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Twin Lakes 81251
85 Hemlock Drive
$42,000
● Land - Off Market

85 Hemlock Drive

Twin Lakes, CO 80461
bedrooms
Studio
bathrooms
0 Bath
$44,719
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

This beautiful Twin Lakes lot is on 0.3 acres featuring mature, tall pine trees that offer privacy, natural clearings and a level lot for your build site. An electric pole is located at the back of the property for easy connection. When you drive down Hemlock, you will enjoy big mountain views of Mount Elbert! Snow is melting in the high country so now is a great time to walk this stunning lot. Roads are maintained and snowplowed during the winter months. Amazing location with a short drive to lakes access for year-around fun including boating, fishing, hiking, biking and the list goes on. Only a 15 minute drive to the historic town of Leadville and 45 minutes over the seasonal pass to Aspen. Call today to learn more about this desirable mountain property!
Unit Size
-
Days on Market
-
Land Size
0.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$23
HOA Dues
-
Year Built
-

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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 #REC4786851)

Price History

Date / Event Date Event Price
Sep 12, 2023 Sold
Premium
Sold
Apr 28, 2023 Sold
Premium
Sold
Apr 27, 2023 Listed by Worth Clark Realty $45,000
Listed by Worth Clark Realty
Jun 22, 2018 Sold
Premium
Sold
Apr 30, 1998 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: MT ELBERT PLAMOR RANCH 1-C
  • Land Acres: 0000000300
  • Standard Land Use Code: 8001
  • County Land Use Code: 100
  • Legal Description 1: LT. 428 TWIN LAKES ADD. 1C MT. ELBERT PLAMOR RANCH

Neighborhood

  • School District Name: Lake County School District R-1
  • Census Tract: 961900

Geography

  • Account Number: R003956
  • Parcel: 290109001156
  • Lot: 428
  • Municipality: LAKE COUNTY
  • Latitude: 39.108
  • Longitude: -106.332

    Address

  • Full Address: 85 Hemlock Dr
  • Address - House Number: 85
  • Address - Street Name: Hemlock
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Twin Lakes
  • Zip Code: 81251

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $67,240
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 189

    Market Valuation

  • Market Total Value: $9,300
  • Market Land Value: $9,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,697
  • Assessed Land Value: $2,697

    Sales

  • Current Sale Contract Date: Sep 06, 2023
  • Current Sale Recording Date: Sep 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 387761
  • Previous Sale Recording Date: Apr 28, 2023
  • Previous Sale Contract Date: Apr 25, 2023
  • Previous Sale Amount: $30,000
  • 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 Twin Lakes

Stats & Trends

Median Asking:

$822,000

Sale Price/ft²

$437

Below Asking

0.03%

Average Days on Market

114

Average Home Size

2030 ft²

Average Home Age

17.8 years

Currently For Sale

20 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

Rentals Near You

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Frequently Asked Questions

When was property at 85 Hemlock Drive built and last sold?
The property at 85 Hemlock Drive was built in and last sold on Sep 6, 2023 for $42,000.
How much is this home worth?
The estimated value of the home located at 85 Hemlock Drive is $0.
What are some comparable homes to 85 Hemlock Drive?
There are currently no comparable homes to 85 Hemlock Drive.
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