$1,260,000
SOLD DEC 6, 2024
4 Beds
2 Baths
1,424 Sq Ft
1896 Built

Recently Sold

$885 Per Sq Ft

1% Above List Price

3 Days on Market

Highlights

  • 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 2024

Charming 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!

Last Agent to Sell the Property

Ryan Poppe

RE/MAX Pinnacle Listed on: 10/14/2024

RE/MAX Pinnacle

Co-Listed By

Matt Hendricks

Zillow, Inc.

Last Buyer's Agent

Bill Schultz

Coldwell Banker Mountain Properties

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,070

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Additional Living Quarters: Yes
  • Appliance Inclusions: Refrigerator, Washer, Dishwasher, Dryer
  • Class: RESIDENTIAL
  • Em Deposit: 20000
  • Em Holder: Title Company
  • Exterior Inclusions: Shed/Storage
  • Legal Lot Block: DURANGO, CITY OF Block: 54 Lot: 17 AND:- Lot: 18 DGO 860 E 4TH AVE DURANGO 81301
  • Lot Dimension: 50 X 150
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 566529224006
  • Price Per Sq Ft: 884.83
  • Real Estate Included: Yes
  • Realist Id: 5665-292-24-006
  • Residence Stories: Two Story
  • Residence Style: Victorian
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 884.83
  • Street Descriptionaccess: City/Town
  • Street Designation: Avenue
  • Tax Account Id: R009642
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Additional Living Type: ADU-Accessory Dwelling Unit
  • Internet Provider: Spectrum/Charter
  • Internet Service: Yes
  • Total Taxes Dollar: 2,070.28
  • Year Built: 1896
  • Foreign Owned Y N: No
  • Prop Description Remarks: Charming 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!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Bedrooms: 4
  • Flooring: Tile, Hardwood
  • Estimated Total Sq Ft: 1424
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 2
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0

Exterior Features

  • Construction Type: Wood Frame
  • Exterior Structures: Shed, Guest House
  • Roof: Composition, Metal

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Electric Supplier: La Plata Electric Association
  • Heating System: Hot Water Baseboard
  • Sewer Supplier: City of Durango
  • Water Supplier: City of Durango

Schools

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

Green Features

  • Green Power: Solar(Photovoltaic)

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

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2024
Closed on
Dec 6, 2024
Sold by
Minard Evan
Bought by
Hamilton Mark
Seller's Agent
Ryan Poppe
RE/MAX Pinnacle
Buyer's Agent
Bill Schultz
Coldwell Banker Mountain Properties
List Price
$1,250,000
Sold Price
$1,260,000
Premium/Discount to List
$10,000
0.8%
Views
10
Current Estimated Value
$1,179,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$80,322
Avg. Annual Appreciation
-6.75%
Original Mortgage
$922,000
Outstanding Balance
$916,115
Interest Rate
6.54%
Mortgage Type
Credit Line Revolving
Estimated Equity
$287,894

Purchase Details

Closed on
Oct 19, 2020
Sold by
Aguilar Joel
Bought by
Minard Evan

Purchase Details

Closed on
Oct 12, 2018
Sold by
Dgo Fourth Avenue Llc
Bought by
Aguilar Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 5, 2015
Sold by
Kogan Alix
Bought by
Dgo 4Th Avenue Llc

Purchase Details

Closed on
May 14, 2015
Sold by
Southwest Real Estate Llc
Bought by
Kogan Alix

Purchase Details

Closed on
May 31, 2012
Sold by
Reynolds Robert W and Reynolds Stacey L
Bought by
Southwest Minerals Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
3.93%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 28, 2003
Bought by
Dgo Fourth Avenue Llc
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 --
Source: Public Records

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
Source: Public Records

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
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 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 818764

Colorado Real Estate Network (CREN)

APN: R009642