589 High Llama Ln Durango, CO 81301
Estimated payment $12,654/month
Highlights
- 14.7 Acre Lot
- Mountain View
- Lot Has A Rolling Slope
- Durango High School Rated A-
About This Lot
14.7 acres in the path of development at the edge of Durango City limits. No HOA & No Covenants. City of Durango will require annexation for this land that is zoned medium density residential and approved for up to 12 units per acre. With the average price of a home in Durango now running over $900K, there's plenty of profit margin here for a developer. Central water and sewer are located just to the south at the corner of High Llama Lane and Wilson Gulch Road. Adjoining 10.27 acres to the south can be purchased with this property at a package price of $3.6M. No value give to the improvements. Annual taxes are only $1,001.56.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,002
Year Built
- 1905
Lot Details
- 14.7 Acre Lot
- Lot Has A Rolling Slope
- Property is zoned Residential Multi Family
Property Views
- Mountain
- Valley
Schools
- Florida Mesa K-5 Elementary School
- Escalante 6-8 Middle School
- Durango 9-12 High School
Utilities
- Well
Listing and Financial Details
- Security Deposit $50,000
- Assessor Parcel Number 566903100017
Map
Home Values in the Area
Average Home Value in this Area
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 | $718 | $23,630 | $16,130 | $7,500 |
| 2023 | $718 | $27,320 | $18,640 | $8,680 |
| 2022 | $624 | $28,340 | $19,340 | $9,000 |
| 2021 | $628 | $22,140 | $15,380 | $6,760 |
| 2020 | $603 | $21,980 | $15,180 | $6,800 |
| 2019 | $578 | $21,980 | $15,180 | $6,800 |
| 2018 | $502 | $20,100 | $13,290 | $6,810 |
| 2017 | $493 | $20,120 | $15,610 | $4,510 |
| 2016 | $463 | $21,110 | $16,420 | $4,690 |
| 2015 | $436 | $21,110 | $16,420 | $4,690 |
| 2014 | -- | $20,350 | $16,420 | $3,930 |
| 2013 | -- | $20,350 | $16,420 | $3,930 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/05/2024 11/05/24 | For Sale | $2,250,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Bargain Sale Deed | -- | None Available | |
| Warranty Deed | $152,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $164,000 | New Conventional | |
| Previous Owner | $164,000 | New Conventional | |
| Previous Owner | $30,000 | Credit Line Revolving | |
| Previous Owner | $160,000 | New Conventional | |
| Previous Owner | $25,000 | Credit Line Revolving | |
| Previous Owner | $135,400 | New Conventional |
Source: Colorado Real Estate Network (CREN)
MLS Number: 819207
APN: R017028
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