$1,323,000
SOLD JUN 22, 2016

160 Red Rock Rd Basalt, CO 81621

5 Beds
4.5 Baths
4,742 Sq Ft
2.98 Acres

Recently Sold

$279 Per Sq Ft

17% Below List Price

Highlights

  • 2.98 Acre Lot
  • Patio
  • Laundry Room
  • Green Building
  • Resident Manager or Management On Site
  • Landscaped with Trees

About This Home

As of December 2020

SOLD AS-IS*BUYER TO VERIFY HOA* Stunning, expansive Emma's architectural home on 3 acres with outstanding views! This home features a breathtaking floor plan featuring 5 bedrooms, high-end finishes, stone & wood floors, gourmet kitchen, huge master suite, wet bar, open floor plan, & so much more. Great location with lots of privacy but close to all that Willits has to offer. Don't miss out on this great Basalt home!

Last Agent to Sell the Property

Thomas F 'Tom' DiMercurio, BA, MBA,

Mercury Alliance Mountain Properties License #ER40017694 Listed on: 05/13/2016

Co-Listed By

Viola Robinson

Xome Inc

Last Buyer's Agent

Brent Waldron

Aspen Snowmass Sotheby's International Realty - Hyman Mall License #EA124761

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,293

Year Built

  • Built in 2000

Lot Details

  • 2.98 Acre Lot
  • Landscaped with Trees
  • Property is in good condition

Parking

  • 2 Car Garage

Home Design

  • Poured Concrete
  • Frame Construction
  • Composition Roof
  • Composition Shingle Roof
  • Wood Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,742 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Laundry Room
  • Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Radiant Heating System
  • Water Rights Not Included
  • Well
  • Septic Tank
  • Septic System

Additional Features

  • Green Building
  • Patio
  • Mineral Rights Excluded

Listing and Financial Details

  • Auction
  • REO, home is currently bank or lender owned
  • Exclusions: See Remarks
  • Assessor Parcel Number 246510401003

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management
  • Red Rock Ranch Subdivision

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,293

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.98
  • Co List Office Mls Id: 219510011
  • Inclusions: See Remarks
  • Subdivision Name: Red Rock Ranch
  • Directions: Willits Ln to Hooks Bridge, cross the bike path, next street is Red Rock, take a right on Red Rock, home is the 2nd home on the left.
  • Master Model: No
  • New Construction: No
  • Year Built: 2000
  • Tax Parcel Letter: R029813
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: RES
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: Yes
  • Listing Info:Auction: Yes
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 6292.84
  • Financing Info:Tax Year2: 2015
  • Extras:PatioDeck: Yes
  • Exterior:Wood Siding: Yes
  • Water Rights:No3: Yes
  • HOA Fees Includes:Management: Yes
  • Condition:Good: Yes
  • Roof:Composition Shingles: Yes
  • Mineral Rights:No2: Yes
  • Substructure:Finished Basement: Yes
  • Sanitation:Septic: Yes
  • Water:Well - Domestic: Yes
  • Financing Info:HOA Dues YN: Yes
  • Special Features: 1088

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Finished
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Living Area: 4742.0
  • Fireplace:Gas: Yes

Exterior Features

  • Exclusions: See Remarks
  • Construction Type: Wood Siding, Concrete, Frame
  • Property Condition: Good
  • Roof: Composition
  • Construction:Frame: Yes
  • Construction:Poured Concrete: Yes

Garage/Parking

  • Keywords Info:Garage: 2 Car

Utilities

  • Laundry Features: Inside
  • Building Features: Yes
  • Heating: Radiant
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available
  • Water Source: Well
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Trees: Yes

Fee Information

  • Association Fee Includes: Management

Lot Info

  • Lot Size Sq Ft: 123000.0
  • Parcel #: 246510401003
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6292.84
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2020
Closed on
Dec 30, 2020
Sold by
Payne Michael and Payne Michelle
Bought by
Neumann Mary Ann and Neumann Christopher Jason
Seller's Agent
Corey Crocker
Slifer Smith & Frampton RFV
Buyer's Agent
Corey Crocker
Compass Aspen
List Price
$3,650,000
Sold Price
$3,650,000
Current Estimated Value
$4,901,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,251,163
Avg. Annual Appreciation
6.52%
Original Mortgage
$2,840,000
Outstanding Balance
$2,563,153
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,303,095

Purchase Details

Listed on
May 13, 2016
Closed on
Jun 12, 2016
Sold by
The Bank Of New York Mellon Corporation
Bought by
Payne Michael and Payne Michelle
Seller's Agent
Thomas F 'Tom' DiMercurio, BA, MBA,
Mercury Alliance Mountain Properties
Buyer's Agent
Brent Waldron
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$1,599,000
Sold Price
$1,323,000
Premium/Discount to List
-$276,000
-17.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.11%
Original Mortgage
$1,058,400
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 19, 2015
Sold by
Anna Carmelo L D and Anna Cheryl D
Bought by
The Bank Of New York Mellon Corporation

Purchase Details

Closed on
Apr 1, 2002
Sold by
Danna Carmelo L
Bought by
Danna Carmelo L and Danna Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.75%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 20, 1999
Sold by
Seguin William
Bought by
Danna Carmelo L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,932
Interest Rate
7.47%

Purchase Details

Closed on
Oct 12, 1993
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $3,650,000 Title Company Of The Rockies
Special Warranty Deed $1,323,000 Fitco
Trustee Deed -- None Available
Interfamily Deed Transfer -- --
Warranty Deed $261,200 --
Deed $135,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,840,000 Credit Line Revolving
Previous Owner $250,000 Commercial
Previous Owner $1,058,400 Adjustable Rate Mortgage/ARM
Previous Owner $200,000 Unknown
Previous Owner $150,000 Unknown
Previous Owner $300,000 Credit Line Revolving
Previous Owner $1,848,000 New Conventional
Previous Owner $200,000 Credit Line Revolving
Previous Owner $1,438,500 Unknown
Previous Owner $455,000 Credit Line Revolving
Previous Owner $150,000 Unknown
Previous Owner $999,800 Unknown
Previous Owner $75,000 Unknown
Previous Owner $260,000 Credit Line Revolving
Previous Owner $999,999 No Value Available
Previous Owner $260,000 Credit Line Revolving
Previous Owner $910,000 Unknown
Previous Owner $945,000 Construction
Previous Owner $208,932 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $3,650,000 0.0% $770 / Sq Ft
09/24/2020 09/24/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $3,650,000 +175.9% $770 / Sq Ft
06/22/2016 06/22/16 Sold $1,323,000 -17.3% $279 / Sq Ft
05/13/2016 05/13/16 Pending -- -- --
05/13/2016 05/13/16 For Sale $1,599,000 -- $337 / Sq Ft
Source: Aspen Glenwood MLS

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 $21,875 $293,860 $39,700 $254,160
2023 $21,875 $293,860 $39,700 $254,160
2022 $10,174 $126,580 $20,160 $106,420
2021 $10,456 $130,220 $20,740 $109,480
2020 $7,861 $102,780 $20,230 $82,550
2019 $7,936 $102,780 $20,230 $82,550
2018 $7,425 $95,260 $20,160 $75,100
2017 $7,030 $95,260 $20,160 $75,100
2016 $6,264 $83,390 $22,290 $61,100
2015 -- $83,390 $22,290 $61,100
2014 $4,815 $67,470 $17,510 $49,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 142421

Aspen Glenwood MLS

APN: R029813