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1235 Cedar St, Norwood, CO, 81423

2beds
1baths
960sqft
$399,000
$416price/sqft
$2,343/moest. monthly cost
$93,720/yrincome needed

About This Home

Escape to your own peaceful retreat. This charming rustic bungalow has 2 bedrooms, 1 bath, a large shop and the most gorgeous privacy fenced yard. Situated on 2 legal parcels, at .326 acres there is plenty of room for additions, garage, etc.The expansive yard has everything from a wonderful swing, a fire pit, a bar-music stand for entertaining to rare antique farm implements. The landscaping is delicious with apricot, pear and plumcot trees along with evergreens, lilacs and mature elms providing wonderful shade. The yard is completely privacy fenced for pets and children. It's your own lush backyard oasis filled with greenery in the middle of Norwood, a gardener's delight. And what keeps this all green? A raw water tap for irrigation. There is a spacious

Getting Around

41
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

9/10
Norwood Public SchoolGrades PK-120.2 mi

Construction

Condition

  • Property condition: 40+ Years
  • Year built: 1909

Materials

  • Roof: Metal
  • Construction materials: Frame,Wood (Natural)

Notable Dates

  • Major remodel year: 2021

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Lofts: None

Heating

  • Heating features: Baseboard,Electric,Natural Gas,Other,Combination

Interior Area

  • Total structure area: 960
  • Total interior livable area: 960 sqft

Property

Details

  • Parcel number: R2010020431
  • Zoning description: Residential
  • Other equipment: Irrigation Equipment

Lot

  • Lot size: 0.33 Acres

Parking

  • Total spaces: 3
  • Parking features: Open
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Uncovered 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
    LightningVery High
  • Avalanche
    AvalancheRelatively High
  • Landslide
    LandslideModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Avalanche
Landslide
Wildfire
Winter Weather

FEMA Declared Disasters Across Colorado Counties

Fire
Flood
Severe Storm
Tornado

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

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$51$612
Property Taxes $89$1,068
Electricity $186$2,232
Total$2,343$28,116
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,331/yr
40% on housing$70,290/yr
45% on housing$62,480/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

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.

Insurance Growth Rate5-year average: 15.5%
15.5%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 15.3%
15.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$416This listing

vs Other Active Listings

Avg $/sqft

ZIP 81423$629
San Miguel County$1,499

vs Homes Sold Last Month

Median $/sqft

ZIP 81423
San Miguel County$345

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

DateEventPrice
2025-10-07Price change$479,000
2025-09-08Listed for sale$499,000
2024-08-25Listing removed$587,000
2024-06-08Listed for sale$587,000

For Sale by Agent

AgentArleen Boyd
BrokeragePine Cone Realty

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