NOT LISTED FOR SALE

501 E 2nd St Cortez, CO 81321

Estimated Value: $238,000 - $301,000

5 Beds
2 Baths
1,933 Sq Ft
$138/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $196,000 $101 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,553/month

137 Days on Market

Highlights

  • RV or Boat Parking
  • Wood Flooring
  • 1 Car Garage
  • Ranch Style House
  • Corner Lot
  • Shed

About This Home

As of September 2022

Duplex MULTI-USE PROPERTY: -2 distinct units-- Could be a business with home, or a duplex, or a single family home (4-5 bedrooms, 2 baths). Neighborhood Business Zone. Has been used as offices and pet grooming business plus a home. Attached 1 car garage with storage space. Nice corner location at 2nd and Harrison. Property as just been vacated and is available again. Needs some work. Sale includes 2 sewer TAPS.

Last Agent to Sell the Property

Leila Hanson

Century 21 West Slope Realty Listed on: 02/23/2022

Century 21 West Slope Realty

Last Buyer's Agent

Leila Hanson

Century 21 West Slope Realty Listed on: 02/23/2022

Century 21 West Slope Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $727

Year Built

  • Built in 1951 | Remodeled in 1978

Lot Details

  • 6,316 Sq Ft Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Corner Lot

Home Design

  • Ranch Style House
  • Metal Roof
  • Stick Built Home
  • Stucco

Interior Spaces

  • 1,933 Sq Ft Home
  • Combination Dining and Living Room
  • Crawl Space
  • Oven or Range

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • RV or Boat Parking

Schools

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

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Water Heater
  • Internet Available

Additional Features

  • Shed
  • Accessory Dwelling Unit (ADU)

Listing and Financial Details

  • Assessor Parcel Number 561126412001

Home Details

Home Type

Single Family

Est. Annual Taxes

$727

Year Built

Built in 1951 | Remodeled in 1978

Lot Details

0

Listing Details

  • Additional Living Quarters: Yes
  • Appliance Inclusions: Range/Oven, Refrigerator
  • Estimated Total Acres: 0.145
  • Class: RESIDENTIAL
  • Em Deposit: 2000
  • Em Holder: C 21 West Slope Realty
  • Exterior Inclusions: Shed/Storage
  • Fronts: Paved streets
  • Legal Lot Block: F R Coffins Addition, Lots 13-15, Block 17
  • List Price per Sq Ft: 101.4
  • Lot Dimension: 6300 sf
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 561126412001
  • Price Per Sq Ft: 101.4
  • Property Attached: Yes
  • Property Description: Corner
  • Real Estate Included: Yes
  • Realist Id: 5611-264-12-001
  • Residence Stories: One Story
  • Residence Style: Ranch
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Stucco
  • Sold Price Sq Ft: 101.4
  • Street Descriptionaccess: City/Town, Paved, 100'-150' Frontage
  • Tax Account Id: R010071
  • Type: Stick Built
  • Internet Provider: Farmers Telecommunications
  • Internet Service: Yes
  • Total Taxes Dollar: 727
  • Year Built: 1951
  • Year Renovated: 1978
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 17

Interior Features

  • Dining Room: Living Room Dining
  • Bedrooms: 5
  • Flooring: Hardwood, Tile, Laminate
  • Estimated Total Sq Ft: 1933
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Foundation: Crawl Space
  • Main Level Sq Ft: 1933
  • Master Bedrm Dimensions: Has 4-5 bedrooms
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Fence: Chain Link, Partial Property
  • Windows: Single Pane
  • Construction Type: Concrete/Block, Wood Frame, Wood
  • Exterior Structures: Garage, Shed
  • Roof: Metal

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 1

Utilities

  • Utilities: Electric, Natural Gas, Internet, Phone - Cell Reception
  • Electric Supplier: Empire Electric Association, Inc
  • Gas Supplier: Atmos Energy
  • Heating System: Space Heater
  • Sewer Supplier: Cortez Sanitation District
  • Water Heater: Electric Water Heater
  • 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

Tax Info

  • Tax Year: 2021

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2024
Sold by
Russell Elizabeth
Bought by
Russell Jonathan
Current Estimated Value
$266,431

Purchase Details

Closed on
Aug 31, 2023
Sold by
Russell Elizabeth
Bought by
Russell Jonathan

Purchase Details

Listed on
Feb 23, 2022
Closed on
Sep 8, 2022
Sold by
Svendsen Lawrence A
Bought by
Russell Elizabeth
Seller's Agent
Leila Hanson
Century 21 West Slope Realty
Buyer's Agent
Leila Hanson
Century 21 West Slope Realty
List Price
$197,000
Sold Price
$196,000
Premium/Discount to List
-$1,000
-0.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.50%
Original Mortgage
$189,458
Interest Rate
5.22%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 23, 2020
Sold by
Horton Jane
Bought by
Svendsen Lawrence A

Purchase Details

Closed on
Apr 30, 2010
Sold by
Svendsen Lawrence A
Bought by
Horton Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 14, 2000
Sold by
Svendsen Betty A
Bought by
Svendsen Lawrence A
Source: Public Records

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Range of Values:

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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
Russell Jonathan -- None Listed On Document
Russell Jonathan -- None Listed On Document
Russell Elizabeth -- --
Svendsen Lawrence A -- None Available
Horton Jane $190,000 None Available
Svendsen Lawrence A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russell Elizabeth $189,458
Previous Owner Horton Jane $173,387
Previous Owner Horton Jane $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2022 09/08/22 Sold $196,000 0.0% $101 / Sq Ft
07/10/2022 07/10/22 Pending -- -- --
06/23/2022 06/23/22 Price Changed $196,000 -0.5% $101 / Sq Ft
06/07/2022 06/07/22 For Sale $197,000 0.0% $102 / Sq Ft
06/07/2022 06/07/22 Price Changed $197,000 +20.1% $102 / Sq Ft
02/23/2022 02/23/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $164,000 -- $85 / 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 $830 $16,153 $2,880 $13,273
2023 $755 $20,530 $3,660 $16,870
2022 $715 $14,780 $1,671 $13,109
2021 $727 $14,780 $1,671 $13,109
2020 $1,488 $14,137 $1,839 $12,298
2019 $1,491 $14,137 $1,839 $12,298
2018 $1,256 $19,700 $3,680 $16,020
Source: Public Records

Agents Affiliated with this Home

  • Leila Hanson

    Seller's Agent in 2022

    Leila Hanson

    Century 21 West Slope Realty

    (970) 749-2789

    29 Total Sales

    Leila Hanson
    Section Image
See All Agents

Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 790708

Colorado Real Estate Network (CREN)

APN: R010071

Colorado Montezuma County Cortez 81321

501 E 2nd St, Cortez, CO

This home is located at 501 E 2nd St, Cortez, CO 81321 since 23 February 2022 and is currently estimated at $266,431, approximately $137 per square foot. This property was built in 1951. 501 E 2nd 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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