Tbd Tbd Hancock Rico Co 81332

Rico, CO 81332

$7,789,350
Last Sold Price
49,919,760 / 1,146
Lot Size / Acres

Description

The chance to be a part of the resurgence of a small Colorado mountain town lies in the hands and the vision of the new owner of this unmatched offering in Rico. The Silver Springs at Rico offering consists of 181 separate parcels of land (146 mining claims, 6 tracts, and 29 platted lots) dispersed over 1,146 acres in one of the most beautiful destinations in Southwest Colorado. Silver Springs at Rico is an unparalleled value-add opportunity in any market, and a true masterpiece in today’s resort...The chance to be a part of the resurgence of a small Colorado mountain town lies in the hands and the vision of the new owner of this unmatched offering in Rico. The Silver Springs at Rico offering consists of 181 separate parcels of land (146 mining claims, 6 tracts, and 29 platted lots) dispersed over 1,146 acres in one of the most beautiful destinations in Southwest Colorado. Silver Springs at Rico is an unparalleled value-add opportunity in any market, and a true masterpiece in today’s resort and commercial real estate markets affording the new owners a multitude of paths toward value. This property provides many compelling options for the investor including a USFS trade for land elsewhere in Colorado, harvesting geothermal energy with myriad benefits and uses, as well as numerous development scenarios. Envision a Hot Springs Hotel and Resort right on the river downtown, or the development of home sites with mountain residences in the hillsides. None of these options are mutually exclusive providing the freedom to mix and match. Surrounded by the towering San Juan peaks and nestled in the headwaters of the Dolores river valley, the charming old mining town of Rico provides a mecca for outdoor adventure enthusiasts and those seeking a true mountain lifestyle. This offering is truly rare and special, providing one the chance to create a legacy in one of the most stunning mountain town settings. Please visit the property website for more detailed information on this listing. Address located in Addendum Please reach out directly for a full offering memorandum and/or to schedule a tour of the property in late spring when the snow has subsided
  1. Listed by Eric Saunders • Telluride Properties LLC

Property Details for Tbd Tbd Hancock Rico Co 81332

Water Front
Yes
Zoning
Business, Commercial, Residential Multi Family, Residential Single Family
Views
Mountains, Valley, Stream/River
Waterfront
River/Stream
Subdv Name
None

Location

Add your commute
LISTING UPDATED: 04/07/2023 08:38 AM

Property Details for Tbd Tbd Hancock Rico Co 81332

StatusSold Cren Member
MLS #792034
Days on Market364
Taxes$14,228 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLAND / Commercial
Year Built-
Lot Size1146.00 AC
CountyDolores County

Location

Add your commute

Building Information for Tbd Tbd Hancock Rico Co 81332

Lot Size1146.00 AC

Payment Calculator

$43,695 per month

30 year fixed, 7.25% Interest

Principal and Interest

$42,510

Property Taxes

$1,186

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Tbd Tbd Hancock Rico Co 81332

Summary
Location and General Information
  • Directions: From Telluride, Take HWY 145 South to Rico
Owner
  • Owner Name: Disposition Properties LLC
School Information
  • Elementary School: Rico K-8
  • Middle School: Rico K-8
  • High School: Rico K-12
Taxes and HOA Information
  • Tax Account ID: 0000000000
  • HOA Y/N: No
  • Tax Year: 2021
  • Total Taxes $: 14227.60
Property
Property and Assessments
  • FIPS Code: 08033
  • Legal/Lot Block: See documents Exhibit A
  • Photo Count: 20
  • Disclosures: Wetlands, Hazardous Waste, Flood Plain Area, Right 1st Refusal, Avalanche Area
  • Covenants Y/N: NO
  • Income Producing: No
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: Recreation, Residential Single family, Mountain Recreation, Commercial
  • Possible Property Use: Commercial, Residential Single Family, Mountain Recreation, Recreation
  • Lot Dimension: 1146 Acres
  • Parcel ID #: 5.04735100009E11
  • Property Description: Borders Public Land, Adj to Open Space, Borders National Forest
Utilities
  • Utilities: Electricity Near, Propane Required
  • Sewer Tap Avail: No
  • Sewer/Septic In: No
  • Sewer Paid: No
  • Water Tap Avail: Yes
  • Water Tap Installed: No
  • Water Tap Paid: No
  • Mineral Rights: Unknown
  • Modular/Mobile Allow: No
  • DOMESTIC WATER: Other, Well-Other, Tap Available
  • DOMESTIC SEWER: Septic
  • Water Well: No
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
Exterior Features
  • Horse Setup: No

Property History for Tbd Tbd Hancock Rico Co 81332

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near Tbd Tbd Hancock Rico Co 81332

This home is within Dolores County Re No.2 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - PK to 6
Rating
School
Distance
Seventh Street Elementary School
PublicPK to 5

Dove Creek High School
Public6 to 12

Rico Elementary School
PublicPK to 6

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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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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Telluride Properties LLC, Eric Saunders

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.