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Midland 80814
287 Horseshoe Dr
$8,000
● Land - Off Market

287 Horseshoe Dr

Divide, CO 80814
bedrooms
Studio
bathrooms
0 Bath
$62
Est. Monthly
$3
HOA / Fees

About This Property

0.64 Acre. Steep lot, heavily treed. Lot next door also for sale. Might consider buying both for better access and buildability. Community water system/cistern and septic for this area.
Unit Size
-
Days on Market
-
Land Size
0.64 acres
Price per sqft
-
Property Type
Land
Property Taxes
$10
HOA Dues
$3
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 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: 2 years ago (REcolorado MLS #3638894)

Price History

Date / Event Date Event Price
Mar 3, 2025 Sold
Premium
Sold
Jan 21, 2025 In contract -
In contract
Oct 15, 2024 Listed by Irene Tanis Real Estate $10,000
Listed by Irene Tanis Real Estate
May 23, 2013 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,878
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: RAINBOW VALLEY
  • Land Acres: 0000000640
  • Standard Land Use Code: 8000
  • County Land Use Code: 100
  • Legal Description 1: L7 RAINBOW VALLEY 3

Neighborhood

  • School District Name: Cripple Creek-Victor School District RE-1
  • School Tax School District: RE-2
  • Census Tract: 010110

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 3289-07
  • Account Number: R0010233
  • Parcel: 2289.073140370
  • Meridian: SEC 07 TWN 14S RNG 69W
  • Municipality: DIVIDE
  • Latitude: 38.8438
  • Longitude: -105.159

    Address

  • Full Address: 287 Horseshoe Dr
  • Address - House Number: 287
  • Address - Street Name: Horseshoe
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Divide
  • Carrier Code: H092
  • 4-Digit Zip Code: 7704
  • Zip Code: 80814

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,550
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 22

    Market Valuation

  • Market Total Value: $3,260
  • Market Land Value: $3,260

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $950
  • Assessed Land Value: $950

    Sales

  • Current Sale Contract Date: May 22, 2013
  • Current Sale Recording Date: May 23, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 52
  • Current Sale Input Document Number: 663001
  • Previous Sale Recording Date: Dec 31, 1996
  • Previous Sale Contract Date: Dec 31, 1996
  • 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 Midland

Stats & Trends

Median Asking:

$440,000

Sale Price/ft²

$407

Above Asking

0.00%

Average Days on Market

72

Average Home Size

1554 ft²

Average Home Age

14.4 years

Currently For Sale

5 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

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REcolorado

Listed by: Irene Tanis, Irene Tanis Real Estate
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 3638894
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 287 Horseshoe Drive built and last sold?
The property at 287 Horseshoe Drive was built in and last sold on May 22, 2013 for $506.
How much is this home worth?
The estimated value of the home located at 287 Horseshoe Drive is $0.
What are some comparable homes to 287 Horseshoe Drive?
There are currently no comparable homes to 287 Horseshoe Drive.
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