$3,850,000 Price Analysis    ♡   Elizabeth, CO 80107 3 bed 3 bath 2,872 SqFt ($1340/SqFt) 120.0 acre lot. Built 2005 Listed 2024-03-16, Taxes $3,195 | May be USDA loan restricted due to income limits near Elizabeth |
Nestled on a sprawling 120-acre estate in Elizabeth
CO, this property is a haven of potential within the EDZ zone. Whether you envision it as a charming wedding venue, a site for light industrial/commercial ventures or a development opportunity with potential rezoning for 10-acre lots, the choices are abundant. Currently zoned AG but within the EDZ area, it offers possibilities for low-density residential redevelopment or diverse comm ercial/light industrial uses. The property features a where natural beauty meets functionality manufactured home with either three bedrooms or two bedrooms plus a study, three bathrooms and a fully finished basement. This residence serves as n ideal temporary dwelling for caretakers or those planning their dream home.
With two domestic wells and two septic systems, convenience is ensured for both residents and livestock. Facilities include an 8-stall barn with runs and a open Quonset equipped with electricity, a bathroom and concrete flooring. Half of the Quonset functions as a versatile workshop with 220-volt capabilities, while the other half offers hay storage. This ranch falls under Elbert County's AG zoning and is within EDZ zoning, allowing for commercial use across the property. The property can also be subdivided into smaller parcels for low-density residential development, offering flexibility for prospective buyers. The current seller is open to a leaseback arrangement while buyers plan and navigate the rezoning process. With its diverse amenities, prime location and commitment to equine welfare through the Journey with Equus non-profit organization, this Colorado Equestrian Ranch is a rare find, inviting exploration and appreciation.
Presented by Dawn Green at
eXp Realty, LLC.
Property MLS #7442451 from REcolorado
Bedrooms On Basement Level: 1
Bedrooms On Main Level: 2
Primary Bedroom Level: Main
Bedroom 1 Level: Main
Bedroom 2 Level: Basement
Full Bathrooms: 3
Bathrooms On Main Level: 2
Bathrooms On Basement Level: 1
Bathroom (Full) Level: Main
Bathroom (Full) 2 Level: Basement
Great Room 2 Level: Basement
Great Room Level: Basement
Living Room Level: Main
Basement Description: Finished, Full, Walk-Out Access
Road Frontage Type: Shared
Road Responsibility: Private Maintained Road
Road Surface Type: Dirt
Lot Size Acres: 120.0
Lot Size Dimensions: 5227200
Lot Size Square Feet: 5227200
Elementary School District: Elizabeth C-1
High School: Elizabeth
High School District: Elizabeth C-1
Middle School: Elizabeth
Middle or Junior School District: Elizabeth C-1
Map directions Map directions Map directionsPets Allowed: Yes
Source Listing Status: Active
County: Elbert
Current Use: Agricultural, Livestock, Residential
Directions: From Parker , Hess Rd East, Take Hilltop Rd and Co Rd 166 to Driftwood Cir in Elbert County
Tax Year: 2022
Source Property Type: Farm
Exclusions: Any and all owner unattached, personal property and with the following: All livestock panels (except those used for the runs in the barn), the temporary shelter logic sheds, water tanks, tack, saddle racks, rubber mats in the stalls round pens, and the Washer and Dryer. Garden Art and All appliances in the Quonset will also be excluded unless otherwise agreed upon. Basement Refrigerator in home
Possible Use: Agricultural, Commercial, Livestock, Residential
Parcel Number: R106158
Zoning: AG
Property Subtype: Farm
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $36,970 + $3,020 $39,990 | $3,195 |
| 2021 | $39,410 + $3,170 $42,580 | $3,389 |
$3,850,000
PikesPeakMLS
Price Changed 2024-08-15
$3,850,000
REcolorado
Listing removed 2024-08-15
$0
PikesPeakMLS
Relisted 2024-06-05
$4,000,000
PikesPeakMLS
Listing removed 2024-06-02
$0
PikesPeakMLS
Listed 2024-03-18
$4,000,000
PikesPeakMLS
Listed 2024-03-16
$4,000,000
REcolorado
Sold 2011-06-13
$750,000
Public Record
Sold 2004-06-14
$625,000
Public Record
Year Built: 2005
Above Grade Finished Area: 1436
BelowGradeFinishedArea: 1436
Construction Materials: Wood Siding
Foundation Details: Concrete Perimeter, Raised, Slab
Levels: One
Property Age: 19
Roof: Composition
Structure Type: Manufactured House
Architectural Style: A-Frame
Sewer: Septic Tank
Electricity Available
Internet Access (Wired)
Water Source: Private, Well
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.