531 2nd Avenue

531 2nd Avenue in Ouray, CO was first built in 1987 and is 37 years old. Although, the building on the property was most recently renovated and altered in 2005. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 531 2nd Avenue has 2,621 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 9,496 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of shingle (not wood). For those who need parking, there is a attached garage. The garage is 240 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing baseboard heaters and 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, 531 2nd Avenue sold most recently in Jul 1, 2016 for a total of $374,900. If you work out the math, that's approximately a cost of $143.04 per sqft. Before that, the property was also sold for $167,000 in Nov 1, 2011. 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 $3,047 in taxes each year. 531 2nd Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $55,690. If we break it down further, the land itself was valued at $18,190. Improvements to the property, however, were assessed at a total of $37,500. 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. 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. 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.