3 months on rocket

425 S 5th St, Montrose, CO, 81401

$700,000

Home List Price

$8,313*

Closing Credit

4 Bedrooms
4 Full Baths
2,185 SqFt
$320/SqFt
House

Location

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425 S 5th St, Montrose$700,000

Buyer Closing Credits

$8,313*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1902
HeatingNatural Gas
MLS #815784
Lot Size0.14 Acres
StatusActive

About 425 S 5th St

Looking for the perfect investment opportunity, this property is ideal. The homes are in a great location and have the added bonus of a constructed high end Accessory Dwelling Unit (ADU)on the property. Both homes were fully remodeled in 2020, with the main house having 4 bedrooms and 2 bathrooms, while the ADU offers an additional detached home with 2bedrooms (master suite and guest room) as well as 2 bathrooms, Cheery and sunny living room, and a beautiful kitchen. Each property has privacy, off street parking, and a fenced backyard. Both homes are currently tenant occupied with excellent rental history and leases through January 2024. Please see associated documents for rents, exact lease dates etc. This property is conveniently located near amenities and downtown Montrose. Options are limitless with this property so don’t miss your opportunity to own 2 turnkey investment properties in an ideal downtown location!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1902
  • Stories: 1
  • Living Area: 2,185 SqFt

Listing Office:

  • Office Name: Phelps Real Estate Group
  • Listing Agent: Elizabeth Spitzer

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Range, Range, Oven, Refrigerator
  • Basement: No
  • Flooring Type: Carpet-Partial, Laminate

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Montrose High School, Public District Grades 9-12
  • Pomona Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Take Townsend South to South 5th, turn left. Property on left, look for real estate sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $700,000
  • Price Per SqFt: $320/SqFt

Tax Information:

  • Annual Amount: $1,682
  • Tax Year: 2021
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Housing Market Comparison

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

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Montrose, CO

City

Med. List Price

$559K

Med. Price/SqFt

$297

Avg. Days On Market

101

# of Sold Homes

1

425 S 5th St vs Montrose

117 DAYS ON ROCKET

+16 Days

$700,000

+$141K More

$320/SqFt

+$22 More

KEY TAKEAWAY

This property is $141K more than the Median List Price and $22/SqFt more than other homes in Montrose, CO.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #815784

Listing Office:

  • Office Name: Phelps Real Estate Group
  • Listing Agent: Elizabeth Spitzer

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.

WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

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: 11/5/2024, 8:20:51 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

Jun 19, 2020Home Sold
$245,000
Apr 12, 2019Home Sold
$219,900
Aug 01, 2008Home Sold
$145,000
Dec 12, 2005Home Sold
$115,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,682$25,070
2020$860$14,120
2019$881$12,730
2018$728$10,600
2017$1,391$10,600

History based on county public records data.

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$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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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.

Elementary School

school-card-donut-1864981
3
/10

  • Pomona Elementary School

  • 1045 S Cascade Ave

  • 0.41 miles

  • Public District Grades KG-5

High School

school-card-donut-1864982
5
/10

  • Montrose High School

  • 600 S Selig Ave

  • 0.20 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,333. The majority of Montrose, CO residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 425 S 5th St

What is the listing price of this property?

The listing price of 425 S 5th St property is $700,000.

What type of property is this?

The property 425 S 5th St is a house located in Montrose, Colorado, 81401.

Is this property for sale now?

Active Listing: 425 S 5th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 425 S 5th St are:
Pomona Elementary School: GreatSchools Rating 3/10
Montrose High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,682 (source: MLS/based on county public records data).

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

The last sale was on June 19, 2020 for $245,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 425 S 5th St has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 425 S 5th St is 2,185 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 425 S 5th St is 1902.

Rocket Homes›Colorado›Montrose County›Montrose›81401›425 S 5th St

This home is located at 425 S 5th St in Montrose, CO and zip code 81401. This 2,185 square foot home, which was built in 1902, sits on a 0.14 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $700,000.

The number of homes for sale in Montrose, CO increased by 29.3% between September 2024 and October 2024. Listings spent 101 days on the market in October 2024, and had a median list price of $559,000 during the same period.

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

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