new - 7 days on rocket

318 E Main St, Cortez, CO, 81323

$335,000

Home List Price

$3,978*

Closing Credit

2 Bedrooms
1 Bath
1,148 SqFt
$292/SqFt
House

Location

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318 E Main St, Cortez$335,000

Buyer Closing Credits

$3,978*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1933
HeatingNatural Gas, Other
BasementYes
MLS #819859
Lot Size0.15 Acres
StatusActive

About 318 E Main St

**Prime Investment Opportunity with Residential or Mixed-Use Potential in the Heart of Cortez, Colorado!** Unlock the potential of this fully renovated property on Main Street, offering a versatile setup with the possibility two studios upstairs and two studios downstairs. Formerly housing four apartments, this property is primed for residential, mixed-use, or a combination of both. Envision retaining the charm of the coffee shop below while transforming the upstairs into income-generating Airbnb units—or fully convert the property into a residential haven. The property has undergone extensive upgrades, including new electrical, plumbing, drywall, flooring, fresh paint, a modernized bathroom, updated doors, and enhanced lighting. It also has 2 sewer taps. These thoughtful renovations create a turnkey investment with endless possibilities. With ample parking, including ten spaces in the rear and additional spots out front, the property ensures convenience for residents, tenants, and customers alike. Its prime Main Street location guarantees high visibility and traffic, making it ideal for mixed-use purposes or as a residential rental property. Whether you choose to maintain the coffeehouse, lease the studios for long-term tenants, or capitalize on short-term rental opportunities, this property offers the flexibility to align with your vision. The combination of location, upgrades, and versatile layout makes this an exceptional investment opportunity. Schedule a viewing today to explore how you can transform this space into a thriving residential or mixed-use development and secure your place in Cortez’s vibrant Main Street scene!

Property Details

Property Features

Property Information:

  • Year Built: 1933
  • Stories: 2
  • Living Area: 1,148 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Colorado Properties
  • Listing Agent: Holly Matson

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Tile

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Other

Other

Directions Information:

  • Directions: Property located on the North side of Main St in Cortez between Washington St and Madison St

Price Information

Listing Price Info

Price Summary:

  • List Price: $335,000
  • Price Per SqFt: $292/SqFt

Tax Information:

  • Annual Amount: $2,340
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Cortez, CO.

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Cortez, CO

City

Med. List Price

$357.5K

Med. Price/SqFt

$234

Avg. Days On Market

112

318 E Main St vs Cortez

7 DAYS ON ROCKET

-105 Days

$335,000

-$22.5K Less

$292/SqFt

+$58 More

KEY TAKEAWAY

This property is $22.5K less than the Median List Price and $58/SqFt more than other homes in Cortez, CO.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Number: #819859

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Colorado Properties
  • Listing Agent: Holly Matson

IDX SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.

TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

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COPYRIGHT (2024) by COLORADO REAL ESTATE NETWORK, 121 N PARK AVENUE, SUITE# 4, MONTROSE, CO 81401 USA
ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN).

Real Estate listings held by companies other than this brokerage contain that company's name.

Fair Housing Disclaimer
Equal Housing PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 04, 2020Home Sold
$175,000
Feb 15, 2013Home Sold
$200,000
Apr 27, 2006Home Sold
$105,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,340$44,388
2019$2,346$44,388
2018$3,084$48,390
2017$3,069$48,390

History based on county public records data.

Payment Calculator

$1,739

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,071

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4362800
4
/10

  • Kemper Elementary School

  • 620 E Montezuma Ave

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-4362801
5
/10

  • Mesa Elementary School

  • 703 W 7th St

  • 0.98 miles

  • Public District Grades KG-5

school-card-donut-4362802
4
/10

  • Dolores Elementary School

  • 12th and Hillside

  • 10.00 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,310. Typical income of Cortez, CO residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 318 E Main St

What is the listing price of this property?

The listing price of 318 E Main St property is $335,000.

What type of property is this?

The property 318 E Main St is a house located in Cortez, Colorado, 81323.

Is this property for sale now?

Active Listing: 318 E Main St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,340 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 4, 2020 for $175,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 318 E Main St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 318 E Main St is 1,148 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 318 E Main St is 1933.

Rocket Homes›Colorado›Montezuma County›Cortez›81323›318 E Main St

This home is located at 318 E Main St in Cortez, CO and zip code 81323. This 1,148 square foot home, which was built in 1933, sits on a 0.15 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $335,000.

The number of listings in Cortez, CO increased by 17.1% between October 2024 and November 2024. In November 2024 median list price was $357,500 and the average listing age was 112 days.

From Rocket Homes Real Estate and based on county public records data.

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