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.
Sold for $345,000
$345,000
387 Lakeview Dr, Drake, CO 80515
3beds
3baths
2,206sqft
Mixed Use
Built in 2017
4.89 Acres Lot
$343,500 Zestimate®
$156/sqft
$3,328 Estimated rent
Home value
$343,500
$326,000 - $361,000
$3,328/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Rich Coccaro 817-480-8818,
Keller Williams Realty NoCo
Bought with:
Tara Tooley, 100056440
Tara Tooley
Source: IRES as distributed by MLS GRID,MLS#: 1022836
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Rooms
- Room types: Loft
Primary bedroom
- Description: Hardwood
- Features: Full Primary Bath
- Level: Additional
- Area: 208 Square Feet
- Dimensions: 13 x 16
Bedroom 2
- Description: Hardwood
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11 x 12
Bedroom 3
- Description: Concrete
- Level: Lower
- Area: 90 Square Feet
- Dimensions: 9 x 10
Kitchen
- Description: See Remarks
- Level: Main
- Area: 143 Square Feet
- Dimensions: 11 x 13
Living room
- Description: Hardwood
- Level: Upper
- Area: 336 Square Feet
- Dimensions: 14 x 24
Heating
- Forced Air
Appliances
- Included: No Inclusions
- Laundry: Washer/Dryer Hookup
Features
- Eat-in Kitchen, Cathedral Ceiling(s), Pantry, Walk-In Closet(s), Kitchen Island, Two Primary Suites, High Ceilings, Split Bedroom Plan
- Flooring: Wood
- Basement: Full,Unfinished,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: One
Interior area
- Total structure area: 2,206
- Total interior livable area: 2,206 sqft
Property
Parking
- Details: None
Features
- Levels: Two
- Stories: 2
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s), Hills, Plains View
- Body of water: nearby
Lot
- Size: 4.89 Acres
- Features: Dry, Wooded, Evergreen Trees, Deciduous Trees, Native Plants, Rolling Slope, Rock Outcropping
Details
- Parcel number: R0504653
- Zoning: E-SFR
- Special conditions: Private Owner
- Horses can be raised: Yes
- Horse amenities: Zoning Appropriate for 4+ Horses
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Chalet
- Property subtype: Mixed Use
Materials
- Frame, Log
- Roof: Metal
Condition
- New construction: Yes
- Year built: 2017
Details
- Builder model: The Glacier
- Builder name: TJ's, CO's Premier Log Co
Utilities & green energy
- Electric: PVREA
- Gas: Local - propane
- Sewer: Septic Tank, Septic Field, Septic Vault
- Water: Well
- Utilities for property: Electricity Available, Propane
Community & HOA
Community
- Subdivision: CEDAR PK
HOA
- Has HOA: Yes
- HOA fee: $25 annually
- HOA name: Cedar Park HOA 970-429-5350
- HOA phone: 970-429-5350
Location
- Region: Drake
Financial & listing details
- Price per square foot: $156/sqft
- Tax assessed value: $705,600
- Annual tax amount: $1,915
- Date on market: 11/27/2024
- Listing terms: Cash,FHA
- Exclusions: NONE
- Electric utility on property: Yes
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2025 | Sold | $345,000-36.7%$156/sqft |
Source:  IRES as distributed by MLS GRID #1022836 Report a problem | ||
| 6/4/2025 | Listed for sale | $545,000$247/sqft |
Source:  REcolorado as distributed by MLS GRID #IR1022836 Report a problem | ||
| 5/22/2025 | Pending sale | $545,000$247/sqft |
Source: REcolorado as distributed by MLS GRID #IR1022836 Report a problem | ||
| 5/10/2025 | Listed for sale | $545,000$247/sqft |
Source: IRES as distributed by MLS GRID #1022836 Report a problem | ||
| 5/1/2025 | Pending sale | $545,000$247/sqft |
Source: IRES as distributed by MLS GRID #1022836 Report a problem | ||
| 4/27/2025 | Listing removed | $545,000$247/sqft |
Source: IRES as distributed by MLS GRID #1022836 Report a problem | ||
| 11/27/2024 | Listed for sale | $545,000$247/sqft |
Source: IRES as distributed by MLS GRID #1022836 Report a problem | ||
| 10/18/2024 | Listing removed | $545,000$247/sqft |
Source: IRES as distributed by MLS GRID #988799 Report a problem | ||
| 5/30/2024 | Price change | $545,000-6.8%$247/sqft |
Source: IRES as distributed by MLS GRID #988799 Report a problem | ||
| 3/26/2024 | Price change | $585,000-1.7%$265/sqft |
Source: IRES as distributed by MLS GRID #988799 Report a problem | ||
| 10/11/2023 | Price change | $595,000-4.8%$270/sqft |
Source: IRES as distributed by MLS GRID #988799 Report a problem | ||
| 9/3/2023 | Price change | $625,000-7.4%$283/sqft |
Source: IRES as distributed by MLS GRID #988799 Report a problem | ||
| 8/15/2023 | Price change | $675,000-3.6%$306/sqft |
Source: IRES as distributed by MLS GRID #988799 Report a problem | ||
| 7/28/2023 | Price change | $700,000-9.7%$317/sqft |
Source: IRES as distributed by MLS GRID #988799 Report a problem | ||
| 7/14/2023 | Price change | $775,000-29.5%$351/sqft |
Source: IRES as distributed by MLS GRID #988799 Report a problem | ||
| 5/30/2023 | Listed for sale | $1,100,000+1804.8%$499/sqft |
Source: IRES as distributed by MLS GRID #988799 Report a problem | ||
| 10/23/2007 | Sold | $57,750$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,763 +207.2% | $44,100 +139.3% |
| 2024 | $1,550 -19% | $18,425 -1% |
| 2023 | $1,915 +29.2% | $18,604 +1% |
| 2022 | $1,482 +2.6% | $18,418 +28.7% |
| 2021 | $1,444 +1.3% | $14,307 +3.1% |
| 2020 | $1,425 +45.9% | $13,878 -0.7% |
| 2019 | $976 | $13,975 +54% |
| 2018 | $976 | $9,072 -48.7% |
| 2017 | $976 -42.7% | $17,690 +8.9% |
| 2016 | $1,703 +7.6% | $16,240 |
| 2015 | $1,582 -2.1% | $16,240 -3.4% |
| 2014 | $1,617 | $16,820 |
| 2013 | -- | $16,820 |
| 2012 | -- | $16,820 |
| 2011 | -- | $16,820 +5.5% |
| 2010 | -- | $15,950 |
| 2009 | -- | $15,950 +6.8% |
| 2008 | -- | $14,940 |
| 2007 | -- | $14,940 -4% |
| 2006 | -- | $15,570 |
| 2005 | -- | $15,570 +30% |
| 2004 | -- | $11,980 +20.3% |
| 2002 | -- | $9,960 |
| 2001 | -- | $9,960 |
Find assessor info on the county website
Neighborhood: 80515
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Nearby schools
GreatSchools rating
- 7/10Big Thompson Elementary SchoolGrades: K-5Distance: 7.9 mi
- 5/10Walt Clark Middle SchoolGrades: 6-8Distance: 12.4 mi
- 6/10Thompson Valley High SchoolGrades: 9-12Distance: 13 mi
Schools provided by the listing agent
- Elementary: Big Thompson
- Middle: Clark (Walt)
- High: Thompson Valley
Source: IRES as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$343,500
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Estimated market value
$343,500
- Colorado
- Larimer County
- Drake
- 80515
- 387 Lakeview Dr
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