NOT LISTED FOR SALE

1510 Grand Ave Norwood, CO 81423

Estimated Value: $499,000 - $590,000

6 Beds
5 Baths
5,178 Sq Ft
$104/Sq Ft Est. Value

Last Sold January 15, 2024

Last sale price $470,000 $91 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,441/month

109 Days on Market

About This Home

As of January 2024

Experience an extraordinary commercial/residential opportunity in the vibrant heart of Norwood. This mixed-use property, nestled on a prime downtown corner, unveils unlimited potential. Find the perfect blend of work and living with a captivating work-from-home environment or lucrative tenant leasing options. Or enjoy the advantage of on-site company operations while providing accommodations for employees. The .76-acre lot offers room for expansion and growth. With 6 bedrooms encompassing 2,589 Sqft of residential space and an additional 2,589 Sqft of versatile commercial space, this exceptional property is available below replacement costs. Contact me to arrange an exclusive tour of this exclusive opportunity!

Last Agent to Sell the Property

Daniel Dockray

LIV Sotheby's International Realty - Telluride Listed on: 07/10/2023

LIV Sotheby's International Realty - Telluride

Last Buyer's Agent

Daniel Dockray

LIV Sotheby's International Realty - Telluride Listed on: 07/10/2023

LIV Sotheby's International Realty - Telluride

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,623

Year Built

  • Built in 1973

Lot Details

  • 0.76 Acre Lot
  • Property is zoned Commercial

Home Design

  • 5,178 Sq Ft Home
  • Stick Built Home

Bedrooms and Bathrooms

  • 6 Bedrooms

Schools

  • Norwood K-5 Elementary School
  • Norwood 6-12 Middle School
  • Norwood 6-12 High School

Utilities

  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 429527202015

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,623

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Estimated Total Acres: 0.76
  • Class: RESIDENTIAL
  • Em Deposit: 25000
  • Em Holder: Land Title
  • Legal Lot Block: A TRACT OF LAND IN THE TOWN OF NORWOOD DESC AS FOLLOWS BEG AT A PT 60FT E OF THE NE CORNER BLK 1W MCKEEVERS ADD TO THE T
  • Parcel Id Number: 429527202015
  • Price Per Sq Ft: 90.77
  • Real Estate Included: Yes
  • Realist Id: 429527202015
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 90.77
  • Street Designation: Avenue
  • Zoning: Commercial
  • Type: Stick Built
  • Internet Provider: Spectrum/Charter
  • Internet Service: Yes
  • Total Taxes Dollar: 4,623.28
  • Year Built: 1973
  • Foreign Owned Y N: No
  • Prop Description Remarks: Experience an extraordinary commercial/residential opportunity in the vibrant heart of Norwood. This mixed-use property, nestled on a prime downtown corner, unveils unlimited potential. Find the perfect blend of work and living with a captivating work-from-home environment or lucrative tenant leasing options. Or enjoy the advantage of on-site company operations while providing accommodations for employees. The .76-acre lot offers room for expansion and growth. With 6 bedrooms encompassing 2,589 Sqft of residential space and an additional 2,589 Sqft of versatile commercial space, this exceptional property is available below replacement costs. Contact me to arrange an exclusive tour of this exclusive opportunity!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Estimated Total Sq Ft: 5178
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 5
  • Total Office Den: 0

Utilities

  • Electric Supplier: San Miguel Power Association
  • Gas Supplier: Black Hills Energy
  • Sewer Supplier: Norwood Sanitation District
  • Water Supplier: Town of Norwood

Schools

  • Elementary School: Norwood K-5
  • Middle School: Norwood 6-12
  • High School: Norwood 6-12
  • High School: Norwood 6-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Norwood K-5
  • Middle School: Norwood 6-12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Dec 28, 2023
Sold by
Royer David D and Claassen Maria Elizabeth
Bought by
Three Peaks Holdings Llc
Seller's Agent
Daniel Dockray
LIV Sotheby's International Realty - Telluride
Buyer's Agent
Daniel Dockray
LIV Sotheby's International Realty - Telluride
List Price
$550,000
Sold Price
$470,000
Premium/Discount to List
-$80,000
-14.55%
Views
50
Current Estimated Value
$540,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,590
Avg. Annual Appreciation
19.37%
Original Mortgage
$329,000
Outstanding Balance
$299,931
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$327,281

Purchase Details

Closed on
Mar 17, 2023
Sold by
Royer David D
Bought by
Royer David D and Claassen Maria Elizabeth
Source: Public Records

Range of Values:

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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
Three Peaks Holdings Llc $470,000 Land Title Guarantee Company
Royer David D -- Land Title Guarantee Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Three Peaks Holdings Llc $329,000
Previous Owner Royer David D $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2024 01/15/24 Sold $470,000 -5.1% $91 / Sq Ft
10/27/2023 10/27/23 Pending -- -- --
07/14/2023 07/14/23 Price Changed $495,000 -10.0% $96 / Sq Ft
07/10/2023 07/10/23 For Sale $550,000 -- $106 / 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 $6,213 $104,500 $36,250 $68,250
2023 $1,078 $104,700 $36,320 $68,380
2022 $4,623 $67,730 $36,320 $31,410
2021 $4,674 $70,670 $37,870 $32,800
2020 $1,213 $70,670 $37,870 $32,800
2019 $5,054 $70,670 $37,870 $32,800
2018 $5,546 $74,480 $0 $0
2017 $5,339 $74,480 $37,340 $37,140
2016 $3,655 $52,480 $14,640 $37,840
2015 $3,130 $52,480 $14,640 $37,840
2014 $3,084 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Dockray

    Seller's Agent in 2024

    Daniel Dockray

    LIV Sotheby's International Realty - Telluride

    (970) 708-0666

    215 Total Sales

    Daniel Dockray
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 805655

Colorado Real Estate Network (CREN)

APN: 201-9721235

Colorado San Miguel County Norwood 81423

1510 Grand Ave, Norwood, CO

This home is located at 1510 Grand Ave, Norwood, CO 81423 since 10 July 2023 and is currently estimated at $540,590, approximately $104 per square foot. This property was built in 1973. 1510 Grand Ave is a home located in San Miguel County.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Colorado Real Estate Network (CREN) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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