P
Seller's Agent in 2016
Pam Horan-Kates
Slifer Smith & Frampton - Cordillera
524 Red Draw Edwards, CO 81632
Estimated Value: $5,409,078 - $6,352,000
6
Beds
5.5
Baths
7,695
Sq Ft
$741/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Fitness Center
- Fishing
- Equestrian Center
- Indoor Spa
- 1.27 Acre Lot
About This Home
As of May 2016Expansive areas for entertaining flow easily inside and out of this dramatic home. Old World meets new with 100-year-old milled wood floors, hand-hewn beams, stone accent walls, arches and fireplaces complementing a cutting-edge kitchen, custom media room and over 1,800 sf of decks and patios. Main-floor master is perfect for the couple in residence, and there's plenty of room when family is in town, with additional bedrooms and generous 2-bedroom guest suite. Beautiful private wooded setting.
Last Agent to Sell the Property
Pam Horan-Kates
Slifer Smith & Frampton - Cordillera License #EA1244545 Listed on: 06/02/2015
Last Buyer's Agent
Non Member
Non Member Office
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,693
Year Built
- Built in 2008
Lot Details
- 1.27
HOA Fees
- $233 Monthly HOA Fees
Parking
- 3 Car Garage
Home Design
- Frame Construction
- Shake Roof
- Concrete Perimeter Foundation
- Stone
Interior Spaces
- 7,695 Sq Ft Home
- 3-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Gas Fireplace
- Indoor Spa
- Mountain Views
- Washer and Dryer
Kitchen
- Built-In Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Stone
Bedrooms and Bathrooms
- 6 Bedrooms
- Hydromassage or Jetted Bathtub
Outdoor Features
- Deck
- Patio
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Cable TV Available
Additional Features
- 1.27 Acre Lot
- Equestrian Center
Listing and Financial Details
- Assessor Parcel Number 210710407006
- Seller Concessions Offered
Community Details
Overview
- Association fees include common area maintenance, electricity, security, snow removal
- Cordillera F10 Red Draw 1 Red Tail Rid Subdivision
Amenities
- Shuttle
- Clubhouse
Recreation
- Golf Course Community
- Tennis Courts
- Racquetball
- Fitness Center
- Community Pool
- Community Spa
- Fishing
- Trails
- Snow Removal
Security
- Front Desk in Lobby
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2015
Closed on
May 3, 2016
Sold by
Norris Joel W and Norris Sheryl M
Bought by
Musso Christopher S and Musso Emily A
Seller's Agent
Pam Horan-Kates
Slifer Smith & Frampton - Cordillera
Buyer's Agent
Non Member
Non Member Office
List Price
$3,385,000
Sold Price
$2,313,000
Premium/Discount to List
-$1,072,000
-31.67%
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
$3,392,270
Avg. Annual Appreciation
9.78%
Original Mortgage
$2,081,700
Outstanding Balance
$1,620,636
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,084,634
Purchase Details
Closed on
Aug 22, 2012
Sold by
Joel W Norris Trust
Bought by
Norris Joel W and Norris Sheryl M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 6, 2010
Sold by
Norris Joel and Norris Sheryl Ann
Bought by
Joel W Norris Trust
Purchase Details
Closed on
May 14, 2008
Sold by
K Real Estate Development Llc
Bought by
Norris Joel and Norris Sheryl Ann
Purchase Details
Closed on
Jul 31, 2006
Sold by
Mottek Peter S and Mottek Mercedes C
Bought by
K Real Estate Development Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,856,693
Interest Rate
6.66%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 7, 1997
Sold by
Tuthill Howard B
Bought by
Mottek Peter S and Mottek Mercedes C
Purchase Details
Closed on
Aug 1, 1994
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 |
|---|---|---|---|
| Musso Christopher S | $2,313,000 | Land Title Guarantee Company | |
| Norris Joel W | -- | Fidelity National Title Insu | |
| Joel W Norris Trust | -- | None Available | |
| Norris Joel | $2,900,000 | Fahtco | |
| K Real Estate Development Llc | $198,000 | Land Title Guarantee Company | |
| Mottek Peter S | $191,500 | Land Title | |
| -- | $165,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Musso Christopher S | $2,081,700 | |
| Previous Owner | Norris Joel W | $500,000 | |
| Previous Owner | K Real Estate Development Llc | $1,856,693 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/03/2016 05/03/16 | Sold | $2,313,000 | -31.7% | $301 / Sq Ft |
| 03/15/2016 03/15/16 | Pending | -- | -- | -- |
| 06/05/2014 06/05/14 | For Sale | $3,385,000 | -- | $440 / Sq Ft |
Source: Vail Multi-List Service
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 | $20,804 | $256,240 | $19,820 | $236,420 |
| 2023 | $20,804 | $256,240 | $19,820 | $236,420 |
| 2022 | $15,717 | $151,650 | $10,770 | $140,880 |
| 2021 | $17,879 | $156,020 | $11,080 | $144,940 |
| 2020 | $16,899 | $141,620 | $7,200 | $134,420 |
| 2019 | $16,853 | $141,620 | $7,200 | $134,420 |
| 2018 | $18,554 | $145,990 | $7,290 | $138,700 |
| 2017 | $17,661 | $145,990 | $7,290 | $138,700 |
| 2016 | $20,129 | $172,730 | $6,450 | $166,280 |
| 2015 | -- | $172,730 | $6,450 | $166,280 |
| 2014 | $14,079 | $116,490 | $6,780 | $109,710 |
Source: Public Records
Agents Affiliated with this Home
-
-
Led Gardner
Seller Co-Listing Agent in 2016
Led Gardner
Slifer Smith & Frampton- 230 Bridge Street
(970) 376-0223
6 in this area
51 Total Sales
-
N
Buyer's Agent in 2016
Non Member
Non Member Office
Map
Source: Vail Multi-List Service
MLS Number: 920653
APN: R040923
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