1011 S 5th Street, Montrose, CO, 81401
About This Home
Price, potential, and opportunity in the heart of Montrose — seller is willing to work with the right offer. This 810 sq. ft. home offers 1 bedroom and 1 bathroom on a 6,250 sq. ft. lot within the City of Montrose Redevelopment Overlay (REDO) District. Built in 1955, the property offers an opportunity for an investor, buyer looking for an affordable home, or someone ready to bring their own ideas to the property. Conveniently located near downtown Montrose, shopping, dining and amenities. Bring your ideas — and bring your offer. Seller is ready to consider the possibilities.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1955
Materials
- Foundation: Slab
- Roof: Asphalt
- Construction materials: Wood Frame,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Stick Built
Interior
Appliances
- Appliances included: Range,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Features: Eat-in Kitchen
Features
- Flooring: Carpet-Partial,Linoleum
- Finished area above ground: 810
Heating & Cooling
- Heating features: Floor Furnace
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 810
- Total interior livable area: 810 sqft
Master Bedroom
- Level: Main
Property
Details
- Parcel number: 376727405006
- Zoning description: Residential Single Family
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 6,229 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Earthquake
- Inland Flooding
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,390 | $16,680 |
| Home Insurance * | $71 | $852 |
| Property Taxes | $82 | $984 |
| Electricity | $186 | $2,232 |
| Total | $1,729 | $20,748 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-09 | Price change | $275,000 |
| 2026-05-15 | Listed for sale | $289,500 |
View on Zillow