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Severance 80550
511 Aspen Grove Way
$467,000
● House - Off Market

511 Aspen Grove Way

Severance, CO 80550
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,872 Ft²
$501,269
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Come see this incredible home in Timber Ridge! Located on a quiet street in the heart of Severance. This property is within walking distance to several parks, and a community pond that is stocked with fish by the Colorado Department of Wildlife. NO METRO DISTRICT. The kitchen has been completely redone and there are brand new floors on the main and lower. Class 4 hail resistant roof installed two years ago. LARGE backyard with room for RV PARKING on the side. Seller will PAY FOR YOUR GENERAL INSPECTION. Ask your agent for details. Give us a shout with any additional questions and schedule your showing today!
Unit Size
1,872 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$252
Property Type
House
Property Taxes
$174
HOA Dues
$14
Year Built
2007

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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 #RECIR978655)

Price History

Date / Event Date Event Price
Jan 3, 2023 Sold
Premium
Sold
Nov 10, 2022 Listed by Grimes Real Estate $472,500
Listed by Grimes Real Estate
Dec 8, 2015 Sold
Premium
Sold
May 30, 2008 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 9
  • Basement Area: 653
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,470
  • Total Building Area: 2,998
  • Gross Building Area: 2,998
  • Building Area: 1,883
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,883
  • 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: 0000000194
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SEV 3TRPUD L6 BLK6 TIMBER RIDGE PUD 3RD FG

Neighborhood

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

Geography

  • Account Number: R3538005
  • Parcel: R3538005
  • Block: 6
  • Lot: 6
  • Latitude: 40.5153
  • Longitude: -104.859

    Address

  • Full Address: 511 Aspen Grove Way
  • Address - House Number: 511
  • Address - Street Name: Aspen Grove
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Severance
  • Carrier Code: R008
  • 4-Digit Zip Code: 2979
  • Zip Code: 80550

Valuation

    Tax

  • Total Area: 2,536
  • Tax Year: 2023
  • Tax Amount: $242,994
  • Tax Rate Code Area: 0434

    Appraisal Valuation

  • Standard Deviation: 0.1522
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 478,827
  • High Value: 551,727
  • Low Value: 405,927

    Market Valuation

  • Market Total Value: $464,360
  • Market Land Value: $87,000
  • Market Improvement Value: $377,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,110
  • Assessed Land Value: $5,830
  • Assessed Improvements Value: $25,280

    Sales

  • Current Sale Contract Date: Dec 30, 2022
  • Current Sale Recording Date: Jan 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4875244
  • Previous Sale Recording Date: Dec 08, 2015
  • Previous Sale Contract Date: Dec 03, 2015
  • Previous Sale Amount: $282,000
  • 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:

$524,950

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

60

Average Home Size

2532 ft²

Average Home Age

9.2 years

Currently For Sale

119 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 511 Aspen Grove Way built and last sold?
The property at 511 Aspen Grove Way was built in 2007 and last sold on Dec 30, 2022 for $467,000.
How much is this home worth?
The estimated value of the home located at 511 Aspen Grove Way is $0.
What are some comparable homes to 511 Aspen Grove Way?
There are currently no comparable homes to 511 Aspen Grove Way.
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