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987 38th Trl, Cotopaxi, CO, 81223

5beds
4baths
3,232sqft
$775,000
$240price/sqft
$4,946/moest. monthly cost
$197,840/yrincome needed

About This Home

SELLER MOTIVATED! Enjoy end of the road seclusion on 48-acre homestead w/panoramic mountain views from the wrap around patios and decks! Solar system powers this luxurious mountain home, with automatic grid backup power- nearly eliminating electricity costs. Wood burning stove keeps propane bills low in the winter. Home is positioned for passive solar daytime heat. Romantic master bedroom w/en-suite bath has its own WB stove and is conveniently located on the main floor. The walk-out basement provides multi-generational living as potentially a mother-in-law suite or independent teen area. It includes a spacious bedroom w/en-suite bath, another bedroom and a large living/game room space. Upper-level game room loft is open to Great Room below, inescapable mountain views, flanked by 2 additional bedrooms each with their own private balconies. Each floor has its own living area, bedrooms and private bath. Water Well updated with 1500-gallon cistern; roof replaced 2015 with a 30-year roof; solar batteries replaced mid 2020; new basement heaters 2021; new stainless steel appliances including convection oven 2021; Prow windows replaced 2022; new Anderson sliding glass windows on upper balconies; and primary bedroom triple windows, 2023; new vinyl flooring on main floor 2023. This mountain home is not only beautiful but also equipped with essential modern conveniences that enhance your living experience, including Starlink high-speed internet, and a DirecTV dish wirelessly connecting 3 different TVs. This property is not just about luxury; it also offers a rich outdoor lifestyle that is difficult to replicate, complete with a 16X8 greenhouse, and another 16X8 open-air raised bed garden area enclosed by 6 ft fencing, with multiple grass meadows. With security systems in place, you can rest easy knowing that your sanctuary is protected. Seller May Contribute to closing costs.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

--
Cotopaxi Elementary SchoolGrades PK-513.1 mi

Construction

Condition

  • Year built: 1999

Materials

  • Construction materials: Stucco,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Window features: Double Pane Windows,Vinyl
  • Flooring: Carpet,Plank,Vinyl,Luxury Vinyl
  • Number of fireplaces: 3
  • Fireplace features: Lower Level,Main Level,Three,Wood Burning Stove
  • Fireplace: Yes
  • Attic: Access Only,Partially Finished

Heating & Cooling

  • Heating features: Active Solar,Central,Forced Air,Wall Furnace,Wood
  • Cooling features: None

Interior Area

  • Total structure area: 3,232
  • Total interior livable area: 3,232 sqft

Property

Details

  • Parcel number: 99904036

Features

  • Stories: 3
  • Patio & porch: Concrete,Deck
  • Has view: Yes
  • View description: 360 Degree,Mountain(s),View of Pikes Peak,View of Rock Formations

Lot

  • Lot size: 48.96 Acres
  • Features: Cul-De-Sac,Rural,Sloped,Wooded

Parking

  • Parking features: Attached,220V,Workshop in Garage
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Lightning
Wildfire
Winter Weather
Hail
Landslide

FEMA Declared Disasters Across Colorado Counties

Fire
Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,918$47,016
Home Insurance *$553$6,636
Property Taxes $232$2,784
Electricity $243$2,927
Total$4,946$59,352
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$169,577/yr
40% on housing$148,380/yr
45% on housing$131,893/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.6%
12.6%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 5.4%
5.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$240This listing

vs Other Active Listings

Avg $/sqft

ZIP 81223$142
Fremont County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 81223$198
Fremont County$209

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Price change$775,000
2026-04-29Listed for sale$789,000
2026-04-22Listing removed$795,000
2026-03-21Listed for sale$795,000
2026-03-10Listing removed$795,000
2026-03-06Listed for sale$795,000
2026-02-01Listing removed$799,000
2025-10-02Price change$799,000
2025-08-23Price change$875,000
2025-07-16Listed for sale$895,000

For Sale by Agent

AgentCynthia Grogan
BrokerageUc Wapiti Ranch Realty & Auction Llc

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