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Severance 80550
701 Summit View Road
$426,000
● House - Off Market

701 Summit View Road

Severance, CO 80550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,492 Ft²
$457,662
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Come see this beautiful single story home on a LARGE CORNER LOT! More than 1/4 acre, with plenty of room for gardening, RV or boat storage, and more. Walk out your front door and across the street to the park! NO METRO DISTRICT. High vaulted ceilings, newer laminate flooring, and the owner has already done some of the basement finishing work for you. An additional bedroom and bathroom. MINERAL RIGHTS INCLUDED. Schedule your showing today!
Unit Size
1,492 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$268
Property Type
House
Property Taxes
$175
HOA Dues
$13
Year Built
2005

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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 #RECIR946429)

Price History

Date / Event Date Event Price
Sep 7, 2021 Sold
Premium
Sold
Jul 21, 2021 Listed by Grimes Real Estate $399,900
Listed by Grimes Real Estate
Jan 6, 2009 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,478
  • Garage Type: 1
  • Garage Square Area: 468
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,399
  • Total Building Area: 3,428
  • Gross Building Area: 3,428
  • Building Area: 1,482
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,482
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMIT VIEW SUB 2ND FG
  • Land Acres: 0000000262
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SEV 2SV L4 BLK8 SUMMIT VIEW 2ND FG

Neighborhood

  • School District Name: Windsor School District RE-4
  • Census Tract: 002208

Geography

  • Account Number: R2562403
  • Parcel: R2562403
  • Block: 8
  • Lot: 4
  • Latitude: 40.5203
  • Longitude: -104.865

    Address

  • Full Address: 701 Summit View Rd
  • Address - House Number: 701
  • Address - Street Name: Summit View
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Severance
  • Carrier Code: R019
  • 4-Digit Zip Code: 2651
  • Zip Code: 80550

Valuation

    Tax

  • Total Area: 2,960
  • Tax Year: 2023
  • Tax Amount: $242,906
  • Tax Rate Code Area: 0434

    Appraisal Valuation

  • Standard Deviation: 0.1349
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 472,049
  • High Value: 535,736
  • Low Value: 408,363

    Market Valuation

  • Market Total Value: $464,280
  • Market Land Value: $87,000
  • Market Improvement Value: $377,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,110
  • Assessed Land Value: $5,830
  • Assessed Improvements Value: $25,280

    Sales

  • Current Sale Contract Date: Aug 21, 2021
  • Current Sale Recording Date: Sep 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4753167
  • Previous Sale Recording Date: Jan 06, 2009
  • Previous Sale Contract Date: Dec 18, 2008
  • Previous Sale Amount: $164,000
  • 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 Severance

Stats & Trends

Median Asking:

$524,950

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

60

Average Home Size

2532 ft²

Average Home Age

9.2 years

Currently For Sale

119 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 701 Summit View Road built and last sold?
The property at 701 Summit View Road was built in 2005 and last sold on Aug 21, 2021 for $426,000.
How much is this home worth?
The estimated value of the home located at 701 Summit View Road is $0.
What are some comparable homes to 701 Summit View Road?
There are currently no comparable homes to 701 Summit View Road.
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