NOT LISTED FOR SALE

Estimated Value: $810,000 - $902,000

3 Beds
2 Baths
1,725 Sq Ft
$497/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $789,000 $457 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,319/month

About This Home

As of February 2024

50k IN PRICE REDUCTIONS! River front, elevator accessed, single level and located in one of the most desirable and upcoming professional complexes in the heart of the downtown Durango corridor, this remodeled 3 bedroom/2 bath condo offers the very best of no-maintenance, in town living perched over the west bank of the Animas River. There are no other complexes like it in downtown with this kind of river and downtown access. This 1725 unit was almost completely gutted in 2022, with the floor plan rearranged and beautifully updated throughout. The hard work is done! The contemporary kitchen opens generously to the dining/bar area, both overlooking the large living room and gas fireplace. Offering outstanding entertainment flow and bathed in natural light, this very open common area allows for a variety of furniture options and takes full advantage of the views and sounds of the Animas River via a wall of east facing windows. Plans to construct a river side sunroom or potentially a deck are in the works and Seller will share plans. The Primary Suite boasts a spacious walk in closet, large en suite bathroom and another wall of windows that bring in the sounds and views of the Animas River. The 2nd bedroom is situated on the other side of the unit for ample privacy and has a large side by side closet. The 3rd bedroom was thoughtfully created for an office space. This room has a large closet which houses the washer/dryer and other mechanicals, and has room to add additional shelving and hanging. These two rooms share a full bathroom, cleverly redesigned to have a lock off 1/2 bath for day to day guests to use. A large patio out front can accommodate a sitting area and propane grill, and enjoys pleasant westerly views and great sunsets. There is a brand new lounging deck for owner common use built by the river, make sure you dont miss seeing that! Home Owners Association is very well run, and there are just 16 units in this complex. Many units here are being renovated and it is an exciting time at this upcoming location. There is one assigned parking space by Elevator and plenty of overflow. There is also a garage dedicated to residents for secured parking of bikes, skis, etc. This complex enjoys unique out-the-door proximity to the river trail and pedestrian foot bridge, maximizing the pleasures of simple, downtown living.... without having to contend with the usual downtown hustle and bustle when you don't want it. The most discerning of buyers will appreciate the best of Downtown Durango to be enjoyed from this unique turnkey and updated unit on the river. Riverfront and remodeled in Durango, Colorado at this price can only have a huge upside on the long term investment

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Feb 2, 2024
Sold by
Bradley And Hollis Simmons Trust
Bought by
Scanlon Russell J and Mcgehee Marina G
Seller's Agent
Judi Mora
RE/MAX Pinnacle
Buyer's Agent
Katie Sturm
Legacy Properties West Sotheby's Int. Realty
List Price
$849,000
Sold Price
$789,000
Premium/Discount to List
-$60,000
-7.07%
Views
288
Current Estimated Value
$856,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,909
Avg. Annual Appreciation
6.89%

Purchase Details

Listed on
Jun 26, 2021
Closed on
Sep 27, 2021
Sold by
Cathcart Alan and Clark Betsy
Bought by
The Bradley And Hollis Simmons Trust
Seller's Agent
Sheryl Schlabach
Legacy Properties West Sotheby's Int. Realty
Buyer's Agent
Judi Mora
RE/MAX Pinnacle
List Price
$595,000
Sold Price
$540,000
Premium/Discount to List
-$55,000
-9.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.51%

Purchase Details

Closed on
Jul 15, 2015
Sold by
Nancy W Mills Revocable Trust
Bought by
Cathcart Alan and Clark Betsy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2014
Sold by
Peterson Elisabeth
Bought by
Nancy W Mills Revocable Trust

Purchase Details

Closed on
Sep 29, 1995
Bought by
Cathcart Alan and Clark Betsy

Range of Values:

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Average Value
Not Available
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
Scanlon Russell J $789,000 None Listed On Document
The Bradley And Hollis Simmons Trust $540,000 Colorado Ttl & Closing Svcs
Cathcart Alan $475,000 Colorado Title & Closing Ser
Nancy W Mills Revocable Trust $439,000 Colorado Land Title Co Llc
Cathcart Alan $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cathcart Alan $326,000
Previous Owner Cathcart Alan $326,000
Previous Owner Cathcart Alan $356,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2024 02/02/24 Sold $789,000 0.0% $457 / Sq Ft
09/24/2023 09/24/23 Pending -- -- --
09/24/2023 09/24/23 Off Market $789,000 -- --
09/13/2023 09/13/23 Price Changed $799,000 -3.6% $463 / Sq Ft
08/21/2023 08/21/23 Price Changed $829,000 -2.4% $481 / Sq Ft
07/05/2023 07/05/23 For Sale $849,000 0.0% $492 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
06/02/2023 06/02/23 For Sale $849,000 +57.2% $492 / Sq Ft
09/27/2021 09/27/21 Sold $540,000 -1.6% $313 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
08/30/2021 08/30/21 Price Changed $549,000 -4.5% $318 / Sq Ft
07/27/2021 07/27/21 Price Changed $575,000 -3.4% $333 / Sq Ft
06/26/2021 06/26/21 For Sale $595,000 -- $345 / Sq Ft

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 $1,614 $40,150 -- $40,150
2023 $1,614 $43,250 $0 $43,250
2022 $1,558 $45,470 $0 $45,470
2021 $1,565 $39,420 $0 $39,420
2020 $1,333 $34,680 $0 $34,680
2019 $1,275 $34,680 $0 $34,680
2018 $1,278 $35,180 $0 $35,180
2017 $1,249 $35,180 $0 $35,180
2016 $1,156 $35,460 $0 $35,460
2015 $1,223 $41,720 $0 $41,720
2014 $1,223 $38,470 $0 $38,470
2013 -- $38,470 $0 $38,470
Source: Public Records

Agents Affiliated with this Home

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