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Larimer 80515
42 Evergreen Point Road
$430,000
● House - Off Market

42 Evergreen Point Road

Drake, CO 80515
bedrooms
2 Beds
bathrooms
1 Bath
square feet
870 Ft²
$444,582
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

A quaint 2 story cabin nestled on RIVERFRONT located in Drake, CO right off Highway 34. Big Thompson River is just steps away from your front porch. About 1 mile from Estes Lake! Be entrenched within the wild beauty of Colorado with this AFFORDABLE cabin. Massive rock formations just outside your back door that would make anyone look up in awe. Full bath, loft bedroom, sliding glass doors, and a gorgeous deck overlooking Big Thompson. Vaulted ceilings make for a spacious feeling in inside the cabin with natural light coming through the enormous windows! Per the HOA that are NO RENTALS permitted on this property. This can be YOUR vacation getaway!
Unit Size
870 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$494
Property Type
House
Property Taxes
$148
HOA Dues
$13
Year Built
1970

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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 #RECIR970644)

Price History

Date / Event Date Event Price
Aug 11, 2022 Sold
Premium
Sold
Jul 10, 2022 Listed by McCann Real Estate $430,000
Listed by McCann Real Estate
Sep 11, 2020 Sold
Premium
Sold
May 18, 2018 Sold
Premium
Sold

Property Highlights

Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 60
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 61
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 198

    Dimensions

  • Lot Size Square Feet: 13,386
  • Total Building Area: 840
  • Gross Building Area: 840
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 840
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EVERGREEN POINT
  • Land Acres: 0000000307
  • Standard Land Use Code: 1001
  • County Land Use Code: 1219L
  • Legal Description 1: LOT 1, EVERGREEN PT

Neighborhood

  • School District Name: Park School District R-3
  • Census Tract: 001904

Zoning

  • Zoning: E

Geography

  • Assessors Map Reference: 25204
  • Account Number: R0553611
  • Parcel: R0553611
  • Lot: 1
  • Meridian: SEC 20 TWN 5N RNG 72W
  • Municipality: OUTSIDE CITY LIMITS
  • Latitude: 40.3806
  • Longitude: -105.477

    Address

  • Full Address: 42 Evergreen Point Rd
  • Address - House Number: 42
  • Address - Street Name: Evergreen Point
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Drake
  • Zip Code: 80515

Valuation

    Tax

  • Total Area: 840
  • Tax Year: 2023
  • Tax Amount: $195,568
  • Tax Rate Code Area: 3044

    Appraisal Valuation

  • Standard Deviation: 0.1465
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 481,559
  • High Value: 552,120
  • Low Value: 410,997

    Market Valuation

  • Market Total Value: $474,300
  • Market Land Value: $69,800
  • Market Improvement Value: $404,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $31,779
  • Assessed Land Value: $4,677
  • Assessed Improvements Value: $27,102

    Sales

  • Current Sale Contract Date: Aug 05, 2022
  • Current Sale Recording Date: Aug 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 50333
  • Previous Sale Recording Date: Sep 11, 2020
  • Previous Sale Contract Date: Sep 08, 2020
  • Previous Sale Amount: $365,000
  • 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 Larimer

Stats & Trends

Median Asking:

$554,000

Sale Price/ft²

$284

Above Asking

81.57%

Average Days on Market

57

Average Home Size

2246 ft²

Average Home Age

27.5 years

Currently For Sale

3405 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 42 Evergreen Point Road built and last sold?
The property at 42 Evergreen Point Road was built in 1970 and last sold on Aug 5, 2022 for $430,000.
How much is this home worth?
The estimated value of the home located at 42 Evergreen Point Road is $0.
What are some comparable homes to 42 Evergreen Point Road?
There are currently no comparable homes to 42 Evergreen Point Road.
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