Price Reduction - Primary on Main
Address
498 S Church Street Bayfield, CO
Price
$ 339,000
Property Attributes
  • MLS#786205
  • TypeSingle Family
  • CountyLA PLATA
  • CityBayfield
  • AreaBayfield In Town
  • Zip81122
  • Style
  • Year Built1965
  • Taxes$ 2219
  • Price$ 339,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1309
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
The Wells Group of Durango, Inc.
Data Source:
Colorado Real Estate Network (CREN) - 253 - CO
Property Description

Seller is motivated! Previously full commercial, it was rezoned to include a residential apartment in 2018. It is now dual-occupancy that is up to code with an additional of an ADA compliant bathroom. Roughly 50/50 split, with the front for business and the back being a 1-bedroom apartment that has a great kitchen and large soaking tub. Buyer may use as a Live/Work set up, rent both halves separately for generous passive income, or revert back to full commercial use. There is also a 350sf shed with electricity that provides additional opportunities for the creative or business eye and some TLC. Partial owner-carry assumption if desired. 498 S. Church Street is a rare gem in historic downtown Bayfield on the corner of Church Street and Mill Street. This area is filled with side streets of cute cottage-like homes, mature trees, flourishing greenery and flowers all summer long, while being close to two parks and the Los Pinos River. This property is also a couple of blocks away from multiple restaurants and has some of the best private parking and business viability available in downtown Bayfield. This is one of the last great money-making properties in downtown Bayfield as the revitalization continues (there have already been four new restaurants spring up within the last two years). Annual town parades and summer block parties that happen on Mill Street add further charm and business potential to this location. As a solid brick building, the architect who helped with the remodel loved the idea of adding a second story and found it very feasible. Years ago, this was the town's Post Office and later the Marshall's Office. It's an opportunity to own a little bit of history. Behind the bathroom mirror it even says the date built and by whom. This is a dream property that will only increase in value as the downtown continues to be revitalized in the years to come. Property is priced to sell.

Elementary School Middle School High School
Bayfield K-5 Elementary School Bayfield 6-8 Middle School Bayfield 9-12 High School
Price History
8/25/2021 Listed $375,000
10/19/2021 2% - $370,000
11/29/2021 9% - $339,000

General Features

Class RESIDENTIAL
Cooling Window A/C Unit(s)
Exterior Features Shed/Storage
Flooring Carpet-Partial, Tile
Green Certification Y/n No
Heating Forced Air
Hoa Y/n No
New Construction Y/N No
Property Description Corner
Roof Composition
Status Active
Status Active
Stories One Story
Subdivision None
Type Stick Built
Utilities Electric, Natural Gas, Internet
Zoning Residential Single Family, Commercial, Mixed-Use

Interior Features

Appliances Range/Oven, Exhaust Fan
Full Baths 1
Master Bedroom Level Main Level

Exterior Features

Carport No
Construction Type Brick
Exterior Structures Shed
Lot Dimensions .11
Lot Size Area 0.11
Water Rights/irrig. No
Waterfront No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 81122

Price
AVG $1.35M
$340K
Taxes
AVG $2,951
$2,219
Visits
AVG 62
30
Year Built
AVG 1990
1965
Walkscore
AVG 30
30
Data Provided by Walkscore ® not using MLS data

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