Imagine living is this amazing two-story home in the sought-after Compass neighborhood. It's situated on a prime corner lot, backing to open space-and right across the street is a large field destined to become a future park. The home features a main floor bedroom and an upper level bedroom with an ensuite bathroom! The backyard is landscaped with drought-resistant dog-tough turf, so it never needs watering and stands up to active pets. Inside, you'll find a tandem 3-car garage, giving you space for extra storage or multiple vehicles. There's also a full, unfinished basement, ready for your own custom touches or extra room down the road. On the practical side, this home is built for longevity and ease. It features a new Class 4 roof with a 50-year warranty, and a highly efficient solar panel system to help lower utility costs and simplify upkeep. In short - durable, smartly designed, and ready for you.
Sold for $895,000
$895,000
702 Drake Avenue, Erie, CO 80516
5beds
4,130sqft
Single Family Residence
Built in 2018
6,885 Square Feet Lot
$889,300 Zestimate®
$217/sqft
$3,715 Estimated rent
Home value
$889,300
Estimated sales range
Not available
$3,715/mo
Zestimate® history
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$5,208/mo
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Zillow last checked:
Listing updated:
Listed by:
Randy Trahan randy@trahanrealestate.com,
RE/MAX Alliance
Bought with:
Brett Sawyer, 40028867
Kentwood Boulder Valley
Source: REcolorado as distributed by MLS GRID,MLS#: 6505922
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 1
Bedroom
- Description: Carpet
- Features: Primary Suite
- Level: Upper
- Area: 288 Square Feet
- Dimensions: 18 x 16
Bedroom
- Description: Carpet
- Features: Primary Suite
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14 x 12
Bedroom
- Description: Carpet
- Features: Primary Suite
- Level: Upper
- Area: 210 Square Feet
- Dimensions: 15 x 14
Bedroom
- Description: Carpet
- Level: Upper
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bedroom
- Description: Carpet
- Features: Primary Suite
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bathroom
- Level: Upper
Bathroom
- Features: Primary Suite
- Level: Upper
Bathroom
- Level: Upper
Bathroom
- Level: Upper
Dining room
- Description: Engineered Hardwood
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12 x 11
Kitchen
- Description: Engineered Hardwood
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15 x 11
Laundry
- Description: Tile
- Level: Upper
- Area: 56 Square Feet
- Dimensions: 8 x 7
Living room
- Description: Engineered Hardwood
- Level: Main
- Area: 323 Square Feet
- Dimensions: 19 x 17
Loft
- Description: Engineered Hardwood
- Level: Upper
- Area: 323 Square Feet
- Dimensions: 19 x 17
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
Features
- Ceiling Fan(s), Eat-in Kitchen, Jack & Jill Bathroom, Kitchen Island, Pantry, Primary Suite, Quartz Counters, Walk-In Closet(s)
- Flooring: Carpet, Tile, Wood
- Windows: Double Pane Windows
- Basement: Bath/Stubbed,Unfinished
- Number of fireplaces: 1
- Fireplace features: Gas Log, Living Room
Interior area
- Total structure area: 4,130
- Total interior livable area: 4,130 sqft
- Finished area above ground: 2,872
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Concrete, Lighted, Oversized, Tandem
- Attached garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Front Porch, Patio
- Exterior features: Fire Pit, Garden, Lighting, Private Yard, Rain Gutters
- Fencing: Full
Lot
- Size: 6,885 sqft
- Features: Corner Lot, Landscaped, Level, Open Space, Sprinklers In Front, Sprinklers In Rear
Details
- Parcel number: R0610100
- Zoning: Res
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Frame, Stone
- Roof: Composition
Condition
- Year built: 2018
Details
- Builder model: StoneHaven
- Builder name: Lennar
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Internet Access (Wired), Natural Gas Connected
Community & neighborhood
Security
- Security features: Smart Locks
Location
- Region: Erie
- Subdivision: Compass
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $70 monthly
- Services included: Maintenance Grounds, Recycling, Trash
- Association name: Advanced Hoa
- Association phone: 303-482-2213
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
- Ownership: Individual
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Sold | $895,000-0.3%$217/sqft |
Source:  REcolorado as distributed by MLS GRID #6505922 Report a problem | ||
| 3/1/2026 | Pending sale | $897,500$217/sqft |
Source: REcolorado as distributed by MLS GRID #6505922 Report a problem | ||
| 1/31/2026 | Price change | $897,500-3%$217/sqft |
Source: REcolorado as distributed by MLS GRID #6505922 Report a problem | ||
| 10/17/2025 | Listed for sale | $925,000+53.7%$224/sqft |
Source:  IRES as distributed by MLS GRID #1045741 Report a problem | ||
| 5/3/2019 | Sold | $602,000$146/sqft |
Source: IRES as distributed by MLS GRID #872097 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,501 +1% | $50,806 -9.9% |
| 2024 | $8,421 +25.5% | $56,381 -1% |
| 2023 | $6,712 -0.7% | $56,928 +37.3% |
| 2022 | $6,761 +3.2% | $41,471 -2.8% |
| 2021 | $6,552 | $42,664 +7% |
| 2020 | $6,552 +1861.1% | $39,868 +324.4% |
| 2019 | $334 | $9,395 +362.8% |
| 2018 | $334 | $2,030 |
Find assessor info on the county website
Neighborhood: 80516
Nearby schools
GreatSchools rating
- 8/10Meadowlark SchoolGrades: PK-8Distance: 1.6 mi
- 9/10Centaurus High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Meadowlark
- Middle: Meadowlark
- High: Centaurus
- District: Boulder Valley RE 2
Source: REcolorado 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
$889,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$889,300
- Colorado
- Boulder County
- Erie
- 80516
- 702 Drake Avenue
Nearby cities
Nearby zip codes
Other Erie Topics
