NOT LISTED FOR SALE

1001 N Highway 50 Business Loop Olathe, CO 81425

Estimated Value: $266,704

13 Acres
$20,406 Price per Acre
569,329 Sq Ft Lot

Last Sold March 16, 2022

Last sale price $280,000

Est. 5% decrease in value since last sale

Current estimated payment $1,740/month

309 Days on Market

About This Lot

As of March 2022

Outstanding 13.07 acre property and 5.07 shares of irrigation water with development opportunities. The property has Town of Olathe water and sewer and the location of the property is easy to access from multiple directions.

Last Agent to Sell the Property

Mark Covington

RE/MAX Alpine View Listed on: 04/26/2021

RE/MAX Alpine View

Last Buyer's Agent

Aaron Tobler

RE/MAX Alpine View

RE/MAX Alpine View

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,446

Lot Details

  • 13.07 Acre Lot
  • Property is zoned Commercial

Schools

  • Olathe K-5 Elementary School
  • Olathe 6-8 Middle School
  • Olathe 9-12 High School

Farming

  • 5 Irrigated Acres

Utilities

  • Irrigation Water Rights
  • Septic System
  • Sewer Tap Fee

Listing and Financial Details

  • Security Deposit $6,000
  • Assessor Parcel Number 372309103002

Property Details

Property Type

Land

Est. Annual Taxes

$3,446

Lot Details

0

Listing Details

  • Class: Land
  • Em Holder: Land Title
  • Legal Lot Block: SUBD: ELMWOOD SUBD FILING NO 1 LOT: B S: 9 T: 50 R: 10
  • Lot Size Acreage: 11-20 Acres
  • Parcel Id Number: 372309103002
  • Zoning: Commercial
  • Domestic Sewer: Sewer Tap Available, Sewer Tap Paid, Sewer Tap Installed
  • Domestic Water: Public
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Irrigation Acres: 5.07
  • Estimated Total Acres: 13.07
  • Current Property Use: Residential Single Family, Commercial
  • Em Deposit: 6000
  • Water Rights Irrigation: Yes
  • Irr Water Descamnt: 5.7 shares
  • Mineral Rights: Unknown
  • Price Acre: 24483.55
  • Modularmobile Allow: Both
  • Price per Sq Ft: 0.56
  • Sewer Paid: Yes
  • Sewerseptic In: Yes
  • Sewer Tap Avail: Yes
  • Sold Priceacre: 21423.11
  • Water Tap Available: Yes
  • Water Tap Installed: Yes
  • Total Taxes Dollar: 3445.60
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Utilities

  • Water Tap Paid: Yes
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Irrigation Water District: UVWUA
  • Water Supplier: Town Of Olathe

Schools

  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8
  • High School: Olathe 9-12
  • High School: Olathe 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2020

MLS Schools

  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2021
Closed on
Mar 16, 2022
Sold by
Jaslan Llc
Bought by
West Slope Farm & Ranch Llc
Seller's Agent
Mark Covington
RE/MAX Alpine View
Buyer's Agent
Aaron Tobler
RE/MAX Alpine View
List Price
$320,000
Sold Price
$280,000
Premium/Discount to List
-$40,000
-12.5%
Current Estimated Value
$266,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,296

Purchase Details

Closed on
Apr 25, 2005
Sold by
Jaslan Llc
Bought by
H I G Enterprises Llc

Purchase Details

Closed on
May 11, 1999
Sold by
Beamer Phyllis
Bought by
Jaslan Llc

Purchase Details

Closed on
Feb 10, 1989
Sold by
United Bank Of Montrose National Associa
Bought by
Beamer Phyllis
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
West Slope Farm & Ranch Llc $280,000 None Listed On Document
H I G Enterprises Llc $262,500 None Available
Jaslan Llc $200,000 --
Beamer Phyllis $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jaslan Llc $77,682
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2022 03/16/22 Sold $280,000 -12.5% --
03/01/2022 03/01/22 Pending -- -- --
04/26/2021 04/26/21 For Sale $320,000 -- --
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,908 $213,550 $59,080 $154,470
2023 $16,908 $230,670 $61,410 $169,260
2022 $3,771 $51,180 $51,180 $0
2021 $3,787 $51,180 $51,180 $0
2020 $3,446 $47,390 $47,390 $0
2019 $1,206 $17,120 $11,680 $5,440
2018 $1,173 $16,100 $11,200 $4,900
2017 $1,153 $16,100 $11,200 $4,900
2016 $1,199 $16,940 $12,380 $4,560
2015 $1,115 $16,940 $12,380 $4,560
2014 $1,088 $17,540 $13,060 $4,480
Source: Public Records

Agents Affiliated with this Home

  • Mark Covington

    Seller's Agent in 2022

    Mark Covington

    RE/MAX

    (970) 209-1956

    239 Total Sales

    Mark Covington
    Section Image
  • Aaron Tobler

    Buyer's Agent in 2022

    Aaron Tobler

    RE/MAX

    (970) 249-6658

    237 Total Sales

    Aaron Tobler
    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 781131

Colorado Real Estate Network (CREN)

APN: R0008511

Colorado Montrose County Olathe 81425

1001 N Highway 50 Business Loop, Olathe, CO

This home is located at 1001 N Highway 50 Business Loop, Olathe, CO 81425 since 26 April 2021 and is currently priced at $266,704. 1001 N Highway 50 Business Loop is a home located in Montrose County with nearby schools including Olathe Elementary School, Olathe Middle and High School, and Olathe Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Colorado Real Estate Network (CREN) IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

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