
860 & 856 E 4th Ave Durango, CO 81301
The Grid NeighborhoodHighlights
- Accessory Dwelling Unit (ADU)
- Solar Power System
- Victorian Architecture
- Park Elementary School Rated A-
- Wood Flooring
- 2 Car Attached Garage
About This Home
As of December 2024Charming Downtown Durango Property with Dual Income Potential Welcome to a rare opportunity in the heart of Downtown Durango! Situated just two blocks from Main Avenue, this unique property offers the ideal combination of prime location, income potential, and modern upgrades. Large lot featuring two separate residences, each currently generating rental income. Unit 1: A cozy, remodeled smaller home with a new solar energy system for eco-conscious living. Unit 2: A larger residence offering plenty of space and character, with tenants already in place. Income Potential: Whether you're an investor or looking to maximize your living situation, this property has endless possibilities. Live in one unit and enjoy rental income from the other. Both units are ready to generate immediate returns from long-term tenants or short-term rentals (subject to local regulations). Unbeatable Location: Just a 2-block walk from Main Avenue’s bustling restaurants, breweries, shops, and galleries, this location provides the perfect blend of urban convenience and small-town charm. With easy access to trails, parks, and local events, you'll experience the best of what Durango has to offer—all without needing a car! Don't miss this chance to own a versatile, income-producing property in one of Durango’s most desirable neighborhoods. Whether you're looking for a primary residence with rental income or a smart investment in the vibrant downtown market, this property checks all the boxes. Schedule a showing today and discover the possibilities!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,070
Year Built
- Built in 1896
Parking
- 2 Car Attached Garage
Home Design
- Victorian Architecture
- Composition Roof
- Metal Roof
- Stick Built Home
Interior Spaces
- 1,424 Sq Ft Home
- 2-Story Property
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Upstairs
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Park K-5 Elementary School
- Escalante 6-8 Middle School
- Durango 9-12 High School
Utilities
- Hot Water Baseboard Heater
- Internet Available
Additional Features
- Solar Power System
- Shed
- Lot Dimensions are 50 x 150
- Accessory Dwelling Unit (ADU)
Listing and Financial Details
- Assessor Parcel Number 566529224006
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Similar Homes in Durango, CO
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Special Warranty Deed | $1,260,000 | Land Title | |
Warranty Deed | $730,000 | Land Title | |
Warranty Deed | $625,000 | Colorado Title & Closing | |
Bargain Sale Deed | -- | None Available | |
Warranty Deed | $972,500 | Land Title Guarantee Company | |
Warranty Deed | $475,000 | Land Title Guarantee Company | |
Warranty Deed | $200,000 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $922,000 | Credit Line Revolving | |
Previous Owner | $468,750 | Adjustable Rate Mortgage/ARM | |
Previous Owner | $290,000 | Seller Take Back | |
Previous Owner | $25,000 | Future Advance Clause Open End Mortgage | |
Previous Owner | $18,000 | Unknown |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
12/06/2024 12/06/24 | Sold | $1,260,000 | +0.8% | $885 / Sq Ft |
10/17/2024 10/17/24 | Pending | -- | -- | -- |
10/14/2024 10/14/24 | For Sale | $1,250,000 | -- | $878 / Sq Ft |
Tax History Compared to Growth
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 | $2,434 | $60,390 | $13,400 | $46,990 |
2024 | $2,070 | $51,510 | $10,110 | $41,400 |
2023 | $2,070 | $54,720 | $10,740 | $43,980 |
2022 | $1,726 | $57,260 | $11,240 | $46,020 |
2021 | $1,734 | $43,680 | $9,680 | $34,000 |
2020 | $1,597 | $41,530 | $9,580 | $31,950 |
2019 | $0 | $41,530 | $9,580 | $31,950 |
2018 | $1,417 | $39,000 | $9,080 | $29,920 |
2017 | $1,385 | $39,000 | $9,080 | $29,920 |
2016 | $1,267 | $38,870 | $8,680 | $30,190 |
2015 | $1,187 | $38,870 | $8,680 | $30,190 |
2014 | -- | $34,160 | $8,340 | $25,820 |
2013 | -- | $34,160 | $8,340 | $25,820 |
Agents Affiliated with this Home
-
R
Seller's Agent in 2024
Ryan Poppe
RE/MAX
-
M
Seller Co-Listing Agent in 2024
Matt Hendricks
Zillow, Inc.
-
B
Buyer's Agent in 2024
Bill Schultz
Coldwell Banker Mountain Properties
Map
Source: Colorado Real Estate Network (CREN)
MLS Number: 818764

APN: R009642
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