The village of Ustye is located 16 versts from Vladimir, at the place where the Koloksha River flows into the Klyazma. It was previously called "the pogost of St. Nicholas the Wonderworker at the mouth of the Koloksha River." In the 17th century, according to patriarchal books, there were two wooden churches in the village: one in honor of St. Nicholas the Wonderworker and the other in honor of the prophet Elijah. In 1731, due to its dilapidation, the church of St. Elijah was dismantled and replaced with a new one. Both churches existed until 1802, when the Nicholas church burned down, and the Elijah church was likely dismantled. In the same year, the construction of a stone church began, completed and consecrated in 1805, with a stone bell tower. The church has three altars: one in the cold part in honor of St. Nicholas the Wonderworker and two in the warm chapels, in honor of the Nativity of the Most Holy Theotokos and the prophet Elijah. Among the icons, an ancient icon of St. Nicholas stands out, especially revered by the parishioners.

The metric books from 1800 and the confession registers from 1829 are kept intact. An inventory of church property compiled in 1881 is also preserved in the church. The church owns two stone chapels in the villages of Parfenyevo and Bolshoye Ivankovo, as well as a two-story stone house with an iron roof, where a public zemstvo school has been located on the upper floor since 1876. The church land includes 1 desyatina of 1000 square fathoms of homestead, 26 desyatinas of arable land, 18 desyatinas of haymaking land, and 2 desyatinas of 780 square fathoms of unusable land. There is a plan and boundary book for the land.

According to the staff, there are two priests, a deacon, and two psalmists. The annual income of the clergy amounts to up to 2417 rubles. The clergy's houses are located on church land. The parish includes the village and 18 villages located no more than 7 versts from the church. In total, the parish has 694 households, with 2092 men and 2181 women living in them.