988 P Street Penrose, CO ^$ 770,000

988 P Street

^$ 770,000

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988 P Street

Penrose, CO, 81240

^$ 770,000

Bedrooms4 Baths2.1 Sq 4,633

Monthly Estimate*

^$ 4,804

Listed by HomeSmart Preferred Realty

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Single Family Home for sale in Penrose, CO

for $770,000 with 4 bedrooms and 2 full baths, 1 half bath. This 4,633 square foot home was built in 2003 on a lot size of 10.

Welcome home to your custom built ICF adobe style home sitting on 10 acres. Whether you’re looking for room to spread out or a multigenerational setup this home is for you and it was built with everything in mind. In floor heat throughout the entire structure. You can use either the indoor boiler that runs on propane or the exterior wood burning boiler. The booming ceilings in the main part of the home are cladded in aspen wood and the trim and doors are knotty alder pine. Because of the ICF construction the rest of the home has 9 foot ceilings. There are 4 bedrooms, 3 bathrooms, with 3 additional flex spaces. 2 of the flex spaces are currently used as home offices and the third is the unfinished room in the basement . One of the main level flex spaces has its own exterior entrance. The oversized septic can accommodate additional bedrooms if needed. The giant crawl space is fully finished out for extra storage. Your new homes kitchen has a new 46” range, plenty of cabinet space, large center island, and mountain views. Moving outside your home has gone past the standard flat roof and has a metal roof. The barn has water close by and power along with a partial cement floor that can be used as a workshop. The coral has been freshly painted. There is also a chicken coop neighboring the barn. Next to the home is an oversized 3 car garage. Garage floor is setup for in floor heat as well but is not hooked up to a boiler currently. But wait, that’s not all, there is also a RV station, 4 shares of beaver creek ditch to irrigate the just over 3 acre pasture, and mountain views around. This property has too many features to list and is a must see. Schedule your showing today, and call it home tomorrow.

Single Family Active

Price

^$ 770,000

Bedrooms

Full Bath

Half Bath

Property Type

Single Family

Taxes

^$ 3,576

Style

House

Lot Size

Year Built

2003

Town/City

Penrose

County/Region

Fremont

MLS | Web ID

6288250

Features

Interior

Interior Amenities Ceiling Fan(s) Entrance Foyer Kitchen Island Walk-In Closet(s)

Basement Crawl Space Partial Unfinished

Flooring Tile

Basement (Y/N) Y

Window Features Egress Windows

Above Grade Finished Area 3527

Half Baths 1

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 4

Below Grade Finished Area 1106

Main Level Bedrooms 4

Main Level Bathrooms 3

Total Baths 3

General

Sewer Septic Tank

Heating Forced Air Propane Radiant Floor Wood

Cooling Central Air

Utilities Electricity Connected Propane

Possession Negotiable

Roof Metal

Appliances Dishwasher Dryer Range Refrigerator Washer

Garage Spaces 3

Patio/Porch Features Covered

Construction Materials Adobe ICFs (Insulated Concrete Forms)

Exclusions sellers personal property freezer in garage cow hide mirror fridge in garage and utility room cabinets and counters in flex room (massage room) shed wagon wheels in the landscaping.

Year Built 2003

Levels One

Property Subtype Single Family Residence

Tax Year 2024

Ownership Individual

County Fremont

Property Type Residential

HOA N

Attached Garage N

Subdivision Name Beaver Park

Full Baths 2

Status Active

Directions Heading East on Hwy 50 turn left onto M Street (right if heading West on Hwy 50). Turn right onto 9th street. Turn Right onto P Street. Home will be on the left.

High School Florence

City Penrose

Senior Community Y/N N

High School District Fremont RE-2

Lot Size Units Acres

Lot Size Square Feet 435600

Carport Spaces 0

Listing Terms Cash Conventional FHA VA Loan

Spa Features Bath

Elementary School Penrose

Tax Annual Amount 3576

Middle/Junior High School Fremont

Structure Type House

Standard Status Active

Occupancy Type Owner

Middle/Junior School District Fremont RE-2

Elementary School District Fremont RE-2

Exterior

Fencing Fenced Pasture

Parking Features Concrete Unpaved Oversized

Lot Features Irrigated

Water Source Public

Total Parking 3

Lot Size Area 10

Building Area Total 4633

Lot Size Acres 10

Road Surface Type Dirt Gravel

Horse Y/N Y

Horse Amenities Corral(s) Loafing Shed Pasture

Internal Only

Street Number 1 988

* Excluded Features

List By

Homesmart Preferred Realty

Broker

(719) 458-8599

Phone

Affordability Calculator

$5,102

Per Month

Monthly Principal & Interest: $4,804
Monthly Property Taxes: $298
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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

Single family listings in Penrose, CO

Average List Price ^$564,038

Percent of Sale Price 27%

About Penrose, CO

3,257 Population

-8% Since 2002

^$50,511 Median Income

48.99 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3376521 Elementary School

3042966 Middle School

Florence High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/28/2025	$770,000		Listed Price

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988 P Street, Penrose, CO, 81240 is a Single Family Home for sale at $770,000 with 4,633 sqft and a lot size of 10. 988 P Street has 4 bedrooms, 2.1 baths, and was built in 2003. The property's zip code is 81240 which is in Penrose, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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 12/14/2025.

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988 P Street

Single Family Home for sale in Penrose, CO

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