Primary on Main
Address
718 E Main Street Montrose, CO
Price
$ 805,000
Property Attributes
  • MLS#777229
  • TypeCommercial
  • CountyMONTROSE
  • CityMontrose
  • AreaMontrose City
  • Zip81401
  • StyleMulti-Use w/Res
  • Year Built1902
  • Taxes$ 2791
  • Price$ 805,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4414
  • Lot Size10,890 SqFt
Listing Provided Courtesy Of:
Berkshire Hathaway HomeServices Western Colorado Properties
Data Source:
Colorado Real Estate Network
Property Description

A piece of history, known locally as the Lathrop House was built by John Virgil Lathrop in 1902. The Free Classic Queen Anne Style home is characterized by its asymmetrical massing, multi-gable roof, projecting bays, decorative porches, conical roof porch section, and ornamented gables. The home was placed on the National Historic Registry in 1988 and is one of the few homes in the area with this designation. The large wrap around porch draws you in. Through the front door you enter into the foyer with direct access to the main stairwell, the front living area and parlor. Tucked behind the stairwell is the main floor master bedroom. The main floor bath adjoins the bedroom and kitchen area. The kitchen features two refrigerators and two ovens, granite countertops and is truly the heart of the home tying everything together. You can step down into the sunken family room and escape out to the back patio for some fresh air, or sneak up the back stairwell to the second floor. If you're feeling more social, the expansive dining room is just off to the west and leads you back to the main living and parlor room. The second floor is home to three bedrooms, one with it's very own half bath, and a full bathroom at the end of the hall complete with clawfoot tub and marble vanity. The fourth bedroom on the second floor can be completely shut off from the rest of the house with a full bathroom, kitchenette and laundry and it's own private access from the back patio. The final stairwell leads you up to the third floor, fully finished apartment. The third floor can also be shut off from the main house, making it the perfect guest quarters or rental space. With so many options, including commercial zoning, this is the perfect home, vacation rental, or a mix of both! The current cap rate is based on a covid discount and only 2 units being occupied. If the main unit is occupied as well, the cap rate would go up to 6%.

Price History
12/23/2020 Listed $805,000

General Features

Available Utilities Cable, Electric, Fiber Optics, Internet, Natural Gas, Phone
Class COMMERCIAL
Flooring Carpet, Laminate, Tile
New Construction Y/N No
Parking 2-10 Total Spaces
Roof Metal
Sewer Public Sewer Installed
Status Active
Status Active
Stories 3
Type Multi-Use w/Res
Utilities Electric, Internet, Natural Gas, Water
Zoning B2

Interior Features

1/2 Baths 1
3/4 Baths 2
Finished SF 4414
Fixtures Included No
Full Baths 2
Heating Boiler, In-Floor Radiant
Total Rooms 3

Exterior Features

Carport No
Domestic Water Public
Foundation Basement-Below Grade, Stone
Lot Dimensions 10937
Lot Size Area 0.25
Parking Spaces 5
Railroad Siding/spur No
Water Rights/irrig. No
Waterfront No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 81401

Price
AVG $670K
$810K
Taxes
AVG $7,836
$2,791
Visits
AVG 44
241
Year Built
AVG 1957
1902
Walkscore
AVG 63
81
Data Provided by Walkscore ® not using MLS data

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