NOT LISTED FOR SALE

11487 Highway 550 Durango, CO 81303

Estimated Value: $533,000 - $851,000

3 Beds
2 Baths
3,500 Sq Ft
$203/Sq Ft Est. Value

Last Sold February 18, 2021

Last sale price $445,000 $127 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,851/month

Highlights

  • Accessory Dwelling Unit (ADU)
  • Horses Allowed On Property
  • 2 Car Detached Garage
  • Durango High School Rated A-
  • 35 Acre Lot
  • Pasture

About This Home

As of February 2021

This is a fantastic property with endless possibilities! Perfect for Horses, cattle, or growing Hay and other crops. Irrigated property with 3 shares of Florida adjudicated Sr. water rights, 20 acre feet of project water. Huge hay barn with stalls. Two Ponds. Spring fed well. Detached two car garage with workshop. Adobe Guest home with full bath. Perfect for Ranch hands, Mother-in Law or teenagers who want their privacy. Other outbuildings include storage for large farm equipment and tractors and Chicken House. The main house is perfect for entertaining with its spacious family room. Large enough to have a pool table, dining table and setting area with a gas fireplace and many windows which allows an abundance of natural light. Kitchen designed for convenience with large pantry. There is also a large utility/mud room, 3 Bedrooms, 2 Baths and an Office round out this Spacious two story home. Master bedroom has private deck and Walk in Closet. Take in the mountain views from anywhere on this property. Seller currently yields approximately 3000 bales of hay per year. This property also has the potential to subdivide. Your Colorado Gentleman's Ranch awaits you! Great Potential!

Last Agent to Sell the Property

Julee Glynn

Legacy Properties West Sotheby's Int. Realty Listed on: 10/07/2020

Legacy Properties West Sotheby's Int. Realty

Last Buyer's Agent

Julee Glynn

Legacy Properties West Sotheby's Int. Realty Listed on: 10/07/2020

Legacy Properties West Sotheby's Int. Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $561

Year Built

  • Built in 1964

Lot Details

  • 35 Acre Lot
  • Cross Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • 3,500 Sq Ft Home
  • Ranch Property
  • Studio

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Homes

  • Accessory Dwelling Unit (ADU)
  • 330 SF Accessory Dwelling Unit

Schools

  • Sunnyside K-5 Elementary School
  • Escalante 6-8 Middle School
  • Durango 9-12 High School

Farming

  • Hay Barn
  • 29 Irrigated Acres
  • Pasture

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Corral

Utilities

  • Irrigation Water Rights
  • Well
  • Internet Available

Listing and Financial Details

  • Security Deposit $20,000
  • Assessor Parcel Number 590530400624

Home Details

Home Type

Single Family

Est. Annual Taxes

$561

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Additional Living Quarters: Yes
  • Class: Farmranch
  • Em Holder: Colorado Title/Closing
  • Horse Setup: Yes
  • Legal Lot Block: Section: 30 Township: 34 Range: 9 TR IN SE/4 LS 993450 11487 US HWY 550 DURANGO 81303
  • List Price per Sq Ft: 219.97
  • Lot Size Acreage: 35-50 Acres
  • Parcel Id Number: 590530400624
  • Price Per Sq Ft: 127.14
  • Sold Price Sq Ft: 127.14
  • Property Type: Residential/Single Family, Agriculture
  • Type: With Residence
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Irrigation Acres: 29
  • Estimated Total Acres: 35
  • Estimated Total Sq Ft: 3500
  • Current Property Use: Irrigated Farmland
  • Em Deposit: 20,000
  • Main Sf: 3500
  • Possible Property Use: Irrigated Farmland
  • Property Attached Yn: Yes
  • Water Rights Irrigation: Yes
  • Adjudicated Yn: Yes
  • Annual Irrigation Cost: 600
  • Barn Yn: Yes
  • Can Be Subdivided: Unknown
  • Corral Yn: Yes
  • Estimated Dwelling 2 Total Sq Ft: 330
  • Garage Yn: Yes
  • Improvementsstructures: Hay Barn, Barn, Corral, Garage, Guest House
  • Irrigation Systemrights: Deeded Water, Early Water, Well, Open Ditch, Gated Pipe, Sprinklers/Big Gun, Pump
  • Irr Water Descamnt: 20 acre Ft
  • Pasture: Yes
  • Price Acre: 21997.14
  • Total Officedens: 0
  • Additional Living Type: Studio
  • Internet Service: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 560.56
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Exterior Features

  • Fence: Cross Fence

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Capacity: 2

Utilities

  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Mesa Propane, Inc.
  • Irrigation Water District: Florida Water Distrist
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 0000000

Schools

  • Elementary School: Sunnyside K-5
  • Middle School: Escalante 6-8
  • High School: Durango 9-12
  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

MLS Schools

  • Elementary School: Sunnyside K-5
  • Middle School: Escalante 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2020
Closed on
Feb 16, 2021
Sold by
Lutgen William L and Lutgen Sherrie L
Bought by
Hess Jacqueline Marie and Hess Joy L
Seller's Agent
Julee Glynn
Legacy Properties West Sotheby's Int. Realty
Buyer's Agent
Julee Glynn
Legacy Properties West Sotheby's Int. Realty
List Price
$769,900
Sold Price
$445,000
Premium/Discount to List
-$324,900
-42.2%
Current Estimated Value
$709,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,402
Avg. Annual Appreciation
10.48%
Original Mortgage
$422,750
Outstanding Balance
$377,776
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$331,626
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Hess Jacqueline Marie -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hess Jacqueline Marie $422,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2021 02/18/21 Sold $445,000 -42.2% $127 / Sq Ft
01/03/2021 01/03/21 Pending -- -- --
10/07/2020 10/07/20 For Sale $769,900 -- $220 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

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 $1,574 $33,110 $5,260 $27,850
2024 $1,574 $33,110 $5,260 $27,850
2023 $1,385 $26,950 $5,280 $21,670
2022 $1,473 $25,440 $5,410 $20,030
2021 $1,500 $26,660 $5,940 $20,720
2020 $1,401 $24,990 $5,540 $19,450
2019 $1,213 $22,140 $5,540 $16,600
2018 $1,259 $23,090 $7,060 $16,030
2017 $1,246 $23,220 $7,060 $16,160
2016 $1,092 $20,980 $4,550 $16,430
2015 $44 $20,980 $4,550 $16,430
Source: Public Records

Agents Affiliated with this Home

  • Julee Glynn

    Seller's Agent in 2021

    Julee Glynn

    Legacy Properties West Sotheby's Int. Realty

    (970) 749-8587

    114 Total Sales

    Julee Glynn
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 775317

Colorado Real Estate Network (CREN)

APN: R432334

Colorado La Plata County Durango 81303

11487 Highway 550, Durango, CO

This home is located at 11487 Highway 550, Durango, CO 81303 since 07 October 2020 and is currently estimated at $709,402, approximately $202 per square foot. This property was built in 1964. 11487 Highway 550 is a home located in La Plata County with nearby schools including Sunnyside Elementary School, Escalante Middle School, and Durango High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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