$350,000

537 N Elm St Cortez, CO 81321

Estimated payment $1,912/month

3 Beds
1 Bath
1,610 Sq Ft
$217 Price per Sq Ft

About This Home

537 N Elm St offers the kind of value-add opportunity investors are constantly searching for in the Cortez market. This property sits on a generous lot with alley access, mature trees, and multiple exterior structures. The location is central and convenient for those looking to be in town. The interior provides substantial square footage to work with, including a large galley kitchen, two separate living areas and multiple spaces that can be reconfigured into additional bedrooms or functional layouts. The home has solid bones and a layout that can be modernized while still offering plenty of room for value appreciation. Many original features remain, giving investors the option to restore vintage character or start fresh with a full remodel. Outside, the property includes a covered parking area, fenced yard, and outbuildings—components that can be revitalized to strengthen resale or rental appeal. The backyard’s open layout and courtyard-like areas add to the potential for creating attractive outdoor living spaces or expanding utility options.

Listing Agent

Aspen Groen

Aspen Groen, Independent Broker Listed on: 12/02/2025

Aspen Groen, Independent Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $826

Year Built

  • Built in 1949

Parking

  • 1 Carport Space

Home Design

  • 1,610 Sq Ft Home
  • Stick Built Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Kemper K-5 Elementary School
  • Cortez 6-8 Middle School
  • Montezuma-Cortez 9-12 High School

Additional Features

  • 7,100 Sq Ft Lot
  • Internet Available

Community Details

  • Slavens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 561126207003

Home Details

Home Type

Single Family

Est. Annual Taxes

$826

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Estimated Total Acres: 0.163
  • Class: RESIDENTIAL
  • Em Deposit: 3000
  • Em Holder: Title
  • Legal Lot Block: Subdivision: SLAVENS Lot: 5-6 Block: 2 B 583 P 554 B 597 P 785 B 600 P 314
  • Parcel Id Number: 561126207003
  • Price Per Sq Ft: 217.39
  • Real Estate Included: Yes
  • Sale/Rent: For Sale
  • Street Designation: Street
  • Type: Stick Built
  • Internet Provider: Century Link
  • Internet Service: Yes
  • Total Taxes Dollar: $826.76
  • Year Built: 1949
  • Foreign Owned Y N: No
  • Prop Description Remarks: 537 N Elm St offers the kind of value-add opportunity investors are constantly searching for in the Cortez market. This property sits on a generous lot with alley access, mature trees, and multiple exterior structures. The location is central and convenient for those looking to be in town. The interior provides substantial square footage to work with, including a large galley kitchen, two separate living areas and multiple spaces that can be reconfigured into additional bedrooms or functional layouts. The home has solid bones and a layout that can be modernized while still offering plenty of room for value appreciation. Many original features remain, giving investors the option to restore vintage character or start fresh with a full remodel. Outside, the property includes a covered parking area, fenced yard, and outbuildings—components that can be revitalized to strengthen resale or rental appeal. The backyard’s open layout and courtyard-like areas add to the potential for creating attractive outdoor living spaces or expanding utility options.
  • Subdv Name: Slavens
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Estimated Total Sq Ft: 1610
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 1
  • Total Office Den: 0

Garage/Parking

  • Carport: Yes
  • Carport Spaces: 1

Utilities

  • Electric Supplier: Empire Electric Association, Inc
  • Gas Supplier: Atmos Energy
  • Sewer Supplier: City of Cortez
  • Water Supplier: City of Cortez

Schools

  • High School: Montezuma-Cortez 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Kemper K-5
  • Middle School: Cortez 6-8

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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 $418 $16,087 $1,946 $14,141
2023 $418 $20,464 $2,475 $17,989
2022 $710 $14,684 $1,130 $13,554
2021 $722 $14,684 $1,130 $13,554
2020 $564 $11,898 $1,243 $10,655
2019 $565 $11,898 $1,243 $10,655
2018 $619 $9,710 $1,120 $8,590
2017 $616 $9,710 $1,120 $8,590
2016 $535 $9,310 $1,240 $8,070
2015 $245 $126,270 $0 $0
2014 $286 $4,650 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2025 12/02/25 For Sale $350,000 -- $217 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Source: Colorado Real Estate Network (CREN)

MLS Number: 830236

Colorado Real Estate Network (CREN)

APN: R009204

Colorado Montezuma County Cortez 81321

537 N Elm St, Cortez, CO

For Sale

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Colorado Real Estate Network (CREN) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Aspen Groen
Listing Agent
Aspen Groen
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Aspen Groen, Independent Broker
(970) 536-1427