18620 Oil Well Rd Ramah, CO 80832
Calhan-Ramah Neighborhood
2
Beds
1.5
Baths
760
Sq Ft
320
Acres
Highlights
- Horses Allowed On Property
- Estate
- Open Floorplan
- RV Garage
- 320 Acre Lot
- Pasture Views
About This Home
As of May 2025Discover the charm and expansive beauty of this remarkable 320-acre ranch, a testament to early 20th-century pioneering endeavor. Established in 1924, this property offers a unique blend of historical cattle ranch combined with the peace of living in a peaceful and serene rural living atmosphere.
Comes with a long term cell tower lease that provides instant cash flow that makes this property even more desirable.
The centerpiece of the ranch is a quaint 760-square-foot ranch-style home with a rustic style and simple, functional design. The home features a cozy layout with a welcoming living area, a practical kitchen, and comfortable bedrooms. Many windows provide panoramic views of the sprawling landscape, allowing the natural beauty of Colorado to become a part of your daily life.
The ranch is complemented by seven diverse outbuildings, including several barns, sheds, and a Quonset hut. These structures offer ample space for livestock, equipment storage, and various agricultural needs, making this property ideal for farming, cattle or many other ranching endeavors. With its distinctive curved design, the Quonset provides a versatile space that can be adapted for numerous uses.
The vast 320 acres of gently rolling terrain are a perfect canvas for agricultural activities, outdoor recreation, or simply enjoying the tranquility of the open countryside. The land is dotted with pockets of native flora and offers unobstructed views of the expansive Colorado sky, creating a picturesque and peaceful environment.
Located in the tranquil community of Ramah, Colorado, this historic ranch offers a unique opportunity to own a piece of the past while embracing the wide-open spaces of the present. Whether you’re looking to continue a legacy of agricultural heritage or seeking a serene escape from the hustle and bustle, this ranch is a rare gem that invites you to create new memories amidst its storied landscape.
Last Agent to Sell the Property
Compass - Denver Brokerage Email: erin.susser@compass.com,303-887-4008 License #100073219 Listed on: 08/19/2024
Co-Listed By
Compass - Denver Brokerage Email: erin.susser@compass.com,303-887-4008 License #100098822
Last Buyer's Agent
Compass - Denver Brokerage Email: erin.susser@compass.com,303-887-4008 License #100098822
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $823
Year Built
- Built in 1924
Lot Details
- 320 Acre Lot
- Property fronts a private road
- Suitable For Grazing
- Corner Lot
- Level Lot
- Private Yard
- Garden
- Property is zoned A-35
Parking
- 13 Car Garage
- Parking Storage or Cabinetry
- Heated Garage
- Lighted Parking
- Tandem Parking
- Exterior Access Door
- Gravel Driveway
- Dirt Driveway
- RV Garage
Property Views
- Pasture
- Meadow
Home Design
- Estate
- Fixer Upper
- Frame Construction
- Metal Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1-Story Property
- Open Floorplan
- Ceiling Fan
Kitchen
- Cooktop
- Microwave
- Disposal
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms | 1 Main Level Bedroom
Laundry
- Dryer
- Washer
Basement
- Bedroom in Basement
- Basement Cellar
- 1 Bedroom in Basement
Outdoor Features
- Balcony
- Deck
Schools
- Simla Elementary And Middle School
- Simla High School
Horse Facilities and Amenities
- Palpation Chute
- Horses Allowed On Property
- Paddocks
Utilities
- No Cooling
- Forced Air Heating System
- Well
- Septic Tank
Additional Features
- Garage doors are at least 85 inches wide
- Loafing Shed
Community Details
- No Home Owners Association
- Ramah Subdivision
- Foothills
Listing and Financial Details
- Assessor Parcel Number 01000-00-161
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 19, 2024
Closed on
May 9, 2025
Sold by
Mazerall Mark J
Bought by
Patterson Jared
Seller's Agent
Dustin Wager
Legends Real Estate
Buyer's Agent
Dustin Wager
Legends Real Estate
List Price
$635,000
Sold Price
$550,000
Premium/Discount to List
-$85,000
-13.39%
Views
64
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-57.40%
Original Mortgage
$540,000
Outstanding Balance
$533,618
Interest Rate
6.64%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$77,763
Purchase Details
Listed on
Dec 19, 2024
Closed on
Mar 19, 2025
Sold by
Mazerall Mark J
Bought by
Wild Horse 401K Trust
Seller's Agent
Dustin Wager
Legends Real Estate
Buyer's Agent
Dustin Wager
Legends Real Estate
List Price
$635,000
Sold Price
$550,000
Premium/Discount to List
-$85,000
-13.39%
Views
64
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$533,618
Interest Rate
6.64%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$77,763
Purchase Details
Listed on
Aug 19, 2024
Closed on
Oct 25, 2024
Sold by
Stark John Wayne
Bought by
Mazerall Mark J
Seller's Agent
Erin Susser
Compass - Denver
Buyer's Agent
Jonathan Susser
Compass - Denver
List Price
$775,000
Sold Price
$735,000
Premium/Discount to List
-$40,000
-5.16%
Views
23
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-41.55%
Original Mortgage
$551,000
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving
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Welcome to this beautifully renovated historic ranch in Elbert County—a rare 118-acre gem offering both modern comfort and timeless charm. With the scenic West Bijou Creek bed meandering through the property, this ranch is ideal for a working cattle or horse operation, or simply as a peaceful hobby farm retreat.The original log cabin homestead still stands in good condition, offering a
Cooper Raines Colorado Home Realty
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $550,000 | First Integrity Title | |
| Special Warranty Deed | $313,500 | Stewart Title | |
| Personal Reps Deed | $735,000 | Land Title Guarantee Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $540,000 | Credit Line Revolving | |
| Previous Owner | $551,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $550,000 | +0.2% | $557 / Sq Ft |
| 03/31/2025 03/31/25 | Price Changed | $549,000 | -4.5% | $556 / Sq Ft |
| 03/05/2025 03/05/25 | Price Changed | $575,000 | -4.0% | $582 / Sq Ft |
| 02/17/2025 02/17/25 | Price Changed | $599,000 | -4.2% | $606 / Sq Ft |
| 01/30/2025 01/30/25 | Price Changed | $625,000 | -1.6% | $633 / Sq Ft |
| 12/19/2024 12/19/24 | For Sale | $635,000 | -13.6% | $643 / Sq Ft |
| 10/25/2024 10/25/24 | Sold | $735,000 | -5.2% | $967 / Sq Ft |
| 08/19/2024 08/19/24 | For Sale | $775,000 | -- | $1,020 / Sq Ft |
Source: REcolorado®
Tax History Compared to Growth
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 | $843 | -- | -- | -- |
| 2024 | $823 | $21,060 | $3,430 | $17,630 |
| 2023 | $823 | $21,060 | $3,430 | $17,630 |
| 2022 | $823 | $16,850 | $3,360 | $13,490 |
| 2021 | $893 | $17,940 | $3,660 | $14,280 |
Source: Public Records
Agents Affiliated with this Home
-
Dustin Wager
Seller's Agent in 2025
Dustin Wager
Legends Real Estate
(303) 725-8391
5 in this area
68 Total Sales
-
Ronda Wager
Seller Co-Listing Agent in 2025
Ronda Wager
Legends Real Estate
(303) 588-2740
2 in this area
44 Total Sales
-
Erin Susser
Seller's Agent in 2024
Erin Susser
Compass - Denver
(303) 887-4008
1 in this area
63 Total Sales
-
Jonathan Susser
J
Seller Co-Listing Agent in 2024
Jonathan Susser
Compass - Denver
(720) 560-8770
1 in this area
17 Total Sales
Map
Source: REcolorado®
MLS Number: 8470065
APN: 01000-00-161
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