NOT LISTED FOR SALE

542 Sheep Springs Durango, CO 81301

Estimated Value: $2,524,000 - $5,230,000

5 Beds
4.5 Baths
6,008 Sq Ft
$669/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $4,500,000 $749 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $22,054/month

26 Days on Market

Highlights

  • Barn
  • Arena
  • RV or Boat Parking
  • Park Elementary School Rated A-
  • Home fronts a pond
  • Lake View

About This Home

As of July 2023

Big Price Adjustment, now $4,200,000! Welcome to the majestic 5L Ranch. This immaculate 143-acre ranch property features a custom crafted 6000 square foot log home built surrounded by a picturesque pastoral landscape. This one-of-a-kind property is being sold with existing ranch equipment including Kubota M9540 tractor, Meteor snowblower, Rhino 72” Brush Hog, double auger snowblower, corral disk harrow, Cummins 25KW standby generator, and much more! The property comes with a large barn and riding arena. This property features glimpses of the La Plata Mountains just over the valley ridge and offers seclusion while being located just 7 miles West of Downtown Durango. The ranch is composed of three contiguous 35-acre parcels and one contiguous 38-acre parcel. Two of the parcels are a part of Durango Ridge Ranch subdivision, while the other two are located in a ponderosa pine forest off of Highway 160 in a conservation easement. All three undeveloped parcels allow for an additional single home and one additional outbuilding; including the 3 drilled water wells on the ranch. The property has been fire-mitigated and lined with beautiful fencing with weed-mitigated pastures for horses and cattle. The 5L Ranch and Durango Ridge Ranch is close to over 3000 acres of Colorado Public Land providing options for a wide range of outdoor activities. The meticulously maintained 5 bed, 4-and-a-half-bathroom log home offers the rustic warmth and coziness of lodgepole pine log construction mixed with modern conveniences, and large windows. Stepping through the large craftsman wood door into the entryway, an archway invites guests directly into the great room with a large river-rock wood-burning fireplace and flagstone mantel. The kitchen features slate gray countertops, Crestwood Cherry cabinetry, a Farm Sink with Reverse Osmosis Water System, and a spacious island with river rock surround. The walk-in pantry and laundry room features a GE Deluxe washer and dryer, storage cabinets, and a utility wash tub. Across from the kitchen, the open dining area features oak plank flooring. French doors lead outside to a cozy deck with built in Viking BBQ grill for dining outdoors and enjoying the views. The master suite is located on the main floor featuring large windows looking out at the valley views; a river rock fireplace, and French doors lead to a private deck. A spacious walk-in closet is connected to the master bath featuring a double vanity, walk-in shower, and a water closet. The main floor is finished out by a powder room next to the entryway and kitchen, and a heated two-car garage. A stunning twisted wood staircase leads to the second floor with a flybridge that overlooks the living room. A private upper en-suite bedroom features a full bathroom and a balcony. On the other side of the bridge is an office space with a custom built-in desk, two additional bedrooms, a bathroom and multiple enclosed storage areas. The beautiful custom wood stairs lead to the downstairs opening up into a large family room. A spacious basement bedroom includes multiple beds, with a roomy walk-in closet with a sliding barn door. On the opposite side sits a huge artist’s studio. A full bath is located off the family room, with a sink, tub and built-in storage. The masterfully built equestrian barn offers 5 stalls, a large lounge with sitting area and heated baseboards, a powder room, saddle storage area, workshop, and a large loft area for hay storage. The barn also boasts a covered RV site and lean-to for additional covered parking or storage, horse-riding arena. The main home has undergone major upgrades designed to make the house maintenance-free including, asphalt shingle roof with ice melt system, gutters, radon mitigation, 1,850-gallon water cistern, septic tank and leach field, porcelain floor tiles with in-floor heating, whole home water softener, security cameras, installation of an automatic gate, and more. 5L Ranch offers Colorado living at its finest!

Last Agent to Sell the Property

Gabi Bergstrom

RE/MAX Pinnacle Listed on: 06/21/2023

RE/MAX Pinnacle

Last Buyer's Agent

Tammie Bates

Real Colorado Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,872

Year Built

  • Built in 1998

Lot Details

  • 143 Acre Lot
  • Home fronts a pond
  • Back Yard Fenced
  • Wooded Lot
  • Property is zoned Agriculture

HOA Fees

  • $500 Monthly HOA Fees

Property Views

  • Lake
  • Mountain
  • Valley

Home Design

  • Log Cabin
  • Slab Foundation
  • Architectural Shingle Roof
  • Asphalt Roof
  • Log Siding
  • Stick Built Home

Interior Spaces

  • 3-Story Property
  • Tongue and Groove Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Home Gym
  • Home Security System
  • Finished Basement

Kitchen

  • Double Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • RV or Boat Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Gas Grill

Schools

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

Farming

  • Barn
  • Pasture
  • Cattle

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Arena

Utilities

  • Vented Exhaust Fan
  • Baseboard Heating
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Well
  • Propane Water Heater
  • Engineered Septic
  • Septic Tank
  • Internet Available

Community Details

  • Association fees include trash, snow removal, road maintenance
  • Durango Ridge HOA
  • Durango Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 566119400287

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,872

Year Built

Built in 1998

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Additional Comments: All furnishing was included
  • Appliance Inclusions: Range Top, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Double Oven, Exhaust Fan
  • Estimated Total Acres: 143
  • Class: RESIDENTIAL
  • Em Deposit: 150000
  • Em Holder: Colorado Title & Closing
  • Exterior Inclusions: Deck, Gas Grill, Covered Porch
  • Horse Setup: Yes
  • Interior Inclusions: Window Coverings, Cathedral Ceiling, Ceiling Fan(s), W/D Hookup, Pantry, Security System, T&G Ceilings, Walk In Closet, Garage Door Opener, Fitness Room, Heated Garage
  • Legal Lot Block: Parcels Numbers: 1. 566119400287 - Subdivision: DURANGO RIDGE RANCH Block: 0 Lot: 20 DURANGO RIDGE RANCH, FILING NO 2 542 SHEEP SPRINGS RD DURANGO 81301 2. 566119300315 - Subdivision: DURANGO RIDGE RANCH FILING #3 Lot: 33 3. 566119400320 - Subdivision: DURANGO RIDGE RANCH FILING #3 PARCEL 1 DOS BELLAS RANCH AKA GRAN VISTA RANCH #813572 9-18-01 4. 566119400321 - Subdivision: DURANGO RIDGE RANCH FILING #3 PARCEL 2 DOS BELLAS RANCH AKA RANCHO DE FLORES #813572 9-18-01
  • Livestock Allowed: Cattle, Horses
  • Lot Size Acreage: 35+
  • Parcel Id Number: 566119400287
  • Price Per Sq Ft: 749
  • Property Description: Pasture, Wooded Lot
  • Real Estate Included: Yes
  • Residence Stories: Three Story
  • Residence Style: Log
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Log
  • Sold Price Sq Ft: 749
  • Street Descriptionaccess: Private, Paved
  • Street Designation: Road
  • Tax Account Id: R417676
  • Waterfront Type: Pond
  • Zoning: Agriculture, Residential Single Family
  • Type: Stick Built
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: AlignTec
  • Internet Service: Yes
  • Total Taxes Dollar: 3872
  • Year Built: 1998
  • Foreign Owned Y N: No
  • Prop Description Remarks: Big Price Adjustment, now $4,200,000! Welcome to the majestic 5L Ranch. This immaculate 143-acre ranch property features a custom crafted 6000 square foot log home built surrounded by a picturesque pastoral landscape. This one-of-a-kind property is being sold with existing ranch equipment including Kubota M9540 tractor, Meteor snowblower, Rhino 72” Brush Hog, double auger snowblower, corral disk harrow, Cummins 25KW standby generator, and much more! The property comes with a large barn and riding arena. This property features glimpses of the La Plata Mountains just over the valley ridge and offers seclusion while being located just 7 miles West of Downtown Durango. The ranch is composed of three contiguous 35-acre parcels and one contiguous 38-acre parcel. Two of the parcels are a part of Durango Ridge Ranch subdivision, while the other two are located in a ponderosa pine forest off of Highway 160 in a conservation easement. All three undeveloped parcels allow for an additional single home and one additional outbuilding; including the 3 drilled water wells on the ranch. The property has been fire-mitigated and lined with beautiful fencing with weed-mitigated pastures for horses and cattle. The 5L Ranch and Durango Ridge Ranch is close to over 3000 acres of Colorado Public Land providing options for a wide range of outdoor activities. The meticulously maintained 5 bed, 4-and-a-half-bathroom log home offers the rustic warmth and coziness of lodgepole pine log construction mixed with modern conveniences, and large windows. Stepping through the large craftsman wood door into the entryway, an archway invites guests directly into the great room with a large river-rock wood-burning fireplace and flagstone mantel. The kitchen features slate gray countertops, Crestwood Cherry cabinetry, a Farm Sink with Reverse Osmosis Water System, and a spacious island with river rock surround. The walk-in pantry and laundry room features a GE Deluxe washer and dryer, storage cabinets, and a utility wash tub. Across from the kitchen, the open dining area features oak plank flooring. French doors lead outside to a cozy deck with built in Viking BBQ grill for dining outdoors and enjoying the views. The master suite is located on the main floor featuring large windows looking out at the valley views; a river rock fireplace, and French doors lead to a private deck. A spacious walk-in closet is connected to the master bath featuring a double vanity, walk-in shower, and a water closet. The main floor is finished out by a powder room next to the entryway and kitchen, and a heated two-car garage. A stunning twisted wood staircase leads to the second floor with a flybridge that overlooks the living room. A private upper en-suite bedroom features a full bathroom and a balcony. On the other side of the bridge is an office space with a custom built-in desk, two additional bedrooms, a bathroom and multiple enclosed storage areas. The beautiful custom wood stairs lead to the downstairs opening up into a large family room. A spacious basement bedroom includes multiple beds, with a roomy walk-in closet with a sliding barn door. On the opposite side sits a huge artist’s studio. A full bath is located off the family room, with a sink, tub and built-in storage. The masterfully built equestrian barn offers 5 stalls, a large lounge with sitting area and heated baseboards, a powder room, saddle storage area, workshop, and a large loft area for hay storage. The barn also boasts a covered RV site and lean-to for additional covered parking or storage, horse-riding arena. The main home has undergone major upgrades designed to make the house maintenance-free including, asphalt shingle roof with ice melt system, gutters, radon mitigation, 1,850-gallon water cistern, septic tank and leach field, porcelain floor tiles with in-floor heating, whole home water softener, security cameras, installation of an automatic gate, and more. 5L Ranch offers Colorado living at its finest!
  • Subdv Name: Durango Ridge
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 20

Interior Features

  • Dining Room: Kitchen/Dining
  • Bedrooms: 5
  • Flooring: Hardwood, Tile
  • Estimated Total Sq Ft: 6008
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 5
  • Basement Finished Sq Ft: 1852
  • Fireplace Location Type: Gas Logs, Gas Starters, Bedroom, Living Room
  • Foundation: Slab, Basement-finished
  • Main Level Sq Ft: 2132
  • Master Bedroom Level: Main Level
  • Total Office Den: 0
  • Upper Level Sq Ft: 1324

Exterior Features

  • Fence: Partial Property, Fenced - Back
  • Windows: Clad, Double Pane
  • Construction Type: Log
  • Exterior Structures: Arena, Barn, RV/Boat Shelter
  • Roof: Asphalt, Architectural Shingles
  • Views: Mountains, Valley, Lake/Pond/Reservoir
  • Waterfront: Yes

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Propane-Tank Leased, Internet
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: AmeriGas
  • Heating System: Electric Baseboard, Floor Radiant
  • Sewer Supplier: Septic
  • Water Heater: Propane Water Heater
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 205314, 261808, 243490

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Trash, Snow Removal, Road Maintenance
  • Hoametro Fees: 6000
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Durango Ridge

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Needham K-5
  • Middle School: Miller 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Jul 25, 2023
Sold by
Willowbrook Associates Llc
Bought by
Neal And Debra Winard Trust
Seller's Agent
Gabi Bergstrom
RE/MAX Pinnacle
Buyer's Agent
Tammie Bates
Real Colorado Properties
List Price
$4,750,000
Sold Price
$4,500,000
Premium/Discount to List
-$250,000
-5.26%
Views
74
Current Estimated Value
$4,019,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$480,216
Avg. Annual Appreciation
-4.69%

Purchase Details

Closed on
Sep 16, 2022
Sold by
Anne Moreau Self Declaration Of Trust
Bought by
Willowbrook Associates Llc

Purchase Details

Closed on
Mar 30, 2012
Sold by
Vincent Roderick B and Vincent Kathy E
Bought by
Anne Moreau Self Declaration Of Trust

Purchase Details

Closed on
Dec 18, 2009
Sold by
Landry Property Management Of Leesville
Bought by
Anne Moreau Self Declaration Of Trust

Purchase Details

Closed on
Mar 8, 2005
Sold by
Trujillo Ron R and Trujillo Felicia
Bought by
Landry Phillip D and Landry Lori A

Purchase Details

Closed on
Jan 9, 1998
Bought by
Moreau Anne Self Declaration Of Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Neal And Debra Winard Trust -- None Listed On Document
Willowbrook Associates Llc $3,800,000 Colorado Title & Closing Servi
Anne Moreau Self Declaration Of Trust -- None Available
Anne Moreau Self Declaration Of Trust $2,700,000 Colorado Land Title Co
Landry Phillip D $1,200,000 Land Titel
Moreau Anne Self Declaration Of Trust $212,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2023 07/31/23 Sold $4,500,000 +7.1% $749 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/06/2023 07/06/23 Price Changed $4,200,000 -11.6% $699 / Sq Ft
06/21/2023 06/21/23 For Sale $4,750,000 -- $791 / 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 $4,905 $117,640 $3,710 $113,930
2024 $4,196 $100,780 $3,120 $97,660
2023 $4,196 $104,460 $3,230 $101,230
2022 $3,585 $108,360 $3,350 $105,010
2021 $3,606 $87,660 $2,970 $84,690
2020 $3,440 $86,240 $2,810 $83,430
2019 $3,297 $86,240 $2,810 $83,430
2018 $3,268 $85,590 $5,370 $80,220
2017 $3,200 $85,590 $5,370 $80,220
2016 $3,014 $87,430 $5,760 $81,670
2015 $2,672 $87,430 $5,760 $81,670
2014 $2,672 $79,410 $5,750 $73,660
2013 -- $79,410 $5,750 $73,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 804948

Colorado Real Estate Network (CREN)

APN: R417676