5 months on rocket

118 W Mill St, Bayfield, CO, 81122

$480,000

Home List Price

$5,700*

Closing Credit

4 Bedrooms
2 Full Baths
1,746 SqFt
$275/SqFt
House

Location

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118 W Mill St, Bayfield$480,000

Buyer Closing Credits

$5,700*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached Garage
Garage2 spaces
Year Built1972
CoolingWindow Unit(s), Ceiling Fan(s)
MLS #814782
Lot Size0.19 Acres
StatusActive

About 118 W Mill St

Nestled in the heart of downtown Bayfield, this charming cottage-style home on Historic Mill Street offers the perfect blend of urban convenience and investment potential. This parcel has the potential to be zoned residential and commercial (Buyer and Buyer’s agent to confirm with Town of Bayfield), the possibilities are endless! Whether you’re looking for a stylish downtown residence, a business location, or a profitable rental opportunity, this property has it all. The home features flexible living arrangements, with three to four bedrooms or the option of converting the upstairs into a separate income-generating unit. The second floor can function as a mother-in-law suite, a caregiver unit, or a short-term rental, making this a true two-in-one property. Both levels can also be divided into individual rentals, each with two bedrooms and one bathroom. Steps away from six local restaurants, two parks, playgrounds, and the scenic Pine River, this home offers the ultimate walkable lifestyle. The house also boasts a living room and a bonus family room with vaulted ceilings that let in plenty of natural light and air. The contemporary kitchen includes pull-out drawers and soft-close cabinets, while two bathrooms, a front porch, and a back patio off the master bedroom add to the home’s comfort and charm. With convenient access to the highway, you're just 20 minutes away from Durango. Recent upgrades include metal siding, a spacious two-door garage, a 10x8 shed, new flooring, new paint, appliances, and shelving in the garage. Take advantage of this rare opportunity to live and invest in downtown Bayfield!

Property Details

Property Features

Property Information:

  • Year Built: 1972
  • Stories: 2
  • Living Area: 1,746 SqFt

Listing Office:

  • Office Name: Colorado Lifestyle Property Management
  • Listing Agent: Austin Smith

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Range, Oven, Refrigerator, Washer
  • Flooring Type: Carpet-Partial, Tile
  • Interior: Ceiling Fan(s), Pantry, Garage Door Opener

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Deck, Garage, Shed

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached Garage

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Cooling: Window Unit(s), Ceiling Fan(s)

Other

Directions Information:

  • Directions: From Durango east on 160, take Bayfield Parkway exit. Cross Los Pinos River Bridge and take first right onto W Mill Street. House is on the right-hand side, after Taco Boy.

Price Information

Listing Price Info

Price Summary:

  • List Price: $480,000
  • Price Per SqFt: $275/SqFt

Tax Information:

  • Annual Amount: $1,218
  • Tax Year: 2020
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Housing Market Comparison

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

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Bayfield, CO

City

Med. List Price

$625K

Med. Price/SqFt

$311

Avg. Days On Market

109

118 W Mill St vs Bayfield

154 DAYS ON ROCKET

+45 Days

$480,000

-$145K Less

$275/SqFt

-$36 Less

KEY TAKEAWAY

This property is $145K less than the Median List Price and $36/SqFt less than other homes in Bayfield, CO.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Number: #814782

Listing Office:

  • Office Name: Colorado Lifestyle Property Management
  • Listing Agent: Austin Smith

IDX SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.

TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information 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. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

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COPYRIGHT (2024) by COLORADO REAL ESTATE NETWORK, 121 N PARK AVENUE, SUITE# 4, MONTROSE, CO 81401 USA
ALL RIGHTS RESERVED WORLDWIDE. 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).

Real Estate listings held by companies other than this brokerage contain that company's name.

Fair Housing Disclaimer
Equal Housing PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/16/2024, 3:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,218$18,930
2019$1,187$18,930
2018$1,152$18,690
2017$1,156$18,690

History based on county public records data.

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$2,463

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,506

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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.

Nearby Schools

school-card-donut-504434
5
/10

  • Bayfield Elementary School

  • 720 E Oak Dr

  • 1.09 miles

  • Public District Grades 2-5

school-card-donut-504435
2
/10

  • Ignacio Elementary School

  • 85 County Road 320

  • 7.69 miles

  • Public District Grades KG-5

school-card-donut-504436
5
/10

  • Florida Mesa Elementary School

  • 216 Highway 172

  • 10.62 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,598. The majority of Bayfield, CO residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 118 W Mill St

What is the listing price of this property?

The listing price of 118 W Mill St property is $480,000.

What type of property is this?

The property 118 W Mill St is a house located in Bayfield, Colorado, 81122.

Is this property for sale now?

Active Listing: 118 W Mill St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,218 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 118 W Mill St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 118 W Mill St is 1,746 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 118 W Mill St is 1972.

Rocket Homes›Colorado›La Plata County›Bayfield›81122›118 W Mill St

This home is located at 118 W Mill St in Bayfield, CO and zip code 81122. This 1,746 square foot home, which was built in 1972, sits on a 0.19 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 14, 2024 and is currently priced at $480,000.

In October 2024 in Bayfield, CO there were 19.6% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $625,000, while the average time on the real estate market was 109 days.

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

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