$4,800,000
SOLD OCT 1, 2024

398 S Davis St Unit E3 Telluride, CO 81435

2 Beds
2.5 Baths
2,009 Sq Ft
$3,098/mo HOA Fee

Recently Sold

$2,389 Per Sq Ft

8% Below List Price

162 Days on Market

Highlights

  • Spa
  • Sauna
  • Contemporary Architecture
  • Telluride Intermediate School Rated A-
  • Ski Lockers
  • Radiant Floor

About This Home

As of October 2024

This expansive two bedroom, 2.5 bath residence at Element 52 offers a luxury Telluride living experience with exceptional finishes and furnishings, incredible ski access, and top tier amenities. Operated by the world-renowned Auberge Resorts, Element 52 offers full-time concierge services, private shuttle access, hot tubs and spa, fitness center, heated underground garage parking, ski storage, and funicular ski access. Element 52 is truly the pinnacle of comfortable living in Telluride, and here is your opportunity to come home to a sprawling luxury condominium in downtown Telluride and simply relax. As is standard with Element 52, the rental history is strong and you can rely on a strong rental performance for the future.

Last Agent to Sell the Property

Rosie Cusack

Telluride Luxury Rentals and Real Estate, Inc. License #ER001317999 Listed on: 03/02/2024

Co-Listed By

Ryan Higgins

Telluride Luxury Rentals and Real Estate, Inc. License #FA100080243

Last Buyer's Agent

Ryan Higgins

Telluride Luxury Rentals and Real Estate, Inc. License #FA100080243

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,762

Year Built

  • Built in 2010

HOA Fees

  • $3,098 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Wood Siding
  • Metal Siding
  • Stone Siding

Interior Spaces

  • 2,009 Sq Ft Home
  • Furnished
  • 1 Fireplace
  • Sauna
  • Radiant Floor

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Steam Shower

Laundry

  • Dryer
  • Washer

Parking

  • 1 Covered Space
  • 2 Car Parking Spaces

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Patio
  • Fire Pit

Utilities

  • Heating System Uses Gas

Community Details

Overview

  • Association fees include contingency fund, grounds maintenance, insurance, management, sewer, snow removal, trash, water
  • 48 Units

Amenities

  • Shuttle

Recreation

  • Community Pool
  • Community Spa
  • Ski Lockers

Pet Policy

  • Dogs Allowed

Security

  • Front Desk in Lobby
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,762

Year Built

Built in 2010

Lot Details

0

HOA Fees

$3,098 per month

Listing Details

  • Directions: Element 52 is accessed via the bridge over the San Miguel River from South Davis Street. Building E is on the east side of the complex.
  • Listing Member Name: Rosie Cusack
  • Listing Office Short Id: UNKNOWN15
  • Major Area: 10
  • Open House Office I D: 20081028201309901393000000
  • Prop. Type: Condo
  • Selling Member Short Id: ryanh
  • Selling Office Short Id: UNKNOWN15
  • Home Age: 13 - 20 Yrs
  • Deed Restrict: None
  • Property Sub Type: Multi-Unit Buildings
  • Year Built: 2010
  • Year Renovated: 2024.00
  • Building Style: Contemporary, Other
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Gas Oven/Range, Microwave, Refrigerator, Washer
  • EstFinishedSqFt: 2009.00
  • Lower Floor 1 Half Bathrooms: 1
  • Source Sq Ft: Assessor
  • Disability Access: City, Paved
  • Lower Floor 1 Bedrooms: 2
  • Fireplace: 1, Artificl Gas Logset
  • Furnished: Full
  • Studio: No

Exterior Features

  • Disclosures: Covenants, RETT
  • Exterior Finish: Metal/Vinyl, Stone, Wood (Painted)
  • Roof: Metal
  • Water Extras: Fire Pit, Patio/Deck, Pool, Sauna, Ski Room, Snow Melt System, Spa, Steam Shower

Garage/Parking

  • Covered Parking: 1 Car
  • Parking: 2 Car

Utilities

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

Condo/Co-op/Association

  • Total Number of Units: Element 52
  • HOA Fees: 3097.76
  • HOAMangmentCompanyInfo: Element 52 - Auberge
  • HOA Amenities: Dogs Permitted, Front Desk, Hot Tub, On-Site Management, Pool, Shuttle Service, Ski Storage/Loc
  • HOA Fees Includes: Contingency Fund, Grounds Maintenance, Insurance, Management, Sewer, Snow Removal, Trash, Water

Fee Information

  • PaymentPer: Month
  • Taxes: 11762.20

Lot Info

  • Zoning: Accommodations 2
  • Lofts: None

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Numberof Units: 48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2024
Closed on
Oct 1, 2024
Sold by
Town Of Telluride
Bought by
Alerica Corporation
Seller's Agent
Rosie Cusack
Telluride Luxury Rentals and Real Estate, Inc.
Buyer's Agent
Ryan Higgins
Telluride Luxury Rentals and Real Estate, Inc.
List Price
$5,200,000
Sold Price
$4,800,000
Premium/Discount to List
-$400,000
-7.69%
Total Days on Market
162
Views
33
Current Estimated Value
$4,876,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,332
Avg. Annual Appreciation
2.35%

Purchase Details

Closed on
Dec 19, 2014
Sold by
Xyz Subdivision Land Company Llc
Bought by
Flat Circle Properties Llc
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 $4,800,000 Land Title Guarantee Company
Warranty Deed $4,800,000 Land Title Guarantee Company
Special Warranty Deed $1,818,500 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 Sold $4,800,000 -3.0% $2,389 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
07/08/2024 07/08/24 Price Changed $4,950,000 -4.8% $2,464 / Sq Ft
03/02/2024 03/02/24 For Sale $5,200,000 -- $2,588 / 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 $12,554 $245,890 $0 $245,890
2023 $11,762 $248,270 $0 $248,270
2022 $6,817 $148,770 $0 $148,770
2021 $6,956 $157,240 $0 $157,240
2020 $7,160 $162,100 $0 $162,100
2019 $7,088 $162,100 $0 $162,100
2018 $6,864 $159,840 $0 $0
2017 $5,747 $159,840 $0 $159,840
2016 $6,471 $176,710 $0 $176,710
2015 $6,330 $176,710 $0 $176,710
2014 $6,580 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Telluride Association of REALTORS®

MLS Number: 42318

Telluride Association of REALTORS®

APN: 101-0100077