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  • $637,500

    862 Rainbow Road, Durango, CO 81303

    3beds
    1,660sqft
    Stick Built
    Built in 1999
    15 Acres Lot
    $668,400 Zestimate®
    $384/sqft
    $3,003 Estimated rent

    Home value

    $668,400

    $595,000 - $749,000

    $3,003/mo

    Zestimate® history
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    What's special

    Perched above the Animas River valley just minutes from downtown Durango, this 15 acre property is the Colorado homestead you’ve been dreaming of. The home is a charming 3 bed 2 bath home that encompasses 1660 SqFt across two levels with tons of recent updates. Sitting just up the hill from the valley bottom, the home is entered from a covered porch and deck that wraps around to the back yard. The porch has new pro-panel roofing and custom railing, giving you the perfect spot to enjoy the amazing western views and colorful sunsets that SW Colorado is known for. Once entering, you walk into the great room of the home which combines the living room, kitchen and dining area into one functional space. The kitchen has been completely renovated with custom countertops and open shelving in addition to brand new stainless steel appliances and a large island. The high ceilings and multiple windows create a bright and inviting space that is kept toasty in the winter by the wood burning stove, in addition to the in-floor heat. Just down the hall from the great room you find a full bath that has recent updates along with two bedrooms and the laundry area which has new stainless units on the main level. Beyond this space are the stairs to the upper level, at the top of the landing is an awesome office space with western facing windows that provide tons of sunlight and views out over the river valley making it the perfect work from home spot. Down the hall from the office you find the primary suite complete with more western facing windows, a large walk in closet and full bath. Heading back outside of the home to enjoy the seclusion and privacy of the 15 acres, you have an oversized 3 car detached garage, which along with the entire exterior of the home has been repainted, in addition to the attached carport giving you plenty of space to store all your vehicles and recreational toys. Continuing on past the garage you head up the drive to find a large plateau that has a garden, greenhouse and large chicken coop that has new solar powered lighting and electric fencing. Close to this area is a second septic system that was previously used for a mobile home that was removed from the property which gives you the opportunity to create a full hookup RV pad. One of the most unique features of the property is the fresh water spring the property has rights to and is the primary source of water. You have rights to 500 gallons of water per day that currently fill a cistern which services the house. This water is also used to water the garden as well as 12 new trees and full season perennial flowers that have been planted, 8 of which are mature fruit trees including plum, apricot, and apple. With some much to offer, this idyllic homestead is an opportunity unlike any other.

    Zillow last checked: 8 hours ago

    Listing updated: July 09, 2024 at 09:52am

    Listed by:

    Logan Austin C:970-759-4044,

    Keller Williams Realty Southwest Associates, LLC

    Bought with:

    Molly Malarsie

    Keller Williams Realty Urban Elite, LLC

    Frank Sandoval

    Keller Williams Realty Southwest Associates, LLC

    Source: CREN,MLS#: 813751MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Level: Upper
    Dining room
    • Features: Kitchen Island, Kitchen/Dining
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Range, Refrigerator, Dishwasher, Washer, Dryer, Microwave
    Features
    • Cathedral Ceiling(s), Ceiling Fan(s)
    • Flooring: Hardwood, Tile
    • Windows: Double Pane Windows, Vinyl
    • Has fireplace: Yes
    • Fireplace features: Den/Family Room, Wood Stove
    Interior area
    • Total structure area: 1,660
    • Total interior livable area: 1,660 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Detached Garage
    • Garage spaces: 3
    • Carport spaces: 1
    • Covered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Covered Porch
    • Exterior features: Landscaping
    • Has view: Yes
    • View description: Mountain(s), Valley
    • Has water view: Yes
    • Water view: Stream/River
    Lot
    • Size: 15 Acres
    • Features: Wooded
    Details
    • Additional structures: Garage(s), Shed(s), Shed/Storage
    • Parcel number: 590530301008
    • Zoning description: Residential Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Stick Built
    • Attached to another structure: Yes
    Materials
    • Wood Frame, Wood, Metal Siding, Other
    • Foundation: Slab
    • Roof: Architectural Shingles,Metal
    Condition
    • New construction: No
    • Year built: 1999

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Spring
    • Utilities for property: Electricity Connected, Internet, Phone - Cell Reception, Propane-Tank Leased

    Community & neighborhood

    Location
    • Region: Durango
    • Subdivision: Rainbow Springs

    HOA & financial

    HOA
    • Has HOA: Yes
    • Association name: Rainbow Springs

    Other

    Other facts
    • Road surface type: Gravel

    Price history

    DateEventPrice
    7/9/2024Sold$637,500-1.9%$384/sqft
    Source: CREN #813751 Report a problem
    6/6/2024Contingent$649,999$392/sqft
    Source: CREN #813751 Report a problem
    5/20/2024Listed for sale$649,999+85.7%$392/sqft
    Source: CREN #813751 Report a problem
    5/29/2020Sold$350,000$211/sqft
    Source: Public Record Report a problem
    3/11/2020Pending sale$350,000$211/sqft
    Source: Durango Land and Homes #762587 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,209 +16.1%$38,250 +39.3%
    2024$1,041 -7.3%$27,450 -3.6%
    2023$1,123 -0.7%$28,470 +12.2%

    Find assessor info on the county website

    Neighborhood: 81303

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Sunnyside K-5
    • Middle: Escalante 6-8
    • High: Durango 9-12

    Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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