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Ponderosa Park 80107
883 County Road 154
$285,000
● Land - Off Market

883 County Road 154

Elizabeth, CO 80107
bedrooms
Studio
bathrooms
0 Bath
$1,848
Est. Monthly

About This Property

Come check out this 10 acre lot in Elizabeth -- ready for you to build your dream home on this stunning horse property.  No HOA, minimal covenants, rolling hills and stunning valley views!  This lot has beautiful pasture lands ready for grazing, and multiple building sites for your dream home as well as for a barn, arena and paddocks.  Close to Parker and Elizabeth, with easy access to DIA as well. Quiet Elbert County living, away from the hustle and bustle of the Denver suburbs.  The lot comes with water rights, and is ready for a well and septic system.  Natural gas is located at the lot line.  Electrical is through Core Electric.  Elizabeth School District.  Partially fenced.
Unit Size
-
Days on Market
-
Land Size
10.02 acres
Price per sqft
-
Property Type
Land
Property Taxes
$423
HOA Dues
-
Year Built
-

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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: 2 years ago (REcolorado MLS #5091545)

Price History

Date / Event Date Event Price
Nov 4, 2024 Sold
Premium
Sold
Oct 23, 2024 In contract -
In contract
Oct 18, 2024 Listed by Keller Williams Action Realty LLC $290,000
Listed by Keller Williams Action Realty LLC
Dec 6, 2023 Sold
Premium
Sold
Feb 22, 2023 Listed by Keller Williams Action Realty LLC $315,000
Listed by Keller Williams Action Realty LLC
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • 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: 436,471
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: GAMBEL HILLS
  • Land Acres: 0000010020
  • Standard Land Use Code: 8000
  • County Land Use Code: 0540
  • Legal Description 1: QUARTER: SE SECTION: 22 TOWNSHIP: 7 RANGE: 65SUBDIVISION: GAMBEL HILLS LOT: 4

Neighborhood

  • School District Name: Elizabeth School District C-1
  • Census Tract: 961207

Zoning

  • Zoning: AR

Geography

  • Account Number: R122357
  • Parcel: R122357
  • Lot: 4
  • Municipality: ELIZABETH
  • Latitude: 39.4199
  • Longitude: -104.65

    Address

  • Full Address: 883 County Road 154
  • Address - House Number: 883
  • Address - Street Name: County Road 154
  • State: CO
  • City Name: Elizabeth
  • Zip Code: 80107

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $507,912
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 2

    Market Valuation

  • Market Total Value: $240,480
  • Market Land Value: $240,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,090
  • Assessed Land Value: $67,090

    Sales

  • Current Sale Contract Date: Dec 01, 2023
  • Current Sale Recording Date: Dec 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 631054
  • Previous Sale Recording Date: Sep 21, 2020
  • Previous Sale Contract Date: Sep 17, 2020
  • Previous Sale Amount: $205,000
  • 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 Ponderosa Park

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$287

Below Asking

0.03%

Average Days on Market

64

Average Home Size

3467 ft²

Average Home Age

31 years

Currently For Sale

24 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: The Thayer Group, Keller Williams Action Realty LLC
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 5091545
© 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 883 County Road 154 built and last sold?
The property at 883 County Road 154 was built in and last sold on Dec 1, 2023 for $275,000.
How much is this home worth?
The estimated value of the home located at 883 County Road 154 is $0.
What are some comparable homes to 883 County Road 154?
There are currently no comparable homes to 883 County Road 154.
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