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Chaffee
16695 County Road 162
$995,000
↓ $55K (5.2%)
● House - For Sale

16695 County Road 162

Nathrop, CO 81236
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
3,140 Ft²
$5,146
Est. Monthly

About This Property

Cliffside - A Mountain Retreat Above Chalk Creek Valley. Perched above the Chalk Creek Valley beneath the dramatic Chalk Cliffs, Cliffside is a one-of-a-kind retreat designed in the spirit of Frank Lloyd Wright, with intentional spaces that feel both functional and inviting. This three-level home offers 3 bedrooms, 3.5 baths, and three fireplaces, thoughtfully updated through two major remodels (2005 and 2017) plus ongoing improvements into 2026 - including a new roof, main-level windows, and HVAC compressor. The standout primary suite (2017) features a spectacular bath, walk-in closet, private stairway, and covered rear porch, with a wrought-iron balcony railing added in 2026. Expansive all-new windows and sliding doors, plus a large west-facing deck (2017, engineered wood), capture unforgettable Colorado sunsets and flood the home with light. Currently operated as a short-term rental with strong income history, it offers excellent flexibility for an owner-user and/or investor. Mechanical systems have been proactively maintained - replaced water heaters, furnace, gas line resealing, and septic servicing - and a whole-house central vacuum adds everyday convenience. A detached ADU above the garage, remodeled in 2021 with a larger kitchen and new wood flooring (plus new roof and water heater in 2026), offers 2 bedrooms and 1.5 baths - ideal as a long-term rental, guest quarters, or private lock-off space. The oversized garage with two doors provides ample room for vehicles, storage, and all your Colorado toys, with parking for up to four vehicles. Enjoy an unbeatable location just down the road from Mount Princeton Hot Springs, with easy access to St. Elmo, the Colorado Trail, and the dining and shopping of Salida and Buena Vista (approx. 15-20 minutes).
Unit Size
3,140 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$317
Property Type
House
Property Taxes
$260
HOA Dues
-
Year Built
1972

Listed By

Brett Rankin
Pinon Real Estate Group LLC

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Last updated: 3 months ago (REcolorado MLS #IRE5457773)

Price History

Date / Event Date Event Price
Aug 3, 2026 Price Decreased $995,000
↓ $55K (5.2%)
Price Decreased
Jul 22, 2026 Price Decreased $1,050,000
↓ $45K (4.1%)
Price Decreased
May 4, 2026 Relisted $1,095,000
Relisted
Apr 18, 2026 Delisted -
Delisted
Mar 20, 2026 In contract -
In contract
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Property Highlights

Garage
Fireplace
With View
Parking Details
Has Garage
Parking Features: Attached
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 4
Interior Features: Kitchen Island, Central Vacuum
Has Fireplace
Fireplace Features: Living Room, Basement, Two or More
Basement: Partially Finished, Walk-Out Access
Exterior Details
Square Footage: 3140
Square Footage Source: $0
Architectural Style: Chalet
Year Built: 1972
Levels: Tri-Level
Construction Materials: Frame
Patio and Porch Features: Patio, Deck
Lot Features: Wooded
Lot Size Area: 43560
Lot Size Units: Square Feet
Lot Size Acres: 1
Lot Size Square Feet: 43560
Water Source: Well
Financial Details
Tax Annual Amount: $3,114
Utilities Details
Heating Type: Forced Air
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 2017
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 12
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,998
  • Garage Type: 1
  • Garage Square Area: 703
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,474
  • Building Area: 2,474
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,474
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRINCETON SHADOWS
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • Legal Description 1: LOT 8 PRINCETON SHADOWS ESTATES SUB REC 319526 323396

Neighborhood

  • School District Name: Buena Vista School District R-31
  • Census Tract: 000300

Geography

  • District: CH
  • Parcel: R342324300095
  • Lot: 8
  • Meridian: SEC 24 TWN 15S RNG 79W
  • Latitude: 38.7257
  • Longitude: -106.177

    Address

  • Full Address: 16695 County Road 162
  • Address - House Number: 16695
  • Address - Street Name: County Road 162
  • State: CO
  • City Name: Nathrop
  • Carrier Code: H062
  • 4-Digit Zip Code: 7720
  • Zip Code: 81236

Valuation

    Tax

  • Total Area: 2,338
  • Tax Year: 2022
  • Tax Amount: $220,261
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.1778
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 77
  • Final Value: 1,017,360
  • High Value: 1,198,277
  • Low Value: 836,443

    Market Valuation

  • Market Total Value: $602,167
  • Market Land Value: $80,000
  • Market Improvement Value: $522,167

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,850
  • Assessed Land Value: $5,560
  • Assessed Improvements Value: $36,290

    Sales

  • Current Sale Contract Date: Jul 30, 2001
  • Current Sale Recording Date: Jul 30, 2001
  • Current Sale Price:
  • Current Sale Document Type: 27
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 Chaffee


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Frequently Asked Questions

When was property at 16695 County Rd 162 built and last sold?
The property at 16695 County Rd 162 was built in 1972 and last sold on Jul 30, 2001 for $200,000.
How much is this home worth?
The estimated value of the home located at 16695 County Rd 162 is $1,024,237.
What are some comparable homes to 16695 County Rd 162?
There are currently no comparable homes to 16695 County Rd 162.