NOT LISTED FOR SALE

699 Hermosa Meadows Rd Durango, CO 81301

Estimated Value: $1,322,512 - $1,668,000

0.1 Acre
$14,811,280 Price per Acre
4,356 Sq Ft Lot

Last Sold December 28, 2020

Last sale price $165,000

Est. 798% increase in value since last sale

Current estimated payment $8,183/month

Highlights

  • Home fronts a pond
  • Lake View
  • Property is near a golf course
  • Durango High School Rated A-
  • Open Space
  • Level Lot

About This Lot

As of December 2020

What a beautiful place to live! The Cove, just north of Dalton Ranch in Durango, is an exquisite small subdivision of only 42 lots, with private Animas River frontage. In fact, the open space enjoyed by the homeowners here includes 11 acres of a lush park with ponds on one side of the river and 24 acres on the other side of the river, ensuring no future building will happen across the water. Giant cottonwoods, up to 150’ tall, grace the subdivision and you’ll enjoy the water rights which come with the annual HOA dues of only $500, allowing for lush lawns, gardening efforts and water features. Far enough off of Hwy 550 precludes any road noise, and PJ’s Gourmet Market, True Value Hardware and the Dalton Restaurant, golf, tennis, swim and workout facilities are right down the street. Just a ten minute drive up from town, and 15 minutes on up takes you to world class skiing at Purgatory. The ideal area for the active, outdoor enthusiast; you can walk over to the river for fishing, paddle boarding and other river sports! This lot, #25, backs directly to the lovely 11 acre park (maintained by the HOA) and pond - and can accommodate a single or two story home with fabulous views out the back. Minimum home size requirement of 1600 sf, with maximum of 2540 sf - variances can be granted allowing up to 2800 sf. Central gas, water and electric to each lot line. The low HOA fees cover park and open space maintenance, exterior water rights, snowplowing and road maintenance. Seller will entertain financing with a minimum 30% down. Secure your spot in this beautiful area today!

Last Agent to Sell the Property

Linda Buzzalini

Linda Buzzalini, Independent Broker Listed on: 06/02/2020

Last Buyer's Agent

Olivia Barrett

RE/MAX Pinnacle

RE/MAX Pinnacle

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,527

Lot Details

  • 4,356 Sq Ft Lot
  • Home fronts a pond
  • Open Space
  • Level Lot

HOA Fees

  • $42 Monthly HOA Fees

Property Views

  • Lake
  • Creek or Stream
  • Mountain
  • Valley

Location

  • Property is near a golf course

Schools

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

Utilities

  • Irrigation Water Rights
  • Sewer Tap Fee
  • Internet Available
  • Phone Available

Community Details

  • Association fees include irrigation, landscaping, road maintenance, snow removal
  • Cove HOA

Listing and Financial Details

  • Security Deposit $7,500
  • Assessor Parcel Number 559710419025

Property Details

Property Type

Land

Est. Annual Taxes

$1,527

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Class: Land
  • Em Holder: Land Title Guarantee
  • Fronts: backs to park, then river
  • Legal Lot Block: Subdivision: THE COVE Lot: 25 PROJ 2003-0087
  • Lot Dimension: 60' x 62' +/-
  • Lot Size Acreage: 0-.25 Acres
  • Parcel Id Number: 559710419025
  • Property Description: Golf Course Near, Adj To Open Space
  • Street Descriptionaccess: Paved, Private Winter Maintenanc
  • Street Designation: Road
  • Tax Account Id: R425995
  • Waterfront Type: Pond
  • Zoning: Residential Single Family
  • HOA Fee Frequency: Annually
  • Domestic Sewer: Sewer Tap Paid
  • Domestic Water: Public, Tap Available
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Irrigation Acres: 0.1
  • Estimated Total Acres: 0.1
  • Current Property Use: Residential Single Family
  • Em Deposit: 7500
  • Possible Property Use: Residential Single Family
  • Water Rights Irrigation: Yes
  • Irrigation Systemrights: Owned
  • Irr Water Descamnt: landscape
  • Price Acre: 1750000
  • Topography: Level
  • Price per Sq Ft: 40.17
  • Sewer Paid: Yes
  • Sewer Tap Avail: Yes
  • Sold Priceacre: 1650000
  • Water Tap Available: Yes
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Total Taxes Dollar: 1,526.76
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Views: Mountains, Valley, Stream/River, Lake/Pond/Reservoir

Utilities

  • Utilities: Electricity, Phone, Natural Gas, Internet
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Atmos Energy
  • Irrigation Water District: herm cr/animas river
  • Water Supplier: Animas Water Company

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Irrigation, Landscaping, Road Maintenance, Snow Removal
  • Hoametro Fees: $500
  • Hoa Name: Cove HOA

Schools

  • Elementary School: Animas Valley K-5
  • Middle School: Miller 6-8
  • High School: Durango 9-12
  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2020

MLS Schools

  • Elementary School: Animas Valley K-5
  • Middle School: Miller 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Dec 28, 2020
Sold by
Durango 7 Llc
Bought by
Benjamin Carol
Seller's Agent
Linda Buzzalini
Linda Buzzalini, Independent Broker
Buyer's Agent
Olivia Barrett
RE/MAX Pinnacle
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%
Current Estimated Value
$1,481,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,316,128
Avg. Annual Appreciation
59.90%

Purchase Details

Listed on
Jun 2, 2020
Closed on
Dec 23, 2020
Sold by
Durango 7 Llc
Bought by
Benjamin Card
Seller's Agent
Linda Buzzalini
Linda Buzzalini, Independent Broker
Buyer's Agent
Olivia Barrett
RE/MAX Pinnacle
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%

Purchase Details

Closed on
Mar 1, 2011
Sold by
Summit Financial Corporation
Bought by
Durango 7 Llc

Purchase Details

Closed on
Dec 19, 2003
Bought by
Durango 7 Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Benjamin Carol $165,000 Capital Title
Benjamin Card $165,000 None Listed On Document
Durango 7 Llc -- None Available
Durango 7 Llc $650,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2020 12/28/20 Sold $165,000 -5.7% --
12/05/2020 12/05/20 Pending -- -- --
06/02/2020 06/02/20 For Sale $175,000 -- --
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 $3,472 $74,520 $16,830 $57,690
2024 $2,987 $68,840 $12,780 $56,060
2023 $2,987 $72,210 $13,400 $58,810
2022 $1,125 $75,230 $13,960 $61,270
2021 $1,331 $31,030 $31,030 $0
2020 $1,591 $38,200 $38,200 $0
2019 $0 $36,200 $36,200 $0
2018 $597 $15,120 $15,120 $0
2017 $567 $14,650 $14,650 $0
2016 $385 $10,750 $10,750 $0
2015 $351 $10,430 $10,430 $0
2014 $351 $10,050 $10,050 $0
2013 -- $10,050 $10,050 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 770190

Colorado Real Estate Network (CREN)

APN: R425995