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501 S 7th St, Montrose, CO, 81401

$374,000

Home List Price

$4,441*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,218 SqFt
$307/SqFt
House

Location

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501 S 7th St, Montrose$374,000

Buyer Closing Credits

$4,441*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1904
HeatingNatural Gas, Wood, Forced Air, Wood Stove
CoolingEvaporative Cooling
BasementYes
FireplaceLiving Room
MLS #818273
Lot Size0.14 Acres
StatusActive

About 501 S 7th St

Charming Downtown Montrose Home with Endless Potential! This delightful 3-bedroom, 1.5-bath home is nestled on a spacious corner lot with a charming picket fence. Right in the heart of downtown Montrose. With ample room to build a garage and an ADU, this property offers incredible potential for growth and versatility. As you step inside, you're greeted by a cozy living room featuring a wood stove and large windows that fill the space with natural light. Just off the living room is a well-sized dining room—perfect for enjoying family meals. The kitchen is full of character, boasting plenty of space, an island for additional workspace, a pantry, and a unique brick wood-burning pizza oven that’s sure to impress. The main level also features a versatile downstairs bedroom that could easily serve as a home office or den, along with an updated full bath. A small bonus room at the back of the house offers access to the backyard, providing even more functional space. Upstairs, you'll find two additional bedrooms. One features an attached half bath for added convenience. The backyard is a gardener's paradise with raised beds connected to sprinklers, fruit trees, and a spacious shed. Fully fenced for privacy, the yard offers plenty of space to relax or entertain. With so much to offer, this charming home is a must-see! Don't miss out on the opportunity to make it your own.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1904
  • Stories: 2
  • Living Area: 1,218 SqFt

Listing Office:

  • Office Name: The Real Estate Store
  • Listing Agent: Christine Kersen

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Oven, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Pantry
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Lawn Sprinklers, Shed/Storage, Shed

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Wood, Forced Air, Wood Stove
  • Cooling: Evaporative Cooling

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: From Townsend turn right on S. 7th. Home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $374,000
  • Price Per SqFt: $307/SqFt

Tax Information:

  • Annual Amount: $896
  • 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

501 S 7th St vs Montrose

40 DAYS ON ROCKET

-61 Days

$374,000

-$185K Less

$307/SqFt

+$9 More

KEY TAKEAWAY

This property is $185K less than the Median List Price and $9/SqFt more than other homes in Montrose, CO.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #818273

Listing Office:

  • Office Name: The Real Estate Store
  • Listing Agent: Christine Kersen

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

Jan 22, 2021Home Sold
$252,500
Nov 29, 2016Home Sold
$147,900
Feb 23, 2006Home Sold
$154,900

Tax History

YEARPROP. TAXASSESSMENT
2021$896$13,360
2020$742$10,980
2019$760$10,980
2018$589$8,580
2017$565$8,580

History based on county public records data.

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$1,934

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,188

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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-1964962
3
/10

  • Pomona Elementary School

  • 1045 S Cascade Ave

  • 0.28 miles

  • Public District Grades KG-5

High School

school-card-donut-1964963
5
/10

  • Montrose High School

  • 600 S Selig Ave

  • 0.23 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. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 S 7th St

What is the listing price of this property?

The listing price of 501 S 7th St property is $374,000.

What type of property is this?

The property 501 S 7th St is a house located in Montrose, Colorado, 81401.

Is this property for sale now?

Active Listing: 501 S 7th 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 501 S 7th 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 $896 (source: MLS/based on county public records data).

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

The last sale was on January 22, 2021 for $252,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 501 S 7th St has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 501 S 7th St is 1,218 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 S 7th St is 1904.

Rocket Homes›Colorado›Montrose County›Montrose›81401›501 S 7th St

This home is located at 501 S 7th St in Montrose, CO and zip code 81401. This 1,218 square foot home, which was built in 1904, sits on a 0.14 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $374,000.

The inventory of homes for sale in Montrose, CO between September 2024 and October 2024 increased by 29.3%. In October 2024 median list price was $559,000 and the average listing age was 101 days.

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

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