NOT LISTED FOR SALE

506 E 1st Ave Otis, CO 80743

Estimated Value: $301,000 - $440,000

4 Beds
3 Baths
2,350 Sq Ft
$145/Sq Ft Est. Value

Sale Details

Date Sold: December 18, 2025

Last sale price $310,000 $132 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,028 / mo

Highlights

  • Open Floorplan
  • No HOA
  • Walk-In Closet
  • Wood Flooring
  • 3 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of December 2025

This home is located at 506 E 1st Ave, Otis, CO 80743 since 17 October 2025 and is currently estimated at $340,724, approximately $144 per square foot. This property was built in 1919. 506 E 1st Ave is a home located in Washington County with nearby schools including Otis Elementary School and Otis Junior/Senior High School.

Last Agent to Sell the Property

Marty Major

Major Rural Realty, LLC License #100052384 Listed on: 10/17/2025

Last Buyer's Agent

Marty Major

Major Rural Realty, LLC License #100052384 Listed on: 10/17/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $934

Year Built

  • Built in 1919

Lot Details

  • 37,462 Sq Ft Lot
  • Level Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,350 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Free Standing Fireplace
  • Window Treatments
  • Dining Room
  • Wood Flooring

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Otis Elementary And Middle School
  • Otis High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • East Mercure Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 98045001001

Home Details

Home Type

Single Family

Est. Annual Taxes

$934

Year Built

Built in 1919

Lot Details

0.86 Acres

Parking

3

Listing Details

  • Inclusions: Window Coverings,Electric Range/Oven,Dishwasher,Refrigerator,Clothes Washer,Clothes Dryer,Microwave
  • Year Built: 1919
  • Property Sub Type: Residential-Detached
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 0.86
  • Subdivision Name: East Mercure Add
  • Garage Yn: Yes
  • Unit Levels: Tri-Level
  • New Construction: No
  • Building Stories: 3
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2350
  • Special Features: None
  • Stories: 3

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
  • Accessibility Features: Level Lot
  • Has Basement: Partially Finished
  • Total Bedrooms: 4
  • Fireplace Features: Free Standing
  • Fireplace: Yes
  • Interior Amenities: Separate Dining Room, Open Floorplan, Walk-In Closet(s)
  • Window Features: Window Coverings
  • IRESDS_HasFamilyRoom: No
  • Master Bedroom Master Bedroom Level: Upper
  • Master Bedroom Features: Hardwood
  • Room Kitchen Features: Hardwood
  • Master Bathroom Features: Tub+Shower Primary

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure, Lead Paint Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • IRESDS_GarageType: Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Utilities: Natural Gas Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electricity On Property: No
  • Sewer: City Sewer
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Otis
  • HighSchool: Otis
  • Junior High Dist: Otis R-3
  • Middle Or Junior School: Otis

Lot Info

  • Zoning: RES
  • Lot Size Sq Ft: 37462
  • Parcel #: 98045001001
  • Irrigation Water Rights: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 934

Multi Family

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
Oct 17, 2025
Closed on
Dec 18, 2025
Sold by
Bought by
Seller's Agent
Marty Major
Major Rural Realty, LLC
Buyer's Agent
Marty Major
Major Rural Realty, LLC
List Price
$310,000
Sold Price
$310,000
Current Estimated Value
$345,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,284
Avg. Annual Appreciation
18.38%
Original Mortgage
$232,500
Interest Rate
0.0622%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2021
Sold by
Bought by
Source: Public Records
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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
-- None Listed On Document
-- None Listed On Document
$196,500 Other
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
Closed $232,500
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
12/18/2025 12/18/25 Sold $310,000 0.0% $132 / Sq Ft
10/17/2025 10/17/25 Pending -- -- --
10/17/2025 10/17/25 For Sale $310,000 -- $132 / Sq Ft
Source: IRES MLS

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 $2,090 $20,846 $469 $20,377
2024 $2,090 $13,331 $502 $12,829
2023 $934 $79,992 $3,018 $76,974
2022 $693 $6,952 $521 $6,431
2021 $699 $7,152 $536 $6,616
2020 $729 $7,445 $0 $0
2019 $721 $7,446 $536 $6,910
2018 $613 $6,110 $540 $5,570
2016 -- $5,697 $597 $5,100
2015 -- $0 $0 $0
2013 -- $5,565 $597 $4,968
2012 -- $5,565 $597 $4,968
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE1048602

IRES MLS

APN: 98045001001

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