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631 Horse Thief Ln
Score
0
Durango, CO

631 Horse Thief Ln

995K
3 bd • 3 ba • 2,913 sf

This analysis was generated on 1/28/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$995,000

Price/Sq.Ft

$342

Year Built

1995

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Desirable single-level floor plan: The home offers a rare 2,900 square feet of single-level living, making it accessible and convenient for a variety of buyers, especially those seeking to avoid stairs. This is especially important for older buyers. • New roof: The new roof installed in 2024 is a significant upgrade that reduces immediate maintenance costs and concerns. This is an attractive feature for buyers looking for a move-in ready home. • Three-car garage: The three-car garage provides ample space for vehicles and storage, a highly desirable feature in Durango's outdoor-centric lifestyle. • Split floor plan: The split floor plan offers enhanced privacy with the master suite separated from the other bedrooms, making it ideal for families or those who prefer a quiet master retreat. • High-end features: Granite counters, walk-in closets, a water softener, and a reverse osmosis water system are attractive amenities that add value to the property. • Access to community amenities: Access to the Dalton Ranch Golf Club, with its restaurant, pool, gym, pickleball, and tennis courts, offers a resort-style living experience. The golf cart access adds an additional layer of convenience. • Convenient location: The property is located in the picturesque Animas Valley, 20 minutes from the ski resort, 10 minutes from downtown, and close to local amenities like PJ’s Gourmet Market and Durango Hot Springs. • Ample natural light: The large windows throughout the home provide plenty of natural light, enhancing the living experience.

The Bad

• High price per square foot: At $341.57 per square foot, this property is more expensive than many comparable homes in the Durango area. This pricing may deter some buyers who are looking for more value within the price range. • Days on market: The property has been on the market for 41 days, which is longer than the average for desirable properties in Durango. This may indicate overpricing or other issues that need to be addressed. • Price reduction history: The property has undergone multiple price reductions since being listed, starting at $1,250,000 and now at $995,000. This suggests the initial price was not in line with market demand and may indicate the seller is still willing to negotiate. • Lack of specific median income data: The absence of median income data makes it difficult to fully contextualize the property's affordability within the broader local market. • Age of the home: Built in 1995, the home is not new construction, and buyers may need to consider potential upgrades or maintenance in the near future.

The Ugly

• Extreme flood risk (10/10): The property's location in FEMA flood zone AE presents a severe and ongoing risk of flooding, which could lead to significant property damage, high insurance costs, and potential devaluation. This is a critical concern that cannot be ignored. • Major fire risk (6/10): The high fire risk means that the property is vulnerable to wildfires, which could result in substantial property damage, high insurance premiums, and potential safety hazards. This is a significant liability for buyers. • High insurance costs: The combination of flood and fire risks will likely result in extremely high insurance premiums, making the cost of ownership significantly higher than other properties without these risks. The estimated $3,582/year might be a low estimate. • Potential for high maintenance costs: Given the home’s age (built in 1995), buyers should anticipate the need for potential upgrades and maintenance, especially with systems and appliances that might be nearing the end of their lifespan. • Multiple price reductions: The history of multiple price reductions signals that the property was initially overpriced. Buyers should consider this when making an offer and should not assume the current price is the lowest the seller will go. • Market volatility: The Durango market can be competitive and subject to seasonal fluctuations, which could affect the long-term value of the property. The significant price increase in 2024 and subsequent reductions show the volatility.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Families seeking a single-level home with a split floor plan: The layout provides privacy with the master suite separated from the other bedrooms, ideal for families with children or those who prefer a quiet master retreat. The three-car garage offers ample storage for vehicles and recreational equipment. • Golf enthusiasts: Direct golf cart access to the Dalton Ranch Golf Club, with its restaurant and community amenities (pool, gym, tennis, pickleball), is a major draw for avid golfers and those seeking a resort-style lifestyle. • Buyers prioritizing natural light and views: The large windows throughout the home, combined with the lush cul-de-sac setting in the Animas Valley, provide ample natural light and beautiful views. • Homeowners looking for a move-in ready home: The new roof (2024), water softener, reverse osmosis system, and included appliances mean less immediate maintenance and upgrade costs for new buyers. • Individuals with a budget for high-end, amenity-rich communities: The price point aligns with other properties in South Dalton Ranch, where the HOA and community amenities contribute to a high quality of life.

Not For

• Buyers seeking a low-cost home: At $341.57 per square foot and a total price of $995,000, this property is positioned at the higher end of the Durango market. Those with a limited budget or seeking affordable options will likely find this home out of reach. • Risk-averse buyers: The extreme flood risk (10/10) and major fire risk (6/10) present significant insurance and potential damage concerns. Buyers who prefer low-risk properties should consider other options. • Buyers needing extensive outdoor space: While the property is on a cul-de-sac, the landscaping and yard are typical for the neighborhood, not offering acreage or large gardens. • Buyers who prioritize proximity to city centers: Although only 10 minutes from downtown, the property’s location in the Animas Valley might feel remote for those who prefer a more urban lifestyle and closer proximity to city amenities and culture. • Buyers sensitive to air quality: The major air quality risk (5/10) and 7 bad air days per year could be concerning for individuals with respiratory sensitivities or those seeking pristine air quality.
Demographics
Area Median Income

$0

Property History

Price History
Ownership Timeline
$810,000Financed
Oct 19, 2021
Robert Michael Lopez, Karen Marie LopezJeremy Deckert, Laurie Deckert
Warranty Deed
Standard Sale (Purchase/Resales)
$490,000Cash Purchase
Nov 22, 2016
Martha M BruceRobert Michael Lopez, Karen Marie Lopez
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$2,331
2024 Tax Assessment
42.0%from previous year
Assessed Value$57,420
Tax Rate4.06%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

floodSEVERE

FEMA Zone: High Risk Area

Insurance: Required

fireMAJOR

Insurance: Required

airMODERATE

7 bad air quality days per year

heatMINIMAL

9 extreme heat days per year

98th percentile: 81°F

windMINIMAL

Insurance: Optional

Risk Analysis

• Extreme flood risk (10/10): Being in FEMA flood zone AE means that flood insurance is critical and can be very expensive. The risk of damage from flooding is high, and buyers need to factor in potential repair costs and mitigation measures. • Major fire risk (6/10): The property is located in a wildfire-prone area, which will result in higher insurance premiums. Buyers must consider the cost and effort of creating defensible space and other fire mitigation measures. • Air quality risk: With a major air quality risk (5/10) and 7 bad air days per year, buyers should be prepared for potential health impacts and consider air filtration systems. • Price fluctuations: The property has had multiple price reductions over the past few months, indicating that the initial listing price was too high. While the current price may be more market-aligned, there is still a risk of further price adjustments, or a struggle to sell. • HOA regulations and costs: While the community offers great amenities, buyers should thoroughly understand HOA rules, fees, and any potential restrictions or assessments that might impact costs and usage. • Potential for high insurance costs: The combination of flood and fire risks could lead to exceptionally high insurance premiums, adding significantly to the monthly cost of homeownership.
Insurance
Annual Cost

$3,582

$299 per month

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Schools

Animas Valley Elementary School

Public•Grades PK-5
7/5
Primary
1.3 mi
Get more information on GreatSchools

Miller Middle School

Public•Grades 6-8
5/5
Middle
6.5 mi
Get more information on GreatSchools

Durango High School

Public•Grades 9-12
7/5
High
6.8 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (3 bed)

$0

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$995,000
Price/sqft
$342
Layout
3 bd•3 ba
Days on market
40 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,149,094

13.4%

Your price is 13.4% below average

Median Price

$1,050,000

5.2%

Based on 6 recent sales

Price per Sq.Ft

$489

30.1%

Your price is 30.1% below average $/sqft

Comparable Properties

300 Horse Thief Lane, Durango, CO 81301
Price: $894,561
Sq.Ft: 2,363
Beds/Baths: 4/3
$/Sq.Ft:
$37910.8%
Sale Date: 12/3/2024
112 Mason Cabin, Durango, CO 81301
Price: $1,050,000
Sq.Ft: 2,598
Beds/Baths: 3/3
$/Sq.Ft:
$40418.3%
Sale Date: 9/3/2024
207 Trimble Crossing Drive, Durango, CO 81301
Price: $1,285,000
Sq.Ft: 2,753
Beds/Baths: 3/4
$/Sq.Ft:
$46736.7%
Sale Date: 8/31/2024
118 Troon Trail, Durango, CO 81301
Price: $2,400,000
Sq.Ft: 3,395
Beds/Baths: 3/4
$/Sq.Ft:
$707107.0%
Sale Date: 9/22/2024
646 Horse Thief Lane, Durango, CO 81301
Price: $400,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/19/2024
6698 County Road 203, Durango, CO 81301
Price: $865,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/7/2024

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