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Severance 80550
940 Milner Pass Rd
$455,000
● House - Off Market

940 Milner Pass Rd

Severance, CO 80550
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,712 Ft²
$449,936
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Seller is offering to pay 3% of listed price for Buyer Interest Rate Buy-down, Loan Closing Costs, &/or Prepaids!!! The New Jersey is a two-story with 3 bedrooms, 2-1/2 baths, has 1712 finished square feet with a 577 Sq.Ft. unfinished basement. The main floor boasts an open & inviting Great Room, Kitchen and Dining Room. Upstairs, the Primary Suite is size able and has an expansive walk-in closet. There is a practical wall to wall folding counter in the Laundry. A covered Front Porch & Back Patio make this a very inviting home. The tandem garage is a huge plus for extra storage.
Unit Size
1,712 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$263
Property Type
House
Property Taxes
-
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 (IRES MLS #997660)

Price History

Date / Event Date Event Price
Nov 29, 2023 Sold
Premium
Sold
Oct 6, 2023 Listed by Mtn Vista Real Estate Co., LLC $449,936
Listed by Mtn Vista Real Estate Co., LLC
Oct 5, 2020 Sold
Premium
Sold
Mar 19, 2018 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,237
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 3,441
  • Gross Building Area: 3,441
  • Building Area: 1,698
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,698
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OVERLOOK FG # 1
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: LOT 16 BLOCK 3 OVERLOOK FG #1

Neighborhood

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

Geography

  • Account Number: R8949384
  • Parcel: R8949384
  • Block: 3
  • Lot: 16
  • Latitude: 40.5104
  • Longitude: -104.863

    Address

  • Full Address: 940 Mt Andrew Dr
  • Address - House Number: 940
  • Address - Street Name: Mt Andrew
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Severance
  • Carrier Code: R014
  • 4-Digit Zip Code: 4865
  • Zip Code: 80550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $455,712
  • Tax Rate Code Area: 5666

    Appraisal Valuation

  • Standard Deviation: 0.1386
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 83
  • Final Value: 474,332
  • High Value: 540,085
  • Low Value: 408,579

    Market Valuation

  • Market Total Value: $469,519
  • Market Land Value: $105,000
  • Market Improvement Value: $364,519

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,460
  • Assessed Land Value: $7,040
  • Assessed Improvements Value: $24,420

    Sales

  • Current Sale Contract Date: Sep 29, 2020
  • Current Sale Recording Date: Oct 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4636861
  • Previous Sale Recording Date: Mar 19, 2018
  • Previous Sale Contract Date: Mar 16, 2018
  • Previous Sale Amount: $305,757
  • 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 Severance

Stats & Trends

Median Asking:

$520,000

Sale Price/ft²

$250

Below Asking

0.02%

Average Days on Market

62

Average Home Size

2554 ft²

Average Home Age

9.2 years

Currently For Sale

111 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

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IRES

Listed by: Karl Tarango, Mtn Vista Real Estate Co., LLC
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 997660
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 940 Milner Pass Road built and last sold?
The property at 940 Milner Pass Road was built in 2017 and last sold on Sep 29, 2020 for $348,500.
How much is this home worth?
The estimated value of the home located at 940 Milner Pass Road is $0.
What are some comparable homes to 940 Milner Pass Road?
There are currently no comparable homes to 940 Milner Pass Road.
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