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4953 W 1st St 2.26 Acres of Residential Land Offered at $550,000 in Loveland, CO 80537
Investment Highlights
- Estimated ten (10) lakefront duplex lots fronting Buckingham Lake with foothills and Boedecker Lake views
- Market survey of paired homes with lake frontage near Buckingham Lake: $910,000 to $1,100,000, paired home backing to West 1st Street: $875,000
- Annexed and zoned into the City of Loveland to build a single family home as a residential Planned Unit Development (PUD) known as Mariana Butte 24th
- Estimated cost to develop inlcuding water dedication of $149,976 per lot
- Estimated lot to home price based on 30% ratio indicates finished lot value above $262,500
Executive Summary
Villas at Buckingham Lake is a proposed 10 unit lakefront development opportunity on 2.26 acres in Loveland, Colorado.
Property Facts
| Price | $550,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.26 AC |
| Property Type | Land | ||
| Zoning | PUD | ||
| Price | $550,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 2.26 AC |
| Zoning | PUD |
1 Lot Available
Lot
| Price | $550,000 | Lot Size | 2.26 AC |
| Price Per AC | $243,362.83 |
| Price | $550,000 |
| Price Per AC | $243,362.83 |
| Lot Size | 2.26 AC |
Description
Excellent development opportunity with Approximately 1,165 feet of frontage on Buckingham Lake. Unobstructed views of Mariana Butte Natural Area, Boedecker Lake, foothills, and Longs Peak. Abundant recreational opportunities in the area including Boedecker Lake, Mariana Butte Golf Course, Mariana Butte Nature Trail, Morey Wildlife Reserve, and Devil's Backbone Open Space. Convenient access to Rocky Mountain National Park and Estes Park via US Highway 34 (West Eisenhower Boulevard). Minutes from Downtown Loveland restaurants, shopping, and entertainment. Multiple grocery nearby.
Not walkable
10/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 95173-07-001 | Improvements Assessment | $0 |
| Land Assessment | $112,050 | Total Assessment | $112,050 |
Property Taxes
Parcel Number
95173-07-001
Land Assessment
$112,050
Improvements Assessment
$0
Total Assessment
$112,050
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4953 W 1st St
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