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Larimer 80515
415 Waltonia Rd
$491,900
● House - Off Market

415 Waltonia Rd

Drake, CO 80515
bedrooms
1 Bed
bathrooms
1 Bath
square feet
960 Ft²
$2,585
Est. Monthly
$25
HOA / Fees
3.59%
Cap Rate

About This Property

Escape to your private retreat in this year round fully remodeled mountain cabin, nestled on over 4 acres of tranquil woods. No expense has been spared, with a new roof, siding, electrical, plumbing, gas fireplace, paint, flooring, and windows. This charming cabin seamlessly blends rustic charm with modern amenities, featuring a living room with wood ceiling beams, large windows, and an updated kitchen and bathroom. Enjoy the expansive Trex deck, perfect for entertaining or soaking in the serene landscape. This cabin is the ideal getaway for those seeking peace and comfort in a picturesque setting. Would also make a great rental.
Unit Size
960 Ft²
Days on Market
-
Land Size
4.57 acres
Price per sqft
$510
Property Type
House
Property Taxes
$154
HOA Dues
$25
Year Built
1968

Payment Calculator

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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 #1011315)

Price History

Date / Event Date Event Price
Sep 17, 2024 Sold
Premium
Sold
Jun 6, 2024 Listed by Kentwood RE Northern Prop Llc $489,900
Listed by Kentwood RE Northern Prop Llc
Aug 4, 2021 Sold
Premium
Sold
Jun 1, 2021 Listed by Kentwood RE Northern Prop Llc $315,000
Listed by Kentwood RE Northern Prop Llc

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 26
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 148

    Dimensions

  • Lot Size Square Feet: 198,995
  • Total Building Area: 1,920
  • Gross Building Area: 1,920
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004568
  • Standard Land Use Code: 1001
  • County Land Use Code: 1219L
  • Legal Description 1: BEG AT PT ON E BANK OF CREEK RUNNING THRU 9-5-71 APPROX 305 FT N OF S LN & SE COR BEARS S 84 37 8 E 4074.51 FT, TH N 11 40 W 178.05 FT TO BEG TANG CUR CONC SW, C/A 27, RAD 180 FT, TH NWRLY ALG ARC 84.82 FT, TH TANT FROM SD CUR N 38 40 W 180.5 FT TO B

Neighborhood

  • School District Name: Thompson School District R-2J
  • Census Tract: 001904

Zoning

  • Zoning: O

Geography

  • Assessors Map Reference: 15093
  • Account Number: R0475947
  • Parcel: R0475947
  • Meridian: SEC 9 TWN 5N RNG 71W
  • Municipality: OUTSIDE CITY LIMITS
  • Latitude: 40.4102
  • Longitude: -105.364

    Address

  • Full Address: 415 Waltonia Rd
  • Address - House Number: 415
  • Address - Street Name: Waltonia
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Drake
  • Zip Code: 80515

Valuation

    Tax

  • Total Area: 1,920
  • Tax Year: 2023
  • Tax Amount: $184,594
  • Tax Rate Code Area: 2008

    Appraisal Valuation

  • Standard Deviation: 0.1555
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 361,365
  • High Value: 417,572
  • Low Value: 305,158

    Market Valuation

  • Market Total Value: $389,000
  • Market Land Value: $120,000
  • Market Improvement Value: $269,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $26,063
  • Assessed Land Value: $8,040
  • Assessed Improvements Value: $18,023

    Sales

  • Current Sale Contract Date: Jul 13, 2021
  • Current Sale Recording Date: Aug 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210073811
  • Previous Sale Recording Date: Sep 01, 1989
  • Previous Sale Contract Date: Sep 01, 1989
  • 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 Larimer

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$284

Above Asking

79.61%

Average Days on Market

58

Average Home Size

2260 ft²

Average Home Age

27.3 years

Currently For Sale

3302 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: Amy Stevens, Kentwood RE Northern Prop Llc
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 1011315
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 415 Waltonia Road built and last sold?
The property at 415 Waltonia Road was built in 1968 and last sold on Jul 13, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 415 Waltonia Road is $473,643.
What are some comparable homes to 415 Waltonia Road?
There are currently no comparable homes to 415 Waltonia Road.
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