$675,000
$40K PRICE DROP

61181 Falcon Rd Olathe, CO 81425

Estimated payment $3,896/month

Total Views 4,554
3 Beds
2.5 Baths
2,304 Sq Ft
$293 Price per Sq Ft

Highlights

  • Horses Allowed On Property
  • Mountain View
  • Living Room with Fireplace
  • RV or Boat Parking
  • Wood Burning Stove
  • Log Cabin

About This Home

If you're searching for more than just a home—this 4.8-acre retreat in Olathe, Colorado was made for you. Whether you dream of raising animals, growing food, or simply unplugging in peaceful surroundings, this property offers the space and serenity to bring those dreams to life. Thoughtfully updated with modern comforts while preserving its rustic charm, this 3-bedroom, 2.5-bath log home invites natural light through large windows and offers 14" thick walls for energy efficiency and quiet living. A newly renovated kitchen, fresh flooring, and an updated main bath add style and ease. Outside, the possibilities expand: a pole barn with two bays and an automatic waterer awaits your horses or livestock; a metal storage container offers secure space for tools and gear; and the covered back patio is perfect for coffee at sunrise or dinner under the stars. Enjoy ample parking outside, a 2-car garage with built-ins and a storage loft, and well-established gardens that frame your peaceful country oasis. The property includes HOA-provided irrigation water (on a biweekly rotation), making hobby farming and gardening even more viable. This is more than a home—it’s your opportunity to live with intention, surrounded by space, beauty, and freedom.

Listing Agent

Cynthia Cheroske

Coldwell Banker Distinctive Properties Listed on: 03/26/2025

Coldwell Banker Distinctive Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,408

Year Built

  • Built in 1988

Lot Details

  • 4.8 Acre Lot
  • Kennel or Dog Run
  • Back Yard Fenced

Home Design

  • Log Cabin
  • Metal Roof
  • Log Siding
  • Stick Built Home

Interior Spaces

  • 2,304 Sq Ft Home
  • Wood Burning Stove
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • RV or Boat Parking

Schools

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

Farming

  • 4 Irrigated Acres
  • Cattle
  • Hogs
  • Sheep or Goats

Utilities

  • Hot Water Baseboard Heater
  • Heating System Powered By Owned Propane
  • Heating System Uses Propane
  • Irrigation Water Rights
  • Septic Tank
  • Septic System
  • Internet Available

Additional Features

  • Shed
  • Horses Allowed On Property

Listing and Financial Details

  • Assessor Parcel Number 372313302001

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,408

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Microwave, Oven-Wall
  • Estimated Irrigation Acres: 4
  • Estimated Total Acres: 4.804
  • Class: RESIDENTIAL
  • Em Deposit: 8000.00
  • Em Holder: Land Title Guarantee
  • Exterior Inclusions: Shed/Storage
  • Horse Setup: Yes
  • Legal Lot Block: Subd: GRAY INTERFAMILY SUBD RESUB LOT 6 ORCHARD HOME SUBD Lot: A S: 13 T: 50 R: 10
  • Livestock Allowed: Cattle, Horses, Poultry, Sheep, Swine
  • Lot Size Acreage: 2-4.99
  • Parcel Id Number: 372313302001
  • Price Per Sq Ft: 292.97
  • Real Estate Included: Yes
  • Realist Id: 3723-133-02-001
  • Residence Style: Log
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Log
  • Street Descriptionaccess: Paved
  • Street Designation: Road
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Internet Provider: Elevate
  • Internet Service: Yes
  • Total Taxes Dollar: 2408.00
  • Year Built: 1988
  • Foreign Owned Y N: No
  • Prop Description Remarks: If you're searching for more than just a home—this 4.8-acre retreat in Olathe, Colorado was made for you. Whether you dream of raising animals, growing food, or simply unplugging in peaceful surroundings, this property offers the space and serenity to bring those dreams to life. Thoughtfully updated with modern comforts while preserving its rustic charm, this 3-bedroom, 2.5-bath log home invites natural light through large windows and offers 14" thick walls for energy efficiency and quiet living. A newly renovated kitchen, fresh flooring, and an updated main bath add style and ease. Outside, the possibilities expand: a pole barn with two bays and an automatic waterer awaits your horses or livestock; a metal storage container offers secure space for tools and gear; and the covered back patio is perfect for coffee at sunrise or dinner under the stars. Enjoy ample parking outside, a 2-car garage with built-ins and a storage loft, and well-established gardens that frame your peaceful country oasis. The property includes HOA-provided irrigation water (on a biweekly rotation), making hobby farming and gardening even more viable. This is more than a home—it’s your opportunity to live with intention, surrounded by space, beauty, and freedom.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Estimated Total Sq Ft: 2304
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 1
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 3
  • Fireplace Location Type: Living Room, Woodstove
  • Total Office Den: 0

Exterior Features

  • Fence: Fenced - Back
  • Exterior Structures: Garage, Shed, Storage Container, Dog Kennel
  • Roof: Metal
  • Views: Mountains

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Propane-Tank Owned
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Propane
  • Heating System: Hot Water Baseboard, Wood Stove
  • Irrigation Water Description Amount: 1 day every 2 weeks
  • Irrigation Water District: uncompahgre water
  • Sewer Supplier: Septic
  • Water Rights Irrigation: Yes
  • Water Supplier: Menoken Water Company

Schools

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,409 $34,370 $6,840 $27,530
2023 $2,409 $39,470 $7,850 $31,620
2022 $1,715 $27,250 $3,890 $23,360
2021 $1,773 $28,040 $4,000 $24,040
2020 $1,524 $24,600 $3,400 $21,200
2019 $1,535 $24,600 $3,400 $21,200
2018 $1,420 $22,150 $2,850 $19,300
2017 $1,417 $22,150 $2,850 $19,300
2016 $1,404 $22,350 $2,630 $19,720
2015 $1,294 $22,350 $2,630 $19,720
2014 $1,016 $18,790 $2,390 $16,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 Price Changed $675,000 -0.4% $293 / Sq Ft
06/23/2025 06/23/25 Price Changed $677,900 -2.7% $294 / Sq Ft
06/09/2025 06/09/25 Price Changed $697,000 -2.5% $303 / Sq Ft
04/28/2025 04/28/25 For Sale $715,000 0.0% $310 / Sq Ft
03/31/2025 03/31/25 Pending -- -- --
03/26/2025 03/26/25 For Sale $715,000 -- $310 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer $50,000 United Title Compnay
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $228,000 New Conventional
Closed $278,000 New Conventional
Closed $31,595 Unknown
Closed $275,115 FHA
Closed $250,000 Adjustable Rate Mortgage/ARM
Source: Public Records

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Source: Colorado Real Estate Network (CREN)

MLS Number: 822296

Colorado Real Estate Network (CREN)

APN: R0021867