NOT LISTED FOR SALE

8493 Falls Creek Main Durango, CO 81301

Estimated Value: $1,192,579 - $1,406,000

3 Beds
3.5 Baths
3,489 Sq Ft
$375/Sq Ft Est. Value

Last Sold November 09, 2020

Last sale price $787,050 $226 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $7,411/month

Highlights

  • Accessory Dwelling Unit (ADU)
  • Spa
  • Deck
  • Durango High School Rated A-
  • Mountain View
  • Wood Burning Stove

About This Home

As of November 2020

You will never want to leave this mountain contemporary 3 BR home and guest cabin located in the coveted Falls Creek Ranch neighborhood with excellent internet. Surrounded by 170,000 acres of National Forest, you can walk out the door of this charming home and hike, mountain bike, or horseback ride, then head to the community lake for an afternoon swim or cold beverage on the beach. This home is loaded with personality and classic craftsmanship with 3439 SF of living space in the main 3 BR home and an adorable detached guest cottage with carport. The home is nestled among Aspen, Oak, and Ponderosa trees with meandering walkways lined by native plants. Graceful outdoor decks, patios, hot tub set into boulders and gazebo allow you to take full advantage of the mountain setting with dramatic red cliff, forest and mountain views. The interior is crafted with tongue and groove ceilings, rustic wood beams and stained glass accents. The warm and welcoming living spaces are gracefully complemented by 2 wood burning cast iron stoves imported from France. This inviting family home features a spacious farmhouse kitchen with a large island and plenty of room for several cooks - granite countertops, Maple cabinetry, abundant windows with views of the gardens, Sub Zero fridge, Jenn Air cooktop, brand new stainless oven and dishwasher, and a bank of 6' glass-fronted cabinets for storage. A sunroom and breakfast nook off the kitchen both lead to covered outdoor patio so you can enjoy entertaining or al fresco dining any season. The elegant great room is a perfect gathering space with vaulted ceiling and west facing patio for sunset yoga. Dining room, 2 main floor bedrooms, ample storage closets and a full bath complete the main floor. Upstairs, there is a formal library with built in bookcases leading to a generous sized study/sitting room and private view deck; perfect for home office, media room, school studies or a 6th bedroom. A 3rd bedroom, updated laundry room and 4th bedroom (currently used as home office) with sleeping loft and a master suite round out the top floor. The master bathroom has a shower, soaking tub, and His & Her vanities. Air conditioning and humidifier were added to this light-filled home in 2019. Attached 2 car garage has a storage loft and workshop in the back which is great for projects. The "wee cabin" has a large room and 1/2 bath plus a 9' high carport for extra vehicles. Only 15 minutes into town, yet private and secluded with plenty of wildlife to enjoy, Falls Creek Ranch offers 840 acres of common land, a private lake for fishing, swimming, boating, a tennis court, horse corral, community garden and lots of trails into the surrounding San Juan National Forest. Located about 9 scenic miles North of Durango through a breathtaking hidden valley of National Forest Land. Aligntech internet is 5 MBps down and 2 MB/s up stream. Fast enough to stream movies on several devices. There are three legal bedrooms and a 3 BR septic permit. Two additional 2 bonus rooms are being used for bedrooms but do not have proper sized egress windows.

Last Agent to Sell the Property

Katie Sturm

Legacy Properties West Sotheby's Int. Realty Listed on: 09/11/2020

Legacy Properties West Sotheby's Int. Realty

Last Buyer's Agent

Katie Sturm

Legacy Properties West Sotheby's Int. Realty Listed on: 09/11/2020

Legacy Properties West Sotheby's Int. Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,020

Year Built

  • Built in 1980 | Remodeled in 2019

Lot Details

  • 1 Acre Lot
  • Adjacent to Greenbelt
  • Open Space
  • Cul-De-Sac
  • Kennel or Dog Run
  • Landscaped
  • Sprinkler System

HOA Fees

  • $250 Monthly HOA Fees

Property Views

  • Mountain
  • Valley

Home Design

  • Contemporary Architecture
  • Cabin
  • Raised Foundation
  • Metal Roof
  • Stick Built Home
  • Stucco

Interior Spaces

  • 3,489 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Stove
  • Double Pane Windows
  • Window Treatments
  • Great Room
  • Family Room
  • Combination Kitchen and Dining Room
  • Den with Fireplace
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • 1 Carport Space
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Spa
  • Deck
  • Covered Patio or Porch
  • Separate Outdoor Workshop

Schools

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

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heating System Uses Wood
  • Heating System Powered By Owned Propane
  • Heating System Uses Propane
  • Gas Water Heater
  • Engineered Septic
  • Septic Tank
  • Internet Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Energy-Efficient Exposure or Shade
  • Accessory Dwelling Unit (ADU)

Listing and Financial Details

  • Assessor Parcel Number 559709301011

Community Details

Overview

  • Association fees include trash, water, snow removal, fishing rights, stable(s), management, road maintenance, common area taxes
  • Falls Creek Ranch HOA
  • Foothills

Recreation

  • Tennis Courts
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,020

Year Built

Built in 1980 | Remodeled in 2019

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Additional Living Quarters: Yes
  • Appliance Inclusions: Range Top, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Exhaust Fan, Oven-Wall
  • Estimated Total Acres: 1
  • Class: RESIDENTIAL
  • Common Facilities: Tennis Courts, Park
  • Elevation: 7540
  • Em Deposit: 15,000
  • Em Holder: Land Title Guarantee
  • Exterior Inclusions: Landscaping, Patio, Deck, Hot Tub, Lawn Sprinklers, Covered Porch
  • Interior Inclusions: Wood Stove, Window Coverings, Wired/Cable TV, W/D Hookup, Vaulted Ceiling, Granite Counters, Guest Quarters, Walk In Closet, Hot Tub, Garage Door Opener, Air Lock Entry, Heated Garage
  • Legal Lot Block: Subdivision: FALLS CREEK I,II,III Block: 0 Lot: 90 1986 AMENDED PLAT 8493 FALLS CREEK MAIN DURANGO 81301
  • List Price per Sq Ft: 227.86
  • Lot Dimension: 1
  • Lot Size Acreage: 1-1.99
  • Parcel Id Number: 559709301011
  • Price Per Sq Ft: 225.58
  • Property Attached: Yes
  • Property Description: Foothills, Adj to Greenbelt, Cul-de-sac, Adj to Open Space
  • Real Estate Included: Yes
  • Realist Id: 5597-093-01-011
  • Residence Stories: Two Story
  • Residence Style: Contemporary
  • Sale/Rent: For Sale
  • Siding: Stucco
  • Sold Price Sq Ft: 225.58
  • Street Descriptionaccess: Private, Gravel, 150'+ Frontage, Private Winter Maintenanc
  • Tax Account Id: R005090
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Additional Living Type: Cabin
  • HOA Fees: Yes
  • Internet Provider: AlignTec
  • Internet Service: Yes
  • Total Taxes Dollar: 2020.04
  • Year Built: 1980
  • Year Renovated: 2019
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Dining Room: Kitchen/Dining, Eat-in Kitchen
  • Bedrooms: 3
  • Flooring: Hardwood, Tile
  • Estimated Total Sq Ft: 3489
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 4
  • Family Room: Yes
  • Fireplace Location Type: Den/Family Room, Woodstove
  • Foundation: Stemwall, Crawl Space
  • Great Room: Yes
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0

Exterior Features

  • Windows: Double Pane
  • Construction Type: Wood Frame
  • Exterior Structures: Guest House, Workshop, Dog Kennel
  • Roof: Metal
  • Views: Mountains, Valley

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Carport: Yes
  • Carport Spaces: 1
  • Garage Capacity: 2

Utilities

  • Utilities: Propane-Tank Owned, Internet, Phone - Cell Reception, Phone - Landline
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Propane
  • Heating System: Forced Air, Wood Stove
  • Sewer Supplier: Septic
  • Water Heater: Gas Water Heater
  • Water Supplier: Community Well

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Trash, Water, Snow Removal, Fishing Rights, Stable(s), Management, Road Maintenance, Common Area Taxes
  • Hoametro Fees: 3000
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Falls Creek Ranch

Schools

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

Green Features

  • Green Efficient: Exposure/Shade

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2021
Sold by
Frankfather Vidrik
Bought by
Frankfather Dwight L and Peterson Karen F
Current Estimated Value
$1,306,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,000
Outstanding Balance
$571,474
Interest Rate
2.35%
Mortgage Type
New Conventional
Estimated Equity
$735,421

Purchase Details

Listed on
Sep 11, 2020
Closed on
Nov 9, 2020
Sold by
Cv Wells Trust
Bought by
Frankfather Dwith L and Peterson Karen F
Seller's Agent
Katie Sturm
Legacy Properties West Sotheby's Int. Realty
Buyer's Agent
Katie Sturm
Legacy Properties West Sotheby's Int. Realty
List Price
$795,000
Sold Price
$787,050
Premium/Discount to List
-$7,950
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.77%
Original Mortgage
$629,640
Interest Rate
2.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2015
Sold by
Ruggera Gary C
Bought by
C V Wells Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Frankfather Dwight L -- Land Title Guarantee Company
Frankfather Dwith L $787,050 Land Title Guarantee Co
C V Wells Trust $584,000 Colorado Title & Closing Ser
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frankfather Dwight L $628,000
Closed Frankfather Dwith L $629,640
Previous Owner C V Wells Trust $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2020 11/09/20 Sold $787,050 -1.0% $226 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $795,000 -- $228 / Sq Ft
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 $3,040 $70,150 $17,560 $52,590
2024 $2,612 $60,710 $15,540 $45,170
2023 $2,612 $64,010 $16,390 $47,620
2022 $2,265 $52,080 $13,900 $38,180
2021 $2,279 $53,580 $14,300 $39,280
2020 $2,105 $50,970 $13,280 $37,690
2019 $2,020 $50,970 $13,280 $37,690
2018 $1,866 $47,640 $15,200 $32,440
2017 $1,828 $47,640 $15,200 $32,440
2016 $1,791 $50,500 $16,430 $34,070
2015 $1,710 $51,190 $16,430 $34,760
2014 $1,580 $45,610 $15,040 $30,570
2013 -- $45,610 $15,040 $30,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 774468

Colorado Real Estate Network (CREN)

APN: R005090