561 E 3rd Ave Unit A Durango, CO 81301
So Co NeighborhoodEstimated Value: $1,072,635 - $1,480,000
3
Beds
3
Baths
2,546
Sq Ft
$479/Sq Ft
Est. Value
Highlights
- Fireplace in Bedroom
- Deck
- Wood Flooring
- Park Elementary School Rated A-
- Vaulted Ceiling
- Hydromassage or Jetted Bathtub
About This Home
As of June 2021Rare downtown opportunity on historic 3rd Ave. Beautiful Tracy Reynolds complete renovation, move-in ready (selling turn-key minus exclusions). Private and yet right in the heart of historic downtown Durango, this stand alone home (though considered a townhome by county records) is a true gem. The fenced front yard leads to a quaint brick front porch and once inside you will find fantastic high ceilings, an open floor plan, large windows, hardwood floors, exposed brick walls, gorgeous pocket doors, a gourmet kitchen with granite countertops, stainless appliances, and beautiful gas fireplace. There is also a spacious bedroom and 3/4 bath on the main level. As you enter the back of the home off the carport, you will find the mudroom just off the kitchen which provides plenty of space to keep all of your belongings neat and organized. Upstairs you will find the master suite featuring two walk-in closets, a large bath with laundry, jetted claw foot tub, and glass enclosed shower. The stunning travertine tile and granite counters with dual vanity create a light, inviting space. Off the master is a rooftop deck, perfect for enjoying the beautiful sunsets or coffee in the morning. The lower level includes a bedroom, full bath, den/theater and storage. There are lower ceilings in this area which works well as a comfortable guest space. This home has ample storage and also includes an additional space in the adjacent building, as well as a one-car carport and one parking space. There is also a large storage closet at the back of the home. The home has automated heating, cooling and security systems (not connected by current owners), making it simple to control the home remotely. The side yard has a hot tub pad and is fenced for privacy. This single family home was converted to a townhome as part of the 3 and C Lofts Development next door and could potentially make a wonderful vacation rental. HOA just $235/quarter. Utilities: LPEA $153 ($313/36), Atmos $58 ($150/$23), City of Durango (water/sewer/trash) High $380/Low $74* (See agent remarks re utility billing)
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,787
Year Built
- Built in 1888 | Remodeled in 2007
Lot Details
- 1,394 Sq Ft Lot
- Picket Fence
- Fenced Front Yard
- Privacy Fence
- Landscaped
- Sprinkler System
HOA Fees
- $78 Monthly HOA Fees
Parking
- 1 Carport Space
Home Design
- Brick Exterior Construction
- Architectural Shingle Roof
- Shingle Siding
Interior Spaces
- 2,546 Sq Ft Home
- 3-Story Property
- Wet Bar
- Partially Furnished
- Vaulted Ceiling
- Ceiling Fan
- Thermal Windows
- Window Treatments
- Mud Room
- Family Room
- Living Room with Fireplace
- Formal Dining Room
- 1 Home Office
- Finished Basement
- Crawl Space
- Home Security System
Kitchen
- Breakfast Bar
- Double Oven
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Bedroom
- Primary Bedroom Upstairs
- Walk-In Closet
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Eco-Friendly Details
- Energy-Efficient Thermostat
Outdoor Features
- Balcony
- Deck
- Covered patio or porch
Schools
- Park K-5 Elementary School
- Miller 6-8 Middle School
- Durango 9-12 High School
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Heating System Uses Natural Gas
- Gas Water Heater
- Internet Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 566529308018
Community Details
Overview
- Association fees include irrigation, landscaping, parking
- 3&C Development HOA
Pet Policy
- Dogs Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 15, 2020
Closed on
Jun 8, 2021
Sold by
Moore Scott Purse and Moore Molly S
Bought by
Pauly Mark and Pauly Laura
Seller's Agent
Kelly Kniffin
Legacy Properties West Sotheby's Int. Realty
Buyer's Agent
Christina Rinderle
Durango Land and Homes
List Price
$815,000
Sold Price
$820,000
Premium/Discount to List
$5,000
0.61%
Total Days on Market
129
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,409
Avg. Annual Appreciation
-8.92%
Original Mortgage
$656,000
Outstanding Balance
$600,939
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
-$31,939
Purchase Details
Closed on
Oct 11, 2018
Sold by
Reynolds Tracy L
Bought by
Moore Scott Purse and Moore Molly S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$582,250
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Oct 1, 2014
Sold by
3&C Llc
Bought by
Reynolds Tracy L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 12, 2011
Sold by
3&C Llc
Bought by
Reynolds Tracy L
Purchase Details
Closed on
Jan 8, 2008
Sold by
3 & C Llc
Bought by
Engle Chris and Engle Stacy E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 19, 2006
Sold by
Hermesman Family Partnership Lllp
Bought by
3& C Llc
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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 |
|---|---|---|---|
| Pauly Mark | $820,000 | Land Title Guarantee Co | |
| Moore Scott Purse | $685,000 | Land Title Guarantee Co | |
| Reynolds Tracy L | -- | None Available | |
| Engle Chris | $209,000 | Colorado Land Title Company | |
| 3& C Llc | $750,000 | Colorado Land Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pauly Mark | $656,000 | |
| Previous Owner | Moore Scott Purse | $582,250 | |
| Previous Owner | Reynolds Tracy L | $352,000 | |
| Previous Owner | 3 & C Llc | $1,950,000 | |
| Previous Owner | 3 & C Llc | $963,225 | |
| Previous Owner | Engle Chris | $156,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2021 06/10/21 | Sold | $820,000 | 0.0% | $322 / Sq Ft |
| 04/23/2021 04/23/21 | Pending | -- | -- | -- |
| 12/18/2020 12/18/20 | Off Market | $820,000 | -- | -- |
| 12/18/2020 12/18/20 | Pending | -- | -- | -- |
| 12/15/2020 12/15/20 | For Sale | $815,000 | -- | $320 / 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 | $2,418 | $60,150 | $10,830 | $49,320 |
| 2023 | $2,418 | $63,840 | $11,490 | $52,350 |
| 2022 | $2,022 | $66,220 | $11,920 | $54,300 |
| 2021 | $2,031 | $51,160 | $10,260 | $40,900 |
| 2020 | $1,868 | $48,590 | $10,120 | $38,470 |
| 2019 | $1,787 | $48,590 | $10,120 | $38,470 |
| 2018 | $1,377 | $37,900 | $4,660 | $33,240 |
| 2017 | $1,346 | $37,900 | $4,660 | $33,240 |
| 2016 | $1,085 | $33,300 | $5,010 | $28,290 |
| 2015 | $923 | $33,300 | $5,010 | $28,290 |
| 2014 | $923 | $29,040 | $4,810 | $24,230 |
| 2013 | -- | $29,040 | $4,810 | $24,230 |
Source: Public Records
Agents Affiliated with this Home
-
Kelly Kniffin
Seller's Agent in 2021
Kelly Kniffin
Legacy Properties West Sotheby's Int. Realty
(970) 749-3867
2 in this area
153 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: 777089
APN: R431231
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