NOT LISTED FOR SALE

862 Rainbow Rd Durango, CO 81303

Estimated Value: $574,000 - $700,366

3 Beds
2 Baths
1,660 Sq Ft
$394/Sq Ft Est. Value

Last Sold July 09, 2024

Last sale price $637,500 $384 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,534/month

16 Days on Market

Highlights

  • 15 Acre Lot
  • Creek or Stream View
  • Wood Burning Stove
  • Durango High School Rated A-
  • Deck
  • Contemporary Architecture

About This Home

As of July 2024

Perched above the Animas River valley just minutes from downtown Durango, this 15 acre property is the Colorado homestead you’ve been dreaming of. The home is a charming 3 bed 2 bath home that encompasses 1660 SqFt across two levels with tons of recent updates. Sitting just up the hill from the valley bottom, the home is entered from a covered porch and deck that wraps around to the back yard. The porch has new pro-panel roofing and custom railing, giving you the perfect spot to enjoy the amazing western views and colorful sunsets that SW Colorado is known for. Once entering, you walk into the great room of the home which combines the living room, kitchen and dining area into one functional space. The kitchen has been completely renovated with custom countertops and open shelving in addition to brand new stainless steel appliances and a large island. The high ceilings and multiple windows create a bright and inviting space that is kept toasty in the winter by the wood burning stove, in addition to the in-floor heat. Just down the hall from the great room you find a full bath that has recent updates along with two bedrooms and the laundry area which has new stainless units on the main level. Beyond this space are the stairs to the upper level, at the top of the landing is an awesome office space with western facing windows that provide tons of sunlight and views out over the river valley making it the perfect work from home spot. Down the hall from the office you find the primary suite complete with more western facing windows, a large walk in closet and full bath. Heading back outside of the home to enjoy the seclusion and privacy of the 15 acres, you have an oversized 3 car detached garage, which along with the entire exterior of the home has been repainted, in addition to the attached carport giving you plenty of space to store all your vehicles and recreational toys. Continuing on past the garage you head up the drive to find a large plateau that has a garden, greenhouse and large chicken coop that has new solar powered lighting and electric fencing. Close to this area is a second septic system that was previously used for a mobile home that was removed from the property which gives you the opportunity to create a full hookup RV pad. One of the most unique features of the property is the fresh water spring the property has rights to and is the primary source of water. You have rights to 500 gallons of water per day that currently fill a cistern which services the house. This water is also used to water the garden as well as 12 new trees and full season perennial flowers that have been planted, 8 of which are mature fruit trees including plum, apricot, and apple. With some much to offer, this idyllic homestead is an opportunity unlike any other.

Last Agent to Sell the Property

Logan Austin

Keller Williams Realty Southwest Associates, LLC Listed on: 05/20/2024

Keller Williams Realty Southwest Associates, LLC

Last Buyer's Agent

Molly Malarsie

Keller Williams Real Estate, LLC

Keller Williams Real Estate, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,041

Year Built

  • Built in 1999

Lot Details

  • 15 Acre Lot
  • Landscaped
  • Wooded Lot

HOA Fees

  • $20 Monthly HOA Fees

Property Views

  • Creek or Stream
  • Mountain
  • Valley

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Architectural Shingle Roof
  • Metal Roof
  • Metal Siding
  • Stick Built Home

Interior Spaces

  • 1,660 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Double Pane Windows
  • Vinyl Clad Windows
  • Combination Kitchen and Dining Room
  • Den with Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • 1 Carport Space

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed

Schools

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

Utilities

  • Boiler Heating System
  • Heating System Uses Wood
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Spring water is a source of water for the property
  • Propane Water Heater
  • Septic Tank
  • Septic System
  • Internet Available

Community Details

  • Association fees include road maintenance
  • Rainbow Springs HOA
  • Rainbow Springs Subdivision

Listing and Financial Details

  • Assessor Parcel Number 590530301008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,041

Year Built

Built in 1999

Lot Details

0

HOA Fees

$20 per month

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Microwave
  • Estimated Total Acres: 15
  • Class: RESIDENTIAL
  • Em Deposit: 10,000.00
  • Em Holder: Title Company
  • Exterior Inclusions: Shed/Storage, Landscaping, Deck, Covered Porch
  • Interior Inclusions: Wood Stove, Cathedral Ceiling, Ceiling Fan(s)
  • Legal Lot Block: Tract A, Short Procedure Subdivision. No. 54, being a resubdivision of Lot 7, Rainbow Springs Trout Ranch No. 2, according to the recorded plat thereof filed March 17, 1977 under reception No. 407780, La Plata County, Colorado.
  • Livestock Allowed: Poultry
  • Lot Size Acreage: 10 - 19.99
  • Parcel Id Number: 590530301008
  • Price Per Sq Ft: 384.04
  • Property Attached: Yes
  • Property Description: Wooded Lot
  • Real Estate Included: Yes
  • Residence Stories: Two Story
  • Residence Style: Contemporary
  • Sale/Rent: For Sale
  • Siding: Metal
  • Sold Price Sq Ft: 384.04
  • Street Descriptionaccess: Private, Gravel
  • Street Designation: Road
  • Zoning: Residential Single Family
  • Type: Stick Built
  • HOA Fees: Yes
  • Internet Provider: HiSpeed4U
  • Internet Service: Yes
  • Total Taxes Dollar: 1,041.44
  • Year Built: 1999
  • Foreign Owned Y N: No
  • Prop Description Remarks: Perched above the Animas River valley just minutes from downtown Durango, this 15 acre property is the Colorado homestead you’ve been dreaming of. The home is a charming 3 bed 2 bath home that encompasses 1660 SqFt across two levels with tons of recent updates. Sitting just up the hill from the valley bottom, the home is entered from a covered porch and deck that wraps around to the back yard. The porch has new pro-panel roofing and custom railing, giving you the perfect spot to enjoy the amazing western views and colorful sunsets that SW Colorado is known for. Once entering, you walk into the great room of the home which combines the living room, kitchen and dining area into one functional space. The kitchen has been completely renovated with custom countertops and open shelving in addition to brand new stainless steel appliances and a large island. The high ceilings and multiple windows create a bright and inviting space that is kept toasty in the winter by the wood burning stove, in addition to the in-floor heat. Just down the hall from the great room you find a full bath that has recent updates along with two bedrooms and the laundry area which has new stainless units on the main level. Beyond this space are the stairs to the upper level, at the top of the landing is an awesome office space with western facing windows that provide tons of sunlight and views out over the river valley making it the perfect work from home spot. Down the hall from the office you find the primary suite complete with more western facing windows, a large walk in closet and full bath. Heading back outside of the home to enjoy the seclusion and privacy of the 15 acres, you have an oversized 3 car detached garage, which along with the entire exterior of the home has been repainted, in addition to the attached carport giving you plenty of space to store all your vehicles and recreational toys. Continuing on past the garage you head up the drive to find a large plateau that has a garden, greenhouse and large chicken coop that has new solar powered lighting and electric fencing. Close to this area is a second septic system that was previously used for a mobile home that was removed from the property which gives you the opportunity to create a full hookup RV pad. One of the most unique features of the property is the fresh water spring the property has rights to and is the primary source of water. You have rights to 500 gallons of water per day that currently fill a cistern which services the house. This water is also used to water the garden as well as 12 new trees and full season perennial flowers that have been planted, 8 of which are mature fruit trees including plum, apricot, and apple. With some much to offer, this idyllic homestead is an opportunity unlike any other.
  • Subdv Name: Rainbow Springs
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Dining Room: Island, Kitchen/Dining
  • Bedrooms: 3
  • Flooring: Hardwood, Tile
  • Estimated Total Sq Ft: 1660
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 2
  • Fireplace Location Type: Den/Family Room
  • Foundation: Slab
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0

Exterior Features

  • Windows: Double Pane, Vinyl
  • Construction Type: Wood Frame, Wood
  • Exterior Structures: Garage, Shed
  • Roof: Metal, Architectural Shingles
  • Views: Mountains, Valley, Stream/River

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Carport: Yes
  • Carport Spaces: 1
  • Garage Capacity: 3

Utilities

  • Utilities: Electric, Propane-Tank Leased, Internet, Phone - Cell Reception
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Propane
  • Heating System: Boiler, Floor Radiant, Wood Stove
  • Sewer Supplier: Septic
  • Water Heater: Propane Water Heater

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Road Maintenance
  • Hoametro Fees: 240.00
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Rainbow Springs

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Sunnyside K-5
  • Middle School: Escalante 6-8

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jul 9, 2024
Sold by
Farish-Sanders Taylor Ryan and Grande Nicholas Anthony
Bought by
Erickson Melissa and Bath Elliott
Seller's Agent
Logan Austin
Keller Williams Realty Southwest Associates, LLC
Buyer's Agent
Molly Malarsie
Keller Williams Real Estate, LLC
List Price
$649,999
Sold Price
$637,500
Premium/Discount to List
-$12,499
-1.92%
Views
86
Current Estimated Value
$653,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,842
Avg. Annual Appreciation
1.66%
Original Mortgage
$605,625
Outstanding Balance
$598,322
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$55,020

Purchase Details

Listed on
May 20, 2024
Closed on
Jul 8, 2024
Sold by
Grande Nicholas Anthony and Farish-Sanders Taylor Ryan
Bought by
Erickson Melissa and Bath Elliott
Seller's Agent
Logan Austin
Keller Williams Realty Southwest Associates, LLC
Buyer's Agent
Molly Malarsie
Keller Williams Real Estate, LLC
List Price
$649,999
Sold Price
$637,500
Premium/Discount to List
-$12,499
-1.92%
Views
86

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,625
Outstanding Balance
$598,322
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$55,020

Purchase Details

Closed on
May 22, 2020
Sold by
Dunn Marcella E
Bought by
Farish Sanders Taylor Ryan and Grande Nicholas Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2020
Sold by
Dunn Marcella F
Bought by
Parish Sanders Taylor Ryan and Grande Nicholas Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2019
Sold by
Porter Rodney and Porter Rebecca
Bought by
Dunn Marcella F

Purchase Details

Closed on
Sep 27, 1999
Bought by
Porter Rodney and Porter Rebecca
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Purchase History

Date Buyer Sale Price Title Company
Erickson Melissa $637,500 Land Title Guarantee
Erickson Melissa -- Land Title Guarantee
Farish Sanders Taylor Ryan -- Land Title Guarantee Co
Parish Sanders Taylor Ryan $350,000 Land Title Guarantee Co
Dunn Marcella F -- Land Title Guarantee Co
Porter Rodney -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erickson Melissa $605,625
Previous Owner Farish Sanders Taylor Ryan $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2024 07/09/24 Sold $637,500 -1.9% $384 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $649,999 -- $392 / 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 $1,209 $38,250 $18,420 $19,830
2024 $1,041 $23,760 $12,500 $11,260
2023 $1,041 $26,700 $14,040 $12,660
2022 $1,123 $28,470 $14,970 $13,500
2021 $1,131 $26,110 $13,160 $12,950
2020 $1,076 $25,560 $12,930 $12,630
2019 $995 $25,560 $12,930 $12,630
2018 $931 $23,940 $12,550 $11,390
2017 $0 $23,940 $12,550 $11,390
2016 $871 $24,780 $13,100 $11,680
2015 -- $24,780 $13,100 $11,680
2014 $753 $21,930 $13,090 $8,840
2013 -- $610 $0 $610
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 813751

Colorado Real Estate Network (CREN)

APN: R004433