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  • $415,000

    480 Rainbow Drives, Pagosa Springs, CO 81147

    3beds
    1,250sqft
    Modular
    Built in 1979
    0.46 Acres Lot
    $407,000 Zestimate®
    $332/sqft
    $2,292 Estimated rent

    Home value

    $407,000

    Estimated sales range

    Not available

    $2,292/mo

    Zestimate® history
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    What's special

    Modern updatesBack deckGenerous lot sizeNew roofNew stoveBrand-new dishwasherRv pad
    This is a truly hidden gem in one of Pagosa's most desirable neighborhoods. Don’t judge a book by its cover—this centrally located home is full of surprises! Nestled in a highly desirable neighborhood, this home combines modern updates with unbeatable functionality. Inside, you’ll find a well maintained interior with a newly remodeled bathroom, a brand-new dishwasher, and a host of upgrades made in the last five years, including a new stove, microwave, and counter tops. Major updates such as a new roof, furnace, patio door slider, and water heater ensure peace of mind for years to come. Enjoy outdoor living on the back deck overlooking the spacious, partially fenced backyard on nearly half an acre—a perfect retreat for relaxation, gardening, or entertaining. A recently added shed provides extra storage for all your needs. With its generous lot size, there's potential to add a detached or attached garage, a carport, or even an RV pad. Property even has potential to add an Accessory Dwelling Unit that you could rent out as an additional source of income! This location is unbeatable! The home is conveniently located half way between uptown and down town Pagosa Springs. With back road access leading to downtown Pagosa Springs, you'll be blissfully oblivious to the delays summer traffic causes on Putt Hill. A short 7 min drive to The Springs Resort and Spa will ensure you get the most out of your monthly soaking membership! All the conveniences of living downtown without feeling too far from the grocery stores! This home offers more than meets the eye—don’t miss your chance to see its true potential! Schedule your showing today. Seller is a licensed broker in Colorado.

    Zillow last checked:

    Listing updated:

    Listed by:

    Irene Diaz irene@pagosavp.com,

    Pagosa Valley Properties

    Bought with:

    Jerilyn Burton

    Sherpa Real Estate

    Source: CREN,MLS#: 819803MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    Primary bedroom
    • Level: Main
    Dining room
    • Features: Kitchen/Dining
    Heating
    • Forced Air
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
    Features
    • Flooring: Carpet-Partial, Vinyl
    • Basement: Crawl Space
    Interior area
    • Total structure area: 1,250
    • Total interior livable area: 1,250 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck
    • Exterior features: Landscaping
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 0.46 Acres
    • Features: Cleared
    Details
    • Additional structures: Shed(s), Shed/Storage
    • Parcel number: 569911303007
    • Zoning description: Residential Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Raised Ranch
    • Property subtype: Modular
    Materials
    • Wood Frame
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Sewer: Central
    • Water: City Water
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Community
    • Subdivision: Pagosa Hills 4 - 02 Cnty Code 00391
    HOA
    • Has HOA: Yes
    • HOA name: Pagosa Hills
    Location
    • Region: Pagosa Springs

    Financial & listing details

    • Price per square foot: $332/sqft
    • Tax assessed value: $243,210
    • Annual tax amount: $925
    • Date on market: 12/7/2024
    • Electric utility on property: Yes
    • Road surface type: Dirt

    Price history

    DateEventPrice
    2/5/2025Sold$415,000-2.4%$332/sqft
    Source: CREN #819803 Report a problem
    1/5/2025Contingent$425,000$340/sqft
    Source: CREN #819803 Report a problem
    1/1/2025Price change$425,000-5.6%$340/sqft
    Source: CREN #819803 Report a problem
    12/7/2024Listed for sale$450,000+22%$360/sqft
    Source: CREN #819803 Report a problem
    10/16/2021Listing removed--
    Source: NextHome Report a problem
    9/20/2021Price change$369,000-1.6%$295/sqft
    Source: CREN #785764 Report a problem
    9/3/2021Price change$375,000-2.6%$300/sqft
    Source: CREN #785764 Report a problem
    8/13/2021Listed for sale$385,000+175.2%$308/sqft
    Source: CREN #785764 Report a problem
    5/30/2008Sold$139,900$112/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$926 +73.9%$16,290
    2023$532 -4.6%$16,290 +90.5%
    2022$558 $8,550 -2.8%
    2021-- $8,800 +28.5%
    2020$437 +2.9%$6,850
    2019$425 -98.8%$6,850 +10.7%
    2017$35,516 $6,190 +4.4%
    2016-- $5,930
    2015-- $5,930 +30.9%
    2014-- $4,530 -11.2%
    2013-- $5,100
    2012-- $5,100 -54.1%
    2011-- $11,120
    Find assessor info on the county website

    Neighborhood: 81147

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Pagosa Springs K-4
    • Middle: Pagosa Springs 5-8
    • High: Pagosa Springs 9-12

    Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $407,000
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    With Zillow Showcase(estimated)
    $415,140