Seller's Agent in 2018
Justin Osborn
The Wells Group of Durango, LLC
(970) 946-3935
345 Total Sales
2941 County Road 321 Ignacio, CO 81137
Estimated Value: $604,000 - $1,246,000
9
Beds
7.5
Baths
8,951
Sq Ft
$94/Sq Ft
Est. Value
Highlights
- Accessory Dwelling Unit (ADU)
- Greenhouse
- Home fronts a pond
- Horses Allowed On Property
- Indoor Spa
- RV or Boat Parking
About This Home
As of June 2018137 acres with senior water rights and 3 homes. Located in Southwest Colorado's Banana Belt region of La Plata County at 6400' elevation, the Pat-Way Ranch consists of 137 acres, of which 108 are irrigated. The three homes on the ranch total 8951 sq ft. The main home is 5501 sq ft, the guest house is 1567 sq ft and rented at $1,100 per month, and the rental property is 1983 sq ft and rented at $1,480 per month. Both rentals are on a month to month basis and could be vacated at closing if a buyer needed them available. In addition to the homes, additional improvements include a 3,888 sq ft Morton barn with a commercial water well, a 40' x 26' workshop, pole barn, loafing sheds, and an RV hook-up. Ample water rights through Pine River Irrigation District consist of 108 shares of Pine River Canal. 8" gravity-fed gated pipe is the primary delivery method of the water. With 8 ponds on the ranch, 3 of which are spring fed, water storage is abundant. The fields are planted in timothy, clover, and brome. This region of La Plata County is known for producing exceptional horse hay that is sought after as far away as Florida. The gently rolling terrain is all south facing, allowing for excellent winter sunshine and an early growing season. Currently set up as a cattle and horse ranch, the fencing and cross-fencing is superb. With a fabulous corral system, the pens and chutes allow for an easy operation when moving livestock. Unlike other ranches in the region, this ranch is unencumbered as there is not a Conservation Easement on it. Endless recreational opportunities are just a short drive away including Fox Fire Farms Winery with live music and wine tasting, Two Rivers Marina at Navajo Lake on the confluence of the Piedra & San Juan Rivers, gold medal fly fishing on the San Juan River, hiking at either Chimney Rock National Monument or Mesa Verde National Park, skiing at Purgatory Resort of Wolf Creek Ski Area, and shopping in Durango or Pagosa Springs. This area is known for it's exceptional deer and elk hunting with a local outfitter just down the road that has exceptional success rates.
Co-Listed By
Justin Grimwood
The Wells Group of Durango, Inc.
Home Details
Home Type
- Single Family
Year Built
- Built in 1982
Lot Details
- 137.74 Acre Lot
- Home fronts a pond
- Cross Fenced
- Property is Fully Fenced
- Barbed Wire
- Level Lot
- May Be Possible The Lot Can Be Split Into 2+ Parcels
- Property is zoned Agriculture, Commercial
Property Views
- Lake
- Mountain
Home Design
- 3-Story Property
- Farmhouse Style Home
- Cabin
- Ranch Property
- Mixed Use
- Concrete Foundation
- Slab Foundation
- Metal Roof
Interior Spaces
- 8,951 Sq Ft Home
- Tongue and Groove Ceiling
- Vaulted Ceiling
- Ceiling Fan
- Wood Burning Stove
- Free Standing Fireplace
- Window Treatments
- Combination Kitchen and Dining Room
- Indoor Spa
- Finished Basement
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Parking
- 4 Car Detached Garage
- RV or Boat Parking
Outdoor Features
- Deck
- Patio
- Greenhouse
- Separate Outdoor Workshop
- Shed
Schools
- Ignacio K-6 Elementary School
- Ignacio 7-8 Middle School
- Ignacio 9-12 High School
Farming
- Hay Barn
- Bunk House
- Loafing Shed
- 108 Irrigated Acres
- Pasture
- Cattle
- Livestock
Horse Facilities and Amenities
- Horses Allowed On Property
- Corral
Utilities
- Forced Air Heating System
- Heating System Uses Propane
- Heating System Uses Wood
- Heating System Powered By Leased Propane
- Heating System Powered By Owned Propane
- Baseboard Heating
- Irrigation Water Rights
- Cistern
- Shared Well
- Well
- Propane Water Heater
- Septic System
- Internet Available
- Phone Available
- Cable TV Available
Additional Features
- Sprinkler System
- Accessory Dwelling Unit (ADU)
Community Details
- Foothills
Listing and Financial Details
- Security Deposit $20,000
- Assessor Parcel Number 616501200148
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/13/2018 06/13/18 | Sold | $945,000 | -3.1% | $106 / Sq Ft |
| 04/20/2018 04/20/18 | Pending | -- | -- | -- |
| 10/30/2017 10/30/17 | Price Changed | $975,000 | -2.0% | $109 / Sq Ft |
| 10/02/2017 10/02/17 | Price Changed | $995,000 | -9.5% | $111 / Sq Ft |
| 08/17/2017 08/17/17 | Price Changed | $1,100,000 | -8.3% | $123 / Sq Ft |
| 06/04/2017 06/04/17 | For Sale | $1,200,000 | -- | $134 / 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 | $1,970 | $56,010 | $18,170 | $37,840 |
| 2024 | $1,878 | $44,200 | $13,230 | $30,970 |
| 2023 | $1,878 | $47,010 | $13,580 | $33,430 |
| 2022 | $2,696 | $58,400 | $17,110 | $41,290 |
| 2021 | $2,501 | $56,040 | $17,280 | $38,760 |
| 2020 | $2,472 | $55,390 | $17,220 | $38,170 |
| 2019 | $2,056 | $55,390 | $17,220 | $38,170 |
| 2018 | $1,926 | $52,220 | $17,390 | $34,830 |
| 2015 | -- | $16,530 | $300 | $16,230 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Osborn
-
J
Seller Co-Listing Agent in 2018
Justin Grimwood
The Wells Group of Durango, Inc.
-
Melissa Mayer
Buyer's Agent in 2018
Melissa Mayer
Legacy Properties West Sotheby's Int. Realty
(970) 759-1892
167 Total Sales
Map
Source: Colorado Real Estate Network (CREN)
MLS Number: 733296
APN: R435415
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