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5528 County Road 7, Erie, CO 80516

$625,000
: 3
BD
: 2
BA
: 1,296
SqFt

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List Price: $625,000
Type: Single Family Residential
Property Sub Type: Single Family Residence
Status: ACTIVE
MLS Number: IR1071817
Bedrooms: 3
Bathrooms: 2
Sqft Total: 1,296
Year Built: 2005

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Property Description

Opportunity Knocks! Situated on 1.4 acres, this property offers incredible potential for investors, flippers, or buyers looking to build equity. Currently configured as a 3-bedroom, 2-bath home, the layout may provide the opportunity to create a 5-bedroom, 3-bath residence (buyer to verify). Major updates include a new heat pump and central A/C system, tankless water heater, newer roof, and a 1,500-gallon septic system. The property also features a massive heated attached shop/garage with its own electrical panel, making it ideal for contractors, mechanics, hobbyists, or anyone needing substantial workspace. Energy-efficient features include an owned solar system that will be paid off at closing and an Emporia Level 2 EV charger.With room to customize and add significant value, this property may be an excellent candidate for an FHA 203(k) Renovation Loan or other renovation financing programs (buyer to verify with lender). Rarely do properties with this much potential, acreage, and infrastructure come available. Bring your vision and unlock the possibilities!Some images have been virtually staged or digitally enhanced to illustrate the property's potential appearance. Actual conditions may vary. Buyers should verify all property features through their own inspection.

(303) 522-8226

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Additional Information

View: Mountain(s)
Lot Size Acres: 1.4
Lot Size Sq Ft: 61,028
Tax Amount: $3,862
Water Source: Public
Basement Type: Bath/Stubbed, Unfinished
Heating: Heat Pump
Cooling: Central Air
School District: St. Vrain Valley RE-1J
Elementary School: Soaring Heights
Middle Or Junior School: Soaring Heights
High School: Erie