NOT LISTED FOR SALE

421 Rainbow Dr Unit 8 Silverthorne, CO 80498

Estimated Value: $1,126,000 - $1,262,469

3 Beds
2 Baths
1,263 Sq Ft
$852/mo HOA Fee

Last Sold May 15, 2024

Last sale price $1,270,000 $1,006 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $7,398/month

9 Days on Market

Highlights

  • 1 Fireplace
  • 2 Car Attached Garage
  • Tile Flooring
  • End Unit
  • Walk-In Closet
  • 3-minute walk to Rainbow Park

About This Home

As of May 2024

Rare opportunity to own a luxury 3 bedroom condo right on the Blue River. Private in unit elevator that takes you to a tandem 2 car garage. Listen to the Blue River flow by and gaze at mountain views while you enjoy your wine or coffee on the amazing wrap around deck. Walk across the pedestrian bridge to the pavilion, shops and restaurants. Newer construction with high-end finishes including alder trim/cabinets, in-floor radiant heat and quartz countertops. Centrally located to 6 ski resorts. Located across the street from the Silverthorne Rec Center. Zone 2 Silverthorne, short-term rental licenses still available.

Last Agent to Sell the Property

Kaycee Tolmie

eXp Realty, LLC Brokerage Phone: 970-389-1678 License #40043044 Listed on: 04/14/2024

eXp Realty, LLC

Co-Listed By

Amy Smits

eXp Realty, LLC Brokerage Phone: 970-389-1678 License #40038092

Last Buyer's Agent

Other MLS Non-REcolorado

NON MLS PARTICIPANT

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,766

Year Built

  • Built in 2015

Lot Details

  • End Unit

HOA Fees

  • $852 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1,263 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Kitchen

  • Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

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

Utilities

  • No Cooling
  • Radiant Heating System
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Exclusions: Two sets of bunkbeds and dresser in back bedroom and storage bench in main room; swing on deck; TV in master
  • Property held in a trust
  • Assessor Parcel Number 6517337

Community Details

Overview

  • Association fees include cable TV, reserves, gas, heat, insurance, internet, sewer, snow removal, trash, water
  • Rivers Edge Association, Phone Number (970) 668-2121
  • Low-Rise Condominium
  • Riversedge Subdivision

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,766

Year Built

Built in 2015

Lot Details

0

HOA Fees

$852 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low Rise (1-3)
  • Levels: One
  • Year Built: 2015
  • Above Grade Finished Sq Ft: 1263
  • Exclusions: Exclusions: Two sets of bunkbeds and dresser in back bedroom and storage bench in main room; swing on deck; TV in master
  • Living Area: 1263
  • Pets Allowed: Only for Owner
  • Directions: I-70 to Exit 205 (Silverthorne), N on Blue River Parkway/Highway 9 and turn R at Wendy's onto Rainbow Drive. Drive about .34 miles, building on the left. Park at N end of building and walk on sidewalk that is adjacent to west side of building (the river side). Look for door that has 8 listed and use key pad to enter building. Go up stairs to enter unit. Go through second main level door to see garage.
  • SubdivisionName: RiversEdge
  • Co List Office Mls Id: RECEXPCO
  • Ownership: Corporation/Trust
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Builder
  • REC_BasementLevelBedrooms: 0
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • Ratio Close Price By Original Li: 0.98450
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
  • Fireplaces: 1
  • Interior Amenities: Elevator, High Speed Internet, Walk-In Closet(s)
  • Flooring: Laminate, Tile
  • Full Bathrooms: 1
  • Common Walls: End Unit
  • Basement: No
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3

Exterior Features

  • Roof: Unknown
  • Construction Materials: Wood Siding

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Radiant
  • Laundry Features: In Unit

Condo/Co-op/Association

  • HOA Fee Includes: Cable TV, Reserves, Gas, Heat, Insurance, Internet, Sewer, Snow Removal, Trash, Water
  • Association Name: Rivers Edge
  • Association Fee Frequency: Monthly
  • Association Fee: 852
  • Phone: 9706682121
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 10224.00
  • REC_AssociationFeeTotalAnnual: 10224.00
  • REC_AssociationManagementType: Professionally Managed
  • REC_AssociationURL: www.riversedgesilverthorne.org

Schools

  • Middle Or Junior School: Summit

Lot Info

  • Parcel Number: 6517337
  • Building Area Total: 1263

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2766

MLS Schools

  • Elementary School: Silverthorne
  • High School: Summit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2024
Closed on
May 15, 2024
Sold by
Ddn & M Llc
Bought by
Kim Young H and Kim You S
Seller's Agent
Kaycee Tolmie
eXp Realty, LLC
Buyer's Agent
Other MLS Non-REcolorado
NON MLS PARTICIPANT
List Price
$1,290,000
Sold Price
$1,270,000
Premium/Discount to List
-$20,000
-1.55%
Views
58
Current Estimated Value
$1,185,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$84,383
Avg. Annual Appreciation
-4.11%

Purchase Details

Closed on
Nov 1, 2021
Sold by
Weseley Elisabeth R and Weseley Stephen A
Bought by
Olsen Kathryn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$888,750
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 23, 2019
Closed on
Aug 14, 2020
Sold by
956 Ltd
Bought by
Jaimes Adrian and Futcher Mary Elizabeth
Seller's Agent
Kyle Feldman
Kokopelli Properties
Buyer's Agent
Stuart Reddell
LIV Sotheby's I.R.
List Price
$808,000
Sold Price
$808,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%

Purchase Details

Listed on
Mar 28, 2019
Closed on
Apr 19, 2019
Sold by
Wilson Blake Jr Charles and Menzer Blake Anna
Bought by
956 Ltd
Seller's Agent
Ned Walley
Nelson Walley Real Estate
Buyer's Agent
Kyle Feldman
Kokopelli Properties
List Price
$759,000
Sold Price
$759,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%
Original Mortgage
$607,200
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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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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
Kim Young H $1,270,000 Land Title Guarantee
Olsen Kathryn M $1,185,000 Land Title Guarantee Co
Jaimes Adrian $808,000 Land Title Guarantee
956 Ltd $759,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olsen Kathryn M $888,750
Previous Owner 956 Ltd $607,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2024 05/15/24 Sold $1,270,000 -1.6% $1,006 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
04/14/2024 04/14/24 For Sale $1,290,000 +5.7% $1,021 / Sq Ft
11/30/2022 11/30/22 Sold $1,220,000 +1.8% $966 / Sq Ft View Prior Sale
11/15/2022 11/15/22 Pending -- -- --
11/13/2022 11/13/22 For Sale $1,199,000 +48.4% $949 / Sq Ft
08/14/2020 08/14/20 Sold $808,000 0.0% $627 / Sq Ft View Prior Sale
07/15/2020 07/15/20 Pending -- -- --
12/23/2019 12/23/19 For Sale $808,000 +6.5% $627 / Sq Ft
04/19/2019 04/19/19 Sold $759,000 0.0% $645 / Sq Ft View Prior Sale
03/28/2019 03/28/19 For Sale $759,000 +14.1% $645 / Sq Ft
10/16/2017 10/16/17 Sold $665,000 0.0% $516 / Sq Ft View Prior Sale
09/16/2017 09/16/17 Pending -- -- --
11/11/2015 11/11/15 For Sale $665,000 -- $516 / 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 $4,240 $82,169 -- $82,169
2023 $4,240 $78,484 $0 $0
2022 $2,766 $48,414 $0 $0
2021 $2,790 $49,807 $0 $0
2020 $2,569 $48,995 $0 $0
2019 $2,534 $48,995 $0 $0
2018 $2,015 $37,756 $0 $0
2017 $893 $18,292 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kaycee Tolmie

    eXp Realty, LLC

    (970) 513-8200

    9 in this area

    29 Total Sales

    Kaycee Tolmie
    Section Image
  • Amy Smits

    Seller Co-Listing Agent in 2024

    Amy Smits

    eXp Realty, LLC

    (970) 418-0183

    34 in this area

    237 Total Sales

    Amy Smits
    Section Image

  • O

    Buyer's Agent in 2024

    Other MLS Non-REcolorado

    NON MLS PARTICIPANT

  • Stuart Reddell

    Seller's Agent in 2022

    Stuart Reddell

    LIV Sotheby's I.R.

    (970) 485-2178

    15 in this area

    78 Total Sales

    Stuart Reddell
    Section Image

  • K

    Seller's Agent in 2020

    Kyle Feldman

    Kokopelli Properties

  • Ned Walley

    Seller's Agent in 2019

    Ned Walley

    Nelson Walley Real Estate

    (970) 445-0735

    73 in this area

    160 Total Sales

    Ned Walley
    Section Image
See All Agents

Map

Source: REcolorado®

MLS Number: 1636816

REcolorado®

APN: 6517337

Colorado Summit County Silverthorne 80498

421 Rainbow Dr Unit 8, Silverthorne, CO

Not Listed for Sale

Condos

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