$335,000

145 S Madison St Cortez, CO 81321

Estimated payment $1,909/month

Total Views 29
6 Beds
3 Baths
2,489 Sq Ft
$135 Price per Sq Ft

About This Home

This home is located at 145 S Madison St, Cortez, CO 81321 and is currently priced at $335,000, approximately $134 per square foot. This property was built in 1923. 145 S Madison St is a home located in Montezuma County with nearby schools including Montezuma-Cortez High School, Children's Kiva Montessori School, and Children's Kiva Montessori Preschool & Kindergarten.

Listing Agent

Cody Wells

Xtrov Listed on: 05/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,003

Year Built

  • Built in 1923

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,489 Sq Ft Home
  • Multi-Level Property
  • Crawl Space

Parking

  • Off-Street Parking
  • 2 - 10 Parking Spaces

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 561126406006

Community Details

Overview

  • 2 Units
  • F R Coffins Addition Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,003

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Estimated Total Acres: 0.16
  • Class: Multifamily
  • Em Deposit: 5000
  • Em Holder: Title Company
  • Legal Lot Block: Lot: 11-12 Block: 14 B509 P454 B512 P408 R/488651
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 561126406006
  • Price Per Sq Ft: 134.59
  • Sale/Rent: For Sale
  • Siding: Wood
  • Street Descriptionaccess: City/Town
  • Street Designation: Street
  • Tax Account Id: R010009
  • Zoning: Residential Multi Family
  • Domestic Water Sewer: City Water, City Sewer
  • Heating Fuelsystem: Natural Gas, Forced Air
  • Metered: Metered for Electricity, Metered for Gas
  • Multi Story: Yes
  • Property Mngr: Xtrov
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Water Meters: 1
  • Type: Duplex
  • Total Taxes Dollar: 1003.20
  • Year Built: 1923
  • Prop Description Remarks: Great investment property with two homes giving a wise investor strong rental income. Very close to shopping and parks giving tenants great access to all Cortez has to offer. With the consistent rental demand that we see here in Cortez, this is an incredible opportunity to own a cash-flowing asset in a strong market.
  • Subdv Name: F R Coffins Addition
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Estimated Total Sq Ft: 2489
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 3
  • Foundation: Slab, Crawl Space
  • Total Office Den: 0

Exterior Features

  • Roof: Composition

Garage/Parking

  • Parking: Off Street, 2-10 Total Spaces

Utilities

  • Electric Supplier: Empire Electric Association, Inc
  • Gas Supplier: Atmos Energy
  • Sewer Supplier: Cortez Sanitation District
  • Water Supplier: City of Cortez

Schools

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

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Multi Family

  • No. of Units: 2

Tax Info

  • Tax Year: 2024

MLS Schools

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

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,003 $19,523 $2,022 $17,501
2023 $1,003 $23,901 $2,475 $21,426
2022 $862 $17,820 $1,130 $16,690
2021 $877 $17,820 $1,130 $16,690
2020 $706 $14,908 $1,243 $13,665
2019 $708 $14,908 $1,243 $13,665
2018 $614 $9,630 $1,120 $8,510
2017 $611 $9,630 $1,120 $8,510
2016 $905 $15,760 $1,240 $14,520
2015 $831 $229,530 $0 $0
2014 $968 $15,760 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 For Sale $335,000 -- $135 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- First American Title
Special Warranty Deed $180,000 Colorado Ttl & Closing Svcs
Warranty Deed $157,500 Colorado Title & Closing Svc
Interfamily Deed Transfer -- None Available
Deed -- --
Deed $51,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $118,125 New Conventional
Source: Public Records

Source: Colorado Real Estate Network (CREN)

MLS Number: 823954

Colorado Real Estate Network (CREN)

APN: R010009