910 Twin Buttes Ave Durango, CO 81301
Estimated payment $6,481/month
Total Views
13,476
1
Acre
$850,000
Price per Acre
43,560
Sq Ft Lot
Highlights
- Mountain View
- Open Space
- Level Lot
- Park Elementary School Rated A-
About This Lot
Incredible developer/builder opportunity to invest and build the 8 remaining High End Luxury units of The Terraces that have conceptual approval by Twin Buttes DRC. The first 3 units SOLD for a total price of $3.12M back in '19-'20. With an established HOA in place, Dean Brookie architectural designs, soils tests from previous build site, JLYN Interior Designer for previous units, DHM Landscape Architect and Scapegoat Landscaping on board; this is a great opportunity for the next developer. The West Penthouse unit resold recently at 1.45M in 2023. The 3 previous units in the complex consisted of 2 Penthouse units and 1 Interior unit. The Penthouse units are over 3100 sqft with Elevator, over 900 sqft tandem garage, 3 bedroom and 3 and a half bath with every bedroom containing an individual bathroom, and a limited common backyard. The interior unit has over 2700 sqft with Elevator, over 800 sqft tandem garage, 3 bedroom and 3 and a half bath with every bedroom containing an individual bathroom, and a limited common backyard. All units have incredible covered outdoor space. There is opportunity to adjust interior floor plans if so desired and maintain the Colorado-California blend of Mountain Contemporary exterior look of The Terraces. Give us a call today to discuss!
Property Details
Property Type
- Land
Lot Details
- 1 Acre Lot
- Open Space
- Level Lot
- Property is zoned Residential Multi Family
HOA Fees
- $275 Monthly HOA Fees
Property Views
- Mountain Views
Schools
- Park K-5 Elementary School
- Escalante 6-8 Middle School
- Durango 9-12 High School
Utilities
- Septic System
- Internet Available
Community Details
- Association fees include insurance, landscaping, snow removal
- The Terraces HOA
- Twin Buttes Subdivision
Listing and Financial Details
- Security Deposit $25,000
- Assessor Parcel Number 566123401060
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $17,485 | $158,680 | $158,680 | -- |
| 2023 | $17,485 | $164,940 | $164,940 | $0 |
| 2022 | $14,602 | $164,940 | $164,940 | $0 |
| 2021 | $14,834 | $131,950 | $131,950 | $0 |
| 2020 | $13,760 | $126,880 | $126,880 | $0 |
| 2019 | $0 | $31,390 | $31,390 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2024 02/26/24 | For Sale | $850,000 | 0.0% | -- |
| 02/26/2024 02/26/24 | Price Changed | $850,000 | -12.8% | -- |
| 12/01/2023 12/01/23 | Off Market | $975,000 | -- | -- |
| 09/27/2022 09/27/22 | For Sale | $975,000 | 0.0% | -- |
| 09/08/2022 09/08/22 | Pending | -- | -- | -- |
| 06/14/2022 06/14/22 | For Sale | $975,000 | 0.0% | -- |
| 06/14/2022 06/14/22 | Price Changed | $975,000 | +11.4% | -- |
| 03/08/2022 03/08/22 | Pending | -- | -- | -- |
| 08/19/2021 08/19/21 | For Sale | $875,000 | -- | -- |
Source: Colorado Real Estate Network (CREN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $635,000 | Land Title Guarantee Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | Construction |
Source: Public Records
Similar Properties in Durango, CO
Source: Colorado Real Estate Network (CREN)
MLS Number: 785990
APN: 566123401060
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