Residential · Active

1645 Pine Street, 1647

Norwood, CO 81423

3 Beds · 2 Baths · 1,570 Sq Ft

$548,000

Single Family

Property Type

0.25 acres

Lot Size

2022

Year Built

$349

Price per Sq Ft

44516

MLS #

About This Property

BELOW REPLACEMENT COST | 4.5% SELLER FINANCING

Priced well below current replacement value, this 2022 contemporary compound pairs instant equity with unbeatable 4.5% owner-carry terms. Features a sleek 2BR/1BA main home (920 sq ft) plus a detached 650 sq ft ADU over a heated 2-car garage on 0.25 acres. Local Families: Apply the $1,100/mo ADU income toward your 4.5% financing to live in the main home, resulting in an effective principal & interest payment under $1,000/month. Employers/Contractors: Secure turnkey workforce housing only 45 minutes from Telluride. Bypass high bank rates, eliminate costly repairs, and capture an asset generating $2,950/mo in gross rental power. Nearly brand-new efficiency, zero deferred maintenance, and terms you will not find anywhere else in the region. Move-in ready.

168 days on market

Listed by Mike Shimkonis & Asa Van Gelder · Telluride Properties · 970-728-0808

Last updated: 11/2/2026 9:28 AM · Source: Telluride Association of REALTORS®, MLS#: 44516

Property Details

Key Details

Property Type	Residential
Sub Type	Single Family Residence
Status	Active
Price per Sq Ft	$349
Subdivision	Homestead of Shining Mountains
MLS #	44516
Days on Market	168
Bedrooms	3
Full Baths	2

More Details

Year Built	2022
Lot Size (Sq Ft)	10,890
Acres	0.25
Annual Taxes	$3,346
Tax Year	2025
State	CO
County	San Miguel County

Interior

Total Rooms	8
Heating	Electric, Natural Gas, Other
Fireplace Features	Gas Log

Exterior & Parking

Garage	Yes
Parking Features	Heated Garage

Building & Lot

Basement	Unfinished, Crawl Space
Architectural Style	Contemporary
Construction	Frame, Wood (Painted)
Sewer	Septic Tank
Water Source	Public
New Construction	No

Location

Price History

Date	Event	Price
11/2/2026	Price change Source: Telluride Association of REALTORS® #44516	$548,000 -23.9% $349/sqft
11/2/2026	Listed for sale Source: Telluride Association of REALTORS® #44516	$720,000 +20.4% $459/sqft
9/10/2026	Price change Source: Telluride Association of REALTORS® #44516	$598,000 -0.2% $381/sqft
8/12/2026	Price change Source: Telluride Association of REALTORS® #44516	$599,000 -14.3% $382/sqft
6/30/2026	Price change Source: Telluride Association of REALTORS® #44516	$699,000 +1,065.0% $445/sqft
4/12/2021	Sold Source: Telluride Association of REALTORS® #39747	$60,000 $38/sqft
4/12/2021	Listed for sale Source: Telluride Association of REALTORS® #39747	$60,000 $38/sqft

Listing information last updated November 2, 2026 at 9:28 AM.