485 Grazing Bit Trail Penrose, CO 81240
2
Beds
2
Baths
1,296
Sq Ft
40
Acres
Highlights
- Horses Allowed On Property
- Primary Bedroom Suite
- Open Floorplan
- Senior Community
- 40 Acre Lot
- Deck
About This Home
As of August 2024Tucked into the rolling foothills with dramatic mountain backdrops, this tranquil 40-acre property offers a peaceful mountain retreat with sweeping panoramic views. Relish in the expansive sights extending to the horizon from this private oasis, conveniently located near Penrose, Colorado Springs, Pueblo, and Canon City. The inviting two-bedroom, two-bathroom home is adorned with tasteful, modern finishes, large windows, and a deck facing south to bring the stunning landscape into your living space. Adventure awaits on your vast land, which backs onto 16,000 acres of Table Mountain State Trust Land and Beaver Creek State Wildlife Area—perfect for ATV enthusiasts or those seeking quiet communion with nature. The residence is updated with a contemporary kitchen featuring stylish cabinetry, countertops, and stainless steel appliances. The master suite is a spacious haven with a generous walk-in closet. Laminate flooring throughout the living areas and a cozy wood stove add to the home's charm. Embrace sustainability with a 9.6 kW solar system to keep energy costs low, a 1500-gallon cistern and private gated road for your security and solitude. Enjoy on-demand hot water, partial fencing around the home's perimeter, and uninterrupted views of the Sangre De Cristo range. Exterior updates include a new patio and front doors, an awning for the rear deck, and a security camera system, 2 chicken coops, the property is well-suited for animal lovers and those with a passion for the great outdoors. Additionally, the seller offers the option to purchase a water truck and an older backhoe separately. Discover your very own piece of Colorado paradise and embrace the mountain lifestyle you've dreamed of.
Last Agent to Sell the Property
Pulse Real Estate Group LLC Brokerage Email: coddingtonscott@gmail.com,719-238-3536 License #40012034
Last Buyer's Agent
PPAR Agent Non-REcolorado
NON MLS PARTICIPANT
Property Details
Home Type
- Manufactured Home
Est. Annual Taxes
- $927
Year Built
- Built in 1998
Lot Details
- 40 Acre Lot
- Property borders a national or state park
- Open Space
- Cul-De-Sac
- Partially Fenced Property
- Level Lot
- Mountainous Lot
- Many Trees
Home Design
- Frame Construction
- Composition Roof
Interior Spaces
- 1,296 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Vaulted Ceiling
- Ceiling Fan
- 1 Fireplace
- Wood Burning Stove
- Double Pane Windows
- Window Treatments
- Crawl Space
- Dryer
Kitchen
- Eat-In Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- 2 Full Bathrooms
Outdoor Features
- Deck
- Fire Pit
Schools
- Penrose Elementary School
- Fremont Middle School
- Florence High School
Utilities
- No Cooling
- Forced Air Heating System
- Propane
- Cistern
- Tankless Water Heater
- Septic Tank
Additional Features
- Horses Allowed On Property
- Manufactured Home
Community Details
- Senior Community
- No Home Owners Association
- Foothills
- Property is near a preserve or public land
Listing and Financial Details
- Assessor Parcel Number 000099404104
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 16, 2023
Closed on
Jul 15, 2024
Sold by
Stark Ralph A and Stark Lisa M
Bought by
Butler Joshua Earl and Butler Cheryl Yvonne
Seller's Agent
Scott Coddington
Pulse Real Estate Group LLC
Buyer's Agent
PPAR Agent Non-REcolorado
NON MLS PARTICIPANT
List Price
$389,900
Sold Price
$375,000
Premium/Discount to List
-$14,900
-3.82%
Total Days on Market
214
Views
181
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,387
Avg. Annual Appreciation
7.75%
Original Mortgage
$255,000
Outstanding Balance
$253,025
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
$145,362
Purchase Details
Listed on
Apr 24, 2017
Closed on
Jun 23, 2017
Sold by
Lance Eric W and Lance Tressa D
Bought by
Stark Ralph and Stark Lisa M
Seller's Agent
Kevin Brown
Keller Williams Performance Realty
Buyer's Agent
COMPS ONLY
COMPS, ONLY
List Price
$210,000
Sold Price
$210,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%
Original Mortgage
$199,500
Interest Rate
4.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 27, 2005
Sold by
Overmyer Bret A
Bought by
Lance Eric W and Lance Tressa D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,189
Interest Rate
5.93%
Mortgage Type
FHA
Map
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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 | $375,000 | None Listed On Document | |
| Warranty Deed | $210,000 | Unified Title Company | |
| Warranty Deed | $130,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $255,000 | VA | |
| Previous Owner | $199,500 | New Conventional | |
| Previous Owner | $23,539 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $128,189 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2024 08/05/24 | Sold | $375,000 | -3.8% | $289 / Sq Ft |
| 06/19/2024 06/19/24 | Pending | -- | -- | -- |
| 05/21/2024 05/21/24 | For Sale | $389,900 | +4.0% | $301 / Sq Ft |
| 04/30/2024 04/30/24 | Off Market | $375,000 | -- | -- |
| 04/04/2024 04/04/24 | For Sale | $389,900 | 0.0% | $301 / Sq Ft |
| 02/29/2024 02/29/24 | Pending | -- | -- | -- |
| 02/05/2024 02/05/24 | For Sale | $389,900 | 0.0% | $301 / Sq Ft |
| 01/03/2024 01/03/24 | Pending | -- | -- | -- |
| 11/22/2023 11/22/23 | Price Changed | $389,900 | -2.5% | $301 / Sq Ft |
| 11/17/2023 11/17/23 | For Sale | $399,900 | +90.4% | $309 / Sq Ft |
| 06/23/2017 06/23/17 | Sold | $210,000 | 0.0% | $162 / Sq Ft |
| 05/24/2017 05/24/17 | Pending | -- | -- | -- |
| 04/24/2017 04/24/17 | For Sale | $210,000 | -- | $162 / Sq Ft |
Source: REcolorado®
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 | $856 | $18,974 | $0 | $0 |
| 2023 | $856 | $13,949 | $0 | $0 |
| 2022 | $927 | $15,283 | $0 | $0 |
| 2021 | $937 | $15,723 | $0 | $0 |
| 2020 | $672 | $13,728 | $0 | $0 |
| 2019 | $655 | $13,197 | $0 | $0 |
| 2018 | $486 | $9,937 | $0 | $0 |
| 2017 | $493 | $9,937 | $0 | $0 |
| 2016 | $544 | $10,950 | $0 | $0 |
| 2015 | $537 | $10,950 | $0 | $0 |
| 2012 | $560 | $10,090 | $5,970 | $4,120 |
Source: Public Records
About the Listing Agent
Scott believes he was fortunate to grow up learning about best business practices and Real Estate from his family. He is native to Colorado Springs and a third-generation real estate agent, serving the community since 1997. Scott has always been a man of his word; character and integrity are the very essences of what the team at pulse has built their business on. As the owner and broker of Pulse Real Estate Group, LLC, his expertise for Colorado Springs and its surrounding communities are
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Source: REcolorado®
MLS Number: 3780176
APN: 000099404104
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