NOT LISTED FOR SALE

838 N 3rd St Unit A, B, Front Montrose, CO 81401

Estimated Value: $374,000 - $478,000

4 Beds
3 Baths
2,025 Sq Ft
$209/Sq Ft Est. Value

Last Sold July 20, 2021

Last sale price $401,000 $198 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,375/month

Highlights

  • Adjacent to Greenbelt
  • Southwestern Architecture
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • 1-Story Property
  • 2 Car Garage

About This Home

As of July 2021

This home is located at 838 N 3rd St Unit A, B, Front, Montrose, CO 81401 since 02 May 2021 and is currently estimated at $423,768, approximately $209 per square foot. This property was built in 1937. 838 N 3rd St Unit A, B, Front is a home located in Montrose County with nearby schools including Northside Elementary School, Centennial Middle School, and Montrose High School.

Last Agent to Sell the Property

Ken Van Skiver

NextHome Virtual Listed on: 05/02/2021

NextHome Virtual

Last Buyer's Agent

Ken Van Skiver

NextHome Virtual Listed on: 05/02/2021

NextHome Virtual

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,227

Year Built

  • Built in 1937 | Remodeled in 2012

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 49 x 125
  • Adjacent to Greenbelt

Home Design

  • Triplex
  • Southwestern Architecture
  • Slab Foundation
  • Metal Roof
  • Stucco
  • Adobe

Interior Spaces

  • 3 Full Bathrooms
  • 2,025 Sq Ft Home
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Unfinished Basement

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Carport
  • On-Street Parking

Schools

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

Listing and Financial Details

  • The owner pays for building insurance, real estate taxes, site maintenance (prop), snow removal, trash, water/sewer, common area maintenance, electric, ext maintenance (bldg), gas, interior maintenance
  • Assessor Parcel Number 376727205001

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $9,000
  • Gross Income $28,200
  • Net Operating Income $19,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,227

Year Built

Built in 1937 | Remodeled in 2012

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Washer, Disposal, Dryer
  • Estimated Total Acres: 0.14
  • Class: Multifamily
  • Em Deposit: 15000
  • Em Holder: title
  • Fronts: City Park and pathway
  • Legal Lot Block: SUBD: SELIGS ADDN BLOCK: 9 LOT: 1 AND:- LOT: 2 LESS WLY 1FT OF LT 2 S: 27 T: 49 R: 9
  • List Price per Sq Ft: 190.12
  • Lot Dimension: 49 x 125
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 376727205001
  • Price Per Sq Ft: 198.02
  • Property Attached: Yes
  • Property Description: Adj to Greenbelt/OpenLand
  • Residence Stories: One Story
  • Residence Style: Adobe, Southwest
  • Sale/Rent: For Sale
  • Siding: Stucco
  • Sold Price Sq Ft: 198.02
  • Street Descriptionaccess: Paved, Cul-de-Sac, 50'-75' Frontage
  • Street Designation: Street
  • Tax Account Id: R0002331
  • Zoning: Residential Multi Family
  • Cap Rate Percent: 5
  • Domestic Water Sewer: City Water, City Sewer
  • Heating Fuelsystem: Natural Gas, Floor Radiant, Forced Air
  • Landlord Pays: Building Insurance, Real Estate Taxes, Site Maintenance (Prop), Snow Removal, Trash, Water/Sewer, Common Area Maintenance, Electric, Ext Maintenance (Bldg), Gas, Interior Maintenance
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Water Meters: 2
  • Type: Triplex
  • Total Taxes Dollar: 1227
  • Year Built: 1937
  • Year Renovated: 2012
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1072

Interior Features

  • Dining Room: Kitchen/Dining
  • Flooring: Vinyl, Wood, Tile
  • Master Bedroom: Main Level
  • Estimated Total Sq Ft: 2025
  • Full Bathrooms: 3
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 3
  • Foundation: Slab, Basement-dug out, Basement-unfinished
  • Total Office Den: 0

Exterior Features

  • Roof: Metal

Garage/Parking

  • Garage Type: Carport
  • Garage: Yes
  • Parking Spaces: 3
  • Garage Capacity: 2
  • Parking: In Rear of Building, On Street

Utilities

  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Sewer Supplier: City of Montrose
  • Water Supplier: City of Montrose

Schools

  • High School: Montrose 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Multi Family

  • No. of Units: 3
  • Gross Annual Expenses: 9000
  • Gross Scheduled Income: 28200
  • Net Operating Income: 19000

Tax Info

  • Tax Year: 2020

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2021
Closed on
Jul 15, 2021
Sold by
Highlander Investments Llc
Bought by
Mcmullen Aubrey D
Seller's Agent
Ken Van Skiver
NextHome Virtual
Buyer's Agent
Ken Van Skiver
NextHome Virtual
List Price
$385,000
Sold Price
$401,000
Premium/Discount to List
$16,000
4.16%
Current Estimated Value
$423,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,768
Avg. Annual Appreciation
1.30%
Original Mortgage
$300,750
Outstanding Balance
$272,884
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$150,884

Purchase Details

Closed on
Mar 6, 2009
Sold by
Bure Group Llc
Bought by
Highlander Investments Llc

Purchase Details

Closed on
Sep 12, 2002
Sold by
Coburn David A and Coburn Beverly A
Bought by
Bure Group Llc

Purchase Details

Closed on
Jun 28, 2002
Sold by
Gunter Kenneth W and Gunter Susan V
Bought by
Coburn David A and Coburn Beverly A

Purchase Details

Closed on
May 4, 2001
Sold by
Sullivan Dorothy Parker
Bought by
Gunter Kenneth W and Gunter Susan V

Purchase Details

Closed on
May 1, 2001
Sold by
Wells Georgia Sullivan
Bought by
Sullivan Dorothy Parker

Purchase Details

Closed on
Jul 17, 1995
Sold by
Sullivan Dorothy Parker
Bought by
Wells Georgia Sullivan

Purchase Details

Closed on
Jan 26, 1991
Sold by
Hart James W
Bought by
Sullivan Dorothy Parker

Purchase Details

Closed on
Jun 5, 1987
Sold by
Montrose State Bank
Bought by
Hart James W

Purchase Details

Closed on
Apr 14, 1987
Sold by
Anderson Herbert C Public Trustee
Bought by
Montrose State Bank

Purchase Details

Closed on
May 27, 1981
Sold by
Nelson Evelyn H
Bought by
Brien Larry O and Obrien Norma Mabel
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
Mcmullen Aubrey D $401,000 Land Title Guarantee Co
Highlander Investments Llc $135,000 Land Title Guarantee Company
Bure Group Llc -- --
Coburn David A $120,000 --
Gunter Kenneth W $115,000 --
Sullivan Dorothy Parker -- --
Wells Georgia Sullivan -- --
Sullivan Dorothy Parker $50,000 --
Hart James W $43,000 --
Montrose State Bank -- --
Brien Larry O $57,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmullen Aubrey D $300,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2021 07/20/21 Sold $401,000 +4.2% $198 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
05/02/2021 05/02/21 For Sale $385,000 -- $190 / 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 $1,886 $26,490 $3,230 $23,260
2023 $1,886 $30,970 $3,740 $27,230
2022 $1,505 $21,870 $2,720 $19,150
2021 $1,569 $22,760 $2,860 $19,900
2020 $1,227 $18,290 $2,470 $15,820
2019 $1,235 $18,290 $2,470 $15,820
2016 $1,178 $17,440 $2,010 $15,430
2015 $1,157 $17,440 $2,010 $15,430
2014 $943 $15,210 $2,010 $13,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 781520

Colorado Real Estate Network (CREN)

APN: R0002331