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Longmont 80504
716 Independence Dr
$274,000
● House - Off Market

716 Independence Dr

Longmont, CO 80504
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,680 Ft²
$451,411
RealtyHop Estimate
63.61%
Since Nov 1, 2016
CO-Denver
Primary Model

About This Property

Sunny & Charming 3 Bedroom with Unique character on large lot * Nicely xeriscaped for easy maintenance * Inviting outdoor entertaining area * Freshly painted * New Carpet * Stainless Steel Appliances. Main floor features Living & Dining Room, Kitchen with pantry, Family Room with wood burning fireplace, 1/2 bath & large Laundry Room. 3 Bedrooms Up & Full bath with separate vanity. Master has large walk in closet. All bedrooms feature ample closet space. Walk to the park and nearby schools.
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$164
Property Type
House
Property Taxes
$117
HOA Dues
-
Year Built
1977

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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 #799537)

Price History

Date / Event Date Event Price
Oct 21, 2016 Sold
Premium
Sold
Aug 5, 2016 Listed by Best Choice Realty $275,900
Listed by Best Choice Realty
Jun 23, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 16
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,015
  • Total Building Area: 1,680
  • Gross Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK RIDGE 3 - LG
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 19 BLK 11 PARK RIDGE 3

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 013507

Geography

  • Assessors Map Reference: B6-L
  • Account Number: R0070353
  • Parcel: R0070353
  • Block: 11
  • Lot: 19
  • Meridian: SEC 35 TWN 3N RNG 69
  • Municipality: LONGMONT
  • Latitude: 40.1794
  • Longitude: -105.077

    Address

  • Full Address: 716 Independence Dr
  • Address - House Number: 716
  • Address - Street Name: Independence
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Longmont
  • Carrier Code: C076
  • 4-Digit Zip Code: 3925
  • Zip Code: 80504

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $247,868
  • Tax Rate Code Area: 00-680

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: May 17, 2023
  • Confidence Score: 77
  • Final Value: 491,096
  • High Value: 577,133
  • Low Value: 405,059

    Market Valuation

  • Market Total Value: $497,000
  • Market Land Value: $131,800
  • Market Improvement Value: $365,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,622
  • Assessed Land Value: $8,916
  • Assessed Improvements Value: $24,706

    Sales

  • Current Sale Contract Date: Oct 19, 2016
  • Current Sale Recording Date: Oct 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3551770
  • Previous Sale Recording Date: Jun 23, 2016
  • Previous Sale Contract Date: Jun 22, 2016
  • Previous Sale Amount: $250,000
  • 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 Longmont

Stats & Trends

Median Asking:

$545,000

Sale Price/ft²

$295

Above Asking

0.00%

Average Days on Market

51

Average Home Size

1970 ft²

Average Home Age

33.9 years

Currently For Sale

536 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: Alex Karami, Best Choice Realty
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 799537
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 716 Independence Drive built and last sold?
The property at 716 Independence Drive was built in 1977 and last sold on Oct 19, 2016 for $274,000.
How much is this home worth?
The estimated value of the home located at 716 Independence Drive is $0.
What are some comparable homes to 716 Independence Drive?
There are currently no comparable homes to 716 Independence Drive.
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