$340,000
SOLD FEB 1, 2012

W Hwy 160 Durango, CO 81303

0.35 Acre
$971,429 Price per Acre
15,246 Sq Ft Lot

Recently Sold

$84 Per Sq Ft

3% Below List Price

Highlights

  • Home fronts a creek
  • Creek or Stream View
  • 4-minute walk to San Juan National Forest
  • Park Elementary School Rated A-
  • Level Lot

About This Lot

As of August 2017

Great commercial property with tenant in place. High visibility off Hwy 160 found in this rare location with high traffic counts, ample parking and room to expand. The potential for further development or future investment is great and should be determined by buyer.

Last Agent to Sell the Property

Christine Serwe

The Wells Group of Durango, LLC Listed on: 05/26/2011

Last Buyer's Agent

Linda Buzzalini

Linda Buzzalini, Independent Broker

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,825

Lot Details

  • 0.35 Acre Lot
  • Home fronts a creek
  • Level Lot
  • Cleared Lot
  • Property is zoned Commercial

Property Views

  • Creek or Stream Views

Schools

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

Utilities

  • Septic System
  • Phone Available

Listing and Financial Details

  • Security Deposit $5,000

Property Details

Property Type

Land

Est. Annual Taxes

$3,825

Lot Details

0

Listing Details

  • Class: Land
  • Em Holder: Wells Group
  • Fronts: Hwy 160 West
  • Legal Lot Block: S,T,R: 30-35-9 TR in SW4 NE4
  • Lot Dimension: 0.349 acres
  • Property Description: Cleared
  • Street Descriptionaccess: City/Town, Paved, Interstate
  • Waterfront Type: Creek
  • Zoning: Commercial
  • Domestic Sewer: Sewer Tap Available
  • Domestic Water: Public
  • Type: Commercial
  • Estimated Total Acres: 0.35
  • Em Deposit: 5,000
  • Price Acre: 1000000
  • Topography: Level
  • Price per Sq Ft: 22.96
  • Sewer Paid: Yes
  • Sewerseptic In: Yes
  • Sewer Tap Avail: Yes
  • Water Tap Available: Yes
  • Water Tap Installed: Yes
  • Total Taxes Dollar: 3,825.40
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Views: Stream/River
  • Waterfront: Yes

Utilities

  • Utilities: Electricity, Phone
  • Water Tap Paid: Yes
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Atmos Energy

Schools

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

Tax Info

  • Tax Year: 2010

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2021
Sold by
Gamble Business Ventures Llc
Bought by
Lightner Creek Property Llc
Current Estimated Value
$1,704,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,226,000
Outstanding Balance
$238,258
Interest Rate
2.9%
Mortgage Type
Seller Take Back
Estimated Equity
$1,464,691

Purchase Details

Closed on
Aug 31, 1995
Bought by
Gamble Business Ventures Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Warranty Deed -- Colorado Title & Closing Servi
Warranty Deed $300,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,226,000 Seller Take Back
Closed $1,226,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2017 08/09/17 Sold $475,000 -20.2% $117 / Sq Ft
07/12/2017 07/12/17 Pending -- -- --
03/29/2016 03/29/16 For Sale $595,000 -47.1% $146 / Sq Ft
08/20/2013 08/20/13 Sold $1,125,000 +230.9% $276 / Sq Ft
05/23/2013 05/23/13 Pending -- -- --
02/01/2012 02/01/12 Sold $340,000 -2.9% $84 / Sq Ft
01/02/2012 01/02/12 Pending -- -- --
05/26/2011 05/26/11 For Sale $350,000 -76.7% $86 / Sq Ft
07/12/2010 07/12/10 For Sale $1,500,000 -- $369 / 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 $19,873 $480,070 $128,880 $351,190
2024 $16,906 $420,640 $113,460 $307,180
2023 $16,906 $420,640 $113,460 $307,180
2022 $8,974 $445,930 $120,280 $325,650
2021 $8,760 $220,700 $101,130 $119,570
2020 $8,629 $7,950 $0 $7,950
2019 $292 $7,950 $0 $7,950
2018 $7,971 $8,100 $0 $8,100
2017 $7,795 $8,100 $0 $8,100
2016 $6,872 $7,790 $0 $7,790
2015 -- $210,830 $93,400 $117,430
2014 $3,501 $220,340 $90,710 $129,630
2013 -- $220,340 $90,710 $129,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 658773

Colorado Real Estate Network (CREN)

APN: R008325