NOT LISTED FOR SALE

540 W Colorado Ave Grand Junction, CO 81501

Downtown Grand Junction Neighborhood

Estimated Value: $196,000 - $259,012

2 Beds
1 Bath
855 Sq Ft
$277/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $210,000 $246 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,321/month

30 Days on Market

Highlights

  • RV Access or Parking
  • 1 Car Detached Garage
  • Tile Flooring
  • Ranch Style House
  • Living Room
  • Dining Room

About This Home

As of July 2023

Great little investment property or owner occupied! 2 bedroom, 1 bath home that was remodeled with new cabinets, countertops and appliances in 2017. New roof in 2022 and new swamp cooler 2023. Detached garage, chain link fenced front yard. Great location by the River Trail in Riverside for you to walk or ride your bike. The lot size is large enough for an ADU. Located close to the new Dos Rios subdivision. You'll enjoy the nice family park in the subdivision. NO HOA! Plenty of parking. Tenant was renting for $950.00 a month.

Last Agent to Sell the Property

Vicki Dennis

MONUMENT RIDGE PROPERTY MANAGEMENT License #FA40002919 Listed on: 06/01/2023

Last Buyer's Agent

Mark Wingerter

RONIN REAL ESTATE PROFESSIONALS ERA POWERED License #EA100042751

RONIN REAL ESTATE PROFESSIONALS ERA POWERED

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $808

Year Built

  • Built in 1908

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 49.9 x 155.8
  • Vinyl Fence
  • Chain Link Fence
  • Property is zoned R8

Home Design

  • Ranch Style House
  • Mudsill Foundation
  • Stem Wall Foundation
  • Wood Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Metal Construction or Metal Frame

Interior Spaces

  • 855 Sq Ft Home
  • Window Treatments
  • Living Room
  • Dining Room
  • Laundry on main level

Kitchen

  • Electric Oven or Range
  • Range Hood

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • RV Access or Parking

Utilities

  • Evaporated cooling system
  • Space Heater

Listing and Financial Details

  • Assessor Parcel Number .18
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$808

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Estimated Main Sq Ft: 855
  • Bathroom Level: M-Main Level
  • Bedroom 2 Conforming: Yes
  • Bedroom 2 Level: Main
  • Bedroom 2 Size: 10.9 x 9
  • Construction: Metal Frame, Wood Frame
  • Current Use: Residential
  • Dining Rm Lvl: Main
  • Dining Rm Size: 8 x 9.4
  • Dining Rm Type: Combo
  • Elevation: 4597
  • Exterior Features: Rv Parking
  • Fronts: S
  • Gas Company: Xcel
  • Heating Type: Natural Gas, Space Heater
  • How Built: Site Built
  • Kitchen Lvl: Main
  • Laundry Rm Location: Hall/Closet
  • Laundry Rm Lvl: Main
  • Laundry Rm Size: 5 x 6
  • Living Rm Lvl: Main
  • Living Rm Size: 12 x 19
  • Lot Dimensions: 49.9 x 155.8
  • Master Bdrm Conforming: Yes
  • Master Bdrm Lvl: Main
  • Master Bdrm Size: 10.9 x 10.9
  • Bedrooms: 2
  • Property Type: Residential
  • Real Estate Incl: Yes
  • Sewer: Sewer Installed
  • Sewer Company: City Of Gj
  • Street Desc Access: City/Town
  • Style: Ranch
  • Taxes: 808.05
  • Tax Year: 2023
  • Total Acres: 0.18
  • Total Apx Sq Ft: 855
  • Type: Single Family
  • Water: City Water
  • Zoning: R8
  • Year Built: 1908
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2107

Interior Features

  • Kitchen Size: 11.2 x 11.7
  • Bathroom Description: full
  • Appliances: Electric Range Oven, Range Hood, Refrigerator
  • Basement Foundation: Mud Sill, Stem Wall
  • Floor: Carpet, Tile
  • Interior Amenities: Garage Door Opener, Window Coverings, 5903
  • Bathrooms: 1
  • Price Per Sq Ft: 245.61

Exterior Features

  • Fence: Chain Link, Vinyl
  • Exterior Siding: Wood
  • Roof: Asphalt Composition

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Capacity: 1

Utilities

  • Cooling Type: Evaporative Cooler
  • Electric Company: Xcel
  • Water Company: City

Schools

  • Elementary School: Wingate
  • Middle School: Redlands
  • High School: Grand Junction

Lot Info

  • Lot Description: 0' - 75' Frontage
  • Lot Size: A: 0-0.24
  • Parcel Number: .18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Jul 31, 2023
Sold by
540 W Colorado Llc
Bought by
Cook Weston
Seller's Agent
Vicki Dennis
MONUMENT RIDGE PROPERTY MANAGEMENT
Buyer's Agent
Mark Wingerter
RONIN REAL ESTATE PROFESSIONALS ERA POWERED
List Price
$215,000
Sold Price
$210,000
Premium/Discount to List
-$5,000
-2.33%
Views
52
Current Estimated Value
$236,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,503
Avg. Annual Appreciation
5.54%
Original Mortgage
$206,196
Outstanding Balance
$201,597
Interest Rate
6.69%
Mortgage Type
FHA
Estimated Equity
$33,830

Purchase Details

Listed on
Nov 21, 2016
Closed on
Mar 31, 2017
Sold by
Suenos Corporation
Bought by
540 W Colorado Llc
Seller's Agent
Sheri Griego
PRESTIGE REALTY, LLC
Buyer's Agent
Vicki Dennis
MONUMENT RIDGE PROPERTY MANAGEMENT
List Price
$65,000
Sold Price
$35,000
Premium/Discount to List
-$30,000
-46.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.72%

Purchase Details

Closed on
Oct 20, 2015
Sold by
Solis Alejandro and Ruiz Estrella
Bought by
Ruiz Estrella

Purchase Details

Closed on
Feb 12, 2004
Sold by
Suenos Corp
Bought by
Solis Alejandro and Ruiz Estrella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,500
Interest Rate
8.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 1, 1995
Sold by
Suenos Corporation
Bought by
540 W Colorado Llc

Purchase Details

Closed on
Aug 21, 1995
Sold by
Duran Victor A
Bought by
540 W Colorado Llc

Purchase Details

Closed on
Oct 17, 1990
Sold by
Duran Victor A
Bought by
540 W Colorado Llc

Purchase Details

Closed on
Sep 25, 1990
Sold by
Roth Associates
Bought by
540 W Colorado Llc

Purchase Details

Closed on
Dec 26, 1989
Sold by
Roth Charles L
Bought by
540 W Colorado Llc

Purchase Details

Closed on
Sep 28, 1989
Sold by
Roth Charles L
Bought by
540 W Colorado Llc

Purchase Details

Closed on
Jun 30, 1989
Sold by
Roth Associates
Bought by
540 W Colorado Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cook Weston $210,000 None Listed On Document
540 W Colorado Llc $35,000 Fidelity National Title Ins
Ruiz Estrella -- None Available
Solis Alejandro $53,500 Meridian Land Title Llc
540 W Colorado Llc -- --
540 W Colorado Llc $35,000 --
540 W Colorado Llc -- --
540 W Colorado Llc $23,000 --
540 W Colorado Llc -- --
540 W Colorado Llc -- --
540 W Colorado Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cook Weston $206,196
Closed Cook Weston $8,247
Previous Owner Solis Alejandro $48,500
Previous Owner Suenos Corp $14,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $210,000 -2.3% $246 / Sq Ft
07/01/2023 07/01/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $215,000 0.0% $251 / Sq Ft
06/05/2023 06/05/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $215,000 +514.3% $251 / Sq Ft
03/31/2017 03/31/17 Sold $35,000 -46.2% $41 / Sq Ft
03/09/2017 03/09/17 Pending -- -- --
11/21/2016 11/21/16 For Sale $65,000 -- $76 / Sq Ft
Source: Grand Junction Area REALTOR® Association

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 $504 $8,220 $1,620 $6,600
2023 $504 $7,130 $1,550 $5,580
2022 $530 $7,350 $1,560 $5,790
2021 $532 $7,570 $1,610 $5,960
2020 $406 $5,910 $1,610 $4,300
2019 $384 $5,910 $1,610 $4,300
2018 $374 $5,280 $1,440 $3,840
2017 $372 $5,280 $1,440 $3,840
2016 $477 $5,030 $1,590 $3,440
2015 $320 $5,030 $1,590 $3,440
2014 $319 $5,060 $1,590 $3,470
Source: Public Records

Agents Affiliated with this Home

  • Vicki Dennis

    Seller's Agent in 2023

    Vicki Dennis

    MONUMENT RIDGE PROPERTY MANAGEMENT

    (970) 270-3640

    19 in this area

    51 Total Sales

    Vicki Dennis
    Section Image
  • Mark Wingerter

    Buyer's Agent in 2023

    Mark Wingerter

    RONIN REAL ESTATE PROFESSIONALS ERA POWERED

    (970) 985-8169

    10 in this area

    63 Total Sales

    Mark Wingerter
    Section Image
  • Sheri Griego

    Seller's Agent in 2017

    Sheri Griego

    PRESTIGE REALTY, LLC

    (970) 250-1675

    14 in this area

    109 Total Sales

    Sheri Griego
    Section Image

  • J

    Seller Co-Listing Agent in 2017

    JOSE LUCERO

    PRESTIGE REALTY, LLC

    (970) 985-1181

    2 Total Sales

    JOSE LUCERO
    Section Image
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Map

Source: Grand Junction Area REALTOR® Association

MLS Number: 20232315

Grand Junction Area REALTOR® Association

APN: 2945-154-19-019

Colorado Mesa County Grand Junction 81501 Downtown Grand Junction

540 W Colorado Ave, Grand Junction, CO

This home is located at 540 W Colorado Ave, Grand Junction, CO 81501 since 01 June 2023 and is currently estimated at $236,503, approximately $276 per square foot. This property was built in 1908. 540 W Colorado Ave is a home located in Mesa County with nearby schools including Wingate Elementary School, Redlands Middle School, and Grand Junction High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Grand Junction Area REALTOR® Association 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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