387 Lakeview DR Active Save Request In-Person Tour Request Virtual Tour
Drake,CO 80515
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Cedar Pk
MLS Listing ID IR1022836
Style Chalet
Bedrooms 3
Condo Fees $25
HOA Fees $2/ann
HOA Y/N Yes
Originating Board recolorado
Year Built 2017
Annual Tax Amount $1,915
Tax Year 2024
Lot Size 4.890 Acres
Acres 4.89
Property Sub-Type Single Family Residence
Property Description
Cut / assembled by Log Artisans. Rough electric, plumbing, well (5 gals/min), septic system in. Spectacular quality of construction. 4.89A of undulating mountain tops and valleys; 300 degree Cayon view. 30 minutes to Loveland, 40 minutes to FoCo and Longmont, 70 minutes to Denver, 80 minutes to DIA and Cheyenne. Perfect VRBO / AirBnB income property while enjoying Mountain appreciation. Estimate in hand ($180,000) to complete. ARV = $1.15M. Buyer should finish the upper and middle floor first to speed up "completion", then get a Certificate of Occupancy. Finish the lower level at his/her leisure. This home cannot be financed conventionally. Cash only or through a "hard money" lender. Cannot be underwritten without a C.O., hence needs either hard money financing or CASH. I have two quotes from GC's who estimated the build-out and will finish the home.
Location
State CO
County Larimer
Zoning E-SFR
Rooms
Basement Full,Unfinished,Walk-Out Access
Main Level Bedrooms 1
Interior
Interior Features Eat-in Kitchen,Kitchen Island,Pantry,Primary Suite,Vaulted Ceiling(s),Walk-In Closet(s)
Heating Forced Air,Propane
Cooling Central Air
Flooring Wood
Fireplaces Number 1
Fireplace Y
Laundry In Unit
Exterior
Fence Partial
Utilities Available Electricity Available
View Mountain(s),Plains
Roof Type Metal
Building
Lot Description Rock Outcropping,Rolling Slope
Sewer Septic Tank
Water Well
Level or Stories Two
Structure Type Log,Frame
Schools
Elementary Schools Big Thompson
Middle Schools Walt Clark
High Schools Thompson Valley
School District Thompson R2-J
Others
Ownership Individual
Acceptable Financing Cash,FHA
Listing Terms Cash,FHA