13 days on rocket

862 Rainbow Rd, Durango, CO, 81303

$649,999

Home List Price

$7,719*

Closing Credit

3 Bedrooms
2 Full Baths
1,660 SqFt
$392/SqFt
House
Schools Nearby

Location

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862 Rainbow Rd, Durango$649,999

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached Garage
Garage3 spaces
Year Built1999
HeatingPropane, Wood, Steam, Floor Furnace, Wood Stove
BasementYes
FireplaceDen/Family Room
ViewMountain(s), Valley, Stream/River
MLS #813751
Lot Size15.00 Acres
StatusActive

About 862 Rainbow Rd

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1999
  • Stories: 2
  • Living Area: 1,660 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Southwest Associates, LLC
  • Listing Agent: Logan Austin

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator, Dishwasher, Washer, Dryer, Microwave
  • Basement: Yes
  • Flooring Type: Hardwood, Tile
  • Interior: Wood Stove, Cathedral Ceiling, Ceiling Fan(s)
  • Fireplace: Den/Family Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Mountain(s), Valley, Stream/River
  • Exterior: Shed/Storage, Landscaping, Deck, Covered Porch, Garage, Shed

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Detached Garage

Virtual/3D Tour

  • 3D Tour: 862 Rainbow Rd

3D Tour

Lot Features

Lot Information:

  • Lot: Wooded
  • Lot Size: 15.00 Acres

Utilities

Utilities Information:

  • Heating: Propane, Wood, Steam, Floor Furnace, Wood Stove

School Info

Assigned Schools Information:

  • Durango High School, Public District Grades 9-12
  • Escalante Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: From downtown Durango head south on HWY 550/Camino Del Rio. Turn right at the Farmington Hill light and continue south on HWY 550. Turn right onto CR 214 and head down the hill, at the bottom of the hill turn right onto Rainbow Rd. In approximately 1 mile Look for sign & driveway on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,999
  • Price Per SqFt: $392/SqFt
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Housing Market Comparison

See how this home compares to others in Durango, CO.

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Durango, CO

City

Med. List Price

$979K

Med. Price/SqFt

$482

Avg. Days On Market

98

862 Rainbow Rd vs Durango

13 DAYS ON ROCKET

-85 Days

$649,999

-$329K Less

$392/SqFt

-$90 Less

KEY TAKEAWAY

This property is $329K less than the Median List Price and $90/SqFt less than other homes in Durango, CO.

Based on homes listed in May 2024

MLS Details

MLS Information:

  • MLS Number: #813751

Listing Office:

  • Office Name: Keller Williams Realty Southwest Associates, LLC
  • Listing Agent: Logan Austin

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This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other expert assistance is required, the services of a competent, professional person should be sought

The information contained in this publication is subject to change without notice. COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. CREN SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

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The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Real Estate listings held by other companies contain that company's name. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN).
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Last updated on: 6/3/2024, 3:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 29, 2020Home Sold
$350,000

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-7806812
5
/10

  • Escalante Middle School

  • 141 Baker Ln

  • 4.58 miles

  • Public District Grades 6-8

High School

school-card-donut-7806813
7
/10

  • Durango High School

  • 2390 Main Ave

  • 8.83 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,575. Typical income of Durango, CO residents is between $35k-100k annually. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 862 Rainbow Rd

What is the listing price of this property?

The listing price of 862 Rainbow Rd property is $649,999.

What type of property is this?

The property 862 Rainbow Rd is a house located in Durango, Colorado, 81303.

Is this property for sale now?

Active Listing: 862 Rainbow Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 862 Rainbow Rd are:
Escalante Middle School: GreatSchools Rating 5/10
Durango High School: GreatSchools Rating 7/10

When was this property sold last time and for how much?

The last sale was on May 29, 2020 for $350,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 862 Rainbow Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 862 Rainbow Rd is 1,660 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 862 Rainbow Rd is 1999.

Rocket Homes›Colorado›La Plata County›Durango›81303›862 Rainbow Rd

This home is located at 862 Rainbow Rd in Durango, CO and zip code 81303. This 1,660 square foot home, which was built in 1999, sits on a 15.00 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $649,999.

The number of homes for sale in Durango, CO increased by 51.9% between April 2024 and May 2024. While the average time on the market in May 2024 was 98 days, the median list price was $979,000.

From Rocket Homes Real Estate and based on county public records data.

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