Sold
Last Sold Price

54654 Banner Rd, Olathe, CO 81425

Mixed UseProperty Type
16 acresLot Size

Description

A very well irrigated parcel, perfect for a small farm or horse set up room for a home, and some improvements. This parcel has almost 360 degree views of the San Juan Mountain Range, the West Elks near Crawford Colorado, and the Uncompahgre Plateau. Finalize acreage to be determined when split is finalized with Montrose county. About 16 shares of Uncompahgre Valley Water Users Association water (project water) will go with the land. This is a split off a 38 acre parcel which is also for sale to include...A very well irrigated parcel, perfect for a small farm or horse set up room for a home, and some improvements. This parcel has almost 360 degree views of the San Juan Mountain Range, the West Elks near Crawford Colorado, and the Uncompahgre Plateau. Finalize acreage to be determined when split is finalized with Montrose county. About 16 shares of Uncompahgre Valley Water Users Association water (project water) will go with the land. This is a split off a 38 acre parcel which is also for sale to include a large shop with living quarters of almost 4,000 sq ft included. Listed separately.
  • Listed by: Leslie Gore 970.275.3195 Lesliegorerealtor@gmail.com • The Real Estate Store
Listing closed: 10/26/2022 12:00 AM • Source: IRES as distributed by MLS GRID, MLS#: 964241
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Recent comparable sales

Median sold price

$330,000

Avg days on market

355

Sale-to-list ratio

98.7%

Olathe, CO

9 comparable properties found

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Sold 11/22/24

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Location

Listing Courtesy of The Real Estate Store, Leslie Gore

Sold By Non-IRES, Non-IRES Agent

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Property Information for 54654 Banner Road

Property Details

Building Information

  • Lot Size: 16.00 AC

Summary

Location and General Information
  • Road Access 2: Priv Rd up to County Standards, County Maintained
  • Latitude: 38.53
  • Longitude: -108.11
  • Nearest Town: Olathe
  • Miles To Nearest Town: 6
Taxes and HOA Information
  • Has HOA: No
  • HOA Fee: $.00
  • Legal Description: TBD legal when spit is final with the county. Split from Parcel Number 3493-351-00-001 with the leal of S: 35 T: 5 R: 11 Part of the N2N2NE4 35-51-11 Per M/B Deed 850098 for a total of 22 acres MOL
  • Tax Information: No
  • HOA2 Fee Amount: $0
  • Tax Year: 2021
  • Tax Annual Amount: $0
  • Parcel Number: R0006538

Property

Lot Information
  • Lot Improvements: Level, Water Rights Included
  • Horse Property: Horse(s) Allowed, Zoning Appropriate for 4+ Horses, Barn, Corral(s), Pasture, Arena, Tack Room, Loafing Shed, Hay Storage
  • Lot Size Area: 696,960.00
  • Has Irrigation Water Rights: Yes
  • Has Improvements: No
  • Crops: YES
Property and Assessments
  • Are Ditches Active: Yes
Utilities
  • Electric: DMEA

Multi Family

Multi-Family Information
  • Total Units: See Remarks

Rental

Rental Information
  • Horse YN: Yes

Property History for 54654 Banner Road

DateEvent & SourcePriceAppreciation
Oct 24, 2022

Sold (Public Record)

Public Record #1501252534

$330,000

+4.9% / yr

May 23, 2017

Sold (Public Record)

Public Record #1253795024

$255,000—
DateEvent & SourcePrice
10/24/2022

Sold (Public Record)

Public Record #1501252534

$330,000

+4.9% / yr

05/23/2017

Sold (Public Record)

Public Record #1253795024

$255,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

54654 Banner Road

Beds

3

Baths

3

Total Finished SqFt

4,183 SqFt

Above Grade Finished SqFt

4,183 SqFt

Lot Size

871,200 SqFt

Style

Miscellaneous Residential

Schools near 54654 Banner Road

This home is within Montrose County Re-1j School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 6 to 8
Public - K to 12
Rating
School
Distance
Olathe Elementary School
PublicPK to 5

Olathe High School
Public6 to 12

Olathe Middle School
Public6 to 8

Peak Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 54654 Banner Road, Olathe, CO 81425
$330,000
–
–
–
696,960
$205,000
–
–
–
348,480
$525,000
2
1,484
522,720
$230,000
3
2
2,669
348,480
$230,000
–
–
–
348,480
$389,000
2
1,184
54,014

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of The Real Estate Store, Leslie Gore

Based on information submitted to the MLS GRID as of 10/20/2025 07:37 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.