NOT LISTED FOR SALE

1929 Lake Purgatory Dr Durango, CO 81301

Estimated Value: $843,000 - $1,042,000

2 Beds
2 Baths
1,852 Sq Ft
$523/Sq Ft Est. Value

Last Sold September 25, 2023

Last sale price $910,000 $491 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,529/month

7 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • 2 Car Detached Garage
  • Near a National Forest

About This Home

As of September 2023

True Colorado home in the mountains, set up against the tall pines, bordering thousands of acres of National Forest, close to lakes, minutes to Purgatory for skiing, and the ultimate Colorado mountain living. With the spacious deck wrapping two sides of the home, allowing enjoyment of the mountain views, the whispering pines, and the cool mountain air 365 days a year. Offering over 1,850 square feet, two bedrooms on the main level and a huge loft upstairs, this home makes a great second home, primary residence, or a short-term rental that sleeps over 12 people. The main level features a living room with vaulted ceilings, log accents, a massive river rock fireplace, perfect for winter nights cuddled in during a winter snow fall. An abundance of natural light through the windows on the main level with the living, dining, and kitchen sharing the entertainment space. Spacious bedrooms, hall bath, and a good size laundry room make up the first floor. Second story features a space perfect for a home office or bunk beds for guests, while also having a secondary loft area that fits two more queen beds. The upstairs bath area is a dream space with huge tub looking to the pines and mountains. Detached, oversized two garage has plenty of room for getting the vehicles out of the snow, but also offers an unfinished bonus room that would be a perfect game room, media room, home office, or a place to hang out while on vacation. Fully covered front deck with mountain views, side deck featuring a brand new hot tub, with the back yard only steps into National Forest. This Colorado Mountain Home will not last, close to town of Durango, minutes to golfing at Glacier, skiing at Purgatory, or a hike in the National Forest, don’t miss this charmer.

Last Agent to Sell the Property

Lauren Ammerman

The Wells Group of Durango, LLC Listed on: 08/01/2023

Last Buyer's Agent

Kristin Daly

The Wells Group of Durango, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,270

Year Built

  • Built in 1995

Lot Details

  • 1 Acre Lot

HOA Fees

  • $64 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Home Design

  • Metal Roof
  • Aluminum Siding
  • Stone Siding
  • Log Siding
  • Stick Built Home

Interior Spaces

  • 1,852 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Mountain Views

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Well
  • Septic Tank
  • Internet Available

Community Details

  • Lake Purgatory HOA
  • Lake Purg1 Subdivision
  • Near a National Forest

Listing and Financial Details

  • Assessor Parcel Number 508936403026

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,270

Year Built

Built in 1995

Lot Details

0

HOA Fees

$64 per month

Listing Details

  • Estimated Total Acres: 1
  • Class: RESIDENTIAL
  • Em Deposit: 15000
  • Em Holder: Colorado Title
  • Legal Lot Block: SUBDIVISION: LAKE PURGATORY #1 BLOCK: 0 LOT: 26 LAKE PURGATORY UNIT 1 1929 LAKE PURGATORY DR DURANGO 81301
  • Lot Size Acreage: 1-1.99
  • Parcel Id Number: 508936403026
  • Price Per Sq Ft: 491.36
  • Property Description: Borders National Forest
  • Real Estate Included: Yes
  • Realist Id: 5089-364-03-026
  • Residence Stories: Two Story
  • Sale/Rent: For Sale
  • Siding: Log, Stone, Aluminum Siding
  • Sold Price Sq Ft: 491.36
  • Street Designation: Drive
  • Tax Account Id: R012388
  • Zoning: Residential Single Family
  • Type: Stick Built
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Service: Yes
  • Total Taxes Dollar: 1269.80
  • Year Built: 1995
  • Foreign Owned Y N: No
  • Prop Description Remarks: True Colorado home in the mountains, set up against the tall pines, bordering thousands of acres of National Forest, close to lakes, minutes to Purgatory for skiing, and the ultimate Colorado mountain living. With the spacious deck wrapping two sides of the home, allowing enjoyment of the mountain views, the whispering pines, and the cool mountain air 365 days a year. Offering over 1,850 square feet, two bedrooms on the main level and a huge loft upstairs, this home makes a great second home, primary residence, or a short-term rental that sleeps over 12 people. The main level features a living room with vaulted ceilings, log accents, a massive river rock fireplace, perfect for winter nights cuddled in during a winter snow fall. An abundance of natural light through the windows on the main level with the living, dining, and kitchen sharing the entertainment space. Spacious bedrooms, hall bath, and a good size laundry room make up the first floor. Second story features a space perfect for a home office or bunk beds for guests, while also having a secondary loft area that fits two more queen beds. The upstairs bath area is a dream space with huge tub looking to the pines and mountains. Detached, oversized two garage has plenty of room for getting the vehicles out of the snow, but also offers an unfinished bonus room that would be a perfect game room, media room, home office, or a place to hang out while on vacation. Fully covered front deck with mountain views, side deck featuring a brand new hot tub, with the back yard only steps into National Forest. This Colorado Mountain Home will not last, close to town of Durango, minutes to golfing at Glacier, skiing at Purgatory, or a hike in the National Forest, don’t miss this charmer.
  • Subdv Name: Lake Purg1
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Bedrooms: 2
  • Flooring: Hardwood, Tile
  • Estimated Total Sq Ft: 1852
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 2
  • Total Office Den: 0

Exterior Features

  • Roof: Metal
  • Views: Mountains

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Propane
  • Sewer Supplier: Septic
  • Water Supplier: Well
  • Water Well: Yes

Condo/Co-op/Association

  • HOA: Yes
  • Hoametro Fees: 770
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Lake Purgatory

Schools

  • Elementary School: Animas Valley K-5
  • Middle School: Miller 6-8
  • High School: Durango 9-12
  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Partially Furnished

Tax Info

  • Tax Year: 2022

MLS Schools

  • Elementary School: Animas Valley K-5
  • Middle School: Miller 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Sep 25, 2023
Sold by
Lake Purgatory Family Partnership Llc
Bought by
Wiltse Russell Thomas and Brown Burns Jill
Seller's Agent
Lauren Ammerman
The Wells Group of Durango, LLC
Buyer's Agent
Kristin Daly
The Wells Group of Durango, LLC
List Price
$910,000
Sold Price
$910,000
Views
25
Current Estimated Value
$974,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,688
Avg. Annual Appreciation
4.24%
Original Mortgage
$460,000
Outstanding Balance
$451,539
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$531,949

Purchase Details

Closed on
May 11, 1993
Bought by
Lake Purgatory Family Llc
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
Wiltse Russell Thomas $910,000 Colorado Title & Closing Servi
Lake Purgatory Family Llc $17,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wiltse Russell Thomas $460,000
Previous Owner Washburn Rosemary M $100,000
Previous Owner Woodburn Thomas $337,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2023 09/25/23 Sold $910,000 0.0% $491 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $910,000 -- $491 / 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 $1,551 $54,840 $9,110 $45,730
2024 $1,328 $31,630 $5,090 $26,540
2023 $1,328 $34,640 $5,570 $29,070
2022 $1,270 $36,630 $5,890 $30,740
2021 $1,276 $30,770 $4,640 $26,130
2020 $1,232 $30,620 $5,210 $25,410
2019 $1,223 $31,700 $5,210 $26,490
2018 $1,229 $31,890 $4,870 $27,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 806553

Colorado Real Estate Network (CREN)

APN: R012388