Seller's Agent in 2020
Zane Wells
The Wells Group of Durango, LLC
(970) 317-1095
8 in this area
130 Total Sales
860 E 4th Ave Durango, CO 81301
The Grid NeighborhoodEstimated Value: $1,048,000 - $1,302,000
6
Beds
3
Baths
2,259
Sq Ft
$539/Sq Ft
Est. Value
Highlights
- Victorian Architecture
- Park Elementary School Rated A-
- 2 Car Detached Garage
About This Home
As of October 2020Located on the coveted Fourth Avenue in Downtown Durango. This property is comprised of two residences that are currently rented out as well as a detached two car garage for a total of $4,000 per month gross lease. The two homes total 6 bedrooms and 3 bedrooms respectfully and are situated on a 7,500 square foot lot. Virtually all of the homes on this block are owner occupied adding to the appeal of this superb in-town location. The homes are in good condition but are dated and have been rentals for some time. The property is a good candidate for continuing to rent the units and add to your investment portfolio. Other options include converting one home to your personal residence and rent out the smaller home or keep it all for yourself. It is being sold as is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,527
Year Built
- Built in 1896
Lot Details
- 7,492
Parking
- 2 Car Detached Garage
Home Design
- Victorian Architecture
- Stick Built Home
Interior Spaces
- 2,259 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
Schools
- Park K-5 Elementary School
- Miller 6-8 Middle School
- Durango 9-12 High School
Additional Features
- 7,492 Sq Ft Lot
- Accessory Dwelling Unit (ADU)
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 566529224006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 6, 2024
Sold by
Minard Evan
Bought by
Hamilton Mark
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$922,000
Outstanding Balance
$916,115
Interest Rate
6.54%
Mortgage Type
Credit Line Revolving
Estimated Equity
$287,894
Purchase Details
Listed on
Aug 11, 2020
Closed on
Oct 19, 2020
Sold by
Aguilar Joel
Bought by
Minard Evan
Seller's Agent
Zane Wells
The Wells Group of Durango, LLC
Buyer's Agent
Jeffry Brown
R1 Colorado
List Price
$750,000
Sold Price
$730,000
Premium/Discount to List
-$20,000
-2.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%
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 | |
| Minard Evan | $730,000 | 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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/19/2020 10/19/20 | Sold | $730,000 | -2.7% | $323 / Sq Ft |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- |
| 08/11/2020 08/11/20 | For Sale | $750,000 | -- | $332 / 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
-
Zane Wells
-
John Wells
Seller Co-Listing Agent in 2020
John Wells
The Wells Group of Durango, LLC
(970) 749-1440
16 in this area
150 Total Sales
-
Jeffry Brown
Buyer's Agent in 2020
Jeffry Brown
R1 Colorado
(970) 749-6655
1 in this area
24 Total Sales
Map
Source: Colorado Real Estate Network (CREN)
MLS Number: 773258
APN: R009642
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