NOT LISTED FOR SALE

50827 Highway 550 Unit 340 Durango, CO 81301

Estimated Value: $206,000 - $255,000

1 Bed
1 Bath
425 Sq Ft
$463/mo HOA Fee

Last Sold February 25, 2022

Last sale price $218,000 $513 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,626/month

41 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Sauna
  • Mountain View
  • Deck
  • Furnished

About This Home

As of February 2022

Complete turnkey purchase! All furnishings are included! This surprisingly spacious studio is 425 sq. ft, and has been nicely upgraded with wood plank flooring, beautiful corner wood burning fireplace, kitchen with full size refrigerator/freezer, 4 burner electric cooktop, microwave, tile countertop, full-size bathroom with double sinks and jetted tub, locked ski closet & balcony. Whether as a first or second home, this unit is a great value in a fabulous mountain setting. Short–term rentals are allowed should you wish to do that in order to generate extra income when you are not using it (and this unit has an exceptional history for doing just that). Cascade Village provides fiber-optic high speed internet & land line phone. Incredible amenities, at no extra cost, include large indoor heated pool & jetted spa, outdoor jetted spa, men & women's sauna & lockers, game room, fitness center, tennis & pickle ball court, horse shoes, volleyball, stocked pond, firewood & complimentary shuttle to nearby Purgatory during ski season. Also included: professional management, building maintenance, landscaping, exterior lighting, insurance, roadway maintenance and reserves for future projects. Cascade Village is located at the start of the fabulous Million Dollar Highway (often voted one of the 5 most scenic drives in the US) in one of the most pristine settings in the San Juan Mountains (just between Durango & Silverton, CO). The Lift at Cascade restaurant and lounge is now open in the Lodge building

Last Agent to Sell the Property

Vicki Alper

The Columbine Group, LLC Listed on: 12/05/2021

Last Buyer's Agent

Sarah Schoenfelder

RE/MAX Pinnacle

RE/MAX Pinnacle

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $267

Year Built

  • Built in 1982

HOA Fees

  • $463 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Cedar Siding

Interior Spaces

  • 425 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Mountain Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck

Schools

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

Utilities

  • Baseboard Heating
  • Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 50891230080340

Community Details

Overview

  • Association fees include building maintenance, insurance, irrigation, landscaping, trash, snow removal, fitness facility, internet, road maintenance, wifi, telephone
  • Cascade Village Community Association

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$267

Year Built

Built in 1982

Lot Details

0

HOA Fees

$463 per month

Listing Details

  • Class: RESIDENTIAL
  • Common Facilities: Club House, Tennis Courts, Sauna, Fitness Facility, Hot Tub, Laundry Facilities
  • Em Deposit: 5000.00
  • Em Holder: Colorado Title Services
  • Exterior Inclusions: Deck
  • Interior Inclusions: All Furnishings
  • Legal Lot Block: Unit 340 Snowden Village Suites, Cascade Village Phase II
  • List Price per Sq Ft: 494.12
  • Parcel Id Number: 50891230080340
  • Price Per Sq Ft: 512.94
  • Real Estate Included: Yes
  • Residence Stories: One Story
  • Sale/Rent: For Sale
  • Siding: Cedar
  • Sold Price Sq Ft: 512.94
  • Street Designation: Highway
  • Type: Condo
  • Hoa Dogs Allowed: Yes-w/restrictions
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: Brainstorm
  • Internet Service: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 267.48
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Bedrooms: 1
  • Estimated Total Sq Ft: 425
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 1
  • Total Office Den: 0

Exterior Features

  • Pool: Community
  • Views: Mountains

Garage/Parking

  • Carport: Yes
  • Carport Spaces: 2

Utilities

  • Utilities: Electric
  • Electric Supplier: La Plata Electric Association
  • Heating System: Electric Baseboard
  • Water Heater: Electric Water Heater
  • Water Supplier: Grizzly Peak Water Sales and Distribution

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Building Maintenance, Insurance, Irrigation, Landscaping, Trash, Snow Removal, Fitness Facility, Internet, Road Maintenance, WiFi, Telephone
  • Hoametro Fees: $463.19
  • HOA Metro Fees Frequency: Monthly
  • Hoa Name: Cascade Village Community Association

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

MLS Schools

  • Elementary School: Animas Valley K-5
  • Middle School: Miller 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2020
Sold by
Polinsky Alex E
Bought by
Leonhard Gary R and Larson Annelle I
Current Estimated Value
$214,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,375
Outstanding Balance
$45,676
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$189,335

Purchase Details

Closed on
Dec 16, 2019
Sold by
Tripp Alice G
Bought by
Polinsky Alex E

Purchase Details

Closed on
Oct 5, 2012
Sold by
Joyce Sandra K and Ramsier Ronda Sue
Bought by
Tripp Alice G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
3.61%
Mortgage Type
Commercial
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
Leonhard Gary R $68,500 Colorado Ttl & Closing Svcs
Polinsky Alex E $55,000 Land Title Guarantee Company
Tripp Alice G $39,000 Land Title Guarantee Compnay
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leonhard Gary R $51,375
Previous Owner Tripp Alice G $27,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $218,000 +3.8% $513 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $210,000 0.0% $494 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
12/05/2021 12/05/21 For Sale $210,000 -- $494 / 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
2024 $530 $11,845 $0 $0
2023 $530 $7,767 $0 $7,767
2022 $294 $6,789 $0 $6,789
2021 $292 $6,908 $0 $6,908
2020 $267 $6,372 $0 $0
2019 $267 $6,372 $0 $6,372
2018 $299 $7,027 $0 $7,027
2017 $297 $73,380 $0 $0
2016 $228 $5,700 $0 $0
2015 $211 $5,700 $0 $0
2014 $211 $5,444 $0 $0
2013 -- $5,444 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 789003

Colorado Real Estate Network (CREN)

APN: 50891230080340