$4,200,000
SOLD OCT 30, 2024

407 Nicholson Lake Ridge Rd Crested Butte, CO 81224

4 Beds
4.5 Baths
4,300 Sq Ft
2.32 Acres

Recently Sold

$977 Per Sq Ft

7% Below List Price

365 Days on Market

Highlights

  • Accessory Dwelling Unit (ADU)
  • Steam Room
  • RV or Boat Parking
  • Crested Butte Community School Rated A-
  • River Front
  • Garage Apartment

About This Home

As of October 2024

An amazing offering matched only by it's equally stunning location above the Slate River at Alpine Meadows, this is one of the finest properties and neighborhoods in our valley. The 3,570 SF main house was built in 1999 by long time local craftsman Kevin Tutor and in 2018 the 1,500 SF accessory building was added. Inspired by rural Central European chalet design, rustic 407 Nicholson Lake Ridge epitomizes what it means to live in the high mountains. From the stunning whole log lodgepole pine beams to the dramatic floor-to-ceiling Rumford wood burning fireplace this property oozes natural beauty inside and out. Interior highlights include a combination of distressed and reclaimed oak and stone floors, chinked log walls, vaulted, tongue and groove ceilings and exquisite hand milled doors, trim and staircase to the upstairs guest quarters. The kitchen enjoys a six-burner Viking range with a stone surround and gorgeous hardware, distressed custom cabinetry, tumbled marble tops and designer lighting treatments. The primary suite features a library, beautiful ceiling beams, vanity tops in tumbled marble and Kevin Tutor custom milled cabinetry. Outside the incredible gardens, mature trees, landscaped grounds and the cobble driveway compliment the absolutely eye popping locally sourced stone siding, the gas lanterns and the flowering window boxes with distressed shutters. Functional highlights include gas fired radiant zoned heating throughout, a central vacuum system and 625 SF of lower level storage. The home sits on a elevated 2.32 acre parcel overlooking the iconic Slate River and the wilderness areas above Crested Butte. Alpine Meadows owner amenities include exclusive access and fishing rights on the Slate River and private fishing and boating on Nicholson Lake. The lake is stocked with hundreds of Rainbows, Cutbow and Brown trout. Easily access the National Forest, the Lupine Trail and Lower Loop from this special Crested Butte neighborhood. Alpine Meadows owners enjoy strong water rights and private domestic water system. The Town of Crested Butte is just 7 minutes away.

Last Agent to Sell the Property

Channing Boucher

LIV Sotheby's International Realty - CB Listed on: 08/09/2023

LIV Sotheby's International Realty - CB

Last Buyer's Agent

Maggie Dethloff

Bluebird Real Estate, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,255

Year Built

  • Built in 1999 | Remodeled in 2018

Lot Details

  • 2.32 Acre Lot
  • River Front
  • Open Space
  • Landscaped
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $108 Monthly HOA Fees

Property Views

  • Creek or Stream
  • Mountain
  • Valley

Home Design

  • Post and Beam
  • Raised Foundation
  • Metal Roof
  • Stone Siding
  • Log Siding
  • Stick Built Home
  • Stone

Interior Spaces

  • 4,300 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Partially Furnished
  • Sound System
  • Tongue and Groove Ceiling
  • Cathedral Ceiling
  • Window Treatments
  • Mud Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Steam Room
  • Partially Finished Basement
  • Walk-Out Basement
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Detached Garage
  • Garage Apartment
  • Heated Garage
  • Garage Door Opener
  • RV or Boat Parking

Outdoor Features

  • Deck
  • Shed

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

  • Crested Butte Community K-12 Elementary And Middle School
  • Crested Butte Community K-12 High School

Utilities

  • Vented Exhaust Fan
  • Heating System Uses Wood
  • Heating System Powered By Owned Propane
  • Heating System Uses Propane
  • Well
  • Propane Water Heater
  • Septic Tank
  • Septic System
  • Internet Available
  • Cable TV Available

Community Details

  • Association fees include water, management, road maintenance
  • Alpine Meadows HOA
  • Alpine Meadows Subdivision

Listing and Financial Details

  • Assessor Parcel Number 317728003006

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,255

Year Built

Built in 1999 | Remodeled in 2018

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Additional Living Quarters: Yes
  • Appliance Inclusions: Compactor, Refrigerator, Washer, Freezer, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range/Oven
  • Estimated Total Acres: 2.32
  • Class: RESIDENTIAL
  • Elevation: 8850
  • Em Deposit: 5%
  • Em Holder: Title
  • Exterior Inclusions: Deck, Shed/Storage, Landscaping, Lawn Sprinklers
  • Fronts: Slate River
  • Interior Inclusions: Window Coverings, Wired/Cable TV, Cathedral Ceiling, Sound System, Vaulted Ceiling, Guest Quarters, Pantry, Security System, T&G Ceilings, Central Vacuum, Steam Room, Garage Door Opener, Air Lock Entry, Mud Room, Heated Garage
  • Legal Lot Block: LOT 7, ALPINE MEADOWS SUBDIVISION
  • Lot Size Acreage: 2-4.99
  • Parcel Id Number: 317728003006
  • Price Per Sq Ft: 976.74
  • Property Description: Wooded Lot, Adj to Open Space
  • Real Estate Included: Yes
  • Realist Id: 317728003006
  • Residence Stories: Two Story
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Log, Stone
  • Sold Price Sq Ft: 976.74
  • Street Descriptionaccess: Private Winter Maintenanc
  • Street Designation: Road
  • Waterfront Type: River
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Access: Year Round
  • Additional Living Type: Garage apt
  • HOA Fees: Yes
  • Internet Provider: Xtream Internet
  • Internet Service: Yes
  • Total Taxes Dollar: 20255
  • Year Built: 1999
  • Year Renovated: 2018
  • Foreign Owned Y N: No
  • Prop Description Remarks: An amazing offering matched only by it's equally stunning location above the Slate River at Alpine Meadows, this is one of the finest properties and neighborhoods in our valley. The 3,570 SF main house was built in 1999 by long time local craftsman Kevin Tutor and in 2018 the 1,500 SF accessory building was added. Inspired by rural Central European chalet design, rustic 407 Nicholson Lake Ridge epitomizes what it means to live in the high mountains. From the stunning whole log lodgepole pine beams to the dramatic floor-to-ceiling Rumford wood burning fireplace this property oozes natural beauty inside and out. Interior highlights include a combination of distressed and reclaimed oak and stone floors, chinked log walls, vaulted, tongue and groove ceilings and exquisite hand milled doors, trim and staircase to the upstairs guest quarters. The kitchen enjoys a six-burner Viking range with a stone surround and gorgeous hardware, distressed custom cabinetry, tumbled marble tops and designer lighting treatments. The primary suite features a library, beautiful ceiling beams, vanity tops in tumbled marble and Kevin Tutor custom milled cabinetry. Outside the incredible gardens, mature trees, landscaped grounds and the cobble driveway compliment the absolutely eye popping locally sourced stone siding, the gas lanterns and the flowering window boxes with distressed shutters. Functional highlights include gas fired radiant zoned heating throughout, a central vacuum system and 625 SF of lower level storage. The home sits on a elevated 2.32 acre parcel overlooking the iconic Slate River and the wilderness areas above Crested Butte. Alpine Meadows owner amenities include exclusive access and fishing rights on the Slate River and private fishing and boating on Nicholson Lake. The lake is stocked with hundreds of Rainbows, Cutbow and Brown trout. Easily access the National Forest, the Lupine Trail and Lower Loop from this special Crested Butte neighborhood. Alpine Meadows owners enjoy strong water rights and private domestic water system. The Town of Crested Butte is just 7 minutes away.
  • Subdv Name: Alpine Meadows
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Dining Room: Eat-in Kitchen, Separate Dining
  • Bedrooms: 4
  • Flooring: Tile, Carpet-Partial, Hardwood
  • Estimated Total Sq Ft: 4300
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 5
  • Fireplace Location Type: Living Room
  • Foundation: Stemwall, Basement-walk out, Basement-partial finish, Insulated
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Construction Type: Stone, Wood, Wood Frame, Post & Beam
  • Exterior Structures: Garage, Guest House
  • Roof: Metal
  • Views: Mountains, Stream/River, Valley
  • Waterfront: Yes

Garage/Parking

  • Garage: Yes
  • Garage Capacity: 4

Utilities

  • Utilities: Electric, Propane-Tank Owned
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Propane
  • Heating System: Fireplace, Floor Radiant
  • Sewer Supplier: Septic
  • Water Heater: Propane Water Heater
  • Water Supplier: Well

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Water, Management, Road Maintenance
  • Hoametro Fees: 1300
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Alpine Meadows

Schools

  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12
  • High School: Crested Butte Community K-12
  • High School: Crested Butte Community K-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Partially Furnished

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2023
Closed on
Oct 30, 2024
Sold by
Jim And Ellen Martin Living Trust and Martin Jimmie Dee
Bought by
407 Nicholson Lake Ridge Road Llc
Seller's Agent
Channing Boucher
LIV Sotheby's International Realty - CB
Buyer's Agent
Maggie Dethloff
Bluebird Real Estate, LLC
List Price
$4,500,000
Sold Price
$4,200,000
Premium/Discount to List
-$300,000
-6.67%
Views
210
Current Estimated Value
$4,269,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,490
Avg. Annual Appreciation
1.78%

Purchase Details

Closed on
Aug 31, 2017
Sold by
Martin Jimmie D and Martin Ellen B
Bought by
Martin Jimmie Dee and Martin Ellen Barbara

Purchase Details

Closed on
Nov 13, 1995

Purchase Details

Closed on
Mar 13, 1991
Source: Public Records

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
Warranty Deed $4,200,000 Land Title Guarantee
Interfamily Deed Transfer -- None Available
Deed $280,000 --
Deed $80,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2024 10/30/24 Sold $4,200,000 -6.7% $977 / Sq Ft
08/08/2024 08/08/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $4,500,000 0.0% $1,047 / Sq Ft
07/12/2024 07/12/24 Price Changed $4,500,000 +7.1% $1,047 / Sq Ft
11/17/2023 11/17/23 Off Market $4,200,000 -- --
08/09/2023 08/09/23 For Sale $4,900,000 -- $1,140 / 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 $20,894 $355,350 $34,210 $321,140
2023 $20,894 $344,960 $33,230 $311,730
2022 $13,671 $201,000 $13,940 $187,060
2021 $12,121 $206,780 $14,350 $192,430
2020 $9,362 $161,480 $18,950 $142,530
2019 $8,008 $141,320 $18,950 $122,370
2018 $7,970 $135,890 $11,710 $124,180
2015 -- $120,600 $8,360 $112,240
2014 -- $78,110 $8,290 $69,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 806820

Colorado Real Estate Network (CREN)

APN: R012816