1399 B Street $1,300,000


    1399 B Street Penrose, CO 81240

    • 138.00 Acres
    • Land
    • MLS# 60346
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    Views: 0 Days On Site: 73

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    DEVELOPMENT PROPERTY??? 138+ acres, includes the Donnely Well court decreed and Adjudicated as 'Non-tributary groundwater', and does not affect the flow of the Arkansas river, so as not to require Augmentation (rare water right). Well is re drilled this month all new pipe currently free flowing 60 gallons per minute will improve as old well is capped and filled ! should reach the old ajuduicated 100 plus gal. per minute free flow with water being warm.(80 gegrees ) Usage stated at 143 Acre feet per year with 50% consumptive use. Isince re-drilled and cased, the well water come out hotter and cleaner quality water be had (ask a Well driller from the area)? Water test report available at state now !! with minerals seemingly favorable to growing hemp. 4 parcels of land total 138+ acres.could be Decreed water uses include Domestic, lawn watering, stock watering, and recreational use ,could supply a water company to serve RV park or 24 lot subdivision or both ? State permit details general uses of irrigation and stock. Could this water be used to develop a warm water or potential geothermal resort along with growing hemp? Could an RV park and/or subdivision be developed? State Geothermal studies of this area are available, ask Listing agent. Verify all information with your attorney, well drillers and all your experts, and come to your own conclusions!! large under ground electric supply already installed on property ! on site. ???? please call listing agent for info

    • General Features
      • Subdivision OTHER
      • Type Undeveloped Land
      • Sale Type Typical
      • Home Owners Association No
      • County FREMONT
      • Area Penrose
    • Building Features
      • Fence Barbed Wire
      • Ditch Type None
      • Exterior Features RV Parking, View Lot
      • Curb Gutter No
      • Sewer None
      • Paving 0
    • Property Features
      • Access Unpaved Road, Legal Right of Way, Public Road
      • Well Type SEE REMARK
      • Well Yes
      • Total Acres 138
      • Topography Crop and Grazing, Sloping, Gently Rolling
      • Lot Dimensions 43560x138
      • Longitude -105.042281124597
      • Latitude 38.4067661499552
      • Flood Plain No
      • Acreage Range More than 50 Acres
    • Schools
      • Elementary School PENROSE



    81240 (Penrose) Demographics

    50 Median Age
    26 Population Density (per sq. mile)
    32% College Educated
    $50,400 Estimated Median Income
    1,322 Estimated Total Home Owners
    306 Estimated Total Renters
    81% / 19% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    3,878 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $345,000 Median Sales Price
    1 Homes Sold
    12 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,300,000
        7/16/2021 2:02:00 PM New in Database Source: Multiple Listing Service New Value: $1,300,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.