845 County Road 6234b
About This Property
Legacy Park Ranch is located outside of Granby on the Granby Mesa. It was previously a cattle ranch that now spans 1,800 acres. Join the roughly 100 owners that recreate year-round on the 1,300 acres of private open space which includes its own network of hiking, biking, snowshoeing, cross-country skiing, and equestrian trails.
A sportsman's and nature lover's paradise. In addition to the 1,300 acres of private open space, the neighborhood is adjacent to thousands of acres of undeveloped land -- BLM, private conservation easements, a conservation focused private ranch. Abundant wildlife including pronghorn antelope, elk, moose, deer, fox, mountain lion and bear. Homeowners enjoy private access through neighborhood open space to BLM. The neighborhood also has stables, a stocked private trout pond and is very close to the Colorado River.
Legacy Park Ranch has a rich history dating back to the late 1800's. There are a number of historic structures across the neighborhood's private open space including the Town of Selak which was home to a frontier stagecoach stop, general store and post office. The Town of Selak was recently added to the Colorado State Register of Historic Properties.
This unique 11+ acre parcel is very private. It is adjacent to both BLM and a 300+ acre section of the neighborhood's private open space. It is both well-wooded and offers great views in many directions including Gravel Mountain and into Rocky Mountain National Park. It has unique natural features including a large rock wall with abundant aspens, wildflowers galore, and lodge pole pines. Unique opportunity to buy both lots 23 & 24 together for almost 17 acres!
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2023 | Sold | ||
| Sold | |||
| Jun 7, 2023 | Listed by Your Castle Real Estate Inc | $330,000 | |
| Listed by Your Castle Real Estate Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017