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Severance 80550
504 Lakeview Drive
$407,000
● House - Off Market

504 Lakeview Drive

Severance, CO 80550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,092 Ft²
$394,866
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Beautiful remodel in perfect Severance location! Featuring 3 beds/2 baths- this home has been upgraded from top to bottom! Gorgeous kitchen has white shaker cabinets, custom subway tile, white quartz, stainless steel appliances, & designer finishes. Master bed has walk-in closet & private 3/4 bath w/ new subway tile shower, vanity, lighting, & finishes. New LVP flooring, interior/exterior paint, lighting, carpet, hardware, & more. New furnace & newer roof.  No HOA! Steps away from Lakeview Park & walking trails. This is a MUST SEE! Showings begin Friday, Jan 21st.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$343
Property Type
House
Property Taxes
$121
HOA Dues
-
Year Built
1995

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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 #RECIR957598)

Price History

Date / Event Date Event Price
Feb 11, 2022 Sold
Premium
Sold
Jan 17, 2022 Listed by CO Vision Real Estate Group $375,000
Listed by CO Vision Real Estate Group
Oct 27, 2021 Sold
Premium
Sold
Oct 13, 2021 Listed by CO Vision Real Estate Group $270,000
Listed by CO Vision Real Estate Group
Feb 6, 1996 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,273
  • Total Building Area: 1,572
  • Gross Building Area: 1,572
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEVIEW ADD 1ST FG
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SEV 1LV-63 L63 LAKEVIEW ADD 1ST FILING

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 1259
  • Account Number: R0157995
  • Parcel: R0157995
  • Lot: 63
  • Meridian: SEC 2 TWN 6N RNG 67W
  • Latitude: 40.5204
  • Longitude: -104.853

    Address

  • Full Address: 504 Lakeview Dr
  • Address - House Number: 504
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Severance
  • Carrier Code: R008
  • 4-Digit Zip Code: 2918
  • Zip Code: 80550

Valuation

    Tax

  • Total Area: 1,092
  • Tax Year: 2023
  • Tax Amount: $206,854
  • Tax Rate Code Area: 0402

    Appraisal Valuation

  • Standard Deviation: 0.1418
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 83
  • Final Value: 432,919
  • High Value: 494,320
  • Low Value: 371,517

    Market Valuation

  • Market Total Value: $405,156
  • Market Land Value: $89,000
  • Market Improvement Value: $316,156

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,140
  • Assessed Land Value: $5,960
  • Assessed Improvements Value: $21,180

    Sales

  • Current Sale Contract Date: Feb 11, 2022
  • Current Sale Recording Date: Feb 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4801682
  • Previous Sale Recording Date: Oct 27, 2021
  • Previous Sale Contract Date: Oct 22, 2021
  • Previous Sale Amount: $270,000
  • 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

$252

Below Asking

0.02%

Average Days on Market

60

Average Home Size

2537 ft²

Average Home Age

9.4 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

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Frequently Asked Questions

When was property at 504 Lakeview Drive built and last sold?
The property at 504 Lakeview Drive was built in 1995 and last sold on Feb 11, 2022 for $407,000.
How much is this home worth?
The estimated value of the home located at 504 Lakeview Drive is $371,742.
What are some comparable homes to 504 Lakeview Drive?
There are currently no comparable homes to 504 Lakeview Drive.
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