NOT LISTED FOR SALE

555 Rivergate Ln Unit 3 Durango, CO 81301

Estimated Value: $564,000 - $666,000

2 Beds
2 Baths
1,404 Sq Ft
741 Sq Ft Lot

Last Sold June 24, 2024

Last sale price $620,000 $442 Per Sq Ft

Current estimated payment $3,821/month

22 Days on Market

Highlights

  • River Front
  • Primary Bedroom Suite
  • Contemporary Architecture
  • Park Elementary School Rated A-
  • Deck
  • High Ceiling

About This Home

As of June 2024

Immerse yourself in the epitome of easy, luxurious condo living along the serene Animas River. Picture yourself residing all on one level, mere minutes south of dynamic downtown Durango. This modern 2-bedroom (second bedroom has been converted into an office & can easily be converted back to a bedroom), 2-bathroom condo is a haven of sophistication with its granite countertops, & an effortlessly flowing floor plan. The heart of this home is an open-concept living space, combining the kitchen, living, & dining areas into a harmonious gathering spot. Adorned with stainless steel appliances, nice cabinetry, & walls of windows & sliding doors, every corner invites natural light & offers breathtaking views of the Animas River from your own large deck. Featuring 2 dedicated parking spaces & a storage unit, convenience is a given here.
Positioned ideally, the condo is just a bridge away from the charming Natures Oasis Grocers, adjacent to the Animas Surgical Hospital, & offers a peaceful walk along the river trail to Santa Rita Park & the heart of the town. Step outside to access a plethora of outdoor adventures right at your doorstep—from biking & hiking to fishing, rafting, & leisurely river walks, it’s all here waiting for you. With the HOA covering all utilities except for electricity, internet, & TV, your worries are few. This unique development not only captivates with the breathtaking views of the La Plata Mountains & the melodious sounds of the Animas River but also offers a laid-back lifestyle with no maintenance concerns. Revel in the convenience of the nearby Medical Center & take leisurely strolls on the pedestrian-friendly river walk. With Lake Nighthorse, Animas Airpark, skiing at DMR, live music at Fort Lewis College, & exceptional dining options all within reach, your free time is truly your own to enjoy the best of Durango. Embrace this maintenance-free living experience, designed for those who seek to soak up every moment of Durango’s vibrant offerings.

Last Agent to Sell the Property

Denise Baca

Your Castle Real Estate Inc Brokerage Email: me@denisebaca.com License #100004975 Listed on: 04/26/2024

Your Castle Real Estate Inc

Last Buyer's Agent

Other MLS Non-REcolorado

NON MLS PARTICIPANT

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,001

Year Built

  • Built in 2005

Lot Details

  • River Front
  • Two or More Common Walls
  • South Facing Home

HOA Fees

  • $493 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Membrane Roofing
  • Stone Siding
  • Steel Beams
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,404 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Water Views
  • Laundry closet

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Laminate
  • Concrete
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite

Parking

  • Subterranean Parking
  • Heated Garage

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Gas Grill

Schools

  • Park Elementary School
  • Escalante Middle School
  • Durango High School

Utilities

  • Forced Air Heating and Cooling System
  • Mini Split Air Conditioners
  • Natural Gas Connected
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R427565

Community Details

Overview

  • Association fees include gas, ground maintenance, maintenance structure, sewer, snow removal, trash, water
  • Rivergate Lofts Association, Phone Number (970) 764-4254
  • High-Rise Condominium
  • Rivergate Lofts Community
  • Rivergate Lofts Subdivision

Amenities

  • Elevator

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,001

Year Built

Built in 2005

Lot Details

741 Sq Ft Lot

HOA Fees

$493 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary, Loft
  • Structure Type: High Rise (8+)
  • Levels: One
  • Building Name: Rivergate Lofts
  • Year Built: 2005
  • Above Grade Finished Sq Ft: 1404
  • Entry Location: Exterior Access
  • Exclusions: NONE
  • Living Area: 1404
  • Pets Allowed: Only for Owner
  • Directions: College Drive East. Right on 8th Avenue. Continue to Hwy 3. Right at light. Right into RiverGate Lofts.
  • SubdivisionName: Rivergate Lofts
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBedrooms: 0
  • REC_ExpectedActiveDate: 2024-04-26
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • Ratio Close Price By Original Li: 1.00000
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Range Hood, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Five Piece Bath, High Ceilings, Kitchen Island, Primary Suite
  • Flooring: Concrete, Laminate, Tile, Vinyl
  • Full Bathrooms: 1
  • Common Walls: 2+ Common Walls
  • Basement: No
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Roof: Membrane
  • Construction Materials: Concrete, Frame, Stone, Steel, Stucco
  • View: Water
  • Exterior Features: Balcony, Elevator, Gas Grill, Gas Valve, Lighting
  • Patio and Porch Features: Deck, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront Features: River Front

Garage/Parking

  • Parking Features: Heated Garage, Underground
  • Attached Garage: No
  • Total Parking Spaces: 2

Utilities

  • Utilities: Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room, Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit, Laundry Closet

Condo/Co-op/Association

  • HOA Fee Includes: Gas, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water
  • Association Name: Rivergate Lofts
  • Association Fee Frequency: Monthly
  • Association Fee: 493.09
  • Phone: 970.764.4254
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 5917.08
  • REC_AssociationFeeTotalAnnual: 5917.08
  • REC_AssociationManagementType: Professionally Managed
  • REC_AssociationStatusLetterPercentageOrFee: $300
  • REC_AssociationTransferAmount: $300

Schools

  • Middle Or Junior School: Escalante

Lot Info

  • Parcel Number: R427565
  • Building Area Total: 1404

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1001

MLS Schools

  • Elementary School: Park
  • High School: Durango

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2011
Sold by
Murphy Mark T
Bought by
Richard G Martin Revocable Trust
Current Estimated Value
$620,639

Purchase Details

Closed on
Aug 29, 2005
Sold by
Rivergate Loft Partners Llc
Bought by
Murphy Mark T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.78%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Richard G Martin Revocable Trust $340,000 Stewart Title
Murphy Mark T $444,000 Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murphy Mark T $359,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2024 06/24/24 Sold $620,000 0.0% $442 / Sq Ft
04/26/2024 04/26/24 For Sale $620,000 -- $442 / Sq Ft
Source: REcolorado®

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 $1,184 $38,780 -- $38,780
2024 $1,184 $38,780 -- $38,780
2023 $1,007 $28,740 $0 $28,740
2022 $1,001 $29,820 $0 $29,820
2021 $1,005 $25,320 $0 $25,320
2020 $1,246 $32,400 $0 $32,400
2019 $1,192 $32,400 $0 $32,400
2018 $1,007 $27,720 $0 $27,720
2017 $985 $27,720 $0 $27,720
2016 $904 $27,750 $0 $27,750
2015 $822 $27,750 $0 $27,750
2014 $822 $25,870 $0 $25,870
2013 -- $25,870 $0 $25,870
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: REcolorado®

MLS Number: 5732430

REcolorado®

APN: R427565

Your Personal Tour Guide

Ask me questions while you tour the home.