NOT LISTED FOR SALE

540 W 7th St Unit 8 Salida, CO 81201

Estimated Value: $578,000 - $627,000

3 Beds
2 Baths
1,378 Sq Ft
$160/mo HOA Fee

Last Sold February 27, 2024

Last sale price $619,250 $449 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,482/month

4 Days on Market

Highlights

  • Primary Bedroom Suite
  • Mountain View
  • Front Porch
  • Longfellow Elementary School Rated 9+
  • End Unit
  • 2 Car Attached Garage

About This Home

As of February 2024

Excellent location just steps away from Salida's walking path which will take you to downtown Salida and the Arkansas River! Spacious, three bedrooms, two bath end unit condominium that has been well maintained. This unit has a two-car attached garage and a fenced astroturf backyard with expanded concrete patio. There is a primary bedroom on the main level with an ensuite 3/4 bathroom and updated shower, as well as a separate laundry room and access to the attached garage. Upstairs you will find two additional bedrooms and a full bathroom. A nice front porch area with minimalistic landscaping and southern exposure. The sellers have successfully rented this unit out for 30+ day tenancy (approximately $15K/year). The HOA covenants do not allow for short term rentals.

Last Agent to Sell the Property

Beatrice Price

Century 21 Community First Brokerage Email: beatrice@firstcolorado.com,719-221-2647 License #100069421 Listed on: 12/21/2023

Century 21 Community First

Last Buyer's Agent

Hayden Mellsop

Pinon Real Estate Group LLC License #100009876

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,258

Year Built

  • Built in 2003

Lot Details

  • End Unit
  • South Facing Home
  • Partially Fenced Property
  • Landscaped

HOA Fees

  • $160 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Rolled or Hot Mop Roof
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 1,378 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Mountain Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Primary Bedroom Suite

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • Smoke Free Home

Outdoor Features

  • Patio
  • Front Porch

Schools

  • Longfellow Elementary School
  • Salida Middle School
  • Salida High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • 220 Volts
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Association fees include insurance, trash
  • 4 Units
  • Mission Hills Association, Phone Number (720) 936-8250
  • Low-Rise Condominium
  • Mission Hills Subdivision

Listing and Financial Details

  • Exclusions: Sellers' personal property.
  • Assessor Parcel Number R368132326009

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,258

Year Built

Built in 2003

Lot Details

0

HOA Fees

$160 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low Rise (1-3)
  • Levels: Two
  • Year Built: 2003
  • Above Grade Finished Sq Ft: 1378
  • Exclusions: Sellers' personal property.
  • Living Area: 1378
  • SubdivisionName: Mission Hills
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBathrooms: 0
  • REC_BasementLevelBedrooms: 0
  • REC_ExpectedActiveDate: 2023-12-22
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 1
  • REC_UpperLevelBedrooms: 2
  • Ratio Close Price By Original Li: 0.99080
  • Attribution Contact: beatrice@firstcolorado.com,719-221-2647
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Primary Suite, Smoke Free
  • Flooring: Carpet, Tile
  • Full Bathrooms: 1
  • Common Walls: End Unit
  • Basement: No
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1

Exterior Features

  • Direction Faces: South
  • Roof: Membrane, Rolled/Hot Mop
  • Construction Materials: Stucco
  • View: Mountain(s)
  • Patio and Porch Features: Front Porch, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Total Parking Spaces: 2
  • REC_ParkingCount: 1

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Natural Gas, Radiant
  • Water Source: Public
  • Electric: 220 Volts
  • Laundry Features: In Unit

Condo/Co-op/Association

  • HOA Fee Includes: Insurance, Trash
  • Association Name: Mission Hills
  • Association Fee Frequency: Monthly
  • Association Fee: 160
  • Phone: 720-936-8250
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 1920.00
  • REC_AssociationFeeTotalAnnual: 1920.00
  • REC_AssociationManagementType: Self Managed
  • REC_MultipleAssociationsYN: 0

Schools

  • Middle Or Junior School: Salida

Lot Info

  • Parcel Number: R368132326009
  • Fencing: Partial
  • Building Area Total: 1378
  • Lot Features: Landscaped

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1258

MLS Schools

  • Elementary School: Longfellow
  • High School: Salida

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2023
Closed on
Feb 23, 2024
Sold by
Plemmons John and Plemmons Tamara
Bought by
Ihrman Megan Erin and Ihrman Christopher Nicholas
Seller's Agent
Beatrice Price
Century 21 Community First
Buyer's Agent
Hayden Mellsop
Pinon Real Estate Group LLC
List Price
$625,000
Sold Price
$619,250
Premium/Discount to List
-$5,750
-0.92%
Views
32
Current Estimated Value
$606,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,837
Avg. Annual Appreciation
-1.28%
Original Mortgage
$464,437
Outstanding Balance
$456,306
Interest Rate
6.66%
Mortgage Type
Construction
Estimated Equity
$150,107

Purchase Details

Closed on
Jul 8, 2020
Sold by
Ralph K Buckwalter Trust
Bought by
Plemmons John and Plemmons Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2014
Sold by
Buckwalter Ralph K and Buckwalter Martha B
Bought by
Ralph K Buckwalter Trust

Purchase Details

Closed on
Jun 2, 2005
Sold by
Davidson Bruce and Davidson Vailia
Bought by
Buckwalter Ralph and Buckwalter Martha B
Source: Public Records

Range of Values:

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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
Ihrman Megan Erin $619,250 None Listed On Document
Plemmons John $352,000 None Available
Ralph K Buckwalter Trust -- None Available
Buckwalter Ralph $191,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ihrman Megan Erin $464,437
Previous Owner Plemmons John $264,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2024 02/27/24 Sold $619,250 -0.9% $449 / Sq Ft
12/21/2023 12/21/23 For Sale $625,000 -- $454 / Sq Ft
Source: REcolorado®

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 $1,284 $28,500 $0 $28,500
2023 $1,242 $28,500 $0 $28,500
2022 $1,258 $26,370 $0 $26,370
2021 $1,261 $27,120 $0 $27,120
2020 $1,224 $25,010 $0 $25,010
2019 $1,226 $25,010 $0 $25,010
2018 $1,078 $22,290 $0 $22,290
2017 $1,050 $22,290 $0 $22,290
2016 $897 $18,630 $0 $18,630
2015 $931 $18,630 $0 $18,630
2014 $931 $18,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 6230901

REcolorado®

APN: R368132326009