275 Settlement Ln Unit A2 · Elizabeth, CO 80107

$355,000

2 bd · 2.0 ba · 1,695 sqft · SingleFamily public records · 198 Days on market

Built 1984 4,617 sqft lot $209/sqft · 13% below area Est $417k · 15% under $60/mo HOA · 3% of rent

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +14.2/15.0
• Cash flow +5.7/30.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.5/10.0
• DSCR +0.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

Key facts

• 4,617 sq ft lot
• 2 parking spots
• Built 1984

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $355k.

Deal economics

• At list price, monthly cash flow is $-729 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $226k (36.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (45.3% below list).
• Recommended offer: $194k (45.3% below list) — sets the bar for 1% rule.
• Cap rate 3.8% vs local median 1.9% in Elizabeth — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#101 in CO) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: cost of living D, amenities F, commute F.
• Elizabeth School District (rural): math 31% / reading 46% proficiency, ranked #25 of 86 in CO (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 13% free/reduced lunch — higher-income household profile.
• Market conditions: 335 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 780 units permitted in Elbert County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Elbert County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 198 days — a 12% lower offer ($312k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y ago; this cycle's ask has dropped $35k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $194,200 (45.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 198 days. Have you received any prior offers? Is the seller open to a 45% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.55% ✗
• Cap rate: 3.83%
• Cash-on-cash: -8.80%
• DSCR: 0.61
• GRM: 15.2

CMA / ARV

• ARV (median comp): $417,145
• List price: $355,000
• Delta: -14.90%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
256 Evans Blvd	0.23mi	3/2.0 (+1)	1,716 (+1%)	0mo	$450,000	$262	82
307 Rushmore St	0.36mi	3/3.0 (+1)	1,728 (+2%)	6mo	$425,000	$246	66
309 E Poplar St	0.24mi	3/2.0 (+1)	1,508 (-11%)	4mo	$375,000	$249	62
433 Amanda Ct	0.35mi	3/2.0 (+1)	1,656 (-2%)	20mo	$455,000	$275	58
577 S Main St	0.40mi	3/1.0 (+1)	1,821 (+7%)	3mo	$440,000	$242	58
653 S Main St	0.42mi	3/2.0 (+1)	1,824 (+8%)	7mo	$482,000	$264	57
377 Evans Blvd	0.21mi	3/2.0 (+1)	1,513 (-11%)	20mo	$430,000	$284	50
157 W Broadway St	0.12mi	3/1.0 (+1)	1,897 (+12%)	21mo	$319,000	$168	48
210 Paloma Way	0.64mi	3/3.0 (+1)	1,813 (+7%)	14mo	$523,000	$288	38
610 Mosquito St	0.73mi	3/3.0 (+1)	1,826 (+8%)	10mo	$518,000	$284	35
271 Paloma Way	0.69mi	3/3.0 (+1)	1,813 (+7%)	16mo	$510,000	$281	34
400 Paloma Way	0.68mi	3/3.0 (+1)	1,813 (+7%)	22mo	$508,000	$280	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -31.9%
• Equity multiple: -0.05×
• Total profit: $-104,041
• Equity at exit: $52,932

10-year hold

• IRR: -36.8%
• Equity multiple: -0.52×
• Total profit: $-150,736
• Equity at exit: $30,694

Cash invested: $99,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 38 Tenant-Leaning
• State Colorado: 38 Tenant-Leaning · D+4
• County: — inherits STATE
• City: — inherits STATE

2023 reforms: 10-day cure, mandated notice, source-of-income protected. Courts backlogged in Denver.

Methodology + full state rankings →

ZIP-level market 80107

• Active inventory: 335
• Price-to-rent: 15.2×

Monthly cashflow live

• Estimated rent: $1,942 medium
• Mortgage (P&I): −$1,862
• Tax from tax record: −$194 /mo · $2,323/yr
• Insurance: −$148
• HOA: −$60
• Vacancy / Maint / Mgmt: −$408
• Net cashflow: $-729

Break-even live

Break-even rent $2,865

Max offer price $226,226

Occupancy floor —

Sensitivity live

Price	-10% $-528	-5% $-628	+0% $-729	+5% $-829	+10% $-930
Rent	-10% $-882	-5% $-806	+0% $-729	+5% $-652	+10% $-576
Rate	-1.0pp $-550	-0.5pp $-639	base $-729	+0.5pp $-821	+1.0pp $-915

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $88,750
• Closing costs: $10,650
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
701 S Elizabeth St Elizabeth, CO	2.0–3.0	2.0	1125	$1,942	$1.73	3d	19	0.46mi

HOA detail

• Monthly dues: $60 · $720/yr
• Likely covers: watergym

Listing history 29 events

1. 2026-06-21
   days on market $355,000 Active 198 DOM
2. 2026-06-18
   days on market $355,000 Active 195 DOM
3. 2026-06-17
   days on market $355,000 Active 194 DOM
4. 2026-06-16
   days on market $355,000 Active 193 DOM
5. 2026-06-15
   days on market $355,000 Active 192 DOM
6. 2026-06-13
   days on market $355,000 Active 190 DOM
7. 2026-06-13
   price $355,000 Active 189 DOM
8. 2026-02-24
   price $360,000 1132-char remark

   Show marketing remark (1132 chars)

   Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

9. 2026-02-24
   price $360,000 1132-char remark

   Show marketing remark (1132 chars)

   Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

10. 2026-01-27
    price $365,000 1132-char remark

    Show marketing remark (1132 chars)

    Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

11. 2026-01-27
    price $365,000 1132-char remark

    Show marketing remark (1132 chars)

    Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

12. 2025-12-23
    price $370,000 1132-char remark

    Show marketing remark (1132 chars)

    Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

13. 2025-12-23
    price $370,000 1132-char remark

    Show marketing remark (1132 chars)

    Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

14. 2025-12-12
    price $385,000 1132-char remark

    Show marketing remark (1132 chars)

    Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

15. 2025-12-12
    price $385,000 1132-char remark

    Show marketing remark (1132 chars)

    Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

16. 2025-11-22
    listed $390,000 Active 1132-char remark

    Show marketing remark (1132 chars)

    Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

17. 2025-11-22
    listed $390,000 Active 1132-char remark

    Show marketing remark (1132 chars)

    Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

18. 2025-11-21
    historical $390,000 1132-char remark

    Show marketing remark (1132 chars)

    Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

19. 2025-11-21
    historical $390,000 1132-char remark

    Show marketing remark (1132 chars)

    Welcome to Elizabeth, nestled only 15 minutes away on tree-lined roads from Castle Rock and Parker. This home will be your private escape from the hustle and bustle without being too far from modern conveniences. Enjoy the star-filled skies at night and sip coffee on your covered front porch and watch the deer graze. This home boasts 2 options for your primary bedroom, an open main floor for entertaining, and a more private cozy den downstairs for relaxing, a home gym, or family time. Office with built-in shelving has plenty of places for your favorite books and decor. The laundry area was moved from the hall closet to the office entry to allow for a full-size washer and dryer. With a newer furnace (2023) and hot water heater (2024), you can rest at ease, with no pricey upcoming home maintenance costs on the horizon. Outdoor private patio and yard area has planters for a small garden and a large patio to enjoy the summer weather with company. Whether you spend more time inside, curled up with your favorite book, or out and about exploring the beautiful surroundings, you are sure to make sweet memories in this home.

20. 2021-05-03
    soldstatus $330,000 740-char remark

    Show marketing remark (740 chars)

    Move-in ready, plug and play, convenient location near downtown Elizabeth. This home won't last long! New roof just 2 years old. All appliances, flooring, windows, Trex deck, and interior & exterior paint are less than 6 years old . Fresh paint on exterior trim, soffit, eaves and deck railing. New steps and gate. Tile entry to vaulted ceiling living area and kitchen. Stainless appliances with gas range. Open floorplan allows maximum use of square footage and extra storage. Enjoy outdoor living at its best with your private Colorado room/patio with soothing water feature. Close access to parks, downtown, restaurants, and shopping. Home has direct access to HOA common area. Seller says, " no one used this area but us."

21. 2021-05-03
    soldstatus $330,000 Closed 740-char remark

    Show marketing remark (740 chars)

    Move-in ready, plug and play, convenient location near downtown Elizabeth. This home won't last long! New roof just 2 years old. All appliances, flooring, windows, Trex deck, and interior & exterior paint are less than 6 years old . Fresh paint on exterior trim, soffit, eaves and deck railing. New steps and gate. Tile entry to vaulted ceiling living area and kitchen. Stainless appliances with gas range. Open floorplan allows maximum use of square footage and extra storage. Enjoy outdoor living at its best with your private Colorado room/patio with soothing water feature. Close access to parks, downtown, restaurants, and shopping. Home has direct access to HOA common area. Seller says, " no one used this area but us."

22. 2021-04-02
    status Pending Accepting Backup Offers 740-char remark

    Show marketing remark (740 chars)

    Move-in ready, plug and play, convenient location near downtown Elizabeth. This home won't last long! New roof just 2 years old. All appliances, flooring, windows, Trex deck, and interior & exterior paint are less than 6 years old . Fresh paint on exterior trim, soffit, eaves and deck railing. New steps and gate. Tile entry to vaulted ceiling living area and kitchen. Stainless appliances with gas range. Open floorplan allows maximum use of square footage and extra storage. Enjoy outdoor living at its best with your private Colorado room/patio with soothing water feature. Close access to parks, downtown, restaurants, and shopping. Home has direct access to HOA common area. Seller says, " no one used this area but us."

23. 2021-03-30
    listed $310,000 740-char remark

    Show marketing remark (740 chars)

    Move-in ready, plug and play, convenient location near downtown Elizabeth. This home won't last long! New roof just 2 years old. All appliances, flooring, windows, Trex deck, and interior & exterior paint are less than 6 years old . Fresh paint on exterior trim, soffit, eaves and deck railing. New steps and gate. Tile entry to vaulted ceiling living area and kitchen. Stainless appliances with gas range. Open floorplan allows maximum use of square footage and extra storage. Enjoy outdoor living at its best with your private Colorado room/patio with soothing water feature. Close access to parks, downtown, restaurants, and shopping. Home has direct access to HOA common area. Seller says, " no one used this area but us."

24. 2021-03-30
    listed $310,000 Active 740-char remark

    Show marketing remark (740 chars)

    Move-in ready, plug and play, convenient location near downtown Elizabeth. This home won't last long! New roof just 2 years old. All appliances, flooring, windows, Trex deck, and interior & exterior paint are less than 6 years old . Fresh paint on exterior trim, soffit, eaves and deck railing. New steps and gate. Tile entry to vaulted ceiling living area and kitchen. Stainless appliances with gas range. Open floorplan allows maximum use of square footage and extra storage. Enjoy outdoor living at its best with your private Colorado room/patio with soothing water feature. Close access to parks, downtown, restaurants, and shopping. Home has direct access to HOA common area. Seller says, " no one used this area but us."

25. 2015-07-14
    soldstatus $189,000
26. 2015-07-10
    soldstatus $189,000 Sold
27. 2015-05-08
    historical Under Contract (Contingent)
28. 2015-05-01
    listed $189,000 Active
29. 2002-04-29
    soldstatus $150,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CO · Resets to sale price

• Current annual tax: $2,323 · $194/mo
• Projected year-2 tax: $2,323 · $194/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 2/10 Low 7 d/yr ≥89°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,304
• − Mortgage interest: −$19,886
• − Property taxes: −$2,323
• − Insurance: −$1,775
• − Repairs & maintenance: −$1,864
• − Management: −$1,864
• − HOA: −$720
• − Depreciation: −$10,327
• Taxable loss: −$15,455
• Est. tax savings @ 24.0%: +$3,709
• After-tax cash flow: $-5,038/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Elizabeth School District
• NCES district ID: 0803720
• Math proficiency: 31% ▼ -1.00%
• Reading proficiency: 46% ▼ -4.00%
• Median HH income: $87,118
• Composite: 36.74/100
• National rank: #4586
• State rank: #25 of 86 in CO

Livability — Elizabeth

• Score: 69/100
• State rank: #101
• US rank: #8824

Category grades

Amenities F Commute F Cost of living D Crime A+ Employment A+ Housing A+ Health & safety D- User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elizabeth, CO
• Population (ZIP): 14,976

Population outlook (Elbert County) Hauer SSP2

• Today (2025): 28,793 people
• By 2030: 30,654 · +6.5%
• By 2040: 33,641 · +16.8%
• By 2050: 35,638 · +23.8%
• By 2075: 41,808 · +45.2%
• By 2100: 44,151 · +53.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 10% Hispanic / Latino 7% Asian 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 4% Portuguese 3% Iranian 3%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Elbert

• 2024 margin: Solid R (+51.1) · D 23.4% · R 74.5% · Other 2.2%
• 2008→2024 swing: -11.1pp toward R · 2008: -40.0pp · 2024: -51.1pp
• All cycles: 2024: R+51.1 2020: R+50.2 2016: R+54.0 2012: R+47.2 2008: R+40.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -281.96%
• Current HPI: 274.7606
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.95%
• F500 in state: 14

Industry mix (Fortune 500 HQ in CO)

Industry	F500 HQs	Revenue
▸Technology Distribution	1	$31B
▸Food / Agriculture	1	$18B
▸Packaging	1	$14B
▸Healthcare	1	$13B
▸Energy	1	$10B
▸Technology	1	$4B

Price history

+140.0% since first listed

22 events — show timeline

• 2026-02-24 Price Changed $360,000 IRES
• 2026-02-24 Price Changed $360,000 REColorado as Distributed by MLS Grid
• 2026-01-27 Price Changed $365,000 IRES
• 2026-01-27 Price Changed $365,000 REColorado as Distributed by MLS Grid
• 2025-12-23 Price Changed $370,000 IRES
• 2025-12-23 Price Changed $370,000 REColorado as Distributed by MLS Grid
• 2025-12-12 Price Changed $385,000 IRES
• 2025-12-12 Price Changed $385,000 REColorado as Distributed by MLS Grid
• 2025-11-22 Listed $390,000 IRES
• 2025-11-22 Listed $390,000 REColorado as Distributed by MLS Grid
• 2025-11-21 Coming Soon $390,000 IRES
• 2025-11-21 Coming Soon $390,000 REColorado as Distributed by MLS Grid
• 2021-05-03 Sold (MLS) $330,000 REColorado as Distributed by MLS Grid
• 2021-05-03 Sold (MLS) $330,000 IRES
• 2021-04-02 Pending — REColorado as Distributed by MLS Grid
• 2021-03-30 Listed $310,000 REColorado as Distributed by MLS Grid
• 2021-03-30 Listed $310,000 IRES
• 2015-07-14 Sold (Public Records) $189,000 Public Records
• 2015-07-10 Sold (MLS) $189,000 REColorado as Distributed by MLS Grid
• 2015-05-08 Contingent — REColorado as Distributed by MLS Grid
• 2015-05-01 Listed $189,000 REColorado as Distributed by MLS Grid
• 2002-04-29 Sold (Public Records) $150,000 Public Records

Property tax history

+14.0%/yr

Latest (2025): $2,323 · +16.4% YoY. Source: county tax records.