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Erie 80516
91 Summit Way
$835,000
● House - Off Market

91 Summit Way

Erie, CO 80516
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,730 Ft²
$753,285
RealtyHop Estimate
-5.60%
Since Apr 1, 2022
CO-Denver
Primary Model

About This Property

Erie Highlands - beautiful Oakwood (Riviera model) Home.  Over 3700 finished sq. ft. w/4 beds, main floor office, loft, 4 baths & oversized 2 car garage. Prof finished basement features a large great room, workout space, bedroom, bath & lrg storage room. Open & bright kitchen w/slab granite counters, gas range/double oven. Features: wood flrs. upgraded tile, solid surface counters & wood blinds. Colorado outdoor living w/covered patio & outdoor kitchen!  Large family room with fireplace.  Two furnaces, AC. Neighborhood park w/pool & clubhouse!
Unit Size
3,730 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$214
Property Type
House
Property Taxes
$516
HOA Dues
-
Year Built
2017

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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 #RECIR959397)

Price History

Date / Event Date Event Price
Mar 16, 2022 Sold
Premium
Sold
Feb 21, 2022 Listed by Coldwell Banker Realty-Lgmt $798,000
Listed by Coldwell Banker Realty-Lgmt
Feb 22, 2018 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 18
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,479
  • Garage Type: 1
  • Garage Square Area: 450
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,682
  • Total Building Area: 4,559
  • Gross Building Area: 4,559
  • Building Area: 3,616
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,616
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ERIE HIGHLANDS FG# 1
  • Land Acres: 0000000153
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: LOT 14 BLOCK 7 ERIE HIGHLANDS FG#1

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 002009

Geography

  • Account Number: R8940339
  • Parcel: R8940339
  • Block: 7
  • Lot: 14
  • Latitude: 40.042
  • Longitude: -105.033

    Address

  • Full Address: 91 Summit Way
  • Address - House Number: 91
  • Address - Street Name: Summit
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Erie
  • Carrier Code: R013
  • 4-Digit Zip Code: 2640
  • Zip Code: 80516

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $722,566
  • Tax Rate Code Area: 5276

    Appraisal Valuation

  • Standard Deviation: 0.1575
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 858,307
  • High Value: 993,556
  • Low Value: 723,058

    Market Valuation

  • Market Total Value: $757,331
  • Market Land Value: $132,000
  • Market Improvement Value: $625,331

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,740
  • Assessed Land Value: $8,840
  • Assessed Improvements Value: $41,900

    Sales

  • Current Sale Contract Date: Mar 15, 2022
  • Current Sale Recording Date: Mar 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4810392
  • Previous Sale Recording Date: Feb 23, 2022
  • Previous Sale Contract Date: Feb 22, 2022
  • Previous Sale Amount: $6,958,100
  • 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

2626 ft²

Average Home Age

12.1 years

Currently For Sale

347 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 91 Summit Way built and last sold?
The property at 91 Summit Way was built in 2017 and last sold on Mar 15, 2022 for $835,000.
How much is this home worth?
The estimated value of the home located at 91 Summit Way is $0.
What are some comparable homes to 91 Summit Way?
There are currently no comparable homes to 91 Summit Way.
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