Score
0Durango, CO
631 Horse Thief Ln
995K
3 beds
3 baths
2,913 sqft
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
0:000:00 / 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, 2021Robert Michael Lopez, Karen Marie LopezJeremy Deckert, Laurie Deckert
Warranty Deed
Standard Sale (Purchase/Resales)
$490,000Cash Purchase
Nov 22, 2016Martha 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
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
7.0/10
GoodMiddle
5.0/10
AverageHigh
7.0/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$0
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Location & Comparables
Subject Property
Comparable Sales
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
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 300 Horse Thief Lane, Durango, CO 81301 | $894,561 | 2,363 | 4 | 3 | $37910.8% | 12/3/2024 |
| 112 Mason Cabin, Durango, CO 81301 | $1,050,000 | 2,598 | 3 | 3 | $40418.3% | 9/3/2024 |
| 207 Trimble Crossing Drive, Durango, CO 81301 | $1,285,000 | 2,753 | 3 | 4 | $46736.7% | 8/31/2024 |
| 118 Troon Trail, Durango, CO 81301 | $2,400,000 | 3,395 | 3 | 4 | $707107.0% | 9/22/2024 |
| 646 Horse Thief Lane, Durango, CO 81301 | $400,000 | N/A | N/A | N/A | N/A | 11/19/2024 |
| 6698 County Road 203, Durango, CO 81301 | $865,000 | N/A | N/A | N/A | N/A | 11/7/2024 |
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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