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Longmont 80504
656 Buchanan Lane
$570,000
● House - Off Market

656 Buchanan Lane

Longmont, CO 80504
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,540 Ft²
$601,491
RealtyHop Estimate
9.56%
Since Jul 1, 2021
CO-Denver
Primary Model

About This Property

Remarkable Property Backs to Open Field/Church.  Custom Brick and Stone Covering the Exterior, New Landscaping,Drive Way, Garage Doors, Granite, Paint, Bathrooms and The List Goes On!!!  This House is New from Top to Bottom!  Inside & Out.  Finished Basement for Entertaining.  Master suite with New Bay Window & Drop Down Flat Screen TV.  This Home is a Gem in a Great Location with NO HOA.  Its a Must SEE!!!
Unit Size
2,540 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$216
Property Type
House
Property Taxes
$194
HOA Dues
-
Year Built
1978

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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 #RECIR941696)

Price History

Date / Event Date Event Price
Jun 30, 2021 Sold
Premium
Sold
May 31, 2021 Listed by Equity Colorado-Front Range $549,000
Listed by Equity Colorado-Front Range
Sep 9, 2020 Sold
Premium
Sold
Jul 24, 2014 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
With View
Garage

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1995
  • Building Count: 2
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,258
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,085
  • Total Building Area: 3,078
  • Gross Building Area: 3,078
  • Building Area: 2,528
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 2
  • Heating: 4
  • Heated Square Feet: 2,528
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNNYVALE 5
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 4 BLK 15 SUNNYVALE 5

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 013402

Geography

  • Assessors Map Reference: B8-E
  • Account Number: R0069623
  • Parcel: R0069623
  • Block: 15
  • Lot: 4
  • Meridian: SEC 02 TWN 2N RNG 69
  • Municipality: LONGMONT
  • Latitude: 40.1701
  • Longitude: -105.081

    Address

  • Full Address: 656 Buchanan Ln
  • Address - House Number: 656
  • Address - Street Name: Buchanan
  • Address - Suffix Type: Ln
  • State: CO
  • City Name: Longmont
  • Carrier Code: C095
  • 4-Digit Zip Code: 1514
  • Zip Code: 80504

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $254,716
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 00-680

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 78
  • Final Value: 617,806
  • High Value: 723,135
  • Low Value: 512,477

    Market Valuation

  • Market Total Value: $559,300
  • Market Land Value: $174,100
  • Market Improvement Value: $385,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,837
  • Assessed Land Value: $11,778
  • Assessed Improvements Value: $26,059

    Sales

  • Current Sale Contract Date: Jun 29, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3896567
  • Previous Sale Recording Date: Sep 09, 2020
  • Previous Sale Contract Date: Sep 09, 2020
  • Previous Sale Amount: $150,000
  • 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 Longmont

Stats & Trends

Median Asking:

$544,000

Sale Price/ft²

$295

Above Asking

0.00%

Average Days on Market

51

Average Home Size

1977 ft²

Average Home Age

33.9 years

Currently For Sale

538 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 656 Buchanan Lane built and last sold?
The property at 656 Buchanan Lane was built in 1978 and last sold on Jun 29, 2021 for $570,000.
How much is this home worth?
The estimated value of the home located at 656 Buchanan Lane is $0.
What are some comparable homes to 656 Buchanan Lane?
There are currently no comparable homes to 656 Buchanan Lane.
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