NOT LISTED FOR SALE

403 Lester Ln Basalt, CO 81621

Estimated Value: $4,510,000 - $5,851,000

4 Beds
4 Baths
3,500 Sq Ft
$1,424/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $3,700,000 $1,057 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $27,403/month

73 Days on Market

Highlights

  • Barn
  • 25.5 Acre Lot
  • Wood Burning Stove
  • Horse Property
  • Green Building
  • No HOA

About This Home

As of January 2023

A unique opportunity to own 35,000sf of space on 25.5 acres bordering BLM land with stunning views overlooking the entire Basalt valley. The existing structure cannot be replicated in Pitkin County and includes 3,500sf of attached residential space with 4+ bedrooms. Currently outfitted with an indoor riding arena but could easily be converted to a sport court or other use. Conveniently located just 4 minutes to Willits.

Equestrian amenities: 20 indoor stalls, 4 oversized grooming stalls, 2 oversized wash stalls, 2 tack rooms, a feed room, hay storage, tractor garage, viewing lounge, 100' x 150' outdoor arena.

Last Agent to Sell the Property

Lauren Bullard

The Agency Aspen Brokerage Phone: (970) 429-4255 License #FA.100049563 Listed on: 01/11/2023

The Agency Aspen

Co-Listed By

Chris Flynn

The Agency Aspen Brokerage Phone: (970) 429-4255 License #ER.40014021

The Agency Aspen

Last Buyer's Agent

Chris Flynn

Christie's International Real Estate Aspen Snowmass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,663

Year Built

  • Built in 2000

Lot Details

  • 25.5 Acre Lot
  • Northeast Facing Home
  • Fenced
  • Property is in good condition
  • Property is zoned AR 10

Parking

  • 3 Car Garage

Home Design

  • Slab Foundation
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Wood Burning Stove

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Horse Property
  • Patio

Farming

  • Barn
  • Agricultural

Utilities

  • Baseboard Heating
  • Propane
  • Water Rights
  • Septic Tank
  • Septic System
  • Cable TV Available

Additional Features

  • Green Building
  • Mineral Rights Excluded

Listing and Financial Details

  • Assessor Parcel Number 246515101004

Community Details

Overview

  • No Home Owners Association
  • Happy Day Ranch Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,663

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Sub Type: Agricultural
  • Prop. Type: Residential
  • Lot Size Acres: 25.5
  • Co List Office Mls Id: 216506689
  • Co List Office Phone: 970-429-4255
  • Subdivision Name: Happy Day Ranch
  • Directions: Take Highway 82 to Emma Rd. Turn left on Hooks Lane.
  • Architectural Style: Other
  • Master Model: No
  • New Construction: No
  • Year Built: 2000
  • Tax Parcel Letter: R012907
  • Attribution Contact: (970) 429-4255
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: AR 10
  • General Info:Main Floor Master: No
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • General Info:Levels: 2.0
  • General Info:Short Termable: Yes
  • Financing Info:Taxes2: 16662.52
  • Financing Info:Tax Year2: 2021
  • Extras:PatioDeck: Yes
  • Listing Info:New Construction: No
  • Laundry Facility:Area4: Yes
  • Substructure:Slab: Yes
  • Extras:Cable TV: Yes
  • Miscellaneous:Under Construction3: No
  • Electric:Yes: Public
  • Condition:Good: Yes
  • Extras:Fence: Yes
  • Mineral Rights:No2: Yes
  • General Info:Unit Faces: Northeast
  • Sanitation:Septic: Yes
  • Roof:Metal: Yes
  • Exterior:Metal2: Yes
  • Water Rights:Yes3: Yes
  • Extras:Barn or Corral: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 3500.0
  • Style Other: Yes

Exterior Features

  • Fencing: Fenced
  • Construction Type: Other
  • Direction Faces: Northeast
  • Foundation Details: Slab
  • Property Condition: Good
  • Roof: Metal
  • Construction:Other6: Yes

Garage/Parking

  • Keywords Info:Garage: 3 Car

Utilities

  • Building Features: Yes
  • Heating: Wood Stove, Baseboard
  • Heating Yn: Yes
  • Electric: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Propane
  • Heating:Baseboard: Yes
  • Gas/Propane: Yes
  • Heating:Wood Stove: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Horse Property: Yes

Lot Info

  • Lot Size Sq Ft: 1110780.0
  • Parcel #: 246515101004
  • Zoning: AR 10
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 16662.52
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Jan 27, 2023
Sold by
Wjwj Ranch Holdings Ii Llc
Bought by
Elk Run Ranch Basalt Holdings Llc
Seller's Agent
Lauren Bullard
The Agency Aspen
Buyer's Agent
Chris Flynn
The Agency Aspen
List Price
$3,950,000
Sold Price
$3,700,000
Premium/Discount to List
-$250,000
-6.33%
Views
9
Current Estimated Value
$4,982,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,282,762
Avg. Annual Appreciation
10.47%

Purchase Details

Closed on
Sep 30, 2016
Sold by
Crown View Ranch Llc
Bought by
Wjwj Ranch Holdings Ii Llc

Purchase Details

Closed on
Apr 12, 2013
Sold by
Strudel Holdings Llc
Bought by
Crown View Ranch Llc

Purchase Details

Closed on
Mar 15, 2012
Sold by
Regions Bank
Bought by
Strudel Holdings Llc

Purchase Details

Closed on
Apr 20, 2011
Sold by
Strecher Jonathan and Fisher Pam
Bought by
Regions Bank

Purchase Details

Closed on
Apr 27, 2006
Sold by
Fisher Pamela and Stretcher Jonathan
Bought by
Fisher Pam and Strecher Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 26, 2006
Sold by
Road To Bucks Llc
Bought by
Fisher Pamela and Stretcher Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.37%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Elk Run Ranch Basalt Holdings Llc -- --
Elk Run Ranch Basalt Holdings Llc $3,700,000 Land Title
Wjwj Ranch Holdings Ii Llc $3,100,000 Land Title Guarantee Company
Crown View Ranch Llc -- None Available
Strudel Holdings Llc -- None Available
Regions Bank -- None Available
Fisher Pam -- None Available
Fisher Pamela $2,000,000 None Available
Fisher Pamela -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fisher Pamela $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2023 01/27/23 Sold $3,700,000 -6.3% $1,057 / Sq Ft
11/03/2022 11/03/22 For Sale $3,950,000 -- $1,129 / 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 $19,276 $245,220 $72,610 $172,610
2023 $19,276 $250,310 $74,120 $176,190
2022 $16,239 $198,240 $76,450 $121,790
2021 $16,663 $203,950 $78,650 $125,300
2020 $16,626 $211,550 $78,650 $132,900
2019 $16,626 $211,550 $78,650 $132,900
2018 $16,969 $213,030 $79,200 $133,830
2017 $15,994 $212,620 $79,200 $133,420
2016 $15,235 $198,430 $55,720 $142,710
2015 $15,290 $198,430 $55,720 $142,710
2014 $13,371 $182,550 $51,740 $130,810
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lauren Bullard

    The Agency Aspen

    (970) 987-4633

    11 Total Sales

    Lauren Bullard
    Section Image
  • Chris Flynn

    Seller Co-Listing Agent in 2023

    Chris Flynn

    The Agency Aspen

    (970) 544-5825

    39 Total Sales

    Chris Flynn
    Section Image
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Map

Source: Aspen Glenwood MLS

MLS Number: 177348

Aspen Glenwood MLS

APN: R012907

Colorado Pitkin County Basalt 81621

403 Lester Ln, Basalt, CO

Not Listed for Sale

Detached

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