$40,000
SOLD SEP 25, 2025

1418 Balsam St Cortez, CO 81321

1 Acre
$40,000 Price per Acre
43,560 Sq Ft Lot

Recently Sold

20% Below List Price

99 Days on Market

About This Lot

As of September 2025

Large 1.0 acre Residential Lot! Currently zoned R1 but could possibly changed to R2 as there is a series of duplex apartments to the south. Zoning change would need City of Cortez approval. Currently 2 Cortez Sanitation sewer lines run through the parcel, buyer would need to confirm potential building plans with the City of Cortez and the Cortez Sanitation District. The Sanitation District could confirm the sewer line locations. The seller believes the lot is split into approximately 3 even pieces. With a zoning change, could possibly build 3 duplexes. May be possible to subdivide into 3 lots. Any potential plans would need approval by the City of Cortez and the Sanitation District.

Last Agent to Sell the Property

David Lamke

Summit Vista Realty, LLC Listed on: 05/12/2025

Co-Listed By

Stan Pierce

Summit Vista Realty, LLC

Last Buyer's Agent

Katy Samora

Regents Real Estate Group Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $557

Lot Details

  • 1 Acre Lot
  • Level Lot

Schools

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

Additional Features

  • Mountain Views
  • Phone Available

Community Details

  • Montezuma Heights Subdivision

Listing and Financial Details

  • Security Deposit $500
  • Assessor Parcel Number 561124117004

Property Details

Property Type

Land

Est. Annual Taxes

$557

Lot Details

0

Listing Details

  • Class: Land
  • Em Holder: MonDo Title Co
  • Legal Lot Block: SUBDIVISION: MONTEZUMA HEIGHTS TRACT: B3 W/2 TR B3; 1.0AC B715 P191 R/476702 R/471397
  • Lot Size Acreage: 1-5 Acres
  • Parcel Id Number: 561124117004
  • Street Descriptionaccess: City/Town, Paved, Public
  • Street Designation: Street
  • Tax Account Id: R007867
  • Zoning: Residential Single Family
  • Domestic Sewer: Sewer Tap Available
  • Domestic Water: Public
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Total Acres: 1
  • Current Property Use: Residential Single Family
  • Em Deposit: 500.00
  • Possible Property Use: Residential Single Family
  • Mineral Rights: Unknown
  • Topography: Level
  • Price per Sq Ft: 1.15
  • Sewer Tap Avail: Yes
  • Sold Priceacre: 40000
  • Water Tap Available: Yes
  • Total Taxes Dollar: 556.88
  • Prop Description Remarks: Large 1.0 acre Residential Lot! Currently zoned R1 but could possibly changed to R2 as there is a series of duplex apartments to the south. Zoning change would need City of Cortez approval. Currently 2 Cortez Sanitation sewer lines run through the parcel, buyer would need to confirm potential building plans with the City of Cortez and the Cortez Sanitation District. The Sanitation District could confirm the sewer line locations. The seller believes the lot is split into approximately 3 even pieces. With a zoning change, could possibly build 3 duplexes. May be possible to subdivide into 3 lots. Any potential plans would need approval by the City of Cortez and the Sanitation District.
  • Subdv Name: Montezuma Heights
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Views: Mountains

Utilities

  • Utilities: Electricity Near, Phone Near, Natural Gas Near
  • 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: 2024

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2025
Closed on
Sep 25, 2025
Sold by
Dob Llc
Bought by
Gustamantes Dominic
Seller's Agent
David Lamke
Summit Vista Realty, LLC
Buyer's Agent
Katy Samora
Regents Real Estate Group Inc.
List Price
$50,000
Sold Price
$40,000
Premium/Discount to List
-$10,000
-20%
Views
112

Purchase Details

Closed on
Apr 9, 2004
Sold by
Leighton Larry
Bought by
Dob Llc

Purchase Details

Closed on
Sep 14, 1995
Sold by
Safeco Insurance Co Of
Bought by
Piute Inc
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 Type Sale Price Title Company
Special Warranty Deed $40,000 None Listed On Document
Deed -- --
Deed -- --
Deed -- --
Deed $150,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2025 09/25/25 Sold $40,000 -20.0% --
08/19/2025 08/19/25 Pending -- -- --
05/12/2025 05/12/25 For Sale $50,000 -- --
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 $557 $9,483 $9,483 $0
2023 $557 $9,483 $9,483 $0
2022 $525 $9,483 $9,483 $0
2021 $519 $9,483 $9,483 $0
2020 $900 $17,069 $17,069 $0
2019 $902 $17,069 $17,069 $0
2018 $1,088 $17,070 $17,070 $0
2017 $1,083 $17,070 $17,070 $0
2016 $981 $17,070 $17,070 $0
2015 $900 $93,000 $0 $0
2014 $1,048 $17,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Lamke

    Seller's Agent in 2025

    David Lamke

    Summit Vista Realty, LLC

    (970) 759-2612

    45 Total Sales

    David Lamke
    Section Image

  • S

    Seller Co-Listing Agent in 2025

    Stan Pierce

    Summit Vista Realty, LLC

    35 Total Sales

    Stan Pierce
    Section Image

  • K

    Buyer's Agent in 2025

    Katy Samora

    Regents Real Estate Group Inc.

    (970) 460-8074

    1 Total Sale

    Katy Samora
    Section Image
See All Agents

Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 823996

Colorado Real Estate Network (CREN)

APN: R007867

Colorado Montezuma County Cortez 81321

1418 Balsam St, Cortez, CO

Sold

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