NOT LISTED FOR SALE

1221 & 1221 1/2 S 3rd St Montrose, CO 81401

Estimated Value: $503,000 - $614,000

4 Beds
3 Baths
2,474 Sq Ft
$224/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $579,000 $234 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,097/month

Highlights

  • Accessory Dwelling Unit (ADU)
  • Victorian Architecture
  • Forced Air Heating System
  • Main Floor Primary Bedroom
  • Shed
  • Evaporated cooling system

About This Home

As of September 2022

Rare investment opportunity in the heart of downtown Montrose, Colorado with 2 homes on 3 city lots! The property has been tastefully renovated to include a detached 657 sq ft ADU, perfect for additional rental income or to be used as a guest home for visitors. The additional dwelling unit has a full sized kitchen, washer/dryer, tiled shower, t&g pine ceiling, recessed lighting, bedroom with closet, and private outdoor space. The main home boasts a kitchen renovation to include vaulted ceilings, recessed lighting, gas range, engineered red oak flooring, new cabinets and appliances, an eight foot butcher block island, separate coffee bar, and open shelving. The endless counter space and open floor plan make the kitchen and living room space a dream come true for hosting gatherings. The entertainment extends outside to the back and sides with a fenced yard, new grass, mulched beds, hot tub, and plenty of privacy. Enjoy the lovely shade trees in the front yard from your adorable porch. Just steps away is a wonderful sidewalk system allowing for nice morning, afternoon, and evening strolls. With distance from the busier roads but impeccable proximity to the downtown shops and restaurants, bike paths, schools, churches and hospital, you have it all with this location. The two homes have separate utilities running to each house on individual meters, separate water and sewer taps and new sewer lines to both homes, making the ease of rental a breeze. In addition to all the updates the sellers have made, a brand new 30-year roof will be completed on the home before the end of August. If one-of-a-kind homes in downtown Montrose are what you've been searching for, schedule your home tour today!

Last Agent to Sell the Property

Jamie Carver

NextHome Virtual Listed on: 06/29/2022

NextHome Virtual

Last Buyer's Agent

Jamie Carver

NextHome Virtual Listed on: 06/29/2022

NextHome Virtual

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,626

Year Built

  • Built in 1912 | Remodeled in 2020

Lot Details

  • 9,583 Sq Ft Lot
  • Privacy Fence

Home Design

  • Victorian Architecture
  • Concrete Foundation
  • Stick Built Home

Interior Spaces

  • 2,474 Sq Ft Home
  • 1.5-Story Property
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Schools

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

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Internet Available

Additional Features

  • Shed
  • Accessory Dwelling Unit (ADU)

Listing and Financial Details

  • Assessor Parcel Number 376727109007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,626

Year Built

Built in 1912 | Remodeled in 2020

Lot Details

0

Listing Details

  • Additional Living Quarters: Yes
  • Estimated Total Acres: 0.22
  • Class: RESIDENTIAL
  • Em Deposit: 5,000
  • Em Holder: Fidelity National Title
  • Legal Lot Block: LOUTSENHIZER ADDN Block: 112 Lot: 17 THRU:- Lot: 19
  • Listed In Other Class: Yes
  • List Price per Sq Ft: 234.03
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 376727109007
  • Price Per Sq Ft: 234.03
  • Real Estate Included: Yes
  • Residence Stories: 1.5 Story
  • Residence Style: Victorian
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 234.03
  • Street Descriptionaccess: City/Town
  • Street Designation: Street
  • Tax Account Id: 001000
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Additional Living Type: Guest Home
  • Internet Provider: Elevate
  • Internet Service: Yes
  • Total Taxes Dollar: 1625.52
  • Year Built: 1912
  • Year Renovated: 2020
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 18

Interior Features

  • Bedrooms: 4
  • Estimated Total Sq Ft: 2474
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 3
  • Foundation: Basement-dug out, Concrete
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Fence: Privacy
  • Exterior Structures: Guest House, Shed

Utilities

  • Cooling: Evaporative Cooler
  • 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: 2022

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Sep 1, 2022
Sold by
Gregory Burke-Betzing Forrest
Bought by
Mijares Scott F and Mijares Juli A
Seller's Agent
Jamie Carver
NextHome Virtual
Buyer's Agent
Jamie Carver
NextHome Virtual
List Price
$579,000
Sold Price
$579,000
Current Estimated Value
$554,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,934
Avg. Annual Appreciation
-1.39%

Purchase Details

Closed on
Apr 8, 2019
Sold by
Burke Colleen E and Aller Colleen E
Bought by
Burke Betzing Forrest Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.3%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 30, 2014
Sold by
Hobbs James Adam and Hobbs Trina Kathleen
Bought by
Burke Colleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,285
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2010
Sold by
Moudene Rosa P
Bought by
Hobbs James Adam and Hobbs Trina Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,890
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2006
Sold by
Pase Charles P and Pase Shirley M
Bought by
Moudene Rosa P

Purchase Details

Closed on
Jun 30, 2005
Sold by
Hammit Roberta M
Bought by
Pase Charles P and Pase Shirley M

Purchase Details

Closed on
Nov 20, 1986
Sold by
Jackson Robert D Pr Est Of Jackson Harri
Bought by
Hammit Harold C and Hammit Roberta M

Purchase Details

Closed on
Apr 18, 1947
Sold by
Schiller Edea B
Bought by
Jackson Harriet Gladys
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
Mijares Scott F $579,000 --
Burke Betzing Forrest Gregory $285,000 Land Title Guarantee Co
Burke Colleen E $185,500 Land Title Guarantee Co
Hobbs James Adam $169,500 Land Title Guarantee Company
Moudene Rosa P $177,000 None Available
Pase Charles P $165,400 Security Title
Hammit Harold C $48,000 --
Jackson Harriet Gladys -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burke Betzing Forrest Gregory $275,000
Previous Owner Burke Colleen E $189,285
Previous Owner Hobbs James Adam $172,890
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2022 09/01/22 Sold $579,000 0.0% $234 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $579,000 0.0% $234 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $579,000 0.0% $234 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/29/2022 06/29/22 For Sale $579,000 -- $234 / 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 $2,289 $32,150 $3,800 $28,350
2023 $2,289 $37,180 $4,400 $32,780
2022 $1,623 $23,580 $3,200 $20,380
2021 $1,672 $24,260 $3,290 $20,970
2020 $1,373 $20,470 $2,840 $17,630
2019 $1,382 $20,470 $2,840 $17,630
2015 $980 $14,780 $2,310 $12,470
2014 $786 $12,680 $2,310 $10,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 795584

Colorado Real Estate Network (CREN)

APN: R0003837