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Severance 80550
407 Lakeview Drive
$400,000
● House - Off Market

407 Lakeview Drive

Severance, CO 80550
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,828 Ft²
$437,052
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Welcome to this gem in Severance.  This split-level home has 4 bedrooms, 3 bathrooms, gas stove, granite counter tops, SS Appliances,2 living room areas, gas fire place, 4 season sun room, open space to the back of the property, mature landscaping, enjoy sitting on the back porch and watching the sunsets, 2 car attached garage, nice sized front porch, NO HOA, NO Metro Tax.  Showings start Thursday, 8/5.  Great home, will not last long
Unit Size
1,828 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$211
Property Type
House
Property Taxes
$87
HOA Dues
-
Year Built
1994

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (REcolorado MLS #RECIR947604)

Price History

Date / Event Date Event Price
Sep 8, 2021 Sold
Premium
Sold
Aug 3, 2021 Listed by Windermere Fort Collins $385,000
Listed by Windermere Fort Collins
Dec 20, 1994 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,106
  • Total Building Area: 2,308
  • Gross Building Area: 2,308
  • Building Area: 1,828
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,828
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEVIEW ADD 1ST FG
  • Land Acres: 0000000232
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SEV 1LV-70 L70 LAKEVIEW ADDN 1ST FILING

Neighborhood

  • School District Name: Windsor School District RE-4
  • Census Tract: 002208

Geography

  • Assessors Map Reference: MAP 1259
  • Account Number: R0158795
  • Parcel: R0158795
  • Lot: 70
  • Meridian: SEC 2 TWN 6N RNG 67W
  • Latitude: 40.5226
  • Longitude: -104.853

    Address

  • Full Address: 407 Lakeview Dr
  • Address - House Number: 407
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Severance
  • Carrier Code: R008
  • 4-Digit Zip Code: 2916
  • Zip Code: 80550

Valuation

    Tax

  • Total Area: 1,828
  • Tax Year: 2023
  • Tax Amount: $226,782
  • Tax Rate Code Area: 0402

    Appraisal Valuation

  • Standard Deviation: 0.1522
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 459,931
  • High Value: 529,955
  • Low Value: 389,908

    Market Valuation

  • Market Total Value: $438,744
  • Market Land Value: $89,000
  • Market Improvement Value: $349,744

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,390
  • Assessed Land Value: $5,960
  • Assessed Improvements Value: $23,430

    Sales

  • Current Sale Contract Date: Sep 08, 2021
  • Current Sale Recording Date: Sep 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4753950
  • Previous Sale Recording Date: Dec 20, 1994
  • Previous Sale Contract Date: Dec 15, 1994
  • Previous Sale Amount: $126,400
  • Previous Sale Document Type: 27
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 Severance

Stats & Trends

Median Asking:

$520,900

Sale Price/ft²

$252

Below Asking

0.02%

Average Days on Market

60

Average Home Size

2537 ft²

Average Home Age

9.4 years

Currently For Sale

118 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 407 Lakeview Drive built and last sold?
The property at 407 Lakeview Drive was built in 1994 and last sold on Sep 8, 2021 for $400,000.
How much is this home worth?
The estimated value of the home located at 407 Lakeview Drive is $0.
What are some comparable homes to 407 Lakeview Drive?
There are currently no comparable homes to 407 Lakeview Drive.
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