NOT LISTED FOR SALE

525 Lake Ct Basalt, CO 81621

Estimated Value: $1,980,000 - $2,523,000

4 Beds
3.5 Baths
2,931 Sq Ft
$769/Sq Ft Est. Value

Last Sold November 06, 2023

Last sale price $2,855,000 $974 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $12,636/month

105 Days on Market

Highlights

  • Green Building
  • Interior Lot
  • Laundry Room
  • Steam Shower
  • Patio
  • 1-minute walk to Willits Park

About This Home

As of November 2023

Experience the perfect blend of rustic charm and modern elegance in this exquisitely renovated home. Bask in the comfortable warmth of the cozy fireplace as natural light floods the room and illuminates the gorgeous new hardwood floors and vaulted ceiling.

Inviting bedrooms offer ample natural light, and plush carpeting provides added comfort. Relax in a spa-like experience with an oversized primary bathroom featuring a soaking tub, Bluetooth steam shower surrounded by marble tiles, and a sleek lighted and anti-fog mirror.

Step out into your private oasis, with a charming wooden terrace and a vast, well-manicured yard that is among the largest in Willits and does not back up to Highway 82. Experience seamless living between indoor and outdoor spaces in this stunning property, complete with a spacious deck and outdoor areas perfect for stylish outdoor gatherings.

This property underwent an extensive remodel in 2023, which included the creation of a custom-designed kitchen by a Relais and Chateaux chef, complete with top-of-the-line Viking appliances and a clean, sleek design finished with hidden outlets and fridge and microwave drawers, walk-in pantry. The marble backsplash with mother-of-pearl inlays adds a touch of elegance to this already luxurious space.

Many other upgrades and repairs were made to improve the home's functionality, like a new furnace and AC.

According the Sopris Meadow One PUD 45% of the lot size can be developed which means an additional 1,059 sq ft can be added to the home.

Last Agent to Sell the Property

Susan Stone-Chen

SSC & Company llc Brokerage Phone: (970) 925-7000 License #FA.100067603 Listed on: 06/26/2023

Last Buyer's Agent

Hilary Stumpus

SSC & Company llc License #FA100084718

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,341

Year Built

  • Built in 2002

Lot Details

  • 8,868 Sq Ft Lot
  • South Facing Home
  • Southern Exposure
  • Fenced
  • Interior Lot
  • Sprinkler System
  • Landscaped with Trees
  • Property is in good condition

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Frame Construction
  • Composition Roof
  • Composition Shingle Roof
  • Metal Roof
  • Wood Siding
  • Radon Mitigation System

Interior Spaces

  • 2,931 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • No or Low VOC Flooring
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Low Flow Toliet
  • Steam Shower

Laundry

  • Laundry Room
  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Eco-Friendly Details

  • Green Building
  • Energy-Efficient Lighting
  • ENERGY STAR/CFL/LED Lights
  • No or Low VOC Paint or Finish

Utilities

  • Forced Air Heating and Cooling System
  • Water Rights Not Included
  • Water Softener
  • Cable TV Available

Additional Features

  • Patio
  • Mineral Rights Excluded

Community Details

  • Association fees include sewer, water, trash
  • Sopris Meadows One Subdivision

Listing and Financial Details

  • Assessor Parcel Number 246502314011

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,341

Year Built

Built in 2002

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Inclusions: Ceiling Fan, Refrigerator, Water Softener, Range, Microwave, Energy Star Washer, Energy Star Dryer, Dishwasher
  • Subdivision Name: Sopris Meadows One
  • Directions: Heading E on HWY 82, turn left of East Valley Road. Turn right on Lake Ct. Home is the fourth on the right.
  • Architectural Style: Two Story
  • Master Model: No
  • New Construction: No
  • Efficiency: Lighting
  • Year Built: 2002
  • Tax Parcel Letter: R048516
  • Attribution Contact: (970) 925-7000
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential
  • General Info:Main Floor Master: No
  • 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
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 6340.56
  • Financing Info:Tax Year2: 2022
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Wood Siding: Yes
  • Inclusions:Range: Yes
  • Water Rights:No3: Yes
  • Extras:Cable TV: Yes
  • Extras:Lawn Sprinklers: Yes
  • Miscellaneous:Under Construction3: No
  • Electric:Yes: Public
  • Condition:Good: Yes
  • Substructure:Crawl Space: Yes
  • Roof:Composition Shingles: Yes
  • Extras:Fence: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Ceiling Fan: Yes
  • HOA Fees Includes:Trash: Yes
  • HOA Fees Includes:Water: Yes
  • Inclusions:Water Softener: Yes
  • General Info:Unit Faces: South
  • Style:Two Story: Yes
  • Cooling:Central AC: Yes
  • Water Efficiency:Low Flow Toilets: Yes
  • Roof:Metal: Yes
  • Extras:Steam Shower: Yes
  • Energy Efficiency:CFL or LED Lighting: Yes
  • Extras:Softener: Yes
  • Inclusions:Energy Star Dryer: Yes
  • Inclusions:Energy Star Washer: Yes
  • Indoor Air Quality:Radon System: Yes
  • Indoor Air Quality:Low or No VOC Paint: Yes
  • Indoor Air Quality:Low or No VOC Carpet: Yes
  • Financing Info:HOA Dues YN: Yes
  • Financing Info Total HOA Fee Per Year2: 600.0
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2931.0
  • Fireplace:Gas: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Interior Lot, Landscaped
  • Disclosures: Seller Lic RE Agent
  • Construction Type: Wood Siding, Frame
  • Direction Faces: South
  • Property Condition: Good
  • Roof: Composition, Metal
  • Construction:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 2 Car
  • Keywords Info:Garage: 2 Car
  • Parking Area:_two_ Car2: Yes

Utilities

  • Laundry Features: Inside
  • Building Features: Yes
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Amenities: Pets Allowed/Owner, Pets Allowed/Renter
  • Association Fee: 150.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Financing Info:Association Fee2: 150.0
  • Financing Info:Association Fee Frequency2: Quarterly
  • Location Amenities:Interior Lot: Yes
  • HOA Amenities:Pets AllowedOwner: Yes
  • HOA Amenities:Pets AllowedRenter: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes

Fee Information

  • Association Fee Includes: Sewer, Water, Trash

Lot Info

  • Lot Size Sq Ft: 8868.0
  • Parcel #: 246502314011
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Green Features

  • Green Water Conservation: Low Flow Toilets

Tax Info

  • Tax Annual Amount: 6340.56
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Nov 6, 2023
Sold by
525 Lake Ct Llc
Bought by
525 Lake Llc
Seller's Agent
Susan Stone-Chen
SSC & Company llc
Buyer's Agent
Hilary Stumpus
SSC & Company llc
List Price
$3,100,000
Sold Price
$2,855,000
Premium/Discount to List
-$245,000
-7.9%
Views
43
Current Estimated Value
$2,254,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$600,163
Avg. Annual Appreciation
-10.30%
Original Mortgage
$2,355,000
Outstanding Balance
$2,311,420
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
-$56,583

Purchase Details

Closed on
Jun 28, 2021
Sold by
Gilbert Joel H
Bought by
525 Lake Ct Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$683,000
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 17, 2006
Sold by
Delfs Paul S
Bought by
Gilbert Joel H and Gilbert Charlene B

Purchase Details

Closed on
Jul 1, 2000
Sold by
Georgiaco Llc
Bought by
Delfs Paul S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Interest Rate
8.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
525 Lake Llc $2,855,000 None Listed On Document
525 Lake Llc $2,855,000 None Listed On Document
525 Lake Ct Llc $975,000 Title Company Of The Rockies
Gilbert Joel H $730,000 None Available
Delfs Paul S $126,000 Pitkin County Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 525 Lake Llc $2,355,000
Closed 525 Lake Llc $354,453
Previous Owner 525 Lake Ct Llc $683,000
Previous Owner Delfs Paul S $100,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2023 11/06/23 Sold $2,855,000 -1.6% $974 / Sq Ft
08/14/2023 08/14/23 Price Changed $2,900,000 -3.3% $989 / Sq Ft
08/01/2023 08/01/23 Price Changed $2,999,995 -3.2% $1,024 / Sq Ft
06/26/2023 06/26/23 For Sale $3,100,000 -- $1,058 / 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 $9,681 $115,640 $28,890 $86,750
2023 $9,681 $115,640 $28,890 $86,750
2022 $6,341 $69,710 $15,290 $54,420
2021 $5,873 $71,720 $15,730 $55,990
2020 $4,444 $57,840 $15,370 $42,470
2019 $4,488 $57,840 $15,370 $42,470
2018 $4,697 $59,510 $13,100 $46,410
2017 $4,481 $59,510 $13,100 $46,410
2016 $4,607 $52,950 $12,340 $40,610
2015 -- $52,950 $12,340 $40,610
2014 $3,704 $45,410 $5,970 $39,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 179944

Aspen Glenwood MLS

APN: R048516