455 High Llama Ln Durango, CO 81301
Estimated payment $8,348/month
Highlights
- 10.27 Acre Lot
- Mountain View
- Lot Has A Rolling Slope
- Durango High School Rated A-
About This Lot
10.27 acres in the path of development at the edge of Durango City limits. No HOA & No Covenants. City of Durango will require annexation for this land that is zoned medium density residential and approved for up to 12 units per acre. With the average price of a home in Durango now running over $900K, there's plenty of profit margin here for a developer. Central water and sewer are located just to the south at the corner of High Llama Lane and Wilson Gulch Road. Annual taxes are $2,094.24. Adjoining 14.27 acres to the north can be purchased with this property at a package price of $3.6M. 3 bedroom home built in 1981 rented for $1,000 a month through May 1, 2025. Guest apartment currently rented at $700 a month through May 1, 2025. No value given to the improvements.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,094
Lot Details
- 10.27 Acre Lot
- Lot Has A Rolling Slope
- Property is zoned Residential Multi Family
Property Views
- Mountain
- Valley
Schools
- Florida Mesa K-5 Elementary School
- Escalante 6-8 Middle School
- Durango 9-12 High School
Utilities
- Well
Listing and Financial Details
- Security Deposit $2,500
- Assessor Parcel Number 566903400040
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,442 | $55,150 | $30,200 | $24,950 |
| 2024 | $2,094 | $49,410 | $27,830 | $21,580 |
| 2023 | $2,094 | $52,590 | $29,620 | $22,970 |
| 2022 | $1,740 | $55,080 | $31,020 | $24,060 |
| 2021 | $1,750 | $41,780 | $24,670 | $17,110 |
| 2020 | $1,689 | $41,540 | $24,350 | $17,190 |
| 2019 | $1,620 | $41,540 | $24,350 | $17,190 |
| 2018 | $1,507 | $38,700 | $21,310 | $17,390 |
| 2017 | $1,477 | $38,730 | $22,950 | $15,780 |
| 2016 | $1,421 | $40,340 | $24,010 | $16,330 |
| 2015 | $1,338 | $40,340 | $24,010 | $16,330 |
| 2014 | -- | $38,220 | $24,010 | $14,210 |
| 2013 | -- | $38,220 | $24,010 | $14,210 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/05/2024 11/05/24 | For Sale | $1,500,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $532,500 | None Available | |
| Warranty Deed | $530,000 | Land Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $532,520 | Purchase Money Mortgage | |
| Previous Owner | $350,000 | Unknown |
Source: Colorado Real Estate Network (CREN)
MLS Number: 819206
APN: R433031
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