28 days on rocket

400 Palomino Trl, Ridgway, CO, 81432

$1,150,000

Home List Price

$10,000*

Closing Credit

2 Full Baths
1,952 SqFt
$589/SqFt
Multi
Schools Nearby

Location

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400 Palomino Trl, Ridgway$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
HeatingForced Air, Heat Pump
CoolingCentral Air
BasementYes
ViewMountain(s), Valley
MLS #812099
Lot Size0.23 Acres
StatusActive

About 400 Palomino Trl

''RESIDENTIAL UP/BUSINESS DOWN/VACATION RENTALS'' THE REAL ESTATE. Custom built in 2007, the two-story Western Victorian style building is situated on a nearly quarter-acre lot at the very eastern edge of Town on the frontage road paralleling US Highway 550. The zoning is General Commercial with mixed uses and live-work arrangements encouraged, affording considerable flexibility in use and future marketability of the property. The building has 1952 square feet of habitable space and comes with an extensive, must-see list of quality and hard-to-find features. Among these are extensive measures against air-infiltration that not only make the building energy efficient but also make the inside incredibly quiet despite the excellent highway visibility and access the location provides. INSIDE. The ground-floor is an open concept studio with kitchenette, private bath/laundry and large covered front porch. The second floor is a fully and beautifully furnished one-bedroom, one-bath apartment with long term residential rentals allowed. It has a great room, dining area, full kitchen with counter seating, an office/guest bedroom, private laundry, and covered decks both front and rear. Both are currently operated as one of the area’s longest running and most popular vacation rental properties known as Cow Creek Suites. The listing service VRBO (subsidiary of Expedia, Inc.) reports these rentals have consistently outperformed 95% of their market during the past several years (a market including San Miguel and Ouray counties and the towns of Telluride and Ouray comprising over 1500 listed properties). A contained storage room and mechanical room are each accessed with their own exterior entrances at ground level. There is plenty of off-street parking including a space around back covered by the back deck. IMPORTANT TO KNOW. Buried optical fiber is on the property with residential and commercial symmetrical service plans available up to 1000 Mbps download and 1000Mbps upload. The building is extremely well-insulated and highly energy efficient with two-zone central heating and air conditioning provided by a York air-source all-climate heat pump (no fossil fuels burned on the premises) and is equipped with American Standard’s AccuClean TM Whole Home Air Filtration System. The property has always been maintained smoke, pet and allergen-free. If desired, natural gas is available at the property. THE AREA. The property is situated at the northern entry to the famous San Juan Skyway Scenic Byway and has beautiful views of the surrounding meadows and mountains. It is just 9 highway miles north of the charming, historic mining town of Ouray, 37 highway miles from the ski-resort/festival town of Telluride (airport code TEX), and 26 highway miles south of the burgeoning retirement community of Montrose (airport code MTJ).

Property Details

Property Features

Property Information:

  • Living Area: 1,952 SqFt

Listing Office:

  • Office Name: Redmond Realty, LLC
  • Listing Agent: Cathy Redmond

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator, Dishwasher, Washer, Dryer, Microwave
  • Basement: Yes
  • Flooring Type: Laminate, Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • View: Mountain(s), Valley

Lot Features

Lot Information:

  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Ridgway High School, Public District Grades 9-12
  • Ridgway Middle School, Public District Grades 6-8
  • Ridgway Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Sherman going east. Cross Highway 550 at the light. Make a right on Palomino and property is down on the left. Call CathyRedmond with Redmond Realty for more information. 970-729-0898

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $589/SqFt

Tax Information:

  • Annual Amount: $2,058
  • Tax Year: 2021
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MLS Details

MLS Information:

  • MLS Number: #812099

Listing Office:

  • Office Name: Redmond Realty, LLC
  • Listing Agent: Cathy Redmond

IDX Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network. Real estate listings held by another brokerage firm include that company name. All data on this web site is deemed reliable but is not guaranteed.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other expert assistance is required, the services of a competent, professional person should be sought

The information contained in this publication is subject to change without notice. COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. CREN SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

Equal HousingAll real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information. COLORADO REAL ESTATE NETWORK will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

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The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Real Estate listings held by other companies contain that company's name. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN).
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Last updated on: 4/30/2024, 11:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 15, 2005Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,058$40,910
2020$2,058$35,480
2019$1,793$35,480
2017$1,766$29,820

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3979127
5
/10

  • Ridgway Elementary School

  • 1115 Clinton St

  • 1.18 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3979128
7
/10

  • Ridgway Middle School

  • 1200 Green St

  • 0.28 miles

  • Public District Grades 6-8

High School

school-card-donut-3979129
8
/10

  • Ridgway High School

  • 1200 Green St

  • 0.28 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,568. Residents of Ouray County, CO typically earn between $35k-100k each year. Most families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Colorado›Ouray County›Ridgway›81432›400 Palomino Trl

This home is located at 400 Palomino Trl in Ridgway, CO and zip code 81432. This 1,952 square foot home sits on a 0.23 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $1,150,000.

Between February 2024 and March 2024, Ouray County, CO real estate market has seen increase in the number of listings by 30.3%. Listings spent 105 days on the market in March 2024, and had a median list price of $1,350,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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