29 Cherry Lane Dr
About This Property
This home offers unparalleled privacy and large entertaining spaces, the pinnacle of Cherry Hills Village's prestige. Enter through a semicircular driveway past large hedges and a mature tree perimeter. A grand entrance leads you through the vaulted great room with a stone fireplace to a tremendous back deck with a built-in 2023 7-person Wind River Spas Hot Tub. Floor-to-ceiling windows blur the lines between indoor and outdoor beauty that can only be described as your very own private park.
This high-tech home has smart devices, including audio/video surveillance, doorbells, locks, thermostats, sprinkler systems, CO2 and smoke detectors, and garage door openers. An advanced smart home system centralizes these smart devices, allowing for frictionless automation.
The in-law suite has a separate entrance, a private bathroom, and an attached one-car garage. An elevator provides access from the 3-car garage to the main floor. Four independent furnaces and AC units allow for zone-controlled temperature. A steam shower in the primary bathroom. An enormous butler's pantry.
Surrounded by diverse flora and incredibly active wildlife. Hawks, owls, hummingbirds, and foxes frequently visit. As you experience the tranquility of this unique countryside seclusion, you will forget you are on one of the largest pieces of real estate centrally located in Denver, only 1 mile from the I-25. Access to the Highline Canal is only 1,000 feet away. Less than a mile from Kent Denver and Cherry Hills Village Elementary.
Call the agent/owner, Noah, for a private showing.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 8, 2024 | Price Decreased |
$3,495,000
↓ $405K
(10.4%) | |
| Price Decreased | |||
| Aug 31, 2024 | Price Increased |
$3,900,000
↑ $405K
(11.6%) | |
| Price Increased | |||
| Aug 29, 2024 | Listed by Your Castle Realty LLC | $3,495,000 | |
| Listed by Your Castle Realty LLC | |||
| Jan 11, 2023 | Sold | ||
| Sold | |||
| Dec 1, 2022 | Listed by Your Castle Realty LLC | $3,200,000 | |
| Listed by Your Castle Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017