5 months on rocket

562 E 1st St, Durango, CO, 81301

$885,000

Home List Price

$10,000*

Closing Credit

2 Full Baths
Multi
Schools Nearby

Location

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562 E 1st St, Durango$885,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
HeatingNatural Gas
ViewMountain(s)
MLS #809638
Lot Size0.19 Acres
StatusActive

About 562 E 1st St

Great opportunity for investors or for buyers looking for a large 2 story home downtown on the grid! Current configuration consists of two units, with the larger 1268 sf unit downstairs, and the smaller 704 unit upstairs. Downstairs there are 3 bedrooms (one currently being used as a large walk-in closet) and one full bath, with a living room adjoining the dining room, which adjoins the large kitchen. Unit 1 has a bedroom in front, just off the living room, with the other 2 bedrooms in the back of the house, which opens to an enclosed back porch for storage and a huge fenced backyard. Unit 2 has a separate fenced side entrance to the staircase leading up to the unit. Here you will find a cozy 2 bedroom 1 bath apartment. Both units have wood and tile flooring. There is a low maintenance metal roof, two storage sheds, and room to add off-street parking, with potential to add an additional unit or two to maximize your investment, subject to City of Durango guidelines and approval. The property borders the Parkside Terrace townhomes, and both units are currently leased. There is so much potential here to add to an already great property in downtown Durango, in walking distance to the Animas River, Santa Rita Park, the dog park, and trails up to Fort Lewis College.

Property Details

Property Features

Listing Office:

  • Office Name: The Wells Group of Durango, LLC
  • Listing Agent: Christine Serwe

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator
  • Flooring Type: Carpet, Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • View: Mountain(s)

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: From College Drive, turn south onto E 6th Avenue, go all the way to the end and turn right on 1st Street, property is on the left (south) side of 1st Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $885,000

Tax Information:

  • Annual Amount: $1,517
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Durango, CO.

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Durango, CO

City

Med. List Price

$995K

Med. Price/SqFt

$469

Avg. Days On Market

105

562 E 1st St vs Durango

154 DAYS ON ROCKET

+49 Days

$885,000

-$110K Less

KEY TAKEAWAY

This property is $110K less than the Median List Price in Durango, CO.

Based on homes listed in April 2024

MLS Details

MLS Information:

  • MLS Number: #809638

Listing Office:

  • Office Name: The Wells Group of Durango, LLC
  • Listing Agent: Christine Serwe

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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: 5/8/2024, 11:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 25, 2008Home Sold
$470,000
Jun 10, 2005Home Sold
$352,500

Tax History

YEARPROP. TAXASSESSMENT
2020$1,517$39,450
2019$1,451$39,450
2018$1,349$37,160
2017$1,320$37,160

History based on county public records data.

Payment Calculator

$4,484

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,720

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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-8510083
8
/10

  • Park Elementary School

  • 510 E 6th Ave

  • 0.33 miles

  • Public District Grades PK-5

Middle School

school-card-donut-8510084
4
/10

  • Escalante Middle School

  • 141 Baker Ln

  • 2.62 miles

  • Public District Grades 6-8

High School

school-card-donut-8510085
6
/10

  • Durango High School

  • 2390 Main Ave

  • 1.76 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 $39,099. The most common annual income of people living in Durango, CO is between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Colorado›La Plata County›Durango›81301›562 E 1st St

This home is located at 562 E 1st St in Durango, CO and zip code 81301. This home sits on a 0.19 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since December 05, 2023 and is currently priced at $885,000.

Between March 2024 and April 2024, Durango, CO real estate market has seen increase in the number of listings by 53.4%. While the average time on the market in April 2024 was 105 days, the median list price was $995,000.

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

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