Seller's Agent in 2023
Joni Klein
Coldwell Banker Distinctive Properties
(970) 258-0056
162 Total Sales
1036 and 1038 S 1st St Montrose, CO 81401
Estimated Value: $343,000 - $428,413
3
Beds
2
Baths
1,648
Sq Ft
$234/Sq Ft
Est. Value
Highlights
- RV or Boat Parking
- 1 Car Detached Garage
- Dining Room
About This Home
As of September 2023Welcome to 1036 and 1038 S. 1st Street, Montrose, CO, 81401 - a unique investment opportunity perfect for investors, second home owners, and primary home owners alike! This beautifully renovated, single-family bungalow offers an additional ADU (Accessory Dwelling Unit), providing a versatile living situation with plenty of possibilities for rental income. Nestled on a spacious 6,250 square-foot lot, the main residence features a cozy 2-bedroom, 1-bathroom layout, while the charming ADU above the oversized one-car garage boasts 1 bedroom and 1 bathroom, complete with reclaimed flooring for a touch of character. Both units are equipped with washer and dryer hookups, ensuring convenience and comfort for all occupants. The property's fenced yard and large, welcoming front porch provide the perfect space for relaxation and entertaining, while ample parking and a metal roof on the ADU ensure practicality and durability. This property is ideal for those looking to "house hack" by living in one unit and renting out the other, or for short-term rental possibilities such as renting to traveling nurses, as it's conveniently located close to the hospital. This adorable bungalow and ADU combination presents a fantastic opportunity to invest in the thriving Montrose community. Don't miss your chance to own this charming property and experience the endless possibilities it has to offer. Schedule a showing today and envision your future at 1036 and 1038 S. 1st Street, Montrose, CO, 81401!
Last Agent to Sell the Property
Coldwell Banker Distinctive Properties Listed on: 08/11/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,662
Year Built
- Built in 1910
Lot Details
- 6,098
Home Design
- Stick Built Home
Interior Spaces
- 1,648 Sq Ft Home
- Dining Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- 1 Car Detached Garage
- RV or Boat Parking
Schools
- Johnson K-5 Elementary School
- Centennial 6-8 Middle School
- Montrose 9-12 High School
Additional Features
- 6,098 Sq Ft Lot
- Accessory Dwelling Unit (ADU)
- Internet Available
Community Details
- Loutsenhizer Addn Subdivision
Listing and Financial Details
- Assessor Parcel Number 376727236002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2023
Closed on
Sep 8, 2023
Sold by
Equity Trust Co
Bought by
Jarrett Brittni
Seller's Agent
Joni Klein
Coldwell Banker Distinctive Properties
Buyer's Agent
Joni Klein
Coldwell Banker Distinctive Properties
List Price
$439,900
Sold Price
$425,000
Premium/Discount to List
-$14,900
-3.39%
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,897
Avg. Annual Appreciation
-4.41%
Original Mortgage
$340,000
Outstanding Balance
$332,584
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$53,519
Purchase Details
Closed on
Aug 19, 2011
Sold by
Goodhart William F
Bought by
Equity Trust Company Custodian Fbo Jane
Purchase Details
Closed on
Jul 16, 2004
Sold by
Logan Joy Christina
Bought by
Neely Ronald J
Purchase Details
Closed on
Mar 3, 1997
Sold by
Horner Brandon L
Bought by
Logan Joy Christina
Purchase Details
Closed on
Nov 27, 1995
Sold by
Cooper David L and Cooper Janice R
Bought by
Horner Bridget M and Horner Brandon L
Purchase Details
Closed on
Mar 20, 1990
Sold by
Klaus Karen L
Bought by
Cooper David L and Cooper Janice R
Purchase Details
Closed on
Mar 31, 1988
Sold by
Lay Richard E Conservator Of Lay Carolin
Bought by
Klaus Karen L
Purchase Details
Closed on
Sep 18, 1962
Sold by
Porterfield Minnie E and Mcdonald Mary O
Bought by
Lay William E and Lay Caroline
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jarrett Brittni | $425,000 | Land Title | |
| Equity Trust Company Custodian Fbo Jane | $24,000 | Land Title | |
| Equity Trust Co Custodian Fbo James Cary | $24,000 | Land Title | |
| Neely Ronald J | $110,000 | -- | |
| Logan Joy Christina | $61,900 | -- | |
| Horner Bridget M | $41,000 | -- | |
| Cooper David L | $24,000 | -- | |
| Klaus Karen L | -- | -- | |
| Klaus Karen L | $24,500 | -- | |
| Lay William E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jarrett Brittni | $340,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/11/2023 09/11/23 | Sold | $425,000 | -3.4% | $258 / Sq Ft |
| 08/11/2023 08/11/23 | Pending | -- | -- | -- |
| 08/11/2023 08/11/23 | For Sale | $439,900 | -- | $267 / Sq Ft |
Source: Colorado Real Estate Network (CREN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,396 | $19,600 | $3,100 | $16,500 |
| 2023 | $1,396 | $24,160 | $3,820 | $20,340 |
| 2022 | $1,063 | $15,450 | $2,780 | $12,670 |
| 2021 | $1,096 | $15,900 | $2,860 | $13,040 |
| 2020 | $919 | $13,700 | $2,470 | $11,230 |
| 2019 | $925 | $13,700 | $2,470 | $11,230 |
| 2016 | $810 | $11,990 | $2,010 | $9,980 |
| 2015 | $795 | $11,990 | $2,010 | $9,980 |
| 2014 | $411 | $6,630 | $2,010 | $4,620 |
Source: Public Records
Agents Affiliated with this Home
-
Joni Klein
Map
Source: Colorado Real Estate Network (CREN)
MLS Number: 806914
APN: R0003268
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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