Updated Dec 4, 2024
Anonymous Buyer Acquires 132-Acre Ranch In Castle Rock, CO From John Blount
1395 Waverton Ranch Road
$7,800,000
$780/SF
Building Size
10,000 SF
Asset Type
Single Family
Closing
Sep 16, 2023
About this deal
AI
An anonymous buyer has acquired a 132-acre single-family ranch located at 1395 Waverton Ranch Road in Castle Rock, Colorado. The property, owned by former TW Telecom executive John Blount, was sold for $7.8 million. This represents a significant increase from Blount's purchase price of $3.3 million in 2007. The ranch offers 10,000 square feet of living space, resulting in a price per square foot of $780.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,800,000
- Address: 1395 Waverton Ranch Road
- Market: Castle Rock, CO
- Acres: 132
- Seller: John Blount
- Square Feet: 10,000
- Price per Square Foot: $780
This acquisition marks a substantial investment made by the anonymous buyer, who recognized the value of this expansive property. The sale represents a remarkable appreciation in price since Blount's original purchase in 2007. The transaction highlights the desirability and potential for growth in the Castle Rock, Colorado real estate market.
Players
Castle Rock Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $780 per square foot on a published $7.8M for 10,000 square feet (2023).
Browse Castle Rock single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93