NOT LISTED FOR SALE

501 SW 7th St Olathe, CO 81425

Estimated Value: $151,000 - $243,000

1 Bed
1 Bath
1,091 Sq Ft
$179/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $204,000 $187 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,105/month

137 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Bungalow
  • Main Floor Primary Bedroom
  • Screened Porch
  • Shed

About This Home

As of October 2023

**06/23/2023** Title issue has been resolved and sale can move forward. Painted and ready to go!! The Assessor records show 1,091 sq.ft. but there is also a finished living area on the upper floor and a partially finished basement. The upper floor is approximately 275 sq.ft. and has been used as a bedroom in the past. This area does not meet measuring standards to be included in the GLA square footage estimate but it is definitely usable space. The basement is approximately 730 sq.ft. and is about 60% finished. The exterior has just been painted, as have all of the outbuildings, and there is a newer furnace and hot water heater.

Last Agent to Sell the Property

Bill Scharf

Phelps Real Estate Group Listed on: 04/17/2023

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

  • $530

Year Built

  • Built in 1913

Lot Details

  • 8,276 Sq Ft Lot
  • Landscaped
  • Corner Lot

Home Design

  • Bungalow
  • Asphalt Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,091 Sq Ft Home
  • 1.5-Story Property
  • Combination Dining and Living Room
  • Screened Porch
  • Partially Finished Basement
  • Crawl Space

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Bathroom

Outdoor Features

  • Shed

Schools

  • Olathe K-5 Elementary School
  • Olathe 6-8 Middle School
  • Olathe 9-12 High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 372315217007

Home Details

Home Type

Single Family

Est. Annual Taxes

$530

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Dishwasher
  • Estimated Total Acres: 0.19
  • Class: RESIDENTIAL
  • Em Deposit: 3000
  • Em Holder: Title company
  • Exterior Inclusions: Shed/Storage, Landscaping, Screened-in Porch
  • Legal Lot Block: Lots 13 and 14 (plus east 15ft of 5th Ave vacated by ORD# 111 recorded in Bk-354 Pg-270), Block 3, W.S. Gaines Subdivision to the Town of Olathe, County of Montrose, State of Colorado.
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 372315217007
  • Price Per Sq Ft: 186.98
  • Property Description: Corner
  • Real Estate Included: Yes
  • Realist Id: 3723-152-17-007
  • Residence Stories: 1.5 Story
  • Residence Style: Bungalow
  • Sale/Rent: For Sale
  • Siding: Wood
  • Sold Price Sq Ft: 186.98
  • Street Descriptionaccess: City/Town, Public
  • Street Designation: Street
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Internet Service: Yes
  • Total Taxes Dollar: 529.80
  • Year Built: 1913
  • Foreign Owned Y N: No
  • Prop Description Remarks: **06/23/2023** Title issue has been resolved and sale can move forward. Painted and ready to go!! The Assessor records show 1,091 sq.ft. but there is also a finished living area on the upper floor and a partially finished basement. The upper floor is approximately 275 sq.ft. and has been used as a bedroom in the past. This area does not meet measuring standards to be included in the GLA square footage estimate but it is definitely usable space. The basement is approximately 730 sq.ft. and is about 60% finished. The exterior has just been painted, as have all of the outbuildings, and there is a newer furnace and hot water heater.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 18

Interior Features

  • Dining Room: Living Room Dining
  • Bedrooms: 1
  • Flooring: Hardwood, Vinyl, Laminate
  • Estimated Total Sq Ft: 1091
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 1
  • Foundation: Basement-partial finish, Crawl Space
  • Main Level Sq Ft: 1091
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Windows: Single Pane
  • Construction Type: Wood
  • Exterior Structures: Shed, Woodshed
  • Roof: Asphalt

Utilities

  • Utilities: Electric, Natural Gas
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Forced Air
  • Sewer Supplier: Town of Olathe
  • Water Supplier: Town of Olathe

Schools

  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8
  • High School: Olathe 9-12
  • High School: Olathe 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

MLS Schools

  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2011
Sold by
Lyons Dennis D and Lyons Barbara C
Bought by
Lyons Dennis D and Lyons Barbara L
Current Estimated Value
$191,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1986
Sold by
Underwood Glenn and Underwood Blanche E
Bought by
Lyons Dennis D and Lyons Barbara C

Purchase Details

Closed on
Feb 15, 1986
Sold by
Pierce Samuel R
Bought by
Underwood Glenn and Underwood Blanche E
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
Lyons Dennis D -- None Available
Lyons Dennis D $18,000 --
Underwood Glenn $15,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Layer Jeffrey $200,305
Closed Ayer Jeffrey L $8,012
Closed Lyons Dennis D $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold $204,000 -5.1% $187 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/24/2023 08/24/23 Price Changed $214,900 -2.3% $197 / Sq Ft
06/19/2023 06/19/23 For Sale $219,900 0.0% $202 / Sq Ft
05/04/2023 05/04/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $219,900 -- $202 / 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 $545 $6,880 $1,960 $4,920
2023 $545 $10,960 $3,130 $7,830
2022 $265 $7,190 $1,790 $5,400
2021 $273 $7,390 $1,840 $5,550
2020 $202 $5,570 $1,470 $4,100
2019 $196 $5,570 $1,470 $4,100
2018 $177 $4,860 $1,240 $3,620
2017 $174 $4,860 $1,240 $3,620
2016 $155 $4,370 $1,050 $3,320
2015 $288 $4,370 $1,050 $3,320
2014 $282 $4,550 $1,050 $3,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 802430

Colorado Real Estate Network (CREN)

APN: R0006438