NOT LISTED FOR SALE

5259 County Road 509 Bayfield, CO 81122

Estimated Value: $729,000 - $1,058,000

15.15 Acres
$57,381 Price per Acre
659,934 Sq Ft Lot

Last Sold October 21, 2022

Last sale price $900,000 $449 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,961/month

126 Days on Market

Highlights

  • Horses Allowed On Property
  • 15.15 Acre Lot
  • 14 Irrigated Acres
  • River Front
  • Shed
  • Lot Has A Rolling Slope

About This Lot

As of October 2022

SIGNIFICANT PRICE REDUCTION! This is a one of a kind property with many possibilities bordering the town of Bayfield and access off of the northern portion of CR 509. Over 1650 feet of Pine River frontage and ample flat useable ground along the riverbank. This is a park like setting ready for your imagination to take it to the next level. The property has very good water rights, a spring fed pond of almost ½ acre in addition to an irrigation pond, gated entry and easy access across the King ditch creating a moat along the western boundary. The balance of the property is fenced. This is a very private property. There are fruit trees and lots of open pastures for crops or huge gardens. The main house is 1490 sq. ft. and a guest house of 515 sq. ft. These homes are rough but livable and there is a lot of history associated with the property. The value is in the land and the homes are a bonus. There are a few outbuildings that are mostly useable. A prospect will want to investigate potential uses with the county/town of Bayfield but family estate, development, campsite’s, garden center, fishing lodge and many others ideas come to mind. The property is very convenient yet has a feeling of privacy and remoteness. The property has a wide range of possible uses -estate site on the edge of town, development parcels (Bayfield town limits across the river and south), or larger subdivision. Two cabins- 1490 SF &515 SF.

Last Agent to Sell the Property

Abbi Munn

The Wells Group of Durango, LLC Listed on: 06/02/2022

Co-Listed By

Joe Bob Mcguire

The Wells Group of Durango, LLC

Last Buyer's Agent

Gina Buchanan

The Wells Group of Durango, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,444

Lot Details

  • 15.15 Acre Lot
  • River Front
  • Lot Has A Rolling Slope

Schools

  • Bayfield K-5 Elementary School
  • Bayfield 6-8 Middle School
  • Bayfield 9-12 High School

Utilities

  • Irrigation Water Rights
  • Well
  • Septic System
  • Phone Available

Additional Features

  • Shed
  • 14 Irrigated Acres
  • Horses Allowed On Property

Listing and Financial Details

  • Security Deposit $25,000
  • Assessor Parcel Number 567711300132

Property Details

Property Type

Land

Est. Annual Taxes

$2,444

Lot Details

0

Listing Details

  • Class: Land
  • Elevation: 6800
  • Em Holder: Title Durango
  • Fronts: CR 509
  • Horse Setup: Yes
  • Legal Lot Block: Section: 11 Township: 34 Range: 7 A TRACT OF LAND LYING IN THE SW4 PLUS #785920 FROM GRUSH 5259 CR 509 BAYFIELD 81122 Parcel#567711300132
  • Lot Dimension: 15.15
  • Lot Size Acreage: 11-20 Acres
  • Parcel Id Number: 567711300132
  • Street Descriptionaccess: County
  • Waterfront Type: River/Stream
  • Domestic Sewer: Septic Installed
  • Domestic Water: Well-Other
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Irrigation Acres: 14
  • Estimated Total Acres: 15.15
  • Em Deposit: 25,000
  • Possible Property Use: Residential Single Family
  • Water Rights Irrigation: Yes
  • Price Acre: 58481.85
  • Topography: Rolling
  • Modularmobile Allow: Both
  • Outbuildngsstructures: Misc Sheds
  • Price per Sq Ft: 1.34
  • Sewerseptic In: Yes
  • Sold Priceacre: 59405.94
  • Total Taxes Dollar: 2443.56
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Waterfront: Yes

Utilities

  • Utilities: Electricity, Phone
  • Electric Supplier: La Plata Electric Association
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 53434

Schools

  • Elementary School: Bayfield K-5
  • Middle School: Bayfield 6-8
  • High School: Bayfield 9-12
  • High School: Bayfield 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2021

MLS Schools

  • Elementary School: Bayfield K-5
  • Middle School: Bayfield 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2022
Closed on
Oct 17, 2022
Sold by
Michele Theriot Revocable Trust
Bought by
Maria C Yerelian November 2003 Trust
Seller's Agent
Abbi Munn
The Wells Group of Durango, LLC
Buyer's Agent
Gina Buchanan
The Wells Group of Durango, LLC
List Price
$986,000
Sold Price
$900,000
Premium/Discount to List
-$86,000
-8.72%
Current Estimated Value
$869,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,682
Avg. Annual Appreciation
-5.15%
Original Mortgage
$1,875
Interest Rate
1.5%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 10, 2009
Sold by
Theriot Michele
Bought by
Michele Theriot Revocable Trust

Purchase Details

Closed on
Apr 25, 2008
Sold by
Clair Darren F
Bought by
Theriot Michele
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
Maria C Yerelian November 2003 Trust $900,000 --
Michele Theriot Revocable Trust -- None Available
Theriot Michele -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Maria C Yerelian November 2003 Trust $1,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2022 10/21/22 Sold $900,000 +1.6% $449 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
08/23/2022 08/23/22 Price Changed $886,000 -10.1% $442 / Sq Ft
06/02/2022 06/02/22 For Sale $986,000 -- $492 / 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
2025 $2,700 $56,560 $38,520 $18,040
2024 $2,447 $43,150 $27,280 $15,870
2023 $2,447 $46,280 $29,260 $17,020
2022 $2,346 $48,590 $30,720 $17,870
2021 $2,444 $40,520 $27,960 $12,560
2020 $2,304 $39,440 $27,040 $12,400
2019 $817 $14,400 $1,820 $12,580
2018 $735 $13,190 $2,130 $11,060
2017 $2,061 $36,870 $26,010 $10,860
2016 $2,067 $36,840 $27,400 $9,440
2015 $1,762 $36,840 $27,400 $9,440
2014 $1,762 $38,990 $31,120 $7,870
2013 -- $39,170 $31,120 $8,050
Source: Public Records

Agents Affiliated with this Home

  • Abbi Munn

    Seller's Agent in 2022

    Abbi Munn

    The Wells Group of Durango, LLC

    (970) 759-2217

    6 in this area

    175 Total Sales

    Abbi Munn
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Joe Bob Mcguire

    The Wells Group of Durango, LLC

    Section Image
  • Gina Buchanan

    Buyer's Agent in 2022

    Gina Buchanan

    The Wells Group of Durango, LLC

    (970) 799-2133

    1 in this area

    80 Total Sales

    Gina Buchanan
    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 794252

Colorado Real Estate Network (CREN)

APN: R433734

Colorado La Plata County Bayfield 81122

5259 County Road 509, Bayfield, CO

This home is located at 5259 County Road 509, Bayfield, CO 81122 since 02 June 2022 and is currently estimated at $869,318, approximately $433 per square foot. 5259 County Road 509 is a home located in La Plata County with nearby schools including Bayfield Elementary School, Bayfield Middle School, and Bayfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Colorado Real Estate Network (CREN) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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