$275,000

500 S Market St Cortez, CO 81321

Estimated payment $1,745/month

-- Bed
-- Bath
9,516 Sq Ft
$29 Price per Sq Ft

About This Home

This home is located at 500 S Market St, Cortez, CO 81321 and is currently priced at $275,000, approximately $28 per square foot. This property was built in 1958. 500 S Market St 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.

Listing Agent

Jo Ann Cauley

Century 21 West Slope Realty Listed on: 01/08/2025

Century 21 West Slope Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,967

Year Built

  • Built in 1958

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 137.5' x142'
  • Corner Lot

Home Design

  • 9,516 Sq Ft Home
  • Property Attached
  • Concrete Foundation
  • Slab Foundation

Parking

  • 1 Car Garage
  • On-Street Parking
  • Off-Street Parking
  • 19 to 30 Parking Spaces

Schools

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

Community Details

  • Chamberlins Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 561126347009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,967

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Estimated Total Acres: 0.45
  • Class: Multifamily
  • Em Deposit: 3000.00
  • Em Holder: Mon Do
  • Legal Lot Block: Subdivision: CHAMBERLINS ADDITION Lot: 13-17 Block: 78 & N 15 FT LOT 18 B550 P860 B584 P18-19
  • Lot Dimension: 137.5' x142'
  • Lot Size Acreage: .5 - .99
  • Parcel Id Number: 561126347009
  • Price Per Sq Ft: 28.9
  • Property Attached: Yes
  • Property Description: Corner
  • Sale/Rent: For Sale
  • Street Descriptionaccess: City/Town, Paved, 100'-150' Frontage
  • Tax Account Id: R009919
  • Zoning: Residential, Residential Multi Family
  • Domestic Water Sewer: City Water, City Sewer
  • Heating Fuelsystem: Natural Gas
  • Metered: Metered for Electricity, Metered for Gas, Metered for Water
  • Total Taxes Dollar: $2,965.60
  • Year Built: 1958
  • Prop Description Remarks: CITY APPROVED FOR MULTIFAMILY. UNIQUE HUGE 9,516 sf. building. Multiple Use on .45 acres corner lot and alley access. LOTS OF POSSIBILITIES!!! . Zoning to be approved through City for future use, Conditional Use Permit could possibly be used for Education, Church or Storage, etc. Utilities include 2" water line, gas lines, Electric phase (120,240). Structure is cinder blocks, open ceiling, five garage doors, separate office and large entrance area into building. According to the city to purchase a 2" water line is $41,299.99. The building was used years ago as a Laundry Mat/Dry Cleaning facility and has an EPA Report showing a clean hazardous report. Again, LOTS OF POSSIBILITES!!!!
  • Subdv Name: Chamberlins Addition
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Estimated Total Sq Ft: 9516
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Foundation: Slab, Concrete
  • Main Level Sq Ft: 9516
  • Total Office Den: 0

Garage/Parking

  • Garage: Yes
  • Garage Capacity: 1
  • Parking: Off Street, On Street, 20+ Total Spaces

Utilities

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

Schools

  • Elementary School: Mesa 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: 1

Tax Info

  • Tax Year: 2025

MLS Schools

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $2,967 $50,506 $18,181 $32,325
2023 $2,967 $18,181 $18,181 $0
2022 $460 $8,302 $8,302 $0
2021 $454 $8,302 $8,302 $0
2020 $481 $9,132 $9,132 $0
2019 $483 $9,132 $9,132 $0
2018 $582 $9,130 $9,130 $0
2017 $579 $9,130 $9,130 $0
2016 $524 $9,130 $9,130 $0
2015 $481 $49,750 $0 $0
2014 $561 $9,130 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2025 01/08/25 For Sale $275,000 -- $29 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $46,500 Commercial
Source: Public Records

Source: Colorado Real Estate Network (CREN)

MLS Number: 820358

Colorado Real Estate Network (CREN)

APN: R009919

Colorado Montezuma County Cortez 81321

500 S Market St, Cortez, CO

This home is located at 500 S Market St, Cortez, CO 81321 and is currently priced at $275,000, approximately $28 per square foot. This property was built in 1958. 500 S Market St 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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Jo Ann Cauley
Listing Agent
Jo Ann Cauley
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Century 21 West Slope Realty
(970) 564-7529