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622 Gunsmoke Dr
About This Property
Set on a usable one-acre lot beneath towering pines, Gunsmoke was built for this, with vaulted ceilings and expansive windows that fill the home with natural light while framing the surrounding forest. Hardwood floors, a floor-to-ceiling river rock fireplace, and an open gathering space. The spacious kitchen offers generous cabinetry, abundant prep space, and a large island that naturally becomes the heart of every gathering. The main level primary suite provides a private retreat complete with a five-piece bath and walk-in closet, while the walk-out lower level adds additional bedrooms, flexible living space, and room for guests, hobbies, or a home office.
Outside, the flat one-acre parcel is a rarity in the foothills, offering space for campfires, yard games, trailers and all the toys. An attached two-car garage, newer roof, newer well pump, sound mechanicals - leaves you to focus on living - not fixing.
From mornings on the deck with coffee to afternoons at the shooting range, evenings at the brewery in downtown Bailey, and weekends exploring Staunton State Park, the South Platte River, Kenosha Pass, Guanella Pass, or miles of nearby trails, this isn't simply a home in the mountains. It's a home that lets you live the Colorado you've been chasing.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Price Decreased |
$615,000
↓ $30K
(4.7%) | |
| Price Decreased | |||
| Sep 2, 2026 | Price Decreased |
$645,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Aug 14, 2026 | Listed | $655,000 | |
| Listed | |||
| Jun 6, 2022 | Sold | ||
| Sold | |||
| Apr 7, 2022 | Listed | $635,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017