NOT LISTED FOR SALE

1515 Red Mountain Ranch Rd Crested Butte, CO 81224

Estimated Value: $4,257,000 - $4,607,000

4 Beds
4.5 Baths
4,975 Sq Ft
$885/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $4,150,000 $834 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $26,115/month

240 Days on Market

Highlights

  • Home Theater
  • RV or Boat Parking
  • 35.1 Acre Lot
  • Crested Butte Community School Rated A-
  • Gated Community
  • Mountain View

About This Home

As of November 2022

Rarely do we have the opportunity to present a home of this stature to the public. Incredible appeal from the moment you arrive. Architecturally creative, physically beautiful, functionally superior and unsurpassed craftsmanship. All nestled together in this forested hillside location. Enter into the great room with massive reclaimed timbers and stone fireplace. Wide plank flooring surrounds the room including living area, dining, desk area, chef's kitchen, and butler's pantry. The views down valley are extraordinary. Take in the great sound system and start wandering to the family entry with laundry and "toy" storage, a powder room and an en suite primary bedroom with it's own fireplace. With two primary bedroom suites, the 2nd floor offers an even more spacious bedroom surrounded by windows a 3rd fireplace, desk space, jacuzzi tub and shower. Now we drop down to the walk-out garden level with open entertainment room with built-in bar, television viewing, pool table and card/puzzle area. Additionally there are two en suite bedrooms off this area. Landscaping shouldn't be missed! From the gardens surrounding the front entrance walk under the bridge to additional gardens with massive boulders, lush greenery and flowers to the fire pit and sitting areas, all quiet, private and serene. Let's not forget the 3 car heated garage with work space, on demand heat system for the apron in front of the garages, dog washing station and water storage.

Last Listed By

Cathy Benson

LIV Sotheby's International Realty - CB Listed on: 02/14/2022

LIV Sotheby's International Realty - CB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,492

Year Built

  • Built in 2007

Lot Details

  • 35.1 Acre Lot
  • Landscaped
  • Wooded Lot

HOA Fees

  • $250 Monthly HOA Fees

Property Views

  • Mountain
  • Valley

Home Design

  • Post and Beam
  • Raised Foundation
  • Slab Foundation
  • Cedar Siding
  • Stone Siding
  • Stick Built Home
  • Stone

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Central Vacuum
  • Furnished
  • Sound System
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Window Treatments
  • Wood Frame Window
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Home Theater
  • 2 Home Offices
  • Home Gym
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Breakfast Bar
  • Built-In Double Convection Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire Sprinkler System

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • RV or Boat Parking

Outdoor Features

  • Balcony
  • Outdoor Gas Grill

Schools

  • Crested Butte Community K-12 Elementary And Middle School
  • Crested Butte Community K-12 High School

Utilities

  • Vented Exhaust Fan
  • Boiler Heating System
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Irrigation Water Rights
  • Well
  • Tankless Water Heater
  • Propane Water Heater
  • Water Purifier
  • Septic Tank
  • Septic System
  • Internet Available
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Energy-Efficient Roof
  • 1 Irrigated Acre

Listing and Financial Details

  • Assessor Parcel Number 325700005005

Community Details

Overview

  • Association fees include trash, snow removal, road maintenance, common area taxes
  • Red Mountain Ranch HOA

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,492

Year Built

Built in 2007

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Appliance Inclusions: Range Top, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Double Oven, Exhaust Fan, Water Purifier, Oven-Convection, Oven-Wall
  • Estimated Irrigation Acres: 1
  • Estimated Total Acres: 35.1
  • Class: RESIDENTIAL
  • Common Facilities: Gated Community
  • Em Deposit: 250,000
  • Em Holder: Land Title
  • Exterior Inclusions: Satellite Dish, Landscaping, Gas Grill, Balcony
  • Interior Inclusions: Window Coverings, Wired/Cable TV, All Furnishings, Cathedral Ceiling, Ceiling Fan(s), Sound System, Wet Bar, Vaulted Ceiling, Granite Counters, Jetted Tub, Pantry, Security System, Walk In Closet, Central Vacuum, Garage Door Opener, Fire Sprinklers, Air Lock Entry, Fitness Room, Media Room, Heated Garage
  • Legal Lot Block: LOT 44, RED MOUNTAIN RANCH SUBDIVISION PHASE II RECEPTION NUMBER 597005
  • List Price per Sq Ft: 904.52
  • Lot Size Acreage: 35+
  • Parcel Id Number: 325700005005
  • Price Per Sq Ft: 834.17
  • Property Description: Wooded Lot
  • Real Estate Included: Yes
  • Realist Id: 325700005005
  • Residence Stories: Three Story
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Cedar, Stone
  • Sold Price Sq Ft: 834.17
  • Street Descriptionaccess: Private, Gravel, 100'-150' Frontage, Private Winter Maintenanc
  • Street Designation: Road
  • Tax Account Id: R032722
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Access: Year Round
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: Century Link
  • Internet Service: Yes
  • Total Taxes Dollar: 12,492
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 20

Interior Features

  • Dining Room: Island, Kitchen Bar, Living Room Dining
  • Bedrooms: 4
  • Flooring: Carpet-Partial, Hardwood, Slate, Tile
  • Estimated Total Sq Ft: 4975
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Family Room: Yes
  • Fireplace Location Type: Gas Logs, Bedroom, Living Room
  • Foundation: Slab, Stemwall, Basement-walk out, Basement-finished, Insulated
  • Lower Level Sq Ft: 1487
  • Main Level Sq Ft: 2292
  • Master Bedroom Level: Main Level, Upper Level
  • Total Office Den: 2
  • Upper Level Sq Ft: 1196

Exterior Features

  • Windows: Clad, Double Pane, Low Emittance, Metal, Wood
  • Construction Type: Wood Frame, Wood, Stone, Post & Beam
  • Views: Mountains, Valley

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 3

Utilities

  • Utilities: Electric, Propane-Tank Leased, Internet, Phone - Cell Reception, Phone - Landline
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: AmeriGas
  • Heating System: Boiler, Floor Radiant
  • Irrigation Water Description Amount: Up to 1 acre
  • Irrigation Water District: Upper Gunnison Water shed
  • Sewer Supplier: Septic
  • Water Heater: Propane Water Heater, Tankless
  • Water Rights Irrigation: Yes
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 273677-A

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Trash, Snow Removal, Road Maintenance, Common Area Taxes
  • Hoametro Fees: $3,000
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Red Mountain Ranch HOA

Schools

  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12
  • High School: Crested Butte Community K-12
  • High School: Crested Butte Community K-12

Green Features

  • Green Efficient: Roofing

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

MLS Schools

  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
Nov 18, 2022
Sold by
Adam Family Red Mountain Home Llc
Bought by
Empire Kidder Properties Llc
Seller's Agent
Cathy Benson
LIV Sotheby's International Realty - CB
Buyer's Agent
Gunnison NON MEMBER
NON-MEMBER/FSBO Gunnison
List Price
$5,100,000
Sold Price
$4,150,000
Premium/Discount to List
-$950,000
-18.63%
Total Days on Market
240
Views
1
Current Estimated Value
$4,402,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,132
Avg. Annual Appreciation
1.80%

Purchase Details

Listed on
Feb 14, 2022
Closed on
Nov 17, 2022
Sold by
Adam Family Red Mountain Home Llc
Bought by
Adam Family Red Mountain Home Llc
Seller's Agent
Cathy Benson
LIV Sotheby's International Realty - CB
Buyer's Agent
Gunnison NON MEMBER
NON-MEMBER/FSBO Gunnison
List Price
$5,100,000
Sold Price
$4,150,000
Premium/Discount to List
-$950,000
-18.63%
Views
1

Purchase Details

Closed on
Jun 27, 2017
Sold by
Adam Jeffery Stephens and Jeffery Stephen Adam Revocable
Bought by
Adam Family Red Mountain Home Llc

Purchase Details

Closed on
Feb 18, 2010
Sold by
Jeffrey Stephens Adam Revocable Living T
Bought by
Jeffery Stephens Adam Revocable Living T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 25, 2004
Sold by
White Buffalo Trading Company
Bought by
Adam Jeffrey Stephens Rev Living Trust

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Empire Kidder Properties Llc $4,150,000 --
Adam Family Red Mountain Home Llc -- Land Title
Adam Family Red Mountain Home Llc -- None Available
Jeffery Stephens Adam Revocable Living T -- First Gunnison Title & Escro
Adam Jeffrey Stephens Rev Living Trust $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jeffery Stephens Adam Revocable Living T $2,000,000
Previous Owner Adam Jeffrey Stephens $2,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $4,150,000 -7.8% $834 / Sq Ft
10/12/2022 10/12/22 Pending -- -- --
07/21/2022 07/21/22 Price Changed $4,500,000 -11.8% $905 / Sq Ft
02/14/2022 02/14/22 For Sale $5,100,000 -- $1,025 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,510 $292,780 $29,590 $263,190
2023 $17,510 $289,100 $29,220 $259,880
2022 $14,089 $207,150 $20,850 $186,300
2021 $12,492 $213,110 $21,450 $191,660
2020 $11,797 $203,470 $21,450 $182,020
2019 $11,530 $203,470 $21,450 $182,020
2018 $10,197 $173,850 $19,200 $154,650
2017 $10,299 $173,850 $19,200 $154,650
2016 $12,562 $225,790 $17,510 $208,280
2015 $3,461 $225,790 $17,510 $208,280
2014 $3,461 $122,720 $17,510 $105,210
Source: Public Records

Agents Affiliated with this Home

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Source: Colorado Real Estate Network (CREN)

MLS Number: 790532

Colorado Real Estate Network (CREN)

APN: R032722