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490 I St, Penrose, CO, 81240

$654,000

Home List Price

$7,766*

Closing Credit

4 Bedrooms
1 Full Bath
1,489 SqFt
$439/SqFt
House

Location

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490 I St, Penrose$654,000

Buyer Closing Credits

$7,766*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAvailable
Year Built1910
HeatingBaseboard, Passive Solar, Radiant, Other
CoolingCeiling Fan(s), Evaporative Cooling
BasementYes
WaterfrontSee Remarks
ViewRural, See Remarks
MLS #2423328
Lot Size10.00 Acres
StatusActive

About 490 I St

Charming Dual-Property on 10 Acres of Untouched Alfalfa Fields – Ready for Your Vision! Nestled on 10 sprawling acres of alfalfa/hay fields that have laid untouched for the last four years, this one-of-a-kind property is a rare find. The fields are prepped and ready for new crops, offering endless agricultural opportunities. The first home is a charming 4-bedroom, 1-bath Ranch-style house featuring a unique combination of traditional design and modern efficiency. Equipped with a fully paid-off solar panel system, directly connected to the home's heating, this house operates efficiently with a boiler system that ensures warmth even in the colder months. In addition to the main house, the property includes a 3-bedroom, 2-bath manufactured home, perfect for multi-generational living or as an income-producing rental. This home boasts a well house with a brand-new pump, septic system, and water rights, making it fully self-sustained. Adding to its historical charm, the property is home to one of the oldest standing barns in Penrose, a testament to the region's rich history and agricultural legacy. Whether you're looking to cultivate the land, embrace off-grid living, or invest in a unique piece of history, this property offers endless possibilities. Don’t miss your chance to own a versatile, self-sufficient haven in the heart of Penrose.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 1,489 SqFt

Listing Office:

  • Office Name: Venterra Real Estate LLC
  • Office Phone: (719) 368-7639
  • Listing Agent: Haley Levick

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: See Remarks
  • View: Rural, See Remarks
  • Exterior: Barn(s), Other, See Remarks

Parking Information:

  • Parking: Available

Lot Features

Lot Information:

  • Lot: Rural Area, See Remarks
  • Lot Size: 10.00 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Passive Solar, Radiant, Other
  • Cooling: Ceiling Fan(s), Evaporative Cooling

School Info

Assigned Schools Information:

  • Fremont High School, Public District Grades 9-12
  • Penrose Elementary School, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $654,000
  • Price Per SqFt: $439/SqFt

Tax Information:

  • Annual Amount: $904
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Penrose, CO.

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Penrose, CO

City

Med. Sold Price

$455K

Med. Price/SqFt

$206

Avg. Days On Market

24

# of Sold Homes

3

490 I St vs Penrose

37 DAYS ON ROCKET

+13 Days

$654,000

+$199K More

$439/SqFt

+$232 More

KEY TAKEAWAY

This property is $199K more than the Median Sold Price and $232/SqFt more than other homes in Penrose, CO.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #2423328

Listing Office:

  • Office Name: Venterra Real Estate LLC
  • Office Phone: (719) 368-7639
  • Listing Agent: Haley Levick

IDX The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Copyright © 2024 Pikes Peak Association of REALTORS® and PIKES PEAK REALTOR® Services Corp. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/4/2024, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$904$21,856
2019$907$21,856
2018$481$15,020
2017$490$15,020

History based on county public records data.

Payment Calculator

$3,332

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,027

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1664135
4
/10

  • Penrose Elementary School

  • 100 Illinois St

  • 1.40 miles

  • Public District Grades KG-5

High School

school-card-donut-1664136
3
/10

  • Fremont High School

  • 2006 State Hwy 67

  • 7.25 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,017. The majority of Penrose, CO residents have income less than $35k annually. The most common type of family is married, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 490 I St

What is the listing price of this property?

The listing price of 490 I St property is $654,000.

What type of property is this?

The property 490 I St is a house located in Penrose, Colorado, 81240.

Is this property for sale now?

Active Listing: 490 I St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 490 I St are:
Penrose Elementary School: GreatSchools Rating 4/10
Fremont High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $904 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 490 I St has 4 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 490 I St is 1,489 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 490 I St is 1910.

Rocket Homes›Colorado›Fremont County›Penrose›81240›490 I St

This home is located at 490 I St in Penrose, CO and zip code 81240. This 1,489 square foot home, which was built in 1910, sits on a 10.00 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 28, 2024 and is currently priced at $654,000.

Penrose, CO housing market in October 2024 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 1 sold below. In October 2024 in Penrose, CO there were 13.6% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $455,000, while the average time on the real estate market was 24 days.

From Rocket Homes Real Estate and based on county public records data.

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