NOT LISTED FOR SALE

1586 Lake Point Way Severance, CO 80550

Estimated Value: $487,000 - $619,000

3 Beds
2 Baths
2,926 Sq Ft
$185/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $441,400 $151 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,311/month

137 Days on Market

Highlights

  • Under Construction
  • Open Floorplan
  • Wood Flooring
  • City View
  • Contemporary Architecture
  • No HOA

About This Home

As of June 2021

TO BE BUILT ON A VERY SPACIOUS LOT WHICH BACKS UP TO OPEN SPACE. Premier finishes in the base price include: ebonized solid white oak hardwood flooring in the kitchen and dining area. Stainless steel five burner gas range, knotty alder cabinets, granite countertops. Solid slap granite island and wood flooring on main except for bedrooms and bathrooms. In the living room the natural stone surround gas fireplace is the centerpiece. The master suite includes a too the ceiling tiled 5' shower, granite counters for the double sinks and a walk in closet. 96% efficient furnace, central air, and front yard landscaping complete this stunning home. Basement finish available at additional cost

Last Agent to Sell the Property

Fran Burns

Realty One Group Fourpoints Listed on: 10/03/2020

Realty One Group Fourpoints

Last Buyer's Agent

Morgan Phillips

RE/MAX Alliance-Greeley

RE/MAX Alliance-Greeley

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,277

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 9,400 Sq Ft Lot
  • Open Space
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof
  • Stone

Interior Spaces

  • 2,926 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Dining Room
  • City Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Range View Elementary School
  • Severance Middle School
  • Severance High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Built by 2 Valley Builders
  • Severance Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number R8958768

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,277

Year Built

Built in 2021 | Under Construction

Lot Details

0

Parking

3

Listing Details

  • Year Built: 2021
  • Property Sub Type: Residential-Detached
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 0.22
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Severance Shores
  • Above Grade Finished Sq Ft: 1469
  • Architectural Style: Contemporary/Modern, Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: Yes
  • Building Stories: 1
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2926
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Gas Range/Oven, Dishwasher, Microwave, Disposal
  • Has Basement: Full
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1457
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Interior Amenities: Separate Dining Room, Open Floorplan, Pantry, Walk-In Closet(s)
  • Living Area: 1469
  • Room Bedroom3 Features: Carpet
  • Dining Room Features: Wood Floor
  • IRESDS_HasFamilyRoom: No
  • Living Room Living Room Level: Main
  • Room Bedroom3 Area: 110
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Area: 121
  • Room Bedroom3 Level: Main
  • Master Bedroom Master Bedroom Width: 13
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Carpet
  • Master Bedroom Features: Carpet
  • Room Kitchen Features: Wood Floor
  • Room Living Room Area: 260
  • Living Room Features: Carpet
  • Room Kitchen Area: 121
  • Dining Room Dining Room Level: Main
  • Room Master Bedroom Area: 182
  • Room Dining Room Area: 110
  • Master Bathroom Features: 3/4 Primary Bath
  • ResoLivingAreaSource: Plans

Exterior Features

  • Roof: Composition
  • Builder Name: 2 Valley Builders
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Abuts Public Open Space
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame, Stone
  • Exterior Features: Lighting
  • Patio And Porch Features: Patio
  • Property Condition: Under Construction

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: Garage Door Opener
  • IRESDS_Garage Sq Ft: 787
  • IRESDS_GarageType: Attached

Utilities

  • Cooling: Central Air
  • Electric: Electric, PVREA
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups, Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, town of Severance
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Range View
  • HighSchool: Severance High School
  • Junior High Dist: Weld RE-4
  • Middle Or Junior School: Severance

Lot Info

  • Zoning: R
  • Lot Size Sq Ft: 9400
  • Parcel #: R8958768
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 99

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2025
Sold by
Kwl Trust and Trust For Katherine W Lawrence
Bought by
Lawrence David F and Lawrence Sara Ann
Current Estimated Value
$541,443

Purchase Details

Listed on
Oct 3, 2020
Closed on
Jun 28, 2021
Sold by
2 Valley Builders Inc
Bought by
Margheim Terry
Seller's Agent
Fran Burns
Realty One Group Fourpoints
Buyer's Agent
Morgan Phillips
RE/MAX Alliance-Greeley
List Price
$407,500
Sold Price
$441,400
Premium/Discount to List
$33,900
8.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.91%
Original Mortgage
$397,260
Interest Rate
2.9%
Mortgage Type
VA
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lawrence David F -- None Listed On Document
Margheim Terry $441,400 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Margheim Terry $397,260
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Off Market $441,400 -- --
06/28/2021 06/28/21 Sold $441,400 +1.7% $151 / Sq Ft
02/13/2021 02/13/21 Price Changed $433,900 +2.6% $148 / Sq Ft
01/18/2021 01/18/21 Price Changed $423,000 +1.1% $145 / Sq Ft
11/19/2020 11/19/20 Price Changed $418,500 +1.2% $143 / Sq Ft
11/19/2020 11/19/20 Price Changed $413,500 +1.5% $141 / Sq Ft
10/03/2020 10/03/20 For Sale $407,500 -- $139 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,277 $32,740 $6,380 $26,360
2024 $5,277 $32,740 $6,380 $26,360
2023 $5,036 $34,810 $8,730 $26,080
2022 $4,892 $29,330 $5,910 $23,420
2021 $3,420 $22,010 $22,010 $0
2020 $779 $5,070 $5,070 $0
2019 $99 $650 $650 $0
Source: Public Records

Agents Affiliated with this Home

  • Fran Burns

    Seller's Agent in 2021

    Fran Burns

    Realty One Group Fourpoints

    (970) 396-1516

    7 in this area

    86 Total Sales

    Fran Burns
    Section Image
  • Morgan Phillips

    Buyer's Agent in 2021

    Morgan Phillips

    RE/MAX

    (303) 565-9536

    3 in this area

    60 Total Sales

    Morgan Phillips
    Section Image
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Map

Source: IRES MLS

MLS Number: 925749

IRES MLS

APN: R8958768

Colorado Weld County Severance 80550

1586 Lake Point Way, Severance, CO

This home is located at 1586 Lake Point Way, Severance, CO 80550 since 03 October 2020 and is currently estimated at $541,443, approximately $185 per square foot. This property was built in 2021. 1586 Lake Point Way is a home located in Weld County with nearby schools including Range View Elementary School, Severance Middle School, and Windsor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS 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.

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