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Fremont 81223
672 Basin Drive
$85,000
● Land - Off Market

672 Basin Drive

Cotopaxi, CO 81223
bedrooms
Studio
bathrooms
0 Bath
$86,962
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Secluded yet accessible.  Great opportunity to build your get a way cabin or full time home in desirable Spruce Basin.  This 9 Acre lot has flat building areas close to Basin Drive.  Views and rock outcroppings.  Electric is nearby, and limited covenants. Heavily treed with tall pines and scrub oak.  This property is perfect for a full time resident or weekend get away.  Access to public lands and the Arkansas River is only a few minutes away.  50 minutes west of Canon City, 45 minutes east of Salida, 40 minutes north of Westcliffe and 1 hr and 10 minutes east of Monarch Ski Area.
Unit Size
-
Days on Market
-
Land Size
9.06 acres
Price per sqft
-
Property Type
Land
Property Taxes
$43
HOA Dues
-
Year Built
-

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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 #REC6820175)

Price History

Date / Event Date Event Price
Jul 18, 2022 Sold
Premium
Sold
Jun 2, 2022 Listed by First Colorado Land Office, Inc. $85,000
Listed by First Colorado Land Office, Inc.
Jan 15, 2003 Sold
Premium
Sold
Dec 17, 2001 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 394,654
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SPRUCE BASIN F1
  • Land Acres: 0000009060
  • Standard Land Use Code: 8001
  • County Land Use Code: 100
  • Legal Description 1: LOT 5 BLK 2 SPRUCE BASIN FIL #1

Neighborhood

  • School District Name: Cotopaxi School District RE-3
  • Census Tract: 979002

Geography

  • Account Number: R025509
  • Parcel: 77009670
  • Block: 2
  • Lot: 5
  • Latitude: 38.4297
  • Longitude: -105.734

    Address

  • Full Address: 672 Basin Dr
  • Address - House Number: 672
  • Address - Street Name: Basin
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Cotopaxi
  • Zip Code: 81223

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $88,556
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 39I

    Market Valuation

  • Market Total Value: $77,010
  • Market Land Value: $77,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,486
  • Assessed Land Value: $21,486

    Sales

  • Current Sale Contract Date: Jul 12, 2022
  • Current Sale Recording Date: Jul 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1018563
  • Previous Sale Recording Date: Jan 15, 2003
  • Previous Sale Contract Date: Jan 15, 2003
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: 27
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 Fremont

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$250

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2344 ft²

Average Home Age

39.3 years

Currently For Sale

204 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 672 Basin Drive built and last sold?
The property at 672 Basin Drive was built in and last sold on Jul 12, 2022 for $85,000.
How much is this home worth?
The estimated value of the home located at 672 Basin Drive is $0.
What are some comparable homes to 672 Basin Drive?
There are currently no comparable homes to 672 Basin Drive.
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