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Boulder 80540
948 Spruce Dr
$500,000
● Land - Off Market

948 Spruce Dr

Lyons, CO 80540
bedrooms
Studio
bathrooms
0 Bath
$511,666
RealtyHop Estimate
-2.35%
Since Aug 1, 2023
CO-Denver
Primary Model

About This Property

Spectacular 64 acre private paradise with stunning back range views and easy access just minutes from the town of Lyons adjacent to National Forest land! Heavily forested with pine and aspen groves, along with two gorgeous wildflower -filled mountain meadows. Abundant southern exposure for your solar projects, and plenty of usable terrain. Former Boy Scout camp; Numerous rock outcroppings; Hike or bike right from your front door!
Unit Size
-
Days on Market
-
Land Size
63.92 acres
Price per sqft
-
Property Type
Land
Property Taxes
$806
HOA Dues
-
Year Built
-

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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 #985280)

Price History

Date / Event Date Event Price
Jul 17, 2023 Sold
Premium
Sold
Apr 12, 2023 Listed by Gateway Realty Group $524,000
Listed by Gateway Realty Group

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,784,489
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: TR, NBR 961 ST VRAIN AREA
  • Land Acres: 0000063923
  • Standard Land Use Code: 8000
  • County Land Use Code: 0550
  • Legal Description 1: PT NE 1/4 SE 1/4 & PT E 1/2 NW 1/4 SE 1/4& PT E 1/2 SE 1/4 SE 1/4 35-3N-72PER REC # 3676694 9/18/2018TOTAL 64 ACS M/L

Neighborhood

  • School District Name: St. Vrain Valley School District RE 1J
  • Census Tract: 013602

Geography

  • Account Number: R0610539
  • Parcel: R0610539
  • Meridian: SEC 35 TWN 3N RNG 72
  • Latitude: 40.1762
  • Longitude: -105.412

    Address

  • Full Address: 948 Spruce Dr
  • Address - House Number: 948
  • Address - Street Name: Spruce
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Lyons
  • Carrier Code: H060
  • 4-Digit Zip Code: 8855
  • Zip Code: 80540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $967,440
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 00-810

    Market Valuation

  • Market Total Value: $303,518
  • Market Land Value: $303,518

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $84,682
  • Assessed Land Value: $84,682

    Sales

  • Current Sale Contract Date: Jun 14, 2023
  • Current Sale Recording Date: Jun 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4011499
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

55

Average Home Size

2327 ft²

Average Home Age

37.8 years

Currently For Sale

2317 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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IRES

Listed by: Dan Siddall, Gateway Realty Group
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 985280
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 948 Spruce Drive built and last sold?
The property at 948 Spruce Drive was built in and last sold on Jun 14, 2023 for $2,125,000.
How much is this home worth?
The estimated value of the home located at 948 Spruce Drive is $529,240.
What are some comparable homes to 948 Spruce Drive?
There are currently no comparable homes to 948 Spruce Drive.
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