$925,000
●
House -
Off Market
593 County Road 7
Erie, CO 80516
4 Beds
2 Baths
2,125 Ft²
$5,091
Est. Monthly
3.56%
Cap Rate
About This Property
Come live the country life on this gorgeous, five-acre property!
Situated just off a quiet dirt road, you'll find everything you
need for a quaint farmette, including fully fenced alfalfa
pastures, a large outbuilding, hay barn, chicken coop, livestock
shelters and runs.The home itself offers amazing views, four (+1
that could be non conforming) bedrooms and two baths. For
entertaining and holiday gatherings, you'll love the spacious
dining room, complete with a cozy window seat. While it feels miles
away from the hustle and bustle of city life, this property is
conveniently located near I-25 and roads taking you into Erie,
Broomfield, Boulder and Denver. Don't miss out on this unique
opportunity to own Colorado acreage!
Unit Size
2,125 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$459
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1962
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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: 2 years ago (IRES MLS #998425)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 18, 2024 | Sold | ||
| Sold | |||
| May 31, 2024 | Relisted | $975,000 | |
| Relisted | |||
| May 30, 2024 | In contract | - | |
| In contract | |||
| Oct 19, 2023 | Listed by Porchlight Real Estate Group | $975,000 | |
| Listed by Porchlight Real Estate Group | |||
| | |||
|
Come live the country life on this gorgeous, five-acre property! Situated just off a quiet dirt road, you'll find everything you need for a quaint farmette, including fully fenced alfalfa pastures, a large outbuilding, hay barn, chicken coop, livestock shelters and runs.The home itself offers amazing views, four (+1 that could be non conforming) bedrooms and two baths. For entertaining and holiday gatherings, you'll love the spacious dining room, complete with a cozy window seat. While it feels miles away from the hustle and bustle of city life, this property is conveniently located near I-25 and roads taking you into Erie, Broomfield, Boulder and Denver. Don't miss out on this unique opportunity to own Colorado acreage!
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Weld
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Listed by: Lindsey Sampier,
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 998425
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 998425
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