NOT LISTED FOR SALE

403 Airport Rd Durango, CO 81303

Estimated Value: $817,000 - $1,982,226

183 Acres
$8,116 Price per Acre
7,971,480 Sq Ft Lot

Last Sold July 31, 2023

Last sale price $1,950,858

Est. 30% decrease in value since last sale

Current estimated payment $7,553/month

101 Days on Market

Highlights

  • Horses Allowed On Property
  • 183 Acre Lot
  • Pasture
  • River Front
  • Creek or Stream View
  • 25 Irrigated Acres

About This Lot

As of July 2023

Income producing 183 +/- acres with senior water rights and over 1/2 mile of Florida River frontage. No HOA, No Covenants, No Conservation Easement. Industrial zoning in the Florida Mesa District Land Use Plan. Located on Airport Road with excellent paved year round access and a county approved turn lane already installed. Gravel pit lease brings in $75,000 a year and the income from the tenant in the home is $15,000 a year (way under-rented in today's rental market). Land Bankers, where else can you find land in SW Colorado generating $90,000 a year? This is a prime development property adjacent to one of the fastest growing airports in the West. Historic water rights include irrigation rights, surface rights, groundwater rights, storage rights, and a plan for augmentation.

Last Agent to Sell the Property

Justin Osborn

The Wells Group of Durango, LLC Listed on: 11/14/2021

Last Buyer's Agent

Justin Osborn

The Wells Group of Durango, LLC Listed on: 11/14/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,841

Lot Details

  • 183 Acre Lot
  • River Front
  • Level Lot
  • Property is zoned Agriculture, Commercial, Industrial, Residential Multi Family

Property Views

  • Creek or Stream
  • Mountain
  • Valley

Schools

  • Florida Mesa K-5 Elementary School
  • Escalante 6-8 Middle School
  • Durango 9-12 High School

Farming

  • 25 Irrigated Acres
  • Pasture
  • Cattle
  • Hogs
  • Sheep or Goats

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Propane
  • Irrigation Water Rights
  • Well
  • Septic System

Listing and Financial Details

  • Security Deposit $50,000
  • Assessor Parcel Number 590330100756

Property Details

Property Type

Land

Est. Annual Taxes

$10,841

Lot Details

0

Listing Details

  • Class: Land
  • Em Holder: Title Durango
  • Legal Lot Block: Parcel #'s 590330200880, 590330100881, 590330100727, 590330100756
  • Livestock Allowed: Cattle, Horses, Poultry, Sheep, Swine
  • Lot Dimension: See map
  • Lot Size Acreage: 101-200 Acres
  • Parcel Id Number: 590330100756
  • Street Descriptionaccess: County, Paved
  • Street Designation: Road
  • Waterfront Type: River/Stream
  • Zoning: Agriculture, Commercial, Industrial, Residential Multi Family
  • Domestic Water: Well-Other
  • Type: Commercial
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Irrigation Acres: 25
  • Estimated Total Acres: 183
  • Current Property Use: Commercial, Pasture(irrigated), Industrial
  • Em Deposit: 50,000
  • Possible Property Use: Commercial, Industrial, Residential Single Family, Mountain Recreation, Ag/Row Crops, Aglivestock, Cattle, Dairy, Dry Land, Feed Lot, Hay Pasture/Prod., Hogs, Horses, Hunting, Irrigated Farmland, Pasture (irrigated), Poultry, Recreation, Sheep Ranch, Tree Farm, Vineyard, Fishing Rights
  • Water Rights Irrigation: Yes
  • Income Producing: Yes
  • Irr Water Descamnt: Multiple
  • Price Acre: 12295.08
  • Topography: Level, Sloped, Rolling
  • Modularmobile Allow: Both
  • Price per Sq Ft: 0.28
  • Sewerseptic In: Yes
  • Sold Priceacre: 10660.43
  • Total Taxes Dollar: 10841.30
  • Prop Description Remarks: Income producing 183 +/- acres with senior water rights and over 1/2 mile of Florida River frontage. No HOA, No Covenants, No Conservation Easement. Industrial zoning in the Florida Mesa District Land Use Plan. Located on Airport Road with excellent paved year round access and a county approved turn lane already installed. Gravel pit lease brings in $75,000 a year and the income from the tenant in the home is $15,000 a year (way under-rented in today's rental market). Land Bankers, where else can you find land in SW Colorado generating $90,000 a year? This is a prime development property adjacent to one of the fastest growing airports in the West. Historic water rights include irrigation rights, surface rights, groundwater rights, storage rights, and a plan for augmentation.
  • Subdv Name: Not Applicable
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Views: Mountains, Valley, Stream/River
  • Waterfront: Yes

Utilities

  • Utilities: Electricity Near, Propane Required, Phone - Cell Reception
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Propane
  • Irrigation Water District: Multiple
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 276202

Schools

  • Elementary School: Florida Mesa K-5
  • Middle School: Escalante 6-8
  • High School: Durango 9-12
  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2021

MLS Schools

  • Elementary School: Florida Mesa K-5
  • Middle School: Escalante 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2006
Sold by
Gravel Llc
Bought by
Durango Commercial Development
Current Estimated Value
$1,363,836

Purchase Details

Closed on
Jun 15, 2006
Sold by
Gravel Llc
Bought by
Gravel Llc

Purchase Details

Closed on
Jun 13, 2006
Sold by
Gundersen Caryl Melvin and Gundersen Denise L
Bought by
Gravel Llc
Source: Public Records

Range of Values:

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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
Durango Commercial Development -- None Available
Gravel Llc -- Colorado Land Title Co
Gravel Llc $750,000 Colorado Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durango Airport Holdings Llc $1,200,000
Closed Durango Commercial Development Llc $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $1,950,858 -13.3% --
02/23/2022 02/23/22 Pending -- -- --
11/14/2021 11/14/21 For Sale $2,250,000 -- --
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 $1,467 $52,400 $32,110 $20,290
2024 $1,389 $37,830 $19,000 $18,830
2023 $1,389 $40,910 $20,550 $20,360
2022 $1,594 $43,070 $21,630 $21,440
2021 $1,491 $38,390 $21,720 $16,670
2020 $1,471 $37,870 $20,380 $17,490
2019 $1,413 $37,870 $20,380 $17,490
2018 $1,502 $40,510 $26,730 $13,780
2017 $1,528 $40,510 $26,730 $13,780
2016 $1,368 $42,220 $28,360 $13,860
2015 $1,234 $42,220 $28,360 $13,860
2014 -- $40,950 $28,060 $12,890
2013 -- $40,950 $28,060 $12,890
Source: Public Records

Agents Affiliated with this Home

  • Justin Osborn

    Seller's Agent in 2023

    Justin Osborn

    The Wells Group of Durango, LLC

    (970) 946-3935

    368 Total Sales

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 788580

Colorado Real Estate Network (CREN)

APN: R430888

Colorado La Plata County Durango 81137

403 Airport Rd, Durango, CO

This home is located at 403 Airport Rd, Durango, CO 81303 since 14 November 2021 and is currently estimated at $1,485,307. 403 Airport Rd is a home located in La Plata County with nearby schools including Ignacio Elementary School, Ignacio Middle School, and Ignacio High School.

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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