NOT LISTED FOR SALE

25150 Road N.8 Loop Cortez, CO 81321

Estimated Value: $696,000 - $865,000

5 Beds
3 Baths
2,804 Sq Ft
$283/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $700,000 $250 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,430/month

68 Days on Market

Highlights

  • Accessory Dwelling Unit (ADU)
  • RV or Boat Parking
  • Vaulted Ceiling
  • Spa
  • Mountain View
  • Covered Patio or Porch

About This Home

As of August 2021

The only way to describe this exceptional Southwest Colorado property is, “One of a Kind”. It offers everything: From its ideal location in the Lebanon Estates Subdivision, large 3+ acre lot with remarkable views, plus it has room for all your toys! No expense spared to the interior and exterior of both the main house and guest house. The main house is a sprawling 2800 sq. ft. 5-bedroom / 3-bath with 9 ft. ceilings throughout and 15 ft. vaulted ceilings in the kitchen and living room area. Highlights include new exterior stucco, interior paint, LED lighting, and Mohawk Revwood Plus water-proof laminate flooring throughout. Kitchen is equipped with all new GE Café appliances, custom satin granite, new tile backsplash, and Blanco sink w/touchless Moen faucet. The upstairs Master Bedroom separates you from the rest of the home with a spacious walk-in closet, new granite countertops, sinks, and hardware. Need to work from home?…use the new built-in office with granite slab desk. You will appreciate those summer BBQ’s outside under the covered back patio with planked pine soffit ceilings, surround sound speakers, and fenced backyard…Did we mention the Marquis hot tub conveys? Let’s not forget about the 1100 sq. ft. 2-bedroom/2-bath guest house, with attached 1600 sq. ft. heated workshop. Plenty of room for storage and special projects! Guest house has been upgraded with new exterior stucco, new master bath cabinets with granite counters and new lighting fixtures. Both homes share a large engineered septic system, new gutters and custom backyard fencing. No need to haul around hoses and sprinklers all day, because the property is set-up with an 18 zone underground automated sprinkler system fed by MVI irrigation water thru the WUA. All new xeriscape landscaping recently completed with custom walkways, new sod, decorative boulders and large mature trees. Did we mention it has full RV hook-up’s for you’re out of town guests? You may never want to leave this property, but keep in mind, you are conveniently located to great outdoor recreation areas like Telluride, Durango, Moab, Mesa Verde National Park, San Juan National Park, McPhee Reservoir, and Phil’s World. Don’t think too long on this one, it won't last!

Last Agent to Sell the Property

Kyle Riddell

4 Corners Properties, Inc. Listed on: 05/10/2021

Last Buyer's Agent

Marti Spitzer

RE/MAX Mesa Verde Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,236

Year Built

  • Built in 2013

Lot Details

  • 3.02 Acre Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Sprinkler System

HOA Fees

  • $25 Monthly HOA Fees

Property Views

  • Mountain
  • Valley

Home Design

  • Architectural Shingle Roof
  • Stone Siding
  • Stick Built Home
  • Stucco

Interior Spaces

  • 1.5-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • 3 Full Bathrooms

Parking

  • 2 Car Garage
  • Heated Garage
  • RV or Boat Parking

Outdoor Features

  • Spa
  • Covered Patio or Porch

Schools

  • Lewis-Arriola K-5 Elementary School
  • Cortez 6-8 Middle School
  • Montezuma-Cortez 9-12 High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Owned Propane
  • Heating System Uses Propane
  • Irrigation Water Rights
  • Engineered Septic
  • Septic Tank
  • Internet Available
  • Cable TV Available

Additional Features

  • Accessory Dwelling Unit (ADU)
  • 3 Irrigated Acres

Community Details

  • Association fees include snow removal, management, road maintenance
  • Lebanon Estates Major HOA

Listing and Financial Details

  • Assessor Parcel Number 561102201012

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,236

Year Built

Built in 2013

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Additional Comments: Thanks Marti!
  • Additional Living Quarters: Yes
  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Disposal, Microwave, Double Oven
  • Estimated Irrigation Acres: 3.02
  • Estimated Total Acres: 3.02
  • Class: RESIDENTIAL
  • Em Deposit: 7000
  • Em Holder: CTCS
  • Exterior Inclusions: Irrigation Water, Patio, Hot Tub, Lawn Sprinklers, RV Hook Up/Pad, Irrigation Pump, Covered Porch
  • Interior Inclusions: Ceiling Fan(s), Vaulted Ceiling, Heated Garage
  • Legal Lot Block: LEBANON ESTATES MAJOR Lot: 12 Section: 2 Township: 36 Range: 16
  • List Price per Sq Ft: 254.99
  • Lot Size Acreage: 2-4.99
  • Parcel Id Number: 561102201012
  • Price Per Sq Ft: 249.64
  • Property Attached: Yes
  • Real Estate Included: Yes
  • Residence Stories: 1.5 Story
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Stone, Stucco
  • Sold Price Sq Ft: 249.64
  • Street Descriptionaccess: County, Paved, Gravel, Private Winter Maintenanc
  • Street Designation: Loop
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Additional Living Type: Guest Home
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: Farmers Telecommunications
  • Internet Service: Yes
  • Total Taxes Dollar: 2235.52
  • Year Built: 2013
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 18

Interior Features

  • Dining Room: Eat-in Kitchen
  • Bedrooms: 5
  • Flooring: Carpet-Partial, Tile, Laminate
  • Estimated Total Sq Ft: 2804
  • Full Bathrooms: 3
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 3
  • Foundation: Crawl Space
  • Main Level Sq Ft: 2129
  • Master Bedrm Dimensions: 675
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0
  • Upper Level Sq Ft: 675

Exterior Features

  • Fence: Chain Link, Partial Property
  • Windows: Double Pane
  • Exterior Structures: Garage, Guest House, RV/Boat Shelter
  • Roof: Architectural Shingles
  • Views: Mountains, Valley

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Propane-Tank Owned, Cable TV, Internet
  • Cooling: Forced Air
  • Electric Supplier: Empire Electric Association, Inc
  • Gas Supplier: Propane
  • Heating System: Forced Air
  • Irrigation Water Description Amount: 2 Shares
  • Irrigation Water District: Lebanon Estates Major WUA
  • Sewer Supplier: Septic
  • Water Rights Irrigation: Yes
  • Water Supplier: Montezuma Water Company

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Snow Removal, Management, Road Maintenance
  • Hoametro Fees: $300
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Lebanon Estates Major

Schools

  • High School: Montezuma-Cortez 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

MLS Schools

  • Elementary School: Lewis-Arriola K-5
  • Middle School: Cortez 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2021
Closed on
Aug 24, 2021
Sold by
Burke Cody Alan and Burke Aryn Christian
Bought by
Mahler Matt and Mahler Rachel
Seller's Agent
Kyle Riddell
4 Corners Properties, Inc.
Buyer's Agent
Marti Spitzer
RE/MAX Mesa Verde Realty
List Price
$715,000
Sold Price
$700,000
Premium/Discount to List
-$15,000
-2.1%
Current Estimated Value
$792,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,324
Avg. Annual Appreciation
2.94%
Original Mortgage
$548,250
Outstanding Balance
$497,778
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$294,546

Purchase Details

Closed on
Apr 17, 2020
Sold by
Burton Jimmy L
Bought by
Burke Cody Alan and Burke Aryn Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2019
Sold by
Fosnot Delbert E and Fosnot Ginger D
Bought by
Burton Jimmy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,840
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 3, 2017
Sold by
Johnson Charles M and Johnson Mary M
Bought by
Burton Jimmy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
4.16%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 3, 2012
Sold by
Harrison Merle
Bought by
Burton Jimmy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,598
Interest Rate
3.8%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 23, 2006
Sold by
Haybridge Properties Llc
Bought by
Romine Michael H and Romine Cassandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560
Interest Rate
6.75%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
Mahler Matt $700,000 Colorado Ttl & Closing Svcs
Burke Cody Alan $505,000 Colorado Ttl & Closing Svcs
Burton Jimmy L $57,000 Colorado Ttl & Closing Svcs
Burton Jimmy L -- Colorado Title & Closing Ser
Burton Jimmy L $51,000 None Available
Romine Michael H $55,000 Colorado Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahler Matt $548,250
Previous Owner Burke Cody Alan $454,500
Previous Owner Burton Jimmy L $136,840
Previous Owner Burton Jimmy L $43,000
Previous Owner Burton Jimmy L $51,598
Previous Owner Romine Michael H $560
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $700,000 -2.1% $250 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $715,000 -- $255 / 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 $2,851 $55,285 $4,057 $51,228
2023 $2,851 $59,663 $4,378 $55,285
2022 $2,196 $45,232 $4,378 $40,854
2021 $2,236 $45,232 $4,378 $40,854
2020 $2,235 $46,843 $4,696 $42,147
2019 $2,230 $46,843 $4,696 $42,147
2018 $2,353 $42,760 $4,250 $38,510
2017 $2,328 $42,760 $4,250 $38,510
2016 $1,924 $36,100 $5,250 $30,850
2015 $1,900 $525,720 $0 $0
2014 $1,854 $36,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 781792

Colorado Real Estate Network (CREN)

APN: R015592