Sold for $550,000

$550,000

18620 Oil Well Rd, Ramah, CO 80832

2beds

988sqft

Single Family Residence

Built in 1924

35 Acres Lot

$530,000 Zestimate^®

$557/sqft

$1,683 Estimated rent

Home value

$530,000

$504,000 - $562,000

$1,683/mo

Zestimate^® history

Owner options

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$1,683/mo

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$1,683/mo

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$3,214/mo

Est. payment

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$3,214/mo

Est. payment

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What's special

Deal of the Century! All this at this price? What a buy! Only chance at a property like this! Totally remodeled farm house with top end finishes. All new everything! Covered deck to enjoy the views morning, noon or night. Quonset building approximately 48X80 with 14ft door, all new concrete with apron, new electric with led lighting. Garage with concrete floor and stove. Brand new garage with concrete. Rustic barn with stalls, tack room and 2nd story apartment about halfway completed. 20X80 Lien-to for animals. Plus additional feed barn with bunks and large hay barn. Many pens and corrals. Perfect set up for all animals including horses. Two wells on the property. Definitely an opportunity you don't want to miss. This property is listed as 35 acres but seller will sell up to 320 acres for additional cost per acre. Only a few miles off Hwy 24.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Basement

Area: 228

Heating

Forced Air, Propane

Cooling

Ceiling Fan(s)

Appliances

Included: Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, Self Cleaning Oven, Washer
Laundry: Main Level

Features

Pantry
Flooring: Carpet, Tile, Wood Laminate
Basement: Partial,Finished

Interior area

Total structure area: 988
Total interior livable area: 988 sqft
Finished area above ground: 760
Finished area below ground: 228

Property

Parking

Total spaces: 20
Parking features: Detached, Tandem, Drive Through, Even with Main Level, Garage Door Opener, Heated Garage, Oversized, RV Garage, Workshop in Garage, Gravel Driveway, RV Access/Parking
Garage spaces: 20

Features

Patio & porch: Covered, Wood Deck
Fencing: Full
Has view: Yes
View description: Panoramic, Mountain(s), View of Pikes Peak

Lot

Size: 35 Acres
Features: Backs to Open Space, Hillside, Level, Meadow, Rural, Near Schools, Horses (Zoned), Horses(Zoned for 2 or more)

Details

Additional structures: Barn(s), Loafing Shed, Workshop, Stable(s), Storage, Other
Parcel number: 0100000161

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Stucco, Framed on Lot
Foundation: Slab
Roof: Metal

Condition

Existing Home
New construction: No
Year built: 1924

Details

Warranty included: Yes

Utilities & green energy

Electric: 220 Volts in Garage
Water: Water Rights, Well
Utilities for property: Propane

Community & HOA

Location

Region: Ramah

Financial & listing details

Price per square foot: $557/sqft
Tax assessed value: $36,741
Annual tax amount: $741
Date on market: 5/10/2025
Listing terms: Cash,Conventional,FHA,VA Loan

Price history

Date	Event	Price
8/14/2025	Listing removed	$2,495$3/sqft
Source: Zillow Rentals Report a problem
7/21/2025	Listed for rent	$2,495$3/sqft
Source: Zillow Rentals Report a problem
5/9/2025	Sold	$550,000+0.2%$557/sqft
Source: elevateMLS #6266430 Report a problem
4/11/2025	Pending sale	$549,000$556/sqft
Source: REcolorado as distributed by MLS GRID #5444120 Report a problem
3/31/2025	Listed for sale	$549,000+75.1%$556/sqft
Source: elevateMLS #6266430 Report a problem
3/24/2025	Sold	$313,500-45.5%$317/sqft
Source: Public Record Report a problem
3/5/2025	Price change	$575,000-4%$582/sqft
Source: elevateMLS #6266430 Report a problem
2/17/2025	Price change	$599,000-4.2%$606/sqft
Source: elevateMLS #6266430 Report a problem
1/30/2025	Price change	$625,000-1.6%$633/sqft
Source: REcolorado as distributed by MLS GRID #5444120 Report a problem
12/19/2024	Price change	$635,000-18.1%$643/sqft
Source: REcolorado as distributed by MLS GRID #5444120 Report a problem
9/13/2024	Pending sale	$775,000$784/sqft
Source: REcolorado as distributed by MLS GRID #8470065 Report a problem
8/19/2024	Listed for sale	$775,000$784/sqft
Source: REcolorado as distributed by MLS GRID #8470065 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,483 +80.3%	$9,590
2023	$823 -7.9%	$9,590 -43.1%
2022	$893	$16,850 -6.1%
2021	--	$17,940 +9.3%
2020	$860 -4.4%	$16,420
2019	$899 +4.9%	$16,420 +12%
2018	$858	$14,660
2017	--	$14,660 -0.5%
2016	--	$14,730
2015	--	$14,730 +3.5%
2014	--	$14,230
2013	--	--
2012	--	$15,290
2011	$797	$15,290 -13.2%
2010	--	$17,610 +124%
2009	--	$7,860 -31.3%
2008	--	$11,440
2006	--	$11,440 +36.5%
2004	--	$8,380
2003	$846 +1.7%	$8,380 -6.2%
2002	$832 +8.1%	$8,930 +45.4%
2001	$770	$6,140