NOT LISTED FOR SALE

4959 Frying Pan Rd Basalt, CO 81621

Estimated Value: $1,803,000

21 Acres
$85,694 Price per Acre
916,502 Sq Ft Lot

Last Sold June 15, 2021

Last sale price $1,775,000 $3,793 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $10,621/month

197 Days on Market

Highlights

  • Horse Property
  • Pond
  • Wooded Lot
  • 21.04 Acre Lot
  • Lake, Pond or Stream
  • No HOA

About This Lot

As of June 2021

GREAT OPPORTUNITY to build a legacy home compound on this 21 acre property in the beautiful Frying Pan River Valley just 4.8 miles from downtown Basalt. Enjoy this 21 acre site with great views and beautiful two acre pond with lots of trees. Plenty of water rights (see summary under documents) for housing and irrigation. The property is currently improved with 3 cabins and 5 mobile home pads that that are currently rented month-to-month and produce gross rental income of $75,600 annually with net income after expenses of about $45,000. Enjoy snowmobiling, hiking, mountain biking right outside your door with boating and sailing at Ruedi Reservoir just a few miles up the road.

Last Agent to Sell the Property

The Smalls Aspen

Coldwell Banker Mason Morse-Aspen Brokerage Phone: (970) 925-7000 License #EA.001321344 Listed on: 02/17/2021

Co-Listed By

William Small, JD CCIM

Coldwell Banker Mason Morse-Aspen Brokerage Phone: (970) 925-7000 License #ER.1321344

Last Buyer's Agent

Doug Leibinger

Compass Aspen License #FA40009481

Compass Aspen

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,976

Lot Details

  • 21.04 Acre Lot
  • Level Lot
  • Wooded Lot
  • Property is zoned RR-Rural Residential

Additional Homes

  • Accessory Dwelling Unit (ADU)

Utilities

  • Water Rights
  • Irrigation Water Rights
  • Well
  • Septic Tank
  • Septic System

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 246702401001

Community Details

Overview

  • No Home Owners Association
  • Property is near a preserve or public land

Recreation

  • Pond
  • Lake, Pond or Stream
  • Horse Property

Property Details

Property Type

Land

Est. Annual Taxes

$20,976

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Lot
  • Prop. Type: RES Vacant Land
  • Lot Size Acres: 21.04
  • Co List Office Mls Id: CBMMAspen
  • Co List Office Phone: 970-925-7000
  • Subdivision Name: None
  • Directions: Begin at Midland Avenue in downtown Basalt to Frying Pan Road and go 4.8 miles toward Ruedi Reservoir and 1st entrance to the property is on the left just beyond Knight Road. The 2nd entrance is the next left just beyond the pond.
  • Tax Parcel Letter: R028072
  • Attribution Contact: (970) 925-7000
  • General Info:Zoning2: RR-Rural Residential
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Financing Info:Taxes2: 20976.0
  • Financing Info:Tax Year2: 2019
  • Sanitation:Septic: Yes
  • Lot Description:Flat: Yes
  • Lot Description:Horse Property3: Yes
  • Lot Description:Rolling: Yes
  • Lot Description:Wooded Lot: Yes
  • Water:Well Installed: Yes
  • Lot Description:Pond Lake Stream: Yes
  • Extras:Pond System: Yes
  • General Info:ADU Allowed: Yes
  • Lot Description:Borders Public Land2: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Exterior Features

  • Disclosures: Easements, Leases
  • Water Rights Available: Yes

Utilities

  • Sewer: Septic Tank
  • Water Source: Well Installed
  • Water Rights Irrigation: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association

Lot Info

  • Lot Size Sq Ft: 916502.0
  • Parcel #: 246702401001
  • Zoning: RR-Rural Residential
  • ResoLotSizeUnits: Acres
  • Lot Description View: Yes

Tax Info

  • Tax Annual Amount: 20976.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
Jun 15, 2021
Sold by
Seven Castles Properties Ltd
Bought by
Kostiner Shay
Seller's Agent
The Smalls Aspen
Coldwell Banker Mason Morse-Aspen
Buyer's Agent
Doug Leibinger
Compass Aspen
List Price
$2,150,000
Sold Price
$1,775,000
Premium/Discount to List
-$375,000
-17.44%
Current Estimated Value
$1,803,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,000
Avg. Annual Appreciation
0.33%

Purchase Details

Listed on
Feb 17, 2021
Closed on
Jun 3, 2021
Sold by
Seven Castles Properties Ltd
Bought by
Kostiner Shay
Seller's Agent
The Smalls Aspen
Coldwell Banker Mason Morse-Aspen
Buyer's Agent
Doug Leibinger
Compass Aspen
List Price
$2,150,000
Sold Price
$1,775,000
Premium/Discount to List
-$375,000
-17.44%

Purchase Details

Closed on
Feb 1, 1999
Sold by
7 Castles Development Co
Bought by
Seven Castles Properties Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5%
Source: Public Records

Range of Values:

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Average Value
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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
Kostiner Shay $1,775,000 Land Title Guarantee Co
Kostiner Shay -- Land Title Guarantee Co
Seven Castles Properties Ltd $1,700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seven Castles Properties Ltd $2,100,000
Previous Owner Seven Castles Properties Ltd $650,000
Closed Seven Castles Properties Ltd $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Sold $1,775,000 -17.4% $3,793 / Sq Ft
04/22/2021 04/22/21 Pending -- -- --
10/06/2020 10/06/20 For Sale $2,150,000 -- $4,594 / 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 $7,381 $428,250 $422,820 $5,430
2023 $7,381 $99,160 $97,900 $1,260
2022 $8,220 $102,270 $87,640 $14,630
2021 $9,590 $119,440 $92,150 $27,290
2020 $20,779 $271,670 $150,900 $120,770
2019 $20,976 $271,670 $150,900 $120,770
2018 $22,221 $285,080 $129,810 $155,270
2017 $21,039 $285,080 $129,810 $155,270
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    The Smalls Aspen

    Coldwell Banker Mason Morse-Aspen

  • W

    Seller Co-Listing Agent in 2021

    William Small, JD CCIM

    Coldwell Banker Mason Morse-Aspen

  • D

    Buyer's Agent in 2021

    Doug Leibinger

    Compass Aspen

    (970) 948-0773

    151 Total Sales

    Doug Leibinger
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Map

Source: Aspen Glenwood MLS

MLS Number: 166959

Aspen Glenwood MLS

APN: R028072

Colorado Eagle County Basalt 81621

4959 Frying Pan Rd, Basalt, CO

This home is located at 4959 Frying Pan Rd, Basalt, CO 81621 since 17 February 2021 and is currently estimated at $1,803,000, approximately $3,852 per square foot. 4959 Frying Pan Rd is a home located in Eagle County.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Aspen Glenwood MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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