NOT LISTED FOR SALE

Estimated Value: $375,000 - $533,000

5 Acres
$94,695 Price per Acre
217,800 Sq Ft Lot

Last Sold March 07, 2024

Last sale price $500,000 $349 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,766/month

220 Days on Market

Highlights

  • 5 Acre Lot
  • 5 Irrigated Acres
  • Level Lot
  • Picket Fence

About This Lot

As of March 2024

Conveniently located in SE Grand Junction and across from Pear Park Elementary School, this 5.00-acre parcel was recently annexed into the City of Grand Junction and rezoned R-8. All structures have been removed and the land is ready for the next phase of development. Three shares of GVIC water will be included. The $575,000 asking price is for the land only – bring your development dream to reality! If you are looking for a more ready-made project, subdivision plans for 38 townhomes are available for an additional $75,000. These plans are currently before the City for approval. The submitted Site Plan calls for six buildings with five units each (four 2-story units and one unit is single story, ADA compliant) and two buildings with four 2-story units. Townhome plans and draft CC&Rs have been completed. All information deemed reliable, but not guaranteed. Buyer to verify all info.

Last Agent to Sell the Property

LISA RICKS

CHESNICK REALTY, LLC License #FA100071930 Listed on: 04/07/2023

Last Buyer's Agent

LISA RICKS

CHESNICK REALTY, LLC License #FA100071930 Listed on: 04/07/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,606

Year Built

  • 1920

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 625 x 327
  • Picket Fence
  • Partially Fenced Property
  • Chain Link Fence
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Property is zoned R-8

Additional Features

  • 5 Irrigated Acres
  • Irrigation Water Rights

Listing and Financial Details

  • Assessor Parcel Number 2943-162-00-037

Property Details

Property Type

Land

Est. Annual Taxes

$1,606

Year Built

1920

Lot Details

0

Listing Details

  • Estimated Irrigation Acres: 5
  • Current Use: Multi Family
  • Elevation: 4600
  • Fronts: S
  • Gas Company: Xcel
  • Irrigation Description: 3 Shares
  • Irrig District: GVIC
  • Irrig Water: Yes
  • Lot Dimensions: 625 x 327
  • Lvt Date: 04/07/2023
  • Property Type: Land
  • Real Estate Incl: Yes
  • Sewer Company: City Of Gj
  • Street Desc Access: City/Town, Paved
  • Taxes: 1606
  • Tax Year: 2022
  • Total Acres: 5
  • Type: Duplex/Multi-Lot
  • Water: City Water
  • Zoning: R-8
  • Curbs Gutters: No Curbs, No Gutters
  • Possible Use: Multi-Family, Subdivision
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1920

Interior Features

  • Price Per Sq Ft: 100000

Exterior Features

  • Fence: Chain Link, Partial, Picket

Utilities

  • Electric Company: GVRP
  • Water Company: Clifton

Schools

  • Elementary School: Pear Park
  • Middle School: Grand Mesa
  • High School: Central

Lot Info

  • Lot Description: 150' + Frontage, Cleared, Flat, Open
  • Lot Size: F: 3-4.99
  • Parcel Number: 2943-162-00-037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2023
Closed on
Mar 7, 2024
Sold by
Sage Creek Investments Llc
Bought by
Grand Pine D Street Llc
Seller's Agent
LISA RICKS
CHESNICK REALTY, LLC
Buyer's Agent
LISA RICKS
CHESNICK REALTY, LLC
List Price
$725,000
Sold Price
$500,000
Premium/Discount to List
-$225,000
-31.03%
Total Days on Market
220
Views
176
Current Estimated Value
$473,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,526
Avg. Annual Appreciation
-4.23%
Original Mortgage
$3,238
Outstanding Balance
$3,144
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$470,330

Purchase Details

Closed on
Apr 21, 2011
Sold by
Brimhall Thomas Jay
Bought by
Brimhall Thomas Jay

Purchase Details

Closed on
Aug 31, 1992
Sold by
Preston E J Trust
Bought by
Tomlinson Jason A

Purchase Details

Closed on
Oct 17, 1991
Sold by
Preston E J
Bought by
Tomlinson Jason A
Source: Public Records

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Range of Values:

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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
Grand Pine D Street Llc $500,000 None Listed On Document
Brimhall Thomas Jay -- None Available
Tomlinson Jason A -- --
Tomlinson Jason A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grand Pine D Street Llc $3,238
Previous Owner Tomlinson Jason A $275,000
Previous Owner Brimhall Joyce $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2024 03/07/24 Sold $500,000 -13.0% $349 / Sq Ft
11/13/2023 11/13/23 Pending -- -- --
11/09/2023 11/09/23 Price Changed $575,000 -8.0% $401 / Sq Ft
04/19/2023 04/19/23 Price Changed $625,000 -13.8% $436 / Sq Ft
04/07/2023 04/07/23 For Sale $725,000 +90.8% $506 / Sq Ft
03/22/2021 03/22/21 Sold $380,000 -1.9% $265 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
02/04/2021 02/04/21 Price Changed $387,500 -5.5% $270 / Sq Ft
01/15/2021 01/15/21 For Sale $410,000 -- $286 / 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 $1,448 $20,460 $16,750 $3,710
2023 $1,448 $20,460 $16,750 $3,710
2022 $1,606 $22,250 $9,900 $12,350
2021 $1,693 $22,900 $10,190 $12,710
2020 $1,403 $19,390 $7,870 $11,520
2019 $1,330 $19,390 $7,870 $11,520
2018 $1,305 $17,420 $7,200 $10,220
2017 $1,227 $17,420 $7,200 $10,220
2016 $1,227 $18,990 $7,960 $11,030
2015 $1,244 $18,990 $7,960 $11,030
2014 $1,119 $17,120 $5,570 $11,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Grand Junction Area REALTOR® Association

MLS Number: 20231327

Grand Junction Area REALTOR® Association

APN: 2943-162-00-037