$585,000
●
House -
For Sale
2778 Storm Mountain Dr
Drake, CO 80515
2 Beds
1 Bath
1,754 Ft²
$3,219
Est. Monthly
3.44%
Cap Rate
About This Property
Whether you are searching for a weekend getaway or a full-time
retreat, come unwind in this beautiful1754 square foot (Carl
Miller- built) log cabin on nearly 6 wooded acres. Experience the
wonderful smell of pine and sage and view the wildlife from the
wrap-around deck. This home has a new (2025) roof, newer (2024)
down-spouts, gutters, (specially designed) gutter covers, newer
(2024) carpet and porcelein floor tile, spray-foam encapsulated
insulation in the crawl space (2024), newer appliances (2024), new
garage door (2025) and new 7 person hot tub (2025).This home boasts
2 bedrooms, 1 & 3/4 baths, a 2 1/2 car garage, well (serviced 2024
new pressuer tank), septic (cleaned 2023), propane and electric
heat, vaulted ceilings, curved staircase, decorative wood and stone
work, hardwood floors, greenhouse and custom swingset.Your mountain
haven awaits!
Unit Size
1,754 Ft²
Days on Market
429 days
Land Size
5.78 acres
Price per sqft
$334
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1996
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 12 months ago (IRES MLS #1040599)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | Listed | $549,000 | |
| Listed | |||
| | |||
| Dec 11, 2025 | Price Decreased |
$585,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Sep 20, 2025 | Price Increased |
$595,000
↑ $120K
(25.3%) | |
| Price Increased | |||
| Sep 5, 2025 | Relisted | $475,000 | |
| Relisted | |||
Show More
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Parking Features: Garage Door Opener, RV Access/Parking
Garage Spaces: 2
Interior Details
Full Bathrooms: 1
Interior Features: High Speed Internet, Walk-In Closet(s), Study Area, Satellite Avail, Separate Dining Room, Cathedral/Vaulted Ceilings
Appliances: Dishwasher, Refrigerator, Washer, Dryer, Electric Range/Oven
Laundry Features: Main Level
Has Fireplace
Fireplace Features: Gas
Basement: None, Crawl Space
Exterior Details
Square Footage: 1754
Square Footage Source: $0
Property Condition: Not New, Previously Owned
Architectural Style: Cabin
Year Built: 1996
Building Area Total: 1754
Levels: One and One Half
Window Features: Window Coverings
Construction Materials: Log
Patio and Porch Features: Deck
Lot Features: Wooded, Sloped, Rock Outcropping, Unincorporated
Lot Size Area: 251700
Lot Size Units: Square Feet
Lot Size Acres: 5.78
Lot Size Square Feet: 251700
Water Source: Well, Well
Financial Details
Tax Annual Amount: $4,158
Utilities Details
Heating Type: 2 or more Heat Sources
Sewer : Septic Field
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
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Closing Price
Sold On
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HOA + Taxes
About Larimer
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Listed by: Deni Niethammer, The Resource Group, LLC
Last Updated: 12 months ago
Data Source: IRES MLS, MLS# 1040599
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
Last Updated: 12 months ago
Data Source: IRES MLS, MLS# 1040599
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