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Welby 80229
8501 Franklin Dr
$390,000
● House - Off Market

8501 Franklin Dr

Denver, CO 80229
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,468 Ft²
$400,344
RealtyHop Estimate
8.20%
Since Sep 1, 2021
CO-Denver
Primary Model

About This Property

This cozy ranch style home is located on a quiet street with easy highway access, close to light rail, shopping, restaurants and more! Pristine single-story home highlighting multiple upgrades. Including a new water heater just replaced last year! Complete with Hunter Douglas shades on the entire main floor. The Hardwood and tile floors are a breeze to maintain on this spectacular home. A beautiful updated, spacious kitchen showcases stainless steel range, microwave, and french door refrigerator, butcher block counters, and under-mount sink. Living spaces are flooded with natural light. Outdoors is a covered patio ideal for outdoor living. Move in Ready. Click the Virtual Tour link to view the 3D walkthrough.
Unit Size
1,468 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$252
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1959

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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: 2 months ago (REcolorado MLS #IRE5703220)

Price History

Date / Event Date Event Price
Aug 24, 2021 Sold
Premium
Sold
Jul 19, 2021 Listed $370,000
Listed
May 3, 2016 Sold
Premium
Sold
Apr 6, 1998 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 816
  • Garage Type: 1
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,968
  • Gross Building Area: 1,968
  • Building Area: 1,468
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,468
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY VIEW HEIGHTS
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: SUB:CITY VIEW HEIGHTS SECOND FILING BLK:9 LOT:26

Neighborhood

  • School District Name: Northglenn-Thornton School District 12
  • School Tax School District: SD 12
  • Census Tract: 009001

Zoning

  • Zoning: R1C

Geography

  • Assessors Map Reference: 224-H
  • Account Number: R0056481
  • Parcel: R0056481
  • Block: 9
  • Lot: 26
  • Meridian: SEC 26 QTR 2 TWN 02S RNG 68W
  • Latitude: 39.851
  • Longitude: -104.97

    Address

  • Full Address: 8501 Franklin Dr
  • Address - House Number: 8501
  • Address - Street Name: Franklin
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Denver
  • Carrier Code: C006
  • 4-Digit Zip Code: 8213
  • Zip Code: 80229

Valuation

    Tax

  • Total Area: 1,632
  • Tax Year: 2022
  • Tax Amount: $262,694
  • Tax Rate Code Area: 16-160

    Appraisal Valuation

  • Standard Deviation: 0.1296
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 85
  • Final Value: 450,979
  • High Value: 509,444
  • Low Value: 392,513

    Market Valuation

  • Market Total Value: $438,000
  • Market Land Value: $81,000
  • Market Improvement Value: $357,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,630
  • Assessed Land Value: $5,480
  • Assessed Improvements Value: $24,150

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021000101128
  • Previous Sale Recording Date: May 03, 2016
  • Previous Sale Contract Date: Apr 29, 2016
  • Previous Sale Amount: $235,700
  • 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

58

Average Home Size

1344 ft²

Average Home Age

45.1 years

Currently For Sale

90 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

Click here to view more rentals in the neighborhood.
REcolorado

Listed by: Alexa Galindo,
Last Updated: 2 months ago
Data Source: REcolorado MLS, MLS# IRE5703220
© 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 8501 Franklin Drive built and last sold?
The property at 8501 Franklin Drive was built in 1959 and last sold on Aug 20, 2021 for $390,000.
How much is this home worth?
The estimated value of the home located at 8501 Franklin Drive is $377,348.
What are some comparable homes to 8501 Franklin Drive?
There are currently no comparable homes to 8501 Franklin Drive.
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