NOT LISTED FOR SALE

425 S Chestnut St Unit A-F Cortez, CO 81321

12 Beds
11 Baths
6,592 Sq Ft
0.3 Acres

Last Sold January 20, 2021

Last sale price $594,000 $90 Per Sq Ft

3 Days on Market

Highlights

  • Deck
  • Patio
  • Carpet
  • Eat-In Kitchen

About This Home

As of January 2021

This home is located at 425 S Chestnut St Unit A-F, Cortez, CO 81321 since 21 December 2020. This property was built in 1996. 425 S Chestnut St Unit A-F 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

Patrick Jones

Coldwell Banker Distinctive Properties Listed on: 12/21/2020

Co-Listed By

Bobbie Carll

Coldwell Banker Mountain Properties

Last Buyer's Agent

Kyle Riddell

4 Corners Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,679

Year Built

  • Built in 1996

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100' x 172'

Parking

  • 14 Parking Spaces

Home Design

  • Apartment
  • Concrete Foundation
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 6,592 Sq Ft Home
  • Multi-Level Property
  • Window Treatments

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 561126337005

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $16,418
  • Gross Income $57,327
  • Net Operating Income $40,909

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,679

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Disposal
  • Estimated Total Acres: 0.3
  • Class: Multifamily
  • Em Deposit: 20000
  • Em Holder: CO Title & Closing Serv
  • Exterior Inclusions: Patio, Deck
  • Fronts: S. Chestnut St./W. 5th St
  • Interior Inclusions: Window Coverings
  • Legal Lot Block: Chamberlins Addition Lot: 9-12 Block: 69 B486 P500
  • List Price per Sq Ft: 87.23
  • Lot Dimension: 100' X 172'
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 561126337005
  • Price Per Sq Ft: 90.11
  • Property Attached: Yes
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 90.11
  • Street Designation: Street
  • Tax Account Id: R009861
  • Zoning: Residential Multi Family
  • Cap Rate Percent: 7
  • Domestic Water Sewer: City Water, City Sewer
  • Heating Fuelsystem: Electric, Electric Baseboard
  • Multi Story: Yes
  • Property Mngr: XTROV Realty
  • Total Number Electric Meters: 6
  • Total Number Gas Meters: 1
  • Total Number Water Meters: 1
  • Vacancy Factor Percent: 3
  • Type: Apartment Bldg.
  • Total Taxes Dollar: 1679.04
  • Year Built: 1996
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: Eat-in Kitchen
  • Flooring: Carpet, Vinyl
  • Estimated Total Sq Ft: 6592
  • Full Bathrooms: 6
  • Half Bathrooms: 5
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Foundation: Stemwall, Concrete
  • Total Office Den: 0

Exterior Features

  • Roof: Composition

Garage/Parking

  • Parking Spaces: 14

Utilities

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

Schools

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

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Multi Family

  • No. of Units: 6
  • Gross Annual Expenses: 16418
  • Gross Scheduled Income: 57327
  • Net Operating Income: 40909

Tax Info

  • Tax Year: 2020

MLS Schools

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

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2021 01/20/21 Sold $594,000 +3.3% $90 / Sq Ft
12/24/2020 12/24/20 Pending -- -- --
12/21/2020 12/21/20 For Sale $575,000 -- $87 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick Jones

    Seller's Agent in 2021

    Patrick Jones

    Coldwell Banker Distinctive Properties

    Section Image
  • Bobbie Carll

    Seller Co-Listing Agent in 2021

    Bobbie Carll

    Coldwell Banker Mountain Properties

    (970) 946-6737

    81 Total Sales

    Bobbie Carll
    Section Image
  • Kyle Riddell

    Buyer's Agent in 2021

    Kyle Riddell

    4 Corners Properties, Inc.

    (970) 570-9325

    58 Total Sales

    Kyle Riddell
    Section Image
See All Agents

Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 777180

Colorado Real Estate Network (CREN)

Colorado Montezuma County Cortez 81321

425 S Chestnut St Unit A-F, Cortez, CO

This home is located at 425 S Chestnut St Unit A-F, Cortez, CO 81321 since 21 December 2020. This property was built in 1996. 425 S Chestnut St Unit A-F 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Colorado Real Estate Network (CREN) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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