NOT LISTED FOR SALE

702 W 7th St Cortez, CO 81321

Estimated Value: $29,495

0.43 Acre
$68,593 Price per Acre
18,731 Sq Ft Lot

Last Sold May 05, 2021

Last sale price $25,000

Est. 18% increase in value since last sale

Current estimated payment $184/month

Highlights

  • Mountain View
  • Partially Fenced Property
  • Level Lot
  • Open Space

About This Lot

As of May 2021

ENDLESS OPPORTUNITIES with this centrally located lot, currently zoned COMMERCIAL. Large lot sitting on 0.43 ACRES (18730.8 SQ FT, 125' x 150'). The current owner has been approved in the past to have this zoned as residential. New owner could follow the process to request a zoning variance for residential or even multi-family! Home based business? You got it! This would be an excellent location for any of these, given the proximity to the public elementary school across the street and two other schools located within walking distance. Directly across the street you can enjoy the city owned Hawkins Preserve, which boasts a paved mile of walking/biking trails, as well as archeological sites. Located just one block east of Highway 491/160 S, this provides an ease of access for traffic for this commercial lot. The Seventh Street frontage provides a showcase opportunity for your business, as it is a highly traveled route with its location directly across from the school. A special feature of the lot is the large cottonwood shade tree, which is a rare commodity on Cortez vacant lots. Price does not include sewer, water and electrical utility tap fees, but access to all are nearby. This lot is a STEAL with the abundance of opportunities and the great location!

Last Agent to Sell the Property

Jessica Likes

Century 21 West Slope Realty Listed on: 12/16/2020

Century 21 West Slope Realty

Last Buyer's Agent

Cortez NON MEMBER

NON-MEMBER/FSBO Cortez

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $322

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 125' x 150'
  • Open Space
  • Partially Fenced Property
  • Level Lot
  • Cleared Lot
  • Property is zoned Commercial

Schools

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

Additional Features

  • Mountain Views
  • Phone Available

Listing and Financial Details

  • Security Deposit $1,000
  • Assessor Parcel Number 561127409001

Property Details

Property Type

Land

Est. Annual Taxes

$322

Lot Details

0

Listing Details

  • Class: Land
  • Elevation: 6120
  • Em Holder: WSR Trust Inc.
  • Fronts: Seventh Street
  • Legal Lot Block: Subdivision: SHAFER MINOR Lot: 1 125FTX150FT .43A B 592 P 807
  • Lot Dimension: 125' x 150'
  • Lot Size Acreage: .25-.5 Acres
  • Parcel Id Number: 561127409001
  • Property Description: Cleared, Adj To Open Space
  • Street Descriptionaccess: City/Town, Paved, 100'-150' Frontage
  • Street Designation: Street
  • Tax Account Id: R010432
  • Zoning: Commercial
  • Domestic Sewer: Sewer Tap Available
  • Domestic Water: Public, Tap Available
  • Type: Commercial
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Total Acres: 0.43
  • Current Property Use: Commercial
  • Em Deposit: 1000.00
  • Possible Property Use: Commercial, Residential Single Family, Recreation
  • Price Acre: 69534.88
  • Topography: Level, Sloped, Rolling
  • Price per Sq Ft: 1.6
  • Sewer Tap Avail: Yes
  • Sold Priceacre: 58139.53
  • Water Tap Available: Yes
  • Total Taxes Dollar: 322.40
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Fence: Partial Property
  • Views: Mountains

Utilities

  • Utilities: Electricity Near, Phone Near, Phone - Cell Reception
  • Electric Supplier: Empire Electric Association, Inc
  • Water Supplier: City Of Cortez

Schools

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

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2019

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
May 4, 2021
Sold by
The C & S Coy Family Trust
Bought by
Martinez Patric B
Seller's Agent
Jessica Likes
Century 21 West Slope Realty
Buyer's Agent
Cortez NON MEMBER
NON-MEMBER/FSBO Cortez
List Price
$29,900
Sold Price
$25,000
Premium/Discount to List
-$4,900
-16.39%
Current Estimated Value
$29,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,495
Avg. Annual Appreciation
3.80%

Purchase Details

Closed on
Dec 31, 2016
Sold by
Coy Steven
Bought by
Coy Steven G and Coy Connie L

Purchase Details

Closed on
Jan 28, 2010
Sold by
Ulshafer Lowell
Bought by
Coy Steven

Purchase Details

Closed on
Aug 16, 2007
Sold by
Norcross James and Norcross Marie
Bought by
Ulshafer Lowell
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
Martinez Patric B $25,000 Colorado Ttl & Closing Svcs
Coy Steven G -- None Available
Coy Steven -- None Available
Ulshafer Lowell -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2021 05/05/21 Sold $25,000 -16.4% --
04/24/2021 04/24/21 Pending -- -- --
12/16/2020 12/16/20 For Sale $29,900 -- --
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 $327 $5,568 $5,568 $0
2023 $327 $5,568 $5,568 $0
2022 $313 $5,655 $5,655 $0
2021 $310 $5,655 $5,655 $0
2020 $322 $6,104 $6,104 $0
2019 $322 $6,104 $6,104 $0
2018 $389 $6,100 $6,100 $0
2017 $387 $6,100 $6,100 $0
2016 $350 $6,100 $6,100 $0
2015 $322 $33,250 $0 $0
2014 $375 $6,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 777129

Colorado Real Estate Network (CREN)

APN: R010432