NOT LISTED FOR SALE

426 Red Mountain Ranch Upper Loop Crested Butte, CO 81224

Estimated Value: $3,873,000 - $6,371,000

5 Beds
4.5 Baths
4,917 Sq Ft
$1,081/Sq Ft Est. Value

Last Sold November 19, 2020

Last sale price $3,225,000 $656 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $29,715/month

38 Days on Market

Highlights

  • Media Room
  • RV or Boat Parking
  • 35.1 Acre Lot
  • Indoor Spa
  • Gated Community
  • Mountain View

About This Home

As of November 2020

A magnificent rendering of mountain rustic architecture. Set in a private cluster of spruce trees that open to a grassy meadow below creating your own viewing deck of mountain ranges without another home in site. Beautifully constructed by iconic builder Bob Huckins with a grand entrance into a great room filled with views. The superior floor plan supports a true laundry room and pantry, with convenient 1/2 bath on the main level as well as the master suite and a second bedroom. From the dining area you will find a glass office to inspire your day with the beauty that surrounds this home. The garden level walkout to the hot tub includes a family game and media room, wet bar plus 3 additional bedrooms, all beautifully and incredibly furnished! The sound system and "Lite Touch" lighting systems add mood and grace to this carefully thought out and constructed masterpiece. The site allows for a barn and area for horses should you have an interest.

Last Agent to Sell the Property

Cathy Benson

LIV Sotheby's International Realty - CB Listed on: 08/24/2020

LIV Sotheby's International Realty - CB

Last Buyer's Agent

Corey Dwan

Corey Dwan, Independent Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,193

Year Built

  • Built in 2000

Lot Details

  • 35.1 Acre Lot
  • Landscaped
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $267 Monthly HOA Fees

Home Design

  • Post and Beam
  • Concrete Foundation
  • Permanent Foundation
  • Raised Foundation
  • Slab Foundation
  • Wood Shingle Roof
  • Cedar Siding
  • Stick Built Home
  • Stone

Interior Spaces

  • 2-Story Property
  • Furnished
  • Sound System
  • Cathedral Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Low Emissivity Windows
  • Window Treatments
  • Wood Frame Window
  • Living Room with Fireplace
  • Formal Dining Room
  • Open Floorplan
  • Media Room
  • Game Room
  • Indoor Spa
  • Mountain Views
  • Partially Finished Basement
  • Walk-Out Basement

Kitchen

  • Built-In Double Convection Oven
  • Indoor Grill
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire Sprinkler System

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • RV or Boat Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Gas Grill

Schools

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

Farming

  • Pasture

Utilities

  • Vented Exhaust Fan
  • Boiler Heating System
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • Septic System
  • Internet Available
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 325700002035

Community Details

Overview

  • Association fees include landscaping, trash, snow removal, management, road maintenance, common area taxes
  • Red Mountain Ranch HOA

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,193

Year Built

Built in 2000

Lot Details

0

HOA Fees

$267 per month

Listing Details

  • Appliance Inclusions: Range Top, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Double Oven, Exhaust Fan, Oven-Convection, Oven-Wall, Indoor Grill
  • Estimated Total Acres: 35.1
  • Class: RESIDENTIAL
  • Common Facilities: Gated Community
  • Em Deposit: 175,000
  • Em Holder: Gunnison County Abstract
  • Exterior Inclusions: Satellite Dish, Landscaping, Deck, Gas Grill, Hot Tub, Lawn Sprinklers, Covered Porch
  • Interior Inclusions: Window Coverings, Wired/Cable TV, All Furnishings, Cathedral Ceiling, Ceiling Fan(s), Sound System, Granite Counters, Pantry, Security System, Walk In Closet, Hot Tub, Garage Door Opener, Fire Sprinklers, Game Room, Media Room, Heated Garage
  • Legal Lot Block: Lot 30, RED MOUNTAIN RANCH, according to the plat recorded October 10, 1996 as Reception No. 471177
  • List Price per Sq Ft: 711.82
  • Lot Size Acreage: 35+
  • Parcel Id Number: 325700002035
  • Price Per Sq Ft: 655.89
  • Property Description: Pasture, Wooded Lot
  • Real Estate Included: Yes
  • Residence Stories: Two Story
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Cedar
  • Sold Price Sq Ft: 655.89
  • Street Descriptionaccess: Private, Gravel, 150'+ Frontage, Private Winter Maintenanc
  • Street Designation: Road
  • Tax Account Id: R032393
  • Type: Stick Built
  • Access: Year Round
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: Century Link
  • Internet Service: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 11,193.43
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Dining Room: Island, Kitchen/Dining, Living Room Dining, Separate Dining
  • Bedrooms: 5
  • Flooring: Carpet-Partial, Hardwood, Slate, Tile
  • Estimated Total Sq Ft: 4917
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 5
  • Fireplace Location Type: Living Room
  • Foundation: Slab, Stemwall, Basement-walk out, Basement-partial finish, Concrete, Permanent
  • Lower Level Sq Ft: 1890
  • Main Level Sq Ft: 3027
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Windows: Clad, Low Emittance, Metal, Thermal Panes, Wood
  • Construction Type: Wood Frame, Wood, Stone, Post & Beam
  • Roof: Wood Shingle
  • Views: Mountains

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Propane-Tank Leased, Internet, Phone - Cell Reception, Phone - Landline
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: AmeriGas
  • Heating System: Boiler, Floor Radiant, Fireplace
  • Sewer Supplier: Septic
  • Water Heater: Gas Water Heater, Tankless
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: MH - 37252

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Landscaping, Trash, Snow Removal, Management, Road Maintenance, Common Area Taxes
  • Hoametro Fees: 3200
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Red Mountain Ranch HOA

Schools

  • High School: Crested Butte Community K-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

MLS Schools

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

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Nov 18, 2020
Sold by
Cojo Partners Ltd
Bought by
Hotchkiss Steven D and Hotchkiss Lisa C
Seller's Agent
Cathy Benson
LIV Sotheby's International Realty - CB
Buyer's Agent
Corey Dwan
Corey Dwan, Independent Broker
List Price
$3,500,000
Sold Price
$3,225,000
Premium/Discount to List
-$275,000
-7.86%
Current Estimated Value
$5,317,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,092,290
Avg. Annual Appreciation
10.41%
Original Mortgage
$1,725,000
Outstanding Balance
$1,245,981
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$4,071,309

Purchase Details

Closed on
May 21, 2015
Sold by
Savarese Ralph
Bought by
Cojo Partners Ltd

Purchase Details

Closed on
Apr 10, 2015
Sold by
Mcmorrow Roberta
Bought by
Savarese Ralph

Purchase Details

Closed on
Jan 3, 2006
Sold by
Brown-Tex Pipe Ltd
Bought by
Savarese Ralph and Mcmorrow Roberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 23, 2000
Sold by
Simmons Robert H
Bought by
Brown Tex Pipe Ltd

Purchase Details

Closed on
Jul 14, 1999
Sold by
Lacy & Dow Llc
Bought by
Simmons Robert H
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
Hotchkiss Steven D -- Gunnison County Abstract Co
Hotchkiss Steven D $3,225,000 Gunnison County Abstract Co
Cojo Partners Ltd -- None Available
Cojo Partners Ltd $127,500 None Available
Savarese Ralph -- None Available
Savarese Ralph $3,625,000 None Available
Brown Tex Pipe Ltd -- --
Simmons Robert H $397,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hotchkiss Steven D $1,725,000
Previous Owner Savarese Ralph $300,000
Previous Owner Savarese Ralph $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2020 11/19/20 Sold $3,225,000 -7.9% $656 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $3,500,000 -- $712 / 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 $18,073 $302,080 $50,230 $251,850
2023 $18,073 $298,390 $49,610 $248,780
2022 $13,336 $196,080 $29,050 $167,030
2021 $11,825 $201,730 $29,890 $171,840
2020 $11,452 $197,530 $34,860 $162,670
2019 $11,193 $197,530 $34,860 $162,670
2018 $9,761 $166,430 $25,340 $141,090
2017 $9,860 $166,430 $25,340 $141,090
2016 $8,624 $155,000 $25,470 $129,530
2015 $9,835 $155,000 $25,470 $129,530
2014 $9,835 $172,660 $28,260 $144,400
Source: Public Records

Agents Affiliated with this Home

  • Cathy Benson

    Seller's Agent in 2020

    Cathy Benson

    LIV Sotheby's International Realty - CB

    (970) 209-5015

    39 Total Sales

    Cathy Benson
    Section Image

  • C

    Buyer's Agent in 2020

    Corey Dwan

    Corey Dwan, Independent Broker

    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 773774

Colorado Real Estate Network (CREN)

APN: R032393

Colorado Gunnison County Crested Butte 81224

426 Red Mountain Ranch Upper Loop, Crested Butte, CO

Not Listed for Sale

Detached

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