NOT LISTED FOR SALE

518 N Park Ave Montrose, CO 81401

Estimated Value: $355,000 - $419,000

3 Beds
2 Baths
1,280 Sq Ft
$300/Sq Ft Est. Value

Last Sold July 26, 2022

Last sale price $350,000 $273 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,103/month

Highlights

  • Deck
  • Wood Flooring
  • Picket Fence
  • Ranch Style House
  • Covered Patio or Porch
  • 4-minute walk to Buckley Park

About This Home

As of July 2022

This attractive downtown bungalow has been lovingly updated, to include brand new interior and exterior paint, a new deck, new windows, new electrical and plumbing/sewer, refinished original flooring, and an added bathroom and closet in the back of the home. The home features a functional split floor plan layout, with a custom bar top with installed lighting feature. The full bath has been completely remodeled as well. From the spacious living area, find a well appointed kitchen, with a barn door leading into the large laundry room. The master bedroom just to the back off the kitchen features a new 3/4 bath, walk-in closet with flexible storage space, and access from this master to the back patio. Fully fenced, the yard includes the shed, sprinklers, a garden area, and lush landscaping. Off the back of the home is a finished flex space with cooling, excellent for use as a studio, craft space, and more! The detached single car garage/carriage house is off the back alley as well. Make this charming property your HAPPY home today!

Last Agent to Sell the Property

Kerri Noonan-Inda

NextHome Virtual Listed on: 06/21/2022

NextHome Virtual

Last Buyer's Agent

Dana Gleason

Coldwell Banker Distinctive Properties

Coldwell Banker Distinctive Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $869

Year Built

  • Built in 1909 | Remodeled in 2022

Lot Details

  • 8,407 Sq Ft Lot
  • Picket Fence
  • Property is Fully Fenced
  • Chain Link Fence
  • Landscaped
  • Sprinkler System

Parking

  • 1 Car Detached Garage

Home Design

  • Ranch Style House
  • Composition Roof
  • Asbestos Siding
  • Siding
  • Stick Built Home

Interior Spaces

  • 1,280 Sq Ft Home
  • Ceiling Fan
  • Vinyl Clad Windows
  • Washer and Dryer Hookup
  • Basement

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Separate Outdoor Workshop
  • Shed

Schools

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

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 376728117009

Home Details

Home Type

Single Family

Est. Annual Taxes

$869

Year Built

Built in 1909 | Remodeled in 2022

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Microwave
  • Estimated Total Acres: 0.193
  • Class: RESIDENTIAL
  • Em Deposit: 4,000.00
  • Em Holder: Land Title
  • Exterior Inclusions: Shed/Storage, Landscaping, Patio, Deck, Lawn Sprinklers, Covered Porch
  • Interior Inclusions: Ceiling Fan(s), W/D Hookup, Walk In Closet
  • Legal Lot Block: SUBD: MARCHANT PEABODYS SUBD BLOCK: 28 LOT: 20 THRU:- LOT: 22 S: 28 T: 49 R: 9
  • List Price per Sq Ft: 273.44
  • Lot Dimension: .19
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 376728117009
  • Price Per Sq Ft: 273.44
  • Real Estate Included: Yes
  • Residence Stories: One Story
  • Residence Style: Ranch
  • Sale/Rent: For Sale
  • Siding: Masonite, Asbestos Siding
  • Sold Price Sq Ft: 273.44
  • Street Descriptionaccess: City/Town
  • Street Designation: Avenue
  • Tax Account Id: R0002718
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Internet Provider: Elevate
  • Internet Service: Yes
  • Total Taxes Dollar: 869.28
  • Year Built: 1909
  • Year Renovated: 2022
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 17

Interior Features

  • Dining Room: Kitchen Bar, Eat-in Kitchen
  • Bedrooms: 3
  • Flooring: Carpet-Partial, Hardwood, Tile, Stained/Stamped Concrete
  • Estimated Total Sq Ft: 1280
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 2
  • Foundation: Basement-dug out
  • Main Level Sq Ft: 1280
  • Total Office Den: 0

Exterior Features

  • Fence: Chain Link, Picket, Full Property
  • Windows: Vinyl
  • Construction Type: Wood Frame
  • Exterior Structures: Garage, Shed, Workshop
  • Roof: Composition

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 1

Utilities

  • Utilities: Electric, Natural Gas, Internet
  • Cooling: Evaporative Cooler
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Forced Air
  • 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

Tax Info

  • Tax Year: 2021

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2022
Closed on
Jul 26, 2022
Sold by
Lerdall Dallen R
Bought by
Katz Stephen and Katz Lisa
Seller's Agent
Kerri Noonan-Inda
NextHome Virtual
Buyer's Agent
Dana Gleason
Coldwell Banker Distinctive Properties
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$384,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,150
Avg. Annual Appreciation
2.90%
Original Mortgage
$315,000
Outstanding Balance
$300,473
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$83,677

Purchase Details

Closed on
Dec 14, 2017
Sold by
Lucero Della M and The Estate Of Angella C Lucero
Bought by
Lerdall Dallen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,011
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 1995
Sold by
Lucero Joe B and Lucero Clotilda A
Bought by
Lucero Angela Clotilda

Purchase Details

Closed on
Jul 22, 1994
Sold by
Lucero Joe B and Lucero Clotilde A
Bought by
Lucero Angela Clotilde

Purchase Details

Closed on
Jul 14, 1972
Sold by
Race Lowell E and Race Dorothy M
Bought by
Lucero Joe B and Lucero Clotilda A
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
Katz Stephen $350,000 Land Title
Lerdall Dallen R $165,000 None Available
Lucero Angela Clotilda -- --
Lucero Angela Clotilde -- --
Lucero Joe B $10,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katz Stephen $315,000
Previous Owner Lerdall Dallen R $162,011
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2022 07/26/22 Sold $350,000 0.0% $273 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $350,000 -- $273 / 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 $1,111 $15,610 $3,430 $12,180
2023 $1,111 $20,020 $4,400 $15,620
2022 $868 $12,610 $3,200 $9,410
2021 $894 $12,970 $3,290 $9,680
2020 $732 $10,910 $2,840 $8,070
2019 $737 $10,910 $2,840 $8,070
2018 $552 $7,970 $2,290 $5,680
2017 $274 $7,970 $2,290 $5,680
2016 $256 $7,590 $2,310 $5,280
2015 $503 $7,590 $2,310 $5,280
2014 $399 $6,440 $2,310 $4,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 795114

Colorado Real Estate Network (CREN)

APN: R0002718