NOT LISTED FOR SALE

525 Morgan Gulch Rd Montezuma, CO 80435

Estimated Value: $1,053,000 - $1,371,000

3 Beds
2 Baths
1,713 Sq Ft
$711/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $950,000 $555 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,870/month

Highlights

  • View of Trees or Woods
  • Near a National Forest
  • Vaulted Ceiling
  • 29.77 Acre Lot
  • Wood Burning Stove
  • Wood Flooring

About This Home

As of October 2022

Backcountry, Off-Grid living, at its finest! Year round, secluded & private. Your 29 acres offers some of the best private world class backcountry skiing, snowmobiing, X-Country skiing, hiking, biking & hunting! Radon mitigation system in place, new water filtration system, new solar array, New solar batteries & doubled the battery bank from 8 to 16 batteries. Added a 2nd propane tank (2000 gal total) New hot tub deck, new wood fired hot tub with propane hook-ups in place. Starlink Internet.

Last Agent to Sell the Property

Carlo Gambino

Berkshire Hathaway HomeServices Colorado Real Esta License #FA40015795 Listed on: 07/11/2022

Berkshire Hathaway HomeServices Colorado Real Esta

Co-Listed By

Sara Gambino

Berkshire Hathaway HomeServices Colorado Real Esta License #EA40043078

Last Buyer's Agent

Michael Kasprzak

LIV Sotheby's I.R. License #FA100082633

LIV Sotheby's I.R.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,522

Year Built

  • Built in 2008

Lot Details

  • 29.77 Acre Lot
  • Zoning described as Mining Claim

Parking

  • Parking Pad

Property Views

  • Woods
  • Mountain

Home Design

  • Entry on the 1st floor
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,713 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Vaulted Ceiling
  • Wood Burning Stove
  • Utility Room
  • Wood Flooring
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Heating System Uses Propane
  • Propane
  • Well
  • Water Purifier
  • Septic Tank
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 6514389

Community Details

Overview

  • Metes And Bounds All Subdivision
  • Near a National Forest

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,522

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 29.7699
  • Co List Office Mls Id: 5414
  • Co List Office Phone: (970) 470-2043
  • Subdivision Name: METES AND BOUNDS - ALL
  • Directions: HWY 6 in Keystone take Montezuma Rd to the town of Montezuma. Go left at the first stop sign. Follow that road to home. .7 miles to 4th switch back and home will be in front of you. 4WD is advisable
  • Entry Level: 1
  • Unit Levels: Two
  • Year Built: 2008
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Appliances: Dryer, Range, Refrigerator, Water Purifier, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Wood
  • Interior Amenities: Vaulted Ceiling(s), Utility Room
  • Living Area: 1713.0

Exterior Features

  • Lot Features: Borders National Forest
  • View: Mountain(s), Trees/Woods
  • View: Yes
  • Exclusions: No
  • Construction Type: Wood Frame
  • Foundation Details: Poured
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Parking Features: Parking Pad

Utilities

  • Green Building Features: Not Applicable
  • Heating: Propane, Wood Stove
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Propane, Septic Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Trails/Paths
  • Pets Allowed: Yes

Lot Info

  • Lot Size Sq Ft: 1296776.84
  • Parcel #: 6514389
  • Zoning Description: Mining Claim

Tax Info

  • Tax Annual Amount: 2521.97
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Oct 12, 2022
Sold by
Kay Jacob Henry
Bought by
Benefield Ryan and Ham Katherine
Seller's Agent
Carlo Gambino
Berkshire Hathaway HomeServices Colorado Real Esta
Buyer's Agent
Michael Kasprzak
LIV Sotheby's I.R.
List Price
$950,000
Sold Price
$950,000
Current Estimated Value
$1,217,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,873
Avg. Annual Appreciation
8.66%
Original Mortgage
$595,000
Outstanding Balance
$571,015
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$646,858

Purchase Details

Listed on
Dec 28, 2019
Closed on
Jan 29, 2020
Sold by
Old Settler Llc
Bought by
Kay Jacob Henry
Seller's Agent
Barbara Rankin
Cornerstone RE Rocky Mountains
Buyer's Agent
Cindy Nelson
RE/MAX Properties of the Summit
List Price
$620,000
Sold Price
$620,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.12%
Original Mortgage
$248,000
Interest Rate
3.37%
Mortgage Type
New Conventional
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
Benefield Ryan $950,000 --
Kay Jacob Henry $620,000 Land Title Guarantee
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benefield Ryan $595,000
Previous Owner Kay Jacob Henry $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2022 10/12/22 Sold $950,000 0.0% $555 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $950,000 +53.2% $555 / Sq Ft
01/30/2020 01/30/20 Sold $620,000 0.0% $362 / Sq Ft View Prior Sale
12/31/2019 12/31/19 Pending -- -- --
12/28/2019 12/28/19 For Sale $620,000 -- $362 / Sq Ft
Source: Summit 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 $4,658 $89,901 -- --
2023 $4,658 $86,216 $0 $0
2022 $2,500 $43,757 $0 $0
2021 $2,522 $45,016 $0 $0
2020 $2,260 $43,098 $0 $0
2019 $2,229 $43,098 $0 $0
2018 $1,804 $33,791 $0 $0
2017 $1,650 $33,791 $0 $0
2016 $1,710 $34,500 $0 $0
2015 $1,656 $34,500 $0 $0
2014 $1,410 $28,986 $0 $0
2013 -- $28,986 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Carlo Gambino

    Berkshire Hathaway HomeServices Colorado Real Esta

    (970) 485-3252

    47 Total Sales

    Carlo Gambino
    Section Image
  • Sara Gambino

    Seller Co-Listing Agent in 2022

    Sara Gambino

    Berkshire Hathaway HomeServices Colorado Real Esta

    (970) 485-0210

    110 Total Sales

    Sara Gambino
    Section Image
  • Michael Kasprzak

    Buyer's Agent in 2022

    Michael Kasprzak

    LIV Sotheby's I.R.

    (267) 322-0434

    11 Total Sales

    Michael Kasprzak
    Section Image
  • Barbara Rankin

    Seller's Agent in 2020

    Barbara Rankin

    Cornerstone RE Rocky Mountains

    (970) 771-3959

    67 Total Sales

    Barbara Rankin
    Section Image
  • Cindy Nelson

    Buyer's Agent in 2020

    Cindy Nelson

    RE/MAX

    (970) 470-2043

    56 Total Sales

    Cindy Nelson
    Section Image
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Map

Source: Summit MLS

MLS Number: S1038276

Summit MLS

APN: 6514389

Colorado Summit County Montezuma 80435

525 Morgan Gulch Rd, Montezuma, CO

This home is located at 525 Morgan Gulch Rd, Montezuma, CO 80435 since 11 July 2022 and is currently estimated at $1,217,873, approximately $710 per square foot. This property was built in 2008. 525 Morgan Gulch Rd is a home located in Summit County with nearby schools including Summit Cove Elementary School, Summit Middle School, and Summit High School.

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