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Severance 80550
705 Summit View Rd
$535,000
● House - Off Market

705 Summit View Rd

Severance, CO 80550
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,071 Ft²
$559,003
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

PRICE REDUCED!! Welcome to this open & bright ranch floorplan in Summit View. Main Floor boasts 3BR, 2 BA, main floor laundry. Double sided fireplace, SS appliances, enclosed sunroom off kitchen. Primary suite w/ 5 pc bath, walk-in closet & covered patio off Primary suite. Full finished basement w/ Rec room, kitchen area w/ frig, DW, cooktop & microwave, bedroom, office/study, full bath & Another laundry area. Oversized 3 car garage, nicely landscaped yard w/ sprinklers & privacy fence. NEW ROOF.  NO METRO DISTRICT. YOU WON'T WANT TO MISS THIS ONE.
Unit Size
3,071 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$174
Property Type
House
Property Taxes
$218
HOA Dues
$13
Year Built
2005

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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: 3 years ago (IRES MLS #978062)

Price History

Date / Event Date Event Price
Mar 3, 2023 Sold
Premium
Sold
Oct 28, 2022 Listed by RE/MAX Alliance-FTC South $535,000
Listed by RE/MAX Alliance-FTC South
Nov 29, 2016 Sold
Premium
Sold
Oct 21, 2005 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,529
  • Garage Type: 1
  • Garage Square Area: 682
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,701
  • Total Building Area: 3,772
  • Gross Building Area: 3,772
  • Building Area: 3,090
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,090
  • 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: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SEV 2SV L2 BLK8 SUMMIT VIEW 2ND FG

Neighborhood

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

Geography

  • Account Number: R2562203
  • Parcel: R2562203
  • Block: 8
  • Lot: 2
  • Latitude: 40.5202
  • Longitude: -104.865

    Address

  • Full Address: 705 Summit View Rd
  • Address - House Number: 705
  • 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: 3,090
  • Tax Year: 2023
  • Tax Amount: $284,896
  • Tax Rate Code Area: 0434

    Appraisal Valuation

  • Standard Deviation: 0.1202
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 87
  • Final Value: 545,456
  • High Value: 611,044
  • Low Value: 479,868

    Market Valuation

  • Market Total Value: $535,000
  • Market Land Value: $87,000
  • Market Improvement Value: $448,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,850
  • Assessed Land Value: $5,830
  • Assessed Improvements Value: $30,020

    Sales

  • Current Sale Contract Date: Feb 24, 2023
  • Current Sale Recording Date: Mar 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4884665
  • Previous Sale Recording Date: Nov 29, 2016
  • Previous Sale Contract Date: Nov 28, 2016
  • Previous Sale Amount: $350,000
  • 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 Severance

Stats & Trends

Median Asking:

$520,900

Sale Price/ft²

$252

Below Asking

0.02%

Average Days on Market

60

Average Home Size

2537 ft²

Average Home Age

9.3 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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IRES

Listed by: Rose Merkey, RE/MAX Alliance-FTC South
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 978062
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.

Frequently Asked Questions

When was property at 705 Summit View Road built and last sold?
The property at 705 Summit View Road was built in 2005 and last sold on Feb 24, 2023 for $535,000.
How much is this home worth?
The estimated value of the home located at 705 Summit View Road is $0.
What are some comparable homes to 705 Summit View Road?
There are currently no comparable homes to 705 Summit View Road.
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