




512 N 5th Street, Montrose, CO, 81401
About This Home
Welcome to simple living in the heart of Montrose, Colorado — where life moves just a little slower and community still matters. This charming one-bedroom, one-bath home is perfectly positioned just down the street from a local school and only minutes from downtown Montrose’s coffee shops, local restaurants, and small businesses. Whether it’s a morning stroll, an evening bike ride, or a quick trip to grab dinner with friends, you’ll love the convenience of this central location. Set on a spacious lot, the home is tucked back from the road, creating a sense of privacy and space that’s hard to find this close to town. There’s room to garden, gather with friends under the Colorado sky, or simply enjoy a quiet evening in your own backyard retreat. Inside, the flexible lower-level space offers opportunity — a home office, workout area, creative studio, or cozy second living space. It’s a layout that adapts to your lifestyle and grows with your needs. Whether you’re looking for your first home, a downsizing option with room to breathe, or an investment in one of Western Colorado’s most welcoming communities, this property captures the heart of Montrose living — comfortable, convenient, and full of possibility.
Getting Around
Schools
Construction
Condition
- Year built: 1927
Materials
- Roof: Composition
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Stick Built
Interior
Appliances
- Appliances included: Dryer,Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Cooling
- Cooling features: Ceiling Fan(s)
Dining Room
- Features: Kitchen/Dining
Features
- Ceiling Fan(s)
- Window features: Vinyl
- Flooring: Carpet-Partial,Hardwood
- Fireplace features: Other
- Fireplace: Yes
- Finished area below ground: 256
- Finished area above ground: 948
Interior Area
- Total structure area: 948
- Total interior livable area: 948 sqft
Property
Details
- Parcel number: 376728123004
- Zoning description: Residential Single Family
Features
- Patio & porch: Deck
- Exterior features: Landscaping,Lawn Sprinklers
Lot
- Lot size: 609.84 sqft
Parking
- Total spaces: 1
- Parking features: Detached Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Inland Flooding
- Earthquake
- 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 | $1,592 | $19,104 |
| Home Insurance * | $81 | $972 |
| Property Taxes | $94 | $1,128 |
| Electricity | $186 | $2,232 |
| Total | $1,953 | $23,436 |
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 |
|---|---|---|
| 2026-02-20 | Listed for sale | $315,000 |
| 2026-02-01 | Listing removed | $333,000 |
| 2025-10-23 | Price change | $325,000 |
| 2025-09-15 | Listed for sale | $333,000 |
| 2017-07-21 | Sold | $138,000 |
| 2015-03-24 | Listing removed | $97,700 |
| 2015-01-24 | Listed for sale | $97,700 |
| 2006-02-24 | Sold | $125,000 |
