97240 E 96th Avenue Elizabeth, CO ^$ 1,625,000

97240 E 96th Avenue

^$ 1,625,000

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97240 E 96th Avenue

Elizabeth, CO, 80107

^$ 1,625,000

Studio Baths0.0

Monthly Estimate*

^$ 11,351

Listed by Colorado Land Realty

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Studio

Lots and Land for sale in Elizabeth, CO

for $1,625,000. The lot size is 1920.

ACREAGE: 1,920 +/- Total Acres (per Adams County Assessor) there is no current survey of the Property. 1,413.10 acres is enrolled into the Conservation Reserve Program (CRP), 295 +/- acres is fenced for pasture and 212 +/- acres in the creek bottom is cut for hay.. IMPROVEMENTS: 40’ x 70’ round top quonset with cement floor. 2-10,000 bushel grain bins with cement cones. CRP INCOME: Property is enrolled in the Conservation Reserve Program expiring 9/30/2030. Owner is receiving $20,306.00 annual cash rent however it could be withdrawn for farming or grazing by paying a penalty of approximately $26,000.00. PASTURE RENT: Owner has historically leased the 295 acres grass and 212 acres creek bottom for approx. $4,000 per year depending on rainfall however it is not leased this year due to the extreme drought conditions. WIND INCOME: The Property is leased to NextEra Energy for a period of 8 years for the potential of commercial wind towers at an annual lease payment year 1-5 is $3.00/acre or $5,760 and years 6-8 is $5.00/acre or $9,600.00 per year. If developed, potentially one tower per 160+/- acres paying $15,000 per year. Development of the project would allow for the CRP program, farming or grazing to continue. WATER: Stock well 289177 located in the NW1/4 SW1/4 of Section 22 drilled in August of 2014 is 40 feet deep and producing good stock water. Additional wells would run about $15,000 per well. MINERALS: Property includes minerals if full price offer, otherwise minerals are negotiable. TAXES: 2021 taxes are $4,738 or $2.47 per acre. NOTE: The information contained herein is reliable but not guaranteed by Seller or Broker. This offer is Subject to error, prior sale or withdrawal. Broker is a Transaction (neutral) Broker.

Lots and Land Pending

Price

^$ 1,625,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 4,738

Style

Lot Size

1920

Town/City

Elizabeth

County/Region

Elbert

MLS | Web ID

4296525

Features

General

Sewer Septic Tank

Possession Closing/DOD

Zoning A3 Agricultural

Garage Spaces 0

Exclusions None

Property SubType Improved Land

Tax Year 2021

Current Use Agricultural Livestock

Percent Ownership Corporation/Trust

County Adams

Property Type Land

HOA / Comm Assn N

Attached Garage N

Contingency None Known

Subdivision Name None

Possible Use Agricultural Hunting Livestock

Status Pending

Directions ADDRESS: 97240 E 96th Avenue Fort Margan CO 80701. From Shamrock CO go 1 mile S on Shamrock Mile Rd and 1 & 1/2 mile West to entrance (tire on post and Colorado Land Realty sign). LOCATION:

City Fort Morgan

Buyer Agent Compensation 2.5

High School District Woodlin R-104

Lot Size Square Feet 83635200

Carport Spaces 0

Street Name E 96th Avenue

Listing Terms 1031 Exchange Cash Conventional Owner Will Carry USDA Loan

Tax Annual Amount 4738

Standard Status Pending

Middle/Junior School District Woodlin R-104

Elementary School District Woodlin R-104

Buyer Agent Compensation Type %

Exterior

Water Source Well

Total Parking 0

Lot Size Area 1920

Lot Size Acres 1920

Lot Size Units Acres

Pasture Area 1920

Internal Only

Street Number 1 97240

* Excluded Features

List By

Colorado Land Realty

Broker

(303) 748-7028

Phone

Affordability Calculator

$11,746

Per Month

Monthly Principal & Interest: $11,351
Monthly Property Taxes: $395
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Elizabeth, CO

Average List Price ^$1,156,498

Percent of Sale Price 29%

About Elizabeth, CO

1,355 Population

18% Since 2002

^$84,245 Median Income

44.89 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3872239 Elementary School

3872238 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/29/2023	$1,625,000	-6.61%	Price Down
7/30/2022	$1,740,000		Listed Price

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97240 E 96th Avenue, Elizabeth, CO, 80107 is a Lots and Land for sale at $1,625,000 with a lot size of 1920. 97240 E 96th Avenue is a studio with 0.0 baths. The property's zip code is 80107 which is in Elizabeth, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is 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.

Data is updated as of 5/6/2024.

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97240 E 96th Avenue

Lots and Land for sale in Elizabeth, CO

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