9465 State Highway 291
About This Property
The single level home features 1,428 square feet with three bedrooms and two updated bathrooms. The open floor plan connects the spacious living room, dining area, and kitchen, creating an inviting space for everyday living and entertaining. A new pellet stove adds warmth and character, while the kitchen offers abundant cabinetry, an eating bar, built in desk, an oversized pantry, new dishwasher, and new washer and dryer. Both bathrooms have been tastefully remodeled, and the primary suite includes its own private three quarter bath. Additional recent improvements include a four year old roof, new hot water heater, and new windows in two bedrooms and both bathrooms.
Step outside to the expansive composite deck or patio to enjoy mountain views and Colorado evenings. The outdoor improvements truly set this property apart. A powered log workshop with concrete and wood floors provides an ideal space for woodworking, hobbies, or projects. The property also includes a Growing Spaces geodesic greenhouse, two storage sheds, a fenced chicken coop, productive garden areas, mature landscaping, and a spacious lawn with room to relax or garden. The plumbing has been professionally scoped, and new risers have been installed on the septic lids for easier access and maintenance.
Located within Chaffee County's Mixed Use Rural (MUR) zoning district, the property offers flexibility that is increasingly difficult to find. Whether you're looking for a full time residence, a hobby farm, a property with workspace, or opportunities allowed under the MUR zoning, this property is ready for its next chapter.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2026 | Listed | $680,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017