Montrose County property record for 515 S 3rd St, Olathe, CO 81425
| Property Type | Single Family Home |
|---|---|
| Details | 2 bd · 1 ba · 1,112 sqft · built 1948 |
| Lot Size | 0.143 acres (6,250 sqft) |
| Owner | Individual Name on File |
| Last Sale | $93,500 (Apr 2007) |
| Tax Bill | $1,012 (2025) |
| Deeds & Mortgages | May 2026 Line of Credit Feb 2022 Mortgage |
| Flood Zone | Zone X (minimal risk) |
| APN | 3723-103-29-009 |
| Primary APN | 3723-103-29-009 |
|---|---|
| Alternative APN |
|
| Bedrooms | 2 Beds |
|---|---|
| Full Baths | 1 Bath |
| Total Rooms | 1 Room |
| Stories | 1 Story |
| Building Area | 1,112 sqft Heated Area |
| Year Built | Built 1948 |
|---|---|
| Effective Year Built | Effective 1948 |
| Architectural Style | Cape Cod |
| Exterior Material | Concrete Block |
| Construction Type | Wood |
| Roof Type | Gable/Hip |
| Roof Material | Metal |
| Lot Area | 6,250 sqft (0.143 acres) |
| Lot Dimensions | 125 ft deep x 50 ft wide |
| Utility Building | 120 sqft |
| Cooling System | None |
|---|---|
| Heating System | Floor/Wall Furnace |
| Heating Fuel | Gas |
| Account Number | R0007375 |
|---|---|
| Street Address | 515 S 3RD ST |
| City | OLATHE |
| State | CO |
| Zip | 81425-5014 |
| Property Category | Residential |
| Property Type | Residential > Single Family > Home |
| Legal Description | SUBD: ALAMO HEIGHTS SUBD OF THE TOWN OF OLATHE BLOCK: 207 LOT: 19 AND:- LOT: 20 S: 10 T: 50 R: 10 |
| Legal Range | 10 |
| Legal Township | 50 |
| Legal Section | 10 |
| Legal Subdivision | ALAMO HEIGHTS SUBD |
| Legal Block | 207 |
| Jurisdiction | MONTROSE CO |
| Township / Civil Division | OLATHE |
| Census Block Group | 2 |
| Census Block | 2040 |
| Census Tract | 966202 |
515 S 3rd St is owned by an individual who bought it in April 2007.
Source: Montrose County records, as of May 21, 2026
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Owner of Record | Individual Name on File |
|---|---|
| Mailing Address | PO BOX 1403, OLATHE, CO 81425-1403 |
| Owner Type | Individual |
| Date | Document |
|---|---|
| May 4, 2026 | Deed of Trust, Mortgage · Line of Credit FIGURE LENDING LLC |
| Feb 22, 2022 | Deed of Trust, Mortgage · FHA Mortgage DEPARTMENT OF HOUSING & URBAN DEV |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Apr 26, 2007 · Amount on File |
| Deed Sale | Apr 26, 2007 · Amount on File |
| Prior Sale | Jul 2, 1991 · Amount on File |
| Deed Document Number | 2007772040 |
| Record Updated | Sep 20, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | MONTROSE CO |
| Recording Date | May 4, 2026 |
| Property Address | 515 S 3RD ST, OLATHE, CO 81425-5014 |
| Document Number | 0000990697 |
| Instrument Date | Apr 25, 2026 |
| Instrument | 2026990697 |
| Transaction Type | Mortgage |
| Record Updated | Jul 12, 2026 |
| Title Company | TITLE SERVICE AND LIAISON COMPANIES, INDECOMM GLOBAL SERVICES |
| Name | Verified Name |
|---|---|
| Address | 515 S 3RD ST, OLATHE, CO 81425-5014 |
| Document Number | 0000990697, |
|---|---|
| Date | May 4, 2026 |
| Instrument | 2026990697 |
| Name | FIGURE LENDING LLC |
|---|
| Type | Line of Credit |
|---|---|
| Amount | Amount on Record |
| Term | 360 Months |
| Due | May 21, 2056 |
| Rate | 6.38% |
|---|---|
| Max Rate | -1% |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | MONTROSE CO |
| Property Address | 515 S 3RD ST, OLATHE, CO 81425-5014 |
| Transaction Type | Mortgage |
| Record Updated | Mar 1, 2022 |
| Name | Verified Name |
|---|
| Document Number | 0000947095 |
|---|---|
| Date | Feb 22, 2022 |
| Instrument | 947095 |
| Name | DEPARTMENT OF HOUSING & URBAN DEV |
|---|---|
| Type | Government Agency |
| Address | WASHINGTON, DC 20410 |
| Type | FHA Mortgage |
|---|---|
| Amount | Amount on Record |
| Term | 357 Months |
| Due | Nov 1, 2051 |
The 2025 property tax bill for 515 S 3rd St was $1,012, up 56.7% from the year before.
Source: Montrose County assessment roll, as of May 18, 2026
| Type | Name |
|---|---|
| State | Colorado |
| County | Montrose County |
| Municipality | Olathe Town |
| Unified School District | Montrose County School District RE-1J (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $1,012.00 (+56.66%) | $14,150 (+73.41%) | $200,650 Land $47,200 Building $153,450 |
| 2024 | $646.00 (+3.36%) | $8,160 (-33.6%) Land $2,080 Building $6,080 | |
| 2023 | $625.00 | $12,290 Land $3,130 Building $9,160 | $121,750 Land $31,000 Building $90,750 |
Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.
FEMA maps place 515 S 3rd St in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2010.
Source: FEMA National Flood Hazard Layer, effective May 13, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
| Nearby Flood Policies | 9 in force |
| Nearby Flood Claims | 1 (2010) |
| Most Recent Claim | Mar 2010 · other causes |
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
The area around 515 S 3rd St has no burnable land within ember reach, so its wildfire risk is not rated.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Not rated no burnable land within ember reach |
|---|
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | TOWN OF OLATHE serves 3,015 people · EPA ID CO0143582 |
|---|---|
| Water Source | Purchased surface water from several systems |
| Last State Inspection | Jan 2023 |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | 1 last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.
Source: FCC Broadband Data Collection, based on 97 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Elevate Internet Fiber | 6,000 / 6,000 |
| Verizon Fixed Wireless | 300 / 20 |
| T-Mobile Fixed Wireless | 100 / 20 |
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