NOT LISTED FOR SALE

225 Mercado St Durango, CO 81301

Three Springs Neighborhood

Estimated Value: $504,000 - $549,000

2 Beds
2 Baths
1,280 Sq Ft
$415/Sq Ft Est. Value

Last Sold March 26, 2024

Last sale price $494,500 $386 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,325/month

18 Days on Market

Highlights

  • Deck
  • Contemporary Architecture
  • Granite Countertops
  • Durango High School Rated A-
  • Main Floor Primary Bedroom
  • 3-minute walk to Confluence Park

About This Home

As of March 2024

Built in 2018, this 2 bedroom, 2 bath townhome in Three Springs is modern, clean and exceptionally well-maintained. With tons of windows, this home shines with natural light and a soothing blend of farmhouse chic and contemporary finishes. The main level consists of an open floor plan concept along with two en suites, making for easy one-level living. A roomy flex space on the upper level offers an area for exercise equipment, an office, or playroom, and the fenced yard ensures you'll always have access to your own private outdoor space. There is also a covered front deck that enjoys great morning sun. In addition to on-street parking, this home offers an attached one-car garage plus an extra off-street parking space. Living on Mercado Street means you're steps away from a 3 acre city park, the Three Springs plaza where you can enjoy summer concerts, dining options including Taco Boy and Homeslice Pizza, and you're only a short walk to Mercy Hospital and all of the surrounding medical services, as well as mountain biking and hiking trails, plus the Three Springs paved trail system.

Last Agent to Sell the Property

Todd Sieger

Coldwell Banker Mountain Properties Listed on: 02/05/2024

Coldwell Banker Mountain Properties

Last Buyer's Agent

Karen Steiner

The Wells Group of Durango, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,341

Year Built

  • Built in 2018

Lot Details

  • 2,178 Sq Ft Lot
  • Partially Fenced Property
  • Privacy Fence

HOA Fees

  • $35 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Architectural Shingle Roof
  • Wood Siding
  • Siding

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Combination Dining and Living Room
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Parking

  • 1 Car Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 566902103378

Community Details

Overview

  • Three Springs HOA
  • Three Springs Subdivision

Recreation

  • Community Playground
  • Park

Pet Policy

  • Dogs Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,341

Year Built

Built in 2018

Lot Details

0

HOA Fees

$35 per month

Listing Details

  • Appliance Inclusions: Refrigerator, Dishwasher, Microwave, Range/Oven
  • Estimated Total Acres: 0.05
  • Class: RESIDENTIAL
  • Common Facilities: Park, Playground
  • Em Deposit: 10,000.00
  • Em Holder: Title Co
  • Exterior Inclusions: Deck, Patio
  • Interior Inclusions: W/D Hookup, Granite Counters, Garage Door Opener
  • Legal Lot Block: Lot 2 Traslomitas Townhomes a Resubdivision of Lot 121B, Lot 121 Subdivision 3 Springs Village 1 Filing 2A
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 566902103378
  • Price Per Sq Ft: 386.33
  • Real Estate Included: Yes
  • Realist Id: 5669-021-03-378
  • Residence Stories: Two Story
  • Residence Style: Contemporary, Modern
  • Sale/Rent: For Sale
  • Siding: Wood, Masonite
  • Sold Price Sq Ft: 386.33
  • Street Descriptionaccess: City/Town
  • Street Designation: Street
  • Tax Account Id: R437062
  • Zoning: Residential Single Family
  • Type: Townhouse
  • Hoa Dogs Allowed: Yes
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Service: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 2341.12
  • Year Built: 2018
  • Foreign Owned Y N: No
  • Prop Description Remarks: Built in 2018, this 2 bedroom, 2 bath townhome in Three Springs is modern, clean and exceptionally well-maintained. With tons of windows, this home shines with natural light and a soothing blend of farmhouse chic and contemporary finishes. The main level consists of an open floor plan concept along with two en suites, making for easy one-level living. A roomy flex space on the upper level offers an area for exercise equipment, an office, or playroom, and the fenced yard ensures you'll always have access to your own private outdoor space. There is also a covered front deck that enjoys great morning sun. In addition to on-street parking, this home offers an attached one-car garage plus an extra off-street parking space. Living on Mercado Street means you're steps away from a 3 acre city park, the Three Springs plaza where you can enjoy summer concerts, dining options including Taco Boy and Homeslice Pizza, and you're only a short walk to Mercy Hospital and all of the surrounding medical services, as well as mountain biking and hiking trails, plus the Three Springs paved trail system.
  • Subdv Name: Three Springs
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 19

Interior Features

  • Dining Room: Kitchen Bar, Living Room Dining
  • Bedrooms: 2
  • Flooring: Tile, Carpet-Partial, Laminate
  • Estimated Total Sq Ft: 1280
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 2
  • Foundation: Crawl Space
  • Main Level Sq Ft: 1052
  • Master Bedroom Level: Main Level
  • Total Office Den: 0
  • Upper Level Sq Ft: 228

Exterior Features

  • Fence: Privacy, Partial Property
  • Windows: Double Pane
  • Construction Type: Wood Frame
  • Exterior Structures: Garage
  • Roof: Architectural Shingles

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 1

Utilities

  • Utilities: Electric, Natural Gas
  • Cooling: Central A/C
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Atmos Energy
  • Heating System: Forced Air
  • Sewer Supplier: South Durango Sanitation District
  • Water Heater: Gas Water Heater
  • Water Supplier: City of Durango

Condo/Co-op/Association

  • HOA: Yes
  • Hoametro Fees: $105.00
  • HOA Metro Fees Frequency: Quarterly
  • Hoa Name: Three Springs

Schools

  • Elementary School: Florida Mesa 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: 2023

MLS Schools

  • Elementary School: Florida Mesa K-5
  • Middle School: Escalante 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Mar 26, 2024
Sold by
Gaughan Megan L
Bought by
Aspros Douglas George
Seller's Agent
Todd Sieger
Coldwell Banker Mountain Properties
Buyer's Agent
Karen Steiner
The Wells Group of Durango, LLC
List Price
$515,000
Sold Price
$494,500
Premium/Discount to List
-$20,500
-3.98%
Views
71
Current Estimated Value
$557,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,376
Avg. Annual Appreciation
8.51%

Purchase Details

Closed on
May 30, 2019
Sold by
Eastwood Jeanine and Clark Luke
Bought by
Gaughan Megan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.1%
Mortgage Type
New Conventional
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
Aspros Douglas George $494,500 Land Title Guarantee
Gaughan Megan L $325,000 Colorado Ttl & Closing Svcs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gaughan Megan L $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2024 03/26/24 Sold $494,500 -4.0% $386 / Sq Ft
02/23/2024 02/23/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $515,000 -- $402 / 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 $2,511 $28,140 $5,280 $22,860
2024 $2,341 $23,470 $3,900 $19,570
2023 $2,341 $26,400 $4,390 $22,010
2022 $2,161 $22,910 $3,750 $19,160
2021 $2,173 $23,570 $3,860 $19,710
2020 $1,981 $21,830 $3,720 $18,110
2019 $0 $21,830 $3,720 $18,110
2018 $0 $10,330 $10,330 $0
Source: Public Records

Agents Affiliated with this Home

  • Todd Sieger

    Seller's Agent in 2024

    Todd Sieger

    Coldwell Banker Mountain Properties

    (970) 749-5083

    16 in this area

    114 Total Sales

    Section Image

  • K

    Buyer's Agent in 2024

    Karen Steiner

    The Wells Group of Durango, LLC

    (970) 769-2488

    3 in this area

    9 Total Sales

    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 810660

Colorado Real Estate Network (CREN)

APN: R437062

Colorado La Plata County Durango 81301 Three Springs

225 Mercado St, Durango, CO

This home is located at 225 Mercado St, Durango, CO 81301 since 05 February 2024 and is currently estimated at $531,621, approximately $415 per square foot. This property was built in 2018. 225 Mercado St is a home located in La Plata County with nearby schools including Florida Mesa 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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