NOT LISTED FOR SALE

3478 Main Ave Durango, CO 81301

Estimated Value: $632,604

0.35 Acre
$1,807,440 Price per Acre
15,246 Sq Ft Lot

Last Sold September 17, 2021

Last sale price $232,800

Est. 172% increase in value since last sale

Current estimated payment $3,680/month

107 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • 3-minute walk to Pioneer Park
  • Durango High School Rated A-

About This Lot

As of September 2021

With approximately 175' of Main Avenue/Highway 550 frontage, this is one of the last pieces of vacant commercial land within the Durango city limits. With high visibility and easy access, there are multiple development possibilities for this parcel. City planning has indicated that in addition to being in favor of a mixed-use development, they would likely support an all residential use with up to four residential condos on the property. This is a level lot with water and sewer taps, including a 6" sewer line, and 200 amp electrical service already in place which makes for easy development. Sidewalks and perimeter landscaping are already in place which significantly contributes to the value of this property. Whether you're looking for a prime location for your new restaurant, retail storefront, office space, or residential condos, this location is ideal.

Last Agent to Sell the Property

Todd Sieger

Coldwell Banker Mountain Properties Listed on: 04/12/2021

Coldwell Banker Mountain Properties

Co-Listed By

Lindsay Lubrant

Coldwell Banker Mountain Properties

Last Buyer's Agent

Durango NON MEMBER

NON-MEMBER/FSBO Durango

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,036

Lot Details

  • 0.35 Acre Lot
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Property is zoned Residential Multi Family

HOA Fees

  • $138 Monthly HOA Fees

Property Views

  • Mountain Views

Schools

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

Utilities

  • Septic System
  • Sewer Tap Fee
  • Internet Available
  • Phone Available

Community Details

  • Association fees include landscaping, snow removal
  • La Campanella HOA

Listing and Financial Details

  • Security Deposit $15,000
  • Assessor Parcel Number 566517125200

Property Details

Property Type

Land

Est. Annual Taxes

$3,036

Lot Details

0

HOA Fees

$138 per month

Listing Details

  • Class: Land
  • Em Holder: Title Company
  • Fronts: Main Avenue
  • Legal Lot Block: The Villas at La Campanella, Phase II, Reserved Development (North), Villas at La Campanella
  • Lot Size Acreage: .25-.5 Acres
  • Parcel Id Number: 566517125200
  • Property Description: Cleared, Corner
  • Street Descriptionaccess: City/Town, 150'+ Frontage
  • Street Designation: Avenue
  • Tax Account Id: R430035
  • Zoning: Residential Multi Family
  • HOA Fee Frequency: Monthly
  • Domestic Sewer: Sewer Tap Paid, Sewer Tap Installed
  • Domestic Water: Tap Installed, Tap Paid
  • Type: Commercial
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Total Acres: 0.35
  • Current Property Use: Residential Single Family, Commercial
  • Em Deposit: 15,000.00
  • Possible Property Use: Commercial, Residential Single Family
  • Mineral Rights: Unknown
  • Topography: Level
  • Price per Sq Ft: 16.4
  • Sewer Paid: Yes
  • Sewerseptic In: Yes
  • Sewer Tap Avail: Yes
  • Sold Priceacre: 665142.86
  • Water Tap Available: Yes
  • Water Tap Installed: Yes
  • HOA Fees: Yes
  • Total Taxes Dollar: 3,036.48
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Views: Mountains

Utilities

  • Utilities: Electricity, Natural Gas, Internet, Phone
  • Water Tap Paid: Yes
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Atmos Energy
  • Water Supplier: City Of Durango

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Landscaping, Snow Removal
  • Hoametro Fees: 138.00
  • Hoa Name: La Campanella

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2020

MLS Schools

  • Elementary School: Needham K-5
  • Middle School: Miller 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2021
Closed on
Sep 17, 2021
Sold by
Katdaddy Kash Llc
Bought by
Chico Marketing Llc
Seller's Agent
Todd Sieger
Coldwell Banker Mountain Properties
Buyer's Agent
Durango NON MEMBER
NON-MEMBER/FSBO Durango
List Price
$275,000
Sold Price
$232,800
Premium/Discount to List
-$42,200
-15.35%
Current Estimated Value
$632,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,804
Avg. Annual Appreciation
25.82%

Purchase Details

Closed on
Jan 3, 2013
Sold by
Hunnahs Llc
Bought by
Katdaddy Kash Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 10, 2006
Sold by
Sellers Nancy
Bought by
Hunnah Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Chico Marketing Llc $232,800 Land Title Guarantee Co
Katdaddy Kash Llc $134,000 Land Title Guarantee Company
Hunnah Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Katdaddy Kash Llc $61,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2021 09/17/21 Sold $232,800 -6.9% --
07/28/2021 07/28/21 Pending -- -- --
05/28/2021 05/28/21 Price Changed $250,000 -9.1% --
04/12/2021 04/12/21 For Sale $275,000 -- --
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 $3,205 $75,380 $75,380 --
2024 $2,727 $67,840 $67,840 --
2023 $2,727 $67,840 $67,840 $0
2022 $2,989 $70,520 $70,520 $0
2021 $3,134 $78,960 $73,520 $5,440
2020 $3,036 $78,980 $73,520 $5,460
2019 $2,904 $78,980 $73,520 $5,460
2018 $2,728 $75,100 $69,820 $5,280
2017 $2,667 $75,100 $69,820 $5,280
2016 $2,385 $73,170 $67,970 $5,200
Source: Public Records

Agents Affiliated with this Home

  • Todd Sieger

    Seller's Agent in 2021

    Todd Sieger

    Coldwell Banker Mountain Properties

    (970) 749-5083

    99 Total Sales

    Todd Sieger
    Section Image
  • Lindsay Lubrant

    Seller Co-Listing Agent in 2021

    Lindsay Lubrant

    Coldwell Banker Mountain Properties

    (970) 618-3418

    96 Total Sales

    Lindsay Lubrant
    Section Image

  • D

    Buyer's Agent in 2021

    Durango NON MEMBER

    NON-MEMBER/FSBO Durango

See All Agents

Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 780621

Colorado Real Estate Network (CREN)

APN: R430035

Colorado La Plata County Durango 81301

3478 Main Ave, Durango, CO

Not Listed for Sale

Lots

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