NOT LISTED FOR SALE

50827 Highway 550 Durango, CO 81301

Estimated Value: $837,016 - $937,000

1 Bed
1 Bath
750 Sq Ft
$539/mo HOA Fee

Last Sold June 26, 2023

Last sale price $342,000 $456 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $5,739/month

4 Days on Market

Highlights

  • Fitness Center
  • Near a National Forest
  • Deck
  • Mountain View
  • Clubhouse
  • Living Room with Fireplace

About This Home

As of June 2023

This rare opportunity at Cascade Village won’t last long. One of only four end unit one-bedroom condos at Cascade. They rarely become available. This property offers the added excitement of having extraordinary unobstructed views of the surrounding Rocky Mountain Peaks from your private balcony. As an end unit, the property has an extra window at the dining area allowing for more views and wonderful light streaming in. The wood burning fireplace completes the cozy mountain ambiance. Fully furnished, with linens and fully stocked kitchen; turn key. New cooktop & oven, dishwasher, hot water tank, refrigerator, sofa sleeper, TV & electric controlled lounge chair. The jetted bathtub will be your personal spa at the end of day. Condo has 2 covered unassigned parking spaces. This condo has a consistently strong rental history of 24k+ gross annual income. Cascade Village has become a premier location in the heart of the San Juan Mountain range. Owners and guests are adventure seekers in the complete tranquility of the surrounding forests. Loads of hiking trails surrounding the property offer a variety of skill levels of for all hikers. The property offers an indoor heated swimming pool & jetted tub; outdoor jetted hot tub; men’s & women’s locker room and dry saunas; fitness center; tennis court/pickleball; the main lodge has reading areas, a game room, restaurant and lounge; laundry facility; ski & snowboard shop; complimentary ski shuttle during the winter season. Dues include all of these amenities plus professional management, reserves, snow removal, landscaping, firewood, building insurance, exterior maintenance, hi-speed fiber-optic internet & telephone. Purgatory ski resort is less than two miles away offering skiing/snowboarding in the winter and tons of fun filled summer activities. Don’t let your client miss out on this once in ‘years’ opportunity.

Last Agent to Sell the Property

Vicki Alper

The Columbine Group, LLC Listed on: 05/20/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $526

Year Built

  • Built in 1983

HOA Fees

  • $539 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Cedar Siding

Interior Spaces

  • 750 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Mountain Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

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
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 50891230080301
  • Special Tax Authority

Community Details

Overview

  • Association fees include building maintenance, insurance, landscaping, trash, snow removal, fitness facility, internet, management, road maintenance, wifi, telephone
  • Cascade Village Community Association
  • Cascade Village Subdivision
  • Near a National Forest

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$526

Year Built

Built in 1983

Lot Details

0

HOA Fees

$539 per month

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Microwave
  • Class: RESIDENTIAL
  • Common Facilities: Club House, Pool, Tennis Courts, Laundry Facilities, Fitness Facility, Sauna
  • Em Deposit: 5000.00
  • Em Holder: Colorado Title Services
  • Exterior Inclusions: Deck
  • Interior Inclusions: All Furnishings
  • Legal Lot Block: Unit 301 Snowscape Layout-Silverton Suites-Cascade Village
  • Parcel Id Number: 50891230080301
  • Price Per Sq Ft: 456
  • Property Description: Borders National Forest
  • Real Estate Included: Yes
  • Realist Id: 50891230080301
  • Residence Stories: One Story
  • Sale/Rent: For Sale
  • Siding: Cedar
  • Sold Price Sq Ft: 456
  • Special Assemnt: Yes
  • 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: 526.30
  • Year Built: 1983
  • Foreign Owned Y N: No
  • Prop Description Remarks: This rare opportunity at Cascade Village won’t last long. One of only four end unit one-bedroom condos at Cascade. They rarely become available. This property offers the added excitement of having extraordinary unobstructed views of the surrounding Rocky Mountain Peaks from your private balcony. As an end unit, the property has an extra window at the dining area allowing for more views and wonderful light streaming in. The wood burning fireplace completes the cozy mountain ambiance. Fully furnished, with linens and fully stocked kitchen; turn key. New cooktop & oven, dishwasher, hot water tank, refrigerator, sofa sleeper, TV & electric controlled lounge chair. The jetted bathtub will be your personal spa at the end of day. Condo has 2 covered unassigned parking spaces. This condo has a consistently strong rental history of 24k+ gross annual income. Cascade Village has become a premier location in the heart of the San Juan Mountain range. Owners and guests are adventure seekers in the complete tranquility of the surrounding forests. Loads of hiking trails surrounding the property offer a variety of skill levels of for all hikers. The property offers an indoor heated swimming pool & jetted tub; outdoor jetted hot tub; men’s & women’s locker room and dry saunas; fitness center; tennis court/pickleball; the main lodge has reading areas, a game room, restaurant and lounge; laundry facility; ski & snowboard shop; complimentary ski shuttle during the winter season. Dues include all of these amenities plus professional management, reserves, snow removal, landscaping, firewood, building insurance, exterior maintenance, hi-speed fiber-optic internet & telephone. Purgatory ski resort is less than two miles away offering skiing/snowboarding in the winter and tons of fun filled summer activities. Don’t let your client miss out on this once in ‘years’ opportunity.
  • Subdv Name: Cascade Village
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Dining Room: Living Room Dining
  • Bedrooms: 1
  • Flooring: Carpet-Partial, Tile
  • Estimated Total Sq Ft: 750
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 1
  • Fireplace Location Type: Living Room
  • Main Level Sq Ft: 750
  • Total Office Den: 0

Exterior Features

  • Pool: Community
  • Views: Mountains

Garage/Parking

  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Internet, Phone - Landline
  • Electric Supplier: La Plata Electric Association
  • Heating System: Electric Baseboard
  • Sewer Supplier: Cascade Metro District
  • Water Heater: Electric Water Heater
  • Water Supplier: Grizzly Peak Water Sales and Distribution

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Building Maintenance, Insurance, Landscaping, Trash, Snow Removal, Fitness Facility, Internet, Management, Road Maintenance, WiFi, Telephone
  • Hoametro Fees: 539.09
  • HOA Metro Fees Frequency: Monthly
  • Hoa Name: Cascade Village Community Association

Schools

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

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

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

Closed on
Sep 13, 2021
Sold by
Heltzel David M
Bought by
Unguran Living Trust
Current Estimated Value
$906,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$129,327
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$782,459

Purchase Details

Closed on
Sep 15, 2016
Sold by
American International Relocation Soluti
Bought by
Heltzel David M and Heltzel Lindsey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2016
Sold by
John And Debra Smith Revocable Trust
Bought by
Smith Debra A and Smith John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2010
Sold by
Aspen Meadows Co Inc
Bought by
John And Debra Smith Revocable Trust
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
Unguran Living Trust $700,000 None Listed On Document
Heltzel David M $408,000 Land Title Guarantee Company
American International Relocation Soluti -- Land Title Guarantee Company
Smith Debra A -- Land Title Guarantee Company
John And Debra Smith Revocable Trust $350,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Unguran Living Trust $165,000
Previous Owner American International Relocation Soluti $408,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Sold $342,000 -2.0% $456 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/20/2023 05/20/23 For Sale $349,000 +99.4% $465 / Sq Ft
02/17/2021 02/17/21 Sold $175,000 0.0% $233 / Sq Ft
01/10/2021 01/10/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $175,000 -- $233 / 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 $2,322 $51,902 $0 $0
2023 $2,322 $55,587 $849 $54,738
2022 $1,639 $37,800 $1,274 $36,526
2021 $1,641 $38,888 $1,311 $37,577
2020 $1,538 $36,751 $0 $0
2019 $1,543 $36,751 $1,287 $35,464
2018 $1,346 $31,640 $1,296 $30,344
2017 $1,339 $422,746 $0 $0
2016 $1,252 $31,307 $0 $0
2015 $942 $31,307 $0 $0
2014 $942 $24,325 $0 $0
2013 -- $24,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 803673

Colorado Real Estate Network (CREN)

APN: 50891320080107