RARE 8.36 acre parcel with seven individual homes and one garage. Fantastic opportunity for an investor! Priced to sell, and being sold As-Is. Six of the seven homes are rented. No written leases are in place. Recently, some electrical panels have been updated and replaced.
Sold inner office
$460,000
59792 East Mesa Road, Olathe, CO 81425
14beds
1,330sqft
Multi Family
Built in 1889
-- sqft lot
$982,400 Zestimate®
$346/sqft
$1,237 Estimated rent
Home value
$982,400
$648,000 - $1.42M
$1,237/mo
Zestimate® history
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$1,237/mo
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$2,518/mo
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: October 26, 2023 at 10:05am
Listed by:
Valerie Meyers 970-209-1378,
Coldwell Banker Distinctive Properties
Bought with:
Makura Casias, FA100084477
Coldwell Banker Distinctive Properties
Source: CREN,MLS#: 803374
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 7
- Full bathrooms: 7
Primary bedroom
- Level: Main
Interior area
- Total structure area: 1,330
- Total interior livable area: 1,330 sqft
- Finished area above ground: 6,585
Property
Parking
- Total spaces: 35
- Parking features: Off Street, Detached Garage
- Garage spaces: 2
Features
- Levels: One and One Half,One
- Stories: 1
- Has view: Yes
- View description: Mountain(s)
- Frontage type: East Mesa
- Frontage length: 100'-150' Frontage
Lot
- Size: 8.36 Acres
- Dimensions: 617 x 590
- Features: Cleared
Details
- Parcel number: 372315100048
- Zoning description: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 1889
Utilities & green energy
- Sewer: Septic Tank
- Water: District Water
- Utilities for property: Metered for Electricity, Metered for Gas, Metered for Water
Community & neighborhood
Location
- Region: Olathe
- Subdivision: Other
HOA & financial
Other financial information
- Total actual rent: 3463
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/25/2023 | Sold | $460,000-7.8%$346/sqft |
Source:  CREN #803374 Report a problem | ||
| 9/8/2023 | Contingent | $499,000$375/sqft |
Source: CREN #803374 Report a problem | ||
| 8/9/2023 | Price change | $499,000-28.6%$375/sqft |
Source: CREN #803374 Report a problem | ||
| 7/31/2023 | Price change | $699,000-9.8%$526/sqft |
Source: CREN #803374 Report a problem | ||
| 5/31/2023 | Price change | $775,000-11.4%$583/sqft |
Source: CREN #803374 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,087 -1.3% | $78,940 -3.6% |
| 2023 | $5,155 +46.8% | $81,890 +51.7% |
| 2022 | $3,511 +20.1% | $53,970 -2.8% |
Find assessor info on the county website
Neighborhood: 81425
Nearby schools
GreatSchools rating
- 4/10Olathe Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Olathe High SchoolGrades: 6-12Distance: 0.5 mi
- NAOlathe Middle SchoolGrades: 6-8Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Olathe K-5
- Middle: Olathe 6-8
- High: Olathe 9-12
Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$982,400
2% more
+$19,648
With Zillow Showcase(estimated)
$1,002,048
- Colorado
- Montrose County
- Olathe
- 81425
- 59792 East Mesa Road