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31788 Chalet Dr
About This Property
A huge covered front porch spans the home, creating a welcoming entry and a wonderful place to enjoy the peaceful surroundings. Inside, newer high-quality windows fill the open living areas with natural light, while a rustic wood-burning fireplace with stone surround adds warmth and classic Colorado character.
Three bedrooms are located on the main level, including a primary with private 3/4 bath, plus an additional full bath. The open design provides easy flow between the living, dining and kitchen areas.
An expansive covered rear patio overlooks the wooded property, with stairs providing access to the backyard and walkout level. The one-acre-plus lot combines mature trees and privacy with flat, usable outdoor space, including a fenced area ideal for pets or play. A large driveway and two-car garage provide plenty of parking.
The walkout lower level features a spacious family room with gas fireplace, additional bedroom and private 3/4 bath. Its flexible configuration offers excellent potential for guests, extended family or multigenerational living and may offer rental or short-term rental possibilities. Buyers should independently verify permitted uses and STR eligibility with Jefferson County.
Flooring and paint are ready for updating, but the home's open layout makes modernization straightforward...and...ON OUR DIME! The well and septic have been well maintained. Enjoy peaceful mountain living, usable acreage and easy access to Conifer in a home full of possibilities.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$599,000
↓ $16K
(2.6%) | |
| Price Decreased | |||
| Sep 8, 2026 | Price Increased |
$615,000
↑ $15K
(2.5%) | |
| Price Increased | |||
| Aug 17, 2026 | Listed | $600,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017