NOT LISTED FOR SALE

2918 1/2 Formay Ave Grand Junction, CO 81504

Northeast Grand Junction Neighborhood

Estimated Value: $291,000 - $309,517

3 Beds
2 Baths
1,250 Sq Ft
$241/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $250,000 $200 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,692/month

20 Days on Market

Highlights

  • Ranch Style House
  • Formal Dining Room
  • Eat-In Kitchen
  • Covered Patio or Porch
  • 1 Car Attached Garage
  • Living Room

About This Home

As of December 2023

Opportunity awaits! Located less than 10 minutes from downtown and CMU, this home offers 3 bedrooms, 2 bathrooms, RV parking, and no HOA! The huge backyard comes with two shares of irrigation water and includes a large storage shed providing ample space for storing tools, equipment, or outdoor gear. Don't miss the opportunity to put your personal touches on this home and make it yours. Schedule a showing today!

Last Agent to Sell the Property

MCKENNA GERSHON

RE/MAX 4000, INC License #FA100093889 Listed on: 10/17/2023

RE/MAX 4000, INC

Co-Listed By

Jim Brunswick

RE/MAX 4000, INC License #FA40046549

Last Buyer's Agent

Derek Irick

BRAY REAL ESTATE License #FA100081113

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,246

Year Built

  • Built in 1974

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 143x65
  • Chain Link Fence
  • Landscaped
  • Sprinkler System

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,250 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Formal Dining Room
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Walk-in Shower

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Evaporated cooling system
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 2943-083-01-003
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,246

Year Built

Built in 1974

Lot Details

0

Listing Details

  • 3 Phase: Unknown
  • Estimated Irrigation Acres: 0.21
  • Estimated Main Sq Ft: 1250
  • Bathroom Level: M-Main Level
  • Bedroom 2 Conforming: Yes
  • Bedroom 2 Level: Main
  • Bedroom 2 Size: 15x10
  • Bedroom 3 Conforming: Yes
  • Bedroom 3 Level: Main
  • Bedroom 3 Size: 10x10
  • Construction: Wood Frame
  • Current Use: Residential
  • Dining Rm Lvl: Main
  • Dining Rm Size: 11x10
  • Dining Rm Type: Formal
  • Elevation: 4650
  • Exterior Features: Shed
  • Fronts: S
  • Gas Company: Xcel
  • Heating Type: Baseboard, Hot Water, Natural Gas
  • How Built: Site Built
  • Irrig District: GVI
  • Irrig Water: Yes
  • Kitchen Lvl: Main
  • Laundry Rm Location: Hall/Closet
  • Laundry Rm Lvl: Main
  • Laundry Rm Size: 6x3
  • Living Rm Lvl: Main
  • Living Rm Size: 18x12
  • Lot Dimensions: 143x65
  • Lvt Date: 11/01/2023
  • Master Bdrm Conforming: Yes
  • Master Bdrm Lvl: Main
  • Master Bdrm Size: 13x12
  • Bedrooms: 3
  • Patio Deck: Patio-Covered
  • Property Type: Residential
  • Real Estate Incl: Yes
  • Sewer: Sewer Installed
  • Sewer Company: City Of Gj
  • Street Desc Access: Paved
  • Style: Ranch
  • Taxes: 1246.19
  • Tax Year: 2023
  • Total Acres: 0.21
  • Total Apx Sq Ft: 1250
  • Type: Single Family
  • Water: City Water
  • Zoning: RES
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2010

Interior Features

  • Kitchen Size: 12x10
  • Bathroom Description: Full, 3/4
  • Appliances: Dishwasher, Range Hood, Refrigerator
  • Basement Foundation: Slab
  • Eating Space: Yes
  • Floor: Carpet, Laminate, Tile, Wood Laminate
  • Interior Amenities: Ceiling Fan(s), Walk-In Shower
  • Bathrooms: 2

Exterior Features

  • Fence: Chain Link
  • Landscaping: Landscaped Front, Sprinklers All
  • Exterior Siding: Vinyl
  • Roof: Asphalt Composition

Garage/Parking

  • Garage Type: Attached Garage
  • Garage Capacity: 1

Utilities

  • Cooling Type: Evaporative Cooler
  • Electric Company: Xcel
  • Water Company: Ute

Lot Info

  • Lot Description: 0' - 75' Frontage
  • Lot Size: A: 0-0.24
  • Parcel Number: 2943-083-01-003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Dec 22, 2023
Sold by
Watts Brian Joseph
Bought by
Piper Madeleine Joelle
Seller's Agent
MCKENNA GERSHON
RE/MAX 4000, INC
Buyer's Agent
Derek Irick
BRAY REAL ESTATE
List Price
$255,000
Sold Price
$250,000
Premium/Discount to List
-$5,000
-1.96%
Views
51
Current Estimated Value
$300,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,629
Avg. Annual Appreciation
9.87%
Original Mortgage
$241,656
Outstanding Balance
$237,645
Interest Rate
7.5%
Mortgage Type
FHA
Estimated Equity
$62,984

Purchase Details

Listed on
Mar 9, 2016
Closed on
Jun 30, 2016
Sold by
Johng Kwang Hee Alexander
Bought by
Watts Brian Joseph
Seller's Agent
VICKIE BADINI
BRAY REAL ESTATE
Buyer's Agent
ROBERT CANTRELL
ROCKSTAR REAL ESTATE, LLC
List Price
$159,900
Sold Price
$153,900
Premium/Discount to List
-$6,000
-3.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
Original Mortgage
$151,111
Interest Rate
3.58%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 30, 2015
Sold by
Moore Willis S and Moore Billie Jo
Bought by
Johng Kwang Hee Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,800
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 1999
Sold by
Robert E Landes Diana D
Bought by
Moore Willis S and Moore Billie Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.58%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Piper Madeleine Joelle $250,000 Fidelity National Title
Watts Brian Joseph $153,900 Fidelity National Title Insu
Johng Kwang Hee Alexander $144,000 Heritage Title
Moore Willis S $89,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Piper Madeleine Joelle $241,656
Previous Owner Watts Brian Joseph $151,111
Previous Owner Johng Kwang Hee Alexander $136,800
Previous Owner Moore Willis S $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2023 12/22/23 Sold $250,000 0.0% $200 / Sq Ft
11/10/2023 11/10/23 Price Changed $249,999 -2.0% $200 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $255,000 +65.7% $204 / Sq Ft
06/30/2016 06/30/16 Sold $153,900 -3.8% $123 / Sq Ft View Prior Sale
05/31/2016 05/31/16 Pending -- -- --
03/09/2016 03/09/16 For Sale $159,900 -- $128 / Sq Ft
Source: Grand Junction Area REALTOR® Association

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 $1,334 $14,050 $3,980 $10,070
2023 $1,334 $14,050 $3,980 $10,070
2022 $1,239 $13,010 $3,480 $9,530
2021 $935 $13,380 $3,580 $9,800
2020 $925 $12,450 $2,860 $9,590
2019 $1,119 $12,450 $2,860 $9,590
2018 $702 $10,150 $3,240 $6,910
2017 $498 $10,150 $3,240 $6,910
2016 $498 $8,140 $3,380 $4,760
2015 $501 $8,140 $3,380 $4,760
2014 $541 $8,800 $2,790 $6,010
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    MCKENNA GERSHON

    RE/MAX

    (970) 270-3450

    6 in this area

    97 Total Sales

    MCKENNA GERSHON
    Section Image
  • Jim Brunswick

    Seller Co-Listing Agent in 2023

    Jim Brunswick

    RE/MAX

    (970) 640-4322

    23 in this area

    507 Total Sales

    Jim Brunswick
    Section Image
  • Derek Irick

    Buyer's Agent in 2023

    Derek Irick

    BRAY REAL ESTATE

    (970) 424-8425

    16 in this area

    203 Total Sales

    Derek Irick
    Section Image
  • VICKIE BADINI

    Seller's Agent in 2016

    VICKIE BADINI

    BRAY REAL ESTATE

    (970) 250-5502

    1 in this area

    47 Total Sales

    VICKIE BADINI
    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Linda Gilmore

    BRAY REAL ESTATE

    Section Image

  • R

    Buyer's Agent in 2016

    ROBERT CANTRELL

    ROCKSTAR REAL ESTATE, LLC

    Section Image
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Map

Source: Grand Junction Area REALTOR® Association

MLS Number: 20234727

Grand Junction Area REALTOR® Association

APN: 2943-083-01-003

Colorado Mesa County Grand Junction 81504 Northeast Grand Junction

2918 1/2 Formay Ave, Grand Junction, CO

Not Listed for Sale

Detached

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