NOT LISTED FOR SALE

4559 Frying Pan Rd Basalt, CO 81621

Estimated Value: $1,742,000 - $2,690,000

4 Beds
4.5 Baths
3,964 Sq Ft
$569/Sq Ft Est. Value

Last Sold July 12, 2023

Last sale price $2,750,000 $694 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $13,204/month

378 Days on Market

Highlights

  • Spa
  • 4 Fireplaces
  • Air Conditioning
  • Contemporary Architecture
  • No HOA
  • Views

About This Home

As of July 2023

Nestled at the base of the majestic Seven Castles rock formations, this beautifully renovated and expanded 4-bdrm+office home offers breathtaking views of the Frying Pan Valley. Owned by a luxury builder and self-professed ''foodie,'' the kitchen is the masterpiece of the home with stunning walnut cabinetry, Sub-Zero and Wolf appliances, quartz countertops and butcher block ''prep'' area, plus a coffee station and built-in Mugnaini pizza oven. The main suite features vaulted ceiling with reclaimed trusses, plaster walls, a double-sided fireplace, private deck, a large walk-in closet and spacious bath with a fireplace & sitting area. The living room and the game room/den open to a deck with a covered dining area and brand new saltwater hot tub. (see more...)Additional recent upgrades include a lower level gym, expanded rear deck, a new asphalt auto court, and gravel that was just poured this Spring on the neighborhood road. Outside, you'll find a firepit, shed, playhouse & raised garden bed. This is a true Colorado paradise with fishing, hiking, and biking outside your door, while Basalt's shops, restaurants and galleries are a scenic five miles away. This property offers some of the most breathtaking views of the Frying Pan Valley and easy access to the Frying Pan River. Additional recent upgrades include a lower level gym, expanded rear deck, a new asphalt auto court, and gravel that was just poured this Spring on the neighborhood road. Outside, you'll find a firepit, shed, playhouse & raised garden bed. This is a true Colorado paradise with fishing, hiking, and biking outside your door, while Basalt's shops, restaurants and galleries are a scenic five miles away. This property offers some of the most breathtaking views of the Frying Pan Valley and easy access to the Frying Pan River.

Last Listed By

Garrett Reuss

Aspen Snowmass Sotheby's International Realty-Snowmass Village Brokerage Phone: (970) 923-2006 License #FA40005762 Listed on: 04/28/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,163

Year Built

  • Built in 2002

Lot Details

  • 0.5 Acre Lot
  • Southern Exposure
  • Fenced
  • Gentle Sloping Lot
  • Property is in excellent condition

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 3,964 Sq Ft Home
  • 3-Story Property
  • 4 Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Walk-Out Basement
  • Property Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Carport

Outdoor Features

  • Spa
  • Patio
  • Storage Shed

Location

  • Mineral Rights Excluded

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Radiant Heating System
  • Propane
  • Water Rights Not Included
  • Well
  • Septic Tank
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 246702300029

Community Details

Overview

  • No Home Owners Association
  • Frying Pan River Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,163

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.5
  • Co List Office Mls Id: asssmva
  • Co List Office Phone: 970-923-2006
  • Inclusions: Dryer, Oven, Refrigerator, Washer, Window Coverings, Range, Microwave, Dishwasher
  • Subdivision Name: Frying Pan River
  • Directions: From downtown Basalt, take Frying Pan Road up about 5 miles and turn LEFT when you see a cluster of mailboxes on the right hand side onto 1/2 Frying Pan Road.
  • Architectural Style: Contemporary
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 2002
  • Tax Parcel Letter: R059526
  • Attribution Contact: (970) 923-2006
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential
  • General Info:Unfinished SqFt: 299.0
  • General Info:Main Floor Master: No
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Listing Info:ADU: No
  • General Info:Levels: 3.0
  • General Info:Short Termable: Yes
  • Financing Info:Taxes2: 4163.16
  • Financing Info:Tax Year2: 2021
  • Extras:PatioDeck: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Wood Siding: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Water Rights:No3: Yes
  • Extras:Cable TV: Yes
  • Extras:Fence: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • Substructure:Walkout: Yes
  • Sanitation:Septic: Yes
  • Inclusions:Oven: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • Cooling:AC: Yes
  • Extras:Storage Shed: Yes
  • Water:Well - Domestic: Yes
  • Carport:_one_ Car: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Walk-Out Access
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplaces: 4
  • Fireplace: Yes
  • Living Area: 3964.0
  • Fireplace:Gas: Yes

Exterior Features

  • Fencing: Fenced
  • Construction Type: Wood Siding, Frame
  • Property Condition: Excellent
  • Construction:Frame: Yes

Garage/Parking

  • Keywords Info:Garage: 1 Car
  • General Info:Garage SqFt: 321.0

Utilities

  • Cooling: A/C
  • Cooling Y N: Yes
  • Heating: Radiant, Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Propane
  • Water Source: Well
  • Heating:Radiant: Yes
  • Heating:Forced Air: Yes
  • Gas/Propane: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Location Amenities:Gentle Topo: Yes
  • Location Amenities:Exposure Southern: Yes

Lot Info

  • Lot Size Sq Ft: 21736.0
  • Parcel #: 246702300029
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4163.16
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2022
Closed on
Jul 12, 2023
Sold by
Montalbano Frank T
Bought by
Knecht Patric and Mindich Willow
Seller's Agent
Garrett Reuss
Aspen Snowmass Sotheby's International Realty-Snowmass Village
Buyer's Agent
Garrett Reuss
Aspen Snowmass Sotheby's International Realty-Snowmass Village
List Price
$3,199,000
Sold Price
$2,750,000
Premium/Discount to List
-$449,000
-14.04%
Total Days on Market
378
Views
29
Current Estimated Value
$2,254,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$495,058
Avg. Annual Appreciation
-9.37%
Original Mortgage
$962,357
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 28, 2022
Closed on
Jul 11, 2023
Sold by
Montalbano Frank T
Bought by
Knecht Patric and Mindich Willow
Seller's Agent
Garrett Reuss
Aspen Snowmass Sotheby's International Realty-Snowmass Village
Buyer's Agent
Garrett Reuss
Aspen Snowmass Sotheby's International Realty-Snowmass Village
List Price
$3,199,000
Sold Price
$2,750,000
Premium/Discount to List
-$449,000
-14.04%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$962,357
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2014
Sold by
Walters Jared and Estate Of Monica K Montalbano
Bought by
Montalbano Frank

Purchase Details

Closed on
Mar 5, 2007
Sold by
Peppers Thomas Michael and Peppers Karen C
Bought by
Montalbano Frank T and Montalbano Monika K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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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
Knecht Patric $2,750,000 Land Title
Knecht Patric -- None Listed On Document
Montalbano Frank $10,000 None Available
Montalbano Frank T $470,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Montalbano Frank T $962,357
Previous Owner Montalbano Frank $1,040,000
Previous Owner Montalbano Frank $245,000
Previous Owner Montalbano Frank T $988,800
Previous Owner Montalbano Frank T $975,000
Previous Owner Montalbano Frank T $625,500
Previous Owner Montalbano Frank T $260,000
Previous Owner Montalbano Frank T $352,332
Previous Owner Daniels David A $120,000
Previous Owner Montalbano Frank T $527,000
Previous Owner Montalbano Frank T $522,400
Previous Owner Peppers Thomas Michael $400,000
Previous Owner Montalbano Frank T $470,000
Previous Owner Peppers Thomas M $725,000
Previous Owner Peppers Thomas Michael $331,000
Previous Owner Peppers Thomas Michael $1,691,000
Previous Owner Peppers Michael $331,000
Previous Owner Peppers Michael $1,541,000
Previous Owner Mallinger Judith E $223,041
Previous Owner Peppers Thomas Michael $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2023 07/12/23 Sold $2,750,000 -8.3% $694 / Sq Ft
04/26/2023 04/26/23 Price Changed $2,999,000 -3.1% $757 / Sq Ft
10/07/2022 10/07/22 Price Changed $3,095,000 -3.3% $781 / Sq Ft
04/28/2022 04/28/22 For Sale $3,199,000 -- $807 / 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 $7,714 $103,630 $14,530 $89,100
2023 $7,714 $103,630 $14,530 $89,100
2022 $4,051 $50,400 $11,820 $38,580
2021 $4,163 $51,850 $12,160 $39,690
2020 $3,485 $45,570 $12,160 $33,410
2019 $3,518 $45,570 $12,160 $33,410
2018 $3,736 $47,930 $12,240 $35,690
2017 $3,537 $47,930 $12,240 $35,690
2016 $3,068 $40,840 $11,840 $29,000
2015 -- $40,840 $11,840 $29,000
2014 $2,780 $38,950 $11,840 $27,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 174755

Aspen Glenwood MLS

APN: R059526