NOT LISTED FOR SALE

431 Meridian Lake Dr Unit Lot 55 Meridian Lake Crested Butte, CO 81224

Estimated Value: $1,395,563 - $1,859,000

2 Beds
2 Baths
2,164 Sq Ft
$718/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $1,100,000 $508 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $8,685/month

Highlights

  • Spa
  • Solar Power System
  • Deck
  • Crested Butte Community School Rated A-
  • Mountain View
  • Wood Burning Stove

About This Home

As of April 2021

Welcome to 431 Meridian Lake Drive. This gorgeous home is situated on a slightly elevated lot offering million dollar views of Crested Butte Mountain and the valley below. On a clear day you can see all the way to Fossil Ridge - 26 miles away! The views don't stop there. Inside the home, there are stunning views from every window. Upon entering from the flagstone patio and covered entry, you are greeted by an airlock mud room. To the right is a gear room, storage room, sunroom or pet room. Whatever suits your needs! Through the entry and before entering into the kitchen, the wood stove is situated at the base of the stairs, perfectly centralized to maximize heat efficiency throughout the home on those winter nights. Double stacked granite slabs complement the spacious kitchen island. The honed granite and the light cabinetry pulls the rest of the kitchen together. Watch the neighborhood birds and the snow pillow on the evergreen from the deep kitchen sink. In the living room, enjoy the warmth of the south facing windows and stunning views from every corridor. Before heading upstairs, there is a downstairs bedroom and a full bathroom across the hall. Upstairs features a spacious master suite complete with a private balcony, double sink, large tub, enclosed shower and walk-in closet. Down the hall from the master you find the loft area. This oversized room can serve many purposes. It could be transformed into a future third bedroom and bathroom. The current owners use it as an office and overflow sleeping area. There are many other uses for the flexible space with a deep storage closet and a laundry area. The double car garage offers plenty of space for parking or storing those fun mountain toys. Outside the deck makes for a great extension of living space. The current owners expanded the deck in 2017 and added the hot tub shortly after. Speaking of hot tub, enjoy a nice soak after a long day of playing in the mountains. Watch shooting stars and the milky way rotate through the evening from this wonderful oasis. This home is turn key and ready to move into. Why wait to build when you can live and play in the mountains now?

Last Agent to Sell the Property

Heather Woodward

Berkshire Hathaway HomeServices Today Realty & Associates Listed on: 02/16/2021

Berkshire Hathaway HomeServices Today Realty & Associates

Last Buyer's Agent

Heather Woodward

Berkshire Hathaway HomeServices Today Realty & Associates Listed on: 02/16/2021

Berkshire Hathaway HomeServices Today Realty & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,517

Year Built

  • Built in 2003

Lot Details

  • 0.34 Acre Lot
  • Partially Fenced Property
  • Landscaped

HOA Fees

  • $43 Monthly HOA Fees

Property Views

  • Mountain
  • Valley

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Slab Foundation
  • Metal Roof
  • Stick Built Home
  • Stucco

Interior Spaces

  • 2,164 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Stove
  • Corner Fireplace
  • Free Standing Fireplace
  • Double Pane Windows
  • Window Treatments
  • Mud Room
  • Open Floorplan

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Solar Power System
  • Solar Water Heater

Outdoor Features

  • Spa
  • Balcony
  • Deck

Schools

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

Utilities

  • Heating System Uses Propane
  • High Speed Internet
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • Association fees include fishing rights, road maintenance
  • Meridian Lake Park HOA

Listing and Financial Details

  • Assessor Parcel Number 317722205003

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,517

Year Built

Built in 2003

Lot Details

0

HOA Fees

$43 per month

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave
  • Estimated Total Acres: 0.34
  • Class: RESIDENTIAL
  • Em Deposit: 25000
  • Em Holder: Land Title Guarantee CO
  • Exterior Inclusions: Landscaping, Deck, Hot Tub, Balcony
  • Fronts: Meridian Lake Drive
  • Interior Inclusions: Wood Stove, Window Coverings, Vaulted Ceiling, Granite Counters, Walk In Closet, Garage Door Opener, Air Lock Entry, Mud Room
  • Legal Lot Block: LOT 55 MERIDIAN LAKE PARK FILING 2 #641844
  • List Price per Sq Ft: 508.32
  • Lot Size Acreage: .25-.5
  • Parcel Id Number: 317722205003
  • Price Per Sq Ft: 508.32
  • Real Estate Included: Yes
  • Residence Stories: Two Story
  • Residence Style: Contemporary, Split-Level
  • Sale/Rent: For Sale
  • Siding: Stucco
  • Sold Price Sq Ft: 508.32
  • Street Descriptionaccess: County, Paved, Public Winter Maintenance
  • Street Designation: Drive
  • Tax Account Id: R012699
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Access: Year Round
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: IC Connect
  • Internet Service: Yes
  • Total Taxes Dollar: 3517.40
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Dining Room: Kitchen Bar, Kitchen/Dining, Eat-in Kitchen, Living Room Dining
  • Bedrooms: 2
  • Flooring: Carpet-Partial, Hardwood
  • Estimated Total Sq Ft: 2164
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 2
  • Fireplace Location Type: Free Standing, Angle nook
  • Foundation: Slab
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0

Exterior Features

  • Fence: Partial Property
  • Windows: Double Pane
  • Construction Type: Wood Frame
  • Roof: Metal
  • Views: Mountains, Valley

Garage/Parking

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

Utilities

  • Utilities: Electric, Solar, Cable TV, Internet - DSL, Phone - Cell Reception, Phone - Landline
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: AmeriGas
  • Heating System: Floor Radiant, Wood Stove
  • Sewer Supplier: Mt. Crested Butte Water and Sanitation
  • Water Heater: Solar Combo
  • Water Supplier: Mt. Crested Butte Water and Sanitation

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Fishing Rights, Road Maintenance
  • Hoametro Fees: 130
  • HOA Metro Fees Frequency: Quarterly
  • Hoa Name: Meridian Lake Park

Schools

  • High School: Crested Butte Community K-12

Green Features

  • Green Power: Solar(Hot Water)
  • Green Efficient: Heating

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

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
Feb 16, 2021
Closed on
Apr 27, 2021
Sold by
Woodward Roger F and Woodward Susan E
Bought by
Dustin J Gaspari Revocable Trust
Seller's Agent
Heather Woodward
Berkshire Hathaway HomeServices Today Realty & Associates
Buyer's Agent
Heather Woodward
Berkshire Hathaway HomeServices Today Realty & Associates
List Price
$1,100,000
Sold Price
$1,100,000
Current Estimated Value
$1,553,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$453,141
Avg. Annual Appreciation
7.95%
Original Mortgage
$548,250
Outstanding Balance
$496,464
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$1,056,677

Purchase Details

Closed on
Sep 8, 2016
Sold by
Rees Melanie
Bought by
Woodward Roger F and Woodward Susan E

Purchase Details

Closed on
Jun 3, 2002
Sold by
Jones Tony
Bought by
Rees Melanie

Purchase Details

Closed on
Oct 13, 2000
Sold by
Kaufman William E
Bought by
Jones Tony
Source: Public Records

Range of Values:

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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
Dustin J Gaspari Revocable Trust $1,100,000 Land Title Guarantee Co
Woodward Roger F $620,000 Stewart Title
Rees Melanie $107,500 --
Jones Tony $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dustin J Gaspari Revocable Trust $548,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2021 04/27/21 Sold $1,100,000 0.0% $508 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $1,100,000 -- $508 / 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 $5,666 $88,660 $21,740 $66,920
2023 $5,666 $84,970 $20,830 $64,140
2022 $4,400 $57,160 $12,840 $44,320
2021 $3,902 $58,810 $13,210 $45,600
2020 $3,517 $51,430 $10,900 $40,530
2019 $3,441 $51,430 $10,900 $40,530
2018 $2,870 $40,750 $8,100 $32,650
2017 $2,880 $40,750 $8,100 $32,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 778785

Colorado Real Estate Network (CREN)

APN: R012699