$440,000

4953 W 1st St, Loveland CO

MLS ID: IRE1059592

County: Larimer

Acres: 2.26

Estate lot with 360 degree water views or development opportunity for 4-10 lakefront lots with approx. 1,165 feet of frontage on Buckingham Lake. Recreational wakeless lake rights approval in process. Annexed & zoned into City of Loveland to build single family home through a PUD approval. Unobstructed views of Mariana Butte Natural Area, Boedecker Lake, foothills & Longs Peak. Abundant recreational opportunities close by. Little Thompson Water District water tap available in street or City of Loveland for development. Minutes from city amenities and highway access. Abundance of mature fish perfect for fishing. Elk, eagles, and other wildlife frequent this lake. Estimated cost to develop 10 lakefront lots including water dedication approx. $150,000 per lot (See broker development budget). Market survey of resale paired homes with lake frontage in the immediate area from $910,000 to $1,100,000. Excellent land value with Buckingham Lake and Boedecker Lake lot sales ranging between $575,000 to $800,000 on 0.47 acre to 1.10 acres, approximately $16.70 - $32.19/SF (See broker for sales survey). Ask broker about land loan options at 80% loan-to-value.

Loveland CO 80537

Get Directions

Information source: ©2021 Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES. Terms of Use: Listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Information deemed reliable but not guaranteed by the MLS.

Information source: ©2021 RE Colorado, INC. The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of RE Colorado, INC. Real estate listings held by brokers other than owners of this website are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.