400 Palomino Trail

400 Palomino Trail

Ridgway, CO 81432

$1,150,000
Price
—
Beds
2
Baths
1,952 Sq. Ft.
$589 / Sq. Ft.
1,952
Sq. Ft.
$589
per Sq. Ft.
a front view of a house with seating space
a car parked on the side of the road
a living room with furniture a piano and a flat screen tv
a bedroom with a bed and wooden floor
a bedroom with a bed and a cabinets
a bedroom with furniture and a window
a view of a dining room with furniture and wooden floor
a kitchen with white cabinets and black appliances
a living room with furniture a rug and a chandelier
a living room with furniture and a wooden floor
a bathroom with a sink a toilet and vanity
a utility room with dryer and washer
a view of a dinning table and chairs in the patio
a kitchen with stainless steel appliances a stove a sink refrigerator and a window
a living room with furniture and a large window
a bedroom with furniture and a window
a bed sitting in a bedroom next to a window
a bedroom with bed and a window
a bathroom with a sink toilet and shower
a view of balcony with wooden floor and outdoor seating
a view of trees and outdoor space

Description

''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...''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).
  1. Listed by Cathy Redmond • Redmond Realty, LLC

Property Details for 400 Palomino Trail

Water Front
No
Zoning
Live/Work, Residential, Residential Multi Family
Views
Mountains, Valley
Subdv Name
Other

Location

Listing Courtesy of Redmond Realty, LLC, Cathy Redmond
Add your commute
LISTING UPDATED: 04/26/2024 03:56 PM

Property Details for 400 Palomino Trail

StatusActive
MLS #812099
Days on Market31
Taxes$2,568 / year
HOA Fees$109
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Duplex
Year Built2006
Lot Size0.23 AC / 10,018 SF
CountyOuray County

Location

Listing Courtesy of Redmond Realty, LLC, Cathy Redmond
Add your commute

Building Information for 400 Palomino Trail

Stories2Residences2Year Built2006Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$6,599 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$214

HOA Dues

$109

The Payment Calculator is for illustrative purposes only.

Property Information for 400 Palomino Trail

Summary
Location and General 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
Owner
  • Owner Name: Hollenbeck
Parking
  • Carport Y/N: Yes
  • Carport Spaces: 1
  • Garage Y/N: No
  • Parking Spaces: 6
  • PARKING: 2-10 Total Spaces, Common
School Information
  • Elementary School: Ridgway K-5
  • Middle School: Ridgway 6-8
  • High School: Ridgway 9-12
Taxes and HOA Information
  • HOA/Metro Fees: 109.40
  • HOA/Metro Fees Frequency: Annually
  • HOA Name: Eastside Subdivision
  • HOA Y/N: Yes
  • HOA Dues Y/N: Yes
  • HOA Transfer Fees Y/N: Yes
  • Other Transfer Fees Y/N: No
  • Tax Year: 2021
  • Total Taxes $: 2568
Property
Property and Assessments
  • FIPS Code: 08091
  • Legal/Lot Block: HOLLENBECK LOT SPLIT Lot: 24A Subd: EASTSIDE SUBDIVISION, REPLAT OF THE (FORMERLY LOT 24, THIS LEGAL FOR SEARCH PURPOSES ONLY) S: 16 T: 45 R: 8
  • Photo Count: 21
  • New Construction Y/N: No
  • Disclosures: Covenants, Plat Available
  • Covenants Y/N: YES
  • Board Name: MONTROSE ASSOCIATION OF REALTORS
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: Yes
  • Lot Size/Acerage: Less than 1/2
  • Lot Dimension: Rectangular
  • Parcel ID #: 4.30516412001E11
  • SqFt Source: Assessor
Green Features
  • Green Certification Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
  • Indoor Air Quality: Filtration System, NO or Low VOC Materials
Utilities
  • Total # Water Meters: 1
  • Total # Gas Meters: 1
  • Domestic Water/Sewer: City Sewer, City Water
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 2
  • Residence Stories: Two Story
Unit 1 Information
  • Unit 1 Square Feet: 992.0
Unit 2 Information
  • Unit 2 Square Feet: 960.0
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 1
  • 1/4 Baths: 0
  • Total Baths: 2.00
  • Primary Bedroom: Upper Level
  • Dining: Kitchen Bar, Living Room Dining
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Furnished
  • Main SF: 992
  • Upper SF: 960
  • Florring: Laminate, Tile
  • Foundation/ Basement: Slab, Insulated
  • Cooling: Central Air, Forced Air
  • Appliance Inclusions: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Interior Inclusion: Ceiling Fan(s), Furnished-See Remarks
Exterior Features
  • Horse Setup: No
  • Residence Style: Southwest
  • Roof: Metal
  • Exterior Inclusions: Covered Deck, Deck, Fence
  • Fence: Privacy
  • Siding: Cedar

Property History for 400 Palomino Trail

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 400 Palomino Trail

Taxable ValueLand$4,770Additions$50,980Total$55,750
Tax Record2023$3,328 ($277 / month)
Home Facts
Total Finished SqFt1,256 SqFtAbove Grade Finished SqFt1,256 SqFtLot Size9,878 SqFtStyleMulti-Family Res (5+ Units)Year Built2006Year Renovated2010CountyOURAYAPN430516412001

Schools near 400 Palomino Trail

This home is within Ridgway R-2 School District.
Rating
School
Type
Grades
Distance
Ridgway Elementary School
Public - PK to 5
Ridgway Middle School
Public - 6 to 8
Ridgway High School
Public - 9 to 12
Rating
School
Distance
Ridgway Elementary School
PublicPK to 5

Ridgway Middle School
Public6 to 8

Ridgway High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 400 Palomino Trail, Ridgway, CO 81432

400 Palomino Trail is a multi-family home for sale in Ridgway, CO 81432. This property was listed for sale on April 1, 2024 by Redmond Realty, LLC, it's currently listed at $1,150,000. It has been on the market for a total of 31 days and was last sold on March 15, 2005. This listing's school district is Ridgway R-2 School District. Nearby schools include Ridgway Elementary School, Ridgway Middle School and Ridgway High School. 400 Palomino Trail is a 0-bed, 2-bath, 1,952 sqft multi-family home built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redmond Realty, LLC, Cathy Redmond

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.