$157,500

Tbd E Downey Avenue

Cortez CO, 81321

Description

Opportunity knocks! Prime central location near schools, hospital and rec center. This is a 12 lot, infill subdivision (Kemnitz) that is ready for a builder/developer. It's located in CHAMP Housing and Affordability program area. This financially benefits anyone applying for permits before March 1st, 2020. ADU use is also permitted in this R-1 area. The property has been subdivided into 12 easy build, city lots with possible views. Each is approximately 75' X 110' (.189 acre) and priced at just over $13K each. The lots face E Downey Ave. Electric is currently available to 6 of the lots. Water, sewer, additional electric, and gas lines need to be laid. Utility tie-ins are very near in the surrounding developed neighborhood. This section of E Downey Ave is not paved and provides easier access to complete the infrastructure. The pricing of the lots should allow a builder to produce moderately priced new in-town homes, a product that is in short supply and in demand in Cortez.

Details

MLS#764240
Sub-TypeResale
StatusActive
Days On Site51

Features

ZoningResidential Single Family
Acreage2.26
Property ViewYes

Market Activity 81321

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Area Information

StateCO
CountyMontezuma
CityCortez
Zip Code81321
AreaCortez
Listing VS Median (in 81321)
Price:
$157,500
low | high
Med:
$179,000
36.349206349206% of Average
On Site:
51
low | high
Med:
30
100% of Average
Listing Updated: 12/14/2019
MLS Number: 764240
Listing Provided By:
Tina Bonecutter  of  Keller Williams Realty Southwest Associates LLC



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