20 Colorado Avenue, Montrose, CO, 81401
About This Home
Development opportunity! Over half an acre lot zoned B4. This unique property offers a home that sits on a spacious lot offering future development, expansion, or investment possibilities (buyer to verify with local zoning and guidelines). The existing home provides a great starting point and is ideal for investors, builders, or buyers looking to secure land with future upside. The potential development possibilities make this a rare opportunity!
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1954
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
- Construction materials: Wood Frame,Other
Type & Style
- Home type: SingleFamily
- Property subType: Stick Built
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Range,Refrigerator
- Laundry features: W/D Hookup
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Cooling
- Cooling features: Window Unit(s)
Features
- Window features: Double Pane Windows,Metal,Single Pane,Wood Frames
- Flooring: Carpet-Partial,Linoleum,Tile
Interior Area
- Total structure area: 2,208
- Total interior livable area: 2,208 sqft
Property
Details
- Parcel number: 376734204017
- Zoning description: Commercial,Residential Single Family
Features
- Levels: Bi-Level,Split-Level
- Patio & porch: Deck
- Exterior features: Landscaping
- Has view: Yes
- View description: Mountain(s)
Lot
- Lot size: 0.61 Acres
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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 | $3,155 | $37,860 |
| Home Insurance * | $162 | $1,944 |
| Property Taxes | $187 | $2,244 |
| Electricity | $186 | $2,232 |
| Total | $3,690 | $44,280 |
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 |
|---|---|---|
| 2026-03-06 | Listed for sale | $624,000 |
| 1993-05-07 | Sold | $55,000 |
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