NOT LISTED FOR SALE

29 Elk Island Way Drake, CO 80515

Estimated Value: $746,000 - $981,709

2 Beds
2.5 Baths
2,829 Sq Ft
$303/Sq Ft Est. Value

Last Sold November 16, 2018

Last sale price $385,000 $136 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $4,873/month

79 Days on Market

Highlights

  • Waterfront
  • Deck
  • Raised Ranch Architecture
  • Open Floorplan
  • Wooded Lot
  • Wood Flooring

About This Home

As of November 2018

The Elk Island Way home on the Big Thompson River is on the market for the appraised price of $395,000. Lots of river frontage, tree, and a rock cliff. Lower level needs to be remodeled (2013 flood). A wonderful family retreat and good fishing. Easy to show.

Last Agent to Sell the Property

Ann Racine

Range Realty Listed on: 08/28/2018

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,014

Year Built

  • Built in 1960

Lot Details

  • 2.87 Acre Lot
  • Waterfront
  • Property fronts a highway
  • Dirt Road
  • East Facing Home
  • Rock Outcropping
  • Corner Lot
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Raised Ranch Architecture
  • Cottage
  • Fixer Upper
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,829 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Window Treatments
  • Wood Frame Window
  • Living Room with Fireplace
  • Water Views
  • Unfinished Basement
  • Walk-Out Basement
  • Storm Doors

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Painted or Stained Flooring
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Primary bathroom on main floor
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

  • Access to stream, creek or river
  • Deck
  • Patio
  • Outdoor Storage

Schools

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

Utilities

  • Forced Air Heating System
  • Propane
  • Septic System

Community Details

  • No Home Owners Association
  • Happy Hollow Subdivision

Listing and Financial Details

  • Assessor Parcel Number R1151304

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,014

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1960
  • Property Sub Type: Residential-Detached
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 2.87
  • Road Frontage Type: Highway
  • Road Surface Type: Paved, Dirt
  • Subdivision Name: Happy Hollow
  • Directions: From the traffic light intersection at McDonalds go east on Hwy 34 for approximately 2 1/4 to 2 1/2 miles, take left onto Elk Island Way bridge, cross bridge. Subject house at end of bridge.
  • Above Grade Finished Sq Ft: 1548
  • Architectural Style: Cottage/Bung, Raised Ranch
  • Garage Yn: Yes
  • Unit Levels: Raised Ranch
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Legal Conforming
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2829
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Accessibility Features: Level Lot, Main Floor Bath, Main Level Bedroom, Stall Shower, Main Level Laundry
  • Has Basement: Unfinished, Walk-Out Access
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Flooring: Wood Floors
  • Interior Amenities: Eat-in Kitchen, Open Floorplan, Pantry, Stain/Natural Trim, Walk-In Closet(s)
  • Living Area: 1548
  • Window Features: Window Coverings, Wood Frames, Double Pane Windows
  • IRESDS_HasFamilyRoom: No
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Area: 99
  • Master Bedroom Master Bedroom Width: 13
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Wood Floor
  • Master Bedroom Features: Carpet
  • Room Kitchen Features: Carpet
  • Room Living Room Area: 345
  • Living Room Features: Carpet
  • Room Kitchen Area: 252
  • Room Master Bedroom Area: 208
  • Master Bathroom Features: 3/4 Primary Bath
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Wooded, Level, Rock Outcropping
  • View: Water
  • Waterfront Features: Abuts Stream/Creek/River
  • Waterfront: Yes
  • Construction Type: Wood/Frame, Wood Siding, Painted/Stained
  • Direction Faces: East
  • Foundation Details: Slab
  • Other Structures: Storage
  • Patio And Porch Features: Patio, Deck
  • Property Condition: Fixer, Not New, Previously Owned

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • IRESDS_Garage Sq Ft: 890
  • IRESDS_GarageType: Attached

Utilities

  • Electric: Electric, Town of Estes P
  • Heating: Forced Air
  • Utilities: Electricity Available, Propane
  • Laundry Features: Washer/Dryer Hookups, Main Level
  • Heating Yn: Yes
  • Sewer: Septic
  • Water Source: Well

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: O
  • Lot Size Sq Ft: 125017
  • Parcel #: R1151304
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2014

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2018
Closed on
Nov 16, 2018
Sold by
Arvidson James L
Bought by
Reed Ranch Llc
Seller's Agent
Ann Racine
Range Realty
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%
Current Estimated Value
$829,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$444,035
Avg. Annual Appreciation
12.57%

Purchase Details

Closed on
Jan 2, 2007
Sold by
Olson Wayne C and Olson Dorothy F
Bought by
Arvidson James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,200
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1984
Bought by
Olson Wayne C and Olson Dorothy F
Source: Public Records

Range of Values:

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Average Value
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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
Reed Ranch Llc $385,000 Rocky Mountain Title
Arvidson James L $409,000 None Available
Olson Wayne C $127,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Ranch Llc $1,700,000
Previous Owner Arvidson James L $327,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2019 02/14/19 Off Market $385,000 -- --
11/16/2018 11/16/18 Sold $385,000 0.0% $136 / Sq Ft
10/31/2018 10/31/18 Off Market $385,000 -- --
08/28/2018 08/28/18 For Sale $395,000 -- $140 / 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 $4,272 $64,347 $1,340 $63,007
2024 $4,223 $64,347 $1,340 $63,007
2022 $3,625 $49,296 $1,390 $47,906
2021 $1,726 $23,524 $1,430 $22,094
2020 $2,327 $31,238 $1,430 $29,808
2019 $2,310 $31,238 $1,430 $29,808
2018 $1,520 $19,908 $1,440 $18,468
2017 $1,473 $19,188 $1,440 $17,748
2016 $1,722 $23,251 $1,592 $21,659
2015 $1,701 $23,250 $1,590 $21,660
2014 $988 $13,890 $1,590 $12,300
Source: Public Records

Agents Affiliated with this Home

  • Ann Racine

    Seller's Agent in 2018

    Ann Racine

    Range Realty

    (970) 586-2346

    5 Total Sales

    Section Image

  • N

    Buyer's Agent in 2018

    Non-IRES Agent

    CO_IRES

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Map

Source: IRES MLS

MLS Number: 860603

IRES MLS

APN: 25212-07-005

Colorado Larimer County Drake 80515

29 Elk Island Way, Drake, CO

This home is located at 29 Elk Island Way, Drake, CO 80515 since 28 August 2018 and is currently estimated at $857,177, approximately $302 per square foot. This property was built in 1960. 29 Elk Island Way is a home located in Larimer County with nearby schools including Estes Park K-5 School, Estes Park Options School, and Estes Park Middle 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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