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James T. Wanzeck

At RE/MAX Professionals (formerly Masters Millennium), James T. Wanzeck and his team are dedicated to providing superior customer service and 100% cli...

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Listing Source

With courtesy of
Keller Williams Realty NoCo
Posted by
REcolorado (Denver)

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ('IDX') program of RECOLORADO®, Real estate listings held by brokers other than RE/MAX Professionals are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

387 Lakeview Drive

Drake, CO 80515 — Larimer County — Cedar Pk Neighborhood

Residential $545,000 Active Listing# IR1022836

3 beds 3 baths 2206.00 sqft Lot size: 213008.00 sqft 4.89 acres 2017 build

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Updated: 06-04-2025 08:42pm

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Property Description

Back on the market at no fault of Seller. 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.

Listing Details

Property Type: Residential
Listing#: IR1022836
Source: REcolorado (Denver)
Last Updated: 06-04-2025 08:42pm
Status: Active
Off Market Date: 04-29-2025 12:00am

Property Details

Property Subtype: Single Family Residence
Sold Price: $545,000
Original Price: $545,000
Location: Drake, CO 80515
SqFT: 2206.00
Year Built: 2017
Acres: 4.89
Bedrooms: 3
Bathrooms: 3
Levels: Two

Map

Property Level and Sizes

SqFt Lot: 213008.00
Lot Features: Eat-in Kitchen, Kitchen Island, Pantry, Primary Suite, Vaulted Ceiling(s), Walk-In Closet(s)
Lot Size: 4.89
Basement: Full, Unfinished, Walk-Out Access

Financial Details

Previous Year Tax: 1915.00
Year Tax: 2024
Is this property managed by an HOA?: Yes
Primary HOA Name: Cedar Park HOA 970-429-5350
Primary HOA Phone Number: 970-429-5350
Primary HOA Fees Included: Reserves
Primary HOA Fees: 25.00
Primary HOA Fees Frequency: Annually

Interior Details

Interior Features: Eat-in Kitchen, Kitchen Island, Pantry, Primary Suite, Vaulted Ceiling(s), Walk-In Closet(s)
Laundry Features: In Unit
Electric: Central Air
Flooring: Wood
Cooling: Central Air
Heating: Forced Air, Propane
Utilities: Electricity Available