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540 East Montezuma Avenue

540 East Montezuma Avenue, Cortez, CO 81321
Property in Montezuma
Sold Oct 21, 2011
$196,500
$176,850 by Pinnacle Capital Mortgage Corp
Mortgage Due Nov 01, 2041
Sold Aug 03, 2005
$130,000
Buyer
Seller
$97,500 by Americas Wholesale Lender
Mortgage Due Aug 01, 2020
Local assessors in Cortez, CO have categorized 540 East Montezuma Avenue as a residential type of property. The home was built in 1948 and is 76 years old. The property's lot size has been calculated to be 11,238 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, 3 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 are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 540 East Montezuma Avenue has a total of 1,778 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. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 83 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of metal. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. The home's no heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 540 East Montezuma Avenue was last sold in Oct 21, 2011 for $196,500. According to our calculations, that's $110.52 per sqft. Prior to that sales transaction, the property was sold for $130,000 in Aug 1, 2005. Current property owners are expected to pay $955 in taxes per year. The property on 540 East Montezuma Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $18,145. To break that down further, the land itself was valued at $1,791. While improvements to the property were assessed at a total of $16,354. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 83
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,238
  • Total Building Area: 1,778
  • Gross Building Area: 1,778
  • Building Area: 1,778
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: None
  • Heated Square Feet: 1,778
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: F R COFFINS
  • Land Acres: 0.258
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SECTION: 26 TOWNSHIP: 36 RANGE: 16 TR NE1/4 UNPLATTED TR IN F R COFFINS ADDITION B551 P934 B563 P857 B720 P608

Ownership

  • Current Owner : LAMUNYON DOUGLAS M
  • Current Owner 2: LAMUNYON CASIE C
  • Previous Owner : HOLD PETER G
  • Owner Before Previous Owner: HMI LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montezuma-Cortez School District RE-1
  • Census Tract: 969301

Zoning

  • Zoning: R1

Geography

  • Account Number: R009046
  • Parcel: 561126100107
  • Meridian: SEC 26 TWN 36N RNG 16W
  • Municipality: MONTEZUMA-CORTEZ RE-1
  • Latitude: 37.3512
  • Longitude: -108.578

    Address

  • Full Address: 540 E Montezuma Ave
  • Address - House Number: 540
  • Street Direction: E
  • Address - Street Name: Montezuma
  • Address - Suffix Type: Ave
  • State: CO
  • City Name: Cortez
  • Carrier Code: C004
  • 4-Digit Zip Code: 3330
  • Zip Code: 81321

Valuation

    Tax

  • Total Area: 1,773
  • Tax Year: 2023
  • Tax Amount: $955
  • Tax Rate Code Area: 11001

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 353,689
  • High Value: 435,555
  • Low Value: 271,823

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $322,150
  • First Open Lien Mortgage Lender: PINNACLE CAPITAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 21, 2011
  • First Open Lien Mortgage Loan Amount: $176,850
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2041
  • Second Open Lien Mortgage Lender: AMCAP MORTGAGE LTD
  • Second Open Lien Mortgage Recording Date: Feb 04, 2022
  • Second Open Lien Mortgage Loan Amount: $145,300
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2037

    Market Valuation

  • Market Total Value: $227,951
  • Market Land Value: $22,500
  • Market Improvement Value: $205,451

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,145
  • Assessed Land Value: $1,791
  • Assessed Improvements Value: $16,354

    Sales

  • Current Sale Contract Date: Oct 21, 2011
  • Current Sale Recording Date: Oct 21, 2011
  • Current Sale Transaction ID: 1049792039
  • Current Sale Price: $196,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 579286
  • Previous Sale Recording Date: Aug 03, 2005
  • Previous Sale Contract Date: Aug 01, 2005
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PINNACLE CAPITAL MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 21, 2011
  • First Mortgage Loan Amount: $176,850
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2041

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAS WHOLESALE LENDER
  • Previous Mortgage Transaction Date: Aug 03, 2005
  • Previous Mortgage Loan Amount: $97,500
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2020

About Cortez



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Frequently Asked Questions

What neighborhood is 540 East Montezuma Avenue located in?
The 540 East Montezuma Avenue is a located in the neighborhood of Montezuma in Cortez, Cortez.
What is the average sales price for listings in 540 East Montezuma Avenue?
The average sales price for units in 540 East Montezuma Avenue is $0 currently.

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