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Louisville 80027
516 Sunset Drive
$565,000
● House - Off Market

516 Sunset Drive

Louisville, CO 80027
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,591 Ft²
$533,341
RealtyHop Estimate
-5.60%
Since Apr 1, 2022
CO-Denver
Primary Model

About This Property

3 bedroom, 1 bath ranch home in desirable Old Town Louisville walking distance to elementary school, dining and shops.  New furnace and water heater, home needs updating but has good bones.  3 parking spaces, backs to Goodhue ditch. 2 wooden sheds in backyard.
Unit Size
1,591 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$355
Property Type
House
Property Taxes
$193
HOA Dues
-
Year Built
1971

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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 #RECIR957824)

Price History

Date / Event Date Event Price
Mar 16, 2022 Sold
Premium
Sold
Jan 18, 2022 Listed by MB/Sill-Prantner Realty $565,000
Listed by MB/Sill-Prantner Realty
Jul 1, 1976 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,526
  • Total Building Area: 1,591
  • Gross Building Area: 1,591
  • Building Area: 1,591
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 2
  • Heating: 4
  • Heated Square Feet: 1,591
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SCENIC HEIGHTS - LO
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 14 BLK 5 SCENIC HEIGHTS

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 013005

Geography

  • Assessors Map Reference: B20-L
  • Account Number: R0019970
  • Parcel: R0019970
  • Block: 5
  • Lot: 14
  • Meridian: SEC 08 TWN 1S RNG 69
  • Municipality: LOUISVILLE
  • Latitude: 39.9851
  • Longitude: -105.135

    Address

  • Full Address: 516 Sunset Dr
  • Address - House Number: 516
  • Address - Street Name: Sunset
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Louisville
  • Carrier Code: C003
  • 4-Digit Zip Code: 1523
  • Zip Code: 80027

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $255,496
  • Tax Rate Code Area: 00-090

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: May 17, 2023
  • Confidence Score: 76
  • Final Value: 665,284
  • High Value: 785,205
  • Low Value: 545,363

    Market Valuation

  • Market Total Value: $579,300
  • Market Land Value: $387,800
  • Market Improvement Value: $191,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,190
  • Assessed Land Value: $26,235
  • Assessed Improvements Value: $12,955

    Sales

  • Current Sale Contract Date: Mar 15, 2022
  • Current Sale Recording Date: Mar 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3950929
  • Previous Sale Recording Date: Jul 01, 1976
  • Previous Sale Contract Date: Jul 01, 1976
  • Previous Sale Amount: $31,900
  • Previous Sale Document Type: 27
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 Louisville

Stats & Trends

Median Asking:

$850,000

Sale Price/ft²

$421

Below Asking

0.02%

Average Days on Market

48

Average Home Size

2291 ft²

Average Home Age

28.9 years

Currently For Sale

97 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 516 Sunset Drive built and last sold?
The property at 516 Sunset Drive was built in 1971 and last sold on Mar 15, 2022 for $565,000.
How much is this home worth?
The estimated value of the home located at 516 Sunset Drive is $576,185.
What are some comparable homes to 516 Sunset Drive?
There are currently no comparable homes to 516 Sunset Drive.
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