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Cascade-Chipita Park 80809
9040 Chipita Park Rd
$405,000
● House - Off Market

9040 Chipita Park Rd

Cascade, CO 80809
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,775 Ft²
$431,706
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Cozy and quiet mountain retreat minutes away from scenic Pikes Peak.  Recent updates include refinished hardwood floors, completely remodeled bathroom, new kitchen flooring and tile backsplash, new interior paint, new hot water heater and all new plumbing.  Bonus room on the main level can be used as a study/den or third bedroom.  Two gas fireplaces and beautiful woodwork throughout the home.  Fully fenced 3/4 acre yard and two storage sheds provide room for extra storage.  Enjoy your morning coffee and mountain views on the rear deck overlooking Chipita Park Lake.  Conveniently located near schools, Highway 24 and Manitou Springs.
Unit Size
1,775 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$200
Property Type
House
Property Taxes
$101
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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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: 7 months ago (REcolorado MLS #IRE9823656)

Price History

Date / Event Date Event Price
Apr 19, 2021 Sold
Premium
Sold
Feb 20, 2021 Listed $355,000
Listed
Jun 4, 2019 Sold
Premium
Sold
May 18, 2019 No longer available -
No longer available
Apr 11, 2019 Listed $310,000
Listed

Property Highlights

Garage
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 816
  • Garage Type: 1
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Total Building Area: 2,015
  • Gross Building Area: 2,047
  • Building Area: 1,775
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,775
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHIPITA PARK
  • Land Acres: 0000000750
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: TRACT IN NW4SW4 SEC 15-13-68 AS FOLS; BEG ON NLY LN CHIPITA PARK RD 75.30 FT SELY THEREON FROM INTSEC WITH SLY LN OF UNEDA RD EXTENDED, TH S 65<32 E ON NLY LN OF SD RD 200.0 FT, ANG L 90< NELY 163.6 FT TO SWLY R/W OF MIDLAND TERMINAL RAILWAY, ANG L 8

Neighborhood

  • School District Name: Manitou Springs School District 14
  • School Tax School District: HBD
  • Census Tract: 003402

Zoning

  • Zoning: R-T

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 83153-00-069
  • Meridian: SEC 15 TWN 13S RNG 68W
  • Municipality: MANITOU SPRINGS 14
  • Latitude: 38.9177
  • Longitude: -104.988

    Address

  • Full Address: 9040 Chipita Park Rd
  • Address - House Number: 9040
  • Address - Street Name: Chipita Park
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Cascade
  • Carrier Code: H080
  • 4-Digit Zip Code: 1425
  • Zip Code: 80809

Valuation

    Tax

  • Total Area: 1,775
  • Tax Year: 2022
  • Tax Amount: $184,757
  • Tax Rate Code Area: HBD

    Appraisal Valuation

  • Standard Deviation: 0.1214
  • Valuation Date: Mar 29, 2023
  • Confidence Score: 86
  • Final Value: 527,166
  • High Value: 591,196
  • Low Value: 463,136

    Market Valuation

  • Market Total Value: $344,699
  • Market Land Value: $68,800
  • Market Improvement Value: $275,899

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,950
  • Assessed Land Value: $4,780
  • Assessed Improvements Value: $19,170

    Sales

  • Current Sale Contract Date: Feb 26, 2021
  • Current Sale Recording Date: Apr 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 221077614
  • Previous Sale Recording Date: Jun 04, 2019
  • Previous Sale Contract Date: May 15, 2019
  • Previous Sale Amount: $285,000
  • 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 Cascade-Chipita Park

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$368

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1807 ft²

Average Home Age

70.1 years

Currently For Sale

10 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: Kylie Rupert,
Last Updated: 7 months ago
Data Source: REcolorado MLS, MLS# IRE9823656
© 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 9040 Chipita Park Road built and last sold?
The property at 9040 Chipita Park Road was built in 1957 and last sold on Feb 26, 2021 for $405,000.
How much is this home worth?
The estimated value of the home located at 9040 Chipita Park Road is $0.
What are some comparable homes to 9040 Chipita Park Road?
There are currently no comparable homes to 9040 Chipita Park Road.
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