NOT LISTED FOR SALE

490 Rainbow Ridge Rd Cotopaxi, CO 81223

Estimated Value: $704,000 - $1,091,000

3 Beds
3 Baths
2,576 Sq Ft
$317/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $665,000 $258 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,501/month

23 Days on Market

Highlights

  • 35.09 Acre Lot
  • Near a National Forest
  • Wood Burning Stove
  • Mountain View
  • Deck
  • Vaulted Ceiling

About This Home

As of November 2021

At the end of Rainbow Ridge rests this custom built home lovingly designed by the owners. You don't have to guess why the road is called Rainbow Ridge - and over that ridge lie the most stunning and picturesque views of the Sangre de Cristo Mountains. The front courtyard has beautiful landscaping and the back of the home a large deck for relaxing and entertaining. This one-level home boasts an open concept living, formal and informal dining, kitchen and sunroom combination that allows for sightlines in all directions. The living room is kept extra cozy with a wood burning fireplace, and that heat is also felt in the formal dining room/kitchen. You'll find artistic touches in every room, from window seats to curved arches, colorful tilework in the kitchen and large sunroom windows. The master bedroom boasts an ensuite bathroom with separate jetted tub, walk-in closet and doors to the freshly stained deck. An attached two-car garage makes access a breeze, and the additional one-car, freshly painted detached garage makes for a wonderful workshop. Just through the front door is the study, currently used as a sewing room. Adjoins 2,320 acres of BLM in Fremont County. Close to HWY 50.

Last Agent to Sell the Property

Kimberly Powers

Summit & Main Realty Group Brokerage Phone: (719) 429-8922 License #ER.1000481941 Listed on: 08/24/2021

Last Buyer's Agent

Kimberly Powers

Summit & Main Realty Group Brokerage Phone: (719) 429-8922 License #ER.1000481941 Listed on: 08/24/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,329

Year Built

  • Built in 1997

Lot Details

  • 35.09 Acre Lot
  • Cul-De-Sac
  • Year Round Access
  • Partially Fenced Property
  • Landscaped with Trees
  • Zoning described as Rural residential

HOA Fees

  • $43 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Home Design

  • Frame Construction
  • Metal Roof
  • Stucco

Interior Spaces

  • 2,576 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Window Treatments
  • Mountain Views
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Separate Outdoor Workshop
  • Outbuilding

Utilities

  • Baseboard Heating
  • 220 Volts
  • Propane
  • Well
  • Septic Tank
  • Internet Available
  • Phone Available

Community Details

  • Association fees include road maintenance administrative
  • Eagle Peak Ranch Subdivision
  • Near a National Forest

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,329

Year Built

Built in 1997

Lot Details

0

HOA Fees

$43 per month

Parking

3

Listing Details

  • Directions To Property: From Westcliffe, north on Hwy 69, left on Fremont CR 1A, left on Eagle Peak Circle, right on Rainbow Ridge to home at the end of the road, sign.
  • NAV29_Unit_1_Appliances: Dishwasher, Microwave, Refrigerator, Washer & Dryer, Oven/Range
  • Full Bathrooms: 2
  • Reso Interior Features: Ceiling Fans, Jetted Tub, Window Coverings, Wood Burning Stove, Flooring: Wood (Hardwood), Vaulted Ceilings, Walk-in Closets, Flooring: Tile/Clay
  • Property Style: 1 story above ground
  • Property Sub-Type: Resale Home, HOA-Yes, CC&R's-Yes, Site Built
  • PropertyType: Single Family
  • Property Type: Single Family Building
  • Year Built: 1997
  • Master Plan Zoning: Rural residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Total Bathrooms: 2.75
  • Listing Area: Fremont County
  • Living Area: 2576
  • Three Quarter Bathrooms: 1
  • Basement: None

Exterior Features

  • Exterior Features: Access- All Year, Borders BLM, Cul-de-sac, Deck(s), Fenced- Partial, Gutters & Downspouts, Landscape- Partial, Out Buildings, Patio- Covered, Patio- Uncovered, Trees, View of Mountains, Work Shop, Porch
  • Exterior Construction: Frame, Stucco
  • Foundation: Crawl Space
  • Roof Type: Metal

Garage/Parking

  • Garage Description: Attached, Detached, Remote Opener, Shelves
  • Garage Spaces: 3

Utilities

  • Cooling: None
  • Heating: Hot Water Baseboard, Wood Burn. Stove
  • Utilities: Garbage Collection, Internet: Satellite/Wireless, Legal Access: Yes, Septic: Has Tank, Phone: Land Line, Power: Line On Meter, Water: Private Well (Drilled), Phone: Cell Service, Propane: Hooked-up, Power: 220 volt

Condo/Co-op/Association

  • HOA Fees: 43.00
  • H O A Fees Term: month
  • H O A Includes: Road Maintenance, Administrative

Schools

  • Elementary School: Cotopaxi
  • Elementary School: Cotopaxi

Lot Info

  • Lot Size: 35.09

Tax Info

  • Estimated Annual Taxes: 1329

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Oct 29, 2021
Sold by
Otis James E and Otis Joanne L
Bought by
Smith Keith E and Smith Danna L
Seller's Agent
Kimberly Powers
Summit & Main Realty Group
Buyer's Agent
Kimberly Powers
Summit & Main Realty Group
List Price
$689,900
Sold Price
$665,000
Premium/Discount to List
-$24,900
-3.61%
Current Estimated Value
$789,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,708
Avg. Annual Appreciation
5.62%
Original Mortgage
$465,000
Outstanding Balance
$426,344
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$390,100
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Smith Keith E -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Keith E $465,000
Previous Owner Otis James E $213,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $665,000 -3.6% $258 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $689,900 -- $268 / Sq Ft
Source: Westcliffe Listing Service

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 $1,621 $36,801 $0 $0
2023 $1,621 $33,116 $0 $0
2022 $1,344 $28,628 $0 $0
2021 $1,353 $29,469 $0 $0
2020 $1,147 $25,445 $0 $0
2019 $1,146 $25,445 $0 $0
2018 $1,094 $24,278 $0 $0
2017 $1,097 $24,278 $0 $0
2016 $1,065 $23,610 $0 $0
2015 $1,062 $23,610 $0 $0
2012 $825 $19,840 $211 $19,629
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Powers

    Seller's Agent in 2021

    Kimberly Powers

    Summit & Main Realty Group

    (719) 429-8922

    110 Total Sales

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Map

Source: Westcliffe Listing Service

MLS Number: 2515042

APN: 000099304036

Colorado Fremont County Cotopaxi 81223

490 Rainbow Ridge Rd, Cotopaxi, CO

This home is located at 490 Rainbow Ridge Rd, Cotopaxi, CO 81223 since 24 August 2021 and is currently estimated at $816,444, approximately $316 per square foot. This property was built in 1997. 490 Rainbow Ridge Rd is a home located in Fremont County with nearby schools including Cotopaxi Elementary School and Cotopaxi Junior/Senior High School.

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