NOT LISTED FOR SALE

21661 Highway 550 Montrose, CO 81403

Estimated Value: $673,000 - $1,059,000

2 Beds
1 Bath
1,471 Sq Ft
$546/Sq Ft Est. Value

Last Sold October 29, 2014

Last sale price $360,000 $245 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $4,461/month

34 Days on Market

Highlights

  • Barn
  • Orchard
  • Farmhouse Style Home
  • Deck
  • Wooded Lot
  • 2 Car Detached Garage

About This Home

As of October 2014

This unique, 8 acre heirloom farm between Montrose and Ridgway, offers great potential for an ambitious owner to expand the current use and fulfill that dream of either self sufficiency or an income producing operation. Currently, abundant priority water rights create a lush environment and sustain a wide variety of fruit trees, including 22 varieties of heirloom apples, 4 varieties of heirloom pears, 5 of peaches, plums, apricots, cherries, currants, Carpathian walnuts, Turkish hazel nuts, raspberries, gooseberries, Oregon blackberries and more. Wildlife fence around the perimeter. The soil is rich and deep and there is plenty of pasture for horses or livestock. No chemicals have been used in 30+ years, so there is good potential for a Certified Organic certification. Improvements include a well maintained farm house/cottage, a 39 foot dome home, a 45 foot dome studio with lots of potential uses, a 30 x 36 steel barn/shop, two green houses and other out buildings. For more information and photos go to heirloomfarm.coyotekiva.org

Last Agent to Sell the Property

Randy Gregory

RE/MAX Cimarron Realty Listed on: 07/23/2014

RE/MAX Cimarron Realty

Last Buyer's Agent

Randy Gregory

RE/MAX Cimarron Realty Listed on: 07/23/2014

RE/MAX Cimarron Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,398

Year Built

  • Built in 1935

Lot Details

  • 8 Acre Lot
  • Property is Fully Fenced
  • Landscaped
  • Level Lot
  • Orchard
  • Cleared Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Farmhouse Style Home
  • Ranch Property
  • Concrete Foundation
  • Asphalt Roof

Interior Spaces

  • 1,471 Sq Ft Home
  • 1-Story Property
  • Drapes & Rods
  • Basement
  • Basement Cellar
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed

Additional Homes

  • Accessory Dwelling Unit (ADU)
  • ADU includes 3 Bedrooms and 2 Bathrooms

Schools

  • Cottonwood K-5 Elementary School
  • Columbine 6-8 Middle School
  • Montrose 9-12 High School

Farming

  • Barn
  • 7 Irrigated Acres
  • Pasture

Utilities

  • Hot Water Baseboard Heater
  • Irrigation Water Rights
  • Water Heater
  • Septic System
  • Phone Available

Listing and Financial Details

  • Security Deposit $10,000
  • Assessor Parcel Number 399336300005

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,398

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Additional Living Quarters: Yes
  • Appliance Inclusions: Refrigerator, Washer, Dryer, Microwave
  • Class: Farmranch
  • Em Holder: Land Title Guarantee
  • Exterior Inclusions: Deck, Landscaped
  • Interior Inclusions: Drapes, W/D Hookup
  • Legal Lot Block: lengthy, call agent
  • Parcel Id Number: 399336300005
  • Price Per Sq Ft: 244.73
  • Property Description: Pastures, Wooded Lot, Cleared
  • Residence Stories: One Story
  • Residence Style: Farm House
  • Sold Price Sq Ft: 244.73
  • Street Descriptionaccess: Paved, State Highway
  • Tax Account Id: 001090
  • Zoning: Residential Single Family
  • Domestic Sewer: Septic
  • Domestic Water: Public
  • Property Type: Residential/Single Family
  • Type: With Residence
  • Estimated Irrigation Acres: 7
  • Estimated Total Acres: 8
  • Estimated Total Sq Ft: 1471
  • Current Property Use: Orchard
  • Em Deposit: 10,000
  • Possible Property Use: Horses
  • Water Rights Irrigation: Yes
  • Adjudicated Yn: Yes
  • Annual Irrigation Cost: 175
  • Barn Yn: Yes
  • Can Be Subdivided: Unknown
  • Dwelling 2 Bathrooms: 2
  • Dwelling 2 Bedrooms: 3
  • Dwelling2 Year Built: 1985
  • Garage Yn: Yes
  • Improvementsstructures: Equipment Shed
  • Irrigation Systemrights: Pump, Deeded Water, Gated Pipe
  • Irr Water Descamnt: .7 shares
  • Mineral Rights: Unknown
  • Pasture: Yes
  • Topography: Level
  • Total Taxes Dollar: 1398
  • Year Built: 1935
  • Prop Description Remarks: This unique, 8 acre heirloom farm between Montrose and Ridgway, offers great potential for an ambitious owner to expand the current use and fulfill that dream of either self sufficiency or an income producing operation. Currently, abundant priority water rights create a lush environment and sustain a wide variety of fruit trees, including 22 varieties of heirloom apples, 4 varieties of heirloom pears, 5 of peaches, plums, apricots, cherries, currants, Carpathian walnuts, Turkish hazel nuts, raspberries, gooseberries, Oregon blackberries and more. Wildlife fence around the perimeter. The soil is rich and deep and there is plenty of pasture for horses or livestock. No chemicals have been used in 30+ years, so there is good potential for a Certified Organic certification. Improvements include a well maintained farm house/cottage, a 39 foot dome home, a 45 foot dome studio with lots of potential uses, a 30 x 36 steel barn/shop, two green houses and other out buildings. For more information and photos go to heirloomfarm.coyotekiva.org
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1177
  • Year Built: 1935

Interior Features

  • Bedrooms: 2
  • Flooring: Carpet, Vinyl
  • Foundation: Basement, Concrete
  • Total Bathrooms: 1
  • Basement: Cellar

Exterior Features

  • Fence: Full Property
  • Roof: Asphalt

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Capacity: 2

Utilities

  • Utilities: Electricity, Phone
  • Electric Supplier: San Miguel Power Association
  • Gas Supplier: Sourcegas
  • Heating System: Hot Water Baseboard
  • Irrigation Water District: Ouray Ditch Company
  • Water Heater: Electric Water Heater
  • Water Supplier: Tri-County Water Conservancy

Schools

  • High School: Montrose 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2013

MLS Schools

  • Elementary School: Cottonwood K-5
  • Middle School: Columbine 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2014
Closed on
Oct 29, 2014
Sold by
Martin Mary Joy
Bought by
May Amy L
Seller's Agent
Randy Gregory
RE/MAX Cimarron Realty
Buyer's Agent
Randy Gregory
RE/MAX Cimarron Realty
List Price
$362,000
Sold Price
$360,000
Premium/Discount to List
-$2,000
-0.55%
Current Estimated Value
$803,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$443,429
Avg. Annual Appreciation
7.54%
Original Mortgage
$252,000
Outstanding Balance
$194,805
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$608,624

Purchase Details

Closed on
Jun 7, 2006
Sold by
Martin Peter C and Joyce Martin M
Bought by
Martin Mary Joy

Purchase Details

Closed on
Apr 7, 1993
Sold by
Martin Peter C and Joyce Martin M
Bought by
Martin Peter C and Joyce Martin M

Purchase Details

Closed on
Aug 15, 1978
Sold by
Martinson Parker E and Martinson Sharon K
Bought by
Martin Peter C and Joyce Martin M
Source: Public Records

Range of Values:

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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
May Amy L $360,000 Land Title Guarantee
Martin Mary Joy -- None Available
Martin Peter C -- --
Martin Peter C $66,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open May Amy L $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2014 10/29/14 Sold $360,000 -0.6% $245 / Sq Ft
08/26/2014 08/26/14 Pending -- -- --
07/23/2014 07/23/14 For Sale $362,000 -- $246 / 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 $2,819 $39,590 $12,570 $27,020
2023 $2,819 $44,660 $14,250 $30,410
2022 $2,114 $30,720 $9,560 $21,160
2021 $2,178 $31,600 $9,830 $21,770
2020 $1,848 $27,540 $8,940 $18,600
2018 $1,562 $22,570 $6,430 $16,140
2017 $1,550 $22,570 $6,430 $16,140
2016 $1,555 $23,020 $6,460 $16,560
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Randy Gregory

    RE/MAX

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 696684

Colorado Real Estate Network (CREN)

APN: R0005715

Colorado Montrose County Montrose 81403

21661 Highway 550, Montrose, CO

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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