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218 Summit Way

Erie, CO 80516

4 bd 4 ba 4,061 sqft Built 2015 Lot 6,064 sqft single_family
Most recent sale
$785,000
Aug 10, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 10, 2022 Sold $785,000 Public Record
Aug 9, 2022 Sold $785,000 MLS #969931
Jul 7, 2022 Price changed $799,000 MLS #9664104
Jul 1, 2022 Listed $825,000 MLS #9664104
Dec 31, 2015 Sold $453,631 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $40,160 $9,500 $49,660 $8,142
2024 $40,160 $9,500 $49,660 $6,992
2023 $39,260 $8,840 $48,100 $6,821
2022 $32,420 $7,300 $39,720 $6,378
2021 $33,350 $7,510 $40,860 $6,663
2020 $29,580 $6,440 $36,020 $5,846
2019 $27,260 $6,440 $33,700 $6,238
2018 $26,960 $5,040 $32,000 $5,901
2017 $26,960 $5,040 $32,000 $5,804
2016 $24,350 $5,170 $29,520 $5,175
2015 $4,550 $4,550 $1,375

Property facts

Year built
2015
Property type
single_family
Stories
2
Beds
4
Baths
4
Living area
4,061 sqft
Lot size
6,064 sqft
ZIP code
80516
City
Erie
Street
Summit Way
Coordinates
40.04064, -105.03396

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$8,528
Gross rental yield
13.04%
Implied cap rate
8.47%
Trend-extrapolated value

Frequently asked questions

When did 218 Summit Way last sell?
218 Summit Way most recently sold on Aug 10, 2022 for $785,000.
What is the current tax assessment for 218 Summit Way?
The most recent total assessment for 218 Summit Way (year 2025) is $49,660 with $8,142 in property tax.
How does 218 Summit Way's assessment compare to its last sale price?
The current assessment is 93.7% below the last sale price of $785,000.
When was 218 Summit Way built?
218 Summit Way was built in 2015.
How does 218 Summit Way compare to others on Summit Way?
We track 7 other properties on Summit Way. Browse the list under "Other properties on Summit Way" to compare beds, baths, and sale history.
What are the property facts for 218 Summit Way?
218 Summit Way is a 4 bed, 4 bath, 4,061 sqft, 6,064 sqft lot single_family.
Is 218 Summit Way a flip candidate?
No — 218 Summit Way does not appear in our flips dataset.
Is 218 Summit Way a tax-appeal candidate?
No — 218 Summit Way is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-5.0%
Implied 1-yr
-19.9%
2026 Q3
$641.4K
2026 Q4
$594.4K
ZIP 80516 — Median Price History + Forecast

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