NOT LISTED FOR SALE

506 Lake Ct Basalt, CO 81621

Estimated Value: $1,890,000 - $2,103,000

3 Beds
2.5 Baths
2,410 Sq Ft
$822/Sq Ft Est. Value

Last Sold October 28, 2014

Last sale price $650,000 $270 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $11,113/month

114 Days on Market

Highlights

  • Green Building
  • Evaporated cooling system
  • Resident Manager or Management On Site
  • Corner Lot
  • Views
  • 2-minute walk to Willits Park

About This Home

As of October 2014

A corner lot in the hottest neighborhood in Basalt. This three bedroom home is ready for your life to begin here. Main level is open living space with a great yard and lots of light. The second level has bedrooms. There is an office/ 4th bedroom if so desired. Right across from the park, walking distance to Whole Foods, shopping and Dining. It is your turn to live where the action is.

Last Agent to Sell the Property

Brenda Wild

Berkshire Hathaway Home Services Signature Properties Brokerage Phone: (970) 429-8275 License #ER.40031244 Listed on: 05/27/2014

Berkshire Hathaway Home Services Signature Properties

Last Buyer's Agent

Brandon Blocker

Aspen Snowmass Sotheby's International Realty - Hyman Mall License #FA100014335

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,054

Year Built

  • Built in 2000

Lot Details

  • 6,819 Sq Ft Lot
  • Southern Exposure
  • North Facing Home
  • Corner Lot
  • Sprinkler System
  • Landscaped with Trees
  • Property is in excellent condition

Parking

  • 2 Car Garage

Home Design

  • Frame Construction
  • Composition Roof
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • ENERGY STAR Qualified Windows
  • Window Treatments
  • Crawl Space
  • Property Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Green Building
  • Passive Solar Power System
  • Energy-Efficient Thermostat

Location

  • Mineral Rights Excluded

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Rights Not Included

Listing and Financial Details

  • Assessor Parcel Number 246502315001

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include contingency fund, management, sewer, trash
  • Willits Subdivision

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,054

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Inclusions: Ceiling Fan, Dryer, Refrigerator, Washer, Window Coverings, Range, Microwave, Dishwasher
  • Subdivision Name: Willits
  • Directions: Take HYW 82 to Willits Road next to City Market, turn into first entrance into Willits, turn right on East Valley Rd. and left on to Lake Ct. First home on right.
  • Above Grade Finished Sq Ft: 1350.0
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 2000
  • Tax Parcel Letter: R048520
  • Attribution Contact: (970) 429-8275
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: residential
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • Listing Info:ADU: No
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 3053.56
  • Financing Info:Tax Year2: 2013
  • Extras:Landscaping: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Wood Siding: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Water Rights:No3: Yes
  • Extras:Lawn Sprinklers: Yes
  • HOA Fees Includes:Management: Yes
  • Substructure:Crawl Space: Yes
  • Roof:Composition Shingles: Yes
  • Mineral Rights:No2: Yes
  • Cooling:Evaporative Cooling: Yes
  • Inclusions:Ceiling Fan: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • HOA Fees Includes:Trash: Yes
  • General Info:LvHtSqFt (Abv Grnd): 1350.0
  • Unit Faces:North: Yes
  • General Info:LvHtSqFt (Blw Grnd): 1060.0
  • Style:Two Story: Yes
  • Water:Community: Yes
  • Home Performance Programs:Energy Star Rated: No
  • Energy Efficiency:ENERGY STAR Qualified Windows: Yes
  • Energy Efficiency:Passive Solar Design: Yes
  • Energy Efficiency:Progrmble Thermostat: Yes
  • Financing Info:HOA Dues YN: Yes
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1060.0
  • Living Area: 2410.0

Exterior Features

  • Lot Features: Corner Lot, Landscaped
  • Construction Type: Wood Siding, Frame
  • Property Condition: Excellent
  • Roof: Composition
  • Construction:Frame: Yes

Garage/Parking

  • Keywords Info:Garage: 2 Car
  • General Info:Garage SqFt: 400.0

Utilities

  • Laundry Features: Inside
  • Building Features: Yes
  • Cooling: Evaporative Cooling
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: Community
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: Pets Allowed/Owner
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • HOA Amenities:Pets AllowedOwner: Yes
  • Location Amenities:Corner Lot: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes

Fee Information

  • Association Fee Includes: Contingency Fund, Management, Sewer, Trash

Lot Info

  • Lot Size Sq Ft: 6819.0
  • Parcel #: 246502315001
  • Zoning: residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3053.56
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2014
Closed on
Oct 28, 2014
Sold by
Bossart Stephen W
Bought by
Marcinkowski Brian J
Seller's Agent
Brenda Wild
Berkshire Hathaway Home Services Signature Properties
Buyer's Agent
Brandon Blocker
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$685,000
Sold Price
$650,000
Premium/Discount to List
-$35,000
-5.11%
Current Estimated Value
$1,981,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,331,685
Avg. Annual Appreciation
10.48%
Original Mortgage
$571,400
Outstanding Balance
$440,281
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$1,541,404

Purchase Details

Closed on
Dec 21, 2012
Sold by
Bossart Barbara G and Bossart Stephanie W
Bought by
Bossart Stephen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,500
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2000
Sold by
Sandesign Inc
Bought by
Bossart Stephen W and Bossart Barbara G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
7.72%

Purchase Details

Closed on
Jul 7, 2000
Sold by
Emma Holdings Llc
Bought by
Sandesign Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
10%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 5, 2000
Sold by
River Rock Homes Gold Medal Series Ii Ll
Bought by
Emma Holdings Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Marcinkowski Brian J $650,000 Title Company Of The Rockies
Bossart Stephen W -- None Available
Bossart Stephen W $385,000 Stewart Title
Sandesign Inc $129,000 Land Title
Emma Holdings Llc $102,000 Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marcinkowski Brian J $571,400
Previous Owner Bossart Stephen W $290,500
Previous Owner Bossart Stephen W $308,000
Previous Owner Sandesign Inc $109,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2014 10/28/14 Sold $650,000 -5.1% $270 / Sq Ft
09/18/2014 09/18/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $685,000 -- $284 / 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 $8,765 $104,700 $28,800 $75,900
2023 $8,765 $104,700 $28,800 $75,900
2022 $5,748 $63,200 $15,290 $47,910
2021 $5,914 $65,020 $15,730 $49,290
2020 $4,614 $52,630 $15,370 $37,260
2019 $4,660 $52,630 $15,370 $37,260
2018 $4,880 $54,350 $13,100 $41,250
2017 $4,656 $54,350 $13,100 $41,250
2016 $4,159 $47,810 $12,340 $35,470
2015 -- $47,810 $12,340 $35,470
2014 $3,060 $37,510 $5,970 $31,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 134379

Aspen Glenwood MLS

APN: R048520