NOT LISTED FOR SALE

16767 U S 491 Cortez, CO 81321

Estimated Value: $690,491

97.99 Acres
$7,047 Price per Acre
4,268,444 Sq Ft Lot

Last Sold May 20, 2024

Last sale price $715,000

Est. 3% decrease in value since last sale

Current estimated payment $3,682/month

199 Days on Market

Highlights

  • Horses Allowed On Property
  • 97.99 Acre Lot
  • Pasture
  • Home fronts a pond
  • Mountain View
  • Hay Barn

About This Lot

As of May 2024

Irrigated farm and ranch north of Cortez, Colorado with 98 more or less acres, 80 shares of Montezuma Valley Irrigation (MVI) plus live water. MVI water comes from McPhee Reservoir which is the 2nd largest reservoir in the state, and one MVI share = 5.62 gallons per minute of water. The live water is in the Lee Ditch which includes 3 c.f.s adjudicated water for farming and livestock with a historic date of 1910. Property is fully fenced, has 5 siderolls and outstanding mountain views. There's easy access off of State Highway 491, with wide shoulders and good visibility. Once the old barn and stackyard are cleared it's the ideal setting for a home site and new barn. Access to mature shade trees, including an apple tree, live water and pond are ideal for livestock. The fields have been used for grazing for many years now and will need a little attention to get the irrigation system back to its peak. Outstanding horse property with the perfect location for a barndominium. This is good farmland and has historically produced some of the best quality hay in the Four Corners region.

Last Agent to Sell the Property

Randy Carver

Altitude Realty Listed on: 09/05/2023

Co-Listed By

Julie SUCKLA

Altitude Realty

Last Buyer's Agent

Randy Carver

Altitude Realty Listed on: 09/05/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $549

Lot Details

  • 97.99 Acre Lot
  • Home fronts a pond
  • Cross Fenced
  • Property is Fully Fenced
  • Barbed Wire
  • Level Lot
  • Property is zoned Agriculture

Property Views

  • Mountain
  • Valley

Schools

  • Lewis-Arriola K-5 Elementary School
  • Cortez 6-8 Middle School
  • Montezuma-Cortez 9-12 High School

Farming

  • Hay Barn
  • 80 Irrigated Acres
  • Hay
  • Pasture
  • Cattle
  • Hogs
  • Livestock
  • Sheep or Goats

Additional Features

  • Horses Allowed On Property
  • Irrigation Water Rights

Community Details

  • Stream Seasonal

Listing and Financial Details

  • Security Deposit $20,000
  • Assessor Parcel Number 535719400010

Property Details

Property Type

Land

Est. Annual Taxes

$549

Lot Details

0

Listing Details

  • Class: Land
  • Em Holder: Title Company
  • Horse Setup: Yes
  • Legal Lot Block: Section: 19 Township: 37 Range: 16 N1/2SE1/4 & NE1/4 W OF HWY; 103.98AC B 702 P 14-17
  • Livestock Allowed: Cattle, Horses, Poultry, Sheep, Swine
  • Lot Size Acreage: 101-200 Acres
  • Parcel Id Number: 535719400010
  • Street Descriptionaccess: State Highway, Public Winter Maintenance
  • Waterfront Type: Pond, Seasonal Stream/Spring
  • Zoning: Agriculture
  • Domestic Water: Tap Available
  • Type: Agricultural
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Irrigation Acres: 80
  • Estimated Total Acres: 97.99
  • Current Property Use: Hay Pasture/Prod., Ag/Livestock, Irrigated Farmland, Pasture(irrigated)
  • Em Deposit: 20,000
  • Possible Property Use: Commercial, Ag/Row Crops, Dairy, Orchard, Tree Farm
  • Water Rights Irrigation: Yes
  • Irr Water Descamnt: 80MVI 3cfs
  • Mineral Rights: Unknown
  • Topography: Level, Rolling
  • Modularmobile Allow: Both
  • Outbuildngsstructures: Hay Barn
  • Price per Sq Ft: 0.17
  • Sold Priceacre: 7296.66
  • Water Tap Available: Yes
  • Total Taxes Dollar: $549.44
  • Prop Description Remarks: Irrigated farm and ranch north of Cortez, Colorado with 98 more or less acres, 80 shares of Montezuma Valley Irrigation (MVI) plus live water. MVI water comes from McPhee Reservoir which is the 2nd largest reservoir in the state, and one MVI share = 5.62 gallons per minute of water. The live water is in the Lee Ditch which includes 3 c.f.s adjudicated water for farming and livestock with a historic date of 1910. Property is fully fenced, has 5 siderolls and outstanding mountain views. There's easy access off of State Highway 491, with wide shoulders and good visibility. Once the old barn and stackyard are cleared it's the ideal setting for a home site and new barn. Access to mature shade trees, including an apple tree, live water and pond are ideal for livestock. The fields have been used for grazing for many years now and will need a little attention to get the irrigation system back to its peak. Outstanding horse property with the perfect location for a barndominium. This is good farmland and has historically produced some of the best quality hay in the Four Corners region.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Fence: Barbed Wire, Cross Fence, Full Property
  • Views: Mountains, Valley
  • Waterfront: Yes

Utilities

  • Utilities: Electricity Near, Phone - Cell Reception
  • Electric Supplier: Empire Electric Association, Inc
  • Irrigation Water District: MVI
  • Water Supplier: Montezuma Water Company

Schools

  • High School: Montezuma-Cortez 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Lewis-Arriola K-5
  • Middle School: Cortez 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2023
Closed on
May 21, 2024
Sold by
Bayless Ranches Llc and Bayless Robert L
Bought by
Ost Colorado Llc
Seller's Agent
Randy Carver
Altitude Realty
Buyer's Agent
Randy Carver
Altitude Realty
List Price
$717,462
Sold Price
$715,000
Premium/Discount to List
-$2,462
-0.34%
Views
56
Current Estimated Value
$690,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,509
Avg. Annual Appreciation
-2.23%

Purchase Details

Closed on
Jun 27, 1994
Sold by
Bayless Robert L and Bayless Ber
Bought by
Bayless Ranches Llc
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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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
Ost Colorado Llc -- None Listed On Document
Ost Colorado Llc $715,000 None Listed On Document
Bayless Ranches Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2024 05/20/24 Sold $715,000 -0.3% --
03/22/2024 03/22/24 Pending -- -- --
09/05/2023 09/05/23 For Sale $717,462 -- --
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 $599 $11,928 $7,667 $4,261
2023 $599 $12,185 $7,924 $4,261
2022 $720 $15,969 $12,847 $3,122
2021 $781 $15,969 $12,847 $3,122
2020 $663 $14,125 $13,224 $901
2019 $663 $14,125 $13,224 $901
2018 $937 $19,140 $18,520 $620
2017 $896 $19,140 $18,520 $620
2016 $733 $15,850 $15,230 $620
2015 $727 $64,130 $0 $0
2014 $528 $11,770 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 807658

Colorado Real Estate Network (CREN)

APN: R015187