$750,000
$750,000
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5 Beds
3 Baths
2,274 SqFt
SOLD DATE : 07/11/2024
Key Details
Sold Price $750,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,274 sqft
Price per Sqft $329
MLS Listing ID 183964
Sold Date 07/11/24
Bedrooms 5
Full Baths 2
Three Quarter Bath 1
HOA Y/N Yes
Originating Board Aspen Glenwood MLS
Year Built 1949
Annual Tax Amount $3,328
Tax Year 2023
Lot Size 0.382 Acres
Acres 0.38
Property Description
Captivating Opportunity!!
Exceptional Dual-Living Property in Scenic West Glenwood Springs
Nestled in the heart of West Glenwood Springs, Colorado, this versatile dual-living property at 259 Mel Ray offers an unparalleled opportunity for homeowners and investors alike. Positioned on a charming corner lot, this property features two distinct living units, ideal for multi-generational living, rental income potential, or a combination of both.
Unit A: Spacious 3BD/1.75BA Single Family Home
The upper portion of this single-family home boasts three bedrooms and 1.75 bathrooms, providing ample space and privacy. It includes indoor access to a two-car garage, convenient for storage and sheltering vehicles from the elements. The utility room with washer/dryer hookups simplifies household chores with in-home laundry capabilities as well as the .75 bathroom. Additionally, Unit A features a unique meditation room with a historical touch, having access for coal to be shoveled in, which can also be used as a cellar. The corner lot with yard access offers outdoor space for relaxation or gardening. Located close to transportation, schools, shops, dining, and with quick access to I-70, this unit ensures connectivity and convenience.
Unit B: Cozy 2BD/1BA Garden-Level Living
The lower garden-level unit features two bedrooms and one bathroom, a comfortable living space for smaller households or tenants. It includes a back patio and yard, providing a private outdoor area for entertaining or enjoying the Colorado scenery. The spacious layout ensures a comfortable living experience with well-proportioned rooms. Washer/dryer included adds convenience for laundry needs. Two entrances/exits enhance accessibility and safety for residents. Located near public transportation, educational institutions, shopping centers, dining options, and more, making daily life effortless.
Versatile Investment Potential
This property stands as a robust investment opportunity due to its prime location, well-maintained condition, and flexible living arrangements. The dual-unit setup appeals to a broad range of potential buyers, from families seeking additional rental income to investors looking for a high-demand rental property or use as a single family residence.
Scenic and Convenient Location
Glenwood Springs is renowned for its stunning natural beauty and vibrant community. Residents of 259 Mel Ray enjoy quick access to major highways, facilitating easy travel and commuting. The property is close to schools and shops, enhancing the convenience of daily errands and educational needs. There are abundant recreational opportunities near parks, trails, and rivers, perfect for outdoor enthusiasts.
Viewing and Contract Information
To explore the full potential of this property, schedule a private tour with our dedicated listing agent. A 48-hour consideration window is requested for all showings.
Don't miss this unique opportunity to own or invest in a property that combines comfort, convenience, and potential for lucrative returns in the heart of Glenwood Springs. For more details or to arrange a private tour, please contact our dedicated listing agent.
Location
State CO
County Garfield
Area Glenwood Springs
Zoning Garfield County
Direction Take Exit 114 from I-70. At the roundabout turn onto Mel Rey Road. The destination is on your left.
Interior
Heating Hot Water, Natural Gas
Exterior
Utilities Available Natural Gas Available
Roof Type Composition
Building
Lot Description Corner Lot
Water Public
Architectural Style Two Story
New Construction No
Others
Tax ID 218506101008
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
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