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Drake, CO 80515

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For Sale

$545,000

3 beds • 3 baths • 2,206 sqft

Estimated Payment

$ 3,017 /mo. †

6.85% APR for 30 yrs.
$1,915 in taxes
Change Loan Terms

  • Farm/Ranch
    Property type

  • $247.05
    Price per square foot

  • 6-10 Years Old
    Age

  • Fireplace
    Heating System

Explore this Property

Cut / assembled by Log Artisans. Rough electric, plumbing, well (5 gals/min), septic system in. Spectacular quality of construction. 4.89A of undulating mountain tops and valleys; 300 degree Cayon view. 30 minutes to Loveland, 40 minutes to FoCo and Longmont, 70 minutes to Denver, 80 minutes to DIA and Cheyenne. Perfect VRBO / AirBnB income property while enjoying Mountain appreciation. Estimate in hand ($180,000) to complete. ARV = $1.15M. Buyer concessions from Seller at closing = credit toward rate buy down on final Mortgage.
MLS# 1022836

Courtesy Of Fort Collins Gold LLC

(970) 449-7100

Property Features

  • Age
    6-10 Years Old
  • Architecture Style
    Other
  • Fireplace
    Fireplace
  • Heating System
    Fireplace
  • Lot Size
    4.89 Acres

Area Map

Home seller CENTURY 21 Elevated Real Estate

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CENTURY 21 Elevated Real Estate

(970) 224-1800
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Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $2,857
  • Property Taxes
    $159
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $3,017

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Big Thompson Elementary School

Grades KG-5 Public School

Loveland, CO 80537 7.9 miles
7702 w us highway 34

179 total students
13:1 Student teacher ratio

School Rating: B

School Details

Walt Clark Middle School

Grades 6-8 Public School

Loveland, CO 80537 12.5 miles
2605 carlisle dr

418 total students
17:1 Student teacher ratio

School Rating: D

School Details

Thompson Valley High School

Grades 9-12 Public School

Loveland, CO 80537 12.9 miles
1669 eagle dr

1043 total students
20:1 Student teacher ratio

School Rating: C

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Drake, CO 80515

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Drake, CO 80515

This community’s employment is highest in the administrative support and transportation industries. The area’s overall household expenses are above the national average.

79° July
Hottest Average Month
16° February
Coldest Average Month
494 Total Households in Area
5.1% Increase in population since the year 2010
14.2%
of households
have children
21 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Drake, CO 80515

Drake, CO 80515 has a population of 1,069 people in 494 households with a median age of 58.8 years old.

5.1%
Increase in population
since the year 2010
Population is Trending up
455
Total households as of 2010
6%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 58.8 years old. The smallest percentage group is 55-64 years and the largest percentage is the 0-5 years age range.

Community Population By Ethnicity

White 89%
Hispanic 6%
Other 3%
Asian <1%
Black <1%
Native American <1%
The most prevalent ethnicity is White at 89%, followed by Hispanic at 6%, Other at 3%, and Asian at <1%.

Economics
for Drake, CO 80515

18 /sq mi
Population Density
$85,845 /yr
Median Household Income
$260,000
Median Sales Price
21 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $150-199,999k representing 17.02% of the households.

Transportation to Work

  • Drive 68%
  • Work from Home 23%
  • Walk or Bike 8%
  • Public Transit 2%

Occupancy by Type

Owned 408 47%
Vacant 377 43%
Rented 86 10%

White vs Blue Collar Jobs







White Collar 89%
Blue Collar 11%

Family & Education Facts
for Drake, CO 80515

58.8 Median Age

Average Household Size

2.1
persons per
household

67.1%

Married Households

Community Population By Education

Bachelors Degree 26%
Some College 23%
Graduate Degree 20%
Associates Degree 16%
High School Graduate 13%
Some High School 3%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 26.12% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
14.2% of households have children

Weather
for Drake, CO 80515

The weather for this area ranges from a high of 79° F in July to a low of 16° F in February

79° July
Hottest Average Month
16° February
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
16°
36°
Feb
16°
39°
Mar
20°
44°
Apr
27°
52°
May
35°
61°
Jun
42°
72°
Jul
48°
79°
Aug
46°
77°
Sep
39°
69°
Oct
30°
58°
Nov
22°
45°
Dec
17°
38°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Drake, CO 80515!
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Copyright © 2025 Information and Real Estate Services, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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