$485,000
●
House -
For Sale
7946 Joan Dr
Denver, CO 80221
3 Beds
1 Bath
1,237 Ft²
$2,591
Est. Monthly
About This Property
Lovely brick ranch in Sherrelwood! The main floor features two nice
sized bedrooms with a full bath just off the hallway. The kitchen
features quartz countertops, white shaker cabinets and stainless
appliances. Downstairs you'll find a third bedroom, spacious
laundry/mechanical room, and bonus room for entertaining! Other
upgrades include new luxury vinyl plank flooring, new carpet, all
new kitchen and baths, new interior and exterior paint, new Central
AC, new water heater, new vinyl windows, new electrical and
plumbing, new roof, and sprinkler system in the front yard. Two
off-street parking spots, and private fenced back yard. Just 5
minutes to I-25, 15 minutes to Downtown.
Unit Size
1,237 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$392
Property Type
House
Property Taxes
$209
HOA Dues
-
Year Built
1959
Listed By
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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: 10 months ago (REcolorado MLS #2889529)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 23, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | In contract | - | |
| In contract | |||
| Dec 26, 2025 | Listed | $475,000 | |
| Listed | |||
| | |||
|
Lovely brick ranch in Sherrelwood! The main floor features two nice sized bedrooms with a full bath just off the hallway. The kitchen features quartz countertops, white shaker cabinets and stainless appliances. Downstairs you'll find a third bedroom, spacious laundry/mechanical room, and bonus room for entertaining! Other upgrades include new luxury vinyl plank flooring, new carpet, all new kitchen and baths, new interior and exterior paint, new Central AC, new water heater, new vinyl windows, new electrical and plumbing, new roof, and sprinkler system in the front yard. Two off-street parking spots, and private fenced back yard. Just 5 minutes to I-25, 15 minutes to Downtown.
| |||
| Sep 25, 2025 | No longer available | - | |
| No longer available | |||
| Apr 24, 2025 | Price Decreased |
$475,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 1
Interior Features: Eat-in Kitchen, Open Floorplan
Appliances: Dishwasher, Refrigerator, Disposal
Laundry Features: In Basement
Fireplace Features: None
Basement: Full, Partially Finished
Exterior Details
Square Footage: 1237
Square Footage Source: $0
Property Condition: Not New, Previously Owned
Architectural Style: Ranch, Contemporary/Modern
Year Built: 1959
Building Area Total: 825
Levels: One
Window Features: Double Pane Windows
Construction Materials: Wood/Frame, Brick/Brick Veneer
Patio and Porch Features: Patio
Lot Features: Lawn Sprinkler System
Lot Size Area: 7200
Lot Size Units: Square Feet
Lot Size Acres: 0.17
Lot Size Square Feet: 7200
Water Source: City Water
Financial Details
Tax Annual Amount: $2,503
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer, City Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sherrelwood
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Beth Concha, Invalesco Real Estate
Last Updated: 10 months ago
Data Source: REcolorado MLS, MLS# 2889529
© 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.
Last Updated: 10 months ago
Data Source: REcolorado MLS, MLS# 2889529
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