NOT LISTED FOR SALE

8598 5500 Rd Olathe, CO 81425

Estimated Value: $724,000 - $1,735,276

51.56 Acres
$23,736 Price per Acre
2,245,954 Sq Ft Lot

Last Sold June 19, 2014

Last sale price $526,000 $132 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $7,691/month

431 Days on Market

Highlights

  • Horses Allowed On Property
  • 51.56 Acre Lot
  • Deck
  • Home fronts a creek
  • Mountain View
  • Wooded Lot

About This Lot

As of June 2014

This home is located at 8598 5500 Rd, Olathe, CO 81425 since 04 April 2013 and is currently estimated at $1,223,819, approximately $306 per square foot. This property was built in 2003. 8598 5500 Rd is a home located in Montrose County with nearby schools including Olathe Elementary School, Olathe Middle and High School, and Olathe Middle School.

Last Agent to Sell the Property

Bryan Walchle

Eagle Land Brokerage Listed on: 04/04/2013

Last Buyer's Agent

Joe Nortrup

Jeanne Nortrup, Independent Broker

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,100

Year Built

  • Built in 2003 | Remodeled in 2013

Lot Details

  • 51.56 Acre Lot
  • Home fronts a creek
  • Home fronts a pond
  • Property is Fully Fenced
  • Barbed Wire
  • Landscaped
  • Level Lot
  • Wooded Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels
  • Property is zoned Agriculture

Property Views

  • Mountain
  • Valley

Home Design

  • Log Cabin
  • Earth Berm
  • Ranch Property
  • Concrete Foundation
  • Metal Roof
  • Log Siding

Interior Spaces

  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Free Standing Fireplace
  • Living Room with Fireplace
  • Finished Basement
  • Partial Basement
  • Breakfast Bar
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Deck
  • Patio

Schools

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

Farming

  • Crops Farm
  • 49 Irrigated Acres
  • Hay
  • Pasture
  • Cattle
  • Livestock
  • Sheep or Goats

Utilities

  • Heating System Uses Wood
  • Baseboard Heating
  • Irrigation Water Rights
  • Septic System
  • Phone Available

Additional Features

  • Accessory Dwelling Unit (ADU)
  • Horses Allowed On Property

Listing and Financial Details

  • Assessor Parcel Number 372525300014

Property Details

Property Type

Land

Est. Annual Taxes

$2,100

Year Built

Built in 2003 | Remodeled in 2013

Lot Details

0

Listing Details

  • Additional Living Quarters: Yes
  • Class: Farmranch
  • Em Holder: Title Company
  • Exterior Inclusions: Deck, Landscaped, Patio
  • Fronts: County road and Creek
  • Horse Setup: Yes
  • Interior Inclusions: Cathedral Ceiling, Ceiling Fan(s), W/D Hookup, Vaulted Ceiling
  • Legal Lot Block: Tract in W2 Sec 25-50-11 Long Call listing Office
  • Lot Size Acreage: 51-100 Acres
  • Parcel Id Number: 372525300014
  • Price Per Sq Ft: 131.6
  • Property Description: Pastures, Wooded Lot
  • Residence Stories: Three Story
  • Residence Style: Log, In Ground Berm
  • Siding: Log
  • Sold Price Sq Ft: 131.6
  • Street Descriptionaccess: Paved, Private, State Highway, County, Gravel
  • Street Designation: Road
  • Waterfront Type: Creek, Pond
  • Zoning: Agriculture
  • Fireplace Type Location: Living Room, Free-Standing
  • Domestic Sewer: Septic
  • Domestic Water: Installed Paid
  • Type: With Residence
  • Estimated Irrigation Acres: 48.8
  • Estimated Total Acres: 51.56
  • Estimated Total Sq Ft: 3997
  • Current Property Use: Cattle, Sheep Ranch, Horses, Ag/Livestock, Ag/Row Crops, Hay Production
  • Em Deposit: $20,000.
  • Main Sf: 1457
  • Possible Short Sale: Yes
  • Upper Level Sq Ft: 1083
  • Water Rights Irrigation: Yes
  • Adjudicated Yn: Yes
  • Bathroom Description: Full and 3/4
  • Basement Sq Ft: 1457
  • Can Be Subdivided: Yes
  • Irrigation Systemrights: Owned, Siphon Tubes, Gated Pipe, Open Ditch
  • Irr Water Descamnt: 48.8
  • Mineral Rights: Unknown
  • Pasture: Yes
  • Price Acre: 10647.79
  • Topography: Level
  • Views Type: Mountains, Valley
  • Total Taxes Dollar: 2100
  • Year Built: 2003
  • Year Renovated: 2013
  • Special Features: 12
  • Property Sub Type: LotsLands
  • Stories: 1180

Interior Features

  • Dining Room: Kitchen Bar
  • Bedrooms: 3
  • Master Bedroom Dimensions: 14' x 23'
  • Flooring: Wood, Carpet, Tile
  • Foundation: Basement, Concrete, Insulated
  • Total Bathrooms: 2
  • Basement: Finished, Partial, Unfinished

Exterior Features

  • Fence: Barbed Wire, Full Property, Partial Property
  • Roof: Metal
  • Views: San Juan, West Elks Mtns
  • Waterfront: Yes

Utilities

  • Utilities: Phone
  • Electric Supplier: Delta-Montrose Electric Association
  • Heating System: Electric Baseboard, Fireplace
  • Irrigation Water District: UVWUA
  • Laundry Util Dimensions: 11'3" x 8'
  • 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

Green Features

  • Green Sustainability: Renewable Materials

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2012

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2013
Closed on
Jun 19, 2014
Sold by
Reardon Peter and Reardon Inis
Bought by
Shrock Troy and Shrock Rhonda
Seller's Agent
Bryan Walchle
Eagle Land Brokerage
Buyer's Agent
Joe Nortrup
Jeanne Nortrup, Independent Broker
List Price
$589,000
Sold Price
$526,000
Premium/Discount to List
-$63,000
-10.7%
Current Estimated Value
$1,223,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$697,819
Avg. Annual Appreciation
7.84%
Original Mortgage
$650,000
Interest Rate
4.45%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 13, 2012
Sold by
Sweany Robert Dale and Sweany Terri Ann
Bought by
Reardon Peter and Reardon Inis

Purchase Details

Closed on
Sep 18, 2002
Sold by
Lutz Stanley R and Lutz Ethel V
Bought by
Sweany Robert Dale and Sweany Terrie Ann

Purchase Details

Closed on
Dec 21, 1988
Sold by
Dusio Martha Pr Sanders Shirley
Bought by
Lutz Stanley R and Lutz Ethel V

Purchase Details

Closed on
Dec 14, 1988
Sold by
Bettis Willis H and Bettis Edith A
Bought by
Lutz Stanley R and Lutz Ethel V
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shrock Troy $526,000 Fntc
Reardon Peter -- None Available
Reardon Peter $415,000 None Available
Sweany Robert Dale $230,000 --
Lutz Stanley R -- --
Lutz Stanley R $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shrock Troy $650,000
Closed Shrock Troy $506,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2014 06/19/14 Sold $526,000 -10.7% $132 / Sq Ft
06/09/2014 06/09/14 Pending -- -- --
04/04/2013 04/04/13 For Sale $589,000 -- $147 / 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 $12,270 $175,090 $18,450 $156,640
2023 $11,662 $185,280 $19,150 $166,130
2022 $8,531 $135,530 $15,220 $120,310
2021 $8,696 $137,500 $16,350 $121,150
2020 $8,255 $133,220 $13,770 $119,450
2019 $8,310 $133,220 $13,770 $119,450
2018 $8,546 $133,290 $16,240 $117,050
2017 $8,529 $133,290 $16,240 $117,050
2016 $8,240 $131,130 $15,100 $116,030
2015 $7,603 $131,130 $15,100 $116,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 680065

Colorado Real Estate Network (CREN)

APN: R0010821