NOT LISTED FOR SALE

2510 U S 34 Drake, CO 80515

6 Beds
6 Baths
3,156 Sq Ft
0.38 Acres

Last Sold November 17, 2022

Last sale price $800,000 $253 Per Sq Ft

204 Days on Market

Highlights

  • Spa
  • Open Floorplan
  • Cathedral Ceiling
  • Waterfront
  • Deck
  • Wood Flooring

About This Home

As of November 2022

Successful short term cottage rental on the Big Thompson River. Six cottages sitting on 375 feet of river frontage. Interiors updated to a rustic cottage decor This is a turn key opportunity that includes all neccasary furnishings to continue the operation. Each Cottage boasts a private river side Deck, with all the amenities you need on a mountain getaway.

Last Agent to Sell the Property

Ryan Leahy

RE/MAX Mountain Brokers Listed on: 12/24/2021

Last Buyer's Agent

Ryan Leahy

RE/MAX Mountain Brokers Listed on: 12/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,565

Year Built

  • Built in 1940

Lot Details

  • 0.38 Acre Lot
  • Waterfront
  • Level Lot

Parking

  • Driveway Level

Home Design

  • Duplex
  • Cottage
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,156 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Window Treatments
  • Wood Flooring
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms
  • Primary bathroom on main floor

Basement

  • Walk-Out Basement
  • Partial Basement
  • Crawl Space

Accessible Home Design

  • No Interior Steps
  • Low Pile Carpeting

Outdoor Features

  • Spa
  • Access to stream, creek or river
  • Balcony
  • Deck
  • Patio
  • Outdoor Storage
  • Outdoor Gas Grill

Schools

  • Estes Park Elementary School
  • Estes Park Middle School
  • Estes Park High School

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Wall Furnace
  • Baseboard Heating
  • Propane
  • Septic System
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number R0553808

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Hwy 34 Subdivision

Building Details

  • Gross Income $98,000
  • Net Operating Income $73,435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,565

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.38
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Hwy 34
  • Directions: Head East out of Estes Park on Hwy 34 aproximatly 2 miles. Wendy's Cottages is located in the South (right) side of the road.
  • Architectural Style: Cottage/Bung, Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3156
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Commercial
  • Spa Features: Private
  • Private Spa: Yes
  • Appliances: Gas Range/Oven, Self Cleaning Oven, Refrigerator, Microwave, All Appliances
  • Accessibility Features: Level Lot, Level Drive, Low Carpet, No Stairs, Main Floor Bath, Main Level Bedroom
  • Has Basement: Partial, Crawl Space, Walk-Out Access
  • Total Bedrooms: 6
  • Entry Location: Outside Entry
  • Flooring: Wood Floors
  • Interior Amenities: Satellite Avail, High Speed Internet, Eat-in Kitchen, Cathedral/Vaulted Ceilings, Open Floorplan, Outside Entry
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • View: Water
  • Waterfront Features: Abuts Stream/Creek/River
  • Waterfront: Yes
  • Construction Type: Wood/Frame
  • Exterior Features: Gas Grill, Balcony
  • Other Structures: Storage
  • Patio And Porch Features: Patio, Deck
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric
  • Heating: Forced Air, Baseboard, 2 or more Heat Sources, Individual Heat Source, Wall Furnace
  • Utilities: Electricity Available, Propane, Cable Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic
  • Water Source: Well, Well Water

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Estes Park,Estes Park
  • HighSchool: Estes Park
  • Junior High Dist: Estes Park District
  • Middle Or Junior School: Estes Park

Lot Info

  • Zoning: Open
  • Lot Size Sq Ft: 16553
  • Parcel #: R0553808
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1565.41

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 98000
  • Income Includes: ["Lease/Rents"]

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2022 11/17/22 Sold $800,000 -38.2% $253 / Sq Ft
06/30/2022 06/30/22 Price Changed $1,295,000 -13.7% $410 / Sq Ft
12/24/2021 12/24/21 For Sale $1,500,000 -- $475 / 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 $3,343 $50,485 $14,405 $36,080
2024 $3,305 $50,485 $14,405 $36,080
2022 $1,419 $19,040 $5,440 $13,600
2021 $1,489 $20,020 $5,720 $14,300
2020 $1,565 $20,735 $5,720 $15,015
2019 $1,554 $20,735 $5,720 $15,015
2018 $1,615 $20,880 $5,760 $15,120
2017 $1,624 $20,880 $5,760 $15,120
2016 $1,703 $22,686 $6,368 $16,318
Source: Public Records

Agents Affiliated with this Home

  • Ryan Leahy

    Seller's Agent in 2022

    Ryan Leahy

    RE/MAX

    (970) 556-0205

    32 Total Sales

    Ryan Leahy
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Map

Source: IRES MLS

MLS Number: IRE956770

IRES MLS
Colorado Larimer County Drake 80515

2510 U S 34, Drake, CO

Not Listed for Sale

MultiFamily

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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