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425 8th Avenue

425 8th Avenue, Ouray, CO 81427
House in Ouray
Sold May 15, 2019
$400,000
Local assessors in Ouray, CO have categorized 425 8th Avenue as a residential type of property. The home was built in 1995 and is 29 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 4,443 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 425 8th Avenue has a total of 1,966 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. The building has a gable style roof that was made of composition shingle. The home's baseboard heaters is the primary heating source and it is being fueled with propane. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 425 8th Avenue sold most recently in May 15, 2019 for a total of $400,000. If you work out the math, that's approximately a cost of $203.46 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,941 in taxes each year. The initial year of tax delinquency occurred in 2022. 425 8th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $36,440. If we break it down further, the land itself was valued at $6,980. Improvements to the property, however, were assessed at a total of $29,460. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2005
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Style: Ranch/Rambler
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,443
  • Total Building Area: 1,966
  • Gross Building Area: 2,456
  • Building Area: 1,966
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Baseboard
  • Heated Square Feet: 1,966
  • Heating Fuel Type: Propane

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LINK REPLAT
  • Land Acres: 0.102
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBD: LINK REPLAT LOT: B S: 31 T: 44 R: 7

Ownership

  • Current Owner : HOTZ EXCHANGE LLC
  • Previous Owner : KATHLEEN DONOVAN LINK TRUST

Neighborhood

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

Geography

  • Account Number: R006593
  • District: 216619
  • Parcel: 451531105013
  • Meridian: SEC 31 TWN 44 RNG 07
  • Municipality: OURAY R-1
  • Latitude: 38.0247
  • Longitude: -107.67

    Address

  • Full Address: 425 8th Ave
  • Address - House Number: 425
  • Address - Street Name: 8th
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Ouray
  • Carrier Code: R777
  • 4-Digit Zip Code: 5058
  • Zip Code: 81427

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,941
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2129
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 663,256
  • High Value: 804,481
  • Low Value: 522,032

    Market Valuation

  • Market Total Value: $538,660
  • Market Land Value: $103,110
  • Market Improvement Value: $435,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,440
  • Assessed Land Value: $6,980
  • Assessed Improvements Value: $29,460

    Sales

  • Current Sale Contract Date: May 15, 2019
  • Current Sale Recording Date: May 15, 2019
  • Current Sale Transaction ID: 11608608234
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 222931

    Last Sale Mortgage

  • First Mortgage Lender: KATHLEEN DONOVAN LINK TRUST
  • First Mortgage Transaction Date: May 15, 2019
  • First Mortgage Loan Amount: $320,000
  • First Mortgage Terms: 36
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jun 15, 2022
  • Second Mortgage Lender: PERRY HOTZ
  • Second Mortgage Transaction Date: May 15, 2019
  • Second Mortgage Loan Amount: $80,755
  • Second Mortgage Loan Type: Unknown (DEFAULT)

About Ouray



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 425 8th Avenue located in?
The 425 8th Avenue is a house located in the neighborhood of Ouray in Ouray, Ouray.
What is the average sales price for listings in 425 8th Avenue?
The average sales price for units in 425 8th Avenue is $449,000 , or $235/sqft. currently.

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