M
Seller's Agent in 2020
Montrose NON MEMBER
NON-MEMBER/FSBO Montrose
90 Little Cimarron Rd Cimarron, CO 81220
Estimated Value: $480,243 - $2,109,000
214
Acres
$6,371
Price per Acre
9,321,840
Sq Ft Lot
Highlights
- Barn
- 214 Acre Lot
- Cattle
- Horses Allowed On Property
- Mountain View
- Loafing Shed
About This Lot
As of March 2020For buyers seeking smaller-acreage ranches under $1 millon with irrigation sufficient to keep meadows lush throughout the summer, water rights values are reaching levels that can make such ranches unobtainable. Because of Colorado’s fast-growing population and a healthy agricultural land market, water rights prices continue to rise, with no predicted end in sight. The 214-acre Little Cimarron Valley Ranch (“LCVR”) presents a unique opportunity for buyers to purchase a small-acreage, budget-friendly ranch and have use of senior water rights without paying the astronomical prices associated with traditional irrigated land. Thanks to a cutting-edge conservation partnership with the Colorado Water Trust, the owner of LCVR has shared use of 5.8125 cfs of senior water rights to irrigate 190+/- acres. From a practical perspective, this water rights agreement affects irrigation as it would if the ranch had deeded junior water rights: in normal and wetter-than-average precipitation years, the owners of LCVR can expect to irrigate either for the full season or a portion of the season prior to the water being “called.” Only in the driest of years can the owners expect to not irrigate, which could also be the case with deeded junior water rights. From a financial perspective, LCVR’s 190 irrigated acres have been heavily discounted from what buyers would expect to pay for land irrigated by either junior or senior water rights. The owner of LCVR is able to enjoy the benefits of irrigated meadows and pastures, without having to pay the steep, sometimes budget-busting, prices that irrigated ground is currently fetching.
Last Listed By
Montrose NON MEMBER
NON-MEMBER/FSBO Montrose Listed on: 01/21/2020
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,801
Year Built
- 1900
Lot Details
- 214 Acre Lot
- Cross Fenced
- Property is Fully Fenced
- Barbed Wire
- Level Lot
- Property is zoned Agriculture
Property Views
- Mountain
- Valley
Farming
- Barn
- Loafing Shed
- Hay
- Cattle
- Livestock
Horse Facilities and Amenities
- Horses Allowed On Property
Listing and Financial Details
- Security Deposit $50,000
- Assessor Parcel Number 398700000043
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 21, 2020
Closed on
Mar 16, 2020
Sold by
Western Riyers Conservancy
Bought by
Mighty Zephyr Ranch Llc
Seller's Agent
Montrose NON MEMBER
NON-MEMBER/FSBO Montrose
Buyer's Agent
Darrell & Julia The Boren Team
Norris-Phillips Real Estate, LLC
List Price
$750,000
Sold Price
$625,000
Premium/Discount to List
-$125,000
-16.67%
Total Days on Market
0
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$738,414
Avg. Annual Appreciation
11.87%
Purchase Details
Closed on
Dec 20, 2010
Sold by
Shepardson John A and Shepardson Deborah L
Bought by
Little Cimarron Llc
Purchase Details
Closed on
Feb 2, 2007
Sold by
Nicolas Scott and Nicolas Octave
Bought by
Shepardson John A and Shepardson Deborah L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.13%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 15, 1999
Sold by
Nicolas Ranch
Bought by
Nicolas Octave
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Little Cimarron Llc | -- | None Available | |
| Shepardson John A | $1,289,689 | None Available | |
| Nicolas Octave | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Shepardson John A | $1,100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/16/2020 03/16/20 | Sold | $625,000 | -16.7% | -- |
| 01/21/2020 01/21/20 | Pending | -- | -- | -- |
| 01/21/2020 01/21/20 | For Sale | $750,000 | -- | -- |
Source: Colorado Real Estate Network (CREN)
Tax History Compared to Growth
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 | $1,658 | $36,520 | $26,390 | $10,130 |
| 2023 | $1,658 | $33,320 | $26,390 | $6,930 |
| 2022 | $1,677 | $32,810 | $25,530 | $7,280 |
| 2021 | $1,742 | $35,860 | $28,050 | $7,810 |
| 2020 | $2,050 | $41,380 | $26,810 | $14,570 |
| 2019 | $1,996 | $41,380 | $26,810 | $14,570 |
| 2018 | $1,814 | $37,090 | $25,820 | $11,270 |
| 2017 | $1,801 | $37,090 | $25,820 | $11,270 |
| 2016 | $1,857 | $38,350 | $24,390 | $13,960 |
| 2015 | -- | $38,350 | $24,390 | $13,960 |
| 2014 | -- | $33,390 | $22,720 | $10,670 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Darrell & Julia The Boren Team
Norris-Phillips Real Estate, LLC
(970) 768-3399
Map
Source: Colorado Real Estate Network (CREN)
MLS Number: 767616
APN: R016330
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