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El Paso 80132
3115 Waterfront Drive
$1,096,000
● House - Off Market

3115 Waterfront Drive

Monument, CO 80132
bedrooms
6 Beds
bathrooms
4 Baths
square feet
4,172 Ft²
$5,967
Est. Monthly
$40
HOA / Fees
3.47%
Cap Rate

About This Property

Beautiful mountain lake paradise! Luxury, modern, views. This home has it all: 6 bedrooms, 5 baths (5-piece primary bath) with full finished basement & wet bar, ~4200 finished sqft, 3-car garage with sealed floor, a short walk to mountain hills & lake trails. Upgrades galore: Semi-custom cabinets, hardwood floors, quartz counter tops, stainless steel appliances, large deck. 1st floor includes 4-zone Sonos & speakers throughout, including on balcony deck, Central Vac, dimmers throughout home.  10' ceilings on main floor, 9' ceilings in newly finished walkout basement, which includes a family room, wet bar, 3 bedrooms, 1 bath, and storage. Landscaping with sprinklers. Across from park & gazebo. Minutes to I-25, shopping, restaurants, and more! Buyer to verify all info.
Unit Size
4,172 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$264
Property Type
House
Property Taxes
$525
HOA Dues
$40
Year Built
2016

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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: 3 years ago (REcolorado MLS #REC2650492)

Price History

Date / Event Date Event Price
May 1, 2024 Sold
Premium
Sold
Feb 28, 2024 Listed by 1858 Real Estate $1,100,000
Listed by 1858 Real Estate
Mar 9, 2017 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,086
  • Garage Type: 1
  • Garage Square Area: 660
  • Parking Space Count: 2
  • Patio Type: 98
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,871
  • Total Building Area: 4,832
  • Gross Building Area: 4,994
  • Building Area: 2,086
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,086
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOREST LAKES FIL NO 3
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 30 FOREST LAKES FIL NO 3

Neighborhood

  • School District Name: Lewis-Palmer School District 38
  • School Tax School District: PFU
  • Census Tract: 003712

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 71273-02-009
  • Lot: 30
  • Municipality: LEWIS-PALMER 38
  • Latitude: 39.0622
  • Longitude: -104.885

    Address

  • Full Address: 3115 Waterfront Dr
  • Address - House Number: 3115
  • Address - Street Name: Waterfront
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Monument
  • Carrier Code: R006
  • 4-Digit Zip Code: 7980
  • Zip Code: 80132

Valuation

    Tax

  • Total Area: 4,172
  • Tax Year: 2022
  • Tax Amount: $629,797
  • Tax Rate Code Area: PFU

    Appraisal Valuation

  • Standard Deviation: 0.0643
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 96
  • Final Value: 1,209,217
  • High Value: 1,287,072
  • Low Value: 1,131,363

    Market Valuation

  • Market Total Value: $786,037
  • Market Land Value: $166,700
  • Market Improvement Value: $619,337

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,630
  • Assessed Land Value: $11,590
  • Assessed Improvements Value: $43,040

    Sales

  • Current Sale Contract Date: Mar 01, 2017
  • Current Sale Recording Date: Mar 09, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 217027441
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 El Paso

Stats & Trends

Median Asking:

$509,900

Sale Price/ft²

$232

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2635 ft²

Average Home Age

30.7 years

Currently For Sale

2204 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 3115 Waterfront Drive built and last sold?
The property at 3115 Waterfront Drive was built in 2016 and last sold on Mar 1, 2017 for $622,242.
How much is this home worth?
The estimated value of the home located at 3115 Waterfront Drive is $1,111,000.
What are some comparable homes to 3115 Waterfront Drive?
There are currently no comparable homes to 3115 Waterfront Drive.
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