2 months on rocket

486 Marys Rd, Ridgway, CO, 81432

$1,200,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
2,512 SqFt
$478/SqFt
House

Location

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486 Marys Rd, Ridgway$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1978
HeatingNatural Gas, Wood, Baseboard, Wood Stove
CoolingWindow Unit(s), Ceiling Fan(s)
BasementYes
FireplaceLiving Room
ViewMountain(s)
MLS #818366
Lot Size2.20 Acres
StatusActive

About 486 Marys Rd

PRICE IS NEGOTIABLE - MUST CLOSE BEFORE JAN 1ST FOR LICENSE TO TRANSFER - County is changing regulations on transfers. Are you looking for a house that is instantly ready to go for you? This one of a kind home offers a turn-key solution to your dream of owning a home with substantial earning potential while allowing you to live in the San Juans. This house was a diamond in the rough in its past life, but the current owners have painstakingly converted it into a very profitable, beautiful home. Located in the quiet neighborhood of Idlewild, the home sits exactly between the towns of Ouray and Ridgway and is only 45 minutes to world class skiing in the town of Telluride. Your new home sits on 2.2 acres of stunning prime Colorado land with red cliffs soaring above you to the East and to the West, views of Mt. Abrams to the South and gorgeous Alpenglow skies to the North with the sunsets. The roof, windows, floors, plumbing, septic, electrical, appliances, heating and anything else you can think of, have all been upgraded, rebuilt, replaced and loved. For those that need a little entertainment in the summer, watch the soap operas unfold with the coming and goings of the campground just below the house. The main unit consists of the two upper levels, beautifully remodeled with a rustic and cozy charm. The main level boasts two large bedrooms, a full bath and a large open concept living/kitchen area with a vaulted ceiling featuring an 80in TV nestled above the floor-to-ceiling stone fireplace with a wood burning stove as well as a large wrap around deck to enjoy outdoor dining and stunning views. Take a walk up the hand crafted stairs to the third floor and the huge master suite with a private loft and natural stone shower. This unit has always been used as a Short Term Rental (STR) and the license is transferable to the new owner. There are currently 260 or more 5-Star reviews for this AirBnb and the calendar is constantly booked well into the next year. Let this established money maker do all the hard work for you. The current owner will work with the new buyers to transfer all existing reservations to you. All furniture and supplies needed to operate as an STR can be included if purchased before December 31. Downstairs you will find a separate 1 bedroom, 950 sqft home that has also been remodeled, boasting a large master bedroom, large custom shower and a wood burning stove that will leave you relaxed on a cool winter evening. This unit is currently leased long term, but would make for a great owner's quarters as well. Live in one unit and let the other pay your mortgage for you. Don't overlook this one - homes that pay for themselves in this area are hard to come by!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1978
  • Living Area: 2,512 SqFt

Listing Office:

  • Office Name: NextHome Virtual
  • Listing Agent: Marc Hitchcox

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Oven, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Laminate, Tile
  • Interior: Wood Stove, All Furnishings, Cathedral Ceiling, Ceiling Fan(s)
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Deck, Gas Grill, Landscaping, Shed/Storage, Storage Container

Virtual/3D Tour

  • 3D Tour: 486 Marys Rd
3D Tour
  • 3D Tour: 486 Marys Rd
3D Tour

Lot Features

Lot Information:

  • Lot Size: 2.20 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Wood, Baseboard, Wood Stove
  • Cooling: Window Unit(s), Ceiling Fan(s)

Other

Directions Information:

  • Directions: From Ouray head north to County Road 23, turn toward and go past the KOA campground, turn left on Marys Road, go up the hill and property is on the left once it levels out. Total of 4.5 miles from Ouray.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $478/SqFt

Tax Information:

  • Annual Amount: $1,038
  • Tax Year: 2021
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Housing Market Comparison

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

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Ridgway, CO

City

Med. List Price

$927K

Med. Price/SqFt

$453

Avg. Days On Market

144

# of Sold Homes

1

486 Marys Rd vs Ridgway

83 DAYS ON ROCKET

-61 Days

$1,200,000

+$273K More

$478/SqFt

+$25 More

KEY TAKEAWAY

This property is $273K more than the Median List Price and $25/SqFt more than other homes in Ridgway, CO.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Number: #818366

Listing Office:

  • Office Name: NextHome Virtual
  • Listing Agent: Marc Hitchcox

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: 12/21/2024, 7:20:57 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 19, 2017Home Sold
$220,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,038$21,760
2020$1,038$20,440
2019$1,116$20,440
2017$1,104$21,360

History based on county public records data.

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$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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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-770096
6
/10

  • Ridgway Elementary School

  • 1115 Clinton St

  • 5.87 miles

  • Public District Grades PK-5

school-card-donut-770097
8
/10

  • Telluride Intermediate School

  • 447 W Columbia Ave

  • 11.36 miles

  • Public District Grades 3-6

school-card-donut-770098
7
/10

  • Cottonwood Elementary School

  • 3500 Woodgate Rd

  • 26.42 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,192. Typical income of Ridgway, CO residents is between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 486 Marys Rd

What is the listing price of this property?

The listing price of 486 Marys Rd property is $1,200,000.

What type of property is this?

The property 486 Marys Rd is a house located in Ridgway, Colorado, 81432.

Is this property for sale now?

Active Listing: 486 Marys Rd 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 2021 is $1,038 (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 19, 2017 for $220,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 486 Marys Rd has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 486 Marys Rd is 2,512 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 486 Marys Rd is 1978.

Rocket Homes›Colorado›Ouray County›Ridgway›81432›486 Marys Rd

This home is located at 486 Marys Rd in Ridgway, CO and zip code 81432. This 2,512 square foot home, which was built in 1978, sits on a 2.20 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 29, 2024 and is currently priced at $1,200,000.

The inventory of homes for sale in Ridgway, CO between October 2024 and November 2024 increased by 9.1%. Listings spent 144 days on the market in November 2024, and had a median list price of $927,000 during the same period.

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

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