NOT LISTED FOR SALE

518 Water St Red Cliff, CO 81649

Estimated Value: $749,000 - $954,328

3 Beds
1 Bath
941 Sq Ft
$929/Sq Ft Est. Value

Last Sold May 19, 2014

Last sale price $163,000 $173 Per Sq Ft

Est. 436% increase in value since last sale

Current estimated payment $5,134/month

1,324 Days on Market

Highlights

  • Wood Flooring
  • Satellite Dish
  • Heating System Uses Natural Gas
  • No HOA

About This Home

As of May 2014

Historic Cabin On Large Lot, 17,400 Sq Ft. Can Be Subdivided into two 30 Ft wide lots. 60ft Of Frontage On Water St 78ft Of Frontage On High St. Adjoining 30ft Wide 7,000 Sq Ft Lot Sold For 100k June 2010.Value Is In Land And Taps Basically Get House For Free And Have Advantage Of Rental Income And Tax Status as developed land. Out Building Has Power & Heat.Cabin has 3 bedrooms 1 bath and large finished attic with own entrance. Hardwood floors through out. Cabin rents for $1150/mo. Owner/Broker

Last Agent to Sell the Property

Thomas Sullivan

Minturn Real Estate & Dev License #FA100006997 Listed on: 10/10/2013

Last Buyer's Agent

Ben Kleimer

The Kleimer Company License #FA40013103

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $778

Year Built

  • Built in 1933

Lot Details

  • 0.4 Acre Lot

Home Design

  • Wood Foundation
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Metal Roof
  • Log Siding

Interior Spaces

  • 941 Sq Ft Home
  • 2-Story Property
  • Range
  • Washer

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Phone Available
  • Satellite Dish

Community Details

  • No Home Owners Association
  • Red Cliff Subdivision

Listing and Financial Details

  • Legal Lot and Block 3a / P
  • Assessor Parcel Number 220519406024
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$778

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Lot Size Acres: 0.4
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Building Stories: 2
  • Monthly Sewer Expense: 37.0
  • Monthly Water Expense: 86.0
  • Year Built: 1933
  • Subdivision Name: Red Cliff
  • Tax Parcel Letter: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Entry Location: 1
  • Furnished: Unfurnished
  • Interior Amenities: See Remarks
  • Appliances: Range, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Tile, Wood
  • Living Area: 941.0
  • Appliances Included:Range: Yes
  • Interior Features:See Remarks10: Yes
  • Appliances Included:Washer: Yes

Exterior Features

  • Roof: Asphalt, Metal
  • Construction Type: Log
  • Foundation Details: Block, Wood
  • Construction:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other
  • Parking:Other6: Yes

Utilities

  • Cooling: None
  • Heating: Electric, Natural Gas
  • Sewer: Sewer Connected
  • Water Source: Public
  • Laundry Features: Gas Dryer Hookup
  • Cooling Y N: No
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Satellite, Sewer Available, Trash, Water Available
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: None

Association/Amenities

  • HOAComm Amenities:None2: Yes

Lot Info

  • Lot Size Sq Ft: 17468.0
  • Parcel #: 220519406024
  • Land Lease: No
  • Zoning: Duplex
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 778.0
  • Tax Block: P
  • Tax Lot: 3a
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2013
Closed on
May 14, 2014
Sold by
Sullivan Thomas S
Bought by
Satsky Erin K and Satsky Benjamin R
Seller's Agent
Thomas Sullivan
Minturn Real Estate & Dev
Buyer's Agent
Ben Kleimer
The Kleimer Company
List Price
$249,000
Sold Price
$163,000
Premium/Discount to List
-$86,000
-34.54%
Current Estimated Value
$874,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$711,082
Avg. Annual Appreciation
16.90%
Original Mortgage
$160,145
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 2006
Sold by
Lovato Ronnie V and Rivet Irene
Bought by
Sullivan Thomas S

Purchase Details

Closed on
Apr 27, 1999
Sold by
Lovato Virgilio and Lovato Cordelia
Bought by
Lovato Ronnie V and Rivet Irene
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Satsky Erin K $163,100 Land Title Guarantee Company
Sullivan Thomas S $310,000 Land Title Guarantee Company
Sullivan Thomas S -- Land Title Guarantee Company
Lovato Ronnie V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Satsky Benjamin R $182,000
Open Satsky Benjamin R $502,000
Closed Satsky Benjamin R $502,567
Closed Satsky Benjamin R $58,400
Closed Satsky Benjamin R $392,000
Closed Satsky Erin K $160,145
Previous Owner Sullivan Thomas S $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2014 05/19/14 Sold $163,000 -34.5% $173 / Sq Ft
02/19/2014 02/19/14 Pending -- -- --
07/06/2010 07/06/10 For Sale $249,000 -- $265 / Sq Ft
Source: Vail Multi-List Service

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 $4,449 $55,280 $15,120 $40,160
2023 $4,449 $55,280 $15,120 $40,160
2022 $4,086 $46,620 $11,220 $35,400
2021 $4,162 $47,960 $11,540 $36,420
2020 $3,705 $42,830 $9,790 $33,040
2019 $3,691 $42,830 $9,790 $33,040
2018 $1,635 $18,690 $7,040 $11,650
2017 $1,317 $15,160 $7,040 $8,120
2016 $1,281 $14,890 $7,790 $7,100
2015 -- $14,890 $7,790 $7,100
2014 $798 $9,690 $7,790 $1,900
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Thomas Sullivan

    Minturn Real Estate & Dev

    (970) 376-2167

    7 Total Sales

    Section Image

  • B

    Buyer's Agent in 2014

    Ben Kleimer

    The Kleimer Company

    (970) 471-1425

    17 Total Sales

    Section Image
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Map

Source: Vail Multi-List Service

MLS Number: 144918

Vail Multi-List Service

APN: R064314

Colorado Eagle County Red Cliff

518 Water St, Red Cliff, CO

This home is located at 518 Water St, Red Cliff, CO 81649 since 10 October 2013 and is currently estimated at $874,082, approximately $928 per square foot. This property was built in 1933. 518 Water St is a home located in Eagle County with nearby schools including Red Sandstone Elementary School and Battle Mountain High School.

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