502 West Main Street

502 West Main Street

New Castle, CO 81647

$1,775,000
Price
5
Beds
6
Baths
7,474 Sq. Ft.
$237 / Sq. Ft.
7,474
Sq. Ft.
$237
per Sq. Ft.
a front view of a building
a view of a building and a street
a front view of a building
a view of a brick building with a large window
a bedroom with furniture and a large window
a living room with furniture and a wooden floor
a bedroom with a bed and glass door
a bedroom with furniture and a wooden floor
a bedroom with a bed and wooden floor
a living room with furniture and a wooden floor
a room with furniture and a wooden floor
a kitchen with a sink appliances and cabinets
a kitchen with a refrigerator and a stove top oven
a bathroom with a shower and a sink
a bathroom with a sink mirror toilet and next to a wall
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a bedroom with a large bed and a chandelier
a bathroom with a sink toilet and shower
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a bathroom with a sink and a mirror
a spacious bedroom with a bed and a chandelier
a view of entryway with a hall
a living room with furniture and a large window
a bed room with a bed and a chandelier
a living room with a bed and furniture
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a kitchen with a stove and a white cabinets
a bathroom with a sink toilet vanity and shower
a bed room with a bed and a television
a bedroom with furniture and a fireplace
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a front view of a house with a yard
a bathroom with a sink toilet and shower
a view of entryway and hall
a front view of a house with a yard and garage
a view of a building with a street

Description

Welcome to Ore House Inn! This property has a rich history and is an iconic landmark in the small mountain town of New Castle. With a full remodel over the last several years, the building and business are truly turn key and ready for a new owner. The property offers seven residential units and one commercial space. Currently the commercial space is leased through 2024 to a boutique gift shop and the seven residential units are being used as short term rentals. The ground floor consists of the commercial...Welcome to Ore House Inn! This property has a rich history and is an iconic landmark in the small mountain town of New Castle. With a full remodel over the last several years, the building and business are truly turn key and ready for a new owner. The property offers seven residential units and one commercial space. Currently the commercial space is leased through 2024 to a boutique gift shop and the seven residential units are being used as short term rentals. The ground floor consists of the commercial space plus one residential unit and upstairs are six additional rooms that are connected with hallways that characterize New Castle's mining history. This property has a history of strong cash flow and little vacancy. With the Western Slope continuing to experience rapid growth, there is no reason to believe this trend will not continue for many years to come. Located on Main Street, it's an easy stroll to restaurants, shops, hiking and biking trails. The interstate is located just a couple of minutes away and also within a short drive are world class rivers, famous hot springs, several golf courses, skiing, hunting, camping, climbing and more. Aspen, Vail and Grand Junction are just one hour away. The property has four private parking spots including an EV charging station. Whether you're searching for a stable investment property, short term rental, or a mixed use space to accommodate your commercial needs, this property should be considered.
  1. Listed by Shawn Manwaring • Roaring Fork Sotheby's Meadows • (970) 366-3511
  2. Listed by non- member • Non-Member Office

Property Details for 502 West Main Street

Style
Two Story
Sub/Loc
Townsite of New Castle
Garage
None

Location

Listing Courtesy of Roaring Fork Sotheby's Meadows, Shawn Manwaring; Non-Member Office, non- member
Add your commute
LISTING UPDATED: 02/28/2024 04:43 PM

Property Details for 502 West Main Street

StatusActive
MLS #181760
Days on Market199
Taxes$5,295 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Residential Income
Year Built1898
Lot Size0.11 AC / 4,791 SF
CountyGarfield County

Location

Listing Courtesy of Roaring Fork Sotheby's Meadows, Shawn Manwaring; Non-Member Office, non- member
Add your commute

Building Information for 502 West Main Street

Stories2Residences-Year Built1898Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$10,128 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,687

Property Taxes

$441

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 502 West Main Street

General Information
Location Details
  • Directions: USE GPS to 502 Main St. New Castle CO 81647
Key Details
  • Acreage: Refer to Lot Size
  • Room Total: 0
General Details
  • Under Construction: No
  • Parcel #: 212331222019
  • Lot Size: 3,001 - 6,000
  • Lv Ht SqFt: 7,474.00
  • Zoning: Mixed Use
  • Total SqFt: 7,474.00
  • Lot Size Area: .11
  • Attached Garage: No
  • Unfinished SqFt: .00
  • General Info: Main Floor Master: Yes
Feature Details
Feature Details
  • Water Source: Public
  • Association Fee Includes: Sewer
  • Roof: Membrane
  • Roof: Membrane: Yes
  • Exclusions: TV Stand in Iceberg Room, Painting by Thomas Elmo Williams in 1892
  • Inclusions: All kitchen appliances, laundry equipment, & trade fixtures as of the date of this Listing Agreement shall be included in the advertised price and conveyed to Buyer upon Closing. All personal property & furnishings as of the date of this contract shall also be included
  • Cooling: A/C
  • Heating: Forced Air, Baseboard
  • Laundry Features: Inside
  • Parking Area: Electric Vehicle Charging Station(s)
  • Building Features: Yes
  • HOA Dues: $0
  • Condition: Excellent
  • Cooling: Yes
  • Heating: Yes
  • General Info:Levels: 2.00
  • Sanitation:Sewer: Yes
  • Construction: Frame: Yes
  • Exterior: Brick Veneer: Yes
  • Condition: Excellent: Yes
  • Water Rights: No: Yes
  • Extras: Electric Vehicle Hook-Up: Yes
  • Extras: Guest/Caretaker Qtrs: Yes
  • Extras: Softener: Yes
  • Location Amenities: Views: Yes
  • Mineral Rights: No: Yes
  • Sign: Yes
  • Substructure: Unfinished Basement: Yes
Listing / Finance Information
Listing Information
  • Pre-Fabricated Home: No
  • Listing Info: Flat Fee: No
  • Listing Info: REO: No
Financial Information
  • Tax Year: 2023
  • Metro Tax District: No
  • Financing Info: Metro Tax District: No
  • Financing Info: Transfer Tax: No
  • Financing Info: Total HOA Fee Per Year: $.00
  • Financing Info: HOA Transfer Fee: No

Property History for 502 West Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 502 West Main Street

Taxable ValueLand$19,970Additions$65,030Total$85,000
Tax Record2023$5,295 ($441 / month)
Home Facts
Total Finished SqFt7,474 SqFtAbove Grade Finished SqFt7,474 SqFtStories2Lot Size5,000 SqFtStyleMiscellaneous CommercialYear Built1898CountyGARFIELDAPN212331222019

Schools near 502 West Main Street

This home is within Garfield Re-2 School District.
Rating
School
Type
Grades
Distance
Elk Creek Elementary School
Public - PK to 5
Riverside School
Public - 6 to 8
Coal Ridge High School
Public - 9 to 12
Liberty Classical Academy
Private - PK to 12
Rating
School
Distance
Elk Creek Elementary School
PublicPK to 5

Riverside School
Public6 to 8

Coal Ridge High School
Public9 to 12

Liberty Classical Academy
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 502 West Main Street, New Castle, CO 81647

502 West Main Street is a multi-family home for sale in New Castle, CO 81647. This property was listed for sale on November 15, 2023 by Roaring Fork Sotheby's Meadows, it's currently listed at $1,775,000. This listing's school district is Garfield Re-2 School District. Nearby schools include Elk Creek Elementary School, Riverside School and Coal Ridge High School. 502 West Main Street is a 5-bed, 6-bath, 7,474 sqft multi-family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Roaring Fork Sotheby's Meadows, Shawn Manwaring; Non-Member Office, non- member

All information is deemed reliable, but accuracy is not guaranteed. Listing information is based on information from the Aspen / Glenwood MLS for the period 11/14/2023 05:00 PM through 06/01/2024 01:50 PM. The property information being provided is for the consumer’s personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 02/28/2024 04:43 PM