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125 Franklin Ave APT 407, Grand Junction, CO, 81505

1beds
1baths
548sqft
$165,000
$301price/sqft
$1,362/moest. monthly cost
$54,480/yrincome needed

About This Home

Welcome to your own slice of easy living in the heart of Grand Junction. Perched on the second floor, this adorably inviting 1 bed, 1 bath condo is the perfect blend of cozy comfort and low-maintenance lifestyle. Whether you're a first-time buyer, a lock-and-leave adventurer, or someone who simply loves simplicity done right - this one feels good the moment you walk in. Step inside and you’re greeted by a warm inviting living space punctuated by a charming wood-burning fireplace - because let’s be honest, everything is better with a little crackle and glow on a Colorado evening. The layout flows effortlessly, making the most of every square foot. Slide open the door to your sweet Juliet balcony, where fresh air becomes part of your daily ritual. It’s the kind of detail that makes a space feel just a little more special. The home is designed for easy living and even easier upkeep, so you can spend less time maintaining and more time enjoying everything around you. And speaking of enjoying… this community delivers. Think pool days in the summer, relaxing sauna sessions, and the convenience of on-site laundry and optional storage (available for a monthly fee). It’s the kind of setup that quietly makes life smoother. Tucked into the Franklin Street Condos community, you’re close CMU and to all the downtown convenience you need while still having a peaceful place to come home to. Cute. Comfortable. Convenient. This is condo living done just right.

Getting Around

71
WalkingVery Walkable
24
TransitMinimal Transit
88
BikeVery Bikeable

Schools

7/10
Pomona Elementary SchoolGrades K-50.9 mi
5/10
West Middle SchoolGrades 6-80.4 mi
5/10

Construction

Condition

  • Year built: 1976

Materials

  • Foundation: Stem Wall
  • Roof: Flat
  • Construction materials: Wood Siding,Wood Frame

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Electric Oven,Electric Range,Disposal,Microwave,Refrigerator,Range Hood
  • Laundry features: Common Area

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1

Dining Room

  • Level: Main
  • Dimensions: 6.5x8

Family Room

  • Dimensions: N/A

Features

  • Ceiling Fan(s),Kitchen/Dining Combo,Laminate Counters,Main Level Primary,Window Treatments,Programmable Thermostat
  • Window features: Window Coverings
  • Flooring: Luxury Vinyl,Luxury VinylPlank
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Baseboard,Fireplace(s)
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 548
  • Total interior livable area: 548 sqft

Kitchen

  • Level: Main
  • Dimensions: 8x8.5

Laundry

  • Dimensions: N/A

Living Room

  • Level: Main
  • Dimensions: 11.5x15

Master Bedroom

  • Level: Main
  • Dimensions: 11.5x11.5

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 294510424031
  • Zoning description: RH-24

Features

  • Patio & porch: None
  • Exterior features: None
  • Fencing: None

Lot

  • Lot size: 871.20 sqft
  • Features: Irregular Lot,None
  • Lot size dimensions: 16 x 41

Parking

  • Parking features: Assigned

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
    LightningRelatively High
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Earthquake
Inland Flooding
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 $834$10,008
Home Insurance *$42$504
Property Taxes $300$3,600
Electricity $186$2,232
Total$1,362$16,344
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,697/yr
40% on housing$40,860/yr
45% on housing$36,320/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: 13.1%
13.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.9%
2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$301This listing

vs Other Active Listings

Avg $/sqft

ZIP 81505$227
Mesa County$236

vs Homes Sold Last Month

Median $/sqft

ZIP 81505$302
Mesa County$263

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
2026-03-19Listed for sale$183,000
2025-08-08Sold$169,000
2025-07-11Pending sale$179,000
2025-05-07Listed for sale$179,000
2024-08-12Sold$169,000
2024-07-19Pending sale$165,000
2024-07-16Listed for sale$165,000
2020-12-21Sold$95,256
2019-11-24Listing removed$109,000
2019-11-13Price change$109,000
2019-10-31Listed for sale$112,000
2019-10-27Listing removed$1,000
2019-10-25Listed for rent$1,000
2019-09-24Sold$81,000
2019-08-27Pending sale$82,000
2019-08-17Listed for sale$82,000
2006-04-21Sold$51,000
1999-04-26Sold$35,000

For Sale by Agent

AgentLORETA SILVERIO
BrokerageTHE CHRISTI REECE GROUP

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