NOT LISTED FOR SALE

43709 U S 550 Durango, CO 81301

Estimated Value: $840,309 - $1,163,000

3 Beds
3 Baths
2,400 Sq Ft
$397/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $639,000 $266 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,169/month

Highlights

  • Mountain View
  • Near a National Forest
  • Shed
  • Durango High School Rated A-
  • Living Room with Fireplace
  • 1 Irrigated Acre

About This Home

As of December 2021

This is a rare find with lots of potential. Original owners have occupied this property since their family built in 1963. Mid-century mountain charm, nestled on a 9.5 acre parcel with aspen, cottonwoods and evergreens offering views of the Needle Mountains, Missionary Ridge and the Hermosa Cliffs. The upper level is the main living with 2 bedrooms, each with own bath (one full, one 3/4); cozy living with brick fireplace and a galley kitchen (including original 1960's stove) and covered deck. Downstairs is a walk-out/basement, partially finished with 3rd bedroom and a 3/4 bath. There are a couple outbuildings and chicken coop. A domestic well services the property, spring rights included (see Assoc Docs) and septic was updated in 2018.

Last Agent to Sell the Property

Kristin Daly

The Wells Group of Durango, LLC Listed on: 09/20/2021

Last Buyer's Agent

Michael Gullotti

Glacier Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,348

Year Built

  • Built in 1963

Lot Details

  • 9.5

Home Design

  • Metal Roof
  • Stick Built Home

Interior Spaces

  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Oven or Range
  • Freezer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs

Schools

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

Utilities

  • Heating System Uses Wood
  • Baseboard Heating
  • Irrigation Water Rights
  • Well
  • Water Heater
  • Septic Tank
  • Internet Available

Additional Features

  • Shed
  • 9.5 Acre Lot
  • 1 Irrigated Acre

Community Details

  • Near a National Forest

Listing and Financial Details

  • Assessor Parcel Number 532523100006

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,348

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Freezer
  • Estimated Irrigation Acres: 1
  • Estimated Total Acres: 9.5
  • Class: RESIDENTIAL
  • Em Deposit: 10000
  • Em Holder: title company
  • Legal Lot Block: Section: 23 Township: 38 Range: 9 TR IN SW/4 NE/4
  • List Price per Sq Ft: 266.25
  • Lot Dimension: 9.5 acres
  • Lot Size Acreage: 5-9.99
  • Parcel Id Number: 532523100006
  • Price Per Sq Ft: 266.25
  • Property Description: Borders National Forest
  • Real Estate Included: Yes
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 266.25
  • Street Descriptionaccess: Private, Gravel
  • Type: Stick Built
  • Internet Provider: Century Link
  • Internet Service: Yes
  • Total Taxes Dollar: 1348
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Estimated Total Sq Ft: 2400
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 3
  • Fireplace Location Type: Living Room
  • Main Level Sq Ft: 1200
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0
  • Upper Level Sq Ft: 1200

Exterior Features

  • Exterior Structures: Shed
  • Roof: Metal
  • Views: Mountains

Utilities

  • Electric Supplier: La Plata Electric Association
  • Heating System: Electric Baseboard
  • Irrigation Water Description Amount: .01 c.f.s
  • Irrigation Water District: Elbert Creek
  • Sewer Supplier: Septic
  • Water Heater: Electric Water Heater
  • Water Rights Irrigation: Yes
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 20699

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

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
Sep 20, 2021
Closed on
Dec 22, 2021
Sold by
Reed Alison M and Estate Of Paul G Reed
Bought by
Gullotti Michael Jeffrey and Gullotti Julia Louisa
Seller's Agent
Kristin Daly
The Wells Group of Durango, LLC
Buyer's Agent
Michael Gullotti
Glacier Realty, LLC
List Price
$699,000
Sold Price
$639,000
Premium/Discount to List
-$60,000
-8.58%
Current Estimated Value
$953,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,577
Avg. Annual Appreciation
10.96%
Original Mortgage
$442,103
Outstanding Balance
$405,906
Interest Rate
2.98%
Mortgage Type
FHA
Estimated Equity
$547,671
Source: Public Records

Range of Values:

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Average Value
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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
Gullotti Michael Jeffrey $639,000 Colorado Ttl & Closing Svcs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gullotti Michael Jeffrey $442,103
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2021 12/22/21 Sold $639,000 0.0% $266 / Sq Ft
11/09/2021 11/09/21 Off Market $639,000 -- --
11/09/2021 11/09/21 Pending -- -- --
11/08/2021 11/08/21 Pending -- -- --
11/02/2021 11/02/21 Price Changed $639,000 -8.6% $266 / Sq Ft
09/20/2021 09/20/21 For Sale $699,000 -- $291 / 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
2025 $1,832 $47,000 $15,790 $31,210
2024 $1,568 $37,350 $15,160 $22,190
2023 $1,568 $40,410 $16,400 $24,010
2022 $1,383 $42,570 $17,280 $25,290
2021 $1,093 $33,500 $13,690 $19,810
2020 $971 $31,280 $13,110 $18,170
2019 $931 $31,280 $13,110 $18,170
2018 $811 $28,240 $12,320 $15,920
2017 $794 $28,240 $12,320 $15,920
2016 $1,024 $29,430 $12,330 $17,100
2015 $879 $29,430 $12,330 $17,100
2014 $879 $25,850 $12,650 $13,200
2013 -- $25,850 $12,650 $13,200
Source: Public Records

Agents Affiliated with this Home

  • Kristin Daly

    Seller's Agent in 2021

    Kristin Daly

    The Wells Group of Durango, LLC

    (970) 749-7798

    86 Total Sales

    Kristin Daly
    Section Image
  • Michael Gullotti

    Buyer's Agent in 2021

    Michael Gullotti

    Glacier Realty, LLC

    (970) 729-3262

    133 Total Sales

    Michael Gullotti
    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 787068

Colorado Real Estate Network (CREN)

APN: R012332

Colorado La Plata County Durango 81301

43709 U S 550, Durango, CO

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