NOT LISTED FOR SALE

47555 Highway 550 Durango, CO 81301

Estimated Value: $541,216

7.37 Acres
$73,435 Price per Acre
321,037 Sq Ft Lot

Last Sold August 17, 2023

Last sale price $499,000

Est. 8% increase in value since last sale

Current estimated payment $2,832/month

30 Days on Market

Highlights

  • Horses Allowed On Property
  • Lake View
  • Cattle
  • Park Elementary School Rated A-
  • Near a National Forest
  • 3-minute walk to Rotary Park

About This Lot

As of August 2023

This 7.37 acre meadow just west of Hermosa Cliffs and below Castle Rock Promontory connects to San Juan National Forest. This stunning location is ready for a new build, with a well already in place and electric nearby. While it borders the prestigious Hermosa Cliffs subdivision, this property boasts No HOA or covenants. This luxury homesite sits just 2 miles south of Purgatory Ski and Summer Resort and Durango Nordic Center, in mountain lake country. Nearby lakes include Elektra Lake, Columbine Lake, Lake of the Pines, Haviland Lake, and numerous alpine lakes in the Weminuche Wilderness. 8 miles to the south is the illustrious Glacier Club, with Durango another 16 miles south of that. North of Purgatory is the historic mining town of Silverton, a wild western hamlet, with remnants of brothels and bordellos, accessed by one of the most scenic and breathtaking mountain passes in Colorado. This abundant high altitude river valley, which was used seasonally for over two thousand years by the First Nations Utes, has endless possibilities. The property is zoned agricultural for tax purposes and is located in the La Plata North County District, which allows one buildable unit per 3-10 acres. The parcel is currently granting grazing access to neighboring horses and cattle on the northern boundary. Area attractions include the Durango and Silverton Narrow Gauge Railroad, a scenic and historic train that winds through jagged canyons along the Animas River from Durango to Silverton. You can find authentic alpine backcountry skiing, “hut to hut” year round guided tours, ice climbing, trekking and more. For the those interested in the finer details of Durango , there are numerous golf clubs, quality restaurants, shops, and theatres for entertaining and nightlife. This property has the perfect backdrop and views, and the perfect location, for a magnificent mountain home.

Last Agent to Sell the Property

Michelle Furi

Berkshire Hathaway HomeServices Colorado Properties Listed on: 05/28/2023

Berkshire Hathaway HomeServices Colorado Properties

Last Buyer's Agent

Steve Leisle

Silverton Realty, Inc.

Property Details

Property Type

  • Land

Lot Details

  • 7.37 Acre Lot
  • Sloped Lot

Property Views

  • Lake
  • Mountain
  • Valley

Schools

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

Farming

  • Cattle
  • Livestock

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Well
  • Internet Available

Community Details

  • Near a National Forest

Listing and Financial Details

  • Security Deposit $10,000
  • Assessor Parcel Number 508935401042

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Land
  • Em Holder: Title Co
  • Legal Lot Block: Section: 35 Township: 39 Range: 9 LOT D, WHISKEMAN BOUNDARY ADJ, PROJECT 95-67 47555 N US HWY 550 DURANGO 81301
  • Livestock Allowed: Cattle, Horses
  • Lot Size Acreage: 5-10 Acres
  • Parcel Id Number: 508935401042
  • Property Description: Borders National Forest
  • Street Descriptionaccess: State Highway
  • Tax Account Id: R417022
  • Zoning: Residential Single Family
  • Domestic Water: Domestic Well
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Total Acres: 7.37
  • Current Property Use: Horses, Grazing(no Irrig.), Ag/Livestock
  • Em Deposit: 10000
  • Possible Property Use: Residential Single Family, Mountain Recreation, Aglivestock, Grazing(no Irrigation), Horses, Hunting, Skier Access
  • Irrigation Systemrights: Well
  • Mineral Rights: Unknown
  • Topography: Sloped
  • Modularmobile Allow: Both
  • Price per Sq Ft: 1.56
  • Sold Priceacre: 67706.92
  • Total Taxes Dollar: 23.76
  • Prop Description Remarks: This 7.37 acre meadow just west of Hermosa Cliffs and below Castle Rock Promontory connects to San Juan National Forest. This stunning location is ready for a new build, with a well already in place and electric nearby. While it borders the prestigious Hermosa Cliffs subdivision, this property boasts No HOA or covenants. This luxury homesite sits just 2 miles south of Purgatory Ski and Summer Resort and Durango Nordic Center, in mountain lake country. Nearby lakes include Elektra Lake, Columbine Lake, Lake of the Pines, Haviland Lake, and numerous alpine lakes in the Weminuche Wilderness. 8 miles to the south is the illustrious Glacier Club, with Durango another 16 miles south of that. North of Purgatory is the historic mining town of Silverton, a wild western hamlet, with remnants of brothels and bordellos, accessed by one of the most scenic and breathtaking mountain passes in Colorado. This abundant high altitude river valley, which was used seasonally for over two thousand years by the First Nations Utes, has endless possibilities. The property is zoned agricultural for tax purposes and is located in the La Plata North County District, which allows one buildable unit per 3-10 acres. The parcel is currently granting grazing access to neighboring horses and cattle on the northern boundary. Area attractions include the Durango and Silverton Narrow Gauge Railroad, a scenic and historic train that winds through jagged canyons along the Animas River from Durango to Silverton. You can find authentic alpine backcountry skiing, “hut to hut” year round guided tours, ice climbing, trekking and more. For the those interested in the finer details of Durango , there are numerous golf clubs, quality restaurants, shops, and theatres for entertaining and nightlife. This property has the perfect backdrop and views, and the perfect location, for a magnificent mountain home.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Views: Mountains, Valley, Lake/Pond/Reservoir

Utilities

  • Utilities: Electricity Near, Internet, Phone - Cell Reception
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Propane
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 207330

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2022

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
May 28, 2023
Closed on
Aug 17, 2023
Sold by
Nelson James Andrew and Nelson Pamela C
Bought by
Lingelbach Joshua Aaron
Seller's Agent
Michelle Furi
Berkshire Hathaway HomeServices Colorado Properties
Buyer's Agent
Steve Leisle
Silverton Realty, Inc.
List Price
$499,999
Sold Price
$499,000
Premium/Discount to List
-$999
-0.2%
Views
114
Current Estimated Value
$541,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,216
Avg. Annual Appreciation
3.76%
Original Mortgage
$274,450
Outstanding Balance
$73,940
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$471,436

Purchase Details

Closed on
Aug 7, 2020
Sold by
New Direction Ira Inc and Whiskeman James Peter
Bought by
Nelson James Andrew and Nelson Pamela C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 10, 2017
Sold by
Computer Marketing Inc
Bought by
New Direction Ira Inc

Purchase Details

Closed on
Jan 5, 2000
Bought by
New Direction Ira Inc Fbo Whiskeman Jame
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lingelbach Joshua Aaron $499,000 None Listed On Document
Nelson James Andrew $290,000 Land Title
New Direction Ira Inc -- None Available
New Direction Ira Inc Fbo Whiskeman Jame -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lingelbach Joshua Aaron $274,450
Previous Owner Nelson James Andrew $218,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2023 08/17/23 Sold $499,000 -0.2% --
06/27/2023 06/27/23 Pending -- -- --
05/28/2023 05/28/23 For Sale $499,999 -- --
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 $28 $580 $580 --
2024 $24 $570 $570 --
2023 $36 $570 $570 --
2022 $36 $570 $570 $0
2021 $25 $610 $610 $0
2020 $24 $590 $590 $0
2019 $23 $590 $590 $0
2018 $23 $600 $600 $0
2017 $23 $600 $600 $0
2016 $20 $570 $570 $0
2015 $23 $570 $570 $0
2014 $23 $680 $680 $0
2013 -- $680 $680 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 803982

Colorado Real Estate Network (CREN)

APN: R417022