PENDING
$3K PRICE INCREASE
518 W 5th St Palisade, CO 81526
Palisade Area NeighborhoodEstimated payment $3,545/month
Total Views
4,574
3
Beds
2
Baths
1,968
Sq Ft
$304
Price per Sq Ft
Highlights
- RV Access or Parking
- Mature Trees
- Ranch Style House
- 0.57 Acre Lot
- Vaulted Ceiling
- Picket Fence
About This Home
Welcome to W 5th Street and this rare find in Palisade! For the first time in years, a home in this quiet, tucked-away neighborhood is hitting the market - and it’s packed with updates and potential. Sitting on a spacious half-acre lot, this property offers room to stretch out, inside and out, all in a location that’s hard to beat. The home has seen a long list of recent upgrades, including a new roof, evaporative cooler, new carpet, fresh paint, and more - so the heavy lifting is already done. Inside, you’ll find a comfortable and open living area, with a pellet stove that adds warmth and character. The kitchen brings a bit of vintage charm and features a pass-through window to the large rec/family room, which is a perfect spot for gathering with friends or relaxing after a day on the trails. The primary bedroom includes a three-quarter bath, while two additional bedrooms share a full bath just down the hall. Whether you need guest space, a home office, or just a bit more room to breathe, this layout checks the boxes. Out back, the covered deck looks out over a huge yard that’s ready for your vision. There’s space for gardening, games, or simply enjoying the views of the Bookcliffs and the Mesa. You’ll also find a shed, plus a detached garage/shop that’s great for storage, hobbies, or workspace. And let’s talk location: you’re close to everything that makes Palisade so special - just minutes from town, and right near the local park with pickleball courts, soccer fields, and the community pool. It’s a great mix of privacy, space, and convenience. This is more than just a property - it’s a great opportunity in a tight-knit neighborhood where homes rarely become available. Schedule your showing and come see what makes this place so special.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,254
Year Built
- Built in 1975
Lot Details
- 0.57 Acre Lot
- Lot Dimensions are 85x300
- Picket Fence
- Chain Link Fence
- Landscaped
- Sprinkler System
- Mature Trees
Home Design
- Ranch Style House
- Wood Frame Construction
- Asphalt Roof
- Wood Siding
Interior Spaces
- 1,968 Sq Ft Home
- Vaulted Ceiling
- Family Room
- Living Room
- Dining Room
- Crawl Space
Kitchen
- Electric Oven or Range
- Dishwasher
- Laminate Countertops
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
- Walk-in Shower
Laundry
- Laundry on main level
- Laundry in Kitchen
- Washer and Dryer Hookup
Parking
- 2 Car Detached Garage
- Garage Door Opener
- RV Access or Parking
Accessible Home Design
- Low Threshold Shower
- Grab Bar In Bathroom
Outdoor Features
- Covered Deck
- Shed
- Shop
Schools
- Taylor Elementary School
- Mt Garfield Middle School
- Palisade High School
Utilities
- Evaporated cooling system
- Pellet Stove burns compressed wood to generate heat
- Baseboard Heating
- Hot Water Heating System
Community Details
- Town Of Palisade Subdivision
Listing and Financial Details
- Assessor Parcel Number 2937-092-19-022
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,988 | $30,530 | $6,870 | $23,660 |
| 2023 | $1,988 | $30,530 | $6,870 | $23,660 |
| 2022 | $1,585 | $25,430 | $4,520 | $20,910 |
| 2021 | $1,594 | $26,160 | $4,650 | $21,510 |
| 2020 | $1,155 | $20,940 | $4,650 | $16,290 |
| 2019 | $1,103 | $20,940 | $4,650 | $16,290 |
| 2018 | $1,038 | $19,180 | $3,380 | $15,800 |
| 2017 | $795 | $19,180 | $3,380 | $15,800 |
| 2016 | $795 | $18,260 | $3,380 | $14,880 |
| 2015 | $803 | $18,260 | $3,380 | $14,880 |
| 2014 | $846 | $18,910 | $3,580 | $15,330 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 07/26/2025 07/26/25 | Price Changed | $598,000 | -0.2% | $304 / Sq Ft |
| 07/14/2025 07/14/25 | Price Changed | $599,000 | +0.7% | $304 / Sq Ft |
| 07/14/2025 07/14/25 | For Sale | $595,000 | 0.0% | $302 / Sq Ft |
| 06/29/2025 06/29/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $595,000 | -- | $302 / Sq Ft |
Source: Grand Junction Area REALTOR® Association
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $42,550 | Unknown | |
| Closed | $44,100 | Unknown |
Source: Public Records
About the Listing Agent
Doug and Lindsey Yochem are a high-performing real estate duo with the Christi Reece Group, proudly serving the Grand Junction, Fruita, and Palisade markets. With over 70 homes sold since becoming licensed, they’ve quickly earned a reputation for delivering exceptional client care and results. They are Certified Negotiation Experts and currently rank among the top 25 agents in their MLS, making them a trusted choice for both buyers and sellers in the Grand Valley.
Before launching their real
Doug and Lindsey's Other Listings
Source: Grand Junction Area REALTOR® Association
MLS Number: 20253002
APN: 2937-092-19-022
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