NOT LISTED FOR SALE

370 and X Mesa Dr Pagosa Springs, CO 81147

Estimated Value: $752,651 - $937,000

4 Beds
3.5 Baths
3,075 Sq Ft
$277/Sq Ft Est. Value

Last Sold November 01, 2020

Last sale price $617,000 $201 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,712/month

Highlights

  • Creek or Stream View
  • Deck
  • Wood Flooring
  • Pagosa Springs Middle School Rated 9+
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of November 2020

Two parcels in downtown Pagosa Springs with amazing views, high-end finishes, and fully landscaped! The total acreage offered is .4 acre (each parcel is .2 acre). The 3075 sq ft house sits on one of the parcels, and the other is professionally landscaped and fenced (to the tune of $30,000) with sod grass, a sprinkler system, and a fire pit with a barbeque. The sales price includes both the parcels. A buyer could do a number of things with this property. You could leave them as separate parcels and build another structure, or you could combine the parcels and build an ADU (accessory dwelling unit). Another attractive feature of this property is that the Seller has been running a successful short term rental business out of the lower level. There is a large, 560 sqft, room in the bottom level complete with it's own full bathroom. The proximity to downtown and the hot springs makes this a desirable rental location. The Seller brought in $24,468.25 in 2019 off of that one room alone; rented a total of 267 nights! An investor could expect a similar occupancy for the upstairs 3 + 2.5 and probably would average at least $150/night for another $40,050 gross! (These are estimates only). The house also features an oversized two-car HEATED garage! Plenty of room for two cars and a work space, plus the added bonus of having a warm car to step into on those winter mornings. High-end finishes throughout including granite countertops, tiled showers, a double shower in the master bathroom, wood floors, smart lighting, smart thermostats, and a large loft area that makes the home feel very open and spacious - also a great area for a second living room. Enjoy the incredible mountain and valley views from the 336 sq ft covered deck off of the main living room, perfect for entertaining or relaxing at the end of the day! The main level of the house features the living room, kitchen with an island bar, a powder room for guests, and the master bedroom/bathroom, and a stub out for a gas fireplace. A large walk-in closet greets you in the master bathroom. The upstairs contains two additional bedrooms, a full bathroom, and a large loft area. This house is a must see and offers many options to a buyer having two separate lots, the proximity to downtown, and the great rental history. Schedule a showing today!

Last Agent to Sell the Property

Riley Searle

eXp Realty, LLC Listed on: 08/08/2020

eXp Realty, LLC

Last Buyer's Agent

Michael Knapp

Best of Pagosa Springs

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,187

Year Built

  • Built in 2014

Lot Details

  • 0.4 Acre Lot
  • Cul-De-Sac
  • Back Yard Fenced
  • Landscaped
  • Sprinkler System

Property Views

  • Creek or Stream
  • Mountain
  • Valley

Home Design

  • Studio
  • Slab Foundation
  • Metal Roof
  • Cedar Siding
  • Metal Siding
  • Stick Built Home

Interior Spaces

  • 3,075 Sq Ft Home
  • 3-Story Property
  • Partially Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Pagosa Springs K-4 Elementary School
  • Pagosa Springs 5-8 Middle School
  • Pagosa Springs 9-12 High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High-Efficiency Water Heater
  • Gas Water Heater
  • Internet Available

Additional Features

  • Energy-Efficient Thermostat
  • Accessory Dwelling Unit (ADU)

Listing and Financial Details

  • Assessor Parcel Number 569913112007

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,187

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Additional Living Quarters: Yes
  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal
  • Estimated Total Acres: 0.4
  • Class: RESIDENTIAL
  • Em Deposit: 10000
  • Em Holder: Title Company
  • Exterior Inclusions: Landscaping, Deck, Lawn Sprinklers, Covered Porch
  • Interior Inclusions: Part Furnished, Cathedral Ceiling, Ceiling Fan(s), Granite Counters, Guest Quarters, Garage Door Opener, Heated Garage
  • Legal Lot Block: Subdivision: MESA HEIGHTS TPS Block: 1 Lot: 26 PS MH Sec: 13 Twn: 35 Rng: 2W and Subdivision: MESA HEIGHTS TPS Block: 1 Lot: 25 PS MH Sec: 13 Twn: 35 Rng: 2W
  • List Price per Sq Ft: 219.51
  • Lot Size Acreage: .25-.5
  • Parcel Id Number: 569913112007
  • Price Per Sq Ft: 200.65
  • Property Attached: Yes
  • Property Description: Cul-de-sac
  • Real Estate Included: Yes
  • Realist Id: 569913112007
  • Residence Stories: Three Story
  • Sale/Rent: For Sale
  • Siding: Cedar, Metal
  • Sold Price Sq Ft: 200.65
  • Street Descriptionaccess: City/Town, Paved
  • Street Designation: Drive
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Additional Living Type: Studio
  • Internet Provider: Century Link
  • Internet Service: Yes
  • Total Taxes Dollar: 2,187.12
  • Year Built: 2014
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 20

Interior Features

  • Bedrooms: 4
  • Flooring: Carpet-Partial, Hardwood
  • Estimated Total Sq Ft: 3075
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 4
  • Foundation: Slab, Basement-finished
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Fence: Fenced - Back
  • Construction Type: Wood Frame, Wood
  • Roof: Metal
  • Views: Mountains, Valley, Stream/River

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Natural Gas, Internet, Phone - Cell Reception
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Forced Air
  • Sewer Supplier: Town of Pagosa
  • Water Heater: Gas Water Heater
  • Water Supplier: Pagosa Area Water and Sanitation

Schools

  • Elementary School: Pagosa Springs K-4
  • Middle School: Pagosa Springs 5-8
  • High School: Pagosa Springs 9-12
  • High School: Pagosa Springs 9-12

Green Features

  • Green Efficient: Thermostat/Controllers, Water Heater

Rental Info

  • Furnished: Partially Furnished

Tax Info

  • Tax Year: 2019

MLS Schools

  • Elementary School: Pagosa Springs K-4
  • Middle School: Pagosa Springs 5-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2019
Sold by
Searle Ryan Ace
Bought by
Ryan And Jessica Searle Family Trust
Current Estimated Value
$852,913

Purchase Details

Closed on
Jan 21, 2016
Sold by
Pagosa Mesa Heights Llc
Bought by
Searle Ryan Ace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Outstanding Balance
$249,233
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$603,680

Purchase Details

Closed on
Dec 11, 2015
Sold by
Pagosa Mesa Heights Llc
Bought by
Searle Ryan Ace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Outstanding Balance
$249,233
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$603,680
Source: Public Records

Range of Values:

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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
Ryan And Jessica Searle Family Trust -- None Available
Searle Ryan Ace $5,500 None Available
Searle Ryan Ace $395,000 Chicago Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Searle Ryan Ace $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2020 11/01/20 Sold $617,000 -8.6% $201 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
08/08/2020 08/08/20 For Sale $675,000 -- $220 / 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
2024 $2,858 $47,270 $6,810 $40,460
2023 $2,858 $47,270 $6,810 $40,460
2022 $2,167 $33,920 $4,950 $28,970
2021 $2,269 $34,910 $5,100 $29,810
2020 $2,215 $33,890 $5,100 $28,790
2019 $2,187 $33,890 $5,100 $28,790
2018 $2,192 $31,240 $3,980 $27,260
2017 $1,900 $31,240 $3,980 $27,260
2016 $1,596 $25,980 $3,360 $22,620
2015 -- $25,980 $3,360 $22,620
2014 -- $4,250 $4,250 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 773189

Colorado Real Estate Network (CREN)

APN: 569913112007