NOT LISTED FOR SALE

4253 Highway 348 Olathe, CO 81425

Estimated Value: $558,000 - $631,000

2 Beds
1 Bath
1,057 Sq Ft
$554/Sq Ft Est. Value

Last Sold September 12, 2024

Last sale price $540,000 $511 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,204/month

84 Days on Market

Highlights

  • Horses Allowed On Property
  • 11 Acre Lot
  • Wood Burning Stove
  • RV or Boat Parking
  • Mountain View
  • Living Room with Fireplace

About This Home

As of September 2024

Step into the ease of rural living with this 11-acre property that boasts not only a cozy 2-bedroom, 1-bathroom farmhouse but an incredibly spacious 50x100 shop, making it a dream for both living and working. Thinking of a shop home? A conversion here would be simple! Whether you're a business owner, hobbyist, entrepreneur, mechanic, welder, farmer, or simply in need of ample storage space, the expansive shop provides endless possibilities. This 5,000 square foot space is fully insulated with an enormous overhead door, and all of the plumbing is in place for a full bathroom. There is 400 amp power. The cozy farmhouse features an open concept living space complete with wood floors and a gorgeous tongue and groove wood ceiling, lending cabin vibes to the space. A wood burning stove graces the living room and provides heat, along with baseboard heaters, through the colder months. Both bedrooms are spacious with ample closet space. The full bath has a beautiful claw-foot tub, a walk-in tiled shower, and plenty of counter space (not to mention the beautiful garden window!) Everything is on one level in this home providing ease of living! A whole house water filtration and softener system adds to the excellent livability! A large mud room comes in from the south, and is a great space for kicking off your shoes and coat before dinner. Outside you will find a lush yard around the home- there are many fruit trees, lilacs, bleeding hearts, iris’, and so much more. Enjoy peaches, apples, cherries, plums- you name it, it is likely growing here! The dense foliage also creates a wonderful natural hedge/buffer from the road. If you didn’t know this home was there, you would just drive on past! With UVWWUA irrigation water readily available, maintaining the lush yard and bringing life back to the hay fields will be easily attainable. There is also a large pond on the west end of the property- perfectly set up for horses, livestock, sustainable farming, and more. Come and cultivate your own slice of paradise! No covenants or HOA! Located just 10 minutes outside of Olathe and not much further from Delta, this property is perfectly positioned. Don't miss your chance to make this idyllic farm your own.

Last Agent to Sell the Property

Katie Chapman Schmalz

Chapman Real Estate Company, LLC Listed on: 05/06/2024

Last Buyer's Agent

Gary Hubbell, ALC

United Country Colorado Brokers, Inc.

United Country Colorado Brokers, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,838

Year Built

  • Built in 1920

Lot Details

  • 11 Acre Lot
  • Partially Fenced Property
  • Landscaped
  • Corner Lot
  • Irrigation
  • Property is zoned Agriculture

Property Views

  • Mountain
  • Valley

Home Design

  • Ranch Style House
  • Farmhouse Style Home
  • Slab Foundation
  • Metal Roof
  • Stick Built Home

Interior Spaces

  • 1,057 Sq Ft Home
  • Tongue and Groove Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Corner Fireplace
  • Free Standing Fireplace
  • Mud Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 12 Car Detached Garage
  • RV or Boat Parking

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Olathe K-5 Elementary School
  • Olathe 6-8 Middle School
  • Olathe 9-12 High School

Farming

  • 7 Irrigated Acres
  • Cattle
  • Hogs
  • Sheep or Goats

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Heating System Uses Wood
  • Heating System Powered By Leased Propane
  • Baseboard Heating
  • Irrigation Water Rights
  • Gas Water Heater
  • Septic Tank
  • Septic System
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 372504400012

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,838

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Appliance Inclusions: Refrigerator, Dishwasher, Range/Oven
  • Estimated Irrigation Acres: 7
  • Estimated Total Acres: 11
  • Class: RESIDENTIAL
  • Em Deposit: 8000
  • Em Holder: Title Co
  • Exterior Inclusions: Shed/Storage, Irrigation Pump, Covered Porch, Irrigation Water, Landscaping
  • Fronts: East
  • Horse Setup: Yes
  • Interior Inclusions: Wood Stove, Ceiling Fan(s), W/D Hookup, Vaulted Ceiling, T&G Ceilings, Mud Room
  • Legal Lot Block: All that part of the SE1/4SE1/4 Section 4, Township 50 North, Range 11 West, New Mexico Principal meridian, lying and being on the Northerly side of Montrose Delta Canal, Excepting Therefrom a strip of land 25 feet wide long East side of SE1/4 Section 4, Township 50 North, Range 11 west, New Mexico principal Meridian, deeded to the Uncompahgre Canal Company by instrument recorded May 17, 1888 in Book 2 at Page 440, County of Montrose. Montrose County, State of Colorado
  • Livestock Allowed: Cattle, Horses, Poultry, Sheep, Swine
  • Lot Size Acreage: 10 - 19.99
  • Parcel Id Number: 372504400012
  • Price Per Sq Ft: 510.88
  • Property Description: Corner
  • Real Estate Included: Yes
  • Residence Stories: One Story
  • Residence Style: Ranch, Farm House
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 510.88
  • Street Descriptionaccess: County, Paved
  • Tax Account Id: R0006390
  • Zoning: Agriculture
  • Type: Stick Built
  • Internet Provider: Hughes Net
  • Internet Service: Yes
  • Total Taxes Dollar: 1837.56
  • Year Built: 1920
  • Foreign Owned Y N: No
  • Prop Description Remarks: Step into the ease of rural living with this 11-acre property that boasts not only a cozy 2-bedroom, 1-bathroom farmhouse but an incredibly spacious 50x100 shop, making it a dream for both living and working. Thinking of a shop home? A conversion here would be simple! Whether you're a business owner, hobbyist, entrepreneur, mechanic, welder, farmer, or simply in need of ample storage space, the expansive shop provides endless possibilities. This 5,000 square foot space is fully insulated with an enormous overhead door, and all of the plumbing is in place for a full bathroom. There is 400 amp power. The cozy farmhouse features an open concept living space complete with wood floors and a gorgeous tongue and groove wood ceiling, lending cabin vibes to the space. A wood burning stove graces the living room and provides heat, along with baseboard heaters, through the colder months. Both bedrooms are spacious with ample closet space. The full bath has a beautiful claw-foot tub, a walk-in tiled shower, and plenty of counter space (not to mention the beautiful garden window!) Everything is on one level in this home providing ease of living! A whole house water filtration and softener system adds to the excellent livability! A large mud room comes in from the south, and is a great space for kicking off your shoes and coat before dinner. Outside you will find a lush yard around the home- there are many fruit trees, lilacs, bleeding hearts, iris’, and so much more. Enjoy peaches, apples, cherries, plums- you name it, it is likely growing here! The dense foliage also creates a wonderful natural hedge/buffer from the road. If you didn’t know this home was there, you would just drive on past! With UVWWUA irrigation water readily available, maintaining the lush yard and bringing life back to the hay fields will be easily attainable. There is also a large pond on the west end of the property- perfectly set up for horses, livestock, sustainable farming, and more. Come and cultivate your own slice of paradise! No covenants or HOA! Located just 10 minutes outside of Olathe and not much further from Delta, this property is perfectly positioned. Don't miss your chance to make this idyllic farm your own.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 17

Interior Features

  • Dining Room: Kitchen Bar, Separate Dining
  • Bedrooms: 2
  • Flooring: Hardwood, Laminate
  • Estimated Total Sq Ft: 1057
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 1
  • Fireplace Location Type: Angle nook, Living Room, Woodstove, Free Standing
  • Foundation: Slab
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Fence: Partial Property
  • Exterior Structures: Shed, Garage
  • Roof: Metal
  • Views: Mountains, Valley

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 12

Utilities

  • Utilities: Electric, Propane-Tank Leased, Internet, Phone - Cell Reception
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: JC Propane
  • Heating System: Wood Stove, Electric Baseboard
  • Irrigation Water Description Amount: 1.9 class 2, 5.1 class 6
  • Irrigation Water District: UVWUA
  • Sewer Supplier: Septic
  • Water Heater: Gas Water Heater
  • Water Rights Irrigation: Yes
  • Water Supplier: Tri-County Water Conservancy

Schools

  • High School: Olathe 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Sep 16, 2024
Sold by
Edmonds Dustin J and Edmonds Leah J
Bought by
Bailey Jeb
Seller's Agent
Katie Chapman Schmalz
Chapman Real Estate Company, LLC
Buyer's Agent
Gary Hubbell, ALC
United Country Colorado Brokers, Inc.
List Price
$635,000
Sold Price
$540,000
Premium/Discount to List
-$95,000
-14.96%
Views
22
Current Estimated Value
$585,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,781
Avg. Annual Appreciation
6.12%
Original Mortgage
$432,000
Outstanding Balance
$427,378
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$158,403

Purchase Details

Closed on
Oct 8, 2014
Sold by
Edmonds Dustin J
Bought by
Edmonds Dustin J and Edmonds Leah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 19, 2014
Sold by
Edmonds Linda
Bought by
Edmonds Dustin J and Edmonds Leah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 15, 2013
Sold by
Edmonds Linda J
Bought by
Edmonds Linda J and Edmonds Dustin J

Purchase Details

Closed on
Jan 6, 2003
Sold by
Spallinger Karold C and Spallinger Tiffanie A
Bought by
Edmonds Alvin and Edmonds Linda

Purchase Details

Closed on
Sep 30, 1997
Sold by
Pettis Kenneth E and Bottenelli Cheri W
Bought by
Spallinger Karold C and Spallinger Tiffanie A

Purchase Details

Closed on
Mar 25, 1988
Sold by
Hallock Daniel G and Hallock Neva R
Bought by
Pettis Kenneth E and Pettis Cheri W

Purchase Details

Closed on
Jan 19, 1987
Sold by
Hill Randy L and Hill Debra J
Bought by
Hardman Robert A

Purchase Details

Closed on
May 16, 1983
Sold by
Hardman Robert A
Bought by
Hallock Daniel G and Hallock Neva R

Purchase Details

Closed on
Jan 26, 1976
Sold by
Foster William R and Foster Ada Ruth
Bought by
Hallock Daniel G and Hallock Neva R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Bailey Jeb -- None Listed On Document
Bailey Jeb $540,000 Land Title Guarantee
Edmonds Dustin J -- None Available
Edmonds Dustin J $70,000 None Available
Edmonds Linda J -- None Available
Edmonds Alvin $135,000 --
Spallinger Karold C $86,000 --
Pettis Kenneth E $35,000 --
Hardman Robert A -- --
Hallock Daniel G -- --
Hallock Daniel G -- --
Hallock Daniel G $38,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Jeb $432,000
Previous Owner Edmonds Dustin J $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2024 09/12/24 Sold $540,000 -4.3% $511 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
07/02/2024 07/02/24 Price Changed $564,000 -5.8% $534 / Sq Ft
06/27/2024 06/27/24 Price Changed $599,000 -5.7% $567 / Sq Ft
05/06/2024 05/06/24 For Sale $635,000 -- $601 / Sq Ft
Source: Colorado Real Estate Network (CREN)

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 $1,905 $27,340 $9,740 $17,600
2023 $1,905 $32,190 $11,470 $20,720
2022 $1,317 $21,090 $5,930 $15,160
2021 $886 $14,120 $6,100 $8,020
2020 $827 $13,470 $5,920 $7,550
2019 $833 $13,470 $5,920 $7,550
2018 $744 $11,700 $4,970 $6,730
2017 $742 $11,700 $4,970 $6,730
2016 $708 $11,370 $4,780 $6,590
2015 $653 $11,370 $4,780 $6,590
2014 $568 $10,590 $4,780 $5,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 813285

Colorado Real Estate Network (CREN)

APN: R0006390