NOT LISTED FOR SALE

406 Cornerstone Trail Montrose, CO 81403

Estimated Value: $276,000 - $521,000

6.59 Acres
$65,859 Price per Acre
287,060 Sq Ft Lot

Sale Details

Date Sold: October 2, 2023

Last sale price $450,000

Est. 4% decrease in value since last sale

Current estimated payment $2,751 / mo

64 Days on Market

About This Lot

As of October 2023

Impressive 6+ acre parcel in the exclusive Cornerstone Golf Community. This lot overlooks the 4th hole and fairway with close proximity to the clubhouse, pro shop and restaurant. Cornerstone is a Greg Norman designed golf course with fabulous mountain views of the Cimarron mountain range and the Horsefly Peak. Cornerstone is situated on 6,000 acres located between Telluride and Montrose and offers many outdoor activities including golf, snowshoeing, and cross country skiing.

Last Agent to Sell the Property

Peggy Nerlin

Peggy E. Nerlin, Independent Broker Listed on: 07/09/2022

Last Buyer's Agent

Brian O'Neill

Telluride Properties LLC

Property Details

Property Type

  • Land

Lot Details

  • 6.59 Acre Lot
  • On Golf Course

Schools

  • Cottonwood K-5 Elementary School
  • Columbine 6-8 Middle School
  • Montrose 9-12 High School

Community Details

  • Property has a Home Owners Association
  • Cornerstone HOA
  • Cornerstone Subdivision

Listing and Financial Details

  • Assessor Parcel Number 425915412001

Property Details

Property Type

Land

Lot Details

6.59 Acres

Listing Details

  • Class: Land
  • Em Holder: Land Title Guarantee Co
  • Fronts: Cornerstone Trail
  • Legal Lot Block: Cornerstone Phase 1, Lot 1: Block 12-A Homestead 1
  • Parcel Id Number: 425915412001
  • Property Description: Borders Golf Course
  • Street Designation: Trail
  • HOA Fee Frequency: Annually
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Total Acres: 6.59
  • Current Property Use: Residential Single Family
  • Em Deposit: $25,000
  • Mineral Rights: Unknown
  • Price per Sq Ft: 1.57
  • Sewer Tap Avail: Yes
  • Sold Priceacre: 68285.28
  • Water Tap Available: Yes
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Total Taxes Dollar: $4,406.14
  • Prop Description Remarks: Impressive 6+ acre parcel in the exclusive Cornerstone Golf Community. This lot overlooks the 4th hole and fairway with close proximity to the clubhouse, pro shop and restaurant. Cornerstone is a Greg Norman designed golf course with fabulous mountain views of the Cimarron mountain range and the Horsefly Peak. Cornerstone is situated on 6,000 acres located between Telluride and Montrose and offers many outdoor activities including golf, snowshoeing, and cross country skiing.
  • Subdv Name: Cornerstone
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Utilities

  • Electric Supplier: San Miguel Power Association
  • Gas Supplier: Black Hills Energy
  • Water Supplier: Cornerstone Metropolitan District

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Name: Cornerstone HOA

Schools

  • High School: Montrose 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2021

MLS Schools

  • Elementary School: Cottonwood K-5
  • Middle School: Columbine 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2022
Sold by
Barbara Jaynes Trust
Bought by
Sowden Living Trust
Current Estimated Value
$434,011

Purchase Details

Closed on
Nov 13, 2006
Sold by
Cornerstone Montrose Llc
Bought by
Jaynes David and Jaynes Barbara
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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Purchase History

Date Buyer Sale Price Title Company
Sowden Living Trust $450,000 Land Title Guarantee
Jaynes David -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2023 10/02/23 Sold $450,000 0.0% --
09/11/2022 09/11/22 Pending -- -- --
08/30/2022 08/30/22 Price Changed $450,000 -21.7% --
07/09/2022 07/09/22 For Sale $575,000 -- --
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
2025 $15,141 $114,750 $114,750 $0
2024 $15,141 $82,880 $82,880 $0
2023 $11,395 $82,880 $82,880 $0
2022 $4,580 $28,280 $28,280 $0
2021 $4,540 $28,280 $28,280 $0
2020 $1,934 $12,470 $12,470 $0
2019 $1,934 $12,470 $12,470 $0
2018 $1,733 $11,020 $11,020 $0
2017 $1,730 $11,020 $11,020 $0
2016 $1,399 $8,920 $8,920 $0
2015 -- $8,920 $8,920 $0
2012 -- $85,260 $85,260 $0
Source: Public Records

Agents Affiliated with this Home

  • Peggy Nerlin

    Seller's Agent in 2023

    Peggy Nerlin

    Peggy E. Nerlin, Independent Broker

    (970) 708-7944

    20 Total Sales

    Peggy Nerlin
    Section Image
  • Brian O'Neill

    Buyer's Agent in 2023

    Brian O'Neill

    Telluride Properties LLC

    (970) 708-5367

    96 Total Sales

    Brian O'Neill
    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 795955

Colorado Real Estate Network (CREN)

APN: R005824

Colorado Ouray County Montrose 81403

406 Cornerstone Trail, Montrose, CO

Not Listed for Sale

Lots

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