455 High Llama Lane , Durango, CO 81301
Durango, CO 81301
Description
10.27 acres in the path of development at the edge of Durango City limits. No HOA & No Covenants. City of Durango will require annexation for this land that is zoned medium density residential and approved for up to 12 units per acre. With the average price of a home in Durango now running over $900K, there's plenty of profit margin here for a developer. Central water and sewer are located just to the south at the corner of High Llama Lane and Wilson Gulch Road. Annual taxes are $2,094.24. Adjoining 14.27 acres to the north can be purchased with this property at a package price of $3.6M. 3 bedroom home built in 1981 rented for $1,000 a month through May 1, 2025. Guest apartment currently rented at $700 a month through May 1, 2025. No value given to the improvements.
Details
| Mls | 819206 |
|---|---|
| Listing Type | For Sale |
| Style | Detachd |
| Subtype | Resale |
| Status | Active |
| Days On Site | 35 |
| Listing Provided By | The Wells Group of Durango, LLC | Justin Osborn |
Features
| Zoning | Residential Multi Family,Residen |
|---|---|
| Acreage | 10.27 |
| Property View | Yes |
Market Activity 81301
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Learn More About This Property
| State | CO |
|---|---|
| County | La Plata |
| City | Durango |
| Zip Code | 81301 |
| Area | Durango In Town |
| Community Name | Not Applicable |
| School District | Durango 9-12 |
| Elementary School | Florida Mesa K-5 |
| Middle School | Escalante 6-8 |
| High School | Durango 9-12 |
| Listing VS Median (in Not Applicable) | |
Price: $1,500,000 low | high Med: $919,000 On Site: 35 low | high Med: 52.000000 | |