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70 Silver Springs Road
$415,000
● House - Off Market

70 Silver Springs Road

Bailey, CO 80421
bedrooms
2 Beds
bathrooms
1 Bath
square feet
840 Ft²
$2,216
Est. Monthly
4.66%
Cap Rate

About This Property

Discover mountain living at 70 Silver Springs Road in the Will-O-Wisp community of Bailey. This 2-bedroom, 1-bath home offers comfort, charm, and functionality in a peaceful setting. Stay warm by the wood stove in the open living area, and enjoy the added bonus of a dedicated workshop-perfect for projects or extra storage. The property includes private parking and is surrounded by natural beauty, with trails, fishing, and outdoor recreation just minutes away. A great opportunity for a full-time home or weekend getaway.
Unit Size
840 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$494
Property Type
House
Property Taxes
$178
HOA Dues
-
Year Built
1987

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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: 11 months ago (REcolorado MLS #3973103)

Price History

Date / Event Date Event Price
Jul 12, 2025 Sold
Premium
Sold
May 24, 2025 In contract -
In contract
May 16, 2025 Listed by Legacy Group Real Estate, LLC $415,000
Listed by Legacy Group Real Estate, LLC

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • 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
  • Location Influence Type: 7

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 840
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILL-O-WISP
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • Legal Description 1: T07 R72 S11 NE4 WILL O WISP FILING 1 LOT 036

Neighborhood

  • School District Name: Platte Canyon School District 1
  • Census Tract: 000102

Geography

  • Account Number: 40509
  • Parcel: R0040509
  • Lot: 36
  • Latitude: 39.4579
  • Longitude: -105.41

    Address

  • Full Address: 70 Silver Springs Rd
  • Address - House Number: 70
  • Address - Street Name: Silver Springs
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Bailey
  • Carrier Code: R002
  • 4-Digit Zip Code: 2361
  • Zip Code: 80421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $208,842
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 0018

    Appraisal Valuation

  • Standard Deviation: 0.1944
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 430,747
  • High Value: 514,485
  • Low Value: 347,009

    Market Valuation

  • Market Total Value: $274,357
  • Market Land Value: $11,895
  • Market Improvement Value: $262,462

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,070
  • Assessed Land Value: $830
  • Assessed Improvements Value: $18,240
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 Park

Stats & Trends

Median Asking:

$594,000

Sale Price/ft²

$329

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1878 ft²

Average Home Age

31.7 years

Currently For Sale

590 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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REcolorado

Listed by: Jessica Quante, Legacy Group Real Estate, LLC
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 3973103
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 70 Silver Springs Road built and last sold?
The property at 70 Silver Springs Road was built in 1987 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 70 Silver Springs Road is $413,863.
What are some comparable homes to 70 Silver Springs Road?
There are currently no comparable homes to 70 Silver Springs Road.
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