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506 E 1st Ave

Otis, CO 80743

5 beds
3 baths
2,665 sqft
~3/4 acre lot
$123 per sqft
1919 build
– on site

This charming rural property exudes modern elegance and comfort. The home has been transformed and boasts a completely updated interior with fresh, contemporary paint, finishes and 9-foot ceilings. Gleaming new hardwood flooring flows seamlessly throughout, complemented by stylish new baseboards, trim, and door casings. Trendy barn door decor accentuates the open-concept living spaces, adding a rustic flair. The heart of the home shines with a fully modern kitchen and renovated bathrooms featuring sleek fixtures and stylish design. Year-round, a state-of-the-art dual fuel furnace, tankless water heater, and new PEX lines ensure energy-efficient comfort. The exterior is equally impressive, with new roofing, siding, windows, and gutters enhancing durability and curb appeal. Outside, the property delights with thoughtfully updated landscaping, creating a picturesque setting. A large backyard includes new sod, a cozy firepit, a dedicated dog run, garden beds and a large storage shed. The property offers a blend of modern upgrades and rural charm, making it a true gem.

Listing courtesy of IRES

Last checked: Checking… • Last updated Apr 30, 2025 •

MLS# 1031554 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1919
New Construction:

false
Construction Materials:

Wood/Frame
Architectural Style:

Contemporary/Modern
Total SqFt:

3,292 Sqft
Building Area Total:

2038
Roof:

Composition
Levels:

Tri-Level
Basement:

Full
Stories:

3
Direction Faces:

North
Window Features:

Window Coverings
Patio And Porch Features:

Patio
Accessibility Features:

Level Lot
Above Grade Finished Area:

2038
Below Grade Finished Area:

1254

Interior

Interior Features:

Satellite Avail
Fireplace:

true
Fireplace Features:

Family/Recreation Room Fireplace
Living Room Level:

Main
Living Room Features:

Hardwood
Kitchen Level:

Main
Kitchen Features:

Hardwood
Dining Room Level:

Main
Dining Room Features:

Hardwood
Family Room Level:

Main
Family Room Features:

Hardwood

Room Dimensions

Living Area:

2665
Living Area Units:

Square Feet
Living Area Source:

Licensee
Main Floor SqFt:

1558
Living Room Area:

416
Living Room Length:

32
Living Room Width:

13
Kitchen Length:

13
Kitchen Area:

169
Kitchen Width:

13
Family Room Area:

304
Family Room Length:

19
Family Room Width:

16
Master Bedroom Area:

324
Master Bedroom Width:

18
Master Bedroom Length:

18
Bedroom 2 Area:

144
Bedroom 2 Length:

12
Bedroom 3 Length:

13
Bedroom 2 Width:

12
Bedroom 4 Length:

11
Bedroom 3 Area:

143
Bedroom 3 Width:

11
Bedroom 5 Length:

18
Bedroom 4 Area:

121
Bedroom 4 Width:

11
Bedroom 5 Area:

360
Bedroom 5 Width:

20

Financial & Terms

Listing Terms:

Cash

Location

Coordinates:

-102.959697, 40.148711
Latitude:

40.148711
Longitude:

-102.959697

The Property

Property Type:

Residential
Property Subtype:

Residential-Detached
Parcel Number:

98045001001
Lot Features:

Level
Lot Size Acres:

0.86
Lot Size SqFt:

37,462 Sqft
Lot Size Area:

37462
Lot Size Units:

Square Feet
Zoning:

Res
Possible Use:

Single Family
Horse:

false
Fencing:

Fenced
Other Structures:

Kennel/Dog Run
Waterfront:

false
Road Frontage Type:

City Street
Road Surface Type:

Paved
Has Water Rights:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

$934

Beds

Bedrooms Total:

5
Bedroom 2 Level:

Upper
Bedroom 2 Features:

Hardwood
Bedroom 3 Level:

Upper
Bedroom 3 Features:

Hardwood
Bedroom 4 Level:

Main
Bedroom 4 Features:

Hardwood
Bedroom 5 Level:

Basement
Bedroom 5 Features:

Hardwood
Master Bedroom Level:

Upper
Master Bedroom Features:

Hardwood

Baths

Total Baths:

3
Three Quarter Baths:

2
Full Baths:

1
Master Bath Features:

3/4 Primary Bath, Luxury Features Primary Bath

The Listing

Special Listing Conditions:

Private Owner

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Natural Gas Available
Gas:

Natural Gas, Black Hills
Electric:

Electric, YW Electric
Sewer:

City Sewer
Water Source:

City Water, Town of Otis

Appliances

Appliances:

Gas Range/Oven

Schools

Elementary School:

Otis
Middle School:

Otis
High School:

Otis
High School District:

Otis R-3

The Community

Association:

false
Subdivision Name:

East Mercure Add
Spa:

false
Senior Community:

false

Parking

Parking Features:

Alley Access
Garage Spaces:

3
Garage:

true
Garage SqFt:

744 Sqft
Garage Type:

Detached
Attached Garage:

false
Covered Spaces:

3

Monthly cost estimate

Asking price

$330,000

Expense	Monthly cost
Mortgage	$1,767
Taxes	$77
Insurance	$90
Utilities	$228 See report
Total	$2,162/mo.^*
	^*This is an estimate

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Air Pollution Index

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Sale history

Date	Event	Source	Price	% Change
4/18/25 Apr 18, 2025	Listed / Active	IRES	$330,000	67.1% (15.8% / YR)
1/18/21 Jan 18, 2021		IRES	$197,500

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This house located in Otis, CO 80743 is currently for sale for $330,000. 506 E 1st Ave is a 2,665 square foot house with 5 beds and 3 baths that has been on Estately for 33 days. This house is in the attendance area of Otis Junior-Senior High School and Otis Elementary School.

Listing Courtesy of: IRES

TERMS OF USE: listing information 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.

Information deemed reliable but not guaranteed by the MLS