NOT LISTED FOR SALE

487 Palmer Peak Dr Fairplay, CO 80440

Estimated Value: $641,000 - $694,000

3 Beds
2.5 Baths
1,584 Sq Ft
$423/Sq Ft Est. Value

Last Sold January 02, 2020

Last sale price $400,000 $253 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,750/month

184 Days on Market

Highlights

  • Fishing
  • 5 Acre Lot
  • Vaulted Ceiling
  • Lake View
  • Wood Burning Stove
  • Wood Flooring

About This Home

As of January 2020

Expansive Views from this fully-furnished 3 bedroom, 2.5 bath perfectly decorated home with garage on 5 acres in prestigious Silverheels Ranch! Beautiful rock wall behind Wood Stove in great room & plenty of entertainment options in family room. Laundry & Utility Rooms, huge wrap-around deck, & garage workbench are just icing on the cake. Subdivision boasts 2 stocked trout ponds, National Forest access, DSL, & Augmented Wells allow watering of 2 horses or garden, & 30 minutes from Breckenridge!

Last Agent to Sell the Property

John Faile

Timber Wolf Realty License #FA40036546 Listed on: 06/01/2019

Last Buyer's Agent

Anne Marie Ohly

Omni Real Estate License #ER326911

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,485

Year Built

  • Built in 1991

Lot Details

  • 5 Acre Lot
  • Zoning described as Residential Rural

HOA Fees

  • $3 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Property Views

  • Lake
  • Woods
  • Mountain
  • Valley

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Tile Roof
  • Asphalt Roof

Interior Spaces

  • 1,584 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Wood Burning Stove
  • Utility Room
  • Finished Basement

Kitchen

  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Baseboard Heating
  • Propane
  • Well
  • Septic Tank
  • Septic System
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 36255

Community Details

Overview

  • Association fees include common area maintenance, common areas
  • Silverheels Ranch Subdivision

Recreation

  • Fishing
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,485

Year Built

Built in 1991

Lot Details

0

HOA Fees

$3 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 5.0
  • Subdivision Name: SILVERHEELS RANCH
  • Directions: From Fairplay, North on HWY 285 to Left on Silverheels Rd. Stay on Silverheels Rd about 2 miles then turn Left onto Palmer Peak just before National Forest entrance. Home on Right about a mile down.
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built: 1991
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Range Hood, Some Electric Appliances, Dryer, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning Stove
  • Flooring: Carpet, Wood
  • Interior Amenities: Vaulted Ceiling(s), Utility Room
  • Living Area: 1584.0

Exterior Features

  • Lot Features: See Remarks
  • View: Lake, Mountain(s), Valley, Trees/Woods
  • View: Yes
  • Exclusions: No
  • Construction Type: Wood Frame
  • Foundation Details: Poured
  • Property Condition: Resale
  • Roof: Asphalt, Tile

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage

Utilities

  • Green Building Features: See Remarks
  • Heating: Baseboard, Electric, Wood Stove
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Natural Gas Available, Propane, Phone Available, See Remarks, Trash Collection, Cable Available, Septic Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: See Remarks, Trails/Paths, Fishing
  • Association Fee: 40.0
  • Association Fee Frequency: Annually
  • Pets Allowed: Owner Only, Pet Restrictions

Fee Information

  • Association Fee Includes: Common Area Maintenance, Common Areas, See Remarks

Lot Info

  • Lot Size Sq Ft: 217800.0
  • Parcel #: 36255
  • Zoning Description: Residential Rural

Tax Info

  • Tax Annual Amount: 1485.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2019
Closed on
Jan 2, 2020
Sold by
Hogan Mary Nathalie and Hogan Leslie
Bought by
Herman Norbert and Herman Bonnie
Seller's Agent
John Faile
Timber Wolf Realty
Buyer's Agent
Anne Marie Ohly
Omni Real Estate
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$670,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,241
Avg. Annual Appreciation
9.09%
Original Mortgage
$360,000
Outstanding Balance
$318,074
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$352,167

Purchase Details

Closed on
Jun 15, 2006
Sold by
Cooper Charles Stephen and Cooper Marcia Kim
Bought by
Hogan Mary Nathalie and Hogan Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,220
Interest Rate
6.58%
Mortgage Type
Credit Line Revolving
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
Herman Norbert $400,000 Fidelity National Title
Hogan Mary Nathalie $261,800 Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herman Norbert $360,000
Previous Owner Hogan Mary Nathalie $26,220
Previous Owner Hogan Mary Nathalie $209,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2020 01/02/20 Sold $400,000 0.0% $253 / Sq Ft
12/03/2019 12/03/19 Pending -- -- --
06/01/2019 06/01/19 For Sale $400,000 -- $253 / Sq Ft
Source: Summit 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 $2,694 $44,320 $11,260 $33,060
2023 $2,694 $44,320 $11,260 $33,060
2022 $1,730 $27,027 $7,966 $19,061
2021 $1,691 $27,800 $8,190 $19,610
2020 $1,502 $23,910 $6,660 $17,250
2019 $1,454 $23,910 $6,660 $17,250
2018 $1,315 $23,910 $6,660 $17,250
2017 $1,185 $21,170 $6,500 $14,670
2016 $1,167 $21,540 $7,000 $14,540
2015 $1,191 $21,540 $7,000 $14,540
2014 $1,231 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    John Faile

    Timber Wolf Realty

    (719) 839-9281

    54 in this area

    66 Total Sales

    John Faile
    Section Image
  • Anne Marie Ohly

    Buyer's Agent in 2020

    Anne Marie Ohly

    Omni Real Estate

    (970) 485-0183

    80 in this area

    603 Total Sales

    Anne Marie Ohly
    Section Image
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Map

Source: Summit MLS

MLS Number: S1013619

Summit MLS

APN: 36255

Colorado Park County Fairplay 80440

487 Palmer Peak Dr, Fairplay, CO

Not Listed for Sale

Detached

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