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Severance 80615
536 2nd Street
$537,000
● House - Off Market

536 2nd Street

Severance, CO 80550
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,549 Ft²
$524,048
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Welcome to this spacious former Model Home! This clean and well-kept home has a great layout that allows for all the comforts you'll need. As you enter the front door an adjacent office space is buffered from bustle of the main living area. The open concept of the Kitchen/Dining/Living area is highlighted with upgraded fixtures. Upstairs, retreat into the large Primary Suite conveniently tucked away from the remaining 3 upstairs bedrooms.  This configuration is great for lining up bath time! A covered patio highlights the outdoor space and allows for shaded area throughout the day.  This property is calling for the next owner to love it like the current owners do!
Unit Size
2,549 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$204
Property Type
House
Property Taxes
$310
HOA Dues
-
Year Built
2017

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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 #RECIR961488)

Price History

Date / Event Date Event Price
May 23, 2022 Sold
Premium
Sold
Mar 25, 2022 Listed by Hub Real Estate $520,000
Listed by Hub Real Estate
Oct 1, 2019 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 741
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,480
  • Total Building Area: 3,731
  • Gross Building Area: 3,731
  • Building Area: 2,549
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,549
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TAILHOLT 1ST FG
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: LOT 9 BLOCK 2 TAILHOLT 1ST FG

Neighborhood

  • School District Name: Windsor School District RE-4
  • Census Tract: 002205

Geography

  • Account Number: R8946942
  • Parcel: R8946942
  • Block: 2
  • Lot: 9
  • Latitude: 40.5182
  • Longitude: -104.849

    Address

  • Full Address: 536 2nd St
  • Address - House Number: 536
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: CO
  • City Name: Severance
  • Carrier Code: R008
  • 4-Digit Zip Code: 2960
  • Zip Code: 80550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $476,824
  • Tax Rate Code Area: 5244

    Appraisal Valuation

  • Standard Deviation: 0.1359
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 572,960
  • High Value: 650,839
  • Low Value: 495,081

    Market Valuation

  • Market Total Value: $535,995
  • Market Land Value: $95,000
  • Market Improvement Value: $440,995

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,920
  • Assessed Land Value: $6,370
  • Assessed Improvements Value: $29,550

    Sales

  • Current Sale Contract Date: May 19, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4829641
  • Previous Sale Recording Date: Oct 01, 2019
  • Previous Sale Contract Date: Sep 27, 2019
  • Previous Sale Amount: $387,000
  • Previous Sale Document Type: 68
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:

$520,900

Sale Price/ft²

$252

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2559 ft²

Average Home Age

8.4 years

Currently For Sale

120 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 536 2nd Street built and last sold?
The property at 536 2nd Street was built in 2017 and last sold on May 19, 2022 for $537,000.
How much is this home worth?
The estimated value of the home located at 536 2nd Street is $0.
What are some comparable homes to 536 2nd Street?
There are currently no comparable homes to 536 2nd Street.
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