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Erie 80516
871 Sumner Way
$678,500
● House - Off Market

871 Sumner Way

Erie, CO 80516
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,030 Ft²
$666,072
RealtyHop Estimate
-1.83%
Since May 1, 2023
CO-Denver
Primary Model

About This Property

871 Sumner Way will charm you from the welcoming front porch to the spacious gathering space on the back patio. Fresh interior paint and new LVP flooring throughout the main level make this special home move-in ready! Featuring an expanded family room and owner's suite this home was upgraded from the very start.  With a huge kitchen island,  granite countertops, stainless steel appliances, and ample storage you will be proud to call this your home.  Upstairs you will find 3 bedrooms, loft, laundry and additional storage space. The owner's entry off the garage includes a very practical office nook. The unfinished basement gives you flexibility for the future.   Located in the popular town of Erie this home is a great place for your new Colorado home!
Unit Size
2,030 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$334
Property Type
House
Property Taxes
$358
HOA Dues
$75
Year Built
2014

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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 #RECIR984352)

Price History

Date / Event Date Event Price
May 1, 2023 Sold
Premium
Sold
Mar 29, 2023 Listed by Berkshire Hathaway-Boulder $678,500
Listed by Berkshire Hathaway-Boulder
Jun 16, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 5
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 868
  • Garage Type: 1
  • Garage Square Area: 408
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,372
  • Total Building Area: 3,306
  • Gross Building Area: 3,306
  • Building Area: 2,030
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,030
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNWEST NORTH
  • Land Acres: 0000000146
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 11 BLK 3 SUNWEST NORTH

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 012802

Geography

  • Account Number: R0512270
  • Parcel: R0512270
  • Block: 3
  • Lot: 11
  • Meridian: SEC 24 TWN 1N RNG 69
  • Municipality: ERIE
  • Latitude: 40.042
  • Longitude: -105.061

    Address

  • Full Address: 871 Sumner Way
  • Address - House Number: 871
  • Address - Street Name: Sumner
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Erie
  • Carrier Code: R005
  • 4-Digit Zip Code: 6866
  • Zip Code: 80516

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $422,018
  • Tax Rate Code Area: 00-392

    Appraisal Valuation

  • Standard Deviation: 0.188
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 75
  • Final Value: 679,449
  • High Value: 807,220
  • Low Value: 551,677

    Market Valuation

  • Market Total Value: $707,700
  • Market Land Value: $209,500
  • Market Improvement Value: $498,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,876
  • Assessed Land Value: $14,173
  • Assessed Improvements Value: $33,703

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: May 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4005689
  • Previous Sale Recording Date: Jun 16, 2015
  • Previous Sale Contract Date: Jun 05, 2015
  • Previous Sale Amount: $415,000
  • 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 Erie

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2619 ft²

Average Home Age

12.4 years

Currently For Sale

334 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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Frequently Asked Questions

When was property at 871 Sumner Way built and last sold?
The property at 871 Sumner Way was built in 2014 and last sold on Apr 28, 2023 for $678,500.
How much is this home worth?
The estimated value of the home located at 871 Sumner Way is $0.
What are some comparable homes to 871 Sumner Way?
There are currently no comparable homes to 871 Sumner Way.
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