1545 S Spruce Street, Norwood, CO 81423 (MLS# 39537)


$880,000
1545 S Spruce Street
Norwood, CO 81423
MLS# 39537
Status: Closed
3 beds


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Property Description
Development rich development property adjacent to Norwood, 37.60 acres with 2 cash flowing rentals. One 1800 SF 3 bedroom 2 bath home, and one 880 SF apartment with a garage. The 2 residences are currently in the county serviced by a well and septic. The 37.60 acres is prime residential real estate that joins the town of Norwood city limits on 2 sides with county road on the West side of the property. Engineering is currently underway for a residential development prime for annexation to the town of Norwood. Application is in process. The proposed development would include a mixed development of single family residential homes sites and multi family construction potential. This project has a potential for + or – 100 home sites or a mix of single family and multi family sites

Details
Listing & Location Info
Major Area: 50
Lot #: 1
Historical Qualifctn: No
Keywords Info
Flex Room: None
Age: 21 - 40 Years
Deed Restrict: None
Bedrooms: 3
Full Baths: 2
General Info
Nbr of Acres: 37.6
Zoning: Residential
Legal: A TRACT OF LAND IN THE SW4 NW4 OF SECT 27 45 13 CONT 37.60 ACRES ACC TO PLAT BK 1 PG 1044 MARTIN SUBDIVISION EXEMPTION
Est Finished SqFt: 2133
Source SqFt: Assessor
Directions: From Highway 145 going thru Norwood turn South on Spruce street, and keep going to the fence and gate, and that is the north boundary then keep going on south to the two houses.
View 1: lone cone telluride
View 2: san juans la sals
Subdivision: None
Year Built: 1983
Financing Info
Taxes: 1519.5
Tax Year: 2020
RETT: None
Assessor's Acct #: R2030090295
Utility Info
Phone Lines: Regular Phone
Primary Heat: Combination
Disclosures
Other See Addendum: 1
Construction
Frame: 1
Exterior Finish
Masonite: 1
Furnished
None: 1
Water
Other: 1
Style
Ranch: 1
Sanitation
Septic: 1
Covered Parking
1 Car: 1
Open Area Parking
3 Car +: 1
Special Location
Near Park: 1
Very Rural: 1
Gas
Propane Tanks: 1
Electric
Power Company: 1
Access
City: 1
Gravel: 1
Listing Location Info
Current Price: $880,000
Sub-Type: County Over 35 Acres
Area: Norwood/Redvale (Major Area 50)
Asking Price: 889000
Street #: 1545
Street Direction Pfx: S
Street Name: Spruce
Street Suffix: Street
City/Town: Norwood
County: San Miguel County
State/Province: CO
Postal Code: 81423
Status Change Info
Status: Closed
Under Contract Date: 2021-10-12
Sold Date: 2021-12-13
Sold Price: $880,000
Property Features
Disclosures: Other See Addendum
Furnished: None
Style: Ranch
Construction: Frame
Covered Parking: 1 Car
Open Area Parking: 3 Car +
Sanitation: Septic
Water: Other
Gas: Propane Tanks
Electric: Power Company
Exterior Finish: Masonite
Access: Gravel
Special Location: Near Park; Very Rural
Supplements
Houses both have renters in them. The property is being marketed as a development property. Subdivision plats are being drafted at this time. Prime location for a much needed housing development. The two houses are just a bonus.

IDX
Listing Office: Norwood Real Estate Company
Listing Agent: Craig Everett Greager

Last Updated: January - 24 - 2026

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