$280,000
SOLD JAN 2, 2025

740 S 5th St Montrose, CO 81401

2 Beds
1 Bath
801 Sq Ft
3,746 Sq Ft Lot

Recently Sold

$350 Per Sq Ft

7% Below List Price

50 Days on Market

Highlights

  • Wood Burning Stove
  • Bungalow
  • 1-Story Property
  • Tankless Water Heater
  • Tile Flooring
  • 2-minute walk to Fox Park

About This Home

As of January 2025

Character abounds in this little gem in the heart of Montrose. This charming home feels open and spacious. Lovely natural light pours into the living room windows as you look out onto the adorable backyard with raised garden beds. Kitchen has been beautifully updated with new appliances, cabinets, countertops and backsplash and opens to dining and living areas. The primary bedroom has nice storage and a walk in closet. This home has a very unique feature...a loft over the living room that offers open air space and adds great storage in this charming bungalow. Updated with solar power to minimize utility costs, three mini-split units to keep you cool in the summer and warm in the winter and the front room has a wood burning stove to cozy up next to in the cold winter months. In addition to the included kitchen appliances, there's also a stackable washer/dryer. Enjoy endless hot water with a tankless water heater. Front and back yards are fully fenced. Living in the heart of Montrose lends itself to the ability to walk or bike to nearly everything, like shopping, schools, the library, banking, coffee shops, restaurants, gyms, bakeries, breweries, and so much more. Most of all you’ll like the established trees that hang over the streets, and the comfort of being centrally located. Zoned Office/Residential. So many possibilities for this property...Would make a great first home, investment or vacation rental.

Last Agent to Sell the Property

Linda Steil

Berkshire Hathaway HomeServices Colorado Properties Listed on: 10/15/2024

Berkshire Hathaway HomeServices Colorado Properties

Last Buyer's Agent

Linda Steil

Berkshire Hathaway HomeServices Colorado Properties Listed on: 10/15/2024

Berkshire Hathaway HomeServices Colorado Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $633

Year Built

  • Built in 1958

Lot Details

  • 3,746 Sq Ft Lot
  • Back and Front Yard Fenced
  • Privacy Fence
  • Chain Link Fence
  • Property is zoned Live/Work

Home Design

  • Bungalow
  • Slab Foundation
  • Composition Roof
  • Stick Built Home

Interior Spaces

  • 801 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Free Standing Fireplace
  • Combination Kitchen and Dining Room
  • Tile Flooring

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Pomona K-5 Elementary School
  • Centennial 6-8 Middle School
  • Montrose 9-12 High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Wood
  • Baseboard Heating
  • Tankless Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 376727315002

Home Details

Home Type

Single Family

Est. Annual Taxes

$633

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal
  • Estimated Total Acres: 0.086
  • Class: RESIDENTIAL
  • Em Deposit: 3,000
  • Em Holder: LTGC
  • Legal Lot Block: SEE ASSOC DOCS
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 376727315002
  • Price Per Sq Ft: 349.56
  • Real Estate Included: Yes
  • Realist Id: 3767-273-15-002
  • Residence Stories: One Story, Loft
  • Residence Style: Bungalow
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 349.56
  • Street Descriptionaccess: City/Town
  • Street Designation: Street
  • Tax Account Id: R0001613
  • Zoning: Residential Single Family, Live/Work
  • Type: Stick Built
  • Internet Provider: Spectrum/Charter
  • Internet Service: Yes
  • Total Taxes Dollar: 632.80
  • Year Built: 1958
  • Foreign Owned Y N: No
  • Prop Description Remarks: Character abounds in this little gem in the heart of Montrose. This charming home feels open and spacious. Lovely natural light pours into the living room windows as you look out onto the adorable backyard with raised garden beds. Kitchen has been beautifully updated with new appliances, cabinets, countertops and backsplash and opens to dining and living areas. The primary bedroom has nice storage and a walk in closet. This home has a very unique feature...a loft over the living room that offers open air space and adds great storage in this charming bungalow. Updated with solar power to minimize utility costs, three mini-split units to keep you cool in the summer and warm in the winter and the front room has a wood burning stove to cozy up next to in the cold winter months. In addition to the included kitchen appliances, there's also a stackable washer/dryer. Enjoy endless hot water with a tankless water heater. Front and back yards are fully fenced. Living in the heart of Montrose lends itself to the ability to walk or bike to nearly everything, like shopping, schools, the library, banking, coffee shops, restaurants, gyms, bakeries, breweries, and so much more. Most of all you’ll like the established trees that hang over the streets, and the comfort of being centrally located. Zoned Office/Residential. So many possibilities for this property...Would make a great first home, investment or vacation rental.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 172260

Interior Features

  • Dining Room: Kitchen/Dining
  • Bedrooms: 2
  • Flooring: Tile
  • Estimated Total Sq Ft: 801
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 1
  • Fireplace Location Type: Free Standing, Woodstove
  • Foundation: Slab
  • Total Office Den: 0

Exterior Features

  • Fence: Chain Link, Privacy, Fenced - Back, Fenced - Front
  • Construction Type: Wood Frame
  • Roof: Composition

Utilities

  • Utilities: Electric, Internet, Phone - Cell Reception
  • Cooling: Ductless system
  • Electric Supplier: Delta-Montrose Electric Association
  • Heating System: Electric Baseboard, Wood Stove
  • Sewer Supplier: City of Montrose
  • Water Heater: Tankless
  • Water Supplier: City of Montrose

Schools

  • Elementary School: Pomona K-5
  • Middle School: Centennial 6-8
  • High School: Montrose 9-12
  • High School: Montrose 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Pomona K-5
  • Middle School: Centennial 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2024
Closed on
Jan 2, 2025
Sold by
Roamin Ryans Living Trust
Bought by
Grignon Jason Thomas and Grignon Danielle Contest
Seller's Agent
Linda Steil
Berkshire Hathaway HomeServices Colorado Properties
Buyer's Agent
Linda Steil
Berkshire Hathaway HomeServices Colorado Properties
List Price
$300,000
Sold Price
$280,000
Premium/Discount to List
-$20,000
-6.67%
Views
63
Current Estimated Value
$285,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,666
Avg. Annual Appreciation
2.57%

Purchase Details

Closed on
Dec 7, 2020
Sold by
Ryan Paul L and Ryan Heather D
Bought by
Roamin Ryans Living Trust

Purchase Details

Listed on
Aug 17, 2020
Closed on
Sep 23, 2020
Sold by
Bell Denise M
Bought by
Ryan Paul L and Ryan Heather D
Seller's Agent
Valerie Meyers
Coldwell Banker Distinctive Properties
Buyer's Agent
Linda Steil
Berkshire Hathaway HomeServices Colorado Properties
List Price
$195,000
Sold Price
$190,000
Premium/Discount to List
-$5,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%
Original Mortgage
$152,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2018
Sold by
Corona Sergio
Bought by
Bell Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2015
Sold by
Merritt Laura M and Merritt James
Bought by
Corona Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,408
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2014
Sold by
Durfee Laura M
Bought by
Merritt Laura M and Merritt James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,443
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2009
Sold by
Dufree Laura M
Bought by
Merritt Laura M and Merritt James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
5.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2002
Sold by
Garcia Andrew J
Bought by
Durfee Laura M

Purchase Details

Closed on
Aug 31, 2001
Sold by
Montoya Kenny R and Montoya Correna J
Bought by
Garcia Andrew J

Purchase Details

Closed on
Apr 20, 1994
Sold by
Desmith Helen L
Bought by
Montoya Kenny R and Montoya Correna J

Purchase Details

Closed on
Aug 10, 1992
Sold by
Lowrey Michael Robert
Bought by
Desmith Helen L

Purchase Details

Closed on
Jul 18, 1990
Sold by
Warren Thomas C and Warren Joe C
Bought by
Lowrey Michael Robert

Purchase Details

Closed on
Jan 11, 1983
Sold by
Sullivan James C and Sullivan Ruth Ann
Bought by
Warren Thomas C and Warren Joe C

Purchase Details

Closed on
Dec 29, 1982
Sold by
Velasquez Linda S
Bought by
Warren Thomas C and Warren Joe C

Purchase Details

Closed on
Sep 5, 1980
Sold by
Velasquez Juan I
Bought by
Velasquez Linda S

Purchase Details

Closed on
Jul 31, 1979
Sold by
Achziger Clarence and Lenderink Garret
Bought by
Velasquez Juan I and Velasquez Linda S
Source: Public Records

Range of Values:

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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

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $280,000 Land Title Guarantee
Special Warranty Deed $280,000 Land Title Guarantee
Interfamily Deed Transfer -- None Available
Special Warranty Deed $190,000 Land Title Guarantee
Warranty Deed $150,000 Land Title Guarantee Co
Warranty Deed $118,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed $50,000 None Available
Warranty Deed $72,000 --
Warranty Deed $65,000 --
Deed $65,500 --
Warranty Deed $27,500 --
Warranty Deed $22,500 --
Warranty Deed -- --
Deed $21,500 --
Deed -- --
Warranty Deed $19,600 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $152,000 New Conventional
Previous Owner $145,500 New Conventional
Previous Owner $120,408 New Conventional
Previous Owner $86,443 New Conventional
Previous Owner $94,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/02/2025 01/02/25 Sold $280,000 -6.7% $350 / Sq Ft
12/04/2024 12/04/24 Pending -- -- --
10/15/2024 10/15/24 For Sale $300,000 +57.9% $375 / Sq Ft
09/24/2020 09/24/20 Sold $190,000 -2.6% $237 / Sq Ft View Prior Sale
08/19/2020 08/19/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $195,000 -- $243 / 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 $662 $9,300 $2,240 $7,060
2023 $662 $13,480 $3,250 $10,230
2022 $749 $10,880 $2,360 $8,520
2021 $772 $11,200 $2,430 $8,770
2020 $639 $9,520 $2,100 $7,420
2019 $643 $9,520 $2,100 $7,420
2018 $487 $7,030 $1,700 $5,330
2017 $483 $7,030 $1,700 $5,330
2016 $479 $7,090 $1,710 $5,380
2015 $470 $7,090 $1,710 $5,380
2014 -- $6,970 $1,710 $5,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 818795

Colorado Real Estate Network (CREN)

APN: R0001613