NOT LISTED FOR SALE

1226 County Road X45 Norwood, CO 81423

Estimated Value: $1,156,148

3 Beds
2 Baths
3,000 Sq Ft
$385/Sq Ft Est. Value

Sale Details

Date Sold: March 27, 2025

Last sale price $1,200,000 $400 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,237 / mo

186 Days on Market

About This Home

As of March 2025

The Farnham Ranch is a beautiful working ranch located on Wright's Mesa, just 45 minutes from Telluride and 5 minutes from Norwood, Colorado. The 157-acre property includes a historic farmhouse with a 1997 addition featuring an open living/dining area that opens out into an expansive back yard. The three-bedroom, two-bath home includes a custom-built wood burning fireplace and is ready for its new owners to mold it to their vision of country life. A detached five-car barn/garage, and two workshops offer plenty of space for toys or ranch equipment storage while two haybarns, five ponds, multiple corrals, large livestock barn and 75 shares of Farmer's water provides everything needed to maintain the property as a working ranch. Mountain views, privacy and year-round access

Last Agent to Sell the Property

Jim Lucarelli

Compass Colorado - Telluride License #EA1312475 Listed on: 08/09/2024

Compass Colorado - Telluride

Last Buyer's Agent

Jim Lucarelli

Compass Colorado - Telluride License #EA1312475 Listed on: 08/09/2024

Compass Colorado - Telluride

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,747

Year Built

  • Built in 1930

Lot Details

  • 157.24 Acre Lot

Parking

  • 5 Car Garage

Home Design

  • 3,000 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,747

Year Built

Built in 1930

Lot Details

157.24 Acres

Listing Details

  • Directions: call broker
  • Listing Member Name: Jim Lucarelli
  • Listing Office Short Id: compass
  • Major Area: 50
  • Estimated Number of Acres: 157.24
  • Prop. Type: Residential
  • Selling Member Short Id: 52
  • Selling Office Short Id: compass
  • Home Age: 40+ Years
  • Deed Restrict: None
  • FILLSUBDIVISION: None
  • Property Sub Type: County Over 35 Acres
  • Year Built: 1930
  • Year Renovated: 1997.00
  • Special Features: None

Interior Features

  • EstFinishedSqFt: 3000.00
  • Source Sq Ft: Owner
  • Lower Floor 1 Bedrooms: 3

Exterior Features

  • Disclosures: Leased
  • Lot Number: 3
  • View: Lone Cone

Garage/Parking

  • Parking: 5+ Car Garage

Fee Information

  • Taxes: 1747.44

Lot Info

  • Zoning: Residential
  • Lofts: None

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Mar 27, 2025
Sold by
Walter B Farnham Declaration Of Trust
Bought by
Courageous 12-26 Ltd
Seller's Agent
Jim Lucarelli
Compass Colorado - Telluride
Buyer's Agent
Jim Lucarelli
Compass Colorado - Telluride
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Views
30
Current Estimated Value
$1,156,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,852
Avg. Annual Appreciation
-3.33%

Purchase Details

Listed on
Aug 9, 2024
Closed on
Mar 25, 2025
Sold by
Walter B Farnham Declaration Of Trust
Bought by
Courageous 12-26 Ltd
Seller's Agent
Jim Lucarelli
Compass Colorado - Telluride
Buyer's Agent
Jim Lucarelli
Compass Colorado - Telluride
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Views
30

Purchase Details

Closed on
Feb 20, 1997
Sold by
Farnham Rebecca D
Bought by
Farnham Walter D

Purchase Details

Closed on
Aug 5, 1993
Sold by
Farnham Walter B and Farnham Rebecca D
Bought by
Farnham Walter B and Farnham Rebecca D

Purchase Details

Closed on
Jan 5, 1991
Sold by
Cornforth Ranch
Bought by
Farnham W W and Farnham R

Purchase Details

Closed on
Dec 1, 1981
Bought by
Cornforth Ranch
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Courageous 12-26 Ltd $1,200,000 Land Title Guarantee Company
Courageous 12-26 Ltd -- Land Title Guarantee Company
Farnham Walter D -- --
Farnham Walter B -- --
Farnham W W $71,300 --
Cornforth Ranch -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2025 03/27/25 Sold $1,200,000 -7.7% $400 / Sq Ft
02/12/2025 02/12/25 Pending -- -- --
10/12/2024 10/12/24 For Sale $1,300,000 0.0% $433 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $1,300,000 -- $433 / Sq Ft
Source: Telluride Association of REALTORS®

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
2025 $1,283 $38,230 $10,710 $27,520
2024 $1,617 $40,420 $12,010 $28,410
2023 $571 $40,570 $12,010 $28,560
2022 $1,402 $40,570 $12,010 $28,560
2021 $1,529 $38,010 $11,130 $26,880
2020 $500 $34,680 $9,510 $25,170
2019 $1,569 $34,680 $9,510 $25,170
2018 $1,596 $28,460 $0 $0
2017 $1,511 $28,460 $9,480 $18,980
2016 $1,441 $28,210 $10,230 $17,980
2015 $1,158 $15,660 $5,120 $10,540
2014 $1,142 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Lucarelli

    Seller's Agent in 2025

    Jim Lucarelli

    Compass Colorado - Telluride

    (970) 708-2255

    69 Total Sales

    Jim Lucarelli
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Map

Source: Telluride Association of REALTORS®

MLS Number: 42843

Telluride Association of REALTORS®

APN: 203-0093400

Colorado San Miguel County Norwood 81423

1226 County Road X45, Norwood, CO

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