The market briefing below is the home's full context. Your advisor floats above it — pulling from it, giving you a lens and a few questions — while you drop down into the whole thing whenever you want.
At $425,000 this 1967 ranch asks below the county's $450,627 valuation and right at the online market estimate — a price the seller has cut twice to reach. It owns Stewart Ditch irrigation water and sits a short walk from everything Paonia.
At $425,000 the home asks $281 a square foot. The county values the whole property at $450,627 — above the asking price. The automated market estimate lands at $420,300, almost exactly on the ask. The price sits between two independent numbers rather than above them.
The home went up in October 2025 at $525,000, was cut to $475,000 in January, then to $425,000 in May — a $100,000 reduction over about seven months. A price walked down to meet the market, not held above it.
The listing states the property carries irrigation water from the Stewart Ditch — a ditch share, the kind of owned water that lets a town lot grow food through a dry Western Colorado summer. The state's decree database doesn't return a separate parcel-level right, so confirm seniority and conveyance in the deed and ditch records — but a stated ditch share on a Paonia lot is a real asset.
The soil is a Colona silty clay loam — prime farmland if irrigated, which is exactly what the ditch makes possible. Against the three cost-to-zero tests — owned water, soil that feeds, sun on the roof — this small lot quietly passes all three.
The Stewart Ditch water doesn't surface as a parcel-level decree — confirm seniority, amount and conveyance. The home is 59 years old with original owners since 1967: everything not named as updated is original vintage and wants a full inspection. Zoning isn't on file for this parcel — confirm allowed use with the Town of Paonia.