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Property profile & analytics
OFF-MARKET
Land

7 Rito Hondo Ct Cañon, CO 81120

35.5 ac lot
Property ID
Property summary
AI-generated overview

This stunning 35.5-acre residential lot in the Rito Hondo development near Antonito, Colorado, presents a unique opportunity. Boasting panoramic views and mature trees including Ponderosa pines and aspen, this property offers several ideal building sites. The lot features a flat front sloping gently down to a ravine bordering National Forest land. Electricity is available at the lot line. The sellers are contributing $6,000 towards well and septic installation ($3,000 each). A nearby well (Lot 2) boasts a depth of 400 feet and a yield of 20 gallons per minute (Well Permit # 318075). This information is for reference only; a new well and septic system will be required for this lot. The Rito Hondo development is approximately 10 miles west of Antonito, on the south side of Hwy 17, and is fully fenced with ornamental gates at the north and south entrances. Excellent gravel roads provide year-round access. The HOA fee is $500 annually. The development is surrounded by National Forest, offering abundant wildlife viewing opportunities. Antonito is a 15-minute drive, while Alamosa (with a new hospital) is 45 minutes away. Taos, NM is 1 hour 15 minutes, and Santa Fe, NM is 2 hours away. The property's APN is 613716100007. Review the covenants in the provided documents. Virtual tours and drone videos are available. Asking price is $400,000.

Property profile
Verified
Property type Land
Lot 35.5 ac (1,546,380 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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