537 N Elm Street, Cortez, CO 81321
Slavens · Montezuma County
Key Facts
Description
537 N Elm St offers the kind of value-add opportunity investors are constantly searching for in the Cortez market. This property sits on a generous lot with alley access, mature trees, and multiple exterior structures. The location is central and convenient for those looking to be in town. The interior provides substantial square footage to work with, including a large galley kitchen, two separate living areas and multiple spaces that can be reconfigured into additional bedrooms or functional layouts. The home has solid bones and a layout that can be modernized while still offering plenty of room for value appreciation. Many original features remain, giving investors the option to restore vintage character or start fresh with a full remodel. Outside, the property includes a covered parking area, fenced yard, and outbuildings—components that can be revitalized to strengthen resale or rental appeal. The backyard’s open layout and courtyard-like areas add to the potential for creating attractive outdoor living spaces or expanding utility options.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1949
Living Area
1,610 sq ft
Lot Size
0.16 acres
MLS® Listing#
832560
Property Features
Schools
- Elementary:
- Kemper K-5
- Middle:
- Cortez 6-8
- High:
- Montezuma-Cortez 9-12
Financial Details
HOA
None
Annual Taxes
$827
Tax year 2024
Parcel Number
561126207003
Directions
Head north on N Broadway (CO-145) from Main Street. Continue for about 0.4 miles. Turn left onto E Empire St. Go one block and turn right onto N Elm St. Continue a short distance — the property will be on your right.
Affordability Calculator
$59,800
Estimated monthly payment
$1,591/mo
Principal $239,200 · Est. interest $333,705 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cortez, CO
- $394,000
- Median Listing Price
- 75
- Median Days on Market
- 1,824
- Median Sq Ft
- $236
- Median Price / Sq Ft
- 121
- Active Listings
- This home’s price is 24% below the area median.
- Its price per sq ft is 21% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cortez, CO.
Location
Points of Interest in Cortez, CO
Showing the Cortez area map.
Nearby Schools
Montezuma-Cortez School District Re-1
School · 0.1 mi away
Beech Street Preschool
School · 0.2 mi away
Cortez Middle School
Secondary · 0.6 mi away
Kemper Elementary School
Elementary · 0.7 mi away
Cortez Adventist Christian School
School · 0.8 mi away
Children's Kiva Montessori School
Elementary · 0.8 mi away
Manaugh Elementary School
Elementary · 0.8 mi away
Montzemuna Cortez High School
Secondary · 0.9 mi away
Mesa Elementary School
Elementary · 1.0 mi away
Mesa View Head Start
School · 1.1 mi away
Montezuma-Cortez High School
Secondary · 1.6 mi away
Southwest Open School
Secondary · 1.8 mi away
High Desert Early Head Start
School · 2.0 mi away
Lighthouse Christian Academy
School · 2.5 mi away
Lewis-Arriola Elementary School
Elementary · 8.9 mi away
Dolores High School
Secondary · 9.9 mi away
Dolores Elementary School
Elementary · 9.9 mi away
Battle Rock Charter School
Elementary · 13.9 mi away
Mancos Middle School
Secondary · 16.2 mi away
Mancos School District
Secondary · 16.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 501 E 2nd Street, Cortez, CO | $215,000 | 5 | 2 | 1,933 |
| 12 E 4th Street, Cortez, CO | $225,000 | 2 | 1 | 896 |
| 600 S Beech St, Cortez, CO | $225,000 | 2 | 1 | 736 |
| 410 W 6th Street #7, Cortez, CO | $230,000 | 2 | 2 | 1,050 |
| 5 W 10th Street, Cortez, CO | $238,000 | 3 | 3 | 1,192 |
| 938 Livesay Drive, Cortez, CO | $245,000 | 2 | 2 | 1,064 |
Moving Cost Estimate
EXIT Agents in Cortez
Listing Courtesy: Aspen Groen, Independent Broker - aspengroenrealtor@gmail.com
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Real Estate listings held by companies other than Aspen Groen, Independent Broker contain that company's name.
Fair Housing Disclaimer
Date Last Updated
.
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