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Upper Bear Creek 80439
470 Mesa Dr
$262,000
● House - Off Market

470 Mesa Dr

Evergreen, CO 80439
bedrooms
2 Beds
bathrooms
1 Bath
square feet
480 Ft²
$247,220
RealtyHop Estimate
-1.11%
Since Apr 1, 2023
CO-Denver
Primary Model

About This Property

Rare opportunity to live on Upper Bear Creek for under $500,000!  One acre lot just 1 block north of Upper Bear Creek  (CR 480) and a quick walk to TallGrass Aveda Spa & Salon. Just a few mins drive to Evergreen Lake and Evergreen Pkwy (Hy 74). 1956 cabin with 2 bed 1 bath that needs updating and work but a perfect project if you want a mountain cabin at a low cost.  Property has well water and public Sewer with propane gas heat.  Fix this rare gem or build your  $1 Million dream home.  Selling all (4) parcels with the cabin totaling 1.0 acre.  Call listing agent for more details or private showing.
Unit Size
480 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$521
Property Type
House
Property Taxes
$49
HOA Dues
-
Year Built
1956

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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: 11 months ago (REcolorado MLS #6729511)

Price History

Date / Event Date Event Price
Mar 13, 2023 Sold
Premium
Sold
Feb 7, 2023 Listed by RE/MAX Masters Millennium $250,000
Listed by RE/MAX Masters Millennium

Property Highlights

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 26
  • Exterior Walls Type: 21
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,909
  • Total Building Area: 480
  • Gross Building Area: 480
  • Building Area: 480
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 6
  • Heated Square Feet: 480
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BENDEMEER
  • Land Acres: 0000000480
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SUBDIVISION: BENDEMEER TRACT #1 LOT: 111 & 138 & IMP

Neighborhood

  • School District Name: Clear Creek School District RE-1
  • Census Tract: 014701

Zoning

  • Zoning: MR-1

Geography

  • Account Number: R164532
  • Subdivision Tract Number: 1
  • Parcel: R164532
  • Lot: 138
  • Municipality: COUNTY RE-1
  • Latitude: 39.6337
  • Longitude: -105.42

    Address

  • Full Address: 470 Mesa Dr
  • Address - House Number: 470
  • Address - Street Name: Mesa
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Evergreen
  • Carrier Code: R073
  • 4-Digit Zip Code: 4204
  • Zip Code: 80439

Valuation

    Tax

  • Total Area: 480
  • Tax Year: 2023
  • Tax Amount: $42,084
  • Tax Rate Code Area: 62

    Appraisal Valuation

  • Standard Deviation: 0.0866
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 93
  • Final Value: 257,715
  • High Value: 280,039
  • Low Value: 235,391

    Market Valuation

  • Market Total Value: $81,120
  • Market Land Value: $21,530
  • Market Improvement Value: $59,590

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,430
  • Assessed Land Value: $1,440
  • Assessed Improvements Value: $3,990

    Sales

  • Current Sale Contract Date: Mar 09, 2023
  • Current Sale Recording Date: Mar 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 308882
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 Upper Bear Creek

Stats & Trends

Median Asking:

$1,250,000

Sale Price/ft²

$386

Below Asking

0.03%

Average Days on Market

77

Average Home Size

3339 ft²

Average Home Age

41.7 years

Currently For Sale

17 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: Douglas Hauck, RE/MAX Masters Millennium
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 6729511
© 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 470 Mesa Drive built and last sold?
The property at 470 Mesa Drive was built in 1956 and last sold on Mar 9, 2023 for $262,000.
How much is this home worth?
The estimated value of the home located at 470 Mesa Drive is $0.
What are some comparable homes to 470 Mesa Drive?
There are currently no comparable homes to 470 Mesa Drive.
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