20 days on rocket

740 S 5th St, Montrose, CO, 81401

$300,000

Home List Price

$3,563*

Closing Credit

2 Bedrooms
1 Full Bath
801 SqFt
$375/SqFt
House

Location

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740 S 5th St, Montrose$300,000

Buyer Closing Credits

$3,563*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1958
HeatingElectric, Wood, Baseboard, Other, Wood Stove
CoolingDuctless
BasementYes
FireplaceFree Standing, Woodstove
MLS #818795
Lot Size0.09 Acres
StatusActive

About 740 S 5th St

Character abounds in this little gem in the heart of Montrose. This charming home feels open and spacious. Lovely natural light pours into the living room windows as you look out onto the adorable backyard with raised garden beds. Kitchen has been beautifully updated with new appliances, cabinets, countertops and backsplash and opens to dining and living areas. The primary bedroom has nice storage and a walk in closet. This home has a very unique feature...a loft over the living room that offers open air space and adds great storage in this charming bungalow. Updated with solar power to minimize utility costs, three mini-split units to keep you cool in the summer and warm in the winter and the front room has a wood burning stove to cozy up next to in the cold winter months. In addition to the included kitchen appliances, there's also a stackable washer/dryer. Enjoy endless hot water with a tankless water heater. Front and back yards are fully fenced. Living in the heart of Montrose lends itself to the ability to walk or bike to nearly everything, like shopping, schools, the library, banking, coffee shops, restaurants, gyms, bakeries, breweries, and so much more. Most of all you’ll like the established trees that hang over the streets, and the comfort of being centrally located. Zoned Office/Residential. So many possibilities for this property...Would make a great first home, investment or vacation rental.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1958
  • Living Area: 801 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Colorado Properties
  • Listing Agent: Linda Steil

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Range, Oven, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Tile
  • Fireplace: Free Standing, Woodstove

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Electric, Wood, Baseboard, Other, Wood Stove
  • Cooling: Ductless

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 Ave, east on S 5th Street, home on right (south) side of street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $300,000
  • Price Per SqFt: $375/SqFt

Tax Information:

  • Annual Amount: $751
  • 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

740 S 5th St vs Montrose

20 DAYS ON ROCKET

-81 Days

$300,000

-$259K Less

$375/SqFt

+$77 More

KEY TAKEAWAY

This property is $259K less than the Median List Price and $77/SqFt more than other homes in Montrose, CO.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #818795

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Colorado Properties
  • Listing Agent: Linda Steil

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: 11/5/2024, 5:20:50 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

Sep 24, 2020Home Sold
$190,000
Jul 31, 2018Home Sold
$150,000
Jun 23, 2015Home Sold
$118,000

Tax History

YEARPROP. TAXASSESSMENT
2021$751$11,200
2020$643$9,520
2019$659$9,520
2018$483$7,030
2017$479$7,030

History based on county public records data.

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$1,565

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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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-1938519
3
/10

  • Pomona Elementary School

  • 1045 S Cascade Ave

  • 0.47 miles

  • Public District Grades KG-5

High School

school-card-donut-1938520
5
/10

  • Montrose High School

  • 600 S Selig Ave

  • 0.42 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. Most Montrose, CO residents have annual incomes less than $35k. The most common type of family is 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 740 S 5th St

What is the listing price of this property?

The listing price of 740 S 5th St property is $300,000.

What type of property is this?

The property 740 S 5th St is a house located in Montrose, Colorado, 81401.

Is this property for sale now?

Active Listing: 740 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 740 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 $751 (source: MLS/based on county public records data).

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

The last sale was on September 24, 2020 for $190,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 740 S 5th St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 740 S 5th St is 801 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 740 S 5th St is 1958.

Rocket Homes›Colorado›Montrose County›Montrose›81401›740 S 5th St

This home is located at 740 S 5th St in Montrose, CO and zip code 81401. This 801 square foot home, which was built in 1958, sits on a 0.09 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $300,000.

In October 2024 in Montrose, CO there were 29.3% more homes for sale than in September 2024. 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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