5 months on rocket

3101 Cornerstone Dr, Pagosa Springs, CO, 81147

$599,000

0.69 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeBusiness
ViewMountain(s)
MLS #815237
Lot Size0.69 Acres
StatusActive

About 3101 Cornerstone Dr

Location and Accessibility: Located one block away from US Highway 160 with a traffic count of 16,000 vehicles per day.Close proximity (less than 500 feet walking distance) to major retailers such as Walmart, O'Reilly Auto Parts, Circle K, and Four States Tire and Service. Across the street from a planned residential development of over 70 units, indicating growing local population and potential customer base. Property Features: Sidewalks, curbs, gutters already in place, enhancing accessibility and appeal. Includes plans for three separate units designed for multi-use retail/office and residential purposes. Offers 34 parking spots and ADA accessibility, meeting modern standards and convenience requirements. Investment Potential: Presents an excellent opportunity for generating multiple streams of income through retail, office, and residential rental spaces. Located in a rapidly growing area with Pagosa Springs experiencing significant growth driven by its affordability compared to other Western Colorado mountain towns. Annual tourism averaging 375,000 visitors due to attractions like Wolf Creek Ski Resort, Pagosa Hot Springs, and outdoor recreational activities throughout the year. Market Advantage: Positioned in one of the fastest growing regions of Colorado, benefiting from both local population growth and tourism. Lower price point compared to neighboring mountain towns makes it attractive for investors and businesses looking to capitalize on growth potential. Conclusion: This commercial property in Pagosa Springs offers a compelling investment opportunity due to its prime location, infrastructure, proximity to major retailers, and projected residential growth. With tourism as a significant economic driver and favorable market conditions, it represents a strategic asset for income generation and long-term appreciation. Potential investors and businesses looking to expand into a burgeoning market with diverse revenue streams should consider this offering seriously.

Property Details

Property Features

Listing Office:

  • Office Name: The Wells Group of Durango, LLC
  • Listing Agent: Eric Roark

Exterior Features

Exterior Information:

  • View: Mountain(s)

Lot Features

Lot Information:

  • Lot: Cleared
  • Lot Size: 0.69 Acres

Other

Directions Information:

  • Directions: South on Aspen Village Drive from Hwy. 160 at Traffic Signal. Lot Located on Southwest Corner of Cornerstone Drive and Aspen Village Drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000

Tax Information:

  • Annual Amount: $1,360
  • Tax Year: 2017
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Housing Market Comparison

See how this home compares to others in Pagosa Springs, CO.

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Pagosa Springs, CO

City

Med. List Price

$707.5K

Med. Price/SqFt

$345

Avg. Days On Market

146

3101 Cornerstone Dr vs Pagosa Springs

179 DAYS ON ROCKET

+33 Days

$599,000

-$108.5K Less

KEY TAKEAWAY

This property is $108.5K less than the Median List Price in Pagosa Springs, CO.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #815237

Listing Office:

  • Office Name: The Wells Group of Durango, LLC
  • Listing Agent: Eric Roark

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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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).

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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: 12/22/2024, 5:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 05, 2021Home Sold
$315,000
Jan 20, 2012Home Sold
$185,000
Jun 01, 2006Home Sold
$335,000

Tax History

YEARPROP. TAXASSESSMENT
2020 - -
2017$1,360$20,090

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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Rocket Mortgage

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-1030025
6
/10

  • Pagosa Springs Elementary School

  • 141 South 10th Street

  • 2.24 miles

  • Public District Grades KG-4

school-card-donut-1030026
1
/10

  • Dulce Elementary School

  • Hawk Dr

  • 22.45 miles

  • Public District Grades PK-5

school-card-donut-1030027
5
/10

  • Bayfield Elementary School

  • 720 E Oak Dr

  • 29.14 miles

  • Public District Grades 2-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,904. The majority of Pagosa Springs, CO residents have income between $35k-100k annually. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3101 Cornerstone Dr

What is the listing price of this property?

The listing price of 3101 Cornerstone Dr property is $599,000.

What type of property is this?

The property 3101 Cornerstone Dr is land located in Pagosa Springs, Colorado, 81147.

Is this property for sale now?

Active Listing: 3101 Cornerstone Dr 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 2017 is $1,360 (source: MLS/based on county public records data).

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

The last sale was on October 5, 2021 for $315,000. (source: MLS/tax record).

How much acreage is this property?

The property 3101 Cornerstone Dr is 0.69 acres.
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Rocket Homes›Colorado›Archuleta County›Pagosa Springs›81147›3101 Cornerstone Dr

This home is located at 3101 Cornerstone Dr in Pagosa Springs, CO and zip code 81147. This home sits on a 0.69 acre lot. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $599,000.

The inventory of homes for sale in Pagosa Springs, CO between October 2024 and November 2024 increased by 19.9%. The median list price of listings available in November 2024 was $707,500, while the average time on the real estate market was 146 days.

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

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