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  • $335,000

    36962 Highway 550, Montrose, CO 81403

    4beds
    2,552sqft
    Stick Built
    Built in 1965
    0.34 Acres Lot
    $457,300 Zestimate®
    $131/sqft
    $3,393 Estimated rent

    Home value

    $457,300

    $416,000 - $503,000

    $3,393/mo

    Zestimate® history
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    What's special

    Modern amenitiesColorado retreatSplit - level residencesImpressive storageWorld - class skiingMajestic san juan mountainsNew mini splits
    Welcome to your picturesque retreat in Colona, where the majestic San Juan Mountains and the tranquil Uncompahgre River create the backdrop for your everyday living. This remodeled home offers not just 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 spacious 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 endless 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 versa—the choice is yours. This turnkey, move-in-ready home offers more than just 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Adam Renfrow 970-249-5001,

    Renfrow Realty

    Bought with:

    Karen Maxner

    Prestige Real Estate

    Source: CREN,MLS#: 813025MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Appliances
    • Included: Range, Refrigerator, Washer, Dryer
    Features
    • Flooring: Carpet-Partial, Vinyl
    • Basement: Unfinished
    • Has fireplace: Yes
    • Fireplace features: Basement, Den/Family Room, Wood Burning Stove
    • Furnished: Yes
    Interior area
    • Total structure area: 2,552
    • Total interior livable area: 2,552 sqft
    • Finished area above ground: 1,276

    Property

    Features
    • Levels: One
    • Stories: 1
    • Has view: Yes
    • View description: Mountain(s), Valley
    • Has water view: Yes
    • Water view: Stream/River
    • Frontage length: 75'-100' Frontage
    Lot
    • Size: 0.34 Acres
    • Features: Corners Marked
    Details
    • Parcel number: 404117200006
    • Zoning description: Commercial

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch Basement
    • Property subtype: Stick Built
    Materials
    • Wood Frame, Vinyl Siding
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1965

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Montrose

    Financial & listing details

    • Price per square foot: $131/sqft
    • Tax assessed value: $243,450
    • Annual tax amount: $626
    • Date on market: 9/6/2024
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    1/20/2025Listing removed$189,888-43.3%$74/sqft
    Source: CREN #768045 Report a problem
    6/25/2024Sold$335,000-1.2%$131/sqft
    Source: CREN #813025 Report a problem
    5/10/2024Contingent$339,000$133/sqft
    Source: CREN #813025 Report a problem
    5/1/2024Listed for sale$339,000+99.4%$133/sqft
    Source: CREN #813025 Report a problem
    1/20/2022Sold$170,000-10.5%$67/sqft
    Source: Public Record Report a problem
    11/13/2021Contingent$189,888$74/sqft
    Source: CREN #768045 Report a problem
    10/28/2021Listed for sale$189,888-7.3%$74/sqft
    Source: CREN #768045 Report a problem
    9/8/2021Contingent$204,888$80/sqft
    Source: CREN #768045 Report a problem
    8/31/2021Price change$204,888-8.9%$80/sqft
    Source: CREN #768045 Report a problem
    7/7/2021Listed for sale$224,888-10%$88/sqft
    Source: CREN #768045 Report a problem
    5/5/2021Contingent$249,888$98/sqft
    Source: CREN #768045 Report a problem
    4/19/2021Listed for sale$249,888$98/sqft
    Source: CREN #768045 Report a problem
    3/29/2021Contingent$249,888$98/sqft
    Source: CREN #768045 Report a problem
    3/3/2021Price change$249,888-5.7%$98/sqft
    Source: CREN #768045 Report a problem
    1/8/2021Price change$264,888-3.6%$104/sqft
    Source: Renfrow Realty #768045 Report a problem
    12/18/2020Listed for sale$274,888$108/sqft
    Source: Renfrow Realty #768045 Report a problem
    8/31/2020Pending sale$274,888$108/sqft
    Source: Renfrow Realty #768045 Report a problem
    8/25/2020Listed for sale$274,888$108/sqft
    Source: Renfrow Realty #768045 Report a problem
    7/23/2020Pending sale$274,888$108/sqft
    Source: Renfrow Realty #768045 Report a problem
    3/30/2020Listed for sale$274,888$108/sqft
    Source: Renfrow Realty #768045 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$451 +3.9%$15,210 +83%
    2024$434 -34.1%$8,310 -33.2%
    2023$659 -8.4%$12,440 -9.2%
    2022$719 +12.1%$13,700 -2.8%
    2021$641 $14,100 +10.9%
    2020$641 +20.2%$12,710 -0.7%
    2019$533 +1.5%$12,800 +21.7%
    2018$525 $10,520
    2017-- $10,520 -22.2%
    2016-- $13,520
    2015-- $13,520 -18.1%
    2012-- $16,500
    Find assessor info on the county website

    Neighborhood: 81403

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Cottonwood K-5
    • Middle: Columbine 6-8
    • High: Montrose 9-12

    Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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