NOT LISTED FOR SALE

318 E 1st St Unit D Salida, CO 81201

Estimated Value: $439,652 - $577,000

2 Beds
1 Bath
896 Sq Ft
$89/mo HOA Fee

Last Sold May 24, 2024

Last sale price $383,000 $427 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,815/month

232 Days on Market

Highlights

  • Newly Remodeled
  • Deck
  • Patio
  • Longfellow Elementary School Rated 9+
  • Contemporary Architecture
  • 2-minute walk to Riverside Park

About This Home

As of May 2024

Price reduced on this charming 2-bedroom, 1-bath home nestled in downtown Salida. With a stucco exterior and a new metal roof, this property offers both durability and timeless appeal. As you step inside, you'll be greeted by the beauty of wide plank flooring, leading you to the heart of the home—a modern kitchen equipped with stainless appliances, including a microwave, range/oven, dishwasher, and refrigerator. The custom tile backsplash adds a touch of elegance to the space.

The convenience of washer/dryer hookups ensures effortless laundry days. Home features a beautiful bathroom with custom tile shower with glass doors. . Additionally, there's a heated storage area that can be transformed into a potential office, boasting a separate entrance for added privacy and functionality.

This one-level home offers tranquility in a quiet location while still being right in the heart of downtown Salida. Enjoy the ease and comfort of the mini split units, providing efficient heating and cooling in all rooms throughout the year.

This property offers the best of both worlds—modern amenities combined with a central location, making it a rare find in the Salida real estate market. Don't miss your chance to own this gem! Schedule a viewing today and experience the allure of downtown living in this delightful home. This home is part of Salida's Inclusionary Housing (IH) program, deed restrictions include residency and income requirements. Income limit for a one person household is $91,350 and for a two person household is $104,400. City can grant exceptions to some of the deed restriction rules, please inquire with listing agent if you don't meet all of the criteria.

Last Agent to Sell the Property

Mike Hawley

Colorado Mountain Realty Brokerage Email: michael@mysalida.com,719-530-1281 License #100002896 Listed on: 08/03/2023

Last Buyer's Agent

Susan Dempsey-Hughes

Pinon Real Estate Group LLC License #040028045

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $262

Year Built

  • Built in 1954 | Newly Remodeled

Lot Details

  • No Common Walls
  • South Facing Home
  • Year Round Access

HOA Fees

  • $89 Monthly HOA Fees

Parking

  • 1 Parking Space

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Metal Roof
  • Stucco

Interior Spaces

  • 896 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Patio

Schools

  • Longfellow Elementary School
  • Salida Middle School
  • Salida High School

Utilities

  • Mini Split Air Conditioners
  • Radiant Heating System
  • Electric Water Heater
  • High Speed Internet

Community Details

  • Association fees include ground maintenance, sewer, snow removal, trash, water
  • Old Brick Condominiums Association
  • Old Brick Condominiums Subdivision

Listing and Financial Details

  • Exclusions: Sellers personal property
  • Property held in a trust
  • Assessor Parcel Number 368132402008

Property Details

Home Type

Condominium

Est. Annual Taxes

$262

Year Built

Built in 1954 | Newly Remodeled

Lot Details

0

HOA Fees

$89 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Structure Type: Patio
  • Levels: One
  • Year Built: 1954
  • Above Grade Finished Sq Ft: 896
  • Exclusions: Sellers personal property
  • Living Area: 896
  • Property Condition: New Construction
  • Directions: Park on East first and walk through gate just to the right of 318 East First. Unit D is just past parking lot off of the alley.
  • SubdivisionName: Old Brick Condominiums
  • Co List Office Mls Id: RECM2546
  • Co List Office Phone: 719-530-1038
  • Ownership: Corporation/Trust
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Builder
  • REC_BasementLevelBathrooms: 0
  • REC_BasementLevelBedrooms: 0
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • Ratio Close Price By Original Li: 0.87244
  • Attribution Contact: michael@mysalida.com,719-530-1281
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator
  • Flooring: Laminate
  • Full Bathrooms: 1
  • Common Walls: No Common Walls
  • Basement: No
  • Total Bedrooms: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2

Exterior Features

  • Direction Faces: South
  • Foundation Details: Slab
  • Roof: Metal
  • Construction Materials: Frame, Stucco
  • Patio and Porch Features: Deck
  • Road Frontage Type: Public, Year Round

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 1
  • REC_ParkingCount: 1

Utilities

  • Utilities: Electricity Connected, Internet Access (Wired)
  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room
  • Heating: Electric, Radiant
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Sewer, Snow Removal, Trash, Water
  • Association Name: Old Brick Condominiums
  • Association Fee Frequency: Monthly
  • Association Fee: 89
  • Phone: 0000000000
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 1068.00
  • REC_AssociationFeeTotalAnnual: 1068.00
  • REC_AssociationManagementType: Self Managed
  • REC_MultipleAssociationsYN: 0

Schools

  • Middle Or Junior School: Salida

Lot Info

  • Parcel Number: 368132402008
  • Building Area Total: 1100

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 262

MLS Schools

  • Elementary School: Longfellow
  • High School: Salida

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
May 22, 2024
Sold by
320First Llc
Bought by
Mcginty Tyson and Zimmer Alison
Seller's Agent
Mike Hawley
Colorado Mountain Realty
Buyer's Agent
Susan Dempsey-Hughes
Pinon Real Estate Group LLC
List Price
$439,000
Sold Price
$383,000
Premium/Discount to List
-$56,000
-12.76%
Views
236
Current Estimated Value
$498,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,551
Avg. Annual Appreciation
20.89%
Original Mortgage
$344,700
Outstanding Balance
$339,867
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$158,684
Source: Public Records

Range of Values:

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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
Mcginty Tyson -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcginty Tyson $344,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2024 05/24/24 Sold $383,000 -0.3% $427 / Sq Ft
02/06/2024 02/06/24 Price Changed $384,000 -1.3% $429 / Sq Ft
11/14/2023 11/14/23 Price Changed $389,000 -2.5% $434 / Sq Ft
09/25/2023 09/25/23 Price Changed $399,000 -6.1% $445 / Sq Ft
08/23/2023 08/23/23 Price Changed $425,000 -3.2% $474 / Sq Ft
08/03/2023 08/03/23 For Sale $439,000 -- $490 / Sq Ft
Source: REcolorado®

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 $993 $22,040 $0 $22,040
2023 $121 $2,770 $0 $2,770
2022 $483 $10,130 $7,120 $3,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3478103

REcolorado®

APN: R368132402008