10 months on rocket

1428 Greene St, Silverton, CO, 81433

$3,259,000

0 Baths
Multi
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeMulti Family
HeatingSteam, Floor Furnace
BasementYes
ViewMountain(s), Valley
MLS #805317
Lot Size0.11 Acres
StatusActive

About 1428 Greene St

A truly one of a kind acquisition opportunity in Silverton, CO, this mixed-use multifamily building is the largest apartment building in town with 10 residential units in addition to 3 commercial units on Silverton's main street. The property is 100% occupied with a strong historical occupancy and has been well maintained since construction. The building's exterior has recently been fully painted and the entire heating system has been improved and optimized. Amongst the 10 residential units there are 8 units offering a spacious 2 bed 2 bath layout with either bay-windows or french doors providing ample natural light and wonderful views of the San Juan Mountains that surround Silverton. The other two residential units are ground floor and ADA compliant with one unit being a large studio and the other being a 1 bed 1 bath with living space and separate kitchen area. All units have separate meters for electricity while the owner pays the other utilities and common area maintenance. Within the common areas is a coin op laundry room with 2 washers and 2 dryers that create additional income and are a great benefit for the tenants. Behind the building there are 4 covered parking spaces in the carport which have the option to create additional income as rented parking spaces. Significant opportunities for value add are found in the partially finished basement which totals 3,457 SqFt of space that has two points of egress and is tied into the robust sprinkler/fire suppression system that runs throughout the building. This space has an area that is stubbed out to create an additional bathroom and could be utilized as a gym facility, additional office spaces, or expansion of the paid storage areas and once finished would increase the total square footage of the building to 15,456. In addition, this property is located within the Business Pedestrian zoning district, which means this entire building has the ability to offer short term vacation rentals as a use by right, providing the owner various options in utilizing the property and maximizing their income. With the strict short term rental regulations in the region, this is a rare opportunity that does not come up often in beautiful Silverton, CO. The demand for housing in Silverton significantly outweighs the supply and this is an opportunity to be one of the largest providers of housing in the region.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Realty Southwest Associates, LLC
  • Listing Agent: Logan Austin

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Carpet, Linoleum

Exterior Features

Exterior Information:

  • View: Mountain(s), Valley

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Steam, Floor Furnace

Other

Directions Information:

  • Directions: From downtown Silverton head northeast on Greene street just past 14th street to property located on the right side of Greene street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,259,000

Tax Information:

  • Annual Amount: $2,885
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Silverton, CO.

Map thumbnail provided by MapBox

Silverton, CO

City

Med. List Price

$683K

Med. Price/SqFt

$448

Avg. Days On Market

265

1428 Greene St vs Silverton

308 DAYS ON ROCKET

+43 Days

$3,259,000

+$2.5M More

KEY TAKEAWAY

This property is $2.5M more than the Median List Price in Silverton, CO.

Based on homes listed in April 2024

MLS Details

MLS Information:

  • MLS Number: #805317

Listing Office:

  • Office Name: Keller Williams Realty Southwest Associates, LLC
  • Listing Agent: Logan Austin

IDX Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network. Real estate listings held by another brokerage firm include that company name. All data on this web site is deemed reliable but is not guaranteed.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other expert assistance is required, the services of a competent, professional person should be sought

The information contained in this publication is subject to change without notice. COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. CREN SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

Equal HousingAll real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information. COLORADO REAL ESTATE NETWORK will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

All Rights Reserved Worldwide. COPYRIGHT 2024 by COLORADO REAL ESTATE NETWORK, 16 S Cascade, Montrose, CO 81401 USA

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Real Estate listings held by other companies contain that company's name. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN).
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2024, 7:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 01, 2021Home Sold
$1,300,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,885$65,078
2019$2,885$65,078
2018$2,785$62,029
2017$2,772$62,029

History based on county public records data.

Payment Calculator

$16.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,837

Powered By

Rocket Mortgage

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-5833833
7
/10

  • Telluride Elementary School

  • 447 W Columbia Ave

  • 12.02 miles

  • Public District Grades KG-2

school-card-donut-5833834
5
/10

  • Ridgway Elementary School

  • 1115 Clinton St

  • 24.19 miles

  • Public District Grades PK-5

school-card-donut-5833835
6
/10

  • Animas Valley Elementary School

  • 373 Hermosa Meadows Rd

  • 29.97 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,618. Most Silverton, CO residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes logo

Interested in 1428 Greene St? Let's connect.

Contact Us

(855) 200-2001

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.

Rocket Homes›Colorado›San Juan County›Silverton›81433›1428 Greene St

This home is located at 1428 Greene St in Silverton, CO and zip code 81433. This home sits on a 0.11 acre lot. It has been listed on Rocket Homes since June 30, 2023 and is currently priced at $3,259,000.

The number of listings in Silverton, CO increased by 12.5% between March 2024 and April 2024. In April 2024 median list price was $683,000 and the average listing age was 265 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources