NOT LISTED FOR SALE

406 S 2nd St Montrose, CO 81401

Estimated Value: $326,958 - $390,000

2 Beds
2 Baths
1,176 Sq Ft
$305/Sq Ft Est. Value

Last Sold April 22, 2021

Last sale price $195,000 $166 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $1,985/month

Highlights

  • Shed
  • Evaporated cooling system
  • Carpet
  • 1-Story Property

About This Home

As of April 2021

This property is zoned B-1 but has been used over the years as both residential rental and a business office. It's located just half a block east of the CMU campus within short distance to shopping and Main Street. This could easily be made a 3 bedroom unit with addition of a closet in one of the rooms. It's going to require some TLC, but with the right touches it will make an excellent rental or small office.

Last Agent to Sell the Property

Gary Bertorello

Montrose Home & Land Company Listed on: 01/23/2021

Last Buyer's Agent

Diana Atha

Keller Williams Colorado West Realty

Keller Williams Colorado West Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $886

Year Built

  • Built in 1948

Lot Details

  • 6,273 Sq Ft Lot
  • Property is zoned Commercial

Home Design

  • Composition Roof
  • Aluminum Siding
  • Stick Built Home

Interior Spaces

  • 1,176 Sq Ft Home
  • 1-Story Property
  • Basement

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Shed

Schools

  • Pomona K-5 Elementary School
  • Centennial 6-8 Middle School
  • Montrose 9-12 High School

Utilities

  • Evaporated cooling system
  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 376727341005

Home Details

Home Type

Single Family

Est. Annual Taxes

$886

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Appliance Inclusions: Refrigerator, Dishwasher, Range/Oven
  • Estimated Total Acres: 0.144
  • Class: RESIDENTIAL
  • Em Deposit: 2500
  • Em Holder: Land Title
  • Legal Lot Block: SUBD: MONTROSE TOWN OF BLOCK: 85 LOT: 9 AND:- LOT: 10 S: 27 T: 49 R: 9
  • Listed In Other Class: Yes
  • List Price per Sq Ft: 181.97
  • Lot Dimension: 6250 sq ft
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 376727341005
  • Price Per Sq Ft: 165.82
  • Real Estate Included: Yes
  • Realist Id: 3767-273-41-005
  • Residence Stories: One Story
  • Sale/Rent: For Sale
  • Siding: Aluminum Siding
  • Sold Price Sq Ft: 165.82
  • Street Descriptionaccess: City/Town, Paved
  • Street Designation: Street
  • Tax Account Id: R0650624
  • Zoning: Commercial
  • Type: Stick Built
  • Internet Provider: Charter Spectrum
  • Internet Service: Yes
  • Total Taxes Dollar: 885.64
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 17

Interior Features

  • Bedrooms: 2
  • Flooring: Carpet-Partial, Laminate
  • Estimated Total Sq Ft: 1176
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 2
  • Foundation: Basement-dug out
  • Main Level Sq Ft: 1176
  • Total Office Den: 0

Exterior Features

  • Construction Type: Wood Frame
  • Exterior Structures: Shed
  • Roof: Composition

Utilities

  • Utilities: Electric, Natural Gas, Internet
  • Cooling: Evaporative Cooler
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Hot Water Baseboard
  • Sewer Supplier: City of Montrose
  • Water Heater: Electric Water Heater
  • Water Supplier: City of Montrose

Schools

  • Elementary School: Pomona K-5
  • Middle School: Centennial 6-8
  • High School: Montrose 9-12
  • High School: Montrose 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

MLS Schools

  • Elementary School: Pomona K-5
  • Middle School: Centennial 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2021
Closed on
Apr 22, 2021
Sold by
Culver Sidney W and Culver Kathleen M
Bought by
Blanchard Donna L
Seller's Agent
Gary Bertorello
Montrose Home & Land Company
Buyer's Agent
Diana Atha
Keller Williams Colorado West Realty
List Price
$225,000
Sold Price
$195,000
Premium/Discount to List
-$30,000
-13.33%
Current Estimated Value
$358,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,490
Avg. Annual Appreciation
14.42%
Original Mortgage
$185,250
Outstanding Balance
$167,392
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$191,098

Purchase Details

Closed on
May 13, 2016
Sold by
Neal Donna
Bought by
Culver Sidney W and Culver Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2004
Sold by
Chiou Chiew Han and Chiou Cheng Meiyu
Bought by
Neal Donna

Purchase Details

Closed on
Apr 23, 2004
Sold by
Wells Fargo Bank
Bought by
Chiou Chiew Han and Chiou Cheng Meiyu

Purchase Details

Closed on
Jun 16, 2000
Sold by
Norwest Bank Colorado
Bought by
Wells Fargo Bank West

Purchase Details

Closed on
Jun 7, 1995
Sold by
Norwest Bank Montrose
Bought by
Norwest Bank Colorado

Purchase Details

Closed on
May 1, 1987
Sold by
Intrawest Bank Of Montrose
Bought by
United Bank Of Montrose

Purchase Details

Closed on
May 8, 1985
Sold by
Thompson Eunice Louise
Bought by
Intrawest Bank Of Montrose

Purchase Details

Closed on
Jan 15, 1970
Sold by
W V Champion Co
Bought by
Murphy Evelyn D
Source: Public Records

Range of Values:

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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
Blanchard Donna L $195,000 Land Title Guarantee Company
Culver Sidney W $120,252 Fidelity National Title Insu
Neal Donna $107,500 --
Chiou Chiew Han $84,000 --
Wells Fargo Bank West -- --
Norwest Bank Colorado -- --
United Bank Of Montrose -- --
Intrawest Bank Of Montrose $40,000 --
Thompson Eunice Louise $14,000 --
Murphy Evelyn D $7,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blanchard Donna L $185,250
Previous Owner Culver Sidney W $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2021 04/22/21 Sold $195,000 -8.9% $166 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
02/10/2021 02/10/21 Price Changed $214,000 -4.9% $182 / Sq Ft
01/23/2021 01/23/21 For Sale $225,000 -- $191 / Sq Ft
Source: Colorado Real Estate Network (CREN)

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 $1,258 $17,670 $3,050 $14,620
2023 $1,258 $22,140 $3,820 $18,320
2022 $1,042 $15,140 $2,780 $12,360
2021 $1,074 $15,580 $2,860 $12,720
2020 $886 $13,200 $2,470 $10,730
2019 $891 $13,200 $2,470 $10,730
2018 $814 $10,960 $1,990 $8,970
2017 $807 $10,960 $1,990 $8,970
2016 $817 $11,260 $2,010 $9,250
2015 $803 $11,260 $2,010 $9,250
2014 $650 $9,700 $2,010 $7,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 778103

Colorado Real Estate Network (CREN)

APN: R0650624