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Park 80440
1029 SHEEP RIDGE Rd
$625,000
● House - Off Market

1029 SHEEP RIDGE Rd

Fairplay, CO 80440
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,629 Ft²
$702,688
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Fully furnished log cabin getaway has 3BR/2BA, 1629 sqft and sits on 1.25 acres with AMAZING VIEWS and an OS 2 car garage. Cabin features knotty alder cabinets, granite countertops, under cabinet lighting, SS appliances, natural gas range, log interior accents, T&G vaulted ceiling, knotty pine doors throughout, hardwood floors, beautiful vintage look pellet stove, walk-in closets and a jetted tub. INCREDIBLE 2 story moss rock fireplace with split log mantel and stone hearth. Outside features a HUGE wraparound deck that is covered on 2 sides and a circle drive. Area features 7 private stocked fishing ponds and miles of private hiking trails leading into National Forest. All this and only 35 minutes to Breckenridge.
Unit Size
1,629 Ft²
Days on Market
47 days
Land Size
1.25 acres
Price per sqft
$380
Property Type
House
Property Taxes
$154
HOA Dues
$118
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (REcolorado MLS #8292169)

Price History

Date / Event Date Event Price
Sep 29, 2021 Sold
Premium
Sold
Jul 29, 2021 Listed by Bristlecone Realty Group $619,000
Listed by Bristlecone Realty Group
May 24, 2006 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 5
  • Construction Type: 9
  • Building Style: 0
  • Exterior Walls Type: 9
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 5
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0
  • Location Influence Type: 22

    Dimensions

  • Lot Size Square Feet: 54,450
  • Total Building Area: 1,629
  • Building Area: 1,629
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,629
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WARM SPRINGS
  • Land Acres: 0000001250
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: T10 R77 S29 SW4 WARM SPRINGS FILING 2 LOT 106

Neighborhood

  • School District Name: Park County School District RE-2
  • Census Tract: 000400

Geography

  • Account Number: 38574
  • Parcel: R0038574
  • Lot: 106
  • Latitude: 39.1473
  • Longitude: -106.031

    Address

  • Full Address: 1029 Sheep Ridge Rd
  • Address - House Number: 1029
  • Address - Street Name: Sheep Ridge
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Fairplay
  • Zip Code: 80440

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $256,818
  • Tax Rate Code Area: 0015

    Appraisal Valuation

  • Standard Deviation: 0.1741
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 707,076
  • High Value: 830,202
  • Low Value: 583,951

    Market Valuation

  • Market Total Value: $411,679
  • Market Land Value: $36,548
  • Market Improvement Value: $375,131

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,610
  • Assessed Land Value: $2,540
  • Assessed Improvements Value: $26,070

    Sales

  • Current Sale Contract Date: Sep 28, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 784970
  • Previous Sale Recording Date: May 24, 2006
  • Previous Sale Contract Date: May 22, 2006
  • Previous Sale Amount: $277,875
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Park

Stats & Trends

Median Asking:

$585,000

Sale Price/ft²

$327

Below Asking

0.03%

Average Days on Market

68

Average Home Size

1876 ft²

Average Home Age

31.7 years

Currently For Sale

578 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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REcolorado

Listed by: Terri Winter, Bristlecone Realty Group
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 8292169
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1029 Sheep Ridge Road built and last sold?
The property at 1029 Sheep Ridge Road was built in 2005 and last sold on Sep 28, 2021 for $625,000.
How much is this home worth?
The estimated value of the home located at 1029 Sheep Ridge Road is $0.
What are some comparable homes to 1029 Sheep Ridge Road?
There are currently no comparable homes to 1029 Sheep Ridge Road.
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