Accepting backups

Price cut: $25K (6/17)

$125,000

652 Payne Gulch Road, Bailey, CO 80421

2beds

0baths

780sqft

$807/mo

Get pre-qualified

Single Family Residence

Built in 1936

-- sqft lot

$-- Zestimate^®

$160/sqft

$13/mo HOA

What's special

Unique rustic Bailey cabin in a Special Use area in Payne Gulch. Enjoy getaways and weekends of hiking, biking, and backpacking from your own cozy cabin. A flat driveway and yard area invite you to picnic, play games, relax, and enjoy the sunsets. As evening falls, sit by the fire pit or warm yourself inside by the fire, then step out to enjoy dark sky nights, views of the Milky Way, and meteor showers. For the more outdoor adventurer, this cabin borders Lost Creek Wilderness and the Colorado Trail, with access to deep backcountry. Electricity makes cooking and entertaining fun and easy. The new and clean outhouse includes a drain for gray water from the kitchen, and it would be easy to install a fresh water cistern under the kitchen window next to the driveway. Set in a private 2-mile valley with a Special Use lease from the National Forest, these cabins are a rare find and a joy to own and use! Listing agent : Becky Elhardt : West + Main Homes

95 days

2,437

181

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 0
Main level bedrooms: 2

Bedroom

Level: Main
Area: 120 Square Feet
Dimensions: 10 x 12

Bedroom

Description: Sunroom
Level: Main
Area: 184 Square Feet
Dimensions: 8 x 23

Kitchen

Level: Main
Area: 88 Square Feet
Dimensions: 8 x 11

Living room

Level: Main
Area: 204 Square Feet
Dimensions: 17 x 12

Loft

Level: Upper
Area: 204 Square Feet
Dimensions: 12 x 17

Heating

Wood Stove

Cooling

None

Appliances

Included: Microwave, Oven, Range

Features

Ceiling Fan(s)
Has basement: No
Has fireplace: Yes
Fireplace features: Wood Burning Stove

Interior area

Total structure area: 780
Total interior livable area: 780 sqft
Finished area above ground: 780

Video & virtual tour

Property

Parking

Total spaces: 4
Details: Off Street Spaces: 4

Features

Levels: Two
Stories: 2
Fencing: None

Lot

Features: Borders National Forest, Level, Many Trees, Secluded

Details

Parcel number: 17328
Special conditions: Standard,Third Party Approval

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame
Roof: Composition

Condition

Year built: 1936

Utilities & green energy

Sewer: Holding Tank

Community & HOA

Community

Subdivision: Payne Gulch

HOA

Has HOA: Yes
Services included: Road Maintenance
HOA fee: $150 annually
HOA name: Payne Gulch HOA
HOA phone: 303-887-6796

Location

Region: Bailey

Financial & listing details

Price per square foot: $160/sqft
Tax assessed value: $91,219
Annual tax amount: $365
Date on market: 5/15/2026
Listing terms: Cash
Exclusions: None, Seller Will Include All Furniture, Fixture And Appliances.
Ownership: Individual

Estimated market value

Not available

Estimated sales range

Not available

$2,077/mo

Price history

Date	Event	Price
8/10/2026	Pending sale	$125,000$160/sqft
Source: REcolorado as distributed by MLS GRID #2468294 Report a problem
6/17/2026	Price change	$125,000-16.7%$160/sqft
Source: REcolorado as distributed by MLS GRID #2468294 Report a problem
5/15/2026	Listed for sale	$150,000$192/sqft
Source: REcolorado as distributed by MLS GRID #2468294 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$338 +1.7%	$6,110 +6.8%
2024	$333 -44.3%	$5,720 -39.8%
2023	$597 +3.7%	$9,500 +0.7%
2022	$576 -6.6%	$9,430 -2.8%
2021	$616 +39.2%	$9,700 +39.2%
2020	$443 -1.8%	$6,970
2019	$451 +7.5%	$6,970 +7.9%
2017	$419 +9.5%	$6,460 +9.5%
2016	$383 -0.8%	$5,900
2015	$386 -2.5%	$5,900
2014	$396 +67.3%	--
2013	$237 +0.5%	$6,270
2012	$236 +6.4%	--
2011	$222	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Climate risks

Neighborhood: 80421

Getting around

0 / 100

Car-Dependent

Nearby schools

GreatSchools rating

7/10
Deer Creek Elementary School
Grades: PK-5Distance: 4.5 mi
8/10
Fitzsimmons Middle School
Grades: 6-8Distance: 2.2 mi
5/10
Platte Canyon High School
Grades: 9-12Distance: 2.2 mi

Schools provided by the listing agent

Elementary: Fitzsimmons
Middle: Platte Canyon
High: Platte Canyon
District: Platte Canyon RE-1

Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.