5362 Frying Pan Rd Basalt, CO 81621
Estimated Value: $2,148,000 - $2,897,000
4
Beds
2.5
Baths
2,231
Sq Ft
$1,194/Sq Ft
Est. Value
Highlights
- Spa
- Green Building
- Furnished
- River Front
- Main Floor Primary Bedroom
- No HOA
About This Home
As of April 2023Welcome to 7 Castles Ranch, an oasis of privacy, relaxation, and recreation located just 5 miles from Old Town Basalt. This magnificent and classic 4 bedroom, A-frame property was remodeled and refurbished in 2020, with over 1,000 square feet of deck space to enjoy the unbelievable red rock and river filled views. Beyond the spectacular views, this property includes it's own private river frontage on the Frying Pan River for some of the best fly fishing you can find in the area. This park-like setting backs up to White River National Forest with hikes and adventures at your doorstep. This recreator's dream includes a downstairs lounge with a full bar and wet bar, a sauna, hot tub, and a two car garage. (See more...)There are few places with these types of views, water and serenity for under $3M, yet just 30 minutes to Aspen, 25 minutes to skiing and just 10 minutes to the Roaring Fork Club and downtown Basalt. There are few places with these types of views, water and serenity for under $3M, yet just 30 minutes to Aspen, 25 minutes to skiing and just 10 minutes to the Roaring Fork Club and downtown Basalt.
Last Agent to Sell the Property
Aspen Snowmass Sotheby's International Realty-Snowmass Village Brokerage Phone: (970) 923-2006 License #FA40005762 Listed on: 02/15/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,142
Year Built
- Built in 1985
Lot Details
- 3.01 Acre Lot
- River Front
- Southern Exposure
- Landscaped
- Gentle Sloping Lot
- Property is in excellent condition
Parking
- 1 Car Garage
Home Design
- Slab Foundation
- Frame Construction
- Metal Roof
- Wood Siding
Interior Spaces
- 2,231 Sq Ft Home
- 3-Story Property
- Furnished
- Wood Burning Fireplace
- Window Treatments
- Property Views
Kitchen
- Oven
- Stove
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Spa
- Patio
Utilities
- Forced Air Heating and Cooling System
- Propane
- Well
- Septic Tank
- Septic System
Additional Features
- Green Building
- Mineral Rights Excluded
Community Details
- No Home Owners Association
- Taylor Creek Subdivision
- Property is near a preserve or public land
Listing and Financial Details
- Assessor Parcel Number 246712201003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2023
Closed on
Apr 21, 2023
Sold by
7 Castles Ranch Llc
Bought by
Jr Galardi Trust
Seller's Agent
Garrett Reuss
Aspen Snowmass Sotheby's International Realty-Snowmass Village
Buyer's Agent
Jackson Horn
Douglas Elliman Real Estate-Hyman Ave
List Price
$2,850,000
Sold Price
$2,750,000
Premium/Discount to List
-$100,000
-3.51%
Views
13
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
-$86,010
Avg. Annual Appreciation
3.18%
Original Mortgage
$2,062,500
Outstanding Balance
$2,018,865
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$926,405
Purchase Details
Closed on
Apr 17, 2020
Sold by
South Taylor Creek Llc
Bought by
7 Castles Ranch Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 14, 2020
Sold by
Levitt Jay and Reuss Garrett
Bought by
7 Castles Ranch Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 18, 2008
Sold by
Levitt Jay A and Reuss Garrett
Bought by
South Taylor Creek Llc
Purchase Details
Closed on
Apr 18, 2007
Sold by
Frying Pan River Hui
Bought by
Levitt Jay and Reuss Garrett
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.15%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 16, 2007
Sold by
Frying Pan River Hui
Bought by
Levitt Jay A and Reuss Garrett
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.15%
Mortgage Type
Unknown
Similar Homes in Basalt, CO
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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 |
|---|---|---|---|
| Jr Galardi Trust | $2,750,000 | None Listed On Document | |
| 7 Castles Ranch Llc | $1,325,000 | Land Title Guarantee | |
| 7 Castles Ranch Llc | -- | Land Title Guarantee | |
| South Taylor Creek Llc | -- | Stewart Title Of Colorado | |
| Levitt Jay | -- | Stewart Title Of Colorado Va | |
| Levitt Jay A | $1,385,000 | Stewart Title Of Colorado Va |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jr Galardi Trust | $2,062,500 | |
| Previous Owner | 7 Castles Ranch Llc | $1,000,000 | |
| Previous Owner | South Taylor Creek Llc | $238,307 | |
| Previous Owner | Levitt Jay A | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2023 04/21/23 | Sold | $2,750,000 | -3.5% | $1,233 / Sq Ft |
| 02/15/2023 02/15/23 | For Sale | $2,850,000 | -- | $1,277 / Sq Ft |
Source: Aspen Glenwood MLS
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 | $13,118 | $176,230 | $99,560 | $76,670 |
| 2023 | $13,118 | $176,230 | $99,560 | $76,670 |
| 2022 | $7,142 | $88,860 | $42,920 | $45,940 |
| 2021 | $7,339 | $91,410 | $44,150 | $47,260 |
| 2020 | $4,790 | $62,630 | $44,150 | $18,480 |
| 2019 | $4,836 | $62,630 | $44,150 | $18,480 |
| 2018 | $5,230 | $67,100 | $44,460 | $22,640 |
| 2017 | $4,952 | $67,100 | $44,460 | $22,640 |
| 2016 | $5,318 | $70,800 | $49,150 | $21,650 |
| 2015 | -- | $70,800 | $49,150 | $21,650 |
| 2014 | $4,718 | $66,110 | $42,940 | $23,170 |
Source: Public Records
Agents Affiliated with this Home
-
Garrett Reuss
G
Seller's Agent in 2023
Garrett Reuss
Aspen Snowmass Sotheby's International Realty-Snowmass Village
(970) 379-3458
208 Total Sales
-
Jackson Horn
Buyer's Agent in 2023
Jackson Horn
Douglas Elliman Real Estate-Hyman Ave
(970) 948-6130
35 Total Sales
Map
Source: Aspen Glenwood MLS
MLS Number: 178230
APN: R027241
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