455 High Llama Lane
$1,500,000
Description
455 High Llama Lane,
Durango,
CO
81301
Justin D Osborn, The Wells Group of Durango, LLC, O: 970-946-3935, justin@wellsgroupdurango.com, http://southwestcoloradoranchbrokers.com/: 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.
This is an Active listing.
Broker Office Phone Number: 970-259-6680
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Listing By: The Wells Group of Durango, LLC via Data Source: Colorado Real Estate Network Inc.
Price History
| date | price | variance | type |
|---|
| 11/6/2024 | $1,500,000 | - | Listed |
listing agent: Justin Osborn
