$375,000
SOLD AUG 5, 2024

485 Grazing Bit Trail Penrose, CO 81240

2 Beds
2 Baths
1,296 Sq Ft
40 Acres

Recently Sold

$289 Per Sq Ft

4% Below List Price

214 Days on Market

Highlights

  • Horses Allowed On Property
  • Primary Bedroom Suite
  • Open Floorplan
  • Senior Community
  • 40 Acre Lot
  • Deck

About This Home

As of August 2024

Tucked 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

Scott Coddington

Pulse Real Estate Group LLC Brokerage Email: coddingtonscott@gmail.com,719-238-3536 License #40012034 Listed on: 11/16/2023

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

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$927

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Structure Type: Manufactured House
  • Levels: One
  • Year Built: 1998
  • Above Grade Finished Sq Ft: 1296
  • Body Type: Double Wide
  • Exclusions: n/a
  • Living Area: 1296
  • Directions: Hwy 115 Go West on Road F45. At the T take a right on Wildridge Rd. Take 2nd left at Kokopelli, Right as Grazing Bit Trail. Follow Grazing Bit Trail to 483 Grazing Bit open gate (Drive slow through easement neighbor has several dogs) 2nd Gate to property.
  • SubdivisionName: None
  • Ownership: Individual
  • Property Attached Yn: No
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBathrooms: 0
  • REC_BasementLevelBedrooms: 0
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • REC_WaterIncludedYN: 0
  • Ratio Close Price By Original Li: 0.93773
  • Attribution Contact: coddingtonscott@gmail.com,719-238-3536
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Tankless Water Heater
  • Fireplaces: 1
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Primary Suite, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Carpet, Laminate
  • Fireplace Features: Wood Burning Stove
  • Full Bathrooms: 2
  • Basement: Crawl Space
  • Basement: No
  • Total Bedrooms: 2
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Window Features: Double Pane Windows, Window Coverings

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame
  • Exterior Features: Fire Pit
  • Patio and Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • REC_ParkingCount: 1

Utilities

  • Utilities: Electricity Connected, Propane
  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Cistern

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

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: 000099404104
  • Lot Size Acres: 40
  • Fencing: Partial
  • Building Area Total: 1296
  • Lot Features: Borders National Forest, Borders Public Land, Cul-De-Sac, Foothills, Level, Many Trees, Mountainous, Open Space, Rolling Slope
  • Lot Size Sq Ft: 1742400
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 927

MLS Schools

  • Elementary School: Penrose
  • High School: Florence

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%
Views
181
Current Estimated Value
$388,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,684
Avg. Annual Appreciation
3.41%
Original Mortgage
$255,000
Outstanding Balance
$252,344
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
$136,340

Purchase Details

Closed on
Jun 23, 2017
Sold by
Lance Eric W and Lance Tressa D
Bought by
Stark Ralph and Stark Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 -- $309 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

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 $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

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3780176

REcolorado®

APN: 000099404104