40 Acres of Land

36A-1 Newton Rd, Pueblo, CO 81005

$50,000 After Repair Value -
$29,500 Asking Price -
$0 Cost of Repairs =
$20,500 Potential Profit

Property Details

Asking Price $29,500

After Repair Value $50,000

Costs of Repairs $0

Potential Profit $20,500

Living Area N/A

Property Type Unknown

Bedrooms 0

Bathrooms 0

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

40 Acres of LandSpectacular ViewFoothills of the Rocky Mountains$29,500. Gravel roads lead to two home sites, each with views of Pikes Peak and Lake Pueblo. The property shares a hilltop and a private road at the highest point in Red Creek Ranch, which is located 30 minutes west of Pueblo, Colorado and an hour from the Colorado Springs airport. The property is bordered by National Forest and BLM land. Boundaries occupy the last half mile of a gravel road that ends in a cul de sac, a only two other properties border the opposite side of the road, thereby eliminating outside traffic. Herds of Elk and Mule Deer constantly move through a creek bed running through the mostly wooded land, covered with Pinion Pines and Cedar trees and featuring a mixture of rolling hills, open fields and steep rocky ridges. The land is part of a convent community, Red Creek Ranch, governed by a homeowners association, whose bylaws protect property values by prohibiting mobile and pre-fabricated homes and requiring that homes be Earth tone and at least 1,200 square feet. Commercial businesses also are prohibited. Property owners, however, are free to shoot firearms or even lawfully grow marijuana. Homeowners association due are about $300 a year to cover road maintenance. Underground electrical and telephone run to all properties. Water is virtually guaranteed. Red Creek Ranch sits atop a huge aquifer, which every well has found. The property is being sold by the owner, who purchased it ten years ago for $80,000. The current market value, based on prices of comparable properties, is $55,000. For information contact Sarah at -


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