7 months on rocket

574 E 2nd Ave, Durango, CO, 81301

$819,900

Home List Price

$9,736*

Closing Credit

6 Full Baths
Multi
Schools Nearby

Location

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574 E 2nd Ave, Durango$819,900

Buyer Closing Credits

$9,736*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
HeatingNatural Gas
MLS #808016
StatusActive

About 574 E 2nd Ave

All units are now rented at market value, making this an incredible investment opportunity in downtown Durango! This property is an incredibly rare find with six studio units just a block away from Main Avenue. There are very few residential units this close to Main Avenue, and rarely do properties like this come on the market. the units had been vastly under rented in the past as rents had not been increased in several years and were not reflective of the current market value, but the owner has spent the past several months increasing the rents as the units came vacant, and now all units are rented at market rate making this a very viable investment. Don't miss this opportunity to own a cash flowing property in an unbeatable location!

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker Distinctive Properties
  • Listing Agent: Todd Sieger

Interior Features

Interior Information:

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

Bedroom and Bathroom Information:

  • Full Bathrooms: 6

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: Main to College to 2nd Ave across from East by Southwest.

Price Information

Listing Price Info

Price Summary:

  • List Price: $819,900

Tax Information:

  • Annual Amount: $1,351
  • 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

$988.4K

Med. Price/SqFt

$476

Avg. Days On Market

114

574 E 2nd Ave vs Durango

221 DAYS ON ROCKET

+107 Days

$819,900

-$168.5K Less

KEY TAKEAWAY

This property is $168.5K less than the Median List Price in Durango, CO.

Based on homes listed in March 2024

MLS Details

MLS Information:

  • MLS Number: #808016

Listing Office:

  • Office Name: Coldwell Banker Distinctive Properties
  • Listing Agent: Todd Sieger

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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.

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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).
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2024, 3:25:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,351$35,130
2019$1,292$35,130
2018$1,289$35,490
2017$1,260$35,490

History based on county public records data.

Payment Calculator

$4,160

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,525

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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-744899
8
/10

  • Park Elementary School

  • 510 E 6th Ave

  • 0.34 miles

  • Public District Grades PK-5

Middle School

school-card-donut-744900
4
/10

  • Escalante Middle School

  • 141 Baker Ln

  • 3.10 miles

  • Public District Grades 6-8

High School

school-card-donut-744901
6
/10

  • Durango High School

  • 2390 Main Ave

  • 1.35 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. Typical income of Durango, CO residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Colorado›La Plata County›Durango›81301›574 E 2nd Ave

This home is located at 574 E 2nd Ave in Durango, CO and zip code 81301. Features: 6 bathrooms. It has been listed on Rocket Homes since September 18, 2023 and is currently priced at $819,900.

The number of listings in Durango, CO increased by 49.2% between February 2024 and March 2024. Listings spent 114 days on the market in March 2024, and had a median list price of $988,499 during the same period.

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

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