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Elbert 80117
39550 Olson Dr
$600,000
● House - Off Market

39550 Olson Dr

Kiowa, CO 80117
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,304 Ft²
$594,998
RealtyHop Estimate
8.20%
Since Sep 1, 2021
CO-Denver
Primary Model

About This Property

VIEWS, VIEWS, VIEWS!!!  Enjoy amazing Pikes Peak views from the covered front porch, as you enter this adorable country home!  It features 2 Master Bedrooms - each with an en-suite bathroom and large walk-in closet!  The garage has a second floor option to add more square footage, if needed.   There is a huge walk-in pantry/laundry room just off the kitchen. Several Barn Doors are used throughout the home to give it that popular Farmhouse feel inside and out. Home is wired for Direct TV and high speed internet and provides easy access on the paved Kiowa Bennett Road. Fenced and cross fenced into 4 pastures for grazing 9 months out of the year.  The large 60x40 barn has water and electricity (water sprinkler in the ceiling to keep dust down while riding) for all equestrian and livestock needs.
Unit Size
1,304 Ft²
Days on Market
-
Land Size
40.00 acres
Price per sqft
$422
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
2004

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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 #5876031)

Price History

Date / Event Date Event Price
Aug 9, 2021 Sold
Premium
Sold
Jul 8, 2021 Listed by RE/MAX ACCORD $549,900
Listed by RE/MAX ACCORD
Jun 27, 2016 Sold
Premium
Sold
Jan 20, 2004 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 26
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 882
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,742,400
  • Total Building Area: 1,302
  • Gross Building Area: 1,302
  • Building Area: 1,302
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 1,302
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KIOWA COUNTRY RANCH
  • Land Acres: 0000040000
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: SECTION: 16 TOWNSHIP: 7 RANGE: 63SUBDIVISION: KIOWA COUNTRY RANCH LOT: 20

Neighborhood

  • School District Name: Kiowa School District C-2
  • Census Tract: 961205

Zoning

  • Zoning: A

Geography

  • Account Number: R105293
  • Subdivision Tract Number: 20
  • Parcel: R105293
  • Lot: 20
  • Municipality: KIOWA
  • Latitude: 39.4403
  • Longitude: -104.449

    Address

  • Full Address: 39550 Olson Dr
  • Address - House Number: 39550
  • Address - Street Name: Olson
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Kiowa
  • Carrier Code: H067
  • 4-Digit Zip Code: 9607
  • Zip Code: 80117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $207,820
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.181
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 713,947
  • High Value: 843,184
  • Low Value: 584,710

    Market Valuation

  • Market Total Value: $526,882
  • Market Land Value: $162,986
  • Market Improvement Value: $363,896

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,300
  • Assessed Land Value: $10,920
  • Assessed Improvements Value: $24,380

    Sales

  • Current Sale Contract Date: Aug 03, 2021
  • Current Sale Recording Date: Aug 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 610858
  • Previous Sale Recording Date: Jun 27, 2016
  • Previous Sale Contract Date: Jun 23, 2016
  • Previous Sale Amount: $400,000
  • 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 Elbert

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$280

Below Asking

0.02%

Average Days on Market

67

Average Home Size

2775 ft²

Average Home Age

21.8 years

Currently For Sale

347 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: Meredith Johnson, RE/MAX ACCORD
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 5876031
© 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 39550 Olson Drive built and last sold?
The property at 39550 Olson Drive was built in 2004 and last sold on Aug 3, 2021 for $600,000.
How much is this home worth?
The estimated value of the home located at 39550 Olson Drive is $0.
What are some comparable homes to 39550 Olson Drive?
There are currently no comparable homes to 39550 Olson Drive.
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