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Poncha Springs 81242
862 Hoover Cir
$644,000
● House - Off Market

862 Hoover Cir

Poncha Springs, CO 81242
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$3,282
Est. Monthly
$21
HOA / Fees

About This Property

Beautiful custom Amish built home on large 1/4 acre lot with oversized 3 car garage. Enjoy unobstructed views of the Collegiate Peaks from this 3 bed 2 bath home. Vaulted ceiling in the dinning, living and kitchen areas, quartz countertops, stainless appliances and maintenance free stucco exterior. Walking distance from parks, grocery store and restaurants. 15 minutes to Monarch Mountain Ski Area or Historic Downtown Salida! Scheduled completion by mid December.  Accessory dwelling units allowed.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$411
Property Type
House
Property Taxes
$32
HOA Dues
$21
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 months ago (REcolorado MLS #IRE6881442)

Price History

Date / Event Date Event Price
Dec 11, 2023 Sold
Premium
Sold
Oct 16, 2023 Listed $657,500
Listed
Jun 8, 2023 Sold
Premium
Sold
Mar 24, 2023 Listed $136,900
Listed

Property Highlights

Garage

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: 12,760
  • Lot Size Frontage Feet: 0
  • 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: QUARRY STATION
  • Land Acres: 0000000293
  • Standard Land Use Code: 8000
  • Legal Description 1: LOT 37 QUARRY STATION FILING 3

Neighborhood

  • School District Name: Salida School District R-32
  • Census Tract: 000300

Geography

  • Parcel: R380509100211
  • Lot: 37
  • Meridian: SEC 9 TWN 49N RNG 8E
  • Latitude: 38.5182
  • Longitude: -106.084

    Address

  • Full Address: 862 Hoover Cir
  • Address - House Number: 862
  • Address - Street Name: Hoover
  • Address - Suffix Type: Cir
  • State: CO
  • City Name: Poncha Springs
  • Zip Code: 81242

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,599
  • Tax Rate Code Area: 08

    Market Valuation

  • Market Total Value: $24,657
  • Market Land Value: $24,657

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,150
  • Assessed Land Value: $7,150

    Sales

  • Current Sale Contract Date: Dec 08, 2023
  • Current Sale Recording Date: Dec 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 490842
  • Previous Sale Recording Date: Jun 08, 2023
  • Previous Sale Contract Date: Jun 07, 2023
  • Previous Sale Amount: $136,900
  • 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 Poncha Springs

Stats & Trends

Median Asking:

$790,000

Sale Price/ft²

$377

Below Asking

0.02%

Average Days on Market

83

Average Home Size

1858 ft²

Average Home Age

7.8 years

Currently For Sale

26 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: David Martin,
Last Updated: 3 months ago
Data Source: REcolorado MLS, MLS# IRE6881442
© 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 862 Hoover Circle built and last sold?
The property at 862 Hoover Circle was built in and last sold on Dec 8, 2023 for $644,000.
How much is this home worth?
The estimated value of the home located at 862 Hoover Circle is $662,024.
What are some comparable homes to 862 Hoover Circle?
There are currently no comparable homes to 862 Hoover Circle.
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