Seller's Agent in 2024
Ryan Poppe
RE/MAX
(970) 759-5049
1 in this area
21 Total Sales
860 & 856 E 4th Ave Durango, CO 81301
The Grid NeighborhoodEstimated Value: $1,090,000 - $1,521,000
4
Beds
2
Baths
1,424
Sq Ft
$894/Sq Ft
Est. Value
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 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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,279
Avg. Annual Appreciation
1.00%
Original Mortgage
$922,000
Outstanding Balance
$912,651
Interest Rate
6.54%
Mortgage Type
Credit Line Revolving
Estimated Equity
$360,628
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hamilton Mark | $1,260,000 | Land Title | |
| Aguilar Joel | $625,000 | Colorado Title & Closing | |
| Dgo 4Th Avenue Llc | -- | None Available | |
| Kogan Alix | $972,500 | Land Title Guarantee Company | |
| Southwest Minerals Inc | $475,000 | Land Title Guarantee Company | |
| Dgo Fourth Avenue Llc | $200,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hamilton Mark | $922,000 | |
| Previous Owner | Aguilar Joel | $468,750 | |
| Previous Owner | Southwest Minerals Inc | $290,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
-
Ryan Poppe
-
Matt Hendricks
M
Seller Co-Listing Agent in 2024
Matt Hendricks
Zillow, Inc.
-
Bill Schultz
Buyer's Agent in 2024
Bill Schultz
Coldwell Banker Mountain Properties
(970) 749-6800
6 in this area
32 Total Sales
Map
Source: Colorado Real Estate Network (CREN)
MLS Number: 818764
APN: R009642
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.
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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