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Park
121 Iris Dr
$625,000
● House - Off Market

121 Iris Dr

Bailey, CO 80421
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,386 Ft²
$3,235
Est. Monthly

About This Property

Welcome to 121 Iris Drive, a home where pride of ownership is evident in every detail. Thoughtfully remodeled throughout, including the kitchen, bathrooms, and a fully finished walkout basement, this multi-level mountain home offers over 2,300 square feet of living space, full of charm, natural light, and modern comfort.

The kitchen features granite countertops, new appliances, updated fixtures, and a custom pantry. The open-concept main level connects kitchen, living, and outdoor spaces for practical, versatile living. Both bathrooms have been tastefully updated with fresh finishes, flooring, new fixtures, and thoughtful details. New carpet, paint, lighting, and hardware throughout the home tie it all together with a clean, cohesive feel.

The finished walkout basement adds flexible space for an additional living area, home office, or guest suite, complete with its own pellet stove for cozy winter nights. A second pellet stove warms the main level, offering both charm and efficient comfort. There's also plenty of room for storage or a workshop.

Outside, the .685-acre lot is both usable and inviting with a widened gravel driveway, landscaped yard, fire pit area, and a 12x16 shed for gear or storage. A wood deck and lower concrete patio expand your outdoor living options, while recent fire mitigation work brings peace of mind. You will also find a new well pump and whole-house water filtration system.

Located in the sought-after Friendship Ranch community, just minutes from Hwy 285, this home offers a balanced blend of quality, comfort, and mountain ease. It's ready for its next owner.
Unit Size
2,386 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$262
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
1985

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Last updated: 5 months ago (REcolorado MLS #IRE8629738)

Price History

Date / Event Date Event Price
May 18, 2026 No longer available -
No longer available
May 16, 2026 Withdrawn -
Withdrawn
May 4, 2026 Price Decreased $625,000
↓ $10K (1.6%)
Price Decreased
Apr 30, 2026 Relisted $635,000
Relisted
Apr 20, 2026 In contract -
In contract
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Property Highlights

Parking Available
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,112
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 7

    Dimensions

  • Lot Size Square Feet: 30,492
  • Total Building Area: 1,274
  • Building Area: 1,274
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,274
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRIENDSHIP RCH UNIT 2
  • Land Acres: 0000000700
  • Standard Land Use Code: 1001
  • Legal Description 1: T07 R72 S08 SW4 FRIENDSHIP RANCH UNIT 2 LOT 64

Neighborhood

  • School District Name: Platte Canyon School District 1
  • Census Tract: 000102

Geography

  • Account Number: 18098
  • Parcel: R0018098
  • Lot: 64
  • Latitude: 39.4472
  • Longitude: -105.473

    Address

  • Full Address: 121 Iris Dr
  • Address - House Number: 121
  • Address - Street Name: Iris
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Bailey
  • Carrier Code: R001
  • 4-Digit Zip Code: 2316
  • Zip Code: 80421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $195,578
  • Tax Rate Code Area: 0005

    Appraisal Valuation

  • Standard Deviation: 0.2203
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 529,263
  • High Value: 645,910
  • Low Value: 412,617

    Market Valuation

  • Market Total Value: $341,291
  • Market Land Value: $38,777
  • Market Improvement Value: $302,514

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,720
  • Assessed Land Value: $2,700
  • Assessed Improvements Value: $21,020

    Sales

  • Current Sale Contract Date: Jul 01, 2022
  • Current Sale Recording Date: Jul 05, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 794204
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Park


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Frequently Asked Questions

When was property at 121 Iris Drive built and last sold?
The property at 121 Iris Drive was built in 1985 and last sold on Jul 1, 2022 for $505,000.
How much is this home worth?
The estimated value of the home located at 121 Iris Drive is $0.
What are some comparable homes to 121 Iris Drive?
There are currently no comparable homes to 121 Iris Drive.