3998 5500 Rd Olathe, CO 81425
Estimated payment $7,342/month
Highlights
- Barn
- Home fronts a pond
- 36.01 Acre Lot
- Greenhouse
- Lake View
- Den with Fireplace
About This Home
Set on 36 highly productive acres, this property offers a rare combination of water, infrastructure, and peaceful country living in the unbeatable Western Colorado setting. With 27 shares of UVWUA irrigation water, a large pond, and an advanced irrigation system featuring buried pressurized pipe and a comprehensive drip network with filtration delivered through the convenience of a dedicated pump house, the groundwork is in place for continued agricultural success across a wide variety of crops and ventures. Adding to the income potential, four large grain bins are currently leased to Producer’s Co-op, generating $4,500 annually in passive income. The improvements on the property provide outstanding flexibility for agricultural, residential, or a mixed use arrangement. The sprawling ±15,000 sq ft shop offers mostly clear-span space, multiple large access doors, and is partially equipped with plumbing for a 1⁄2 bath and 4–5 zones of in-floor heat (boiler needed). The shop also features a built-out office area with overhead mezzanine storage (~60'x25'), plus an additional expansive mezzanine (~75'x16') along the west wall. This building is ideal for equipment storage, operations, or future build-out. Whether you're running a business, storing toys, or envisioning a custom barndominium, this space is ready to adapt to your needs. Complementing the shop is an approximately 6,000 sq ft greenhouse, opening the door for year-round growing or specialty agricultural ventures. The original farmhouse, fully remodeled in 2007, is a well-maintained 3-bedroom, 1-bath home perched in a peaceful setting along the escarpment. Enjoy sweeping panoramic views of the West Elks, Buckhorn, Cimarrons, Grand Mesa, and surrounding farmland its truly an inspiring backdrop filled with abundant wildlife and natural beauty. With its combination of strong water rights, proven productivity, diverse improvements, income potential, and unbeatable views, this property presents a unique opportunity at an exceptional value rarely seen. Schedule your private showing today and explore the possibilities.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,095
Year Built
- Built in 1920 | Remodeled in 2007
Lot Details
- 36.01 Acre Lot
- Home fronts a pond
- Poultry Coop
- Property is Fully Fenced
- Barbed Wire
- Level Lot
- Property is zoned Agriculture
Property Views
- Lake
- Creek or Stream
- Mountain
- Valley
Home Design
- Ranch Property
- Mixed Use
Interior Spaces
- 1,463 Sq Ft Home
- 1-Story Property
- Den with Fireplace
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Eco-Friendly Details
- Drip Irrigation
Outdoor Features
- Greenhouse
- Separate Outdoor Workshop
Schools
- Olathe K-5 Elementary School
- Olathe 6-8 Middle School
- Olathe 9-12 High School
Farming
- Barn
- Crops Farm
- 27 Irrigated Acres
- Agricultural
- Pasture
Utilities
- Evaporated cooling system
- Pellet Stove burns compressed wood to generate heat
- Heating System Powered By Owned Propane
- Heating System Powered By Leased Propane
- Heating System Uses Propane
- Irrigation Water Rights
- Propane Water Heater
- Septic System
- Internet Available
- Phone Available
Listing and Financial Details
- Security Deposit $25,000
- Assessor Parcel Number 349336300011
Map
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 | $8,095 | $238,690 | $120,260 | $118,430 |
| 2024 | $8,095 | $117,820 | $6,260 | $111,560 |
| 2023 | $8,256 | $122,640 | $6,280 | $116,360 |
| 2022 | $5,724 | $90,940 | $5,810 | $85,130 |
| 2021 | $5,972 | $94,430 | $6,330 | $88,100 |
| 2020 | $4,935 | $79,640 | $4,850 | $74,790 |
| 2019 | $4,968 | $79,640 | $4,850 | $74,790 |
| 2018 | $1,902 | $29,660 | $6,280 | $23,380 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/20/2026 04/20/26 | For Sale | $1,250,000 | -- | $854 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $352,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $252,000 | New Conventional |
Source: Colorado Real Estate Network (CREN)
MLS Number: 833780
APN: R0022609
Ask me questions while you tour the home.