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$339,000   Price Analysis
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36962 Highway 550
Montrose, CO 81403
4 bed 2 bath 2,552 SqFt ($132/SqFt)
0.34 acre lot. Built 1965
Listed 2024-05-01, Taxes $658
USDA Eligible
near Montrose, CO
 Restrictions may apply
due to home size

Welcome to your picturesque retreat in Colona

* Sale Pending *

Where the majestic San Juan Mountains and the tranquil Uncompahgre River crete the backdrop for your everyday living. This remodeled home offers not a dwelling, but a get-away to Colorado outdoor lifestyle and adventure. From the wrap-around deck, panoramic views of Storm King and sounds of the Uncompahgre River below greet you, inviting moments of relaxation and reflection. The first floor of this open 2, 552 sqft abode has been thoughtfully remodeled, ensuring a seamless transition into your new home. With three bedrooms, a full bath and five new mini splits for individual climate control, comfort is perfected. A new wood-burning stove adds warmth and ambiance, perfect for cozy evenings indoors. The kitchen boasts all-new appliances, complemented by a new stackable washer and dryer for added convenience. The living room has plenty of windows for both natural light and for viewing nature's beauty. Venture downstairs to discover even more possibilities.

The basement features a non-conforming bedroom, a three-quarter bath and impressive storage, offering flexibility for your lifestyle needs. A second wood-burning stove and a walk-out entrance/exit enhance the functionality of this level, creating opportunities for additional living space or rental income. Beyond the comforts of home, the location of this property is truly unbeatable. Situated in Colona, it serves as an ideal midpoint for commuters between Montrose and Ridgway, providing easy access to both towns. Additionally, the Ridgway Reservoir is a mere 10 minutes away, offering unlimited opportunities for outdoor recreation. Furthermore, Colona sits as a gateway to the San Juans: from hiking, off-roading and climbing in Ouray to world-class skiing and festivals in Telluride. all within less than an hour from the front door. This property presents a unique opportunity for savvy investors or those seeking a multi-functional home. With the potential to create split-level residences, the options are limitless. Live on the top level and rent out the bottom or vice versathe choice is yours. This turnkey, move-in-ready home offers more than a place to live, it offers a lifestyle enriched by stunning views, modern amenities and endless possibilities. Don't miss your chance to make this Colorado retreat your own.


Presented by Adam Renfrow at
Renfrow Realty.


Property MLS #813025 from CREN

Bedrooms: 4

Total Bathrooms: 2
Full Bathrooms: 2

Fireplace Features: Basement, Den/Family Room, Woodstove
Heating Features: Hot Water Baseboard
Water Heaters: Propane Water Heater

Furnished Description: Furnished
Flooring: Carpet-Partial, Vinyl

Living Room Description: No

Lot Description: Corners Marked
Lot Size Acres: 0.34
Lot Size Square Feet: 14810

View: Mountains, Valley, Stream/River

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Cottonwood K-5
High School: Montrose 9-12
Middle School: Columbine 6-8

Cottonwood Elementary School is a public elementary school located approximately 9.1 miles away.
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Montrose High School is a public high school located approximately 11.3 miles away.
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Centennial Middle School is a public middle school located approximately 11.5 miles away.
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Source Listing Status: UC/Contingent/Call LB
County: Ouray
Current Use: Residential
Directions: Travel South on Highway 550 towards Colona. Property is on the East side of the Highway in Colona.
Tax Year: 2024
Source Property Type: RESIDENTIAL
Possible Use: Residential, Commercial
Area: Ouray County
Source Neighborhood: Ouray County
Zoning: Commercial
Property Subtype: Stick Built
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$7,620 + $4,990
$12,610
$658
2021$8,960 + $5,140
$14,100
$719
2020$7,570 + $5,140
$12,710
$641
2019$7,570 + $5,140
$12,710
$636
2018$5,350 + $5,170
$10,520
$533
2017$5,350 + $5,170
$10,520
$525
2016$5,760 + $7,760
$13,520
$681
2015$5,760 + $7,760
$13,520
$649
2014$7,410 + $6,210
$13,620
$656
2013$7,410 + $6,210
$13,620
$658
2012$8,740 + $7,760
$16,500
$793
2011$8,740 + $7,760
$16,500
$793
2010$10,300 + $7,760
$18,060
$858
2009$10,300 + $7,760
$18,060
$869
2008$9,810 + $7,760
$17,570
$850

Listed 2024-05-01
$339,000
CREN
Listing removed 2022-01-21
$0
CREN
Sold 2022-01-20
$170,000
Public Record
Price Changed 2021-10-28
$189,888
CREN
Price Changed 2021-08-31
$204,888
CREN
Price Changed 2021-07-07
$224,888
CREN
Price Changed 2021-03-03
$249,888
CREN
Price Changed 2021-01-08
$264,888
CREN
Listed 2020-03-30
$274,888
CREN
Sold 2004-01-01
$245,900
Public Record

Total Square Feet Living: 2552
Year Built: 1965
Building Exterior Type: Vinyl
Construction Materials: Wood Frame
Foundation Details: Basement-unfinished
Property Age: 59
Property Attached: No
Roof: Metal
Levels or Stories: 1
House Style: Ranch Basement
Total Area Main: 1276
Total Below Grade Area: 1276
Year Remodeled: 2022

Sewer: Septic System
Electric
Water Source: Public
Water Well: No
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.