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Westminster 80003 South Westminster
7618 Gray Way
$440,000
● House - Off Market

7618 Gray Way

Westminster, CO 80003
bedrooms
2 Beds
bathrooms
1 Bath
square feet
817 Ft²
$453,926
RealtyHop Estimate
3.16%
Since Jan 1, 2023
CO-Denver
Primary Model

About This Property

Take a look at this beauty! 2 bed, 1 bath with an updated kitchen with stainless steel appliances and a hood over the stove. The primary bedroom has access to the bathroom as well as french doors to the backyard. If you are a beer fan, there is a deep freezer and multiple keg taps to the left of the refrigerator. If you are NOT a beer drinker, don't worry, the Seller saved the countertop and is willing to replace the taps to make the kitchen more appealing to non-drinkers. This house is located right off 76th and Sheridan and is easy to commute via HWY 36. It's within walking distance of a grocery store, restaurants, several businesses, Lake Arbor, and Thomson Elementary.
Unit Size
817 Ft²
Days on Market
38 days
Land Size
0.13 acres
Price per sqft
$539
Property Type
House
Property Taxes
$144
HOA Dues
-
Year Built
1983

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Cap Rate Calculator

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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: 11 months ago (REcolorado MLS #1847754)

Price History

Date / Event Date Event Price
Dec 12, 2022 Sold
Premium
Sold
Nov 1, 2022 Listed by Keller Williams Realty Downtown LLC $440,000
Listed by Keller Williams Realty Downtown LLC
Aug 26, 2019 Sold
Premium
Sold
Jul 17, 2013 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 231
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,489
  • Total Building Area: 1,048
  • Gross Building Area: 1,048
  • Building Area: 817
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 817
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOOD CREEK FLG # 9
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 110
  • State Land Use Code: 1112
  • Legal Description 1: SECTION 36 TOWNSHIP 02 RANGE 69 QTR NE SUBDIVISIONCD 847000 SUBDIVISIONNAME WOOD CREEK FLG # 9 BLOCK 001 LOT 0004 SIZE: 5473 TRACT VALUE: .126

Neighborhood

  • School District Name: Jefferson County School District R-1
  • Census Tract: 010209

Geography

  • Assessors Map Reference: 12-F
  • Account Number: 300168853
  • Parcel: 29-361-12-023
  • Block: 1
  • Lot: 4
  • Meridian: SEC 36 TWN 02S RNG 69W
  • Municipality: WESTMINSTER
  • Latitude: 39.8358
  • Longitude: -105.06

    Address

  • Full Address: 7618 Gray Way
  • Address - House Number: 7618
  • Address - Street Name: Gray
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Arvada
  • Carrier Code: C001
  • 4-Digit Zip Code: 5813
  • Zip Code: 80003

Valuation

    Tax

  • Total Area: 817
  • Tax Year: 2023
  • Tax Amount: $193,508
  • Tax Rate Code Area: 0018

    Appraisal Valuation

  • Standard Deviation: 0.15
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 81
  • Final Value: 457,669
  • High Value: 526,352
  • Low Value: 388,985

    Market Valuation

  • Market Total Value: $434,248
  • Market Land Value: $107,907
  • Market Improvement Value: $326,341

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,410
  • Assessed Land Value: $7,230
  • Assessed Improvements Value: $18,180

    Sales

  • Current Sale Contract Date: Dec 09, 2022
  • Current Sale Recording Date: Dec 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 108098
  • Previous Sale Recording Date: Aug 26, 2019
  • Previous Sale Contract Date: Aug 23, 2019
  • Previous Sale Amount: $319,900
  • 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 South Westminster

Stats & Trends

Median Asking:

$497,000

Sale Price/ft²

$289

Below Asking

0.02%

Average Days on Market

46

Average Home Size

1786 ft²

Average Home Age

56.2 years

Currently For Sale

88 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

Unit for rent at 5345 W 79th Ave, Westminster, CO, 80003

$1,724 /mo

  • 2 Beds
  • 1 Bath
5345 W 79th Ave, Westminster, CO, 80003 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
REcolorado

Listed by: Michael Bruce, Keller Williams Realty Downtown LLC
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 1847754
© 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 7618 Gray Way built and last sold?
The property at 7618 Gray Way was built in 1983 and last sold on Dec 9, 2022 for $440,000.
How much is this home worth?
The estimated value of the home located at 7618 Gray Way is $434,873.
What are some comparable homes to 7618 Gray Way?
There are currently no comparable homes to 7618 Gray Way.
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