$745,000
$95K PRICE DROP

1893 County Road 127 Penrose, CO 81240

Estimated payment $4,108/month

Total Views 116,151
4 Beds
3.5 Baths
4,405 Sq Ft
$169 Price per Sq Ft

Highlights

  • Horses Allowed On Property
  • Bonus Room
  • 4 Car Attached Garage
  • 39.09 Acre Lot
  • No HOA
  • Patio

About This Home

Nestled just outside the city, this wonderful 4,405 SF home offers the perfect blend of peaceful country living and easy access to city amenities and employment. Built in 1992, the home features 4 spacious bedrooms and 3.5 baths. The finished basement includes a second kitchen, creating a private apartment-style space ideal for guests or multigenerational living. The main kitchen is generous in size and equipped with granite countertops, stainless steel appliances, and a breakfast bar—perfect for casual meals. A giant dining area is perfect for large holidays, and a massive pantry offers storage space that could last through anything—even a zombie apocalypse! Enjoy efficient heating and cooling with baseboard hot water heat, three mini-split units, and a cozy pellet stove. The sunroom invites you to grow plants year-round or simply relax with a book in natural light. Outside, unwind in the hot tub (negotiable with the sale) and enjoy the rare convenience of having both city water for the home and an agricultural well for irrigation and livestock. The property also includes an attached garage, a huge, detached garage with a workshop, a chicken coop, and a loafing shed—ideal for hobby farming or rural projects. Situated on 38 acres with varied terrain you can bring all of your furry friends, enjoy private ATV/walking/equestrian trails or just delight in the privacy that this acreage creates. If 38 acres isn't enough, do not fret! Just a few parcels away you will find hundreds of acres of state land and Brush Hollow Reservoir is just a quick ride away providing fishing and outdoor joy. This property truly lets you live the country dream while staying close to your city job. Enjoy commuting from this property driving the beautiful and relaxing mostly traffic free road which is so much better than fighting the City traffic when commuting from the Northern areas of Colorado Springs! Great home to use to a vacation rental with ample space for large parties!

Listing Agent

Shelley Keller

HomeSmart Preferred Realty Brokerage Email: ksjkkeller@gmail.com,719-415-9998 License #100066022 Listed on: 05/29/2025

HomeSmart Preferred Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,651

Year Built

  • Built in 1992

Lot Details

  • 39.09 Acre Lot
  • Dirt Road
  • Open Space
  • Partially Fenced Property
  • Sloped Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Bonus Room
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Basement

  • Walk-Out Basement
  • Partial Basement

Schools

  • Penrose Elementary School
  • Fremont Middle School
  • Florence High School

Utilities

  • Central Air
  • Baseboard Heating
  • 220 Volts in Garage
  • Propane
  • Well
  • Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Patio
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: call listing office
  • Assessor Parcel Number 98804304

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,651

Year Built

Built in 1992

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Structure Type: House
  • Levels: Two
  • Year Built: 1992
  • Above Grade Finished Sq Ft: 2509
  • Exclusions: call listing office
  • Living Area: 4405
  • Directions: From Highway-50 traveling East, take the CO-115 exit, towards Penrose, turn left (West) on 3rd street turn right onto E St. (turns into County Rd 127), property is on the right about 2 miles up this road
  • SubdivisionName: *
  • Ownership: Individual
  • Property Attached Yn: No
  • REC_BasementLevelBathrooms: 1
  • REC_BasementLevelBedrooms: 0
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • REC_WaterIncludedYN: 1
  • Attribution Contact: ksjkkeller@gmail.com,719-415-9998
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Partial, Walk-Out Access
  • Basement: Yes
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1896
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame
  • Patio and Porch Features: Patio
  • Road Surface Type: Dirt, Paved

Garage/Parking

  • Parking Features: 220 Volts
  • Attached Garage: Yes
  • Garage Spaces: 4
  • Total Parking Spaces: 4
  • REC_ParkingCount: 2

Utilities

  • Utilities: Cable Available, Electricity Connected, Propane
  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: Baseboard, Hot Water
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Fremont

Lot Info

  • Horses: Yes
  • Parcel Number: 98804304
  • Lot Size Acres: 39.09
  • Fencing: Partial
  • Building Area Total: 4405
  • Lot Features: Open Space, Sloped
  • Lot Size Sq Ft: 1702760.4

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1651

MLS Schools

  • Elementary School: Penrose
  • High School: Florence

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,303 $48,978 $0 $0
2023 $3,303 $45,293 $0 $0
2022 $2,789 $38,718 $0 $0
2021 $2,825 $39,832 $0 $0
2020 $1,946 $32,160 $0 $0
2019 $1,635 $26,874 $0 $0
2018 $1,349 $22,237 $0 $0
2017 $1,352 $22,237 $0 $0
2016 $1,479 $24,330 $0 $0
2015 $1,460 $24,330 $0 $0
2012 $1,425 $21,877 $4,776 $17,101
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 Price Changed $745,000 -6.8% $169 / Sq Ft
07/08/2025 07/08/25 Price Changed $799,000 -2.0% $181 / Sq Ft
06/06/2025 06/06/25 Price Changed $815,000 -3.0% $185 / Sq Ft
05/29/2025 05/29/25 For Sale $840,000 -- $191 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Legacy Title Group
Warranty Deed $520,000 Stewart Title
Warranty Deed $325,000 Stewart Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $60,000 New Conventional
Open $455,817 VA
Closed $463,162 VA
Previous Owner $250,000 New Conventional
Source: Public Records

About the Listing Agent

Shelley Keller

HomeSmart Preferred Realty

(719) 652-5690

Section Image

Shelley has been involved in real estate her whole life. Her father practiced real estate and after she graduated college, she decided to follow in his footsteps. Shelley is licensed in multiple states and has worked in many types of markets. She used to type HUD contracts on a typewriter with carbon copy contracts (no mistakes allowed!). Shelley and her husband used to run a new construction company. They have bought and sold many homes and she has helped numerous families buy and sell homes.

Shelley's Other Listings

  • 432 Red Rock Cir, Penrose, CO 81240

    $975,000 Under Contract

    • 5 Beds
    • 3.5 Baths
    • 3,012 Sq Ft
    • 432 Red Rock Cir
    • Penrose, CO

    Nestled amidst the iconic Red Rocks of Penrose, Colorado, this exceptional 5-bedroom, 4-bathroom home offers 3,012 sq ft of meticulously designed living space on 36.93 acres. The expansive open kitchen serves as the heart of the home, featuring Crema Bordeaux granite countertops, a spacious island with seating, solid wood cabinetry, and premium Wolf appliances, including a double oven and

    Shelley Keller Homesmart Preferred Realty

    Section Image
  • 3528 Telegraph Trail, Cañon City, CO 81212

    $600,000

    • 4 Beds
    • 2 Baths
    • 2,142 Sq Ft
    • 3528 Telegraph Trail
    • Cañon City, CO

    Nestled on the 2nd tee of the prestigious Four Mile Ranch Golf Course in scenic Canon City, CO, this custom-built 4-bedroom, 2-bath home offers luxurious living with breathtaking, unobstructed views of the golf course and mountains, as the city skyline peeks through the ridges. Situated on the desirable east end of town, this home combines elegance, efficiency, and comfort in a serene golf course

    Shelley Keller HomeSmart Preferred Realty

    Section Image
  • 1400 Red Canyon Rd, Canon City, CO 81212

    $395,000

    • 4 Beds
    • 2.5 Baths
    • 2,677 Sq Ft
    • 1400 Red Canyon Rd
    • Canon City, CO

    Located just outside Canon City, CO, this charming 4-bedroom, 2.5-bath tri-level home sits on 3 acres, ideal for anyone looking to enjoy space, privacy, and room for animals. Bring your horses, goats, and furry friends, this property is ready for them all! With over 2,400 sq ft of living space, the home features three distinct levels that allow everyone to spread out and enjoy their own space.

    Shelley Keller HomeSmart Preferred Realty

    Section Image
  • 30 W 8th Ave, Coal Creek, CO 81221

    $200,000 Under Contract

    • 3 Beds
    • 2 Baths
    • 1,080 Sq Ft
    • 30 W 8th Ave
    • Coal Creek, CO

    Affordable 3 bedroom, 2 bath just outside of Florence, CO. Open floor plan with a spacious kitchen. Great yard in a rural area but still close to town!

    Shelley Keller Homesmart Preferred Realty

    Section Image
  • 1337 York Ave, Canon City, CO 81212

    $380,000 Under Contract

    • 3 Beds
    • 2 Baths
    • 1,568 Sq Ft
    • 1337 York Ave
    • Canon City, CO

    Charming log-sided single level home offering 3 spacious bedrooms, 2 full baths, and 1,568 sq ft of warm, inviting living space—all set on nearly an acre in the peaceful outskirts of Caon City. Enjoy the best of country living with quick access to downtown amenities, schools, and outdoor recreation. Step inside to a bright, open-concept living and dining area, complete with a cozy gas

    Shelley Keller HomeSmart Preferred Realty

    Section Image
  • 1023 Main St, Cañon City, CO 81212

    $310,000

    • 2 Beds
    • 1 Bath
    • 1,480 Sq Ft
    • 1023 Main St
    • Cañon City, CO

    Welcome to this well-maintained Brick Craftsman-style home, ideally located just steps from downtown Canon City, schools, and medical facilities. Full of character and charm, this classic home features original woodwork, hardwood floors, and tall ceilings throughout. The spacious living room flows seamlessly into a formal dining area highlighted by a vintage chandelier, while the kitchen boasts

    Shelley Keller Homesmart Preferred Realty

    Section Image
  • 826 Myrtle Ave, Cañon City, CO 81212

    $299,500

    • 2 Beds
    • 1 Bath
    • 975 Sq Ft
    • 826 Myrtle Ave
    • Cañon City, CO

    Fall in love with this beautifully remodeled 2-bedroom, 1-bath home, perfectly situated in the vibrant heart of Canon City, Colorado. Thoughtfully updated from top to bottom, this darling residence blends historic charm with modern comfort. Step inside to discover gorgeous new flooring throughout and fresh, stylish paint inside and out. The kitchen has received a loving makeover as well,

    Shelley Keller Homesmart Preferred Realty

    Section Image
  • 723 Griffin Ave, Canon City, CO 81212

    $360,000

    • 3 Beds
    • 2 Baths
    • 1,258 Sq Ft
    • 723 Griffin Ave
    • Canon City, CO

    Discover this beautifully updated and energy-efficient 3-bedroom, 2-bath home perfectly situated in the heart of Canon City. Just a few blocks from the vibrant historic downtown and within walking distance of the picturesque Arkansas Riverwalk, this home offers the ideal blend of charm, comfort, and convenience. Inside, you'll find a bright and welcoming layout anchored by a stunning, recently

    Shelley Keller HomeSmart Preferred Realty

    Section Image
  • 701 Harrison Ave, Cañon City, CO 81212

    $350,000

    • 3 Beds
    • 1.5 Baths
    • 1,543 Sq Ft
    • 701 Harrison Ave
    • Cañon City, CO

    This beautifully renovated residence has been thoughtfully redesigned from top to bottom. Offering 1,543 square feet on the main floor, the home features 3 bedrooms, 1.5 bathrooms, a spacious living room, and a dedicated dining area, all laid out in a functional and inviting floorplan you're sure to love. Step inside to find brand-new luxury flooring and updated baseboards throughout,

    Shelley Keller Homesmart Preferred Realty

    Section Image

Source: REcolorado®

MLS Number: 1996700

REcolorado®

APN: 000098804304