NOT LISTED FOR SALE

8800 S River Rd Olathe, CO 81425

Estimated Value: $433,000 - $572,114

2 Beds
2 Baths
1,044 Sq Ft
$508/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $470,000 $450 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,041/month

134 Days on Market

Highlights

  • Barn
  • River Front
  • Mountain View
  • Arena
  • 22.57 Acre Lot
  • Deck

About This Home

As of December 2021

South River Equestrian is located just south of the quaint and nationally known western Colorado town of Olathe. The agricultural heritage in this lush valley runs deep, along with the true rural western lifestyle. This ranch encompasses all that makes this area great! Twenty-two and a half total acres - with fourteen irrigated from some of the best water in the area. A private ditch provides a half-acre foot per share, giving those 14 acres around 500 small bales per cutting, weighing in at 60 pounds each! Set up to accommodate all your equestrian needs, with a large 9-stall barn with a washroom, foaling stall, downstairs bathroom, and upstairs living quarters. This property was once a place that hosted large equine events, riding training, and boarding with its 200×300ft arena, 50' round pen, and indoor/outdoor stalls. This is the perfect income-producing property, with great horse facilities waiting for you! With the charming 1,044 sqft, 2 bed, 1 bathroom living space above the barn, the possibilities are endless. Live onsite while building your dream home with utilities already nearby. When finished you are left with guest facilities where mountain views above your grazing horses can be enjoyed from both decks. Rent it out for additional income as a VRBO with a rare opportunity for travelers with horses and trailers to stay. Upon a tour of the ranch one can see its vast potential ready to be tapped into! Call to set up a tour today before it’s too late! Olathe is just north of Montrose, Colorado by 15 minutes and only one hour to the much larger city of Grand Junction. Located nearby are regional airports, dining, shopping and more. All the amenities needed, and more, are within a short drive. Olathe is known best for its sweet corn, and come August, they celebrate the harvest each Saturday at a town festival. This agricultural community is big into its farm-to-table living. Plus, then a 10min drive form the property is the new Indoor Arena at the Montrose County Event Center with a little over 63,000 square feet of free span building space. 4-H events, JR Livestock Auctions, Rodeos, and the County Fair is hosted right here at the Montrose County Event Center. If you like to hit the trail, there are miles of trails within a short distance on thousands of acres of BLM land - expanding all the way to the Uncompahgre National Forest (955,229 acres). One hidden little gym just to the north is the Dominguez-Escalante canyon. Ride down along the famous Gunnison River and up Escalante creek to some historical landmarks. A true gem of Western Colorado, with endless recreation in every direction. Plant yourself right in the middle of it all in this federal agricultural community at South River Equestrian. Mountain views, horse facilities, water rights, lush green irrigated pastures, rural living with all life’s amenities just down the road.

Last Agent to Sell the Property

Brooke Snyder

Real Colorado Properties Listed on: 06/30/2021

Last Buyer's Agent

Gary Cooper

RE/MAX Alpine View

RE/MAX Alpine View

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $579

Year Built

  • Built in 2013

Lot Details

  • 22.57 Acre Lot
  • River Front
  • Pipe Fencing
  • Property is zoned Agriculture

HOA Fees

  • $4 Monthly HOA Fees

Property Views

  • Mountain
  • Valley

Home Design

  • Architectural Shingle Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,044 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Deck
  • Shed

Schools

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

Farming

  • Barn
  • 14 Irrigated Acres
  • Pasture
  • Cattle
  • Hogs
  • Sheep or Goats

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Corral
  • Arena

Utilities

  • Window Unit Cooling System
  • Irrigation Water Rights
  • Internet Available

Community Details

  • Rio Vista Subdivision HOA

Listing and Financial Details

  • Assessor Parcel Number 372327301005

Home Details

Home Type

Single Family

Est. Annual Taxes

$579

Year Built

Built in 2013

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Estimated Irrigation Acres: 14
  • Estimated Total Acres: 22.571
  • Class: RESIDENTIAL
  • Em Deposit: 20000
  • Em Holder: Fidelity Title
  • Exterior Inclusions: Deck
  • Horse Setup: Yes
  • Legal Lot Block: Subd: LECLAIR-KOEPKE EXEMPTION CORRECTION Lot: A Tract: 2 S: 27 T: 50 R: 10
  • List Price per Sq Ft: 522.03
  • Livestock Allowed: Cattle, Horses, Poultry, Sheep, Swine
  • Lot Size Acreage: 20-35
  • Parcel Id Number: 372327301005
  • Price Per Sq Ft: 450.19
  • Property Description: Pasture
  • Real Estate Included: Yes
  • Realist Id: 3723-273-01-005
  • Sale/Rent: For Sale
  • Siding: Wood
  • Sold Price Sq Ft: 450.19
  • Street Descriptionaccess: County, Paved
  • Street Designation: Road
  • Tax Account Id: R0017350
  • Waterfront Type: River
  • Zoning: Agriculture
  • Type: Stick Built
  • HOA Fees: Yes
  • Internet Service: Yes
  • Total Taxes Dollar: 579.24
  • Year Built: 2013
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Estimated Total Sq Ft: 1044
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 2
  • Fireplace Location Type: Living Room
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Fence: Pipe
  • Exterior Structures: Arena, Barn, Corral, Shed
  • Roof: Architectural Shingles
  • Views: Mountains, Valley

Utilities

  • Utilities: Electric
  • Cooling: Window A/C Unit(s)
  • Electric Supplier: Delta-Montrose Electric Association
  • Irrigation Water Description Amount: 1.104 Shares
  • Irrigation Water District: Ross Brothers Ditch
  • Sewer Supplier: City of Montrose
  • Water Rights Irrigation: Yes
  • Water Supplier: Tri-County Water Conservancy

Condo/Co-op/Association

  • HOA: Yes
  • Hoametro Fees: 50
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Rio-Vista Subdivision

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: 2020

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2021
Closed on
Dec 20, 2021
Sold by
Foster Jeanine
Bought by
Martinez Dereka I
Seller's Agent
Brooke Snyder
Real Colorado Properties
Buyer's Agent
Gary Cooper
RE/MAX Alpine View
List Price
$650,000
Sold Price
$470,000
Premium/Discount to List
-$180,000
-27.69%
Current Estimated Value
$530,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,029
Avg. Annual Appreciation
4.04%
Original Mortgage
$439,000
Outstanding Balance
$408,084
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$135,728

Purchase Details

Closed on
Jun 4, 2012
Sold by
Wallace Jeanine F
Bought by
Foster Jeanine

Purchase Details

Closed on
Dec 5, 2003
Sold by
Leclair Co Llc
Bought by
Wallace Jeanine F and Wallace Mark A

Purchase Details

Closed on
Nov 20, 2003
Sold by
Micheal Koepke J
Bought by
Leclair Co Llc
Source: Public Records

Range of Values:

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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
Martinez Dereka I $470,000 Fidelity National Title
Martinez Dereka L -- Fidelity National Title
Foster Jeanine -- None Available
Wallace Jeanine F $145,000 --
Leclair Co Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Dereka L $439,000
Closed Martinez Dereka I $439,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $470,000 -13.8% $450 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
08/17/2021 08/17/21 Price Changed $545,000 -7.6% $522 / Sq Ft
07/22/2021 07/22/21 Price Changed $590,000 -9.2% $565 / Sq Ft
06/30/2021 06/30/21 For Sale $650,000 -- $623 / 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 $1,783 $25,450 $11,760 $13,690
2023 $1,783 $30,230 $13,970 $16,260
2022 $1,195 $18,980 $7,310 $11,670
2021 $1,235 $19,530 $7,520 $12,010
2020 $1,147 $18,510 $7,300 $11,210
2019 $1,155 $18,510 $7,300 $11,210
2018 $1,046 $16,320 $6,130 $10,190
2017 $1,044 $16,320 $6,130 $10,190
2016 $1,039 $16,540 $5,890 $10,650
2015 $958 $16,540 $5,890 $10,650
2014 $678 $12,530 $5,890 $6,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 783945

Colorado Real Estate Network (CREN)

APN: R0017350