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226 7th Avenue

226 7th Avenue, Ouray, CO 81427
Commercial in Ouray
Sold Sep 23, 2021
$980,000
Sold Sep 07, 2021
$980,000
$868,333 by Citizens State Bank
Mortgage Due Sep 03, 2046
226 7th Avenue has been categorized by the local assessors in Ouray, CO as a residential type of property. The building on the property was first built in 1910 and is 114 years old. However, we must point out that the home was most recently renovated and altered in 2005. The home comes with a single bedroom. Residents will have access to one full bathroom. There is one partial bathroom in the home. In addition, 226 7th Avenue has 2,170 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 359,631 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Victorian style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a shed style roof made of materials that we aren't sure of. The exterior walls of the building are made of wood. In terms of heating, it is utilizing a heating system we are unsure of and being fueled with propane. The property was last sold in Sep 3, 2021 for $980,000. That's $451.61 per sqft. Prior to that sales transaction, the property was also sold in Sep 3, 2021 for $980,000. 226 7th Avenue was last assessed in 2023. The total value of the property was assessed at $105,760. Specifically, the land the property is located on was valued at $16,140. While improvements on the property were assessed at a total of $89,620. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,957. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 2005
  • Building Count: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Victorian
  • Exterior Walls Type: Wood
  • Roof Shape Type: Shed
  • Roof Cover Type: Other
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 359,631
  • Total Building Area: 2,170
  • Gross Building Area: 2,170
  • Building Area: 2,170
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Other
  • Heated Square Feet: 2,170
  • Heating Fuel Type: Propane

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CITY OF OURAY
  • Land Acres: 8.256
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBD: CITY OF OURAY LOT: 1 BLOCK: 9 EAST 35.99 FEET OF LOTS 1-4 SUBD: CITY OF OURAY LOT: 2 BLOCK: 9 SUBD: CITY OF OURAY LOT:

Ownership

  • Current Owner : OURAY VISION REALTY LLC
  • Previous Owner : ROSS ROBERT H
  • Previous Owner 2: ROSS BRANDY J
  • Owner Before Previous Owner: ROSS ROBERT H
  • Owner Before Previous Owner 2: ROSS BRANDY J
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Ouray School District R-1
  • Census Tract: 967602

Zoning

  • Zoning: 5

Geography

  • Account Number: R000753
  • District: 990
  • Parcel: 451531206007
  • Block: 9
  • Lot: 1-4
  • Meridian: SEC 31 TWN 44 RNG 07
  • Municipality: OURAY R-1
  • Latitude: 38.0241
  • Longitude: -107.672

    Address

  • Full Address: 226 7th Ave
  • Address - House Number: 226
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Ouray
  • Carrier Code: R777
  • 4-Digit Zip Code: 5050
  • Zip Code: 81427

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,957
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2152
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 1,131,002
  • High Value: 1,374,473
  • Low Value: 887,531

    Market Valuation

  • Market Total Value: $964,530
  • Market Land Value: $90,400
  • Market Improvement Value: $874,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $105,760
  • Assessed Land Value: $16,140
  • Assessed Improvements Value: $89,620

    Sales

  • Current Sale Contract Date: Sep 03, 2021
  • Current Sale Recording Date: Sep 23, 2021
  • Current Sale Transaction ID: 11857392120
  • Current Sale Price: $980,000
  • Current Sale Document Type: Re-recorded Document
  • Current Sale Input Document Number: 230224
  • Previous Sale Recording Date: Sep 07, 2021
  • Previous Sale Contract Date: Sep 03, 2021
  • Previous Sale Amount: $980,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: CITIZENS STATE BANK
  • Previous Mortgage Transaction Date: Sep 07, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $868,333
  • Previous Mortgage Term: 299
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Sep 03, 2046

About Ouray



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$850 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
Listing by Christopher G. Raad

Frequently Asked Questions

What neighborhood is 226 7th Avenue located in?
The 226 7th Avenue is a commercial located in the neighborhood of Ouray in Ouray, Ouray.
What is the average sales price for listings in 226 7th Avenue?
The average sales price for units in 226 7th Avenue is $0 currently.

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