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Boulder 80026
8724 Elgin Drive
$815,000
● House - Off Market

8724 Elgin Drive

Lafayette, CO 80026
bedrooms
3 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
2,632 Ft²
$1,070,533
RealtyHop Estimate
7.11%
Since Nov 1, 2021
CO-Denver
Primary Model

About This Property

Extraordinary, describes the location of this lovely ranch styled, custom built, one owner home with large windows in the living room to enjoy the rural  setting that surrounds this home.  Also provided is a horse pasture that will allow for two horses, extra pasture for chickens, etc.,  apple and peach trees and a 20x12 shop with an 8-1/2'x12' breezeway attached, plus plenty of land for gardening or recreating. Also included are Anderson wood dual paned windows,  brick siding, cedar closets in bedrooms. The gas/wood burning fireplace adorns the den/eating area. Roof replaced/2017, Septic replaced/2017, boiler replaced/2016.  (measurements are estimated)
Unit Size
2,632 Ft²
Days on Market
-
Land Size
1.53 acres
Price per sqft
$380
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1964

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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: 3 years ago (REcolorado MLS #RECIR948623)

Price History

Date / Event Date Event Price
Oct 19, 2021 Sold
Premium
Sold
Aug 15, 2021 Listed by Mary Rose Gutierrez $999,500
Listed by Mary Rose Gutierrez

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 3
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 986
  • Garage Type: 4
  • Garage Square Area: 816
  • Parking Space Count: 3
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 66,604
  • Total Building Area: 2,632
  • Gross Building Area: 2,632
  • Building Area: 1,646
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 1,646
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LARK MEADOWS - BOV
  • Land Acres: 0000001529
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 8 LARK MEADOWS

Neighborhood

  • School District Name: Boulder Valley School District RE-2
  • Census Tract: 013003

Zoning

  • Zoning: RR

Geography

  • Assessors Map Reference: B20-H
  • Account Number: R0036089
  • Parcel: R0036089
  • Lot: 8
  • Meridian: SEC 32 TWN 1N RNG 69
  • Municipality: LAFAYETTE
  • Latitude: 40.0022
  • Longitude: -105.149

    Address

  • Full Address: 8724 Elgin Dr
  • Address - House Number: 8724
  • Address - Street Name: Elgin
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Lafayette
  • Carrier Code: R008
  • 4-Digit Zip Code: 8918
  • Zip Code: 80026

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $535,706
  • Tax Rate Code Area: 00-202

    Appraisal Valuation

  • Standard Deviation: 0.1382
  • Valuation Date: May 17, 2023
  • Confidence Score: 83
  • Final Value: 964,799
  • High Value: 1,098,140
  • Low Value: 831,459

    Market Valuation

  • Market Total Value: $1,017,000
  • Market Land Value: $590,700
  • Market Improvement Value: $426,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,800
  • Assessed Land Value: $39,961
  • Assessed Improvements Value: $28,839

    Sales

  • Current Sale Contract Date: Oct 16, 2021
  • Current Sale Recording Date: Oct 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3921868
  • Previous Sale Recording Date: Oct 19, 1962
  • Previous Sale Contract Date: Oct 19, 1962
  • Previous Sale Document Type: 27
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 Boulder

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$376

Above Asking

0.00%

Average Days on Market

54

Average Home Size

2327 ft²

Average Home Age

37.8 years

Currently For Sale

2315 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 8724 Elgin Drive built and last sold?
The property at 8724 Elgin Drive was built in 1964 and last sold on Oct 16, 2021 for $815,000.
How much is this home worth?
The estimated value of the home located at 8724 Elgin Drive is $998,184.
What are some comparable homes to 8724 Elgin Drive?
There are currently no comparable homes to 8724 Elgin Drive.
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