NOT LISTED FOR SALE

12403 Road 23 25 Loop Cortez, CO 81321

Estimated Value: $504,552 - $633,000

3 Beds
2 Baths
1,920 Sq Ft
$300/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $460,000 $240 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,115/month

36 Days on Market

Highlights

  • Horses Allowed On Property
  • Covered Patio or Porch
  • Tongue and Groove Ceiling
  • RV or Boat Parking
  • 2 Car Attached Garage
  • Walk-In Closet

About This Home

As of October 2021

Immaculate home on acreage! Enjoy panoramic views of the valley while you relax in this custom home on 3.04 acres. This 3 bedroom, 2 bath home features aspen ceilings, custom granite, upgraded flooring and custom cabinetry. Secluded in the back corner of the Tularosa subdivision, you'll enjoy outstanding views of the La Plata's, or lounge on the covered front porch and enjoy sunsets behind the Ute. The 27' deep garage allows you to pull in your vehicles and still have ample storage up front. The 1.5 shares of MVI irrigation water allow your animals to enjoy plush green grass on the fenced one acre. A drip irrigation system and in-ground sprinkler system ensure minimal maintenance. This nicely landscaped property includes a side parking area for your RV with 30amp service and a water line. A newly installed 4-Chamber leach field compliments this property. The covered front and back porches allow ample outdoor living space, and you'll have plenty of room to store all your toys. Absolutely beautiful home, be ready to enjoy this amazing property only minutes from town!

Last Agent to Sell the Property

Eric Cheever

Montezuma Real Estate Limited Liability Co. Listed on: 08/05/2021

Last Buyer's Agent

Hilary Priestley

Regents Real Estate Group Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $778

Year Built

  • Built in 2018

Lot Details

  • 3.04 Acre Lot
  • Back Yard Fenced
  • Corners Of The Lot Have Been Marked
  • Sprinkler System
  • Property is zoned Agriculture

Home Design

  • Stick Built Home

Interior Spaces

  • 1,920 Sq Ft Home
  • 1-Story Property
  • Tongue and Groove Ceiling
  • Ceiling Fan
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • RV or Boat Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Propane
  • Irrigation Water Rights
  • Septic Tank
  • Internet Available

Additional Features

  • Covered Patio or Porch
  • 3 Irrigated Acres
  • Horses Allowed On Property

Community Details

  • Property has a Home Owners Association
  • Tularosa Properties HOA

Listing and Financial Details

  • Assessor Parcel Number 561109305014

Home Details

Home Type

Single Family

Est. Annual Taxes

$778

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Appliance Inclusions: Refrigerator, Dishwasher, Disposal, Exhaust Fan, Range/Oven
  • Estimated Irrigation Acres: 3
  • Estimated Total Acres: 3.04
  • Class: RESIDENTIAL
  • Em Deposit: 5000
  • Em Holder: Colorado Title Services
  • Exterior Inclusions: Covered Porch, Irrigation Water, Lawn Sprinklers, Patio
  • Interior Inclusions: Ceiling Fan(s), W/D Hookup, T&G Ceilings, Walk In Closet, Garage Door Opener
  • Legal Lot Block: Subdivision: TULAROSA PROPERTIES NORTH Lot: 14 3.04 AC (NO MIN INT (MC1467) B592 P204
  • List Price per Sq Ft: 239.06
  • Livestock Allowed: Horses
  • Lot Size Acreage: 2-4.99
  • Parcel Id Number: 561109305014
  • Price Per Sq Ft: 239.58
  • Property Description: Corners Marked
  • Real Estate Included: Yes
  • Residence Stories: One Story
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 239.58
  • Street Designation: Loop
  • Zoning: Residential Single Family, Agriculture
  • Type: Stick Built
  • HOA Fees: Yes
  • Internet Provider: Century Link
  • Internet Service: Yes
  • Total Taxes Dollar: 777.68
  • Year Built: 2018
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 17

Interior Features

  • Bedrooms: 3
  • Estimated Total Sq Ft: 1920
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 2
  • Total Office Den: 0

Exterior Features

  • Fence: Fenced - Back

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Cooling: Central A/C
  • Electric Supplier: Empire Electric Association, Inc
  • Gas Supplier: Propane
  • Heating System: Forced Air
  • Irrigation Water Description Amount: 1.5 Shares
  • Irrigation Water District: MVI
  • Sewer Supplier: Septic
  • Water Rights Irrigation: Yes
  • Water Supplier: Montezuma Rural Water Company

Condo/Co-op/Association

  • HOA: Yes
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Tularosa Properties

Schools

  • High School: Montezuma-Cortez 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Oct 19, 2021
Sold by
R C Southwest Development Llc
Bought by
Smith Robert D and Smith Elizabeth A
Seller's Agent
Eric Cheever
Montezuma Real Estate Limited Liability Co.
Buyer's Agent
Hilary Priestley
Regents Real Estate Group Inc.
List Price
$469,000
Sold Price
$460,000
Premium/Discount to List
-$9,000
-1.92%
Current Estimated Value
$575,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,388
Avg. Annual Appreciation
5.54%
Original Mortgage
$368,000
Outstanding Balance
$335,582
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$239,806

Purchase Details

Closed on
Feb 16, 2018
Sold by
Baxstroms Llc
Bought by
Smith Robert D and Smith Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.95%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Smith Robert D $90,000 Colorado Ttl & Closing Svcs
Leven Richard L $460,000 Colorado Ttl & Closing Svcs
Smith Robert D $304,500 Colorado Title & Closing Svc
Baxtroms Llc -- Colorado Title & Closing Svc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leven Richard L $368,000
Closed Smith Robert D $218,334
Previous Owner Smith Robert D $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2021 10/14/21 Sold $460,000 +0.2% $240 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
08/19/2021 08/19/21 Price Changed $459,000 -2.1% $239 / Sq Ft
08/05/2021 08/05/21 For Sale $469,000 -- $244 / 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 $1,175 $25,617 $4,772 $20,845
2023 $1,175 $29,995 $5,588 $24,407
2022 $919 $78,388 $20,358 $58,030
2021 $934 $78,388 $20,358 $58,030
2020 $778 $68,134 $20,358 $47,776
2019 $778 $68,134 $20,358 $47,776
2018 $43 $890 $890 $0
2017 $41 $890 $890 $0
2016 $33 $730 $730 $0
2015 $33 $3,160 $0 $0
2014 $26 $580 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 785481

Colorado Real Estate Network (CREN)

APN: R017770