NOT LISTED FOR SALE

340 Hermosa Cir Durango, CO 81301

Estimated Value: $500,000 - $736,000

5.25 Acres
$108,696 Price per Acre
228,690 Sq Ft Lot

Sale Details

Date Sold: June 12, 2024

Last sale price $500,000

Est. 14% increase in value since last sale

Current estimated payment $3,435 / mo

6 Days on Market

Highlights

  • Horses Allowed On Property
  • Lake View
  • Level Lot
  • Durango High School Rated A-

About This Lot

As of June 2024

5+ acres of beautiful high country meadow only 2 miles from Purgatory Resort. Castle Rock, Spud Mountain, Needles Mountain Range, and Overlook Point are in the view corridor of this parcel. Electra lake could be seen from the 2nd level of a two story home at this location. National Forest borders the subdivision, with the Elbert Creek trailhead near the entrance of the development. Located at 8800' elevation amongst the deer, elk, and turkey. Paved roads provide excellent year round access. This neighborhood allows short term rentals. Underground electric is at the property. Well and septic will be required. Neighboring water wells appear to be pretty good ranging from 160' - 180' deep and producing 9 - 15 GPM.

Last Agent to Sell the Property

Justin Osborn

The Wells Group of Durango, LLC Listed on: 05/10/2024

Last Buyer's Agent

Kristin Daly

The Wells Group of Durango, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,142

Lot Details

  • 5.25 Acre Lot
  • Level Lot
  • Cleared Lot

HOA Fees

  • $42 Monthly HOA Fees

Property Views

  • Lake
  • Mountain
  • Valley

Schools

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

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Well
  • Septic System
  • Phone Available

Community Details

  • Association fees include road maintenance, snow removal
  • Hermosa Cliff HOA
  • Hermosa Cliff Subdivision

Listing and Financial Details

  • Security Deposit $15,000
  • Assessor Parcel Number 508935401041

Property Details

Property Type

Land

Est. Annual Taxes

$4,142

Lot Details

5.25 Acres

HOA Fees

$42 per month

Listing Details

  • Class: Land
  • Em Holder: Title Durango
  • Fronts: Highway
  • Legal Lot Block: Subdivision: HERMOSA CLIFFS RANCH Lot: C WHISKEMAN BOUNDARY ADJUSTMENT, PROJECT 95-67 725774 5-2-97 340 HERMOSA CLIFFS RD DURANGO 81301
  • Livestock Allowed: Horses
  • Lot Dimension: 5.25 acres
  • Lot Size Acreage: 5-10 Acres
  • Parcel Id Number: 508935401041
  • Property Description: Cleared
  • Street Descriptionaccess: Private, Paved, Private Winter Maintenanc
  • Street Designation: Road
  • Zoning: Residential Single Family
  • HOA Fee Frequency: Annually
  • Domestic Sewer: Septic
  • Domestic Water: Well-Other
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Total Acres: 5.25
  • Current Property Use: Residential Single Family
  • Em Deposit: 15,000
  • Possible Property Use: Residential Single Family, Aglivestock, Grazing(no Irrigation)
  • Mineral Rights: Unknown
  • Topography: Level, Rolling
  • Price per Sq Ft: 2.31
  • Sold Priceacre: 95238.1
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Total Taxes Dollar: 4142.24
  • Prop Description Remarks: 5+ acres of beautiful high country meadow only 2 miles from Purgatory Resort. Castle Rock, Spud Mountain, Needles Mountain Range, and Overlook Point are in the view corridor of this parcel. Electra lake could be seen from the 2nd level of a two story home at this location. National Forest borders the subdivision, with the Elbert Creek trailhead near the entrance of the development. Located at 8800' elevation amongst the deer, elk, and turkey. Paved roads provide excellent year round access. This neighborhood allows short term rentals. Underground electric is at the property. Well and septic will be required. Neighboring water wells appear to be pretty good ranging from 160' - 180' deep and producing 9 - 15 GPM.
  • Subdv Name: Hermosa Cliff
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Views: Mountains, Valley, Lake/Pond/Reservoir

Utilities

  • Utilities: Electricity, Phone, Phone - Cell Reception
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Propane
  • Water Supplier: Well

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Road Maintenance, Snow Removal
  • Hoametro Fees: 500
  • Hoa Name: Hermosa Cliff

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2024

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
May 10, 2024
Closed on
Jun 6, 2024
Sold by
Qualls Cody A and Qualls Sunshine O
Bought by
Hollandco Ventures Llc
Seller's Agent
Justin Osborn
The Wells Group of Durango, LLC
Buyer's Agent
Kristin Daly
The Wells Group of Durango, LLC
List Price
$529,000
Sold Price
$500,000
Premium/Discount to List
-$29,000
-5.48%
Views
2
Current Estimated Value
$570,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,656
Avg. Annual Appreciation
7.28%

Purchase Details

Closed on
Jul 31, 2017
Sold by
Southwest Computer Marketing Inc
Bought by
Qualls Cody A and Qualls Sunshine O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Hollandco Ventures Llc $500,000 Durango Title
Qualls Cody A $227,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Qualls Cody A $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2024 06/12/24 Sold $500,000 -5.5% --
05/16/2024 05/16/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $529,000 -- --
Source: Colorado Real Estate Network (CREN)

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 $4,655 $157,460 $157,460 --
2024 $3,985 $94,920 $94,920 --
2023 $3,985 $98,660 $98,660 $0
2022 $2,792 $98,660 $98,660 $0
2021 $2,728 $65,770 $65,770 $0
2020 $2,647 $65,770 $65,770 $0
2019 $2,537 $65,770 $65,770 $0
2018 $2,353 $61,070 $61,070 $0
2017 $1,728 $45,800 $45,800 $0
2016 $1,431 $41,120 $41,120 $0
2015 $1,360 $41,120 $41,120 $0
2014 $1,360 $40,010 $40,010 $0
2013 -- $40,010 $40,010 $0
Source: Public Records

Agents Affiliated with this Home

  • Justin Osborn

    Seller's Agent in 2024

    Justin Osborn

    The Wells Group of Durango, LLC

    (970) 946-3935

    333 Total Sales

    Justin Osborn
    Section Image
  • Kristin Daly

    Buyer's Agent in 2024

    Kristin Daly

    The Wells Group of Durango, LLC

    (970) 749-7798

    77 Total Sales

    Kristin Daly
    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 813451

Colorado Real Estate Network (CREN)

APN: R417021

Colorado La Plata County Durango 81301

340 Hermosa Cir, Durango, CO

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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