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Frederick 80504
5502 Mustang Drive
$652,000
● House - Off Market

5502 Mustang Drive

Frederick, CO 80504
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,766 Ft²
$627,417
RealtyHop Estimate
-3.18%
Since Mar 1, 2022
CO-Denver
Primary Model

About This Property

Open walkout ranch backing to greenbelt and foothill views in desirable pool community. Perfect floorplan for entertaining. Master suite set off from guest and office. Gourmet kitchen with stainless steel appliances, 5 burner gas cooktop, quartz counters & tumbled tiled backsplash. Plantation shutters throughout. Open wrought iron staircase. New roof. Covered deck and additional patio. Basement partially finished and ready for an additional bedroom, in-law kitchen, workout room or whatever, because the space is there. Easy access to I25, shopping and golf course.
Unit Size
2,766 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$234
Property Type
House
Property Taxes
$269
HOA Dues
$55
Year Built
2015

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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 #RECIR956939)

Price History

Date / Event Date Event Price
Feb 7, 2022 Sold
Premium
Sold
Jan 3, 2022 Listed by Kentwood RE Northern Prop Llc $648,000
Listed by Kentwood RE Northern Prop Llc
Apr 12, 2021 Sold
Premium
Sold
Apr 1, 2021 No longer available -
No longer available
Feb 16, 2021 Listed by Kentwood RE Northern Prop Llc $550,000
Listed by Kentwood RE Northern Prop Llc
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 19
  • 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: 1
  • Basement Area: 1,886
  • Garage Type: 1
  • Garage Square Area: 586
  • Parking Space Count: 2
  • Patio Type: 60
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,910
  • Total Building Area: 4,358
  • Gross Building Area: 4,358
  • Building Area: 3,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOORE FARM SUB
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: FRE MF L2 BLK4 MOORE FARM

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 002013

Geography

  • Account Number: R1994503
  • Parcel: R1994503
  • Block: 4
  • Lot: 2
  • Meridian: SEC 24 TWN 2N RNG 68W
  • Latitude: 40.13
  • Longitude: -104.951

    Address

  • Full Address: 5502 Mustang Dr
  • Address - House Number: 5502
  • Address - Street Name: Mustang
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Frederick
  • Carrier Code: R034
  • 4-Digit Zip Code: 4400
  • Zip Code: 80504

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $420,774
  • Tax Rate Code Area: 2704

    Appraisal Valuation

  • Standard Deviation: 0.1357
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 672,287
  • High Value: 763,574
  • Low Value: 580,999

    Market Valuation

  • Market Total Value: $683,808
  • Market Land Value: $135,000
  • Market Improvement Value: $548,808

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,820
  • Assessed Land Value: $9,050
  • Assessed Improvements Value: $36,770

    Sales

  • Current Sale Contract Date: Feb 04, 2022
  • Current Sale Recording Date: Feb 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4800454
  • Previous Sale Recording Date: Apr 12, 2021
  • Previous Sale Contract Date: Mar 30, 2021
  • Previous Sale Amount: $615,000
  • Previous Sale Document Type: 54
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 Frederick

Stats & Trends

Median Asking:

$540,000

Sale Price/ft²

$264

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2172 ft²

Average Home Age

12.9 years

Currently For Sale

167 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 5502 Mustang Drive built and last sold?
The property at 5502 Mustang Drive was built in 2015 and last sold on Feb 4, 2022 for $652,000.
How much is this home worth?
The estimated value of the home located at 5502 Mustang Drive is $658,073.
What are some comparable homes to 5502 Mustang Drive?
There are currently no comparable homes to 5502 Mustang Drive.
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