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Longmont 80504
401 Independence Dr
$538,000
● House - Off Market

401 Independence Dr

Longmont, CO 80504
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,680 Ft²
$517,167
RealtyHop Estimate
-2.42%
Since Jul 1, 2023
CO-Denver
Primary Model

About This Property

Welcome to Park Ridge, one of the most coveted and desirable neighborhoods in the area. This stunning home, situated on a spacious corner lot, is the definition of move-in ready. Its practical floor plan boasts three generously sized rooms upstairs and a large bedroom on the main level, creating a versatile space that can be used as a home office, guest room, or luxurious primary living quarters. The real showstopper, however, is the large fenced-in yard, perfect for outdoor living and entertainment. With a spacious deck, newly seeded lawn, and raised garden beds, this outdoor space is truly a homeowner's dream. Additionally, the garage of this home offers ample workspace and electrical access for your convenience. Come take a tour of this beautiful home today and experience the Park Ridge lifestyle for yourself.
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$315
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
1977

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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 (IRES MLS #988357)

Price History

Date / Event Date Event Price
Jun 21, 2023 Sold
Premium
Sold
May 23, 2023 Listed by Engel & Volkers Denver $530,000
Listed by Engel & Volkers Denver
May 19, 2020 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 16
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,696
  • Total Building Area: 1,680
  • Gross Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK RIDGE 3 - LG
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 1 BLK 1 PARK RIDGE 3

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 013507

Geography

  • Account Number: R0067264
  • Parcel: R0067264
  • Block: 1
  • Lot: 1
  • Meridian: SEC 35 TWN 3N RNG 69
  • Municipality: LONGMONT
  • Latitude: 40.1798
  • Longitude: -105.083

    Address

  • Full Address: 401 Independence Dr
  • Address - House Number: 401
  • Address - Street Name: Independence
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Longmont
  • Carrier Code: C076
  • 4-Digit Zip Code: 3918
  • Zip Code: 80504

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $264,996
  • Tax Rate Code Area: 00-680

    Appraisal Valuation

  • Standard Deviation: 0.1679
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 78
  • Final Value: 538,017
  • High Value: 628,401
  • Low Value: 447,633

    Market Valuation

  • Market Total Value: $522,900
  • Market Land Value: $142,300
  • Market Improvement Value: $380,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,375
  • Assessed Land Value: $9,627
  • Assessed Improvements Value: $25,748

    Sales

  • Current Sale Contract Date: Jun 20, 2023
  • Current Sale Recording Date: Jun 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4011597
  • Previous Sale Recording Date: Jun 21, 2023
  • Previous Sale Contract Date: Jun 20, 2023
  • Previous Sale Amount: $538,000
  • Previous Sale Document Type: 68
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 Longmont

Stats & Trends

Median Asking:

$545,000

Sale Price/ft²

$295

Above Asking

0.00%

Average Days on Market

51

Average Home Size

1981 ft²

Average Home Age

34 years

Currently For Sale

536 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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IRES

Listed by: Rodd Jaramillo, Engel & Volkers Denver
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 988357
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.

Frequently Asked Questions

When was property at 401 Independence Drive built and last sold?
The property at 401 Independence Drive was built in 1977 and last sold on Jun 20, 2023 for $538,000.
How much is this home worth?
The estimated value of the home located at 401 Independence Drive is $0.
What are some comparable homes to 401 Independence Drive?
There are currently no comparable homes to 401 Independence Drive.
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