NOT LISTED FOR SALE

298 Red Rock Rd Basalt, CO 81621

Estimated Value: $4,167,000 - $7,375,000

5 Beds
4.5 Baths
4,819 Sq Ft
$1,200/Sq Ft Est. Value

Last Sold March 15, 2016

Last sale price $2,500,000 $519 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $34,319/month

139 Days on Market

Highlights

  • Horse Property
  • 2.76 Acre Lot
  • Maid or Guest Quarters
  • Outdoor Pool
  • Green Building
  • Lake, Pond or Stream

About This Home

As of March 2016

You really can have it all with this timeless Red Rock Ranch estate! Located just 5 minutes from Whole Foods, great shopping, and fabulous restaurants, yet, this end of the road location, which is surrounded by undevelopable land and common space provides the ultimate views, sunshine and privacy. Your 2.76 acre lot with unobstructed views of ''The Crown'' feels more like 276 acres with open fields on 3 sides. Take a dip in your private heated pool after a game of volleyball on your private, sand court, roast s'mores in your fire pit, or simply sit back and enjoy the good life from the multiple outdoor spaces. This is the ultimate playground for children of all ages!

Last Agent to Sell the Property

Mark Haldeman

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 Listed on: 09/10/2015

Last Buyer's Agent

Zack Feast

Aspen Snowmass Sotheby's International Realty - Hyman Mall License #FA100013108

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,827

Year Built

  • Built in 1996

Lot Details

  • 2.76 Acre Lot
  • South Facing Home
  • Southern Exposure
  • Fenced
  • Gentle Sloping Lot
  • Landscaped with Trees
  • Property is in excellent condition

Parking

  • 3 Car Garage

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Frame Construction
  • Shake Roof
  • Stone Siding
  • Log Siding

Interior Spaces

  • 4,819 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Property Views

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Lake, Pond or Stream
  • Horse Property
  • Patio

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Hot Water Heating System
  • Water Rights
  • Well
  • Septic Tank
  • Septic System
  • Cable TV Available

Additional Features

  • Green Building
  • Mineral Rights Excluded

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 246510401001

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,827

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.76
  • Inclusions: Ceiling Fan, Dryer, Refrigerator, Washer, Range, Microwave, Dishwasher
  • Subdivision Name: Red Rock Ranch
  • Directions: Turn off Hwy 82 onto Willits Ln. Turn left/right (Aspen/Glenwood side) onto Hooks Ln. Right onto Red Rock Ranch. Home is last lot on the left.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 1996
  • Tax Parcel Letter: R029811
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:REO: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 8827.48
  • Financing Info:Tax Year2: 2014
  • Extras:GuestCaretaker Qtrs: Yes
  • Extras:PatioDeck: Yes
  • Extras:Pool: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Substructure:Slab: Yes
  • Extras:Cable TV: Yes
  • Extras:Fence: Yes
  • Mineral Rights:No2: Yes
  • Cooling:None: Yes
  • Inclusions:Ceiling Fan: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Unit Faces:South: Yes
  • Style:Two Story: Yes
  • Sanitation:Septic: Yes
  • Roof:Shake: Yes
  • Water Rights:Yes3: Yes
  • Water:Well - Domestic: Yes
  • Financing Info:HOA Dues YN: Yes
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 4819.0
  • Fireplace:Gas: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Fencing: Fenced
  • Construction Type: Stone, Log, Frame
  • Foundation Details: Slab
  • Property Condition: Excellent
  • Roof: Shake
  • Construction:Frame: Yes
  • Construction:Stone: Yes
  • Construction:Log: Yes

Garage/Parking

  • Keywords Info:Garage: 3 Car
  • General Info:Garage SqFt: 1120.0

Utilities

  • Laundry Features: Inside
  • Building Features: Yes
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant, Hot Water, Natural Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Well
  • Heating:Radiant: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Location Amenities:Gentle Topo: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes
  • Location Amenities:Horse Property: Yes
  • Location Amenities:Pond Stream Lake: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Lot Info

  • Lot Size Sq Ft: 120226.0
  • Parcel #: 246510401001
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8827.48
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2015
Closed on
Mar 15, 2016
Sold by
Holmes Carter and Holmes Erin Dianne
Bought by
Ralls Roderick B and Ralls Susan N
Seller's Agent
Mark Haldeman
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Zack Feast
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$2,995,000
Sold Price
$2,500,000
Premium/Discount to List
-$495,000
-16.53%
Current Estimated Value
$5,782,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,282,861
Avg. Annual Appreciation
9.44%

Purchase Details

Closed on
Dec 31, 2002
Sold by
Holmes Carter and Holmes Erin Dianne
Bought by
Holmes Carter and Holmes Erin Dianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6%

Purchase Details

Closed on
Feb 7, 2001
Sold by
Holmes Carter and Holmes Erin Dianne
Bought by
Holmes Carter and Holmes Erin Dianne

Purchase Details

Closed on
Oct 4, 1995
Source: Public Records

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
Ralls Roderick B $2,500,000 None Available
Holmes Carter -- --
Holmes Carter -- Stewart Title
Holmes Carter -- --
-- $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holmes Carter $750,000
Previous Owner Holmes Carter $50,000
Previous Owner Holmes Carter $1,000,000
Previous Owner Holmes Carter $650,000
Previous Owner Holmes Carter $125,000
Previous Owner Holmes Carter $750,000
Previous Owner Holmes Carter $75,000
Previous Owner Holmes Carter $500,000
Previous Owner Holmes Carter $3,338,426
Previous Owner Holmes Carter $3,338,426
Previous Owner Holmes Carter $50,000
Previous Owner Holmes Carter $2,517,636
Previous Owner Holmes Carter $637,000
Previous Owner Holmes Carter $100,000
Previous Owner Holmes Carter $640,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2016 03/15/16 Sold $2,500,000 -16.5% $519 / Sq Ft
01/27/2016 01/27/16 Pending -- -- --
09/10/2015 09/10/15 For Sale $2,995,000 -- $621 / 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 $28,574 $383,860 $39,820 $344,040
2023 $28,574 $383,860 $39,820 $344,040
2022 $17,987 $223,790 $20,160 $203,630
2021 $18,485 $230,220 $20,740 $209,480
2020 $13,667 $178,680 $20,230 $158,450
2019 $13,796 $178,680 $20,230 $158,450
2018 $13,681 $175,520 $20,160 $155,360
2017 $12,954 $175,520 $20,160 $155,360
2016 $10,508 $139,880 $22,290 $117,590
2015 -- $139,880 $22,290 $117,590
2014 $8,827 $123,700 $17,510 $106,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 140959

Aspen Glenwood MLS

APN: R029811