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Park
470 Homestead Rd
$495,000
● House - Off Market

470 Homestead Rd

Bailey, CO 80421
bedrooms
5 Beds
bathrooms
1 Bath
square feet
2,545 Ft²
$2,567
Est. Monthly
$2
HOA / Fees

About This Property

An incredible opportunity in the foothills - the largest home on the entire 285 Corridor at this price point. Recently appraised over list price, pre-inspected, and offered as-is, this 5-bed, 2-bath, 2,545 sq. ft. property is ready for its next chapter. Back on the Market at no fault of home or Sellers, both Buyers failed to get their contingent homes sold. Built SOLID with great bones, this home provides endless potential for equity growth, with after-update values easily supporting $700,000+. Recent improvements include a brand-new 1,000-gallon septic system and a freshly cleared lot, move-in and put the finishing touches on over time. Set on a usable 1-acre parcel with a double circle driveway and backing to 40 private acres, the property offers both space and privacy. Inside, the upper level features a generous living area, two bedrooms, and a primary suite, while the lower level offers a second living space, two additional bedrooms/flex rooms, and roughed-in plumbing for a third bath. Located in Burland Ranchettes, you'll enjoy exclusive access to Weakland-Fawks Park and proximity to Mount Bailey trails - a lifestyle filled with outdoor adventure right at your doorstep.

This is the best value in the foothills - a rare chance to secure square footage, land, and location at an unbeatable price!
Unit Size
2,545 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$196
Property Type
House
Property Taxes
$109
HOA Dues
$2
Year Built
1976

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Last updated: 3 months ago (REcolorado MLS #IRE6607481)

Price History

Date / Event Date Event Price
Oct 10, 2025 Sold
Sold
Sep 11, 2025 In contract -
In contract
Aug 30, 2025 Price Decreased $500,000
↓ $16K (3.1%)
Price Decreased
Aug 12, 2025 Price Decreased $516,000
↓ $4K (0.8%)
Price Decreased
Aug 11, 2025 Relisted $519,900
Relisted
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Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,186
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0
  • Location Influence Type: 7

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,359
  • Building Area: 1,359
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,359
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BURLAND RCH UNIT 23
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • Legal Description 1: T07 R72 S21 NE4 BURLAND RANCHETTES UNIT 23 LOT 11

Neighborhood

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

Geography

  • Account Number: 15824
  • Parcel: R0015824
  • Lot: 11
  • Latitude: 39.4262
  • Longitude: -105.449

    Address

  • Full Address: 470 Homestead Rd
  • Address - House Number: 470
  • Address - Street Name: Homestead
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Bailey
  • Carrier Code: R002
  • 4-Digit Zip Code: 1821
  • Zip Code: 80421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $128,658
  • Tax Rate Code Area: 0005

    Appraisal Valuation

  • Standard Deviation: 0.2208
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 464,376
  • High Value: 566,933
  • Low Value: 361,818

    Market Valuation

  • Market Total Value: $232,310
  • Market Land Value: $42,951
  • Market Improvement Value: $189,359

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,150
  • Assessed Land Value: $2,990
  • Assessed Improvements Value: $13,160

    Sales

  • Current Sale Contract Date: Dec 14, 2012
  • Current Sale Recording Date: Jan 30, 2013
  • Current Sale Price:
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 695703
  • Previous Sale Recording Date: Aug 13, 2012
  • Previous Sale Contract Date: Aug 08, 2012
  • Previous Sale Amount: $183,000
  • Previous Sale Document Type: 68
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

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Frequently Asked Questions

When was property at 470 Homestead Road built and last sold?
The property at 470 Homestead Road was built in 1976 and last sold on Dec 14, 2012 for $165,000.
How much is this home worth?
The estimated value of the home located at 470 Homestead Road is $505,000.
What are some comparable homes to 470 Homestead Road?
There are currently no comparable homes to 470 Homestead Road.