NOT LISTED FOR SALE

1266 Otto Rd Cheyenne, WY 82009

Estimated Value: $814,000

253.2 Acres
$3,215 Price per Acre
11,029,390 Sq Ft Lot

Last Sold April 26, 2024

Current estimated payment $4,318/month

264 Days on Market

Highlights

  • Horses Allowed On Property
  • Native Plants
  • Lot Has A Rolling Slope
  • 253.2 Acre Lot

About This Lot

As of April 2024

Homestead Estates is a 253-acre parcel of land that has been approved as a 45 lot subdivision and is located just minutes west of Cheyenne. This property is ready to be developed with no covenants in place. Preliminary Development Plan & Land Analysis available upon request along with test well results. This prime piece of real estate is well positioned for residents looking to take full advantage of the rolling hills and mountain vistas, which are in close proximity to both Interstate 25 and Interstate 80. Cheyenne offers a variety of opportunities for higher education degrees at Laramie County Community College, as well as many outdoor recreational activities at nearby Curt Gowdy State Park. For those seeking even more outdoor adventure, Medicine Bow National Park is just over the summit to the west, providing camping and hiking opportunities along with Snowy Range Ski Area. Additionally, the University of Wyoming in Laramie is just a short drive away. Cheyenne's location is ideal for those who love to travel, being within 100 miles of Denver, Colorado, and Denver International Airport. Homestead Estates is the perfect location for those seeking adventure, education, and a beautiful place to call home.

Last Agent to Sell the Property

Amy Smith

Frontier Home and Ranch Real Estate License #10289 Listed on: 07/06/2023

Last Buyer's Agent

Cliff Ferree

#1 Properties License #RE-15301

#1 Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $247

Lot Details

  • 253.2 Acre Lot
  • Native Plants
  • Lot Has A Rolling Slope

Horse Facilities and Amenities

  • Horses Allowed On Property

Community Details

Overview

  • Homestead Estates Subdivision

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$247

Lot Details

253.2 Acres

Listing Details

  • Class: Lots/Land
  • Type: Unimproved Residential
  • Taxes: 246.67
  • Tax Year: 2022
  • Land Characteristics: Native Grass, Rolling
  • Manufac Or Modular Allowd: Mod/Stick Blt Allwd W/ Covenants, Manuf Not Allwd
  • Miscellaneous: No Covenants, Assoc Docs In Paragon
  • Earnest Money Payable To: Flying S Title & Escrow
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Horse Features: Horses Allowed

Exterior Features

  • Acreage: 253.2

Utilities

  • Electric: Nearby
  • Gas: Needed

Lot Info

  • Geo Subdivision: WY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Apr 26, 2024
Sold by
Swagger Construction Llc
Bought by
King Ranch Company Limited Partnership
Seller's Agent
Amy Smith
Frontier Home and Ranch Real Estate
Buyer's Agent
Cliff Ferree
#1 Properties
List Price
$850,000
Views
93
Current Estimated Value
$814,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.92%
Original Mortgage
$353,233
Outstanding Balance
$348,147
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$465,853

Purchase Details

Closed on
Apr 22, 2006
Sold by
Weber Margaret
Bought by
Weber Earl Maxwell and Weber Michael Christopher
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
King Ranch Company Limited Partnership -- None Listed On Document
Weber Earl Maxwell -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Ranch Company Limited Partnership $353,233
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2024 04/26/24 Sold -- -- --
03/26/2024 03/26/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $850,000 0.0% --
02/08/2024 02/08/24 Pending -- -- --
01/03/2024 01/03/24 Price Changed $850,000 -15.0% --
11/15/2023 11/15/23 Price Changed $1,000,000 -9.1% --
10/27/2023 10/27/23 Price Changed $1,100,000 -26.7% --
07/06/2023 07/06/23 For Sale $1,500,000 -- --
Source: Cheyenne Board 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 $999 $3,679 $3,368 $311
2024 $999 $15,201 $14,886 $315
2023 $1,004 $15,279 $14,886 $393
2022 $227 $3,374 $3,055 $319
2021 $236 $3,498 $3,224 $274
2020 $217 $3,233 $2,959 $274
2019 $221 $3,285 $3,007 $278
2018 $214 $3,216 $2,959 $257
2017 $205 $3,049 $2,791 $258
2016 $191 $2,847 $2,598 $249
2015 $175 $2,602 $2,358 $244
2014 $171 $2,526 $2,286 $240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cheyenne Board of REALTORS®

MLS Number: 90521

Cheyenne Board of REALTORS®

APN: 0-0013-0068-1802-0

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