$516,000
$39K PRICE DROP

470 Homestead Rd Bailey, CO 80421

Estimated payment $2,923/month

Total Views 7,990
5 Beds
2 Baths
2,545 Sq Ft
$203 Price per Sq Ft

Highlights

  • Primary Bedroom Suite
  • Wood Burning Stove
  • View of Meadow
  • Deck
  • Meadow
  • Living Room with Fireplace

About This Home

Back on the Market – No Fault of Home or Sellers, both Buyers failed to get their contingent homes sold - PRE-INSPECTED AND READY FOR YOU to make this amazing OPPORTUNITY yours! An incredible chance to build equity in a beautiful mountain community. This is the largest home on the 285 Corridor under $550,000, with value easily supporting $700,000 after updates. Solid construction, great bones, and endless potential like this rarely come along. Recent improvements include a brand-new 1,000-gallon septic tank and freshly cleared lot. Set on a usable 1-acre parcel with a double circle driveway and backing to 40 private acres, this 5-bed, 2-bath, 2,545 sq. ft. home offers the best price per square foot in the area. The spacious upper level features a large living area, two bedrooms, and a primary suite, while the lower level includes roughed-in plumbing for a third bath, a second living space, and two bonus rooms that could serve as additional bedrooms or flexible spaces. Located in Burland Ranchettes, you’ll enjoy exclusive access to Weakland-Fawks Park and nearby Mount Bailey trails for hiking and exploring. Don’t miss your chance to secure the best value in the foothills and transform this property into your mountain dream home.

Listing Agent

Jess Munsterman

Real Broker, LLC DBA Real Brokerage Email: Jess@thecoloradoconnection.com License #100073067 Listed on: 03/01/2025

Real Broker, LLC DBA Real

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,308

Year Built

  • Built in 1976

Lot Details

  • 1 Acre Lot
  • Dirt Road
  • Partially Fenced Property
  • Level Lot
  • Meadow

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Mountain Contemporary Architecture
  • Fixer Upper
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Radon Mitigation System

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Wood Burning Stove
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Views of Meadow

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom Suite

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Bedroom in Basement
  • Stubbed For A Bathroom
  • 2 Bedrooms in Basement

Parking

  • 4 Parking Spaces
  • Circular Driveway
  • 4 RV Parking Spaces

Outdoor Features

  • Deck

Schools

  • Deer Creek Elementary School
  • Fitzsimmons Middle School
  • Platte Canyon High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Natural Gas Connected
  • Well
  • Gas Water Heater
  • Septic Tank
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 15824

Community Details

Overview

  • Burland Ranchettes HOA
  • Burland Ranchettes Subdivision

Recreation

  • Community Playground
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,308

Year Built

Built in 1976

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Mountain Contemporary
  • Structure Type: House
  • Levels: Two
  • Year Built: 1976
  • Above Grade Finished Sq Ft: 1359
  • Exclusions: NONE
  • Living Area: 2545
  • Property Condition: Fixer
  • Directions: FROM CONIFER, HEAD SOUTHBOUND ON HWY 285. TAKE THE COUNTY RD 72 EXIT AND TURN LEFT. STAY LEFT FOR 1.3 MILES. SHARP RIGHT ONTO HOMESTEAD ROAD AND HOME IS 200 FT DOWN ON THE LEFT.
  • SubdivisionName: Burland Ranchettes
  • Ownership: Individual
  • Property Attached Yn: No
  • REC_BasementLevelBathrooms: 0
  • REC_BasementLevelBedrooms: 2
  • REC_RVSpaces: 4
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • REC_WaterIncludedYN: 1
  • Attribution Contact: Jess@thecoloradoconnection.com
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
  • Fireplaces: 2
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Primary Suite, Radon Mitigation System
  • Flooring: Carpet, Laminate, Tile
  • Fireplace Features: Basement, Living Room, Wood Burning Stove
  • Full Bathrooms: 1
  • Basement: Bath/Stubbed, Finished, Full, Walk-Out Access
  • Basement: Yes
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1186
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3

Exterior Features

  • Foundation Details: Slab
  • Roof: Composition
  • Construction Materials: Frame, Wood Siding
  • View: Meadow
  • Patio and Porch Features: Deck
  • Road Frontage Type: Public
  • Road Surface Type: Dirt

Garage/Parking

  • Parking Features: Circular Driveway, Unpaved
  • Attached Garage: No
  • Total Parking Spaces: 4
  • REC_ParkingCount: 1

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available
  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Forced Air, Natural Gas, Wood
  • Water Source: Well
  • Laundry Features: In Unit

Condo/Co-op/Association

  • Association Name: Burland Ranchettes HOA
  • Association Fee Frequency: Annually
  • Association Amenities: Playground, Trail(s)
  • Association Fee: 25
  • Phone: burlandhoa@yahoo
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 25.00
  • REC_AssociationFeeTotalAnnual: 25.00
  • REC_AssociationManagementType: Voluntary
  • REC_MultipleAssociationsYN: 0
  • REC_AssociationURL: SEE RESTRICTIONS IN SUPPLEMENTS

Schools

  • Middle Or Junior School: Fitzsimmons

Lot Info

  • Parcel Number: 15824
  • Lot Size Acres: 1
  • Fencing: Partial
  • Building Area Total: 2545
  • Lot Features: Level, Meadow
  • Lot Size Sq Ft: 43560

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1308

MLS Schools

  • Elementary School: Deer Creek
  • High School: Platte Canyon

Map

Range of Values:

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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 $1,308 $22,110 $3,460 $18,650
2023 $1,308 $22,110 $3,460 $18,650
2022 $1,023 $16,145 $2,985 $13,160
2021 $1,014 $16,610 $3,070 $13,540
2020 $991 $15,590 $2,080 $13,510
2019 $977 $15,590 $2,080 $13,510
2018 $802 $15,590 $2,080 $13,510
2017 $801 $12,390 $1,880 $10,510
2016 $686 $10,570 $1,990 $8,580
2015 $692 $10,570 $1,990 $8,580
2014 $680 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 Price Changed $516,000 -0.8% $203 / Sq Ft
06/18/2025 06/18/25 Price Changed $519,900 -1.8% $204 / Sq Ft
06/06/2025 06/06/25 Price Changed $529,500 -1.9% $208 / Sq Ft
04/23/2025 04/23/25 Price Changed $540,000 0.0% $212 / Sq Ft
04/23/2025 04/23/25 For Sale $540,000 -2.7% $212 / Sq Ft
03/16/2025 03/16/25 Pending -- -- --
03/01/2025 03/01/25 For Sale $555,000 -- $218 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $165,000 Servicelink
Special Warranty Deed $183,000 None Available
Trustee Deed -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $192,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $258,000 New Conventional
Closed $36,000 Credit Line Revolving
Previous Owner $165,000 New Conventional
Previous Owner $30,000 Credit Line Revolving
Previous Owner $189,000 New Conventional
Previous Owner $154,000 New Conventional
Previous Owner $28,875 Stand Alone Second
Source: Public Records

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Source: REcolorado®

MLS Number: 6607481

REcolorado®

APN: 15824