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$115,000
● Land - Off Market

Morrison, CO
bedrooms
Studio
bathrooms
0 Bath
$118,333
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Low maintenance lot for the rock gardener. Don't miss the opportunity to purchase 10+ acres adjacent to Turkey Creek Park. Zoned A-2 for enormous development flexibility. This beautiful mountain lot is heavily encased with pine trees, there's a trickling creek, sloping in areas yet completely private and serene with all the nature one could imagine. From this location it's easy access to 285 & E470 which makes for a short commute either up to the world class ski resorts or to Morrison, Evergreen, Golden, Denver, DTC. Enjoy concerts & hiking at Red Rocks. Dine in quaint restaurants in the Town of Morrison. With a shopping center, 4 Open Space Parks and a State Park, an Elementary, Middle, and High School all close by this makes for a perfect place to call home. Come see all this property has to offer.
Unit Size
-
Days on Market
-
Land Size
10.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
$651
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 #989499)

Price History

Date / Event Date Event Price
Aug 30, 2023 Sold
Premium
Sold
Jun 8, 2023 Listed by Berkshire Hathaway-FTC $119,000
Listed by Berkshire Hathaway-FTC

Property Highlights

Exterior Details
Building Area Units: Square Feet
Lot Features: Steep Slope, Rock Outcropping
Lot Size Area: 455638
Lot Size Units: Square Feet
Lot Size Acres: 10.46
Lot Size Square Feet: 455638
Water Source: No Water/Sewer, N/A
Financial Details
Tax Annual Amount: $7,813
Utilities Details
Sewer : No Water/Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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IRES

Listed by: TR Smith, Berkshire Hathaway-FTC
Last Updated: 3 years ago
Data Source: IRES MLS, MLS# 989499
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.
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