NOT LISTED FOR SALE

1225 E Montezuma Ave Cortez, CO 81321

Estimated Value: $102,360 - $275,000

0.84 Acre
$224,619 Price per Acre
36,590 Sq Ft Lot

Last Sold April 17, 2023

Last sale price $100,000

Est. 89% increase in value since last sale

Current estimated payment $1,218/month

55 Days on Market

About This Lot

As of April 2023

Prime location on Montezuma Avenue across from the Cortez Recreation Center and City of Cortez City Hall. This level property is zoned residential and can suit a multi-residential complex on .84 acres. Rare opportunity for a property of this type. It may be possible to change the use for the property to commercial depending on the preference of the buyer, and subject to the City's approval.

Last Agent to Sell the Property

Leila Hanson

Century 21 West Slope Realty Listed on: 02/01/2023

Century 21 West Slope Realty

Last Buyer's Agent

Vernon Hoffman

Regents Real Estate Group Inc.

Property Details

Property Type

  • Land

Lot Details

  • 0.84 Acre Lot
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Property is zoned Residential Multi Family

Schools

  • Mesa K-5 Elementary School
  • Cortez 6-8 Middle School
  • Montezuma-Cortez 9-12 High School

Listing and Financial Details

  • Security Deposit $2,000
  • Assessor Parcel Number 561125214004

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Land
  • Em Holder: C-21 West Slope Realty
  • Fronts: Paved Streets
  • Legal Lot Block: Dennison Subdivision, Lot 12-21. Block 2 and part of Lot 22
  • Lot Size Acreage: .5-.99 Acres
  • Parcel Id Number: 561125214004
  • Property Description: Cleared, Corner
  • Street Descriptionaccess: City/Town, Paved, 75'-100' Frontage, 100'-150' Frontage
  • Tax Account Id: R008796
  • Zoning: Residential Multi Family
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Total Acres: 0.84
  • Em Deposit: 2000
  • Mineral Rights: Unknown
  • Topography: Level
  • Price per Sq Ft: 3.14
  • Sewer Tap Avail: Yes
  • Sold Priceacre: 119047.62
  • Water Tap Available: Yes
  • Total Taxes Dollar: 2138
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Utilities

  • Electric Supplier: Empire Electric Association, Inc
  • Gas Supplier: Atmos Energy
  • Water Supplier: City Of Cortez

Schools

  • High School: Montezuma-Cortez 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2021

MLS Schools

  • Elementary School: Mesa K-5
  • Middle School: Cortez 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2023
Closed on
Apr 18, 2023
Sold by
Stone Daren R
Bought by
Stone Daren R and Stone Kathy J
Seller's Agent
Leila Hanson
Century 21 West Slope Realty
Buyer's Agent
Vernon Hoffman
Regents Real Estate Group Inc.
List Price
$115,000
Sold Price
$100,000
Premium/Discount to List
-$15,000
-13.04%
Views
20
Current Estimated Value
$189,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,075
Avg. Annual Appreciation
26.51%

Purchase Details

Listed on
Feb 1, 2023
Closed on
Apr 17, 2023
Sold by
Holm Maria G
Bought by
Stone Daren R and Stone Kathy J
Seller's Agent
Leila Hanson
Century 21 West Slope Realty
Buyer's Agent
Vernon Hoffman
Regents Real Estate Group Inc.
List Price
$115,000
Sold Price
$100,000
Premium/Discount to List
-$15,000
-13.04%
Views
20

Purchase Details

Closed on
Mar 1, 2004
Sold by
Holm Maria G and Holm Katerina G
Bought by
Holm Maria G

Purchase Details

Closed on
Dec 28, 1995
Sold by
Plake John R and Plake John R
Bought by
Holm Maria G and Holm Katerina G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stone Daren R -- None Listed On Document
Stone Daren R $100,000 None Listed On Document
Holm Maria G -- --
Holm Maria G $20,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2023 04/17/23 Sold $100,000 -13.0% --
03/28/2023 03/28/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $115,000 -- --
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 $2,730 $46,469 $46,469 $0
2023 $2,730 $46,469 $46,469 $0
2022 $1,175 $21,219 $21,219 $0
2021 $1,162 $21,219 $21,219 $0
2020 $1,230 $23,341 $23,341 $0
2019 $1,234 $23,341 $23,341 $0
2018 $1,488 $23,340 $23,340 $0
2017 $1,480 $23,340 $23,340 $0
2016 $1,341 $23,340 $23,340 $0
2015 $1,231 $127,170 $0 $0
2014 $1,433 $23,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Leila Hanson

    Seller's Agent in 2023

    Leila Hanson

    Century 21 West Slope Realty

    (970) 749-2789

    24 Total Sales

    Leila Hanson
    Section Image
  • Vernon Hoffman

    Buyer's Agent in 2023

    Vernon Hoffman

    Regents Real Estate Group Inc.

    (970) 749-2151

    98 Total Sales

    Vernon Hoffman
    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 800803

Colorado Real Estate Network (CREN)

APN: R008796

Colorado Montezuma County Cortez 81321

1225 E Montezuma Ave, Cortez, CO

Not Listed for Sale

Lots

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