$1,849,000

7276 5550 Rd Olathe, CO 81425

Estimated payment $10,611/month

Total Views 3,601
5 Beds
4 Baths
5,688 Sq Ft
$325 Price per Sq Ft

Highlights

  • Hot Property
  • RV or Boat Parking
  • Mountain View
  • Horses Allowed On Property
  • 40.67 Acre Lot
  • Wood Burning Stove

About This Home

Welcome to 7276 5550 Road—where all 40 acres embody the legacy of the land and echo the quiet grace of life on Colorado’s breathtaking Western Slope. At the heart of the property stands a spectacular 5,688 square foot 5-bedroom, 4-bath timber frame home—a masterclass in craftsmanship, comfort, and understated luxury. Towering ceilings, rich wood beams, and high-end finishes create an atmosphere that is both warm and grand. Designed with both gathering and solitude in mind, the layout offers multiple living spaces where you can relax in peace or come together with loved ones. The classic covered front porch welcomes you as you arrive. Through the front entry you will be greeted by the home office to your right, and a pool room to you left. Straight ahead is the great room, anchored by a fantastic wood-burning stone fireplace and huge windows. The main floor also houses the primary suite, complete with its own sitting room, dual-sided gas fireplace, private patio, and 6-piece en-suite bath. The chefs kitchen is situated perfectly for entertaining guests, and boasts high-end Viking appliances. The dining room and family room flow off of the kitchen, which features yet another beautiful wood burning stove and access to multiple outdoor spaces. A large laundry/mud room and a full guest bath are just around the corner, as well as garage access. Upstairs you can enjoy the views of the main floor and outdoors from the catwalk! There are two additional living room spaces upstairs, easily used as a library, craft space, or more. There are two spacious bedrooms, one with an en-suite bath and the other just down the hall from another spacious bath. The home was built with an incredible amount of storage- from the eaves to deep reach-ins and expansive walk-in closets, you will not be disappointed in the storage capacity! There is also a large bonus room upstairs that can be accessed via a private staircase from the garage or simply from the hallway upstairs. This space has another wood burning stove, 3 spacious walk-in closets, and beautiful big windows. Use this room as a guest suite, home-gym, reloading space, artistic studio, or more. Forced air heating and cooling keep the home temperate year-round, and a new roof was just installed last year. Views abound from every angle of this property- from the San Juans to the Uncompahgre and the Grand Mesa. Outdoors you will find a 50x60 shop, built in 2020, that is perfect for toy storage, creative work, or hobbies, and includes a 50x30 carport and 20x60 lean-to for added versatility. Keep your hay dry and covered! Irrigated acreage planted in grass hay lays out to the west of the home and shop. A lush riparian corridor runs through the south east corner of the property, offering live water year-round and a shaded sanctuary for birds, wildlife, and livestock alike. While the land is held in an agricultural conservation easement to preserve its natural integrity, there’s still room to enjoy, explore, and appreciate the richness of this setting. There is also a second set of utilities (water tap, installed septic, and power) installed near the north west corner of the property, giving flexibility for an RV or the possibility of a second residence. This property is located amongst the sprawling farms just west of Olathe and a short drive to Montrose or Delta. This is ideal for air travel, as you are less than 20 minutes to the Montrose Regional Airport (MTJ). There are many amenities in this verdant valley, from top-notch healthcare to wonderfully active community, great restaurants, retail options, cultural events, and to local festivals. This one-of-a-kind homestead is ready to support your vision—whether it’s a working farm, a quiet refuge, or a legacy worth building upon, you are welcome in this valley!

Listing Agent

Katie Chapman-Schmalz

Chapman Real Estate Company, LLC Listed on: 07/03/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,430

Year Built

  • Built in 2006

Lot Details

  • 40.67 Acre Lot
  • Landscaped
  • Sprinkler System
  • Property is zoned Agriculture

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1.5-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Double Pane Windows
  • Wood Frame Window
  • Living Room with Fireplace
  • Formal Dining Room
  • Den with Fireplace
  • Game Room
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • 6 Carport Spaces
  • RV or Boat Parking

Schools

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

Farming

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Wood
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Irrigation Water Rights
  • Septic Tank
  • Septic System
  • Internet Available

Additional Features

  • Covered Patio or Porch
  • Horses Allowed On Property

Listing and Financial Details

  • Assessor Parcel Number 372524100002

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,430

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Appliance Inclusions: Range Top, Refrigerator, Dishwasher, Washer, Dryer, Microwave, Oven-Wall
  • Estimated Irrigation Acres: 20
  • Estimated Total Acres: 40.67
  • Class: RESIDENTIAL
  • Em Deposit: 50000
  • Em Holder: Title Co
  • Exterior Inclusions: Landscaping, Irrigation Water, Patio, Lawn Sprinklers, RV Hook Up/Pad, Covered Porch
  • Fronts: W
  • Interior Inclusions: Wood Stove, Ceiling Fan(s), W/D Hookup, Wet Bar, Vaulted Ceiling, Walk In Closet, Game Room
  • Legal Lot Block: SW1/4 NE1/4, SECTION 24, TOWNSHIP 50 NORTH, RANGE 11 WEST, NEW MEXICO PRINCIPAL MERIDIAN, COUNTY OF MONTROSE, STATE OF COLORADO
  • Livestock Allowed: Cattle, Horses, Poultry, Sheep, Swine
  • Lot Dimension: 40.67 acres
  • Lot Size Acreage: 35+
  • Parcel Id Number: 372524100002
  • Price Per Sq Ft: 325.07
  • Real Estate Included: Yes
  • Realist Id: 3725-241-00-002
  • Residence Stories: 1.5 Story
  • Residence Style: Contemporary
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Wood
  • Street Descriptionaccess: County, Gravel
  • Street Designation: Road
  • Tax Account Id: R0008898
  • Zoning: Agriculture
  • Type: Stick Built
  • Internet Provider: Rise Broadband
  • Internet Service: Yes
  • Total Taxes Dollar: 6430.16
  • Year Built: 2006
  • Foreign Owned Y N: No
  • Prop Description Remarks: Welcome to 7276 5550 Road—where all 40 acres embody the legacy of the land and echo the quiet grace of life on Colorado’s breathtaking Western Slope. At the heart of the property stands a spectacular 5,688 square foot 5-bedroom, 4-bath timber frame home—a masterclass in craftsmanship, comfort, and understated luxury. Towering ceilings, rich wood beams, and high-end finishes create an atmosphere that is both warm and grand. Designed with both gathering and solitude in mind, the layout offers multiple living spaces where you can relax in peace or come together with loved ones. The classic covered front porch welcomes you as you arrive. Through the front entry you will be greeted by the home office to your right, and a pool room to you left. Straight ahead is the great room, anchored by a fantastic wood-burning stone fireplace and huge windows. The main floor also houses the primary suite, complete with its own sitting room, dual-sided gas fireplace, private patio, and 6-piece en-suite bath. The chefs kitchen is situated perfectly for entertaining guests, and boasts high-end Viking appliances. The dining room and family room flow off of the kitchen, which features yet another beautiful wood burning stove and access to multiple outdoor spaces. A large laundry/mud room and a full guest bath are just around the corner, as well as garage access. Upstairs you can enjoy the views of the main floor and outdoors from the catwalk! There are two additional living room spaces upstairs, easily used as a library, craft space, or more. There are two spacious bedrooms, one with an en-suite bath and the other just down the hall from another spacious bath. The home was built with an incredible amount of storage- from the eaves to deep reach-ins and expansive walk-in closets, you will not be disappointed in the storage capacity! There is also a large bonus room upstairs that can be accessed via a private staircase from the garage or simply from the hallway upstairs. This space has another wood burning stove, 3 spacious walk-in closets, and beautiful big windows. Use this room as a guest suite, home-gym, reloading space, artistic studio, or more. Forced air heating and cooling keep the home temperate year-round, and a new roof was just installed last year. Views abound from every angle of this property- from the San Juans to the Uncompahgre and the Grand Mesa. Outdoors you will find a 50x60 shop, built in 2020, that is perfect for toy storage, creative work, or hobbies, and includes a 50x30 carport and 20x60 lean-to for added versatility. Keep your hay dry and covered! Irrigated acreage planted in grass hay lays out to the west of the home and shop. A lush riparian corridor runs through the south east corner of the property, offering live water year-round and a shaded sanctuary for birds, wildlife, and livestock alike. While the land is held in an agricultural conservation easement to preserve its natural integrity, there’s still room to enjoy, explore, and appreciate the richness of this setting. There is also a second set of utilities (water tap, installed septic, and power) installed near the north west corner of the property, giving flexibility for an RV or the possibility of a second residence. This property is located amongst the sprawling farms just west of Olathe and a short drive to Montrose or Delta. This is ideal for air travel, as you are less than 20 minutes to the Montrose Regional Airport (MTJ). There are many amenities in this verdant valley, from top-notch healthcare to wonderfully active community, great restaurants, retail options, cultural events, and to local festivals. This one-of-a-kind homestead is ready to support your vision—whether it’s a working farm, a quiet refuge, or a legacy worth building upon, you are welcome in this valley!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 18

Interior Features

  • Dining Room: Kitchen Bar, Separate Dining
  • Bedrooms: 5
  • Flooring: Carpet-Partial, Hardwood, Tile
  • Estimated Total Sq Ft: 5688
  • Full Bathrooms: 3
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 4
  • Fireplace Location Type: Living Room, Den/Family Room
  • Main Level Sq Ft: 3243
  • Master Bedroom Level: Main Level
  • Total Office Den: 0
  • Upper Level Sq Ft: 2445

Exterior Features

  • Windows: Double Pane, Wood
  • Exterior Structures: Garage, Metal Building
  • Roof: Composition
  • Views: Mountains

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Carport: Yes
  • Carport Spaces: 6
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Propane-Tank Leased, Internet, Phone - Cell Reception
  • Cooling: Central A/C
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: JC Propane
  • Heating System: Forced Air, Wood Stove
  • Irrigation Water Description Amount: ~36 shares
  • Irrigation Water District: UVWUA
  • Sewer Supplier: Septic
  • Water Rights Irrigation: Yes
  • Water Supplier: Tri-County Water Conservancy

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 $6,430 $91,760 $7,310 $84,450
2023 $6,430 $97,930 $7,310 $90,620
2022 $4,488 $71,300 $6,880 $64,420
2021 $4,741 $74,960 $7,550 $67,410
2020 $4,513 $72,830 $5,970 $66,860
2019 $3,462 $55,490 $5,970 $49,520
2018 $3,718 $57,990 $7,860 $50,130
2017 $4,537 $70,900 $7,860 $63,040
2016 $4,037 $64,240 $7,270 $56,970
2015 $3,725 $64,240 $7,270 $56,970
2014 $3,156 $58,270 $5,920 $52,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 For Sale $1,849,000 +172.3% $325 / Sq Ft
09/29/2017 09/29/17 Sold $679,000 -- $118 / Sq Ft
09/05/2017 09/05/17 Pending -- -- --
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $835,000 Land Title Guarantee Co
Warranty Deed $679,000 Fidelity National Title
Bargain Sale Deed -- Fidelity National Title Co
Deed $260,000 --
Deed $18,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $425,000 Commercial
Previous Owner $425,000 Commercial
Previous Owner $250,000 New Conventional
Previous Owner $255,000 New Conventional
Source: Public Records

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