$339,000
SOLD JUN 25, 2025

307 W Montezuma Ave Cortez, CO 81321

Studio
5 Baths
2,734 Sq Ft
6,098 Sq Ft

Recently Sold

$124 Per Sq Ft

11% Below List Price

88 Days on Market

Highlights

  • Patio
  • Central Air
  • Privacy Fence

About This Home

As of June 2025

This home is located at 307 W Montezuma Ave, Cortez, CO 81321 and is currently priced at $339,000, approximately $123 per square foot. This property was built in 1948. 307 W Montezuma Ave is a home located in Montezuma County with nearby schools including Montezuma-Cortez High School, Children's Kiva Montessori School, and Children's Kiva Montessori Preschool & Kindergarten.

Last Agent to Sell the Property

Gina Buchanan

The Wells Group of Durango, LLC Listed on: 02/05/2025

Last Buyer's Agent

Robin Rice

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,180

Year Built

  • Built in 1948

Lot Details

  • 6,098 Sq Ft Lot
  • Privacy Fence

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 5 Full Bathrooms
  • 2,734 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Laminate Flooring
  • Crawl Space
  • Oven or Range

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Schools

  • Kemper K-5 Elementary School
  • Cortez 6-8 Middle School
  • Montezuma-Cortez 9-12 High School

Additional Features

  • Patio
  • Central Air

Community Details

  • 5 Units
  • Cortez Original Subdivision

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for building insurance, real estate taxes, ext maintenance (bldg), water/sewer, trash
  • Assessor Parcel Number 561126237003

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,180

Year Built

Built in 1948

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator
  • Estimated Total Acres: 0.14
  • Class: Multifamily
  • Em Deposit: 5000
  • Em Holder: Title
  • Exterior Inclusions: Patio
  • Interior Inclusions: Window Coverings
  • Legal Lot Block: Subdivision: Cortez Original Lot: 5-6 Block: 23
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 561126237003
  • Price Per Sq Ft: 123.99
  • Residence Stories: Two Story
  • Sale/Rent: For Sale
  • Siding: Stucco
  • Sold Price Sq Ft: 123.99
  • Street Descriptionaccess: City/Town, Paved
  • Zoning: Live/Work, Residential
  • Domestic Water Sewer: City Water, City Sewer
  • Heating Fuelsystem: Natural Gas, Forced Air
  • Landlord Pays: Building Insurance, Real Estate Taxes, Ext Maintenance (Bldg), Water/Sewer, Trash
  • Metered: Metered for Electricity
  • Multi Story: Yes
  • Type: Apartment Bldg.
  • Total Taxes Dollar: 1179.76
  • Year Built: 1948
  • Prop Description Remarks: RARE MULTIFAMILY INVESTMENT OPPORTUNITY IN CORTEZ CO! This 4-plex plus an additional ADU is located on a fantastic street in downtown Cortez. The 4-plex generates strong cash flow and is easy to keep rented. The new owner could create a ton of value by potentially redeveloping the back ADU into more units. Each unit is 1bd 1ba. Unit 1 was left vacant to allow for showings. Do not miss this prime multi family investment opportunity! Call me today for a showing!
  • Subdv Name: Cortez Original
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1074

Interior Features

  • Flooring: Laminate
  • Estimated Total Sq Ft: 2734
  • Full Bathrooms: 5
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 5
  • Foundation: Crawl Space
  • Total Office Den: 0

Exterior Features

  • Fence: Privacy
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 5
  • Parking: Off Street, 1 per unit, In Rear of Building

Utilities

  • Cooling: Central Air
  • Electric Supplier: Empire Electric Association, Inc
  • Gas Supplier: Atmos Energy
  • Sewer Supplier: Cortez Sanitation District
  • Water Supplier: City of Cortez

Schools

  • High School: Montezuma-Cortez 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Tenant Pays: Electric, Gas
  • Furnished: Unfurnished

Multi Family

  • No. of Units: 5

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Kemper K-5
  • Middle School: Cortez 6-8
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Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2025 06/25/25 Sold $339,000 -10.6% $124 / Sq Ft
05/04/2025 05/04/25 Pending -- -- --
04/14/2025 04/14/25 For Sale $379,000 0.0% $139 / Sq Ft
02/09/2025 02/09/25 Pending -- -- --
02/05/2025 02/05/25 For Sale $379,000 -- $139 / Sq Ft
Source: Colorado Real Estate Network (CREN)

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 $1,667 $22,971 $1,284 $21,687
2023 $1,180 $27,348 $1,528 $25,820
2022 $1,047 $22,116 $1,990 $20,126
2021 $1,087 $22,116 $1,990 $20,126
2020 $873 $18,428 $1,990 $16,438
2019 $875 $18,428 $1,990 $16,438
2018 $992 $15,570 $1,800 $13,770
2017 $987 $15,570 $1,800 $13,770
2016 $884 $15,390 $2,000 $13,390
2015 $812 $223,940 $0 $0
2014 $945 $15,390 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 821002

Colorado Real Estate Network (CREN)
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