NOT LISTED FOR SALE

Estimated Value: $481,856 - $609,000

6 Beds
2 Baths
2,223 Sq Ft
$240/Sq Ft Est. Value

Sale Details

Date Sold: February 8, 2023

Last sale price $441,500 $199 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,104 / mo

4 Days on Market

About This Home

As of February 2023

This home is located at 447 S 5th St, Montrose, CO 81401 since 14 January 2023 and is currently estimated at $532,964, approximately $239 per square foot. This property was built in 1921. 447 S 5th St is a home located in Montrose County with nearby schools including Pomona Elementary School, Centennial Middle School, and Montrose High School.

Last Agent to Sell the Property

Jessamy Pressler

NextHome Virtual Listed on: 01/14/2023

NextHome Virtual

Last Buyer's Agent

Todd Schroedel

United Country Sneffels Realty

United Country Sneffels Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,162

Year Built

  • Built in 1921

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex

Interior Spaces

  • 2 Bathrooms
  • 2,223 Sq Ft Home
  • Multi-Level Property

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 376727339012

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $5,213
  • Gross Income $38,400
  • Net Operating Income $33,187

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,162

Year Built

Built in 1921

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Estimated Total Acres: 0.14
  • Class: Multifamily
  • Em Deposit: 4000
  • Em Holder: Title Company
  • Legal Lot Block: LOTS 23 AND 24, BLOCK 83, TOWN OF MONTROSE, NOW BEING A PART OF THE CITY OF MONTROSE, COUNTY OF MONTROSE, STATE OF COLORADO.
  • List Price per Sq Ft: 201.98
  • Parcel Id Number: 376727339012
  • Price Per Sq Ft: 198.61
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 198.61
  • Street Designation: Street
  • Cap Rate Percent: 7.39
  • Multi Story: Yes
  • Type: Duplex
  • Total Taxes Dollar: 1162.24
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Estimated Total Sq Ft: 2223
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 2
  • Main Level Sq Ft: 1131
  • Total Office Den: 0

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Sewer Supplier: City of Montrose
  • Water Supplier: City of Montrose

Schools

  • High School: Montrose 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Multi Family

  • No. of Units: 2
  • Gross Annual Expenses: 5213
  • Gross Scheduled Income: 38400
  • Net Operating Income: 33187.4

Tax Info

  • Tax Year: 2022

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2023
Closed on
Feb 8, 2023
Sold by
Bought by
Seller's Agent
Jessamy Pressler
NextHome Virtual
Buyer's Agent
Todd Schroedel
United Country Sneffels Realty
List Price
$449,000
Sold Price
$441,500
Premium/Discount to List
-$7,500
-1.67%
Views
13
Current Estimated Value
$532,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,464
Avg. Annual Appreciation
5.56%

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jun 24, 2021
Sold by
Bought by
Seller's Agent
Jennifer Johnson
NextHome Virtual
Buyer's Agent
Isaac Snell
Norris-Snell Real Estate, LLC
List Price
$354,900
Sold Price
$335,000
Premium/Discount to List
-$19,900
-5.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.58%
Original Mortgage
$338,383
Interest Rate
2.9%
Mortgage Type
USDA

Purchase Details

Closed on
Sep 28, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 20, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,200
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2005
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1994
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 1988
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 1973
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$441,500 Land Title
$335,000 Land Title Guarantee
$245,000 Fidelity National Title
$150,500 None Available
-- None Available
-- None Available
-- --
$55,000 --
$16,200 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $338,383
Previous Owner $338,383
Previous Owner $183,750
Previous Owner $77,200
Previous Owner $83,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/08/2023 02/08/23 Sold $441,500 -1.7% $199 / Sq Ft
01/18/2023 01/18/23 Pending -- -- --
01/14/2023 01/14/23 For Sale $449,000 +34.0% $202 / Sq Ft
06/25/2021 06/25/21 Sold $335,000 -5.6% $151 / Sq Ft View Prior Sale
04/09/2021 04/09/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $354,900 +122.0% $160 / Sq Ft
07/01/2013 07/01/13 Sold $159,900 +0.6% $72 / Sq Ft View Prior Sale
06/01/2013 06/01/13 Pending -- -- --
01/18/2013 01/18/13 For Sale $159,000 -- $72 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,082 $32,080 $0 $0
2024 $2,082 $25,440 $3,220 $22,220
2023 $1,811 $30,210 $3,820 $26,390
2022 $1,162 $16,890 $2,780 $14,110
2021 $1,197 $17,370 $2,860 $14,510
2020 $894 $13,320 $2,470 $10,850
2019 $900 $13,320 $2,470 $10,850
2018 $808 $11,670 $1,990 $9,680
2017 $801 $11,670 $1,990 $9,680
2016 $811 $12,010 $2,010 $10,000
2015 $797 $12,010 $2,010 $10,000
2014 $658 $10,610 $2,010 $8,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 800458

Colorado Real Estate Network (CREN)

APN: R0001764

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