NOT LISTED FOR SALE

1138 S 5th St Montrose, CO 81401

Estimated Value: $286,000 - $318,000

2 Beds
1 Bath
720 Sq Ft
$420/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $265,385 $369 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,647/month

Highlights

  • RV or Boat Parking
  • Eat-In Kitchen
  • Forced Air Heating System
  • Wood Flooring
  • Shed
  • Property is Fully Fenced

About This Home

As of September 2021

Adorable 2 bedroom home in Downtown Montrose, Colorado! This home has all of the charm and character of an older home with tasteful renovations done over the years. Conveniently located within walking distance to Main Street, restaurants, schools, hospital and bike paths. New asphalt roof in 2018, updated plumbing (New PEX, New Vent Stack), also has a proper Outside Main Cleanout. Kitchen remodel with certified asbestos abatement, new subfloor, cabinets and countertops, new appliances, new water heater and gas furnace in 2018. New grass, landscaping and mature fruit trees (Apple, Peach, Cherry, Plum). Property is Zoned R4 - High Density District, and is in the Redevelopment Overlay District (REDO) - Both advantageous for Additional Dwelling Units.

Last Agent to Sell the Property

Jamie Carver

NextHome Virtual Listed on: 07/30/2021

NextHome Virtual

Last Buyer's Agent

Diana Atha

Keller Williams Colorado West Realty

Keller Williams Colorado West Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $645

Year Built

  • Built in 1946 | Remodeled in 2018

Lot Details

  • 6,273 Sq Ft Lot
  • Property is Fully Fenced

Parking

  • RV or Boat Parking

Home Design

  • 720 Sq Ft Home
  • Stick Built Home

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed

Schools

  • Johnson K-5 Elementary School
  • Centennial 6-8 Middle School
  • Montrose 9-12 High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 376727403002

Home Details

Home Type

Single Family

Est. Annual Taxes

$645

Year Built

Built in 1946 | Remodeled in 2018

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Disposal
  • Estimated Total Acres: 0.144
  • Class: RESIDENTIAL
  • Em Deposit: 3000
  • Em Holder: Fidelity Title Co
  • Exterior Inclusions: Shed/Storage
  • Legal Lot Block: SUBD: LOUTSENHIZER ADDN BLOCK: 106 LOT: 3 AND:- LOT: 4 S: 27 T: 49 R: 9
  • List Price per Sq Ft: 354.17
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 376727403002
  • Price Per Sq Ft: 368.59
  • Real Estate Included: Yes
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 368.59
  • Street Descriptionaccess: City/Town, Paved
  • Street Designation: Street
  • Tax Account Id: R0003050
  • Type: Stick Built
  • Internet Provider: Elevate
  • Internet Service: Yes
  • Total Taxes Dollar: 645.44
  • Year Built: 1946
  • Year Renovated: 2018
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Eat-in Kitchen
  • Bedrooms: 2
  • Flooring: Hardwood, Tile
  • Estimated Total Sq Ft: 720
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 1
  • Main Level Sq Ft: 720
  • Total Office Den: 0

Exterior Features

  • Fence: Full Property
  • Exterior Structures: Shed

Utilities

  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Forced Air
  • Sewer Supplier: City of Montrose
  • Water Supplier: City of Montrose

Schools

  • High School: Montrose 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

MLS Schools

  • Elementary School: Johnson K-5
  • Middle School: Centennial 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Sep 30, 2021
Sold by
Thomas Michale R and Thomas Amalia K
Bought by
Merrell Erik Sean and Merrell Shawna Renae
Seller's Agent
Jamie Carver
NextHome Virtual
Buyer's Agent
Diana Atha
Keller Williams Colorado West Realty
List Price
$255,000
Sold Price
$265,385
Premium/Discount to List
$10,385
4.07%
Current Estimated Value
$302,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,693
Avg. Annual Appreciation
3.23%
Original Mortgage
$116,769
Outstanding Balance
$106,482
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$195,596

Purchase Details

Closed on
Jun 8, 2018
Sold by
Ncm Acquisitions Llc
Bought by
Thomas Michael R and Thomas Amalia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,614,664
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2018
Sold by
Nguyen Tammy
Bought by
Ncm Acqusitions Llc

Purchase Details

Closed on
Nov 15, 2007
Sold by
Smith Kim N
Bought by
Nguyen Tammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 1990
Sold by
Soderquist Andrew A Pr Est Of Helen M So
Bought by
Smith Alyce Mae

Purchase Details

Closed on
Feb 22, 1952
Sold by
Steele George E and Steele Eva L
Bought by
Soderquist John T and Soderquist Helen M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Merrell Erik Sean $265,385 Fidelity National Title
Thomas Michael R $159,888 Land Title Guarantee Co
Ncm Acqusitions Llc -- None Available
Nguyen Tammy $125,000 First American Heritage Titl
Smith Alyce Mae -- --
Soderquist John T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merrell Erik Sean $116,769
Previous Owner Thomas Michael R $1,614,664
Previous Owner Nguyen Tammy $118,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $265,385 +4.1% $369 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $255,000 -- $354 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

Source: Public Records

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 $788 $11,070 $2,760 $8,310
2023 $788 $14,450 $3,820 $10,630
2022 $643 $9,350 $2,780 $6,570
2021 $663 $9,620 $2,860 $6,760
2020 $560 $8,340 $2,470 $5,870
2019 $563 $8,340 $2,470 $5,870
2018 $433 $6,250 $1,990 $4,260
2017 $429 $6,250 $1,990 $4,260
2016 $431 $6,380 $2,010 $4,370
2015 $423 $6,380 $2,010 $4,370
2014 $366 $5,900 $2,010 $3,890
Source: Public Records

Agents Affiliated with this Home

  • Jamie Carver

    Seller's Agent in 2021

    Jamie Carver

    NextHome Virtual

    (970) 275-6731

    36 Total Sales

    Jamie Carver
    Section Image
  • Diana Atha

    Buyer's Agent in 2021

    Diana Atha

    Keller Williams Colorado West Realty

    (970) 417-9375

    465 Total Sales

    Diana Atha
    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 785228

Colorado Real Estate Network (CREN)

APN: R0003050

Colorado Montrose County Montrose 81401

1138 S 5th St, Montrose, CO

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.

Colorado Real Estate Network (CREN) 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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