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Twin Lakes 81251
416 Spruce Dr
$68,000
● Land - Off Market

416 Spruce Dr

Twin Lakes, CO 80461
bedrooms
Studio
bathrooms
0 Bath
$390
Est. Monthly

About This Property

A stunning property in the desirable Twin Lakes mountain community! This level 0.3 acre vacant features tall pines, beautiful mountain views of Mount Elbert, maintained roads and a paid for water stock certificate with Mount Elbert Water Association which is a $17,500 value. This property is ready for your dream mountain escape and is minutes to Twin Lakes access for boating, fishing, hiking, camping and more. The Arkansas River is less than 10 minutes for gold medal fishing and white water rafting. The historic town of Leadville is 15 minutes north, Buena Vista is 25 minutes south and Aspen is 45 minutes over Independence Pass.
Unit Size
-
Days on Market
-
Land Size
0.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$56
HOA Dues
-
Year Built
-

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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 #5223453)

Price History

Date / Event Date Event Price
Jul 24, 2024 Sold
Premium
Sold
Jun 13, 2024 In contract -
In contract
Apr 4, 2024 Listed by Worth Clark Realty $68,000
Listed by Worth Clark Realty
Jan 11, 2023 Sold
Premium
Sold
Oct 6, 2022 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: MT ELBERT PLAMOR RANCH 1-C
  • Land Acres: 0000000300
  • Standard Land Use Code: 8001
  • County Land Use Code: 100
  • Legal Description 1: LOT 118 - PLAMOR 1-C

Neighborhood

  • School District Name: Lake County School District R-1
  • Census Tract: 961900

Geography

  • Account Number: R002058
  • Parcel: 290109002043
  • Lot: 118
  • Municipality: LAKE COUNTY
  • Latitude: 39.1127
  • Longitude: -106.338

    Address

  • Full Address: 416 Spruce Dr
  • Address - House Number: 416
  • Address - Street Name: Spruce
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Twin Lakes
  • Zip Code: 81251

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $67,240
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 189

    Market Valuation

  • Market Total Value: $9,300
  • Market Land Value: $9,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,697
  • Assessed Land Value: $2,697

    Sales

  • Current Sale Contract Date: Jan 11, 2023
  • Current Sale Recording Date: Jan 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 386412
  • Previous Sale Recording Date: Oct 06, 2022
  • Previous Sale Contract Date: Oct 06, 2022
  • Previous Sale Amount: $18,000
  • Previous Sale Document Type: 71
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 Twin Lakes

Stats & Trends

Median Asking:

$819,000

Sale Price/ft²

$446

Below Asking

0.02%

Average Days on Market

126

Average Home Size

2052 ft²

Average Home Age

17.3 years

Currently For Sale

19 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

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REcolorado

Listed by: Christian Kelly, Worth Clark Realty
Last Updated: 3 years ago
Data Source: REcolorado MLS, MLS# 5223453
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 416 Spruce Drive built and last sold?
The property at 416 Spruce Drive was built in and last sold on Jan 11, 2023 for $40,000.
How much is this home worth?
The estimated value of the home located at 416 Spruce Drive is $0.
What are some comparable homes to 416 Spruce Drive?
There are currently no comparable homes to 416 Spruce Drive.
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