E
Seller's Agent in 2020
Erin Dale
RE/MAX
(970) 903-3323
18 Total Sales
0 Rainbow Rd Durango, CO 81301
Estimated Value: $1,013,138 - $1,137,000
3
Beds
3
Baths
3,030
Sq Ft
$358/Sq Ft
Est. Value
Highlights
- Horses Allowed On Property
- Mountain View
- Wood Flooring
- Durango High School Rated A-
- Deck
- Main Floor Primary Bedroom
About This Home
As of August 2020PREINPECTED AND MOVE IN READY TODAY! Don't miss your chance to move in to this beautiful home before summer and have a bountiful garden ready for fall harvest! 3 bed + office/bonus room, 2.75 bath home, on 3 irrigated acres with multiple water rights, is only a short 15 minute drive to Durango and has something for everyone including two finished garages and several other outbuildings. Entering the home, you are immediately greeted by large sun filled windows and a view of the impeccably landscaped back yard with an automatic, in-ground sprinkler system and a view of the pasture and mountains beyond. A well designed and remodeled kitchen includes granite counter tops, pantry, stainless steel appliances with gas range/oven, and a breakfast bar. The main level also hosts a separate dining room and living room. A main level master suite, master bath and a walk-in closet with large windows, as well as an additional bedroom and full bath complete the main level. Step outside and relax on a large 2 level deck/patio, perfect for enjoying your coffee or a glass of wine while enjoying the view at sunset. The lower level, daylight basement, has 2 more bedrooms, a full bath and a 29ft x 25ft family/rec room. The home is freshly painted and has brand new carpet. This property benefits from four sources of water! It is served by the community domestic spring water system, a domestic well drilled in 2017, and irrigation is supplied by the East Mesa Ditch Company as well as an additional irrigation spring water system. The separate, oversized, 23ft wide x 30ft deep 2 car garage, as well as the fully finished, 23ft wide x 22ft deep, workshop with a 10ft wide by 8ft tall garage door will give you plenty of space to park your vehicles, store your toys or work on your hobbies. Both buildings are heated, have electrical,water, sewer and propane supplied to them. The workshop also has an evaporative cooler and ample power. The property includes 8ft wildlife fencing surrounding the backyard and irrigated pasture. The 37ft x 52ft garden is also served by the underground sprinkler system. An additional outbuildings include an 8ft x 8ft chicken coop, a 4ft x 8ft garden shed as well as an 8ft x 12ft covered area protected by separate fencing.Perfect for chickens or other barnyard critters. The orchard has 7 fruit trees with room for more. The property has great potential for first class horse property with plenty of room for a barn and riding arena.
Home Details
Home Type
- Single Family
Year Built
- Built in 1994
Lot Details
- 3 Acre Lot
- Back Yard Fenced
- Landscaped
- Sprinkler System
Property Views
- Mountain
- Valley
Home Design
- Architectural Shingle Roof
- Cedar Siding
- Stick Built Home
Interior Spaces
- 3,030 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Formal Dining Room
- Finished Basement
Kitchen
- Eat-In Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Slate Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
Laundry
- Dryer
- Washer
Parking
- 4 Car Detached Garage
- 1 Carport Space
- Heated Garage
- Garage Door Opener
Outdoor Features
- Deck
- Patio
- Separate Outdoor Workshop
- Shed
Schools
- Sunnyside K-5 Elementary School
- Escalante 6-8 Middle School
- Durango 9-12 High School
Farming
- 3 Irrigated Acres
- Pasture
- Cattle
- Hogs
- Sheep or Goats
- Fenced For Cattle
Horse Facilities and Amenities
- Horses Allowed On Property
Utilities
- Evaporated cooling system
- Hot Water Baseboard Heater
- Heating System Powered By Leased Propane
- Heating System Uses Propane
- Irrigation Water Rights
- Well
- Propane Water Heater
- Water Purifier
- Septic Tank
- Septic System
- Internet Available
- Phone Available
- Cable TV Available
Community Details
- Property has a Home Owners Association
- Association fees include road maintenance
- Rainbow Springs HOA
Listing and Financial Details
- Assessor Parcel Number 590531203002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 28, 2023
Sold by
358 Rainbow Road Llc
Bought by
Mehus Living Trust and Mehus
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Outstanding Balance
$535,290
Interest Rate
7.63%
Mortgage Type
Seller Take Back
Estimated Equity
$550,745
Purchase Details
Listed on
May 16, 2018
Closed on
Sep 5, 2018
Sold by
Coutlee Craig J and Coutlee Family Trust
Bought by
385 Rainbow Road Llc
Seller's Agent
Micah Owen
R1 Colorado
Buyer's Agent
Micah Owen
R1 Colorado
List Price
$679,000
Sold Price
$630,000
Premium/Discount to List
-$49,000
-7.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%
Purchase Details
Listed on
May 16, 2018
Closed on
Sep 4, 2018
Sold by
Coutlee Craig J
Bought by
358 Rainbow Road Llc
Seller's Agent
Micah Owen
R1 Colorado
Buyer's Agent
Micah Owen
R1 Colorado
List Price
$679,000
Sold Price
$630,000
Premium/Discount to List
-$49,000
-7.22%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mehus Living Trust | $950,000 | None Listed On Document | |
| Mehus Living Trust | -- | None Listed On Document | |
| Mehus Living Trust | $950,000 | None Listed On Document | |
| 385 Rainbow Road Llc | $630,000 | Land Title Guarntee Co | |
| 358 Rainbow Road Llc | -- | Land Title Guarntee Co | |
| Coutlee Family Trust | -- | Land Title Guarntee Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mehus Living Trust | $830,000 | |
| Closed | Mehus Living Trust | $830,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/03/2020 08/03/20 | Sold | $670,000 | +91.4% | $221 / Sq Ft | |
| 06/07/2020 06/07/20 | Pending | -- | -- | -- | |
| 05/22/2020 05/22/20 | Sold | $350,000 | +13.6% | $211 / Sq Ft | View Prior Sale |
| 03/07/2020 03/07/20 | Pending | -- | -- | -- | |
| 02/24/2020 02/24/20 | Sold | $308,000 | -55.9% | $181 / Sq Ft | View Prior Sale |
| 02/21/2020 02/21/20 | For Sale | $699,000 | +99.7% | $231 / Sq Ft | |
| 12/17/2019 12/17/19 | Pending | -- | -- | -- | |
| 12/10/2019 12/10/19 | For Sale | $350,000 | +11.1% | $211 / Sq Ft | |
| 12/02/2019 12/02/19 | Price Changed | $315,000 | -3.1% | $185 / Sq Ft | |
| 11/12/2019 11/12/19 | For Sale | $325,000 | -7.1% | $191 / Sq Ft | |
| 10/31/2019 10/31/19 | Pending | -- | -- | -- | |
| 10/28/2019 10/28/19 | Price Changed | $350,000 | -4.1% | $211 / Sq Ft | |
| 10/15/2019 10/15/19 | Price Changed | $365,000 | -2.7% | $220 / Sq Ft | |
| 09/12/2019 09/12/19 | Price Changed | $375,000 | -6.3% | $226 / Sq Ft | |
| 09/03/2019 09/03/19 | For Sale | $400,000 | -36.5% | $241 / Sq Ft | |
| 09/05/2018 09/05/18 | Sold | $630,000 | -7.2% | $178 / Sq Ft | View Prior Sale |
| 07/19/2018 07/19/18 | Pending | -- | -- | -- | |
| 05/16/2018 05/16/18 | For Sale | $679,000 | +41.5% | $192 / Sq Ft | |
| 01/27/2017 01/27/17 | Sold | $480,000 | -3.0% | $197 / Sq Ft | View Prior Sale |
| 12/19/2016 12/19/16 | Pending | -- | -- | -- | |
| 12/07/2016 12/07/16 | For Sale | $495,000 | -2.9% | $204 / Sq Ft | |
| 04/22/2016 04/22/16 | Sold | $510,000 | -5.4% | $168 / Sq Ft | View Prior Sale |
| 03/10/2016 03/10/16 | Pending | -- | -- | -- | |
| 01/17/2016 01/17/16 | For Sale | $539,000 | +75.3% | $178 / Sq Ft | |
| 09/04/2015 09/04/15 | Sold | $307,500 | -3.6% | $145 / Sq Ft | View Prior Sale |
| 08/04/2015 08/04/15 | Pending | -- | -- | -- | |
| 07/13/2015 07/13/15 | For Sale | $319,000 | -- | $151 / Sq Ft |
Source: Colorado Real Estate Network (CREN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,160 | $56,120 | $10,170 | $45,950 |
| 2024 | $1,758 | $42,460 | $7,340 | $35,120 |
| 2023 | $1,758 | $43,200 | $7,870 | $35,330 |
| 2022 | $1,828 | $45,420 | $8,270 | $37,150 |
| 2021 | $1,841 | $42,480 | $7,260 | $35,220 |
| 2020 | $1,744 | $41,430 | $7,130 | $34,300 |
| 2019 | $1,613 | $41,430 | $7,130 | $34,300 |
| 2018 | $1,188 | $37,760 | $6,930 | $30,830 |
| 2017 | $1,164 | $37,760 | $6,930 | $30,830 |
| 2016 | $857 | $32,330 | $7,240 | $25,090 |
| 2015 | $807 | $32,330 | $7,240 | $25,090 |
| 2014 | -- | $28,920 | $7,240 | $21,680 |
| 2013 | -- | $28,920 | $7,240 | $21,680 |
Source: Public Records
Agents Affiliated with this Home
-
Erin Dale
-
Justin Osborn
Seller's Agent in 2020
Justin Osborn
The Wells Group of Durango, LLC
(970) 946-3935
347 Total Sales
-
Amber Johnson
Seller's Agent in 2020
Amber Johnson
Durango Land and Homes
(970) 946-5732
83 Total Sales
-
Aaron Peterson
Buyer's Agent in 2020
Aaron Peterson
The Wells Group of Durango, LLC
(970) 903-4566
72 Total Sales
-
Marcy Pryor
M
Buyer's Agent in 2020
Marcy Pryor
Coldwell Banker Mountain Properties
(970) 749-5626
40 Total Sales
-
Logan Austin
Buyer's Agent in 2020
Logan Austin
Keller Williams Realty Southwest Associates, LLC
(970) 759-4044
51 Total Sales
Map
Source: Colorado Real Estate Network (CREN)
MLS Number: 766844
APN: R432479
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