$6,000,000
SOLD AUG 6, 2024

394 W Colorado Ave Unit A Telluride, CO 81435

4 Beds
3.5 Baths
2,490 Sq Ft
$1,667/mo HOA Fee

Recently Sold

$2,410 Per Sq Ft

10% Below List Price

122 Days on Market

Highlights

  • Ski Accessible
  • Contemporary Architecture
  • 2 Fireplaces
  • Telluride Intermediate School Rated A-
  • Radiant Floor
  • 2-minute walk to Wintermoon Sled Dog Adventures

About This Home

As of August 2024

Comfort and convenience converge in this contemporary penthouse in the heart of Telluride. Surrounded by breathtaking mountain views and just steps away from the gondola, ski lifts and all that downtown Telluride has to offer, the Meribel Building penthouse is a luxurious four bedroom penthouse featuring gorgeous natural light throughout the open living, dining, and kitchen area, two gas fireplaces, and three perfectly positioned decks, a storage locker, ski locker and one covered parking space. Enjoy all the convenience mountain living has to offer in this spacious four bedroom penthouse!

Last Agent to Sell the Property

Lars Carlson

LIV Sotheby's International Realty- MainSt License #FA001183735 Listed on: 02/03/2024

LIV Sotheby's International Realty- MainSt

Last Buyer's Agent

Marty Stetina

Telluride Properties License #FA100039640

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,252

Year Built

  • Built in 2012

HOA Fees

  • $1,667 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Frame Construction
  • Tar and Gravel Roof
  • Metal Siding
  • Stone Exterior Construction

Interior Spaces

  • 2,490 Sq Ft Home
  • Furnished
  • 2 Fireplaces
  • Radiant Floor
  • Finished Basement

Kitchen

  • Gas Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Steam Shower

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • On-Street Parking

Additional Features

  • Patio
  • Heating System Uses Gas

Community Details

Overview

  • Association fees include grounds maintenance, insurance, management, sewer, snow removal, trash, water
  • 4 Units

Recreation

  • Ski Accessible
  • Ski Lockers

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,252

Year Built

Built in 2012

Lot Details

0

HOA Fees

$1,667 per month

Listing Details

  • Directions: On Colorado Avenue above T Karn and just east of Chase Bank
  • Listing Member Name: Lars D Carlson
  • Listing Office Short Id: livmain
  • Major Area: 10
  • Open House Office I D: 20190521162252562343000000
  • Prop. Type: Condo
  • Selling Member Short Id: marty
  • Selling Office Short Id: TPROPOAKST
  • Home Age: 8 - 12 Years
  • Deed Restrict: None
  • Property Sub Type: Multi-Unit Buildings
  • Year Built: 2012
  • Building Style: Contemporary
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Gas Oven/Range, Microwave, Refrigerator, Washer
  • EstFinishedSqFt: 2490.00
  • Lower Floor 1 Half Bathrooms: 1
  • Source Sq Ft: Assessor
  • Disability Access: City
  • Lower Floor 1 Bedrooms: 4
  • Fireplace: 2
  • Furnished: Full
  • Studio: No

Exterior Features

  • Exterior Construction: Frame, Poured Concrete, Stone
  • Disclosures: Covenants, Leased, RETT
  • Exterior Finish: Metal/Vinyl, Stone
  • Lot Number: 4R
  • Roof: Tar & Gravel/Memb
  • View: Area, Ajax
  • Deck Sq Ft: 350.00
  • Water Extras: Patio/Deck, Ski Room, Steam Shower
  • Substructure: Finished Basement

Garage/Parking

  • Covered Parking: 1 Car
  • OpenAreaParking: On Street Only
  • Parking: 1 Car

Utilities

  • Electric: Power Company
  • Gas Company: Natural
  • Hot Water: Public
  • Heating: Gas, Radiant in Floor

Condo/Co-op/Association

  • Total Number of Units: Meribel
  • HOA Fees: 20000.00
  • HOA Fees Includes: Grounds Maintenance, Insurance, Management, Sewer, Snow Removal, Trash, Water

Fee Information

  • PaymentPer: Year
  • Taxes: 9252.40

Lot Info

  • Zoning: Commercial
  • Lofts: None

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Numberof Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2024
Closed on
Aug 6, 2024
Sold by
Town Of Telluride
Bought by
Happy Thoughts Llc
Seller's Agent
Lars Carlson
LIV Sotheby's International Realty- MainSt
Buyer's Agent
Marty Stetina
Telluride Properties
List Price
$6,700,000
Sold Price
$6,000,000
Premium/Discount to List
-$700,000
-10.45%
Total Days on Market
122
Views
317
Current Estimated Value
$6,128,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,534
Avg. Annual Appreciation
2.62%
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
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $6,000,000 Land Title Guarantee Company
Warranty Deed $6,000,000 Land Title Guarantee Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,100,000 Commercial
Previous Owner $1,500,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2024 08/06/24 Sold $6,000,000 -6.6% $2,410 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/03/2024 05/03/24 Price Changed $6,425,000 -4.1% $2,580 / Sq Ft
02/03/2024 02/03/24 For Sale $6,700,000 -- $2,691 / Sq Ft
Source: Telluride Association of REALTORS®

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 $9,876 $194,210 $0 $194,210
2023 $9,252 $196,090 $0 $196,090
2022 $5,547 $121,050 $0 $121,050
2021 $5,659 $127,940 $0 $127,940
2020 $5,392 $122,080 $0 $122,080
2019 $5,338 $122,080 $0 $122,080
2018 $4,590 $106,900 $0 $0
2017 $3,844 $106,900 $0 $106,900
2016 $3,644 $99,490 $0 $99,490
2015 $3,564 $99,490 $0 $99,490
2014 $3,000 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Telluride Association of REALTORS®

MLS Number: 42242

Telluride Association of REALTORS®

APN: 101-0120001