NOT LISTED FOR SALE

421 Rainbow Dr Unit 5 Silverthorne, CO 80498

Estimated Value: $1,020,000 - $1,144,000

2 Beds
2 Baths
991 Sq Ft
$702/mo HOA Fee

Last Sold April 12, 2024

Last sale price $1,200,000 $1,211 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $6,552/month

20 Days on Market

Highlights

  • Water Views
  • Open Floorplan
  • Vaulted Ceiling
  • No Units Above
  • Deck
  • 3-minute walk to Rainbow Park

About This Home

As of April 2024

Beautiful 2 bedroom Penthouse condo that is ON the Blue River (NOT on Hwy 9), and has some of the best Views in Silverthorne. Enjoy your PRIVATE in-unit elevator that takes you next to your tandem 2 car garage. It is a very short walk across the pedestrian bridge to 4th St Crossing, restaurants, shops, the theatre, Pavilion, and breweries. On the Silverthorne bike path that is outside your door, and across the street from the rec center. Listen to the Blue River flow by from your oversized deck or fish the Gold Medal waters. Enjoy the serenity away from the hustle and bustle that this condo offers. Vaulted ceilings, gas fireplace, newer construction, impeccably maintained, double oven, gas range, extra counter space in the kitchen, and being offered partially furnished. Newer construction, finished in 2017, you will love the vaulted ceilings and attention to detail of this luxury property. Zone 2 Silverthorne, str allowed -verify with the Town. River's Edge is one of the BEST condos in Summit County and this peaceful Penthouse unit will not disappoint.

Last Agent to Sell the Property

ERIKA B SCHMIDT

Peak Mountain Real Estate LLC Brokerage Email: bmre@live.com,970-409-9236 License #100001617 Listed on: 02/23/2024

Last Buyer's Agent

Other MLS Non-REcolorado

NON MLS PARTICIPANT

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,608

Year Built

  • Built in 2015 | Remodeled

Lot Details

  • No Units Above
  • West Facing Home

HOA Fees

  • $702 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Water
  • Mountain

Home Design

  • Mountain Contemporary Architecture
  • Entry on the 3rd floor
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Vinyl Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 991 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Partially Furnished
  • Vaulted Ceiling
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Location

  • Ground Level

Schools

  • Silverthorne Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • No Cooling
  • Radiant Heating System
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 6517334

Community Details

Overview

  • Association fees include cable TV, reserves, electricity, gas, heat, internet, ground maintenance, maintenance structure, sewer, snow removal, trash, water
  • Rivers Edge HOA
  • Low-Rise Condominium
  • River's Edge Subdivision
  • Community Parking

Recreation

  • Trails

Pet Policy

  • Only Owners Allowed Pets

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,608

Year Built

Built in 2015 | Remodeled

Lot Details

0

HOA Fees

$702 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Mountain Contemporary
  • Structure Type: Low Rise (1-3)
  • Levels: One
  • Year Built: 2015
  • Above Grade Finished Sq Ft: 991
  • Entry Location: Ground
  • Exclusions: None
  • Living Area: 991
  • Pets Allowed: Only for Owner
  • Property Condition: Updated/Remodeled
  • Directions: I70 Silverthorne exit, North to Wendy's/ 7/11 and turn right on Rainbow Dr. About 1/2 mile on left hand side, across from the rec center, is the complex. Park at that end and walk around towards the center of the building facing the river for the door to unit 5. If that door is sticking, you can use one on either side and walk the interior lobby of the building to the right stair case. Be gentle with the elevator and do NOT force the inside door closed.
  • SubdivisionName: River's Edge
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBedrooms: 0
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • Ratio Close Price By Original Li: 1.00000
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
  • Fireplaces: 1
  • Interior Amenities: Eat-in Kitchen, Elevator, Five Piece Bath, High Ceilings, High Speed Internet, No Stairs, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Tile, Wood
  • Fireplace Features: Gas, Living Room
  • Full Bathrooms: 2
  • Common Walls: No One Above
  • Basement: No
  • Total Bedrooms: 2
  • Entry Level: 3
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Foundation Details: Slab
  • Roof: Composition
  • Construction Materials: Concrete, Frame, Vinyl Siding
  • View: Mountain(s), Water
  • Exterior Features: Balcony
  • Patio and Porch Features: Covered, Deck

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Radiant
  • Laundry Features: In Unit, Laundry Closet
  • Security: Key Card Entry

Condo/Co-op/Association

  • HOA Fee Includes: Cable TV, Reserves, Electricity, Gas, Heat, Internet, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water
  • Association Name: Rivers Edge HOA
  • Association Fee Frequency: Monthly
  • Association Amenities: Parking, Trail(s)
  • Association Fee: 702
  • Phone: tbd
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 8424.00
  • REC_AssociationFeeTotalAnnual: 8424.00
  • REC_AssociationManagementType: Self Managed
  • REC_AssociationURL: www.riversedgesilverthorne.org

Schools

  • Middle Or Junior School: Summit

Lot Info

  • Parcel Number: 6517334
  • Building Area Total: 991

Rental Info

  • Furnished: Partially

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2608

MLS Schools

  • Elementary School: Silverthorne
  • High School: Summit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Jun 5, 2024
Sold by
Douglass Louise J
Bought by
Louise J Douglass Personal Residence Trust
Seller's Agent
ERIKA B SCHMIDT
Peak Mountain Real Estate LLC
Buyer's Agent
Other MLS Non-REcolorado
NON MLS PARTICIPANT
List Price
$1,200,000
Sold Price
$1,200,000
Views
130
Current Estimated Value
$1,062,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$137,682
Avg. Annual Appreciation
-6.84%

Purchase Details

Listed on
Feb 23, 2024
Closed on
Apr 12, 2024
Sold by
Martin Byron D and Martin Sally J
Bought by
Douglass Louise J
Seller's Agent
ERIKA B SCHMIDT
Peak Mountain Real Estate LLC
Buyer's Agent
Other MLS Non-REcolorado
NON MLS PARTICIPANT
List Price
$1,200,000
Sold Price
$1,200,000
Views
130

Purchase Details

Closed on
Jul 24, 2019
Sold by
Martin Revocable Trust
Bought by
Martin Byron D and Martin Sally J
Source: Public Records

Range of Values:

--
Value Increase
--
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
Louise J Douglass Personal Residence Trust $1,200,000 Title Company Of The Rockies
Douglass Louise J $1,200,000 Title Company Of The Rockies
Martin Byron D -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2024 04/12/24 Sold $1,200,000 0.0% $1,211 / Sq Ft
03/15/2024 03/15/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $1,200,000 +117.8% $1,211 / Sq Ft
10/04/2017 10/04/17 Sold $550,954 0.0% $517 / Sq Ft View Prior Sale
09/04/2017 09/04/17 Pending -- -- --
03/20/2016 03/20/16 For Sale $550,954 -- $517 / Sq Ft
Source: REcolorado®

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 $3,598 $70,290 -- $70,290
2023 $3,598 $66,605 $0 $0
2022 $2,608 $45,641 $0 $0
2021 $2,631 $46,954 $0 $0
2020 $2,095 $39,954 $0 $0
2019 $2,067 $39,954 $0 $0
2018 $1,835 $34,386 $0 $0
2017 $753 $15,415 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7558031

REcolorado®

APN: 6517334