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Aurora 80016 Tallyn's Reach
6550 S Addison Way
$897,000
● House - Off Market

6550 S Addison Way

Aurora, CO 80016
bedrooms
8 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,640 Ft²
$868,332
RealtyHop Estimate
-2.98%
Since Aug 1, 2022
CO-Denver
Primary Model

About This Property

Beautiful home with a tantalizing guest suite! Upon entering you will find this home opens up to a beautiful, light and bright open concept living, dining, kitchen with massive triple sliding doors that extend the entertainment area onto the large deck off the back! Imagine what you could do with 4 bedrooms 2.5 bathrooms upstairs AND 4 bedrooms 2 bathrooms down with a walk-out. Both upstairs and downstairs have laundry rooms too! This home has 2 Kitchens, 2 laundry, 4 1/2 bathrooms, 8 bedrooms PLUS an office space. The lower 4 bedroom 2 bathroom guest suite has an office, laundry, walkout porch, wide open Kitchen/living space to make your own. OH, AND DID I SAY...ANOTHER AMAZING KITCHEN, LAUNDRY AND WALK-OUT! Everything is here, just needs you.
Unit Size
4,640 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$193
Property Type
House
Property Taxes
$486
HOA Dues
$80
Year Built
2019

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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 #REC3890651)

Price History

Date / Event Date Event Price
Aug 3, 2022 Sold
Premium
Sold
May 18, 2022 Listed by Keller Williams Realty Success $895,000
Listed by Keller Williams Realty Success
Jan 14, 2020 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,312
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 732
  • Parking Space Count: 3
  • Patio Type: 99
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,801
  • Total Building Area: 5,372
  • Gross Building Area: 5,702
  • Building Area: 2,328
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,328
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOREST TRACE SUBDIVISION FLG NO 2
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 1220
  • State Land Use Code: 1112
  • Legal Description 1: LOT 10 BLK 2 FOREST TRACE SUB FLG NO 2

Neighborhood

  • School District Name: Cherry Creek School District 5
  • School Tax School District: CHERRY CRK SCHO
  • Census Tract: 007106

Zoning

  • Zoning: RE470

Geography

  • Assessors Map Reference: PM465 PG1
  • Account Number: 035147541
  • Parcel: 2071-19-3-08-010
  • Block: 2
  • Lot: 10
  • Latitude: 39.5971
  • Longitude: -104.714

    Address

  • Full Address: 6550 S Addison Way
  • Address - House Number: 6550
  • Street Direction: S
  • Address - Street Name: Addison
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Aurora
  • Carrier Code: R031
  • 4-Digit Zip Code: 4461
  • Zip Code: 80016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $541,551
  • Tax Rate Code Area: 17-774

    Appraisal Valuation

  • Standard Deviation: 0.0603
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 97
  • Final Value: 992,550
  • High Value: 1,052,475
  • Low Value: 932,625

    Market Valuation

  • Market Total Value: $807,800
  • Market Land Value: $204,600
  • Market Improvement Value: $603,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,437

    Sales

  • Current Sale Contract Date: Jul 29, 2022
  • Current Sale Recording Date: Aug 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 81695
  • Previous Sale Recording Date: Jan 14, 2020
  • Previous Sale Contract Date: Jan 10, 2020
  • Previous Sale Amount: $592,200
  • 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 Tallyn's Reach

Stats & Trends

Median Asking:

$782,500

Sale Price/ft²

$234

Below Asking

0.03%

Average Days on Market

62

Average Home Size

3621 ft²

Average Home Age

18.1 years

Currently For Sale

32 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 6550 South Addison Way built and last sold?
The property at 6550 South Addison Way was built in 2019 and last sold on Jul 29, 2022 for $897,000.
How much is this home worth?
The estimated value of the home located at 6550 South Addison Way is $904,474.
What are some comparable homes to 6550 South Addison Way?
There are currently no comparable homes to 6550 South Addison Way.
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