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Mineral 81154
41 Lower Terrace Dr
$480,000
● House - Off Market

41 Lower Terrace Dr

Creede, CO 81130
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,154 Ft²
$2,555
Est. Monthly
$48
HOA / Fees
3.71%
Cap Rate

About This Property

Main floor living with no stairs in one of the original cabins in Big River Ranch in a private, gated community with private access to the best parts of the Rio Grande River. One of the largest lots in the community at a little more than half an acre, you will feel cozy with the enormous and mature trees surrounding you on three sides, and in awe of the breathtaking views of the cliffs outside of Creede. Wild animals stroll through the common area meadow that is your backyard. This house sits in the middle of one of the most coveted, private, and gated communities in all of Colorado. Lovingly maintained and updated by the owners for the past 32 years, this two bedroom, 1 and 1/2 bathroom cabin has had many upgrades and additions throughout the years. Employing only the most discerning and upscale local builders, additions include the front of the house where the current dining table is located, the front covered deck, stamped concrete pads and walkways, flowers and grass galore, the utility room, the 2 car garage, as well as the back of the house with an added living room, bedroom, and 1/2 bath. All the major work was permitted, and the house has been meticulously maintained throughout the years. The front west-facing deck provides shade for cool summer nights watching the birds and wildlife. The back east facing deck is perfect for morning coffee and watching the animals roam through the community open space. From the deep 2 car garage, mature trees and landscaping, to the large shed to store tools, you will lose track of time with all the great outdoor living spaces. Two separate living rooms, and 2 rooms separated by the kitchen/dining area help you and your guests feel private and peace and quiet. The laundry room has a full size washer/dryer, and deep freezer, and it all makes the tiny cabin feel like you are 'living large'. Landscaped by the current owners, there are mature aspen and spruce planted decades ago to provide privacy and shade.
Unit Size
1,154 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$433
Property Type
House
Property Taxes
$52
HOA Dues
$48
Year Built
1946

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Last updated: 11 months ago (REcolorado MLS #5061472)

Price History

Date / Event Date Event Price
Aug 6, 2024 Sold
Sold
Jul 12, 2024 In contract -
In contract
Jun 4, 2024 Listed by Mountain Dream Real Estate, LLC $499,999
Listed by Mountain Dream Real Estate, LLC
Sep 25, 1992 Sold
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1966
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 26
  • Exterior Walls Type: 0
  • Interior Walls Type: 10
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,572
  • Total Building Area: 1,154
  • Gross Building Area: 1,154
  • Building Area: 1,154
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,154
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BIG RIVER RANCH
  • Land Acres: 0000000610
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: LOT 5 BLOCK 1 BIG RIVER RANCH .28 AC COMMON AREA

Neighborhood

  • School District Name: Creede Consolidated School District 1
  • Census Tract: 973600

Geography

  • Account Number: R001767
  • Parcel: 484531201005
  • Block: 1
  • Lot: 5
  • Latitude: 37.7674
  • Longitude: -106.799

    Address

  • Full Address: 41 Lower Terrace Dr
  • Address - House Number: 41
  • Address - Street Name: Lower Terrace
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Creede
  • Zip Code: 81130

Valuation

    Tax

  • Total Area: 1,363
  • Tax Year: 2022
  • Tax Amount: $52,472
  • Tax Rate Code Area: 19D

    Appraisal Valuation

  • Standard Deviation: 0.1823
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 76
  • Final Value: 273,969
  • High Value: 323,933
  • Low Value: 224,005

    Market Valuation

  • Market Total Value: $109,058
  • Market Land Value: $42,822
  • Market Improvement Value: $66,236

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,579
  • Assessed Land Value: $2,976
  • Assessed Improvements Value: $4,603

    Sales

  • Current Sale Recording Date: Sep 25, 1992
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 25, 1992
  • Previous Sale Contract Date: Sep 25, 1992
  • Previous Sale Amount: $29,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 41 Lower Terrace Drive built and last sold?
The property at 41 Lower Terrace Drive was built in 1946 and last sold on Jan 1, 1970 for $29,500.
How much is this home worth?
The estimated value of the home located at 41 Lower Terrace Drive is $501,047.
What are some comparable homes to 41 Lower Terrace Drive?
There are currently no comparable homes to 41 Lower Terrace Drive.