Owner
$845,511
6500 MERRIMACK DR, CASTLE PINES, CO
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
3
sq. ft.
2,221
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality C
Average Condition
Living Area
Garage
1 Story
Central
Frame
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2022
Building Size
2,221 sq ft
Lot Size
8,407 sq ft
Lot Size (Acres)
0.19 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
0496765
County
Douglas County, Colorado
Metro Area
Denver-Aurora-Centennial, CO
Zoning
—
Neighborhood/Subdivision
CASTLE PINES TOWN CENTER
Lot Number
40
School District
Douglas County School District RE-1
Legal Description
LOT 40 BLOCK 4 CASTLE PINES TOWN CENTER 2 0.193 AM/L
Tax & Value Information
Market Value (Total)
$847,024
Building Value
$696,954
Land Value
$150,070
Annual Property Tax
$7,537
Tax Assessment Year
2024
Assessed Value
$56,750
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
11/14/2022
Recording Date
11/15/2022
Sales Document #
2022.72439
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$32,717
Return on Investment
15.60%
After Repair Value
$930,062
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$760,960
Renovation Cost
$42,276
Closing Costs (buying)
$15,219
Holding Costs
$23,087
Selling Costs
$55,804
Total Investment
$209,687
After Repair Value (ARV)
$930,062
Total Costs
$897,345
Estimated Profit
$32,717
Cash Invested
$194,468
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area