NOT LISTED FOR SALE

16 Saddle String Dr Cody, WY 82414

Estimated Value: $701,000 - $1,253,000

4 Beds
3 Baths
2,868 Sq Ft
$318/Sq Ft Est. Value

Last Sold March 16, 2023

Current estimated payment $5,475/month

302 Days on Market

Highlights

  • Guest House
  • Landscaped
  • Forced Air Heating and Cooling System

About This Home

As of March 2023

INVESTMENT OPPORTUNITY! Amazing opportunity to own a multi- family/ multi use Log Cabin facility. This property promotes 4 cabins and a shop on 2.64 acres. All 4 cabins are custom built by Log Home builder Randy Olson. 3 Cabins are built with full kitchen, laundry rooms, and multiple amenities. They are 3 minutes from the local airport, 5 minutes from the town of Cody, WY, and 1 hour from Yellowstone National Park. This area has become a serious tourist destination. This facility makes a great family getaway or a short term vacation rental business. It is approved for both long and short term rentals and more rental cabins could be added to the property. The property is selling "as is, where is." Recreational opportunities abound in the local area and rentals fill up quickly. CHECK IT OUT!

Last Agent to Sell the Property

Heidi Robinson

DBW Realty License #RE-16516 Listed on: 04/10/2022

Last Buyer's Agent

Jonathan Robinson

Fay Ranches License #RE-15209

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,552

Year Built

  • Built in 1998

Lot Details

  • 2.64 Acre Lot
  • Landscaped

Parking

  • 3 Car Garage

Home Design

  • 2,868 Sq Ft Home
  • Frame Construction
  • Log Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Additional Homes

  • Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • Saddle String Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,552

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Estimated Above Grade Sq Ft: 2868
  • Estimated Lot Sq Ft: 114998.4
  • Estimated Year Built: 1998
  • Comments: INVESTMENT OPPORTUNITY! Amazing opportunity to own a multi- family/ multi use Log Cabin facility. This property promotes 4 cabins and a shop on 2.64 acres. All 4 cabins are custom built by Log Home builder Randy Olson. 3 Cabins are built with full kitchen, laundry rooms, and multiple amenities. They are 3 minutes from the local airport, 5 minutes from the town of Cody, WY, and 1 hour from Yellowstone National Park. This area has become a serious tourist destination. This facility makes a great family getaway or a short term vacation rental business. It is approved for both long and short term rentals and more rental cabins could be added to the property. The property is selling "as is, where is." Recreational opportunities abound in the local area and rentals fill up quickly. CHECK IT OUT!
  • Detailed Zoning: Planned Unit Development (P.U.D.)
  • Garage Type Stalls: 3 Stalls
  • Heating Stove Type: None
  • Legal Description: SADDLE STRING SUB. LOT 3 (2ND AMENDED) LOT 3A (2.64 AC. - 2.43 AC. NET), PARK COUNTY, WY
  • Primary Heat: Natural Gas, Forced Air
  • Secondary Heat: Wall
  • House Type: Stand-Alone
  • L O1 Office Phone1 Number: 307-254-3648
  • MediaType: Single Family Residence
  • Estimated Deeded Acres: 2.64
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1998

Interior Features

  • Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Estimated Total Sq Ft: 2868
  • Basement YN: No

Exterior Features

  • Construction: Frame, Log
  • Exterior Features: Acreage Fenced, Guest House, Landscaping, Natural Gas to Property
  • Exterior Siding: Log

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air

Schools

  • School District: Park County District #6

MLS Schools

  • School District: Park County District #6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2022
Closed on
Mar 16, 2023
Sold by
Paddock Denise Ryan King
Bought by
Saddlestring Ranch Llc
Seller's Agent
Heidi Robinson
DBW Realty
Buyer's Agent
Jonathan Robinson
Fay Ranches
List Price
$2,100,000
Sold Price
$820,000
Premium/Discount to List
-$1,280,000
-60.95%
Total Days on Market
302
Views
998
Current Estimated Value
$911,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,327

Purchase Details

Closed on
Apr 17, 2020
Sold by
Paddock John Warren and Paddock Denise Ryan
Bought by
Paddock Denise Ryan King

Purchase Details

Closed on
Oct 16, 2014
Sold by
Dodson Charles M and Dodson Denise Y
Bought by
Davis James Timothy and Davis Linda T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
4.12%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Saddlestring Ranch Llc -- --
Paddock Denise Ryan King -- None Available
Davis James Timothy -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis James Timothy $74,000
Previous Owner Davis James Timothy $60,000
Previous Owner Davis James Timothy $133,776
Previous Owner Davis James T $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2023 03/16/23 Sold -- -- --
10/29/2022 10/29/22 Price Changed $950,000 -12.0% $331 / Sq Ft
09/29/2022 09/29/22 Price Changed $1,080,000 -48.6% $377 / Sq Ft
04/10/2022 04/10/22 For Sale $2,100,000 -- $732 / Sq Ft
Source: Northwest Wyoming Board of REALTORS®

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 $4,552 $65,492 $4,275 $61,217
2023 $4,853 $69,827 $4,275 $65,552
2022 $3,872 $55,227 $4,275 $50,952
2021 $3,533 $50,478 $3,658 $46,820
2020 $3,253 $46,475 $3,040 $43,435
2019 $3,132 $44,741 $3,040 $41,701
2018 $2,978 $42,544 $3,040 $39,504
2017 $2,776 $39,658 $3,040 $36,618
2016 $2,662 $38,029 $3,040 $34,989
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Wyoming Board of REALTORS®

MLS Number: 10017873

Northwest Wyoming Board of REALTORS®

APN: 06520191131301