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Larimer 80515
2820 Storm Mountain Drive
$510,000
● House - Off Market

2820 Storm Mountain Drive

Drake, CO 80515
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,728 Ft²
$577,883
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Always wanted a private home in the mountains?  Your own little piece of paradise?  This home in the woods on 4 1/2 acres offers the seclusion and serenity you want.  Cozy is a good word to describe this home; The warm tones of the wood floors make every room inviting.  The master bedroom is on the main floor, with two bedrooms and a bath upstairs.  You'll want to soak in the views of the woods and mountain ridges off the amazing deck.  There's also an oversized garage for your vehicles and toys.  A great year-around home or weekend retreat, this is easy living at its best!
Unit Size
1,728 Ft²
Days on Market
-
Land Size
4.49 acres
Price per sqft
$289
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1994

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (REcolorado MLS #RECIR942338)

Price History

Date / Event Date Event Price
Jul 15, 2021 Sold
Premium
Sold
Jun 7, 2021 Listed by RE/MAX Alliance-FTC South $500,000
Listed by RE/MAX Alliance-FTC South
Jun 4, 1996 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 640
  • Parking Space Count: 2
  • Patio Type: 61
  • Porch Type: 50
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 195,469
  • Total Building Area: 1,728
  • Gross Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR PARK
  • Land Acres: 0000004487
  • Standard Land Use Code: 1001
  • County Land Use Code: 1219L
  • Legal Description 1: LOT 53, CEDAR PK 1ST

Neighborhood

  • School District Name: Thompson School District R-2J
  • Census Tract: 001904

Zoning

  • Zoning: E

Geography

  • Assessors Map Reference: 16271
  • Account Number: R0504700
  • Parcel: R0504700
  • Lot: 53
  • Meridian: SEC 27 TWN 6N RNG 71W
  • Municipality: OUTSIDE CITY LIMITS
  • Latitude: 40.4582
  • Longitude: -105.334

    Address

  • Full Address: 2820 Storm Mountain Dr
  • Address - House Number: 2820
  • Address - Street Name: Storm Mountain
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Drake
  • Zip Code: 80515

Valuation

    Tax

  • Total Area: 1,728
  • Tax Year: 2023
  • Tax Amount: $327,063
  • Tax Rate Code Area: 20080

    Appraisal Valuation

  • Standard Deviation: 0.1282
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 85
  • Final Value: 630,180
  • High Value: 711,030
  • Low Value: 549,331

    Market Valuation

  • Market Total Value: $631,300
  • Market Land Value: $80,000
  • Market Improvement Value: $551,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $42,297
  • Assessed Land Value: $5,360
  • Assessed Improvements Value: $36,937

    Sales

  • Current Sale Contract Date: Jul 12, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210067681
  • Previous Sale Recording Date: Jun 04, 1996
  • Previous Sale Contract Date: May 31, 1996
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Larimer

Stats & Trends

Median Asking:

$554,900

Sale Price/ft²

$283

Above Asking

83.00%

Average Days on Market

56

Average Home Size

2237 ft²

Average Home Age

27.9 years

Currently For Sale

3456 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Frequently Asked Questions

When was property at 2820 Storm Mountain Drive built and last sold?
The property at 2820 Storm Mountain Drive was built in 1994 and last sold on Jul 12, 2021 for $510,000.
How much is this home worth?
The estimated value of the home located at 2820 Storm Mountain Drive is $0.
What are some comparable homes to 2820 Storm Mountain Drive?
There are currently no comparable homes to 2820 Storm Mountain Drive.
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