Welcome to W 5th Street and this rare find in Palisade! For the first time in years, a home in this quiet, tucked-away neighborhood is hitting the market - and it’s packed with updates and potential. Sitting on a spacious half-acre lot, this property offers room to stretch out, inside and out, all in a location that’s hard to beat. The home has seen a long list of recent upgrades, including a new roof, evaporative cooler, new carpet, fresh paint, and more - so the heavy lifting is already done. Inside, you’ll find a comfortable and open living area, with a pellet stove that adds warmth and character. The kitchen brings a bit of vintage charm and features a pass-through window to the large rec/family room, which is a perfect spot for gathering with friends or relaxing after a day on the trails. The primary bedroom includes a three-quarter bath, while two additional bedrooms share a full bath just down the hall. Whether you need guest space, a home office, or just a bit more room to breathe, this layout checks the boxes. Out back, the covered deck looks out over a huge yard that’s ready for your vision. There’s space for gardening, games, or simply enjoying the views of the Bookcliffs and the Mesa. You’ll also find a shed, plus a detached garage/shop that’s great for storage, hobbies, or workspace. And let’s talk location: you’re close to everything that makes Palisade so special - just minutes from town, and right near the local park with pickleball courts, soccer fields, and the community pool. It’s a great mix of privacy, space, and convenience. This is more than just a property - it’s a great opportunity in a tight-knit neighborhood where homes rarely become available. Schedule your showing and come see what makes this place so special.
Sold for $598,000
$598,000
518 W 5th St, Palisade, CO 81526
3beds
2baths
1,968sqft
Single Family Residence
Built in 1975
0.57 Acres Lot
$676,300 Zestimate®
$304/sqft
$2,500 Estimated rent
Home value
$676,300
$609,000 - $751,000
$2,500/mo
Zestimate® history
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List your homeWhat's special
Vintage charmCovered deckSpacious half-acre lotPass-through windowHuge yard
Zillow last checked:
Listing updated:
Listed by:
DOUG AND LINDSEY YOCHEM 970-232-0055,
THE CHRISTI REECE GROUP
Bought with:
JUDY HOFFSCHNEIDER
RE/MAX 4000, INC
Source: GJARA,MLS#: 20253002
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Primary bedroom
- Level: Main
- Dimensions: 11.5x13
Bedroom 2
- Level: Main
- Dimensions: 11.5x11.5
Bedroom 3
- Level: Main
- Dimensions: 11.5x11.5
Dining room
- Level: Main
- Dimensions: 8.5x13.5
Family room
- Level: Main
- Dimensions: 23.5x23.5
Kitchen
- Level: Main
- Dimensions: 8x13.5
Laundry
- Level: Main
- Dimensions: 5x6.5
Living room
- Level: Main
- Dimensions: 15x21.5
Other
- Dimensions: 9.5x11.5
Heating
- Baseboard, Hot Water, Natural Gas, Pellet Stove
Cooling
- Evaporative Cooling
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Disposal, Refrigerator
- Laundry: In Kitchen, Washer Hookup, Dryer Hookup
Features
- Laminate Counters, Main Level Primary, Pantry, Vaulted Ceiling(s), Walk-In Shower, Grab Bars in Shower or Tub, Grab Bars Around Toilet
- Flooring: Carpet, Tile
- Basement: Crawl Space
- Has fireplace: Yes
- Fireplace features: Pellet Stove
Interior area
- Total structure area: 1,968
- Total interior livable area: 1,968 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage, Garage Door Opener, RV Access/Parking
- Garage spaces: 2
Accessibility
- Accessibility features: Grab Bars, Low Threshold Shower
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck
- Exterior features: Sprinkler/Irrigation, Shed, Workshop
- Fencing: Chain Link,Picket
Lot
- Size: 0.57 Acres
- Dimensions: 85 x 300
- Features: Landscaped, Mature Trees
Details
- Additional structures: Shed(s)
- Parcel number: 293709219022
- Zoning description: SFR
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Frame
- Roof: Asphalt,Composition
Condition
- Year built: 1975
- Major remodel year: 2025
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & HOA
Community
- Subdivision: Town of Palisade
HOA
- Has HOA: No
- Services included: None
Location
- Region: Palisade
- Elevation: 4724
Financial & listing details
- Price per square foot: $304/sqft
- Tax assessed value: $582,670
- Annual tax amount: $2,029
- Date on market: 6/25/2025
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $598,000$304/sqft |
Source: GJARA #20253002 Report a problem | ||
| 8/1/2025 | Pending sale | $598,000$304/sqft |
Source: GJARA #20253002 Report a problem | ||
| 7/26/2025 | Price change | $598,000-0.2%$304/sqft |
Source: GJARA #20253002 Report a problem | ||
| 7/14/2025 | Price change | $599,000+0.7%$304/sqft |
Source: GJARA #20253002 Report a problem | ||
| 6/30/2025 | Pending sale | $595,000$302/sqft |
Source: GJARA #20253002 Report a problem | ||
| 6/25/2025 | Listed for sale | $595,000$302/sqft |
Source: GJARA #20253002 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,029 +2% | $41,070 +20% |
| 2024 | $1,988 +25.5% | $34,220 -3.6% |
| 2023 | $1,585 -0.6% | $35,490 +39.6% |
| 2022 | $1,594 +38% | $25,430 -2.8% |
| 2021 | $1,155 | $26,160 +24.9% |
| 2020 | $1,155 +11.3% | $20,940 -0.7% |
| 2019 | $1,038 | $21,090 +10% |
| 2018 | $1,038 +30.5% | $19,180 |
| 2017 | $795 | $19,180 +5% |
| 2016 | $795 -1% | $18,260 |
| 2015 | $803 -5% | $18,260 -3.4% |
| 2014 | $846 | $18,910 |
| 2013 | -- | $18,910 +16.2% |
| 2012 | $1,200 | $16,270 |
| 2011 | -- | $16,270 -26.5% |
| 2010 | -- | $22,150 |
| 2009 | -- | $22,150 +24% |
| 2008 | $1,399 -7.5% | $17,870 |
| 2007 | $1,512 +24.6% | $17,870 +23.2% |
| 2006 | $1,214 -7.1% | $14,500 |
| 2005 | $1,307 +17.2% | $14,500 +8.1% |
| 2004 | $1,115 -14.6% | $13,410 -13% |
| 2003 | $1,306 | $15,420 |
Find assessor info on the county website
Neighborhood: 81526
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Nearby schools
GreatSchools rating
- 8/10Taylor Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Mount Garfield Middle SchoolGrades: 6-8Distance: 2.8 mi
- 5/10Palisade High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Taylor
- Middle: MT Garfield (Mesa County)
- High: Palisade
Source: GJARA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Colorado
- Mesa County
- Palisade
- 81526
- 518 W 5th St
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