NOT LISTED FOR SALE

981 Palisade Mountain Dr Drake, CO 80515

Estimated Value: $218,003

2 Beds
1 Bath
1,088 Sq Ft
$200/Sq Ft Est. Value

Sale Details

Date Sold: February 21, 2020

Last sale price $295,000 $271 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $1,198 / mo

11 Days on Market

Highlights

  • Panoramic View
  • Deck
  • Wood Flooring
  • Open Floorplan
  • Cathedral Ceiling
  • 1 Car Detached Garage

About This Home

As of February 2020

This nearly one-acre mountain parcel offers sweeping views of the Continental Divide, including Long's Peak and portions of the Never Summers. A high-producing well has already been drilled, there is a vault waste system currently installed and approved for two bedrooms, electricity is to the property, and the homesite has been graded with minimal prep required. The property showcases dramatic rock outcroppings, breathtaking mountain vistas, and easy access to outdoor recreation. Nearby trails on Palisade and Storm Mountain provide opportunities for hiking, jeeping, side-by-sides, and more, while trout fishing can be enjoyed along the nearby Big Thompson River. Within the community, residents also have access to a private lake where fishing and non-motorized boating are allowed. A home once stood here but was lost in the Alexander Mountain Fire of 2024, leaving behind a ready-to-build site with utilities already in place. Whether you're envisioning a mountain retreat or a full-time residence, this property is primed for your dream home.

Last Agent to Sell the Property

Wayne Kohl

eXp Realty LLC License #40004520 Listed on: 01/03/2020

eXp Realty LLC

Last Buyer's Agent

Wayne Kohl

eXp Realty LLC License #40004520 Listed on: 01/03/2020

eXp Realty LLC
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,688

Year Built

  • Built in 1992

Lot Details

  • 35,284 Sq Ft Lot
  • Dirt Road

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Property Views

  • Panoramic
  • Mountain

Home Design

  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 1,088 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Window Treatments
  • Dining Room

Kitchen

  • Electric Oven or Range
  • Microwave

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outdoor Storage

Schools

  • Big Thompson Elementary School
  • Clark Middle School
  • Thompson Valley High School

Utilities

  • Space Heater
  • Baseboard Heating
  • Propane
  • Septic System

Community Details

  • Association fees include common amenities
  • Cedar Springs Estate Subdivision

Listing and Financial Details

  • Assessor Parcel Number R0466964

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,688

Year Built

Built in 1992

Lot Details

0.81 Acres

HOA Fees

$4 per month

Parking

1

Listing Details

  • Year Built: 1992
  • Property Sub Type: Residential-Detached
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 0.81
  • Road Surface Type: Dirt, Gravel
  • Subdivision Name: Cedar Springs Estate
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1088
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Washer, Dryer, Microwave
  • Has Basement: None
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Wood Floors
  • Interior Amenities: Separate Dining Room, Cathedral/Vaulted Ceilings, Open Floorplan, Stain/Natural Trim
  • Window Features: Window Coverings
  • Dining Room Features: Wood Floor
  • IRESDS_HasFamilyRoom: No
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Carpet
  • Master Bedroom Features: Carpet
  • Room Kitchen Features: Wood Floor
  • Living Room Features: Wood Floor
  • Dining Room Dining Room Level: Main
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Metal
  • View: Mountain(s), Foothills View, Panoramic
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Other Structures: Storage
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • IRESDS_GarageType: Detached

Utilities

  • Electric: Electric, REA
  • Heating: Baseboard, Space Heater
  • Utilities: Electricity Available, Propane
  • Laundry Features: Washer/Dryer Hookups, Main Level
  • Heating Yn: Yes
  • Sewer: City Sewer, Septic
  • Water Source: Well, Cistern

Condo/Co-op/Association

  • HOA Fee Includes: Common Amenities
  • Senior Community: No
  • Association Fee: 50
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: Yes
  • IRESDS_HasAssociationFee: Yes

Schools

  • Elementary School: Big Thompson
  • HighSchool: Thompson Valley
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Clark (Walt)

Lot Info

  • Zoning: O
  • Lot Size Sq Ft: 35284
  • Parcel #: R0466964
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1688

Multi Family

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2020
Closed on
Feb 21, 2020
Sold by
Bought by
Seller's Agent
Wayne Kohl
eXp Realty LLC
Buyer's Agent
Wayne Kohl
eXp Realty LLC
List Price
$310,000
Sold Price
$295,000
Premium/Discount to List
-$15,000
-4.84%
Current Estimated Value
$218,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,997
Avg. Annual Appreciation
-4.58%
Original Mortgage
$236,000
Outstanding Balance
$204,898
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$13,105

Purchase Details

Closed on
Jan 3, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,400
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 5, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.88%
Mortgage Type
Credit Line Revolving
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$295,000 Heritage Title Co
$203,000 Guardian Title Agency
$85,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $236,000
Previous Owner $162,400
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/03/2026 07/03/26 For Sale $145,000 -50.8% --
05/24/2020 05/24/20 Off Market $295,000 -- --
02/21/2020 02/21/20 Sold $295,000 -4.8% $271 / Sq Ft
01/03/2020 01/03/20 For Sale $310,000 -- $285 / Sq Ft
Source: IRES MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $446 $4,125 $4,125
2024 $2,458 $27,671 $3,819 $23,852
2022 $2,068 $19,891 $2,516 $17,375
2021 $2,119 $20,463 $2,588 $17,875
2020 $1,830 $17,590 $2,360 $15,230
2019 $1,806 $17,590 $2,360 $15,230
2018 $1,688 $15,689 $2,052 $13,637
2017 $1,510 $15,689 $2,052 $13,637
2016 $1,270 $12,903 $1,751 $11,152
2015 $1,257 $12,900 $1,750 $11,150
2014 $1,026 $10,670 $2,070 $8,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE901022

IRES MLS

APN: 16264-23-023

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