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Park
1448 S Ridge Rd
$330,000
● House - Off Market

1448 S Ridge Rd

Bailey, CO 80421
bedrooms
Studio
bathrooms
0 Bath
square feet
340 Ft²
$380,287
RealtyHop Estimate
5.93%
Since Dec 1, 2021
CO-Denver
Primary Model

About This Property

This one has it all.  Live your foothills dream on this private 11.45 acre parcel with amazing mountain views, multiple flat building sites, and an old homestead cabin.  The driveway has been graded.  Electricity is in.  The well is drilled.  And, the septic has been designed.  This lot is ready for you to build your dream home or fix up the existing cabin.  Less than 10 minutes from 285 on a county-maintained, dead-end road, this location is perfect for your mountain getaway.  The mobile home currently on the property is negotiable as well.  Don't miss this amazing opportunity to own a piece of the Colorado foothills.

PLEASE NOTE that the cabin and mobile home on the property are not connected to the well and there is no septic or sewer on the property.  Cabin is being sold strictly AS IS.
Unit Size
340 Ft²
Days on Market
-
Land Size
11.45 acres
Price per sqft
$1,056
Property Type
House
Property Taxes
$234
HOA Dues
-
Year Built
1992

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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 days ago (REcolorado MLS #IRE6944081)

Price History

Date / Event Date Event Price
Jul 11, 2023 Sold
Premium
Sold
Apr 6, 2023 Listed $355,000
Listed
Nov 8, 2021 Sold
Premium
Sold
May 27, 2021 Listed $359,000
Listed
Jan 30, 2017 Sold
Premium
Sold
Show More

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 0
  • Building Condition: 5
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 498,762
  • Total Building Area: 340
  • Building Area: 340
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 340
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: BAILEY MOUNTAIN
  • Land Acres: 0000011450
  • Standard Land Use Code: 8001
  • County Land Use Code: 0100
  • Legal Description 1: T07 R72 S27 NW4 BAILEY MOUNTAIN LOT 05

Neighborhood

  • School District Name: Platte Canyon School District 1
  • Census Tract: 000200

Geography

  • Account Number: 30455
  • Parcel: R0030455
  • Lot: 5
  • Latitude: 39.4074
  • Longitude: -105.447

    Address

  • Full Address: 1448 S Ridge Rd
  • Address - House Number: 1448
  • Street Direction: S
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Bailey
  • Carrier Code: R003
  • 4-Digit Zip Code: 1892
  • Zip Code: 80421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $636,716
  • Tax Rate Code Area: 0005

    Appraisal Valuation

  • Standard Deviation: 0.201
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 298,889
  • High Value: 358,995
  • Low Value: 238,782

    Market Valuation

  • Market Total Value: $172,163
  • Market Land Value: $151,626
  • Market Improvement Value: $20,537

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,928
  • Assessed Land Value: $43,972
  • Assessed Improvements Value: $5,956

    Sales

  • Current Sale Contract Date: Jul 10, 2023
  • Current Sale Recording Date: Jul 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 802881
  • Previous Sale Recording Date: Nov 08, 2021
  • Previous Sale Contract Date: Nov 05, 2021
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: 68
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:

$580,000

Sale Price/ft²

$329

Below Asking

0.03%

Average Days on Market

73

Average Home Size

1892 ft²

Average Home Age

32 years

Currently For Sale

539 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: Colorado Foothills Team,
Last Updated: 2 days ago
Data Source: REcolorado MLS, MLS# IRE6944081
© 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 1448 South Ridge Road built and last sold?
The property at 1448 South Ridge Road was built in 1992 and last sold on Jul 10, 2023 for $315,000.
How much is this home worth?
The estimated value of the home located at 1448 South Ridge Road is $358,550.
What are some comparable homes to 1448 South Ridge Road?
There are currently no comparable homes to 1448 South Ridge Road.
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