NOT LISTED FOR SALE

33177 Highway 550 Durango, CO 81301

Estimated Value: $869,000 - $1,235,000

2 Beds
2 Baths
2,242 Sq Ft
$474/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $728,100 $325 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,775/month

Highlights

  • 3 Car Detached Garage
  • 3 Irrigated Acres
  • Cabin
  • Durango High School Rated A-

About This Home

As of October 2020

If Durango, Colorado is one of your favorite places, then the stunning red cliffs of the Animas River Valley are surely forefront in your memories of this famous mountain town among its many awe-inspiring and breathtaking views. The Animas River and its glacial valley are notable for both the serene dramatic setting of meandering glassy waters framed by lush foliage and mountainous red cliffs, and in their capacity to transition your senses from the high-desert of the southwest to the cool high-Alpine and rugged peaks of the San Juan Mountains. For many, this river valley has come to symbolize the totality of feeling and spirit that make up “life in the mountains.”  Tucked in among the mature landscaping and backing to the Hermosa irrigation ditch and historic Durango and Silverton train route, this main home and guest cabin take it all in!   The current owners have lovingly cared for the existing home over the years, its outbuildings, guest home, gardens and landscaping leaving it ready to complete your vision of the ultimate valley estate. The main home features a living room with a corner free-standing antique fireplace, an office with built-in bookcases and pine hardwood flooring leading into a second living space (which could be a second bedroom), with stairs up to the loft bedroom area.  The loft bedroom space offers sliding glass patio doors out to a spacious deck with stunning valley views.   The separate 1-bedroom guest cabin has a kitchenette and 3/4 bath, perfect for inviting friends to visit or potentially a vacation rental cabin.  There is a two car garage below the guest cabin for ample storage in addition to the 1+ car detached garage.   Be sure to walk behind the home up to the beautiful irrigation ditch to take in the sights and sounds of the flowing water.  The property comes with 6 irrigation shares of the Animas Consolidated Ditch which irrigate the lush lawn and your own golf course!  The adjacent property to the south is a 1.77 acre parcel with 2 additional shares of this irrigation water is listed separately, and can also be purchased together with this one.  Located a mere nine miles from downtown Durango, and just 16 miles from Purgatory Ski Resort, this residence is at the epicenter of Durango adventure. Mountain biking, hiking, skiing, backpacking, camping and countless other activities are in the immediate vicinity of your back door. Call for additional details.

Last Agent to Sell the Property

Christina Rinderle

Durango Land and Homes Listed on: 08/07/2020

Last Buyer's Agent

Kyle Roberts

The Wells Group of Durango, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,728

Year Built

  • Built in 1942

Lot Details

  • 4.7

Parking

  • 3 Car Detached Garage

Home Design

  • Cabin
  • Stick Built Home

Interior Spaces

  • 2,242 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

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

Utilities

  • Heating System Uses Natural Gas
  • Irrigation Water Rights
  • Septic Tank
  • Internet Available

Additional Features

  • 4.7 Acre Lot
  • 3 Irrigated Acres

Listing and Financial Details

  • Assessor Parcel Number 559702200048

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,728

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Additional Comments: Sale price included adjacent parcel 559702200009
  • Estimated Irrigation Acres: 3
  • Estimated Total Acres: 4.7
  • Class: RESIDENTIAL
  • Em Deposit: $15,000.00
  • Em Holder: Land Title Guarantee
  • Legal Lot Block: SECTION: 35 TOWNSHIP: 37 RANGE: 9 TR IN SW/4SE/4 AKA TR 2 #772475 ALTA REV LAND SUR 8/99, WITH L& E SECTION: 2 TOWNSHIP: 36 RANGE: 9 TR IN NE/4NW/4 33177 N US HWY 550 DURANGO 81301
  • List Price per Sq Ft: 281
  • Lot Size Acreage: 2-4.99
  • Parcel Id Number: 559702200048
  • Price Per Sq Ft: 324.75
  • Real Estate Included: Yes
  • Realist Id: 5597-022-00-048
  • Residence Stories: Two Story
  • Residence Style: Cabin
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 324.75
  • Tax Account Id: R417341
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Internet Provider: Charter Spectrum
  • Internet Service: Yes
  • Total Taxes Dollar: 1,728.20
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Bedrooms: 2
  • Estimated Total Sq Ft: 2242
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 2
  • Total Office Den: 0

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 3

Utilities

  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Atmos Energy
  • Sewer Supplier: Septic
  • Water Rights Irrigation: Yes
  • Water Supplier: Animas Water Company

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: Unfurnished

Tax Info

  • Tax Year: 2019

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2022
Sold by
Balestri Michael A
Bought by
Balestri Michael A and Balestri Nikoletta Clair
Current Estimated Value
$1,062,450

Purchase Details

Listed on
Aug 7, 2020
Closed on
Oct 30, 2020
Sold by
Mang Jr Fred E
Bought by
Balestri Michael A
Seller's Agent
Christina Rinderle
Durango Land and Homes
Buyer's Agent
Kyle Roberts
The Wells Group of Durango, LLC
List Price
$630,000
Sold Price
$728,100
Premium/Discount to List
$98,100
15.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.87%
Original Mortgage
$510,400
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 1999
Bought by
Mang Fred E and Mang Mildred F
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
Balestri Michael A -- None Listed On Document
Balestri Michael A $728,100 Land Title
Balestri Michael A -- None Listed On Document
Mang Fred E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Balestri Michael A $510,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $728,100 +15.6% $325 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $630,000 -- $281 / 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 $2,434 $56,390 $32,950 $23,440
2024 $2,434 $56,390 $32,950 $23,440
2023 $2,054 $51,930 $30,990 $20,940
2022 $1,855 $52,920 $32,140 $20,780
2021 $1,866 $43,520 $29,100 $14,420
2020 $1,503 $43,240 $28,570 $14,670
2019 $0 $48,230 $28,570 $19,660
2018 $1,327 $40,780 $22,640 $18,140
2017 $1,300 $40,780 $22,640 $18,140
2016 $1,237 $42,530 $24,000 $18,530
2015 $1,016 $42,530 $24,000 $18,530
2014 $1,016 $37,000 $21,210 $15,790
2013 -- $37,000 $21,210 $15,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 773123

Colorado Real Estate Network (CREN)

APN: R417341