NOT LISTED FOR SALE

834, 838, 842 S 1st St Montrose, CO 81401

Estimated Value: $257,000 - $872,000

9 Beds
9 Baths
5,226 Sq Ft
$108/Sq Ft Est. Value

Last Sold May 11, 2023

Last sale price $1,100,000 $210 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $3,367/month

2 Days on Market

Highlights

  • Deck
  • 3 Car Detached Garage
  • Central Air
  • Contemporary Architecture
  • Landscaped
  • Combination Kitchen and Dining Room

About This Home

As of May 2023

This home is located at 834, 838, 842 S 1st St, Montrose, CO 81401 since 28 April 2023 and is currently estimated at $564,500, approximately $108 per square foot. This property was built in 2018. 834, 838, 842 S 1st St is a home located in Montrose County with nearby schools including Pomona Elementary School, Centennial Middle School, and Montrose High School.

Last Agent to Sell the Property

Valerie Meyers

Coldwell Banker Distinctive Properties Listed on: 04/28/2023

Coldwell Banker Distinctive Properties

Last Buyer's Agent

Jennifer Johnson

NextHome Virtual

NextHome Virtual

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,721

Year Built

  • Built in 2018

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 75' x 125'
  • Privacy Fence
  • Fenced
  • Landscaped

Home Design

  • Triplex
  • Contemporary Architecture
  • Metal Roof
  • Stucco

Interior Spaces

  • 5,226 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Schools

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

Additional Features

  • Deck
  • Central Air

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, real estate taxes, water/sewer, ext maintenance (bldg)
  • Assessor Parcel Number 376727309001

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Water Meters
  • Operating Expense $6,000
  • Gross Income $63,600
  • Net Operating Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,721

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Washer, Dishwasher, Disposal, Dryer, Microwave
  • Estimated Total Acres: 0.22
  • Class: Multifamily
  • Em Deposit: 22000
  • Em Holder: land title
  • Exterior Inclusions: Deck, Fence, Landscaped
  • Fronts: S 1st Street
  • Interior Inclusions: W/D Hookup, Window Coverings, Garage Door Opener
  • Legal Lot Block: MONTROSE TOWN OF Block: 20 Lot: 1 THRU:- Lot: 3 S: 27 T: 49 R: 9
  • Lot Dimension: 75' x 125'
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 376727309001
  • Price Per Sq Ft: 210.49
  • Residence Stories: Two Story
  • Residence Style: Contemporary
  • Sale/Rent: For Sale
  • Siding: Stucco
  • Sold Price Sq Ft: 210.49
  • Street Descriptionaccess: City/Town, Paved, 75'-100' Frontage
  • Street Designation: Street
  • Tax Account Id: R0000303
  • Domestic Water Sewer: City Water
  • Heating Fuelsystem: Forced Air
  • Landlord Pays: Building Insurance, Real Estate Taxes, Water/Sewer, Ext Maintenance (Bldg)
  • Metered: Metered for Electricity, Metered for Water
  • Multi Story: Yes
  • Property Mngr: Owner
  • Total Number Electric Meters: 3
  • Total Number Water Meters: 3
  • Type: Triplex
  • Total Taxes Dollar: 3720.68
  • Year Built: 2018
  • Prop Description Remarks: Rare investment Opportunity. Built in 2018 by Paul Sinner, this Tri-plex is fully rented. Each of the three units has 3 bedrooms, 2.5 bathrooms, all appliances, with LTV flooring and partial carpet. Beautifully finished, hard solid counters, and lots of storage space. The exterior is all stucco, metal roofing and iron work details. Each unit has an over sized 1 car garage, and privately fenced back yard.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1074

Interior Features

  • Dining Room: Kitchen/Dining
  • Master Bedroom: Upper Level
  • Estimated Total Sq Ft: 5226
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 9
  • Foundation: Crawl Space
  • Total Office Den: 0

Exterior Features

  • Fence: Privacy
  • Roof: Metal

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Parking Spaces: 3
  • Garage Capacity: 3
  • Parking: 1 per unit, Garage

Utilities

  • Cooling: Central Air
  • Electric Supplier: Delta-Montrose Electric Association
  • Sewer Supplier: City of Montrose
  • Water Supplier: City of Montrose

Schools

  • High School: Montrose 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Tenant Pays: Electric
  • Furnished: Unfurnished

Multi Family

  • No. of Units: 3
  • Gross Annual Expenses: 6000
  • Gross Scheduled Income: 63600
  • Net Operating Income: 57600

Tax Info

  • Tax Year: 2022

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2025
Sold by
Figaro Investments Ltd
Bought by
Figaro Investments Llc
Current Estimated Value
$564,500

Purchase Details

Listed on
Apr 28, 2023
Closed on
May 11, 2023
Sold by
Kjs Real Estate Llc
Bought by
Figaro Investments Ltd
Seller's Agent
Valerie Meyers
Coldwell Banker Distinctive Properties
Buyer's Agent
Jennifer Johnson
NextHome Virtual
List Price
$1,100,000
Sold Price
$1,100,000
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-23.67%

Purchase Details

Closed on
Oct 14, 2013
Sold by
Stanley Karin J
Bought by
Kjs Real Estate Llc

Purchase Details

Closed on
Dec 21, 2012
Sold by
Sarnstrom Paul
Bought by
Stanley Karin J

Purchase Details

Closed on
Oct 6, 1989
Sold by
Sanders Mardell J and Fetchenhier Scott L
Bought by
Sarnstrom Paul

Purchase Details

Closed on
Feb 15, 1983
Sold by
Woldruff James Thomas
Bought by
Sanders Mardell J and Fetchenhier Scott L

Purchase Details

Closed on
Feb 18, 1977
Sold by
Balderston George G and Balderston Margaret Jean
Bought by
Woldruff James Thomas
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 Buyer Sale Price Title Company
Figaro Investments Llc -- None Listed On Document
Figaro Investments Ltd $1,100,000 None Listed On Document
Kjs Real Estate Llc -- None Available
Stanley Karin J $85,000 Colorado Land Title Co Llc
Sarnstrom Paul $34,500 --
Sanders Mardell J $30,000 --
Woldruff James Thomas -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2023 05/11/23 Sold $1,100,000 0.0% $210 / Sq Ft
04/30/2023 04/30/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $1,100,000 -- $210 / 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 $4,868 $68,370 $4,020 $64,350
2023 $4,868 $73,130 $4,300 $68,830
2022 $3,721 $54,070 $3,130 $50,940
2021 $3,919 $56,850 $3,290 $53,560
2020 $3,155 $47,030 $2,840 $44,190
2019 $3,176 $47,030 $2,840 $44,190
2016 $473 $7,010 $2,310 $4,700
2015 $465 $7,010 $2,310 $4,700
2014 $404 $6,510 $2,310 $4,200
Source: Public Records

Agents Affiliated with this Home

  • Valerie Meyers

    Seller's Agent in 2023

    Valerie Meyers

    Coldwell Banker Distinctive Properties

    (970) 209-1378

    278 Total Sales

    Valerie Meyers
    Section Image
  • Jennifer Johnson

    Buyer's Agent in 2023

    Jennifer Johnson

    NextHome Virtual

    (610) 580-5858

    129 Total Sales

    Jennifer Johnson
    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 802821

Colorado Real Estate Network (CREN)

APN: R0000303

Colorado Montrose County Montrose 81401

834, 838, 842 S 1st St, Montrose, CO

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.

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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