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Severance 80550
502 Prairie Clover Way
$505,000
● House - Off Market

502 Prairie Clover Way

Severance, CO 80550
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,901 Ft²
$577,943
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Beautiful Semi Custom Ranch Style Home features 4 Bdrms, 3 Baths, Open Flr Plan & 3/4  Professionally finished bsmt. This winning home provides a Corner lot location, privacy fencing, New Deck & Pergola,  New Ext Paint, New Exterior lights,Gutters & Impact Resistant Shingles, Hard wood flrs & Solid Core Wood Doors throughout. Spacious Master Suite w/ 5 pc Master Bath & Walk in Closet.  Large Kitchen w/ Amazing Kitchen Island, Pantry, Large Sink and Newer Stainless Steel Appls.  Finished bsmt pro
Unit Size
2,901 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$174
Property Type
House
Property Taxes
$193
HOA Dues
$14
Year Built
2013

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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 #RECIR948001)

Price History

Date / Event Date Event Price
Aug 30, 2021 Sold
Premium
Sold
Aug 6, 2021 Listed by RE/MAX Alliance-FTC South $505,000
Listed by RE/MAX Alliance-FTC South
Nov 12, 2018 No longer available -
No longer available
Nov 8, 2018 Sold
Premium
Sold
Oct 6, 2018 Listed by RE/MAX Alliance-FTC South $375,000
Listed by RE/MAX Alliance-FTC South
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 6
  • Basement Area: 1,484
  • Garage Type: 1
  • Garage Square Area: 811
  • Parking Space Count: 3
  • Patio Type: 60
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,316
  • Total Building Area: 3,812
  • Gross Building Area: 3,812
  • Building Area: 2,562
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,562
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBER RIDGE PUD 3RD FG
  • Land Acres: 0000000191
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SEV 3TRPUD L22 BLK6 TIMBER RIDGE PUD 3RD FG

Neighborhood

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

Geography

  • Account Number: R3537505
  • Parcel: R3537505
  • Block: 6
  • Lot: 22
  • Latitude: 40.5163
  • Longitude: -104.859

    Address

  • Full Address: 502 Prairie Clover Way
  • Address - House Number: 502
  • Address - Street Name: Prairie Clover
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Severance
  • Carrier Code: R022
  • 4-Digit Zip Code: 2984
  • Zip Code: 80550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $294,552
  • Tax Rate Code Area: 0434

    Appraisal Valuation

  • Standard Deviation: 0.1359
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 549,351
  • High Value: 624,021
  • Low Value: 474,681

    Market Valuation

  • Market Total Value: $551,166
  • Market Land Value: $87,000
  • Market Improvement Value: $464,166

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,930
  • Assessed Land Value: $5,830
  • Assessed Improvements Value: $31,100

    Sales

  • Current Sale Contract Date: Aug 27, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4751156
  • Previous Sale Recording Date: Nov 08, 2018
  • Previous Sale Contract Date: Nov 08, 2018
  • Previous Sale Amount: $375,000
  • 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 Severance

Stats & Trends

Median Asking:

$522,900

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

61

Average Home Size

2567 ft²

Average Home Age

9.1 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 502 Prairie Clover Way built and last sold?
The property at 502 Prairie Clover Way was built in 2013 and last sold on Aug 27, 2021 for $505,000.
How much is this home worth?
The estimated value of the home located at 502 Prairie Clover Way is $510,798.
What are some comparable homes to 502 Prairie Clover Way?
There are currently no comparable homes to 502 Prairie Clover Way.
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