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Erie 80516
618 Mathews Circle
$565,000
● House - Off Market

618 Mathews Circle

Erie, CO 80516
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,224 Ft²
$650,311
RealtyHop Estimate
14.11%
Since May 1, 2021
CO-Denver
Primary Model

About This Property

Wonderfully updated and spacious Ranch home in the Canyon Creek subdivision. Main floor with 3 bedrooms, updated kitchen and abundant morning sunlight. Primary main level bath has been totally updated, along with 2 other full bathrooms. Kitchen center isle, SS appliances and hardwood floors on the main level. Spacious finished basement with 2 additional conforming bedrooms, large rec room and complete with a walkout to the fenced backyard. (Washer/Dryer included and located in the basement). Large fenced backyard overlooking city vacant land. Central A/C--Newer HWH, sprinkler system and drip system in backyard garden beds. This home is ready for you to move into.
Unit Size
2,224 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$256
Property Type
House
Property Taxes
-
HOA Dues
$75
Year Built
2003

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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 #RECIR934169)

Price History

Date / Event Date Event Price
Apr 29, 2021 Sold
Premium
Sold
Feb 25, 2021 Listed by The TC Group, LLC $569,900
Listed by The TC Group, LLC
Mar 5, 2012 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 16
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,153
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,547
  • Total Building Area: 2,777
  • Gross Building Area: 2,777
  • Building Area: 2,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,224
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CANYON CREEK FLG 5 - ER
  • Land Acres: 0000000127
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 35 BLK 2 CANYON CREEK FLG 5

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 012801

Geography

  • Account Number: R0500474
  • Parcel: R0500474
  • Block: 2
  • Lot: 35
  • Meridian: SEC 24 TWN 1N RNG 69
  • Municipality: ERIE
  • Latitude: 40.0353
  • Longitude: -105.062

    Address

  • Full Address: 618 Mathews Cir
  • Address - House Number: 618
  • Address - Street Name: Mathews
  • Address - Suffix Type: Cir
  • State: CO
  • City Name: Erie
  • Carrier Code: R015
  • 4-Digit Zip Code: 7267
  • Zip Code: 80516

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $362,538
  • Tax Rate Code Area: 00-392

    Appraisal Valuation

  • Standard Deviation: 0.1436
  • Valuation Date: May 17, 2023
  • Confidence Score: 82
  • Final Value: 653,473
  • High Value: 747,370
  • Low Value: 559,577

    Market Valuation

  • Market Total Value: $648,400
  • Market Land Value: $202,700
  • Market Improvement Value: $445,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,865
  • Assessed Land Value: $13,713
  • Assessed Improvements Value: $30,152

    Sales

  • Current Sale Contract Date: Apr 09, 2021
  • Current Sale Recording Date: Apr 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3881321
  • Previous Sale Recording Date: Mar 05, 2012
  • Previous Sale Contract Date: Feb 29, 2012
  • Previous Sale Amount: $219,000
  • 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 Erie

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

53

Average Home Size

2636 ft²

Average Home Age

12.2 years

Currently For Sale

341 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

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Frequently Asked Questions

When was property at 618 Mathews Circle built and last sold?
The property at 618 Mathews Circle was built in 2003 and last sold on Apr 9, 2021 for $565,000.
How much is this home worth?
The estimated value of the home located at 618 Mathews Circle is $575,777.
What are some comparable homes to 618 Mathews Circle?
There are currently no comparable homes to 618 Mathews Circle.
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