NOT LISTED FOR SALE

2515 Locust Rd Montrose, CO 81401

Estimated Value: $578,000 - $640,000

4 Beds
2 Baths
2,363 Sq Ft
$256/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $400,000 $169 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,367/month

Highlights

  • Barn
  • RV or Boat Parking
  • Ranch Style House
  • Horses Allowed On Property
  • Mountain View
  • Wood Flooring

About This Home

As of January 2021

PRICE REDUCED! Don't miss this renovated farmhouse situated on 4 acres with irrigation water, outbuildings and views! The home, originally built in 1914, has been beautifully restored to offer the comforts of modern living while maintaining the integrity and charm of a home from the early 1900s. There is room to spread out with 4 bedrooms, 2 bathrooms and plenty of porch space to take in the 360? surrounding views. One of the bedrooms could make the ideal home office with a separate entrance, private porch, and magnificent San Juan Mountain views. The home underwent a permitted addition in 2015-16 adding 2 large bedrooms, remodeling bathrooms and updating the rest of the home cosmetically with new hardwood flooring in addition to bringing the home up to code. Feel secure in the basics with a new electric panel, newer roof, windows, a new 45-gallon hot water heater and updated insulation throughout the home for energy efficiency. Outside you'll step into a yard that offers all the charm with mature landscaping, fruit trees, grape vines and an automatic sprinkler system. The property beyond includes a circular drive offering a convenient turnaround for RVs, trailers, and more. You will also find a detached garage as well as a 36'x70' shop with concrete flooring. The shop leads to a smaller workshop with floor drain and various horse stalls. The property also boasts a functional restored historic 24'x32' barn with new paint and a new roof and a stunning cathedral loft. Horse enthusiasts and hobby farmers will adore this property with multiple pastures, stalls and corrals surrounded with sturdy white pipe fencing. The large pasture is currently irrigated by sprinkler gun system, but can also be watered with included gated pipe. The property is irrigated with 2 shares of water allocated through UVUWA for $250/year. No HOA! Don't miss your chance at this one!

Last Agent to Sell the Property

Jessamy Pressler

NextHome Virtual Listed on: 10/02/2020

NextHome Virtual

Co-Listed By

Jennifer Johnson

NextHome Virtual

Last Buyer's Agent

Bernadette Waltrip

HomeSmart Realty Partners

HomeSmart Realty Partners

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,599

Year Built

  • Built in 1914

Lot Details

  • 4.03 Acre Lot
  • Property is Fully Fenced
  • Pipe Fencing

Home Design

  • Ranch Style House
  • Metal Roof
  • Stick Built Home
  • Stucco

Interior Spaces

  • 2,363 Sq Ft Home
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Den with Fireplace
  • Wood Flooring
  • Mountain Views
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

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

Outdoor Features

  • Separate Outdoor Workshop
  • Shed

Schools

  • Johnson K-5 Elementary School
  • Centennial 6-8 Middle School
  • Montrose 9-12 High School

Farming

  • Barn
  • 2 Irrigated Acres
  • Pasture
  • Cattle
  • Hogs
  • Sheep or Goats

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Corral

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Irrigation Water Rights
  • Gas Water Heater
  • Septic Tank
  • Septic System
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 376723400049

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,599

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Microwave
  • Estimated Irrigation Acres: 2
  • Estimated Total Acres: 4.03
  • Class: RESIDENTIAL
  • Em Deposit: 5000.00
  • Em Holder: Title Company
  • Horse Setup: Yes
  • Interior Inclusions: Window Coverings, Garage Door Opener
  • Legal Lot Block: A tract of Land in the NW1/4 SE1/4 of Section 23, Township 49 North, Range 9 West, New Mexico Principal Meridian, described as BEGINNING at the Southwest corner of said NW1/4 SE1/4; Thence East, 522.25 feet along the South line of said NW1/4 SE1/4 to the
  • List Price per Sq Ft: 190.39
  • Livestock Allowed: Cattle, Horses, Poultry, Sheep, Swine
  • Lot Size Acreage: 2-4.99
  • Parcel Id Number: 376723400049
  • Price Per Sq Ft: 169.28
  • Property Description: Pasture
  • Real Estate Included: Yes
  • Residence Stories: One Story
  • Residence Style: Ranch
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Stucco
  • Sold Price Sq Ft: 169.28
  • Street Descriptionaccess: County, Paved, Gravel
  • Street Designation: Road
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Internet Service: Yes
  • Total Taxes Dollar: 1599.12
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 17

Interior Features

  • Dining Room: Kitchen/Dining
  • Bedrooms: 4
  • Flooring: Hardwood
  • Estimated Total Sq Ft: 2363
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 2
  • Fireplace Location Type: Gas Logs, Living Room, Den/Family Room
  • Foundation: Crawl Space
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Fence: Pipe, Full Property
  • Windows: Double Pane
  • Construction Type: Wood Frame
  • Exterior Structures: Barn, Corral, Garage, Shed, Workshop, RV/Boat Shelter
  • Roof: Metal
  • Views: Mountains

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Natural Gas
  • Cooling: Window A/C Unit(s)
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Fireplace
  • Irrigation Water Description Amount: Approximately 2 shares
  • Irrigation Water District: UVWUA
  • Sewer Supplier: Septic
  • Water Heater: Gas Water Heater
  • Water Rights Irrigation: Yes
  • Water Supplier: City of Montrose

Schools

  • High School: Montrose 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

MLS Schools

  • Elementary School: Johnson K-5
  • Middle School: Centennial 6-8

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Jan 22, 2021
Sold by
Sanchez Johnny Louis
Bought by
Sanchez Ruth A
Seller's Agent
Jessamy Pressler
NextHome Virtual
Buyer's Agent
Bernadette Waltrip
HomeSmart Realty Partners
List Price
$499,000
Sold Price
$400,000
Premium/Discount to List
-$99,000
-19.84%
Current Estimated Value
$605,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,310
Avg. Annual Appreciation
9.05%
Original Mortgage
$351,595
Outstanding Balance
$313,190
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$292,120

Purchase Details

Listed on
Oct 2, 2020
Closed on
Jan 19, 2021
Sold by
Sanchez Ruth A
Bought by
Kitiell Brian A and Kitiell Megan M
Seller's Agent
Jessamy Pressler
NextHome Virtual
Buyer's Agent
Bernadette Waltrip
HomeSmart Realty Partners
List Price
$499,000
Sold Price
$400,000
Premium/Discount to List
-$99,000
-19.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,595
Outstanding Balance
$313,190
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$292,120

Purchase Details

Closed on
Jun 16, 2010
Sold by
Will Perry Lynn and Will Susan M
Bought by
Sanchez John L and Sanchez Ruth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,050
Interest Rate
4.93%

Purchase Details

Closed on
Jun 15, 2010
Sold by
Will Perry Lynn and Will Susan M
Bought by
Sanchez John L and Sanchez Ruth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,050
Interest Rate
4.93%

Purchase Details

Closed on
Aug 15, 2005
Sold by
Williams Charles W
Bought by
Will Perry Lynn and Will Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 1999
Sold by
Williams Charles W and Williams Erma
Bought by
Williams Charles W and Williams Erma

Purchase Details

Closed on
Oct 6, 1992
Sold by
Williams Charles W and Williams Erma
Bought by
Williams Charles W and Williams Erma

Purchase Details

Closed on
Mar 26, 1976
Sold by
East Richard L & East Marjorie J
Bought by
Williams Charles W and Williams Erma
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
Sanchez Ruth A -- --
Kitiell Brian A $400,000 Land Title Guarantee Co
Sanchez John L $275,000 None Available
Sanchez John L $275,000 None Available
Will Perry Lynn $308,000 None Available
Williams Charles W -- --
Williams Charles W -- --
Williams Charles W $37,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kitiell Brian A $351,595
Previous Owner Sanchez John L $284,050
Previous Owner Will Perry Lynn $258,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $400,000 -11.1% $169 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/05/2020 11/05/20 Price Changed $449,900 -5.1% $190 / Sq Ft
10/31/2020 10/31/20 Price Changed $474,000 -5.0% $201 / Sq Ft
10/02/2020 10/02/20 For Sale $499,000 -- $211 / 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 $2,301 $31,920 $5,530 $26,390
2023 $2,301 $36,920 $6,390 $30,530
2022 $1,843 $26,410 $3,910 $22,500
2021 $1,899 $27,180 $4,030 $23,150
2020 $1,589 $23,370 $3,500 $19,870
2019 $1,599 $23,370 $3,500 $19,870
2018 $1,437 $20,470 $2,940 $17,530
2017 $1,426 $20,470 $2,940 $17,530
2016 $1,375 $20,060 $2,830 $17,230
2015 $1,144 $16,990 $2,830 $14,160
2014 $992 $15,750 $2,830 $12,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 775158

Colorado Real Estate Network (CREN)

APN: R0005668