NOT LISTED FOR SALE

5385 Highway 348 Olathe, CO 81425

Estimated Value: $352,000 - $442,000

2 Beds
1.5 Baths
1,584 Sq Ft
$242/Sq Ft Est. Value

Sale Details

Date Sold: July 7, 2025

Last sale price $340,000 $215 Per Sq Ft

Current estimated payment $1,996 / mo

37 Days on Market

Highlights

  • Living Room with Fireplace
  • Farmhouse Style Home
  • Separate Outdoor Workshop
  • Main Floor Primary Bedroom
  • Covered Patio or Porch
  • 3 Car Detached Garage

About This Home

As of July 2025

Charming home on a generous irrigated lot surrounded by mature trees and expansive yard space. Located in picturesque western Olathe, adjacent to scenic farmland for a tranquil, country-like setting. This delightful 2-bedroom, 2-bathroom home features a 3-car garage, with one bay currently set up as a workshop complete with a wood stove. Inside the home, you’ll find two inviting living rooms and a beautifully remodeled main bathroom with a walk-in shower. Upstairs includes a versatile bedroom or den with its own half bath. Includes irrigation water for easy and low cost lawn and garden care.

Last Agent to Sell the Property

Doug Phillips

Norris-Phillips Real Estate, LLC Listed on: 05/01/2025

Co-Listed By

Mandy Norris-Snell

Norris-Phillips Real Estate, LLC

Last Buyer's Agent

Montrose NON MEMBER

NON-MEMBER/FSBO Montrose

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,074

Year Built

  • Built in 1915

Lot Details

  • 0.65

Parking

  • 3 Car Detached Garage

Home Design

  • Farmhouse Style Home
  • Metal Roof
  • Stick Built Home

Interior Spaces

  • 1.5-Story Property
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Oven or Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Covered Patio or Porch
  • Separate Outdoor Workshop

Schools

  • Olathe K-5 Elementary School
  • Olathe 6-8 Middle School
  • Olathe 9-12 High School

Utilities

  • Pellet Stove burns compressed wood to generate heat
  • Heating System Uses Propane
  • Irrigation Water Rights
  • Septic Tank
  • Septic System
  • Internet Available

Additional Features

  • 28,314 Sq Ft Lot
  • 1 Irrigated Acre

Listing and Financial Details

  • Assessor Parcel Number 372513100003

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,074

Year Built

Built in 1915

Lot Details

0.65 Acres

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator
  • Estimated Irrigation Acres: 0.5
  • Estimated Total Acres: 0.65
  • Class: RESIDENTIAL
  • Em Deposit: 4000
  • Em Holder: Title Company
  • Exterior Inclusions: Covered Porch
  • Interior Inclusions: W/D Hookup, Pantry
  • Legal Lot Block: S: 13 T: 50 R: 11 TRT IN THE W2NE4NE4 SEC 13-50-11 DAB A PT 30FT S OF NW COR OF SD NE4NE4; TH S 296.4FT; TH E 94FT; TH N 296.4FT; TH W 94FT TO POB
  • Lot Size Acreage: .5 - .99
  • Parcel Id Number: 372513100003
  • Price Per Sq Ft: 214.65
  • Real Estate Included: Yes
  • Residence Stories: 1.5 Story
  • Residence Style: Farm House
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 214.65
  • Street Descriptionaccess: Paved
  • Tax Account Id: R0008590
  • Type: Stick Built
  • Internet Provider: Elevate
  • Internet Service: Yes
  • Total Taxes Dollar: 1,073.56
  • Year Built: 1915
  • Foreign Owned Y N: No
  • Prop Description Remarks: Charming home on a generous irrigated lot surrounded by mature trees and expansive yard space. Located in picturesque western Olathe, adjacent to scenic farmland for a tranquil, country-like setting. This delightful 2-bedroom, 2-bathroom home features a 3-car garage, with one bay currently set up as a workshop complete with a wood stove. Inside the home, you’ll find two inviting living rooms and a beautifully remodeled main bathroom with a walk-in shower. Upstairs includes a versatile bedroom or den with its own half bath. Includes irrigation water for easy and low cost lawn and garden care.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 18

Interior Features

  • Dining Room: Living Room Dining
  • Bedrooms: 2
  • Flooring: Carpet-Partial, Laminate
  • Estimated Total Sq Ft: 1584
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 2
  • Fireplace Location Type: Living Room, Pellet
  • Main Level Sq Ft: 1200
  • Master Bedroom Level: Main Level
  • Upper Level Sq Ft: 384

Exterior Features

  • Construction Type: Wood Frame
  • Exterior Structures: Garage, Workshop
  • Roof: Metal

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 3

Utilities

  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Propane
  • Irrigation Water Description Amount: .7 shares
  • Irrigation Water District: UVWUA
  • Sewer Supplier: Septic
  • Water Rights Irrigation: Yes
  • Water Supplier: Tri-County Water Conservancy

Schools

  • High School: Olathe 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2025
Closed on
Jul 7, 2025
Sold by
Henley Debbi S
Bought by
Seller's Agent
Doug Phillips
Norris-Phillips Real Estate, LLC
Buyer's Agent
Montrose NON MEMBER
NON-MEMBER/FSBO Montrose
List Price
$364,900
Sold Price
$340,000
Premium/Discount to List
-$24,900
-6.82%
Views
85
Current Estimated Value
$340,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398
Avg. Annual Appreciation
10.70%
Original Mortgage
$306,000
Outstanding Balance
$302,807
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$80,528

Purchase Details

Closed on
Sep 30, 2008
Sold by
Looper David W
Bought by
Henley Robert E and Henley Debbi S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,500
Interest Rate
6.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2005
Sold by
Koehn Gregg and Koehn Santha
Bought by
Looper David W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2000
Sold by
Beavon Ted and Beavon Donna L
Bought by
Koehn Greg and Koehn Santha

Purchase Details

Closed on
Oct 28, 1999
Sold by
Bastion Lois H and Chasten Robyn
Bought by
Beavon Ted and Beavon Donna L

Purchase Details

Closed on
Sep 24, 1997
Sold by
Bastion Lois H
Bought by
Bastion Lois H and Chasten Robyn

Purchase Details

Closed on
Mar 30, 1989
Sold by
Spectrum Properties Inc
Bought by
Bastion Edson L and Bastion Lois H

Purchase Details

Closed on
Apr 17, 1987
Sold by
United Bank Of Montrose
Bought by
Spectrum Properties Inc

Purchase Details

Closed on
Oct 31, 1985
Sold by
Gilmore Tom C Sheriff
Bought by
United Bank Of Montrose

Purchase Details

Closed on
Jul 10, 1972
Sold by
Border Margaret Barbara
Bought by
Kramer Gerald R and Kramer Nancy J
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$340,000 Land Title
Henley Robert E $210,500 First American Heritage Titl
Looper David W $164,000 None Available
Looper David W -- None Available
Koehn Greg $120,800 --
Beavon Ted $125,000 --
Bastion Lois H -- --
Bastion Edson L $15,900 --
Spectrum Properties Inc -- --
United Bank Of Montrose $50,000 --
Kramer Gerald R $8,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $306,000
Previous Owner Henley Robert E $121,000
Previous Owner Henley Robert E $119,162
Previous Owner Henley Robert E $120,500
Previous Owner Looper David W $156,000
Previous Owner Looper David W $50,000
Previous Owner Looper David W $94,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/07/2025 07/07/25 Sold $340,000 -6.8% $215 / Sq Ft
06/07/2025 06/07/25 Pending -- -- --
05/01/2025 05/01/25 For Sale $364,900 -- $230 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,419 $22,350 $0 $0
2024 $1,419 $15,320 $4,150 $11,170
2023 $1,074 $19,710 $5,340 $14,370
2022 $843 $13,400 $2,670 $10,730
2021 $872 $13,790 $2,750 $11,040
2020 $773 $12,470 $2,570 $9,900
2019 $778 $12,470 $2,570 $9,900
2018 $702 $10,950 $2,150 $8,800
2017 $701 $10,950 $2,150 $8,800
2016 $669 $10,650 $2,070 $8,580
2015 $618 $10,650 $2,070 $8,580
2014 $550 $10,150 $2,070 $8,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 823507

Colorado Real Estate Network (CREN)

APN: R0008590

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