541 E 3rd Ave Unit B Durango, CO 81301
So Co NeighborhoodEstimated Value: $906,921 - $1,232,000
3
Beds
2.5
Baths
1,950
Sq Ft
$536/Sq Ft
Est. Value
Highlights
- Solar Power System
- Mountain View
- Deck
- Park Elementary School Rated A-
- Fireplace in Bedroom
- Vaulted Ceiling
About This Home
As of June 2021Welcome to the Bungalows on East Third Avenue! This gorgeous townhome was designed and built by local architect Tracy Reynolds in 2014/2015. This immaculate home is conveniently located along the historic East 3rd Avenue, within blocks of some of Durango's finest restaurants and shopping. As you approach the home, you are greeted with a lovely lawn and a covered front porch that is the perfect spot to enjoy your morning coffee or spend the afternoon visiting with neighbors as they stroll by. Upon entry, you will immediately appreciate the fantastic reclaimed hardwood floors, floating staircase, gas fireplace with steel surround, and beautiful brick accents. This three-level townhome offers an open floor plan with large windows, allowing for maximum natural light throughout. The main level living area is the ideal space for entertaining family and friends, with a beverage and bar area, a large island with seating, and ample prep space and cabinet storage in the kitchen. This level also offers a powder bath, large coat closet and mud room area, as well as a wonderful sunny back deck just beyond the kitchen. Upstairs you will find a spacious primary suite with gas fireplace, beverage bar, vaulted ceilings, and a private deck. In the adjoining primary bath, there is an inviting soaking tub with separate shower, double vanity sink with plenty of cabinet storage, floating shelves, and beautiful quartz counters. The large walk-in closet offers ample shelving and hanging space, with an east-facing window for more natural light. The laundry area and flex space for gym equipment, small office or sitting area are also located on this level with lovely east-facing windows. Up one flight of stairs you will find an incredible rooftop deck complete with a gas fireplace, sink station, and plenty of room to enjoy the lovely summer evenings or stargaze at night. There is also room for a small potted garden area to make this your own private oasis! This extraordinary townhome also features an expansive basement level with two large bedrooms and a shared bath. Each bedroom offers great closet space and more large windows to allow maximum natural light. The home has gas-forced heat with air conditioning and a recently-added 3kW solar system. Included with this townhome is a one-car carport and a one-car garage. Don’t miss out on the opportunity to own this magnificent low-maintenance home located in the heart of downtown Durango! Sellers would like to negotiate a lease back through end of November with a new owner. The timing of the lease back is negotiable.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,913
Year Built
- Built in 2014
Lot Details
- 653 Sq Ft Lot
- Landscaped
- Sprinkler System
HOA Fees
- $167 Monthly HOA Fees
Home Design
- Bungalow
- Composition Roof
Interior Spaces
- 1,950 Sq Ft Home
- 3-Story Property
- Wet Bar
- Vaulted Ceiling
- Window Treatments
- Living Room with Fireplace
- Mountain Views
- Finished Basement
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Bedroom
- Primary Bedroom Upstairs
- Walk-In Closet
Laundry
- Dryer
- Washer
Parking
- 1 Car Detached Garage
- 1 Carport Space
- Garage Door Opener
Eco-Friendly Details
- Solar Power System
Outdoor Features
- Deck
- Covered patio or porch
Schools
- Park K-5 Elementary School
- Escalante 6-8 Middle School
- Durango 9-12 High School
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Heating System Uses Natural Gas
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 566529308032
Community Details
Overview
- Association fees include building maintenance, insurance, landscaping, snow removal, management
- Bungalows On 3Rd HOA
Pet Policy
- Dogs Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 19, 2015
Sold by
541 Third Llc
Bought by
Smith Stephen M and Pogue Kristin
Total Days on Market
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Outstanding Balance
$328,577
Interest Rate
3.68%
Mortgage Type
New Conventional
Estimated Equity
$682,766
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Similar Homes in Durango, CO
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Smith Stephen M | $664,000 | Land Title Guarantee Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Smith Stephen M | $417,000 | |
| Closed | Smith Stephen M | $114,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2021 06/03/21 | Sold | $795,000 | 0.0% | $408 / Sq Ft |
| 04/10/2021 04/10/21 | Pending | -- | -- | -- |
| 04/09/2021 04/09/21 | For Sale | $795,000 | -- | $408 / Sq Ft |
Source: Colorado Real Estate Network (CREN)
Tax History Compared to Growth
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 | $2,031 | $50,540 | $5,150 | $45,390 |
| 2023 | $2,031 | $53,740 | $5,480 | $48,260 |
| 2022 | $2,044 | $56,250 | $5,730 | $50,520 |
| 2021 | $2,052 | $51,700 | $4,720 | $46,980 |
| 2020 | $1,913 | $49,770 | $4,580 | $45,190 |
| 2019 | $1,830 | $49,770 | $4,580 | $45,190 |
| 2018 | $1,807 | $49,750 | $4,540 | $45,210 |
| 2017 | $1,767 | $49,750 | $4,540 | $45,210 |
| 2016 | $1,622 | $49,760 | $0 | $49,760 |
| 2015 | -- | $11,080 | $5,040 | $6,040 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Mayer
Seller's Agent in 2021
Melissa Mayer
Legacy Properties West Sotheby's Int. Realty
(970) 759-1892
11 in this area
157 Total Sales
-
Christina Rinderle
Buyer's Agent in 2021
Christina Rinderle
Durango Land and Homes
(970) 946-2279
12 in this area
327 Total Sales
Map
Source: Colorado Real Estate Network (CREN)
MLS Number: 780566
APN: R435408
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