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8294 William Dr
Rye, CO

8294 William Dr

$280,000
2 bd • 1 ba • 960 sf

This analysis was generated by artificial intelligence on 1/15/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$280,000

Price/Sq.Ft

$292

Year Built

1995

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This charming 2-bedroom, 1-bathroom log home in Rye, CO, offers an affordable mountain retreat on 2.7 acres. Its proximity to San Isabel National Forest provides endless outdoor recreation opportunities. The large kitchen and open concept living make it ideal for entertaining. Additional features include a woodburning stove, covered back porch, two storage sheds, and a 500-gallon hot tub. The metal roof ensures durability in winter storms, and the guest house with electricity adds extra convenience. Served by a private well and septic tank, this property promises self-sufficiency amidst scenic beauty.

The Bad

The property, while scenic, might present challenges with accessibility during harsh winter months due to its mountain location. The small size of the house (960 sq ft) may not suit larger families or those needing more space. Additionally, the proximity to natural areas might require wildlife management and could pose fire risks.

The Ugly

The most significant concern is the property's location in a flood zone, which could impact insurance costs and future safety. Buyers should thoroughly investigate flood risks and consider appropriate insurance coverage.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for nature enthusiasts, retirees, or small families seeking a peaceful mountain retreat. It's perfect for those who appreciate outdoor activities like hiking and want a cozy, self-sufficient living space.

Not For

This home is not suited for large families or those requiring proximity to urban amenities. It's also not ideal for individuals who are not comfortable with rural and potentially isolated living conditions.
Demographics
Area Median Income

$82,618

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Risk Assessment

Risk Analysis

Potential risks include flood hazards, as the property is in a minimal flood hazard area. Buyers should consider the costs and availability of flood insurance. Additionally, the mountain location demands attention to weather-related accessibility and potential wildlife encounters.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$80,983

-71.1% below list price

Median Price

$85,000

Based on 6 recent sales

Price per Sq.Ft

$87

Comparable Properties

10688 Charles Lane, Rye, CO 81069
Price: $85,000
Sq.Ft: 990
Beds/Baths: 3/1
$/Sq.Ft:
$8670.6%
Sale Date: 8/15/2024
10577 Smith Lane, Rye, CO 81069
Price: $159,900
Sq.Ft: 994
Beds/Baths: 2/1
$/Sq.Ft:
$16144.8%
Sale Date: 8/15/2024
8288 Greentower Lane, Rye, CO 81069
Price: $62,500
Sq.Ft: 900
Beds/Baths: 3/1
$/Sq.Ft:
$6976.2%
Sale Date: 8/15/2024
8145 Oak Dr, Rye, CO 81069
Price: $50,000
Sq.Ft: 863
Beds/Baths: 2/1
$/Sq.Ft:
$5880.1%
Sale Date: 8/15/2024
8145 Oak Dr, Rye, CO 81069
Price: $87,500
Sq.Ft: 863
Beds/Baths: 2/1
$/Sq.Ft:
$10165.2%
Sale Date: 8/15/2024
8263 Zorn Rd, Rye, CO 81069
Price: $41,000
Sq.Ft: 840
Beds/Baths: 1/1
$/Sq.Ft:
$4983.3%
Sale Date: 8/15/2024

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