486 Marys Rd Ridgway, CO 81432
Estimated payment $5,854/month
Total Views
18,924
4
Beds
3
Baths
2,512
Sq Ft
$414
Price per Sq Ft
Highlights
- Horses Allowed On Property
- Deck
- Contemporary Architecture
- Mountain View
- Wood Burning Stove
- Living Room with Fireplace
About This Home
PRICE IS NEGOTIABLE Are you looking for a house that is instantly ready to go for you? This one of a kind home offers a turn-key solution to your dream of owning a home with future earning potential while allowing you to live in the San Juans. This house was a diamond in the rough in its past life, but the current owners have painstakingly converted it into a very profitable, beautiful home. Located in the quiet neighborhood of Idlewild, the home sits exactly between the towns of Ouray and Ridgway and is only 45 minutes to world class skiing in the town of Telluride. Your new home sits on 2.2 acres of stunning prime Colorado land with red cliffs soaring above you to the East and to the West, views of Mt. Abrams to the South and gorgeous Alpenglow skies to the North with the sunsets. The roof, windows, floors, plumbing, septic, electrical, appliances, heating and anything else you can think of, have all been upgraded, rebuilt, replaced and loved. For those that need a little entertainment in the summer, watch the soap operas unfold with the coming and goings of the campground just below the house. The main unit consists of the two upper levels, beautifully remodeled with a rustic and cozy charm. The main level boasts two large bedrooms, a full bath and a large open concept living/kitchen area with a vaulted ceiling featuring an 80in TV nestled above the floor-to-ceiling stone fireplace with a wood burning stove as well as a large wrap around deck to enjoy outdoor dining and stunning views. Take a walk up the hand crafted stairs to the third floor and the huge master suite with a private loft and natural stone shower. This unit has always been used as a Short Term Rental (STR). There are currently 260 or more 5-Star reviews for this AirBnb and the calendar is constantly booked well into the next year. All furniture and supplies needed to operate as an STR are available. There are currently no Short Term Rental permits available at the County. Downstairs you will find a separate 1 bedroom, 950 sqft home that has also been remodeled, boasting a large master bedroom, large custom shower and a wood burning stove that will leave you relaxed on a cool winter evening. This unit is currently leased long term, but would make for a great owner's quarters as well. Live in one unit and let the other subsidize your mortgage for you. Don't overlook this one - homes that pay for themselves in this area are hard to come by! Seller offering a credit for deck work.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,242
Year Built
- Built in 1978 | Remodeled in 2020
Lot Details
- 2.2 Acre Lot
- Landscaped
Home Design
- Contemporary Architecture
- Slab Foundation
- Metal Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 2,512 Sq Ft Home
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Wood Burning Stove
- Living Room with Fireplace
- Mountain Views
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Upstairs
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Shed
- Outdoor Gas Grill
Schools
- Ridgway K-5 Elementary School
- Ridgway 6-8 Middle School
- Ridgway 9-12 High School
Utilities
- Window Unit Cooling System
- Hot Water Baseboard Heater
- Heating System Uses Natural Gas
- Heating System Uses Wood
- Gas Water Heater
- Septic Tank
- Septic System
- Internet Available
Additional Features
- Sheep or Goats
- Horses Allowed On Property
Community Details
- Idlewild Estate Subdivision
Listing and Financial Details
- Assessor Parcel Number 451711205029
Map
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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 |
|---|---|---|---|---|
| 2024 | $2,287 | $41,420 | $10,710 | $30,710 |
| 2023 | $2,287 | $44,520 | $11,510 | $33,010 |
| 2022 | $1,679 | $29,980 | $10,080 | $19,900 |
| 2021 | $1,119 | $21,760 | $10,370 | $11,390 |
| 2020 | $1,038 | $20,440 | $10,370 | $10,070 |
| 2019 | $1,038 | $20,440 | $10,370 | $10,070 |
| 2018 | $1,116 | $21,360 | $8,640 | $12,720 |
| 2017 | $1,104 | $21,360 | $8,640 | $12,720 |
| 2016 | $952 | $20,480 | $9,950 | $10,530 |
| 2015 | -- | $20,480 | $9,950 | $10,530 |
| 2012 | -- | $20,150 | $11,780 | $8,370 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2025 06/28/25 | Price Changed | $1,040,000 | -13.3% | $414 / Sq Ft |
| 11/28/2024 11/28/24 | Price Changed | $1,200,000 | -10.8% | $478 / Sq Ft |
| 10/24/2024 10/24/24 | Price Changed | $1,345,000 | -3.6% | $535 / Sq Ft |
| 09/26/2024 09/26/24 | For Sale | $1,395,000 | -- | $555 / Sq Ft |
Source: Colorado Real Estate Network (CREN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $220,000 | Land Title Guarantee Co | |
| Interfamily Deed Transfer | -- | Old Republic Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $560,000 | New Conventional | |
| Closed | $412,000 | New Conventional | |
| Closed | $345,000 | New Conventional | |
| Closed | $209,000 | New Conventional | |
| Previous Owner | $120,000 | New Conventional |
Source: Public Records
Similar Homes in Ridgway, CO
Source: Colorado Real Estate Network (CREN)
MLS Number: 818366
APN: R001358
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