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Summit 80435
525 Morgan Gulch Rd
$950,000
● House - Off Market

525 Morgan Gulch Rd

Montezuma, CO 80435
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,713 Ft²
$1,053,190
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Backcountry, Off-Grid living, at its finest! Year round, secluded & private. Your 29 acres offers some of the best private world class backcountry skiing, snowmobiing, X-Country skiing, hiking, biking & hunting! Radon mitigation system in place, new water filtration system, new solar array, New solar batteries & doubled the battery bank from 8 to 16 batteries. Added a 2nd propane tank (2000 gal total) New hot tub deck, new wood fired hot tub with propane hook-ups in place. Starlink Internet.
Unit Size
1,713 Ft²
Days on Market
-
Land Size
29.77 acres
Price per sqft
$583
Property Type
House
Property Taxes
$210
HOA Dues
-
Year Built
2008

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 11 months ago (REcolorado MLS #2720346)

Price History

Date / Event Date Event Price
Oct 12, 2022 Sold
Premium
Sold
Jul 18, 2022 Listed by Berkshire Hathaway HomeServices Colorado Real Estate, LLC $998,000
Listed by Berkshire Hathaway HomeServices Colorado Real Estate, LLC
Feb 3, 2020 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 22

    Dimensions

  • Lot Size Square Feet: 1,296,781
  • Total Building Area: 1,713
  • Building Area: 1,713
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 1,713
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METES & BOUNDS (ALL)
  • Land Acres: 0000029770
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: TR 5-76 SEC 25 QTR 3 MINING CLAIM(S) CONT 29.7699 ACRES OLD SETTLER MS# 5661 ACRES 5.0900 MORGAN & ARAPAHOE MS# 15980 ACRES

Neighborhood

  • School District Name: Summit School District RE-1
  • Census Tract: 000203

Zoning

  • Zoning: CBC

Geography

  • Parcel: 6514389
  • Block: 576
  • Lot: 25
  • Municipality: COUNTY
  • Latitude: 39.584
  • Longitude: -105.861

    Address

  • Full Address: 525 Morgan Gulch
  • Address - House Number: 525
  • Address - Street Name: Morgan Gulch
  • State: CO
  • City Name: Dillon
  • Zip Code: 80435

Valuation

    Tax

  • Total Area: 1,713
  • Tax Year: 2023
  • Tax Amount: $465,774
  • Tax Rate Code Area: 64

    Appraisal Valuation

  • Standard Deviation: 0.1638
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 1,092,651
  • High Value: 1,271,676
  • Low Value: 913,626

    Market Valuation

  • Market Total Value: $629,600
  • Market Land Value: $312,000
  • Market Improvement Value: $317,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,757

    Sales

  • Current Sale Contract Date: Oct 12, 2022
  • Current Sale Recording Date: Oct 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1299019
  • Previous Sale Recording Date: Feb 03, 2020
  • Previous Sale Contract Date: Jan 29, 2020
  • Previous Sale Amount: $620,000
  • 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 Summit

Stats & Trends

Median Asking:

$950,000

Sale Price/ft²

$757

Below Asking

0.03%

Average Days on Market

71

Average Home Size

2127 ft²

Average Home Age

31.9 years

Currently For Sale

547 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: Cindy Nelson, Berkshire Hathaway HomeServices Colorado Real Estate, LLC
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 2720346
© 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 525 Morgan Gulch Road built and last sold?
The property at 525 Morgan Gulch Road was built in 2008 and last sold on Oct 12, 2022 for $950,000.
How much is this home worth?
The estimated value of the home located at 525 Morgan Gulch Road is $0.
What are some comparable homes to 525 Morgan Gulch Road?
There are currently no comparable homes to 525 Morgan Gulch Road.
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