$1,100,000
SOLD JAN 2, 2026

5328 Highway 348 Olathe, CO 81425

5 Beds
6 Baths
2,424 Sq Ft
12.28 Acres

Recently Sold

$454 Per Sq Ft

15% Below List Price

106 Days on Market

Highlights

  • Guest House
  • 12.28 Acre Lot
  • Main Floor Primary Bedroom
  • Barn
  • Wood Burning Stove
  • Picket Fence

About This Home

As of January 2026

Wedding Venue/Income Producing Property! A rare and stunning property located on 12.28 acres in the Southwest part of Colorado. This wedding venue offers a peaceful, elegant, rustic, and western setting. There are pieces placed throughout the property that add an extra special experience to your event. The “Red Barn” was built in 1910 and refurbished in 2018 for wedding and event use. In addition to many possible uses with the red barn, the property has a newly remodeled 1,448 sq/ft manufactured home that is used for AirBnB or VRBO purposes and for a Bride’s room and weekend stays for weddings. The 1950, 5 bed 3 bath home includes a cozy fireplace, a main level full master bedroom and bath, office area, an upstairs with 2 bedrooms, and a downstairs area for extra living space or a workshop. There is a building site on the South edge of the property with a water tap already in place, an RV site, and a recently upgraded irrigation system. This is a must-see income producing property.

Last Agent to Sell the Property

Omar Richardson

UNITED COUNTRY REAL COLORADO PROPERTIES License #ER175681 Listed on: 04/09/2025

Last Buyer's Agent

Judy Smith

GRAND JUNCTION AREA REALTOR ASSOC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,717

Year Built

  • Built in 1950

Lot Details

  • 12.28 Acre Lot
  • Picket Fence

Parking

  • Detached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2,424 Sq Ft Home
  • 3-Story Property
  • Wood Burning Stove
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Built-In Oven
  • Microwave

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 6 Bathrooms

Laundry

  • Laundry on main level
  • Dryer

Additional Homes

  • Guest House

Schools

  • Olathe Elementary And Middle School
  • Olathe High School

Farming

  • Barn
  • 12 Irrigated Acres

Utilities

  • Heating System Uses Wood
  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 3725-123-00-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,717

Year Built

Built in 1950

Lot Details

0

Listing Details

  • 3 Phase: Unknown
  • Estimated Irrigation Acres: 12
  • Estimated Main Sq Ft: 2424
  • Bathroom Level: O-Other-See Remarks
  • Construction: Wood Frame
  • Current Use: Multi Use
  • Dining Rm Lvl: Main
  • Dining Rm Size: Unknown
  • Dining Rm Type: Combo
  • Elevation: 5358
  • Exterior Features: Barn, Guest House
  • Family Room Level: Main
  • Family Rm Size: Unknown
  • Fronts: U
  • Gas Company: Hometown
  • Heating Type: Propane, Wood/Coal
  • How Built: Site Built
  • Irrigation Description: 12 shares
  • Irrig District: UVWUA
  • Irrig Water: Yes
  • Kitchen Lvl: Main
  • Laundry Rm Lvl: Main
  • Laundry Rm Size: Unknown
  • Living Rm Lvl: Main
  • Living Rm Size: Unknown
  • Lot Dimensions: Irregular
  • Lvt Date: 04/09/2025
  • Master Bdrm Lvl: Main
  • Master Bdrm Size: Unknown
  • Bedrooms: 5
  • Property Type: Residential
  • Real Estate Incl: Yes
  • Sewer: Septic
  • Sewer Company: Septic
  • Street Desc Access: State
  • Style: 3 Story
  • Taxes: 3716.92
  • Tax Year: 2024
  • Total Acres: 12.28
  • Total Apx Sq Ft: 2424
  • Type: Single Family
  • Water: City Water
  • Zoning: Residential Single Family
  • Display On Internet: Yes
  • Year Built: 1950
  • Directions: From Main and Townsend in Montrose, travel N on Hwy 50 10 miles to CO-348. L at light. Drive on CO-348 4 miles.
  • Subdivision Name: None
  • AdditionalLivingSpace: None
  • Financials Assumable Mortgage: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Kitchen Size: Unknown
  • Bathroom Description: 3 Full Baths
  • Appliances: Dryer, Microwave, Wall Oven
  • Fireplace: Wood Stove(s)
  • Bathrooms: 6
  • Bathroom Description: Full Bath

Exterior Features

  • Fence: Picket
  • Exterior Siding: Vinyl, Wood
  • Roof: Asphalt Composition

Garage/Parking

  • Garage Type: Detached Garage

Utilities

  • Electric Company: Delta-Montrose Electric
  • Water Company: Tri-County

Schools

  • Elementary School: Olathe
  • High School: Olathe

Lot Info

  • Lot Size: H: 10-19.99
  • Parcel Number: 3725-123-00-017
  • Geo Subdivision: CO

MLS Schools

  • Middle School: Olathe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2025
Closed on
Jan 2, 2026
Sold by
Roth Mathias H and Roth Beverly J
Bought by
Skudneski Keaton and Skudneski Elizabeth
Seller's Agent
Omar Richardson
UNITED COUNTRY REAL COLORADO PROPERTIES
Buyer's Agent
Judy Smith
GRAND JUNCTION AREA REALTOR ASSOC
List Price
$1,295,000
Sold Price
$1,100,000
Premium/Discount to List
-$195,000
-15.06%
Views
92

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
94.57%

Purchase Details

Closed on
May 22, 1995
Sold by
Anderson & Company
Bought by
Roth Mathias H and Roth Beverly J

Purchase Details

Closed on
Nov 5, 1974
Sold by
Anderson Wallace Q and Anderson Lois E
Bought by
Anderson & Co

Purchase Details

Closed on
Mar 4, 1958
Sold by
Anderson Mary Louise
Bought by
Anderson Wallace Q
Source: Public Records
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Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $100,000 Fidelity National Title
Warranty Deed $1,100,000 Fidelity National Title
Deed $185,000 --
Deed -- --
Warranty Deed $9,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/02/2026 01/02/26 Sold $1,100,000 0.0% $454 / Sq Ft
01/02/2026 01/02/26 Sold $1,100,000 0.0% $454 / Sq Ft View Prior Sale
07/24/2025 07/24/25 Off Market $1,100,000 -- --
07/24/2025 07/24/25 Pending -- -- --
07/24/2025 07/24/25 Pending -- -- --
06/12/2025 06/12/25 Price Changed $1,199,000 0.0% $495 / Sq Ft
06/12/2025 06/12/25 Price Changed $1,199,000 -4.1% $495 / Sq Ft
05/16/2025 05/16/25 Price Changed $1,250,000 0.0% $516 / Sq Ft
05/16/2025 05/16/25 Price Changed $1,250,000 -3.5% $516 / Sq Ft
04/09/2025 04/09/25 For Sale $1,295,000 0.0% $534 / Sq Ft
04/07/2025 04/07/25 For Sale $1,295,000 -- $534 / Sq Ft
Source: Grand Junction Area REALTOR® Association

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 $3,384 $54,990 $17,180 $37,810
2023 $3,384 $65,720 $18,420 $47,300
2022 $2,814 $44,700 $10,320 $34,380
2021 $2,916 $46,100 $10,660 $35,440
2020 $2,759 $44,530 $9,630 $34,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Grand Junction Area REALTOR® Association

MLS Number: 20251483

Grand Junction Area REALTOR® Association

APN: R0007027