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Welby 80229
8420 Madison Way
$260,000
● House - Off Market

8420 Madison Way

Thornton, CO 80229
bedrooms
3 Beds
bathrooms
2 Baths
square feet
952 Ft²
$252,835
RealtyHop Estimate
1.13%
Since Feb 1, 2022
CO-Denver
Primary Model

About This Property

Fantastic sweat-equity or investor opportunity!  Great value for the money in desirable Riverdale Farm.  Spacious ranch style with 3 bedrooms and 2 bathrooms.  952 square feet plus a covered carport, fenced yard, 2 storage sheds.  Quick possession.  Great location - minutes away from Pelican Ponds Open Space with plenty of walking trails along the South Platte River.  Close to restaurants, shopping, schools and new RTD station.
Unit Size
952 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$263
Property Type
House
Property Taxes
$112
HOA Dues
$50
Year Built
1992

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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: 11 months ago (REcolorado MLS #6460320)

Price History

Date / Event Date Event Price
Jan 25, 2022 Sold
Premium
Sold
Dec 20, 2021 Listed by RE/MAX Alliance $250,000
Listed by RE/MAX Alliance
Dec 23, 2010 Sold
Premium
Sold
May 31, 2007 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 2
  • Building Quality: 13
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 3
  • Garage Square Area: 200
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,920
  • Lot Size Depth Feet: 980
  • Lot Size Frontage Feet: 400
  • Total Building Area: 952
  • Gross Building Area: 952
  • Building Area: 952
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 14
  • Heated Square Feet: 952
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERDALE FARM RESIDENTIAL 2ND FILING
  • Land Acres: 0000000090
  • Standard Land Use Code: 1006
  • County Land Use Code: 1136
  • Mobile Home Indicator: T
  • Legal Description 1: SUB:RIVERDALE FARM RESIDENTIAL 2ND FILING BLK:5 LOT:4

Neighborhood

  • School District Name: Mapleton School District 1
  • School Tax School District: SD 1-MAPLETON
  • Census Tract: 015000

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 225-F
  • Account Number: R0054944
  • Parcel: R0054944
  • Block: 5
  • Lot: 4
  • Meridian: SEC 25 QTR 1 TWN 02S RNG 68W
  • Latitude: 39.8502
  • Longitude: -104.947

    Address

  • Full Address: 8420 Madison Way
  • Address - House Number: 8420
  • Address - Street Name: Madison
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Denver
  • Carrier Code: R001
  • 4-Digit Zip Code: 4226
  • Zip Code: 80229

Valuation

    Tax

  • Total Area: 952
  • Tax Year: 2022
  • Tax Amount: $167,708
  • Tax Rate Code Area: 07-075

    Appraisal Valuation

  • Standard Deviation: 0.128
  • Valuation Date: May 17, 2023
  • Confidence Score: 85
  • Final Value: 265,666
  • High Value: 299,680
  • Low Value: 231,653

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $28,800
  • Market Improvement Value: $231,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,590
  • Assessed Land Value: $1,950
  • Assessed Improvements Value: $15,640

    Sales

  • Current Sale Contract Date: Jan 21, 2022
  • Current Sale Recording Date: Jan 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6892
  • Previous Sale Recording Date: Dec 23, 2010
  • Previous Sale Contract Date: Dec 17, 2010
  • Previous Sale Amount: $54,000
  • 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 Welby

Stats & Trends

Median Asking:

$346,600

Sale Price/ft²

$266

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1353 ft²

Average Home Age

45.5 years

Currently For Sale

91 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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REcolorado

Listed by: Ryan Haas, RE/MAX Alliance
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 6460320
© 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 8420 Madison Way built and last sold?
The property at 8420 Madison Way was built in 1992 and last sold on Jan 21, 2022 for $260,000.
How much is this home worth?
The estimated value of the home located at 8420 Madison Way is $0.
What are some comparable homes to 8420 Madison Way?
There are currently no comparable homes to 8420 Madison Way.
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