Seller's Agent in 2023
Kathleen Schulman
Berkshire Hathaway Home Services Signature Properties
(970) 319-7066
2 in this area
5 Total Sales
48 Summit Ln Snowmass Village, CO 81615
Estimated Value: $5,385,000 - $7,714,000
3
Beds
3.5
Baths
3,717
Sq Ft
$1,756/Sq Ft
Est. Value
Highlights
- Spa
- Green Building
- Contemporary Architecture
- Aspen Middle School Rated A-
- Indoor airPLUS
- Main Floor Primary Bedroom
About This Home
As of October 2023Enjoy the sunny side of SMV from the expansive windows that showcase spectacular views from every living space! Located in a private cul-de-sac, 5 minutes to Base Village and in the Aspen School District., with main floor living makes this contemporary home a must-see! Elegant doors open up to cherry wood floors, sunken living room with a wood-burning fireplace, entertainer's dining room, and primary bedroom with stunning head-on views of Snowmass ski area. Entry from the two-car garage leads to the mudroom, two offices., a walk-in pantry and chef's kitchen. Downstairs is host to the family room with wood-burning fireplace, full wet bar, laundry room and 2 guest bedrooms, 2 bathrooms and an art studio all with outdoor access to the lower patio, hot tub and gas firepit.
Last Agent to Sell the Property
Berkshire Hathaway Home Services Signature Properties Brokerage Phone: (970) 429-8275 License #FA.100005112 Listed on: 06/01/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,517
Year Built
- Built in 1980
Lot Details
- 0.41 Acre Lot
- Cul-De-Sac
- Southern Exposure
- Southeast Facing Home
- Gentle Sloping Lot
- Sprinkler System
- Landscaped with Trees
- Property is in excellent condition
HOA Fees
- $8 Monthly HOA Fees
Parking
- 2 Car Garage
Home Design
- Contemporary Architecture
- Poured Concrete
- Frame Construction
- Composition Roof
- Composition Shingle Roof
- Wood Siding
- Concrete Block And Stucco Construction
Interior Spaces
- 3,717 Sq Ft Home
- 2-Story Property
- Partially Furnished
- Wood Burning Fireplace
- Window Treatments
- Unfinished Basement
- Walk-Out Basement
- Home Security System
- Property Views
Kitchen
- Oven
- Microwave
- Freezer
- Dishwasher
- ENERGY STAR Cooktop
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
Laundry
- Laundry Room
- Dryer
- Washer
Eco-Friendly Details
- Green Building
- Indoor airPLUS
Outdoor Features
- Spa
- Patio
Location
- Mineral Rights Excluded
Utilities
- Forced Air Heating and Cooling System
- Radiant Heating System
- Hot Water Heating System
- Water Rights Not Included
- Cable TV Available
Listing and Financial Details
- Lease Option
- Assessor Parcel Number 264536102022
Community Details
Overview
- Association fees include sewer, trash, ground maintenance
- Wildridge Subdivision
Amenities
- Courtesy Bus
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 1, 2023
Closed on
Oct 27, 2023
Sold by
Thomas I Levitt Revocable Trust
Bought by
48Summit Llc
Seller's Agent
Kathleen Schulman
Berkshire Hathaway Home Services Signature Properties
Buyer's Agent
Penny Carruth
Aspen Snowmass International Realty
List Price
$5,400,000
Sold Price
$5,000,000
Premium/Discount to List
-$400,000
-7.41%
Views
126
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,527,593
Avg. Annual Appreciation
15.59%
Purchase Details
Listed on
Jun 27, 2016
Closed on
Oct 2, 2017
Sold by
Sorensen Gary L and Sorensen Barbara G
Bought by
Thomas I Levitt Revocable Trust
Seller's Agent
Thomas Carr
Leverich and Carr Real Estate
Buyer's Agent
Kathleen Schulman
Aspen Signature Properties
List Price
$2,850,000
Sold Price
$2,525,000
Premium/Discount to List
-$325,000
-11.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.91%
Purchase Details
Closed on
Sep 30, 2016
Sold by
Sorensen Gary L and Gary L Sorensen Revocable Trus
Bought by
Sorensen Gary L and Gary L Sorensenon Revocable Tr
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 18, 2015
Sold by
Sorensen Gary L and Gary L Sorensen Revocable Trus
Bought by
Sorensen Gary L and The Gary L Sorensen Revocable
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 21, 2005
Sold by
Carroll George
Bought by
Sorensen Barbara G and Sorensen Gary L
Purchase Details
Closed on
Jun 5, 2001
Sold by
Bishop James O and Bishop Bonnie B
Bought by
Pitkin Exchange Holdings Of Aspen Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,495,000
Interest Rate
7.07%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 48Summit Llc | $5,000,000 | Land Title | |
| Thomas I Levitt Revocable Trust | $2,525,000 | Title Co | |
| Sorensen Gary L | -- | Fidelity National Title | |
| Sorensen Gary L | -- | Land Title Guarantee Company | |
| Sorensen Barbara G | -- | -- | |
| Pitkin Exchange Holdings Of Aspen Llc | $1,195,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Thomas I Levitt Revocable Trust | $77,000 | |
| Previous Owner | Sorensen Gary L | $1,900,000 | |
| Previous Owner | Sorensen Gary L | $1,800,000 | |
| Previous Owner | Sorensen Barbara G | $1,495,000 | |
| Previous Owner | Sorensen Barbara G | $1,400,000 | |
| Previous Owner | Sorensen Barbara G | $400,000 | |
| Previous Owner | Sorensen Barbara G | $1,400,000 | |
| Previous Owner | Pitkin Exchange Holdings Of Aspen Llc | $1,495,000 | |
| Previous Owner | Bishop James O | $883,936 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/27/2023 10/27/23 | Sold | $5,000,000 | -3.8% | $1,345 / Sq Ft |
| 08/30/2023 08/30/23 | Pending | -- | -- | -- |
| 07/21/2023 07/21/23 | Price Changed | $5,200,000 | -3.7% | $1,399 / Sq Ft |
| 06/01/2023 06/01/23 | For Sale | $5,400,000 | +113.9% | $1,453 / Sq Ft |
| 10/02/2017 10/02/17 | Sold | $2,525,000 | -11.4% | $679 / Sq Ft |
| 08/19/2017 08/19/17 | Pending | -- | -- | -- |
| 06/27/2016 06/27/16 | For Sale | $2,850,000 | -- | $767 / Sq Ft |
Source: Aspen Glenwood MLS
Tax History Compared to Growth
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 | $18,234 | $391,070 | $165,940 | $225,130 |
| 2023 | $18,234 | $397,570 | $168,690 | $228,880 |
| 2022 | $9,517 | $186,940 | $69,500 | $117,440 |
| 2021 | $9,874 | $192,320 | $71,500 | $120,820 |
| 2020 | $9,214 | $181,440 | $71,500 | $109,940 |
| 2019 | $9,214 | $181,440 | $71,500 | $109,940 |
| 2018 | $8,848 | $182,710 | $72,000 | $110,710 |
| 2017 | $8,435 | $170,490 | $63,000 | $107,490 |
| 2016 | $9,060 | $183,600 | $61,690 | $121,910 |
| 2015 | $8,124 | $183,600 | $61,690 | $121,910 |
| 2014 | $7,801 | $174,560 | $63,680 | $110,880 |
Source: Public Records
Agents Affiliated with this Home
-
Kathleen Schulman
-
Penny Carruth
P
Buyer's Agent in 2023
Penny Carruth
Aspen Snowmass International Realty
(970) 379-9133
5 in this area
33 Total Sales
-
P
Buyer's Agent in 2023
Penney Evans-Carruth
Coldwell Banker Mason Morse-Aspen
-
Thomas Carr
T
Seller's Agent in 2017
Thomas Carr
Leverich and Carr Real Estate
(970) 379-9935
1 in this area
147 Total Sales
Map
Source: Aspen Glenwood MLS
MLS Number: 179505
APN: R001605
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