$240,000
$10K PRICE DROP

Terrace Gardens Condominiums 1135 Florida Rd Unit 27 Durango, CO 81301

Riverview Neighborhood

Estimated payment $1,825/month

Total Views 6,039
2 Beds
1 Bath
900 Sq Ft
$267 Price per Sq Ft

About This Home

This two bedroom, one bath condo in Terrace Gardens is priced below market value, perfect for investors and first-time home buyers. It is located in town Durango, just a short drive to Ft Lewis, Bread Bakery, the river trail, various restaurants and multiple hiking and biking trails. The condo includes a designated storage unit, coin-op laundry on site, and plenty of parking. Currently, there is a long-term tenant in the property with a contract until June 2026. So, you can start earning income on this unit right away. The HOA fees include: Building Maintenance,Sewer,Water,Gas,Snow Removal and Parking. This is a great opportunity for someone looking to start investing in real estate or a couple looking for their first home. The seller is motivated so make your offer today.

Listing Agent

Lisa Govreau

RE/MAX Pinnacle Listed on: 07/11/2025

RE/MAX Pinnacle

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,053

Year Built

  • Built in 1973

HOA Fees

  • $470 Monthly HOA Fees

Parking

  • 1 Carport Space

Home Design

  • 900 Sq Ft Home

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Riverview K-5 Elementary School
  • Miller 6-8 Middle School
  • Durango 9-12 High School

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Internet Available

Community Details

  • Association fees include building maintenance, gas, insurance, sewer, water, snow removal
  • Terrace Gardens HOA
  • Terrace Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 566516406052

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,053

Year Built

Built in 1973

Lot Details

0

HOA Fees

$470 per month

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher
  • Class: RESIDENTIAL
  • Em Deposit: 5.000
  • Em Holder: Title Durango
  • Legal Lot Block: Subdivision: TERRACE GARDEN CONDO Unit: 27 DESC: BLDG C,
  • Parcel Id Number: 566516406052
  • Price Per Sq Ft: 266.67
  • Real Estate Included: Yes
  • Sale/Rent: For Sale
  • Street Descriptionaccess: City/Town
  • Street Designation: Road
  • Tax Account Id: R015528
  • Zoning: Residential Single Family
  • Type: Condo
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: Charter Spectrum
  • Internet Service: Yes
  • Total Taxes Dollar: 1053
  • Year Built: 1973
  • Foreign Owned Y N: No
  • Prop Description Remarks: This two bedroom, one bath condo in Terrace Gardens is priced below market value, perfect for investors and first-time home buyers. It is located in town Durango, just a short drive to Ft Lewis, Bread Bakery, the river trail, various restaurants and multiple hiking and biking trails. The condo includes a designated storage unit, coin-op laundry on site, and plenty of parking. Currently, there is a long-term tenant in the property with a contract until June 2026. So, you can start earning income on this unit right away. The HOA fees include: Building Maintenance,Sewer,Water,Gas,Snow Removal and Parking. This is a great opportunity for someone looking to start investing in real estate or a couple looking for their first home. The seller is motivated so make your offer today.
  • Subdv Name: Terrace Gardens
  • Unit Suite Number: C27
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Bedrooms: 2
  • Flooring: Carpet-Partial, Tile
  • Estimated Total Sq Ft: 900
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 1
  • Total Office Den: 0

Garage/Parking

  • Carport: Yes
  • Carport Spaces: 1

Utilities

  • Utilities: Electric, Natural Gas, Internet
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Atmos Energy
  • Heating System: Hot Water Baseboard
  • Sewer Supplier: City of Durango
  • Water Supplier: City of Durango

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Building Maintenance, Gas, Insurance, Sewer, Water, Snow Removal
  • Hoametro Fees: 470
  • HOA Metro Fees Frequency: Monthly
  • Hoa Name: Terrace Gardens

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Riverview K-5
  • Middle School: Miller 6-8

Map

About Terrace Gardens Condominiums

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $577 $20,540 -- $20,540
2024 $491 $12,210 -- $12,210
2023 $491 $15,030 $0 $15,030
2022 $544 $16,490 $0 $16,490
2021 $546 $13,750 $0 $13,750
2020 $475 $12,360 $0 $12,360
2019 $455 $12,360 $0 $12,360
2018 $396 $10,910 $0 $10,910
2017 $387 $10,910 $0 $10,910
2016 $357 $10,960 $0 $10,960
2015 $281 $10,960 $0 $10,960
2014 $281 $8,850 $0 $8,850
2013 -- $8,850 $0 $8,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2025 10/26/25 Price Changed $240,000 -4.0% $267 / Sq Ft
08/25/2025 08/25/25 For Sale $250,000 0.0% $278 / Sq Ft
08/22/2025 08/22/25 Pending -- -- --
07/11/2025 07/11/25 For Sale $250,000 -- $278 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Source: Public Records

Source: Colorado Real Estate Network (CREN)

MLS Number: 826403

Colorado Real Estate Network (CREN)

APN: R015528

Colorado La Plata County Durango 81301 Riverview

1135 Florida Rd Unit 27, Durango, CO

For Sale

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Colorado Real Estate Network (CREN) IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

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Lisa Govreau
Listing Agent
Lisa Govreau
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RE/MAX Pinnacle
(970) 717-4685