$1,240,000
SOLD OCT 4, 2024

521 5th St Ouray, CO 81427

3 Beds
2.5 Baths
2,826 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$439 Per Sq Ft

21% Below List Price

367 Days on Market

Highlights

  • RV or Boat Parking
  • Mountain View
  • Den with Fireplace
  • Waterfront
  • Contemporary Architecture
  • Wooded Lot

About This Home

As of October 2024

Discover this meticulously crafted home in the Heart of Ouray, strategically positioned to embrace the charm of the Gem of the Rockies. Nestled at the base of the beloved Vinegar Hill, Ouray's iconic sledding spot, this residence offers sweeping vistas of the valley, including the Rock of Ages and Twin Peaks. Living here provides direct access to popular hiking destinations like Chief Ouray Mine, Cascade Falls, Box Canyon, Perimeter Trail, and the Ice Park. Ouray School, essential shops, restaurants, and the Hot Springs are all within easy walking distance. What sets this location apart is its tranquility and privacy. This residential enclave experiences minimal traffic and prohibits short-term rentals, ensuring a serene atmosphere without the hustle and bustle found in other parts of town. The house itself is a masterpiece with exquisite interior and exterior finishes. Spacious rooms, elegant trim work, regal lighting fixtures, and oversized windows create warm and inviting spaces for gatherings with loved ones. Approaching the main entrance, you'll ascend a grand stairway from the generous west-side parking area, passing manicured gardens and a charming brick sitting area. The soothing sound of flowing hot spring water, a testament to Ouray's allure, can be enjoyed year-round from the west-facing wrap-around front porch. Inside, the front entrance welcomes you with an impressive winding stairway leading to the upper level and an open floorplan on the main level. To your right, a beautiful sitting room boasts a built-in fireplace and windows overlooking the Sledding Hill and Town. Moving towards the rear, a spacious dining room awaits your guests. Adjacent is a sizable media-family room connected to a secluded mountain patio with a built-in barbecue, stone walls, and manicured gardens. The kitchen is a culinary haven, featuring marble counters, top-of-the-line appliances, a walk-in pantry, and ornate custom cabinetry. The stairway to the upper level is a work of art itself, leading to a versatile space at the front of the home ideal for an office, library, or workout room. As you progress towards the back, you'll discover the impressive guest bathroom and two spacious bedrooms along the southern side. At the rear of the home, a splendid primary suite boasts east-facing windows and a spacious, luxurious bath. The rounded cupola area within the bathroom provides a breathtaking view of the mountains. The property offers a two-car oversized garage accessed from the alley on the east side and a small garage underneath the front area that can serve as a gear storage space for ATVs, golf carts, or a Jeep. It also houses the ultra-efficient natural gas in-floor heating system. This meticulously maintained home in Southwest Colorado is suitable for year-round living, a seasonal escape, or weekend retreat. The sellers are generously offering it fully furnished, with just a few exceptions, simplifying your transition. If you've ever dreamt of calling Ouray your home, don't miss the opportunity to make this regal residence in the Heart of Ouray your new legacy. Schedule a viewing today.

Last Agent to Sell the Property

Todd Schroedel

United Country Sneffels Realty Listed on: 09/02/2023

Last Buyer's Agent

Kayla Karsh

Ouray Real Estate Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,836

Year Built

  • Built in 2000

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x142
  • Waterfront
  • Landscaped
  • Corners Of The Lot Have Been Marked
  • Wooded Lot

Property Views

  • Mountain
  • Valley

Home Design

  • Contemporary Architecture
  • Victorian Architecture
  • Architectural Shingle Roof
  • Stone Siding
  • Stick Built Home

Interior Spaces

  • 3-Story Property
  • Central Vacuum
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Heatilator
  • Fireplace With Glass Doors
  • Fireplace Features Blower Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Window Treatments
  • Formal Dining Room
  • Den with Fireplace
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • RV or Boat Parking

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Thermostat

Outdoor Features

  • Covered patio or porch
  • Outdoor Gas Grill

Location

  • Property is near a golf course

Schools

  • Ouray K-6 Elementary School
  • Ouray 7-8 Middle School
  • Ouray 9-12 High School

Utilities

  • Vented Exhaust Fan
  • Boiler Heating System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • High Speed Internet
  • Internet Available
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 451531110004

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,836

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Appliance Inclusions: Range Top, Refrigerator, Washer, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Microwave
  • Estimated Total Acres: 0.16
  • Class: RESIDENTIAL
  • Elevation: 7800
  • Em Deposit: 25,000.00
  • Em Holder: Colorado Title
  • Exterior Inclusions: Storm Windows/Doors, Covered Porch, Gas Grill, Landscaping, Patio
  • Fronts: Vinegar Hill-Sledding Hll
  • Interior Inclusions: Window Coverings, All Furnishings, Cathedral Ceiling, Ceiling Fan(s), Granite Counters, Pantry, Security System, Central Vacuum, Garage Door Opener
  • Legal Lot Block: Subd: CITY OF OURAY Lot: 5 Block: 35 Subd: CITY OF OURAY Lot: 6 Block: 35 S: 31 T: 44 R: 7
  • Lot Dimension: 50x142
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 451531110004
  • Price Per Sq Ft: 438.78
  • Property Attached: Yes
  • Property Description: Wooded Lot, Golf Course Near, Boundaries Surveyed, Corners Marked
  • Real Estate Included: Yes
  • Realist Id: 4515-311-10-004
  • Residence Stories: Three Story
  • Residence Style: Contemporary, Victorian, Modern
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Stone
  • Sold Price Sq Ft: 438.78
  • Street Descriptionaccess: City/Town, Gravel, Public Winter Maintenance
  • Street Designation: Street
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Internet Service: Yes
  • Total Taxes Dollar: 2835.92
  • Year Built: 2000
  • Foreign Owned Y N: No
  • Prop Description Remarks: Discover this meticulously crafted home in the Heart of Ouray, strategically positioned to embrace the charm of the Gem of the Rockies. Nestled at the base of the beloved Vinegar Hill, Ouray's iconic sledding spot, this residence offers sweeping vistas of the valley, including the Rock of Ages and Twin Peaks. Living here provides direct access to popular hiking destinations like Chief Ouray Mine, Cascade Falls, Box Canyon, Perimeter Trail, and the Ice Park. Ouray School, essential shops, restaurants, and the Hot Springs are all within easy walking distance. What sets this location apart is its tranquility and privacy. This residential enclave experiences minimal traffic and prohibits short-term rentals, ensuring a serene atmosphere without the hustle and bustle found in other parts of town. The house itself is a masterpiece with exquisite interior and exterior finishes. Spacious rooms, elegant trim work, regal lighting fixtures, and oversized windows create warm and inviting spaces for gatherings with loved ones. Approaching the main entrance, you'll ascend a grand stairway from the generous west-side parking area, passing manicured gardens and a charming brick sitting area. The soothing sound of flowing hot spring water, a testament to Ouray's allure, can be enjoyed year-round from the west-facing wrap-around front porch. Inside, the front entrance welcomes you with an impressive winding stairway leading to the upper level and an open floorplan on the main level. To your right, a beautiful sitting room boasts a built-in fireplace and windows overlooking the Sledding Hill and Town. Moving towards the rear, a spacious dining room awaits your guests. Adjacent is a sizable media-family room connected to a secluded mountain patio with a built-in barbecue, stone walls, and manicured gardens. The kitchen is a culinary haven, featuring marble counters, top-of-the-line appliances, a walk-in pantry, and ornate custom cabinetry. The stairway to the upper level is a work of art itself, leading to a versatile space at the front of the home ideal for an office, library, or workout room. As you progress towards the back, you'll discover the impressive guest bathroom and two spacious bedrooms along the southern side. At the rear of the home, a splendid primary suite boasts east-facing windows and a spacious, luxurious bath. The rounded cupola area within the bathroom provides a breathtaking view of the mountains. The property offers a two-car oversized garage accessed from the alley on the east side and a small garage underneath the front area that can serve as a gear storage space for ATVs, golf carts, or a Jeep. It also houses the ultra-efficient natural gas in-floor heating system. This meticulously maintained home in Southwest Colorado is suitable for year-round living, a seasonal escape, or weekend retreat. The sellers are generously offering it fully furnished, with just a few exceptions, simplifying your transition. If you've ever dreamt of calling Ouray your home, don't miss the opportunity to make this regal residence in the Heart of Ouray your new legacy. Schedule a viewing today.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 20

Interior Features

  • Dining Room: Eat-in Kitchen, Separate Dining
  • Bedrooms: 3
  • Flooring: Tile, Carpet-Partial, Hardwood
  • Estimated Total Sq Ft: 2826
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Fireplace Location Type: Heat-O-Later, Den/Family Room, Fireplace Blowers, Glass Doors
  • Foundation: Crawl Space
  • Main Level Sq Ft: 1460
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0
  • Upper Level Sq Ft: 1367

Exterior Features

  • Windows: Double Pane, Low Emittance
  • Construction Type: Wood Frame, Concrete/Block
  • Roof: Architectural Shingles
  • Views: Mountains, Valley
  • Waterfront: Yes

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 3

Utilities

  • Utilities: Electric, Phone - Landline, Natural Gas, Internet, Internet - DSL, Phone - Cell Reception
  • Electric Supplier: San Miguel Power Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Boiler
  • Sewer Supplier: City of Ouray
  • Water Heater: Tankless
  • Water Supplier: City of Ouray

Schools

  • Elementary School: Ouray K-6
  • Middle School: Ouray 7-8
  • High School: Ouray 9-12
  • High School: Ouray 9-12

Green Features

  • Green Efficient: Appliances, Thermostat/Controllers, Water Heater, Heating

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

MLS Schools

  • Elementary School: Ouray K-6
  • Middle School: Ouray 7-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2023
Closed on
Oct 4, 2024
Sold by
Iuppenlatz Mark J and Iuppenlatz Andrea R
Bought by
Weston Richard and Shinew Kimberly Jo
Seller's Agent
Todd Schroedel
United Country Sneffels Realty
Buyer's Agent
Kayla Karsh
Ouray Real Estate Corporation
List Price
$1,575,000
Sold Price
$1,240,000
Premium/Discount to List
-$335,000
-21.27%
Total Days on Market
367
Views
661
Current Estimated Value
$1,204,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,293
Avg. Annual Appreciation
-4.04%
Original Mortgage
$700,000
Outstanding Balance
$696,122
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$508,585

Purchase Details

Closed on
Oct 8, 2020
Sold by
Bunten Laurie A and Bunten Donna J
Bought by
Iuppenlatz Mark J and Iuppenlatz Andrea R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 1990
Bought by
Bunten Laurie A
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,240,000 Land Title Guarantee
Warranty Deed $675,000 Land Title Guarantee Co
Deed $33,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $540,000 Commercial
Previous Owner $364,000 New Conventional
Previous Owner $51,100 Credit Line Revolving
Previous Owner $387,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2024 10/04/24 Sold $1,240,000 -4.5% $439 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
08/01/2024 08/01/24 Price Changed $1,299,000 -12.5% $460 / Sq Ft
06/18/2024 06/18/24 Price Changed $1,485,000 -0.7% $525 / Sq Ft
04/14/2024 04/14/24 Price Changed $1,495,000 -5.1% $529 / Sq Ft
09/02/2023 09/02/23 For Sale $1,575,000 -- $557 / 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 $4,158 $66,970 $9,210 $57,760
2023 $4,158 $70,320 $9,670 $60,650
2022 $2,836 $45,400 $9,040 $36,360
2021 $2,897 $46,710 $9,300 $37,410
2020 $2,303 $44,640 $10,090 $34,550
2019 $2,303 $44,640 $10,090 $34,550
2018 $1,917 $37,680 $11,610 $26,070
2017 $1,900 $37,680 $11,610 $26,070
2016 $1,985 $42,700 $12,120 $30,580
2015 -- $42,700 $12,120 $30,580
2012 -- $38,780 $13,230 $25,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 807605

Colorado Real Estate Network (CREN)

APN: R000734