562 East 1st Street

Durango, CO 81301

$885,000
Price
2
Beds
2
Baths
1,972 Sq. Ft.
$449 / Sq. Ft.
1,972
Sq. Ft.
$449
per Sq. Ft.

Description

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...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.
  1. Listed by Christine Serwe • The Wells Group of Durango, LLC

Property Details for 562 East 1st Street

Water Front
No
Zoning
Residential Multi Family
Views
Mountains
Subdv Name
Other

Location

Listing Courtesy of The Wells Group of Durango, LLC, Christine Serwe
Add your commute
LISTING UPDATED: 02/22/2024 10:52 AM

Property Details for 562 East 1st Street

StatusActive
MLS #809638
Days on Market151
Taxes$2,006 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Duplex
Year Built1931
Lot Size0.19 AC / 8,276 SF
CountyLa Plata County

Location

Listing Courtesy of The Wells Group of Durango, LLC, Christine Serwe
Add your commute

Building Information for 562 East 1st Street

Stories1Residences2Year Built1931Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$4,997 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,830

Property Taxes

$167

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 562 East 1st Street

Summary
Location and General 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.
Owner
  • Owner Name: First Street Holdings
Parking
  • Carport Y/N: No
  • Garage Y/N: No
  • PARKING: On Street, Paved
School Information
  • Elementary School: Park K-5
  • Middle School: Escalante 6-8
  • High School: Durango 9-12
Taxes and HOA Information
  • Tax Account ID: R424903
  • HOA Y/N: No
  • Tax Year: 2023
  • Total Taxes $: 2006.20
Property
Property and Assessments
  • FIPS Code: 08067
  • Legal/Lot Block: Lot 6, Block 025, Ewing Subdivision to the City of Durango, according to the recorded plat thereof, less and except that portion as described in Decree of Quiet Title recorded August 29, 2002 as Reception N. 837031
  • Photo Count: 25
  • New Construction Y/N: No
  • Disclosures: Pets Allowed
  • Covenants Y/N: NO
  • Board Name: Durango Area Assn of Realtors
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: Less than 1/2
  • Lot Dimension: 0.196 acres
  • Parcel ID #: 5.66529329023E11
  • SqFt Source: Assessor
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Total # Water Meters: 1
  • Total # Gas Meters: 2
  • Total # Electric Meters: 1
  • Domestic Water/Sewer: City Sewer, City Water
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 2
  • Residence Stories: 1.5 Story
Unit 1 Information
  • Unit 1 # Bedrooms: 2-3
  • Unit 1 # Baths: 1
  • Unit 1 Monthly Rent$: 1,550
Unit 2 Information
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Baths: 1
  • Unit 2 Monthly Rent$: 1,150
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 2.00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Main SF: 1268
  • Upper SF: 704
  • Florring: Carpet, Tile
  • Appliance Inclusions: Range/Oven, Refrigerator
  • Interior Inclusion: Ceiling Fan(s), W/D Hookup
Exterior Features
  • Horse Setup: No
  • Roof: Metal
  • Exterior Inclusions: Fence, Patio
  • Siding: Stone, Stucco

Property History for 562 East 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 562 East 1st Street

Taxable ValueLand$16,130Additions$22,960Total$39,090
Tax Record2022$1,589 ($132 / month)
Home Facts
Total Finished SqFt1,972 SqFtAbove Grade Finished SqFt1,972 SqFtStories2Lot Size8,538 SqFtStyleDuplexYear Built1931CountyLA PLATAAPN5665-293-29-023

Schools near 562 East 1st Street

This home is within Durango 9-R School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 5 to 12
Rating
School
Distance
Park Elementary School
PublicPK to 5

Escalante Middle School
Public6 to 8

Durango High School
Public9 to 12

Robert Denier Youth Services Center
Public5 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.

Similar Homes

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562 East 1st Street is a multi-family home for sale in Durango, CO 81301. This property was listed for sale on December 4, 2023 by The Wells Group of Durango, LLC, it's currently listed at $885,000. It has been on the market for a total of 151 days and was last sold on August 19, 2008. This listing's school district is Durango 9-R School District. Nearby schools include Park Elementary School, Escalante Middle School and Durango High School. 562 East 1st Street is a 2-bed, 2-bath, 1,972 sqft multi-family home built in 1931.

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 The Wells Group of Durango, LLC, Christine Serwe

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.