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Severance 80550
93 Pike Ln
$460,000
● House - Off Market

93 Pike Ln

Severance, CO 80550
bedrooms
2 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,799 Ft²
$2,507
Est. Monthly
$18
HOA / Fees
5.43%
Cap Rate

About This Property

Come see this outstanding home in Timber Ridge! This property is well located and an easy walk to Summit View Park, Blue Spruce Park for fishing, the brand-new Severance library, Shebrews Coffee, and Range View Elementary School. NO METRO DISTRICT saves you tons of money each year on property tax. Work from home in the upstairs loft area, or perhaps convert it to an additional bedroom. The unfinished basement is already framed out for cost savings when you decide to expand. Schedule your showing and come see this one in person!
Unit Size
1,799 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$256
Property Type
House
Property Taxes
$230
HOA Dues
$18
Year Built
2005

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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: 2 years ago (IRES MLS #1021153)

Price History

Date / Event Date Event Price
Dec 19, 2024 Sold
Premium
Sold
Nov 5, 2024 Price Decreased $460,000
↓ $15K (3.2%)
Price Decreased
Oct 23, 2024 Listed by Grimes Real Estate $475,000
Listed by Grimes Real Estate
Jun 4, 2021 Sold
Premium
Sold
Apr 30, 2021 Listed by Grimes Real Estate $375,000
Listed by Grimes Real Estate
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 40
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 936
  • Garage Type: 1
  • Garage Square Area: 735
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,560
  • Total Building Area: 3,485
  • Gross Building Area: 3,485
  • Building Area: 1,814
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,814
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMIT VIEW SUB 2ND FG
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SEV 2SV L28 BLK2 SUMMIT VIEW 2ND FG

Neighborhood

  • School District Name: Windsor School District RE-4
  • Census Tract: 002208

Geography

  • Account Number: R2554103
  • Parcel: R2554103
  • Block: 2
  • Lot: 28
  • Latitude: 40.5222
  • Longitude: -104.868

    Address

  • Full Address: 93 Pike Ln
  • Address - House Number: 93
  • Address - Street Name: Pike
  • Address - Suffix Type: Ln
  • State: CO
  • City Name: Severance
  • Carrier Code: R019
  • 4-Digit Zip Code: 2644
  • Zip Code: 80550

Valuation

    Tax

  • Total Area: 2,750
  • Tax Year: 2023
  • Tax Amount: $243,614
  • Tax Rate Code Area: 0434

    Appraisal Valuation

  • Standard Deviation: 0.1349
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 491,541
  • High Value: 557,857
  • Low Value: 425,225

    Market Valuation

  • Market Total Value: $465,445
  • Market Land Value: $87,000
  • Market Improvement Value: $378,445

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,190
  • Assessed Land Value: $5,830
  • Assessed Improvements Value: $25,360

    Sales

  • Current Sale Contract Date: May 27, 2021
  • Current Sale Recording Date: Jun 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 4722163
  • Previous Sale Recording Date: Jul 21, 2005
  • Previous Sale Contract Date: Jul 08, 2005
  • Previous Sale Amount: $41,000
  • 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 Severance

Stats & Trends

Median Asking:

$524,950

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

60

Average Home Size

2532 ft²

Average Home Age

9.2 years

Currently For Sale

119 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

Rentals Near You

Click here to view more rentals in the neighborhood.
IRES

Listed by: Jared Grimes, Grimes Real Estate
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1021153
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.

Frequently Asked Questions

When was property at 93 Pike Lane built and last sold?
The property at 93 Pike Lane was built in 2005 and last sold on May 27, 2021 for $437,500.
How much is this home worth?
The estimated value of the home located at 93 Pike Lane is $0.
What are some comparable homes to 93 Pike Lane?
There are currently no comparable homes to 93 Pike Lane.
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