NOT LISTED FOR SALE

7588 5450 Rd Olathe, CO 81425

Estimated Value: $724,000 - $937,000

3 Beds
2 Baths
2,145 Sq Ft
$400/Sq Ft Est. Value

Last Sold February 02, 2023

Last sale price $840,000 $392 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,911/month

61 Days on Market

Highlights

  • Horses Allowed On Property
  • Mountain View
  • Radiant Floor
  • RV or Boat Parking
  • Living Room with Fireplace
  • Breakfast Area or Nook

About This Home

As of February 2023

Colorado Luxury Country Home and Horse Property with Large Shop For Sale This ideal horse property is centrally located in a beautiful area west of Olathe and Montrose on 10 acres. With a large three-bay shop, horse fencing & irrigated acreage, and a beautiful country home with pressurized irrigation, professional landscaping, and RV parking, this property is well-suited for the horse enthusiast, with close proximity to town. The home was built in 2007 with a thoughtful floor plan that covers 2,145 square feet, with 3 bedrooms and two bathrooms. The owner is a professional carpenter and craftsman, with a fine taste for luxury mountain style living. New landscaping surrounding the home makes for easy lawn care and low maintenance. The owner has diverted a small portion of irrigation water around the home in a tasteful miniature river rock path, to a pump that feeds the in-ground sprinkler system for the yard. This can easily be used as well for a garden or to pressurize additional irrigation. The large shop building is 2,376 square feet with spray-foam insulation, has three (3) bays, and an office room for a workspace outside the home for those working from home. The property is a total of 10 acres, and comes with 8 shares of UVWUA water rights, as well as tailwater rights from neighboring properties. There's a surplus of water, pushing ample amounts downstream off the property. Located just 1.1 miles from the property is a BLM access point to the Uncompahgre Plateau. This allows easy access to thousands of acres of public land for hunting, four wheeling, horseback riding, and exploring. This has been a great asset for the owners as they've lived at the property.

Last Agent to Sell the Property

Jake Hubbell

United Country Colorado Brokers, Inc. Listed on: 09/28/2022

United Country Colorado Brokers, Inc.

Co-Listed By

Gary Hubbell, ALC

United Country Colorado Brokers, Inc.

Last Buyer's Agent

Diana Atha

Keller Williams Colorado West Realty

Keller Williams Colorado West Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,211

Year Built

  • Built in 2007

Lot Details

  • 10 Acre Lot
  • Split Rail Fence
  • Property is Fully Fenced
  • Barbed Wire
  • Property is zoned Agriculture

Property Views

  • Mountain
  • Valley

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Wood Siding
  • Metal Siding
  • Stick Built Home
  • Stucco

Interior Spaces

  • 2,145 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room with Fireplace
  • Breakfast Area or Nook

Flooring

  • Wood
  • Radiant Floor
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Parking

  • 3 Car Detached Garage
  • RV or Boat Parking

Farming

  • 9 Irrigated Acres
  • Pasture
  • Cattle
  • Hogs
  • Sheep or Goats

Utilities

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

Additional Features

  • Separate Outdoor Workshop
  • Horses Allowed On Property

Listing and Financial Details

  • Assessor Parcel Number 372523101001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,211

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Estimated Irrigation Acres: 9
  • Estimated Total Acres: 10
  • Class: RESIDENTIAL
  • Em Deposit: 20,000
  • Em Holder: Title Company
  • Horse Setup: Yes
  • Legal Lot Block: Subd: ALEXANDER EXEMPTION PARCEL A S: 23 T: 50 R: 11
  • List Price per Sq Ft: 395.8
  • Livestock Allowed: Cattle, Horses, Poultry, Sheep, Swine
  • Lot Size Acreage: 10 - 19.99
  • Parcel Id Number: 372523101001
  • Price Per Sq Ft: 391.61
  • Property Description: Pasture
  • Real Estate Included: Yes
  • Realist Id: 3725-231-01-001
  • Residence Stories: Two Story
  • Residence Style: 3307
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Metal, Stucco, Wood
  • Sold Price Sq Ft: 391.61
  • Street Descriptionaccess: County, Gravel
  • Street Designation: Road
  • Zoning: Agriculture, Residential Single Family
  • Type: Stick Built
  • Internet Service: Yes
  • Total Taxes Dollar: 1210.54
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Dining Room: Breakfast Nook
  • Bedrooms: 3
  • Flooring: Hardwood, Slate, Tile
  • Estimated Total Sq Ft: 2145
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 2
  • Fireplace Location Type: Living Room
  • Foundation: Slab, Concrete
  • Main Level Sq Ft: 1907
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0

Exterior Features

  • Fence: Split Rail, Barbed Wire, Full Property
  • Windows: Double Pane
  • Construction Type: Wood Frame, Wood
  • Exterior Structures: Workshop
  • Views: Mountains, Valley

Garage/Parking

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

Utilities

  • Utilities: Electric, Propane-Tank Leased
  • Cooling: Central A/C
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Propane
  • Heating System: Floor Radiant, Forced Air
  • Irrigation Water Description Amount: 8 Shares
  • Irrigation Water District: UVWUA / Tailwater
  • Sewer Supplier: Septic
  • Water Heater: Propane Water Heater
  • Water Rights Irrigation: Yes
  • Water Supplier: Tri-County Water Conservancy

Schools

  • Elementary School: Open Enrollment
  • Middle School: Open Enrollment
  • High School: Open Enrollment
  • High School: Open Enrollment

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

MLS Schools

  • Elementary School: Open Enrollment
  • Middle School: Open Enrollment

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Feb 27, 2023
Sold by
Walter James F
Bought by
Fisher Carl P
Seller's Agent
Jake Hubbell
United Country Colorado Brokers, Inc.
Buyer's Agent
Diana Atha
Keller Williams Colorado West Realty
List Price
$849,000
Sold Price
$840,000
Premium/Discount to List
-$9,000
-1.06%
Views
19
Current Estimated Value
$857,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,927
Avg. Annual Appreciation
-0.30%
Original Mortgage
$588,000
Outstanding Balance
$573,758
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$259,761

Purchase Details

Listed on
Sep 28, 2022
Closed on
Feb 24, 2023
Sold by
Fisher Carl P
Bought by
Walter James F and Walter Grace T
Seller's Agent
Jake Hubbell
United Country Colorado Brokers, Inc.
Buyer's Agent
Diana Atha
Keller Williams Colorado West Realty
List Price
$849,000
Sold Price
$840,000
Premium/Discount to List
-$9,000
-1.06%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Outstanding Balance
$573,758
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$259,761

Purchase Details

Listed on
Sep 28, 2022
Closed on
Feb 2, 2023
Sold by
Fisher Carl P
Bought by
Walter James F and Walter Grace T
Seller's Agent
Jake Hubbell
United Country Colorado Brokers, Inc.
Buyer's Agent
Diana Atha
Keller Williams Colorado West Realty
List Price
$849,000
Sold Price
$840,000
Premium/Discount to List
-$9,000
-1.06%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Outstanding Balance
$573,758
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$259,761

Purchase Details

Closed on
Feb 10, 2017
Sold by
Fisher Lacy Lyn and Fisher Lacy L
Bought by
Fisher Carl P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,500
Interest Rate
4.16%

Purchase Details

Closed on
Apr 8, 1958
Sold by
Wood Olin O and Wood Camilla J
Bought by
Alexander Joe B and Alexander Maryann
Source: Public Records

Range of Values:

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List Price
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
Fisher Carl P -- --
Walter James F -- Land Title
Maryann Alexander And Alexander Home Place Te -- --
Walter James F -- --
Walter James F $840,000 --
Fisher Carl P -- None Available
Alexander Joe B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fisher Carl P $588,000
Closed Walter James F $588,000
Previous Owner Fisher Carl P $244,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2023 02/02/23 Sold $840,000 -1.1% $392 / Sq Ft
11/28/2022 11/28/22 Pending -- -- --
09/28/2022 09/28/22 For Sale $849,000 -- $396 / Sq Ft
Source: Colorado Real Estate Network (CREN)

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 $2,840 $40,530 $6,510 $34,020
2023 $2,860 $45,430 $7,290 $38,140
2022 $2,286 $36,320 $4,500 $31,820
2021 $2,421 $38,280 $4,760 $33,520
2020 $2,212 $35,690 $4,170 $31,520
2019 $2,226 $35,690 $4,170 $31,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 798567

Colorado Real Estate Network (CREN)

APN: R0020666