TBD 5400 Road, Olathe, CO 81425
Property image
Property image
OFF MARKET

$625,000

Last sold price

    TBD 5400 Road, Olathe, CO 81425

    Currently Off Market - Sold May 30, 2025 for $625,000

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    1.04
    Lot/Land
    $260,000
    11/14/25
    -
    -
    2.29
    Lot/Land
    $450,000
    10/10/25
    -
    -
    3.36
    Lot/Land
    $575,000
    10/08/25
    -
    -
    3.26
    Lot/Land
    $158,000
    04/08/26
    -
    -
    3.31
    Lot/Land
    $157,500
    04/08/26
    -
    -
    4.62
    Lot/Land
    $170,000
    04/28/26
    -
    -
    5.49
    Lot/Land
    $1,087,405
    07/09/26
    -
    -
    5.10
    Lot/Land
    $257,000
    02/13/26
    -
    -
    5.30
    Lot/Land
    $136,000
    02/13/26
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    0.46
    -
    -
    -
    -
    Off Market
    0.45
    $484,200
    3
    2.5
    2,110
    Off Market
    0.50
    $402,000
    3
    2
    1,404
    Recently Sold
    0.54
    $670,200
    2
    2.5
    2,475
    Off Market
    0.63
    $448,300
    4
    2
    1,654
    Off Market
    0.70
    -
    -
    -
    -
    Off Market
    0.71
    -
    -
    -
    -
    Off Market
    0.71
    -
    -
    -
    -
    Off Market
    0.72
    -
    -
    -
    -
    Off Market
    0.73
    $263,500
    -
    -
    -
    Off Market
    0.75
    -
    -
    -
    -
    Off Market

    Local Information

    • Map ViewExplore the area around TBD 5400 Road.
    • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Lot/Land
    94.19 acre lot

    About this House

    Introducing Patterson Place Farm, a rare opportunity to own one of the Western Slope’s most fertile and historically productive farmlands. Spanning 94.19 acres, this historic property was originally homesteaded by the renowned Roatcap family and has consistently yielded abundant crops over generations. Located on California Mesa, southwest of Olathe, Colorado, this farm includes 53 acres of meticulously irrigated land renowned for its exceptionally fertile and productive soils, ideal for a variety of crops. The property benefits from extensive soil conservation practices implemented over many years. It is irrigated via gated pipe (included), drawing water from approximately 54 shares of the pristine Highline Canal managed by Uncompahgre Valley Water Users. This reliable irrigation system ensures continuous water supply, sustaining crops well into late fall and even during drought conditions. Situated at an altitude exceeding 5,500 feet, the farm enjoys an optimal climate for cultivating sweet corn, field corn, pinto beans, onions, potatoes, barley, wheat, oats, sunflowers, and alfalfa. Livestock have thrived on this land, and its fertile soil makes it a prime Western Colorado Farm Property. The property features a picturesque hilltop encompassing approximately 40 acres, offering stunning views over 50 miles of local mountain ranges. This elevated area presents potential building sites for one or more homes, complemented by a nearby wetlands area that attracts diverse wildlife. Views from the property include the San Juan and West Elk Mountain Ranges, Black Canyon, Grand Mesa, and the Uncompahgre Plateau, enhancing its appeal as both a productive farm and a scenic retreat. Nestled beneath the Uncompahgre Plateau, with nearby BLM land, the property serves as a sanctuary for wildlife such as mule deer, elk, bear, and pheasant, offering ample opportunities for hunting and outdoor recreation. Trophy bucks have been spotted in the vicinity, further highlighting the area’s natural beauty and diversity. This exceptional farm parcel invites exploration and promises endless possibilities for agricultural innovation and rural living. Whether as a productive farm, a private retreat, or a combined venture, Patterson Place Farm awaits your vision. Come and experience the richness of this land firsthand!
    TBD 5400 Road, Olathe, CO 81425 is a lot/land. It last sold for $625,000 on May 30, 2025 (17% below the $750,000 asking price). This property is not currently displayed as for sale or rent on Trulia.
    Last check for updates: about 15 hours ago
    Listed by Gary Hubbell, (970) 872-3322
    United Country Colorado Brokers, Inc.
    Jake Hubbell, (970) 250-9396
    United Country Colorado Brokers, Inc.
    Bought with: Jake Hubbell, United Country Colorado Brokers, Inc.
    Co-Buyer's Agent: Gary Hubbell, United Country Colorado Brokers, Inc.
    Source: CREN, MLS#817516

    Home Details for TBD 5400 Road

    Active Status

    MLS Status: Sold Inner Office

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Available, Phone Available, Propane Required
    Gas & Electric
    Has Electric on Property
    View
    Has a ViewView: Mountain(s), Valley

    Exterior Features

    Frontage
    Road Frontage: County RoadRoad Surface Type: GravelNot on Waterfront
    Water & Sewer
    Sewer: Septic Tank
    Farm & Range
    Allowed to Raise HorsesIncludes Irrigation Water Rights
    Surface & Elevation
    Topography: Level, Sloping

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Usage of Home: Ag/Row Crops, Livestock, Hay Pasture/Prod., Horses, Hunting, Irrigated Farmland, Single FamilyParcel Number: 372514300006

    Price & Status

    Price
    List Price: $750,000

    Location

    Direction & Address
    City: OlatheCommunity: None
    School Information
    Elementary School: Open EnrollmentJr High / Middle School: Open EnrollmentHigh School: Open Enrollment

    HOA

    No HOA

    Lot Information

    Lot Area: 94.19 Acres

    Miscellaneous

    Mls Number: 817516

    Price and Tax history

    DateEventPrice
    May 30, 2025
    Source: CREN #817516
    Sold
    $625,000
    Mar 20, 2025
    Source: CREN #817516
    Listed For Sale
    $750,000
    Feb 20, 2025
    Source: CREN #817516
    ListingRemoved
    $750,000
    Feb 11, 2025
    Source: CREN #817516
    PriceChange
    $750,000
    Price decreased by 6%
    Aug 29, 2024
    Source: CREN #817516
    Listed For Sale
    $795,000

    Market trends in Olathe

    Last updated August 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    Sale-to-List Price
    Price per sq ft
    Available listings
    23
    1
    MoM

    What Locals Say about Olathe

    At least 3 Trulia users voted on each feature.
    • 100 % Say yards are well-kept

    • 100 % Say it's walkable to grocery stores

    • 100 % Say kids play outside

    • 89 % Say there's holiday spirit

    • 83 % Say parking is easy

    • 80 % Say there are community events

    • 75 % Say it's dog friendly

    • 75 % Say people would walk alone at night

    • 71 % Say streets are well-lit

    • 63 % Say car is needed

    • 60 % Say it's walkable to restaurants

    • 60 % Say there's wildlife

    • 57 % Say neighbors are friendly

    • 44 % Say it's quiet

    • 29 % Say there are sidewalks

    • 25 % Say they plan to stay for at least 5 years

    Sourced by Trulia users. Learn more about our methodology.
    • Y96pbypkv6
      "It’s a nice farm town. People help each other out. The streets are clean. We even have a nice little grocery store so we don’t have to drive to a bigger town to get last minute things."
    • Karih2015
      "I’ve lived in this neighborhood almost my entire life. It’s a small nice town, most people are very friendly. The town is a bit outdated but it’s still welcoming and peaceful to live in the area. I have enjoyed my years living here but I do not see myself living here for the rest of my life. Although I plan on moving away I would still come and visit. I have a lot of family living here in Olathe and I have made many memories here it’s a nice place to grow up. As I have been growing up I have been drawn closer to the city. I enjoy this neighborhood and would return to visit when possible. "

    LGBTQ Local Legal Protections

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    Frequently asked questions about TBD 5400 Road

    • What is the price history for TBD 5400 Road?
      TBD 5400 Road in Olathe, CO last sold for $625,000 in May 2025.
    • Is Olathe a buyer's or seller's market?
      Olathe is currently a buyer's market, based on recent for-sale activity.
    • What are the closest schools to TBD 5400 Road?
      The closest schools to TBD 5400 Road in Olathe, CO are Olathe Elementary School (Pre-K, rated 7/10), Olathe High School (Middle, rated 5/10), Olathe Middle School.
    • Does TBD 5400 Road have irrigation?
      Yes, TBD 5400 Road in Olathe, CO has irrigation.

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