NOT LISTED FOR SALE

408 Lakeside Dr Basalt, CO 81621

Estimated Value: $1,120,000 - $1,202,609

3 Beds
3 Baths
1,427 Sq Ft
$815/Sq Ft Est. Value

Last Sold November 29, 2017

Last sale price $485,000 $340 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $6,433/month

123 Days on Market

Highlights

  • Green Building
  • Patio
  • Forced Air Heating System
  • Lake, Pond or Stream
  • Resident Manager or Management On Site
  • 1 Car Garage

About This Home

As of November 2017

Just steps from the excitement of Willits Town Center, this townhouse makes an excellent investment for an owner intending to occupy or as a rental property. With two bedrooms and two bathrooms on the top floor; kitchen, living and dining on the second and a bedroom, bathroom and garage on the ground level; this home has plenty of space and views of the beautiful lake. The balcony and ground floor patio offer ample space to enjoy the outdoors. The Lakeside Townhouse grounds boast trees and beautiful landscaping to enjoy year-round.

Last Agent to Sell the Property

Brenda Wild

Berkshire Hathaway Home Services Signature Properties Brokerage Phone: (970) 429-8275 License #ER.40031244 Listed on: 09/01/2017

Berkshire Hathaway Home Services Signature Properties

Last Buyer's Agent

Ruslan Faradzhov

The Agency Aspen License #FA.100073381

The Agency Aspen

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,413

Year Built

  • Built in 2000

Lot Details

  • 1,176 Sq Ft Lot
  • Property is in excellent condition

Parking

  • 1 Car Garage

Home Design

  • Composition Roof
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,427 Sq Ft Home
  • 3-Story Property
  • Walk-Out Basement

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Lake, Pond or Stream
  • Patio

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Rights Not Included

Additional Features

  • Green Building
  • Mineral Rights Excluded

Listing and Financial Details

  • Assessor Parcel Number 246511226026

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include contingency fund, management, sewer, insurance, trash, snow removal, ground maintenance
  • Willits Subdivision
  • On-Site Maintenance

Recreation

  • Snow Removal

Pet Policy

  • Only Owners Allowed Pets

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,413

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size Acres: 0.03
  • Inclusions: Dryer, Refrigerator, Washer, Range, Dishwasher
  • Subdivision Name: Willits
  • Directions: From Highway 82 turn at the Mid Valley Medical Center and continue right onto Valley Rd, left of Lakeside Drive, left to unit 408.
  • Above Grade Finished Sq Ft: 1427.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 2000
  • Tax Parcel Letter: R050739
  • Attribution Contact: (970) 429-8275
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • Listing Info:ADU: No
  • General Info:Levels: 3.0
  • Financing Info:Taxes2: 2413.36
  • Financing Info:Tax Year2: 2016
  • Extras:PatioDeck: Yes
  • Laundry Facility:Area4: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Exterior:Wood Siding: Yes
  • Inclusions:Range: Yes
  • HOA Fees Includes:Grounds Maintenance: Yes
  • Condition:Excellent: Yes
  • Water Rights:No3: Yes
  • HOA Fees Includes:Management: Yes
  • Roof:Composition Shingles: Yes
  • Mineral Rights:No2: Yes
  • Cooling:None: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • HOA Fees Includes:Insurance: Yes
  • HOA Fees Includes:Snow Removal: Yes
  • HOA Fees Includes:Trash: Yes
  • General Info:LvHtSqFt (Abv Grnd): 1427.0
  • Substructure:Walkout: Yes
  • Water:Community: Yes
  • Financing Info:HOA Dues YN: Yes
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Walk-Out Access
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Living Area: 1427.0
  • Style Other: Yes

Exterior Features

  • Construction Type: Wood Siding
  • Property Condition: Excellent
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 Car
  • Keywords Info:Garage: 1 Car
  • General Info:Garage SqFt: 260.0
  • Parking Area:_one_ Car2: Yes

Utilities

  • Building Features: Yes
  • Cooling: None
  • Cooling Y N: No
  • Heating: Natural Gas, Forced Air
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: Community
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: Pets Allowed/Owner, Pets Allowed/Renter
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • HOA Amenities:Pets AllowedOwner: Yes
  • HOA Amenities:Pets AllowedRenter: Yes
  • Location Amenities:Pond Stream Lake: Yes

Fee Information

  • Association Fee Includes: Contingency Fund, Management, Sewer, Insurance, Trash, Snow Removal, Maintenance Grounds

Lot Info

  • Lot Size Sq Ft: 1176.12
  • Parcel #: 246511226026
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2413.36
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2017
Closed on
Nov 29, 2017
Sold by
Smithers Kevin
Bought by
Rotaru Alexei
Seller's Agent
Brenda Wild
Berkshire Hathaway Home Services Signature Properties
Buyer's Agent
Ruslan Faradzhov
The Agency Aspen
List Price
$450,000
Sold Price
$485,000
Premium/Discount to List
$35,000
7.78%
Current Estimated Value
$1,163,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$678,402
Avg. Annual Appreciation
11.38%
Original Mortgage
$412,250
Outstanding Balance
$346,539
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$816,863

Purchase Details

Listed on
Aug 7, 2015
Closed on
Oct 29, 2015
Sold by
Murphy Luke L
Bought by
Smithers Kevin
Seller's Agent
Roshni Slali
Coldwell Banker Mason Morse-Willits
Buyer's Agent
Brenda Wild
Berkshire Hathaway Home Services Signature Properties
List Price
$440,000
Sold Price
$425,000
Premium/Discount to List
-$15,000
-3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Original Mortgage
$340,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 27, 2005
Sold by
Mcleod Nonie
Bought by
Murphy Luke L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
5.73%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 7, 2001
Sold by
The Willits Group Llc
Bought by
Mcleod Nonie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.75%
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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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
Rotaru Alexei $485,000 Title Co
Smithers Kevin $425,000 Land Title Guarantee Company
Murphy Luke L $355,000 Title Company Of Rockies Inc
Mcleod Nonie $302,000 Pitkin County Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rotaru Alexei $412,250
Previous Owner Smithers Kevin $340,000
Previous Owner Murphy Luke L $284,000
Previous Owner Mcleod Nonie $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2017 11/29/17 Sold $485,000 +7.8% $340 / Sq Ft
10/24/2017 10/24/17 Pending -- -- --
06/22/2017 06/22/17 For Sale $450,000 +5.9% $315 / Sq Ft
10/29/2015 10/29/15 Sold $425,000 -3.4% $298 / Sq Ft View Prior Sale
09/14/2015 09/14/15 Pending -- -- --
08/07/2015 08/07/15 For Sale $440,000 -- $308 / 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 $4,924 $58,820 $7,060 $51,760
2023 $4,924 $58,820 $7,060 $51,760
2022 $3,508 $38,570 $4,630 $33,940
2021 $3,609 $39,680 $4,760 $34,920
2020 $3,369 $38,430 $4,610 $33,820
2019 $3,403 $38,430 $4,610 $33,820
2018 $2,836 $31,580 $3,790 $27,790
2017 $2,705 $31,580 $3,790 $27,790
2016 $2,413 $27,740 $3,330 $24,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 149645

Aspen Glenwood MLS

APN: R050739