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Twin Lakes 80221
7351 Alan Drive
$490,000
● House - Off Market

7351 Alan Drive

Denver, CO 80221
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$490,842
RealtyHop Estimate
-1.83%
Since May 1, 2023
CO-Denver
Primary Model

About This Property

Welcome to this cute and culturally rich neighborhood filled with mature landscaping and beautiful history. Walking the streets and seeing the old red brick will make you think you've gone back in time. The home is fully finished with 3 bedrooms existing up stairs and 2 down. Each floor has its own full bathroom as well as a living room/rec room for space to hang out. The lot has a wonderful location within the community and has great space out back to enjoy summer back yard living. It also has a 2 car attached garage and is a corner lot. Please come and check out this great home.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$250
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958

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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 #RECIR984522)

Price History

Date / Event Date Event Price
May 1, 2023 Sold
Premium
Sold
Mar 31, 2023 Listed by Coldwell Banker Realty-FtC $500,000
Listed by Coldwell Banker Realty-FtC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,004
  • Garage Type: 1
  • Garage Square Area: 456
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 4
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 7,980
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 840
  • Total Building Area: 2,716
  • Gross Building Area: 2,940
  • Building Area: 1,455
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,455
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PERL MACK MANOR THIRTEENTH FILING
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: SUB:PERL MACK MANOR THIRTEENTH FILING BLK:5 LOT:18

Neighborhood

  • School District Name: Westminster School District 50
  • School Tax School District: WESTMINSTER PUB
  • Census Tract: 009501

Zoning

  • Zoning: R1C

Geography

  • Assessors Map Reference: 223-R
  • Account Number: R0068579
  • Parcel: R0068579
  • Block: 5
  • Lot: 18
  • Meridian: SEC 33 QTR 3 TWN 02S RNG 68W
  • Latitude: 39.8303
  • Longitude: -105.011

    Address

  • Full Address: 7351 Alan Dr
  • Address - House Number: 7351
  • Address - Street Name: Alan
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Denver
  • Carrier Code: C031
  • 4-Digit Zip Code: 3135
  • Zip Code: 80221

Valuation

    Tax

  • Total Area: 2,260
  • Tax Year: 2022
  • Tax Amount: $313,648
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 49-495

    Appraisal Valuation

  • Standard Deviation: 0.1082
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 89
  • Final Value: 490,349
  • High Value: 543,412
  • Low Value: 437,286

    Market Valuation

  • Market Total Value: $498,000
  • Market Land Value: $83,000
  • Market Improvement Value: $415,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,680
  • Assessed Land Value: $5,610
  • Assessed Improvements Value: $28,070

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: May 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 23887
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 Twin Lakes

Stats & Trends

Median Asking:

$565,000

Sale Price/ft²

$282

Below Asking

0.03%

Average Days on Market

63

Average Home Size

2046 ft²

Average Home Age

26.8 years

Currently For Sale

57 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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Frequently Asked Questions

When was property at 7351 Alan Drive built and last sold?
The property at 7351 Alan Drive was built in 1958 and last sold on Apr 28, 2023 for $490,000.
How much is this home worth?
The estimated value of the home located at 7351 Alan Drive is $0.
What are some comparable homes to 7351 Alan Drive?
There are currently no comparable homes to 7351 Alan Drive.
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