NOT LISTED FOR SALE

524 Red Draw Edwards, CO 81632

Estimated Value: $5,413,728 - $6,070,000

6 Beds
5.5 Baths
7,695 Sq Ft
$730/Sq Ft Est. Value

Last Sold May 03, 2016

Last sale price $2,313,000 $301 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $31,878/month

649 Days on Market

Highlights

  • Golf Course Community
  • Fitness Center
  • Fishing
  • Equestrian Center
  • Spa
  • 1.27 Acre Lot

About This Home

As of May 2016

Expansive 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

Co-Listed By

Led Gardner

Slifer Smith & Frampton- 230 Bridge Street License #EA40013807

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
  • 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

  • Spa
  • 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,693

Year Built

Built in 2008

Lot Details

0

HOA Fees

$233 per month

Parking

3

Listing Details

  • Association HOA Fee: 2800.0
  • HOA Fee Frequency: Annually
  • Lot Size Acres: 1.27
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Building Stories: 3
  • Year Built: 2008
  • Subdivision Name: Cordillera F10 - Red Draw 1 Red Tail Rid
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Entry Location: Main
  • Fireplace Features: Gas
  • Furnished: Unfurnished
  • Interior Amenities: Fireplace - Gas, Jetted Bath, Patio, Spa/Hot Tub, Vaulted Ceiling(s), See Remarks
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Wall Oven, Washer, Washer/Dryer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Flooring: Carpet, Stone, Wood
  • Living Area: 7695.0
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Range: Yes
  • Appliances Included:Refrigerator: Yes
  • Interior Features:Fireplace - Gas: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Fireplace Features:Gas3: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Wall Oven: Yes
  • Interior Features:Patio: Yes
  • Interior Features:SpaHot Tub: Yes
  • Interior Features:See Remarks10: Yes
  • Interior Features:Jetted Bath: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes

Exterior Features

  • Patio And Porch Features: Deck, Patio
  • Roof: Shake
  • View: Mountain(s)
  • Lot Features: See Remarks
  • Construction Type: Stone, Other
  • Foundation Details: Concrete Perimeter
  • Construction:Frame: Yes
  • Patio and Porch Features:Deck: Yes
  • Patio and Porch Features:Patio2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Other
  • Parking:Other6: Yes
  • General Info:_pound_ of Garage Stalls: 3.0

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Snow Removal, Trash, Water Available
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Clubhouse, Equestrian Center, Fishing, Fitness Center, Golf, Pool, Tennis Court(s), Trail(s)
  • Amenities: Clubhouse, Fitness Center, Front Desk, Pool, Racquetball, Shuttle Service, Spa/Hot Tub, Tennis Court(s), Other
  • Association Fee: 2800.0
  • Association Fee Frequency: Annually

Association/Amenities

  • HOAComm Amenities:Fitness Center: Yes
  • HOAComm Amenities:Front Desk: Yes
  • HOAComm Amenities:Pool2: Yes
  • HOAComm Amenities:Shuttle Service: Yes
  • HOAComm Amenities:SpaHot Tub2: Yes
  • AssociationHOA Fee Includes:Common Area Maintenance: Yes
  • AssociationHOA Fee Includes:Snow Removal2: Yes
  • Documents:Association Documents: Yes
  • AssociationHOA Fee Includes:Electricity: Yes
  • HOAComm Amenities:Clubhouse: Yes
  • HOAComm Amenities:Racquetball: Yes
  • HOAComm Amenities:Tennis Court(s): Yes
  • HOAComm Amenities:Other7: Yes
  • AssociationHOA Fee Includes:Security: Yes
  • Keywords Info:Association YN: Yes

Fee Information

  • Association Fee Includes: Common Area Maintenance, Electricity, Security, Snow Removal

Lot Info

  • Lot Size Sq Ft: 55321.0
  • Parcel #: 210710407006
  • Land Lease: No
  • Zoning: Single-family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 18692.84
  • Tax Year: 2015

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
$5,613,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,300,932
Avg. Annual Appreciation
9.75%
Original Mortgage
$2,081,700
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

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
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
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 $2,221,435
Closed Musso Christopher S $2,081,700
Previous Owner Norris Joel W $500,000
Previous Owner K Real Estate Development $1,856,693
Previous Owner K Real Estate Development Llc $1,856,693
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

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 $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

  • P

    Seller's Agent in 2016

    Pam Horan-Kates

    Slifer Smith & Frampton - Cordillera

  • Led Gardner

    Seller Co-Listing Agent in 2016

    Led Gardner

    Slifer Smith & Frampton- 230 Bridge Street

    (970) 376-0223

    7 in this area

    56 Total Sales

    Led Gardner
    Section Image

  • N

    Buyer's Agent in 2016

    Non Member

    Non Member Office

See All Agents

Map

Source: Vail Multi-List Service

MLS Number: 920653

Vail Multi-List Service

APN: R040923

Colorado Eagle County Edwards 81632

524 Red Draw, Edwards, CO

This home is located at 524 Red Draw, Edwards, CO 81632 since 02 June 2015 and is currently estimated at $5,613,932, approximately $729 per square foot. This property was built in 2008. 524 Red Draw is a home located in Eagle County with nearby schools including Berry Creek Middle School and Battle Mountain High School.

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