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$650,000   Price Analysis
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7255 5500 Rd
Olathe, CO 81425
4 bed 4 bath 3,135 SqFt ($207/SqFt)
1.72 acre lot. Built 1914
Listed 2023-09-01, Taxes $1,579
USDA Eligible
near Olathe, CO
 Restrictions may apply
due to home size

Step into history in this beautifully restored Stone School updated and modernized while maintaining the character of its time.

Enjoy morning coffee and mountain views on the large, slate tiled covered front porch. Stepping inside, the big living room with wood burning stove will welcome you in on restored hardwood floors. The master suite sits off to the side and has an updated bathroom with travertine tile accents and its own private access to the front porch. The gorgeous and massive kitchen with granite countertops, modern appliances and updated lighting is a chef's dream with a butcher block island and loads of counter space and storage. The adjacent dining room will be a gathering place for friends and family and is large enough to accommodate a big group. With five spaces that can be utilized as bedrooms, one is non-conforming without proper egress and is ideally suited as a home office, gym or play area. There's a large den with french doors and a closet that can also be used as a bedroom. In addition to the master bedroom, there's another bedroom with an en suite bath, making this a perfect home for multi-generational living. The Stone School has been featured in modern literature and is within OHV and horseback riding range of thousands of acres of BLM and Forest Service public lands that extend up to the Uncompahgre Plateau. The home features a working well, automated sprinklers, gar den and livestock watering system on 1.72 acres. It comes complete with a John Deere riding mower and back-up generator, a large wood furnace and a nearly 5 year supply of split firewood. There's a fenced lawn area tht includes a playset and trampoline and provides a safe space for children to play. Three large patios provide ample space to enjoy the peaceful serenity of living in farm country and there's also a basketball court with hoop included. A small shop/garage with electricity and covered side parking and storage is located out back. All of this can be found in a quiet, country setting surrounded by farmland, with plenty of shade trees, livestock facilities and no HOA!

The town of Olathe is about 10 minutes away and has some of the best schools around. If you're looking for a unique home that has room for the whole family, all of their toys and offers the freedom to live the lifestyle of your choosing, this could be it!


Presented by Linda Steil at
Berkshire Hathaway HomeServices Colorado Properties.
Listing Agent Photo

Property MLS #807568 from CREN

Bedrooms: 4

Total Bathrooms: 4
Full Bathrooms: 2
1/2 Bathrooms: 1
3/4 Bathrooms: 1

Wood Stove
Granite Counters
Furnished Description: Unfurnished
Flooring: Hardwood, Tile

Cooling Features: Evaporative Cooler
Fireplace Features: Living Room, Woodstove
Heating Features: Forced Air, Wood Stove
Heating Fuel: Propane, Wood
Water Heaters: Tankless

Living Room Description: No

Shed/Storage
Landscaping
Patio
Lawn Sprinklers
Covered Porch
Other Structures: Shed
Road Frontage Type: Road

Carport Spaces: 2
Garage Spaces: 1
Garage Description: Detached Garage

Lot Size Acres: 1.72
Lot Size Square Feet: 74923

View: Mountains

Association: No
Calculated Total Monthly Association Fees: 0

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

Olathe Elementary School is a public elementary school located approximately 4.4 miles away.
directions icon Map directions

Olathe High School is a public high school located approximately 4.6 miles away.
directions icon Map directions

Olathe Middle School is a public middle school located approximately 4.6 miles away.
directions icon Map directions

Annual Tax Amount: 1586.88
Source Listing Status: Active
County: Montrose
Current Use: Residential
Directions: From Hwy 550, turn west on Hwy 348 in Olathe. Take it to 5500 Rd. (there's a 4 way stop) turn south and go about 1 mile. Property on the right side of the road.
Tax Year: 2022
Source Property Type: RESIDENTIAL
Area: Olathe
Source Neighborhood: Olathe
Property Subtype: Stick Built
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$21,800 + $3,290
$25,090
$1,579
2021$22,430 + $3,380
$25,810
$1,632
2020$20,460 + $3,160
$23,620
$1,463
2019$20,460 + $3,160
$23,620
$1,473

Price Changed 2024-05-23
$650,000
CREN
Price Changed 2024-01-12
$675,000
CREN
Price Changed 2023-10-09
$699,000
CREN
Listed 2023-09-01
$725,000
CREN
Listing removed 2023-08-30
$0
CREN
Price Changed 2023-05-30
$725,000
CREN
Price Changed 2023-05-01
$759,900
CREN
Price Changed 2023-03-01
$764,900
CREN
Price Changed 2023-02-01
$769,900
CREN
Listed 2023-01-04
$775,000
CREN
Listing removed 2023-01-02
$0
CREN
Price Changed 2022-10-14
$799,000
CREN
Price Changed 2022-09-30
$825,000
CREN
Relisted 2022-09-17
$834,900
CREN
Listing removed 2022-09-13
$0
CREN
Price Changed 2022-08-16
$834,900
CREN
Listed 2022-08-02
$850,000
CREN
Sold 2018-04-30
$330,000
Public Record
Sold 2017-09-29
$121,000
Public Record
Sold 2013-03-18
$131,000
Public Record

Total Square Feet Living: 3135
Year Built: 1914
Building Exterior Type: Brick, Stone
Construction Materials: Wood Frame, Stone
Foundation Details: Crawl Space
Property Age: 110
Property Attached: Yes
Roof: Metal
House Style: Ranch
Year Remodeled: 2018

Sewer: Septic System
Electric
Propane-Tank Leased
Internet
Water Source: Public
Water Well: Yes
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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.