Three Springs Townhomes, Durango Colorado

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Three Springs is my second rated community in the Townhomes under $600,000 category with a rating of 7/10; This community offers wide open space and newer homes in town; There are newer free-standing homes, patio homes, and townhomes. It is located in the southern section of the city limits in the Grandview area and is home to Mercy Regional Medical Center. The community has a trolley stop, business district, open space, parks, and walking trails. Three Springs townhomes sold in the $377,000 to $662,000 range during 2021/22, with an average price of $432,500.

Five reasons you’ll want to call Three Springs home:

  • Newer homes
  • Convenient business district
  • Trolley stop in community
  • Open space and walking trails
  • Plenty of homes available to choose from
Attributes Comments Rating 1-10
Quality of Roads All Paved 10
Distance to Town Located at edge of city limits, 10 minutes to downtown 7
Snow Levels Moderate to low 9
Yard / Patio Size Most townhomes have medium sized patios and small front yard area 7
Proximity to Schools All schools are 10-15 minutes away 3
Natural Gas Availability yes 10
Road / Other Noise none 10
Proximity to poorly maintained homes Not applicable 10
Views none 1
Central Water/Sewer yes 10
Age of area homes Built within the last 10 years 9
Value for Your Money Newer homes with standard + finishes 7
Appreciation Potential Low, developer will be adding inventory for years to come 2
Ratings for Condominiums, Planned Unit Developments, and Townhomes
Floorplans Efficient / Standard 5
Age of Community Built within last 8 years 6
Interior Finishes Standard+ 6
Financing Availability 3% down conventional financing 10
Landscaping Front yard areas 5
Garages Some homes have 1 or 2 car garages 7
Owner Occupancy Most homes are owner occupied 8
Amenities Close to some offices, stores, and restaurants, walking trails, parks, and Mercy  Regional Medical Center 7
HOA dues $130 – too low to maintain sufficient reserves for capital improvements 5
Average Ratings 7