NOT LISTED FOR SALE

574 E 2nd Ave Durango, CO 81301

So Co Neighborhood
Studio
6 Baths
2,195 Sq Ft
1908 Built

Sale Details

Date Sold: July 31, 2024

Last sale price $795,400 $362 Per Sq Ft

285 Days on Market

Highlights

  • Victorian Architecture
  • Park Elementary School Rated A-
  • Carpet

About This Home

As of July 2024

This home is located at 574 E 2nd Ave, Durango, CO 81301 since 17 September 2023. This property was built in 1908. 574 E 2nd Ave is a home located in La Plata County with nearby schools including Park Elementary School, Escalante Middle School, and Durango High School.

Last Agent to Sell the Property

Todd Sieger

Coldwell Banker Mountain Properties Listed on: 09/17/2023

Coldwell Banker Mountain Properties

Last Buyer's Agent

Todd Sieger

Coldwell Banker Mountain Properties Listed on: 09/17/2023

Coldwell Banker Mountain Properties
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,428

Year Built

  • Built in 1908

Parking

  • On-Street Parking

Home Design

  • Victorian Architecture

Interior Spaces

  • 2-Story Property
  • Oven or Range

Flooring

  • Carpet
  • Linoleum

Schools

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

Listing and Financial Details

  • Tenant pays for electric, gas, water/sewer, trash
  • The owner pays for building insurance, real estate taxes, interior maintenance, ext maintenance (bldg), site maintenance (prop), common area maintenance, snow removal
  • Assessor Parcel Number 566529308001

Community Details

Overview

  • 6 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,428

Year Built

Built in 1908

Lot Details

0 Sq Ft Lot

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator
  • Class: Multifamily
  • Em Deposit: 20,000
  • Em Holder: Coldwell Banker
  • Legal Lot Block: Mountain View Addition, Block 22, Lot 14 and Lot 15, West 75' LOTS 14-15, Mountain View Addition
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 566529308001
  • Price Per Sq Ft: 362.37
  • Residence Stories: Two Story
  • Residence Style: Victorian
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 362.37
  • Street Descriptionaccess: City/Town
  • Street Designation: Avenue
  • Zoning: Residential Multi Family
  • Domestic Water Sewer: City Water
  • Heating Fuelsystem: Natural Gas
  • Landlord Pays: Building Insurance, Real Estate Taxes, Interior Maintenance, Ext Maintenance (Bldg), Site Maintenance (Prop), Common Area Maintenance, Snow Removal
  • Multi Story: Yes
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 1
  • Total Number Water Meters: 1
  • Type: Sixplex
  • Total Taxes Dollar: 1427.68
  • Year Built: 1908
  • Prop Description Remarks: All units are now rented at market value, making this an incredible investment opportunity in downtown Durango! This property is an incredibly rare find with six studio units just a block away from Main Avenue. There are very few residential units this close to Main Avenue, and rarely do properties like this come on the market. the units had been vastly under rented in the past as rents had not been increased in several years and were not reflective of the current market value, but the owner has spent the past several months increasing the rents as the units came vacant, and now all units are rented at market rate making this a very viable investment. Don't miss this opportunity to own a cash flowing property in an unbeatable location!
  • Subdv Name: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1074

Interior Features

  • Flooring: Carpet, Linoleum
  • Estimated Total Sq Ft: 2195
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 5
  • Total Bathrooms: 6
  • Main Level Sq Ft: 1267
  • Total Office Den: 0
  • Upper Level Sq Ft: 928

Garage/Parking

  • Parking: On Street

Utilities

  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Atmos Energy
  • Sewer Supplier: City of Durango
  • Water Supplier: City of Durango

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Tenant Pays: Electric, Gas, Water/Sewer, Trash
  • Furnished: Unfurnished

Multi Family

  • No. of Units: 6

Tax Info

  • Tax Year: 2021

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2023
Closed on
Jul 31, 2024
Sold by
Bought by
Seller's Agent
Todd Sieger
Coldwell Banker Mountain Properties
Buyer's Agent
Todd Sieger
Coldwell Banker Mountain Properties
List Price
$819,900
Sold Price
$795,400
Premium/Discount to List
-$24,500
-2.99%
Views
146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
6.87%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in So Co, CO

  • Kim Cofman Real Estate Agent - Legacy Properties West Sotheby's Int. Realty

    Kim Cofman

    Responds Quickly

    Legacy Properties West Sotheby's Int. Realty

    (970) 508-8502

    66 Total Sales

    1 in So Co

    $1,200,000 Price

    Kim Cofman
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  • Taylor Leeder Real Estate Agent - R1 Colorado

    Taylor Leeder

    Responds Quickly

    R1 Colorado

    (970) 426-0280

    38 Total Sales

    1 in So Co

    $496,000 Price

    Taylor Leeder
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  • Cinnamon Kasnoff Real Estate Agent - Berkshire Hathaway HomeServices Colorado Properties

    Cinnamon Kasnoff

    Berkshire Hathaway HomeServices Colorado Properties

    (970) 508-8153

    36 Total Sales

    1 in So Co

    $520,000 Price

    Cinnamon Kasnoff
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  • Jessica Low Real Estate Agent - EXIT Realty Home & Ranch

    Jessica Low

    EXIT Realty Home & Ranch

    (970) 508-8970

    55 Total Sales

    2 in So Co

    $678K - $710K Price Range

    Jessica Low
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  • Dan Korman Real Estate Agent - Alpenglow Properties LLC

    Dan Korman

    Responds Quickly

    Alpenglow Properties LLC

    (970) 459-5775

    76 Total Sales

    6 in So Co

    $230K - $845K Price Range

    Dan Korman
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  • Katri Annast Real Estate Agent - RE/MAX Pinnacle

    Katri Annast

    Responds Quickly

    RE/MAX Pinnacle

    (970) 459-5635

    201 Total Sales

    1 in So Co

    $537,500 Price

    Katri Annast
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$795,400 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $445,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/31/2024 07/31/24 Sold $795,400 0.0% $362 / Sq Ft
07/01/2024 07/01/24 Off Market $795,400 -- --
06/28/2024 06/28/24 Pending -- -- --
09/17/2023 09/17/23 For Sale $819,900 -- $374 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,775 $32,820 $11,400 $21,420
2025 $1,775 $33,520 $11,640 $21,880
2024 $1,299 $32,310 $11,200 $21,110
2023 $1,299 $35,320 $12,240 $23,080
2022 $1,391 $36,530 $12,660 $23,870
2021 $1,428 $35,970 $10,740 $25,230
2020 $1,351 $35,130 $10,740 $24,390
2019 $1,292 $35,130 $10,740 $24,390
2018 $1,289 $35,490 $10,810 $24,680
2017 $1,260 $35,490 $10,810 $24,680
2016 $1,231 $37,770 $11,370 $26,400
2015 $1,153 $37,770 $11,370 $26,400
2014 -- $30,530 $10,930 $19,600
2013 -- $30,530 $10,930 $19,600
Source: Public Records

Agents Affiliated with this Home

  • Todd Sieger Real Estate Agent - Coldwell Banker Mountain Properties

    Seller's Agent in 2024

    Todd Sieger

    Coldwell Banker Mountain Properties

    (970) 749-5083

    5 in this area

    90 Total Sales

    Todd Sieger
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 808016

Colorado Real Estate Network (CREN)
Colorado La Plata County Durango 81301 So Co

574 E 2nd Ave, Durango, CO

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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