NOT LISTED FOR SALE

725 E College Dr Unit 2 Durango, CO 81301

The Grid Neighborhood

Estimated Value: $397,000 - $426,000

1 Bed
1.5 Baths
712 Sq Ft
2005 Built

Sale Details

Date Sold: September 6, 2023

Last sale price $398,500 $560 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,612 / mo

4 Days on Market

Highlights

  • 1 Car Detached Garage
  • Tile Flooring
  • Dogs Allowed
  • Forced Air Heating and Cooling System
  • Property is near golf course

About This Home

As of September 2023

Fantastic and affordable opportunity to own a prime downtown Durango residence! And for the "owner occupant" there is the opportunity to VRBO this unit. This contemporary loft unit features an open floor plan, a half bath for your guests, tongue and groove ceilings plenty of wood detail, stainless steel appliances and industrial lighting. Air conditioning is a big upgrade in this property! Enjoy cool mornings and the evening sunsets off the west facing deck. This loft offers an oversized and naturally well lit Primary Suite complete with large walk-in closet, stackable washer/dryer, and a roomy full bath with plenty of counter space. This unfurnished residence includes one covered parking space plus plenty of overflow parking. Relish coming home at the end of your day to this hip, professional complex just blocks from downtown, the college, the river/river trail, coffee shops, a natural food store, and hiking trails. For the investor or someone looking for a part time Durango residence, these units rent quickly and for top dollar due to quality of floor plan/finishes, availability of parking, and the location. Perfect for long term renters or a monthly furnished rental. HOAs are a low $215 per month, and that includes water/sewer/trash. With only 10 residences, these units rarely hit the market and when they do, they go quickly. Don't miss this opportunity to buy low so close to the best things Durango has to offer.

Last Agent to Sell the Property

Judi Mora

RE/MAX Pinnacle Listed on: 08/04/2023

RE/MAX Pinnacle

Last Buyer's Agent

Judi Mora

RE/MAX Pinnacle Listed on: 08/04/2023

RE/MAX Pinnacle

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $441

Year Built

  • Built in 2005

HOA Fees

  • $215 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Interior Spaces

  • 712 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Location

  • Property is near golf course

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 566529405030

Community Details

Overview

  • Association fees include building maintenance, landscaping, sewer, trash, water, snow removal
  • College Drive Lofts HOA
  • City Of Durango Subdivision

Pet Policy

  • Dogs Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$441

Year Built

Built in 2005

Lot Details

0 Sq Ft Lot

HOA Fees

$215 per month

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave
  • Class: RESIDENTIAL
  • Em Deposit: 5000
  • Em Holder: Land Title
  • Legal Lot Block: COLLEGE DRIVE LOFTS CONDOS Unit: 8 DESC: COLLEGE DRIVE LOFTS CONDO FINAL PL 725 E COLLEGE DR #8 DURANGO 81301
  • Parcel Id Number: 566529405030
  • Price Per Sq Ft: 559.69
  • Property Description: Golf Course Near
  • Real Estate Included: Yes
  • Residence Stories: Two Story
  • Residence Style: Loft
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 559.69
  • Street Descriptionaccess: City/Town
  • Street Designation: Drive
  • Tax Account Id: R428657
  • Zoning: Residential Single Family
  • Type: Condo
  • Hoa Dogs Allowed: Yes
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: Charter Spectrum
  • Internet Service: Yes
  • Total Taxes Dollar: 441
  • Year Built: 2005
  • Foreign Owned Y N: No
  • Prop Description Remarks: Fantastic and affordable opportunity to own a prime downtown Durango residence! And for the "owner occupant" there is the opportunity to VRBO this unit. This contemporary loft unit features an open floor plan, a half bath for your guests, tongue and groove ceilings plenty of wood detail, stainless steel appliances and industrial lighting. Air conditioning is a big upgrade in this property! Enjoy cool mornings and the evening sunsets off the west facing deck. This loft offers an oversized and naturally well lit Primary Suite complete with large walk-in closet, stackable washer/dryer, and a roomy full bath with plenty of counter space. This unfurnished residence includes one covered parking space plus plenty of overflow parking. Relish coming home at the end of your day to this hip, professional complex just blocks from downtown, the college, the river/river trail, coffee shops, a natural food store, and hiking trails. For the investor or someone looking for a part time Durango residence, these units rent quickly and for top dollar due to quality of floor plan/finishes, availability of parking, and the location. Perfect for long term renters or a monthly furnished rental. HOAs are a low $215 per month, and that includes water/sewer/trash. With only 10 residences, these units rarely hit the market and when they do, they go quickly. Don't miss this opportunity to buy low so close to the best things Durango has to offer.
  • Subdv Name: City of Durango
  • Unit Suite Number: 2
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 19

Interior Features

  • Bedrooms: 1
  • Flooring: Carpet-Partial, Tile
  • Estimated Total Sq Ft: 712
  • Bathrooms Description: Full and half
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 2
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 1

Utilities

  • Cooling: Forced Air
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Atmos Energy
  • Heating System: Forced Air
  • Sewer Supplier: City of Durango
  • Water Supplier: City of Durango

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Building Maintenance, Landscaping, Sewer, Trash, Water, Snow Removal
  • Hoametro Fees: 215
  • HOA Metro Fees Frequency: Monthly
  • Hoa Name: College Drive Lofts

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Park K-5
  • Middle School: Escalante 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
Aug 4, 2023
Closed on
Sep 6, 2023
Sold by
Bought by
Seller's Agent
Judi Mora
RE/MAX Pinnacle
Buyer's Agent
Judi Mora
RE/MAX Pinnacle
List Price
$399,500
Sold Price
$398,500
Premium/Discount to List
-$1,000
-0.25%
Views
31
Current Estimated Value
$415,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,046
Avg. Annual Appreciation
1.45%

Purchase Details

Closed on
May 27, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 5, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 20, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,500
Interest Rate
6.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2006
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in The Grid, CO

  • Dasha Greidanus Real Estate Agent - Berkshire Hathaway HomeServices Colorado Properties

    Dasha Greidanus

    Berkshire Hathaway HomeServices Colorado Properties

    (970) 426-0680

    72 Total Sales

    1 in The Grid

    $2,075,000 Price

    Dasha Greidanus
     Section Image
  • Kimberly Brown Real Estate Agent - Galles Properties

    Kimberly Brown

    Galles Properties

    (970) 508-8579

    141 Total Sales

    1 in The Grid

    $400,000 Price

    Kimberly Brown
     Section Image
  • 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

    2 in The Grid

    $703K - $965K Price Range

    Kim Cofman
     Section Image
  • Jessica Low Real Estate Agent - EXIT Realty Home & Ranch

    Jessica Low

    EXIT Realty Home & Ranch

    (970) 508-8970

    55 Total Sales

    2 in The Grid

    $200K - $1.4M Price Range

    Jessica Low
     Section Image
  • Katri Annast Real Estate Agent - RE/MAX Pinnacle

    Katri Annast

    Responds Quickly

    RE/MAX Pinnacle

    (970) 459-5635

    201 Total Sales

    4 in The Grid

    $36K - $895K Price Range

    Katri Annast
     Section Image
  • Dan Korman Real Estate Agent - Alpenglow Properties LLC

    Dan Korman

    Responds Quickly

    Alpenglow Properties LLC

    (970) 459-5775

    76 Total Sales

    4 in The Grid

    $490K - $2.2M Price Range

    Dan Korman
     Section Image
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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
$398,500 Land Title Guarantee
$218,611 Land Title Group
$164,300 Stewart Title
$234,500 Colorado Land Title Co
$595,289 Colorado Land Title Co
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 $169,000
Previous Owner $210,500
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
09/06/2023 09/06/23 Sold $398,500 -0.3% $560 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $399,500 -- $561 / 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 $1,311 $24,240 $24,240
2025 $883 $24,750 $24,750
2024 $751 $18,680 $18,680
2023 $751 $21,570 $0 $21,570
2022 $727 $23,200 $0 $23,200
2021 $731 $18,410 $0 $18,410
2020 $613 $15,940 $0 $15,940
2019 $586 $15,940 $0 $15,940
2018 $549 $15,110 $0 $15,110
2017 $537 $15,110 $0 $15,110
2016 $494 $15,160 $0 $15,160
2015 $443 $15,160 $0 $15,160
2014 $443 $13,940 $0 $13,940
2013 -- $13,940 $0 $13,940
Source: Public Records

Agents Affiliated with this Home

  • Judi Mora Real Estate Agent - RE/MAX

    Seller's Agent in 2023

    Judi Mora

    RE/MAX

    (970) 799-1870

    7 in this area

    63 Total Sales

    Judi Mora
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 806664

Colorado Real Estate Network (CREN)

APN: R428657

Colorado La Plata County Durango 81301 The Grid

725 E College Dr Unit 2, 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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