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V Rd, Formoso, KS, 66942

3beds
3baths
1,936sqft
$885,000
$457price/sqft
$6,513/moest. monthly cost
$260,520/yrincome needed

About This Home

Located in Jewell County, Kansas, this +/- 79.69-acre property offers a rare combination of privacy, quality construction, scenic Lovewell Reservoir views, and year-round recreational opportunities. Accessed by a deeded easement off V Road, the property provides a secluded setting while remaining just minutes from Lovewell Reservoir and adjacent public lands. Built in 1992, the ranch-style home features approximately 1,936 square feet with three bedrooms and two and a half bathrooms. Constructed with durable 2x6 exterior walls and hurricane anchors for added structural integrity, the home is designed for long-term comfort and peace of mind. Rural water service is in place, and the home overlooks Lovewell Reservoir, offering beautiful water views from the property. A large detached shop/garage provides ample space for storing boats, vehicles, tractors, and recreational equipment. The landscape features more than 100 feet of elevation change, native grasses, cedar trees, hardwoods, and established trails for hiking, horseback riding, or UTVs. The pasture includes a pond, and water tank providing water for wildlife and livestock. Outdoor enthusiasts will appreciate the property's abundant wildlife, including deer, turkey, and the seasonal migration of thousands of geese. Whether your interests include fishing, boating, bird watching, hunting, horseback riding, or simply enjoying the outdoors with family and friends, this property offers exceptional versatility. Bordering federal public land less than a quarter mile from Lovewell Reservoir and Wildlife Area, this property offers convenient access to boating, fishing, camping, hiking, and additional recreational opportunities. Whether you're searching for a full-time residence, family retreat, vacation home, or private country getaway, this unique property delivers the ideal combination of quality improvements, privacy, natural beauty, and outdoor recreation. Contact the listing agent to schedule a showing!

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
6
BikeSomewhat Bikeable

Schools

5/10
6/10
Rock Hills High SchoolGrades 6-1210.9 mi

Construction

Materials

  • Roof: Composition
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

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

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,936

Heating & Cooling

  • Heating features: Natural Gas,Propane
  • Cooling features: Electric

Interior Area

  • Total structure area: 1,936
  • Total interior livable area: 1,936 sqft

Property

Details

  • Parcel number: 1041800000004.000

Lot

  • Lot size: 79.69 Acres

Parking

  • Total spaces: 1
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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

  • Hail
    HailVery High
  • Ice Storm
    Ice StormVery High
  • Lightning
    LightningVery High
  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Drought
    DroughtRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Hail
Ice Storm
Lightning
Strong Wind
Tornado
Winter Weather
Drought
Inland Flooding
Cold Wave
Heat Wave

FEMA Declared Disasters Across Kansas Counties

Fire
Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Winter Storm

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 $4,475$53,700
Home Insurance *$985$11,820
Property Taxes $892$10,704
Electricity $161$1,935
Total$6,513$78,156
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$223,302/yr
40% on housing$195,390/yr
45% on housing$173,680/yr

Kansas FAIR Plan Programs

Kansas All-Industry Placement Facility

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 11,507Commercial: 209
Total Premiums$9.41M
Total Exposure$949,000

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: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 1.6%
1.6%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$457This listing

vs Other Active Listings

Avg $/sqft

ZIP 66942
Jewell County$76

vs Homes Sold Last Month

Median $/sqft

ZIP 66942
Jewell County$110

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)

No zestimate history available

Price History

DateEventPrice
2026-07-15Price change$885,000
2026-05-22Price change$990,000
2026-01-09Listed for sale$1,175,000

For Sale by Agent

AgentMatthew Palmquist
BrokerageWhitetail Properties Real Esta

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