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Bennett 80102
705 Madison Way
$351,000
● House - Off Market

705 Madison Way

Bennett, CO 80102
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,210 Ft²
$373,505
RealtyHop Estimate
11.49%
Since Jun 1, 2021
CO-Denver
Primary Model

About This Property

Beautiful remodel and ready to move in. Granite countertops in kitchen and baths. New vinyl flooring and carpet throughout. Newly tiled bathroom upstairs. Wonderful space in the lower level of the home, features a great bonus room and a non conforming bedroom. Home comes with large storage shed (10x10) in the backyard. Home features sprinkler system both in front and back. Beautifully maintained landscaped yard with a large lot. Newer roof and windows!  Great property in popular Centennial neighborhood. This is a must see property.
Unit Size
1,210 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$277
Property Type
House
Property Taxes
$125
HOA Dues
-
Year Built
1981

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (REcolorado MLS #IRE8534816)

Price History

Date / Event Date Event Price
May 24, 2022 Sold
Premium
Sold
Apr 22, 2022 Listed $399,000
Listed
May 18, 2021 Sold
Premium
Sold
Apr 1, 2021 Listed $335,000
Listed
Feb 17, 2017 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 3
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 400
  • Garage Type: 1
  • Garage Square Area: 231
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,194
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,441
  • Gross Building Area: 1,441
  • Building Area: 1,210
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,210
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTENNIAL ADD NO 2
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: SUB:CENTENNIAL ADD NO 2 BLK:1 LOT:12

Neighborhood

  • School District Name: Bennett School District 29-J
  • School Tax School District: SD 29-BENNETT
  • Census Tract: 008401

Geography

  • Assessors Map Reference: 793-J
  • Account Number: R0083050
  • Parcel: R0083050
  • Block: 1
  • Lot: 12
  • Meridian: SEC 28 QTR 4 TWN 03S RNG 63W
  • Latitude: 39.7557
  • Longitude: -104.438

    Address

  • Full Address: 705 Madison Way
  • Address - House Number: 705
  • Address - Street Name: Madison
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Bennett
  • Carrier Code: R003
  • 4-Digit Zip Code: 7835
  • Zip Code: 80102

Valuation

    Tax

  • Total Area: 1,210
  • Tax Year: 2022
  • Tax Amount: $172,478
  • Tax Rate Code Area: 43-433

    Appraisal Valuation

  • Standard Deviation: 0.1313
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 85
  • Final Value: 402,008
  • High Value: 454,794
  • Low Value: 349,222

    Market Valuation

  • Market Total Value: $387,000
  • Market Land Value: $70,000
  • Market Improvement Value: $317,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,190
  • Assessed Land Value: $4,740
  • Assessed Improvements Value: $21,450

    Sales

  • Current Sale Contract Date: May 19, 2022
  • Current Sale Recording Date: May 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45510
  • Previous Sale Recording Date: May 18, 2021
  • Previous Sale Contract Date: May 14, 2021
  • Previous Sale Amount: $351,000
  • Previous Sale Document Type: 71
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 Bennett

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$237

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1861 ft²

Average Home Age

4 years

Currently For Sale

123 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: David P Stockman,
Last Updated: 5 months ago
Data Source: REcolorado MLS, MLS# IRE8534816
© 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 705 Madison Way built and last sold?
The property at 705 Madison Way was built in 1981 and last sold on May 19, 2022 for $420,000.
How much is this home worth?
The estimated value of the home located at 705 Madison Way is $398,210.
What are some comparable homes to 705 Madison Way?
There are currently no comparable homes to 705 Madison Way.
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