NOT LISTED FOR SALE

54 Penny Ln Edwards, CO 81632

Estimated Value: $4,667,143 - $5,527,000

5 Beds
8 Baths
7,500 Sq Ft
$696/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $3,780,000 $504 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $30,627/month

86 Days on Market

Highlights

  • Golf Course Community
  • Fitness Center
  • Fishing
  • Equestrian Center
  • Spa
  • View of Trees or Woods

About This Home

As of July 2021

NEW PRICE BECAUSE W NEWLY SOLD WITH A NEW DIVINCI ROOF SYSTEM SIGNED TO BE COMPLETED BY 4TH OF JULY. Penny Lane will not only be in your ears and in your eyes but also in your heart as this is the true Colorado home that you have dreamt about for your family. Enjoy the sounds of the natural stream as well as the water feature during the spring and summer from your own private oasis that has expansive views in the backdrop with dramatic pine trees and complete privacy. This gorgeous, high-end, and well constructed home has the quintessential layout that everyone is looking for where you can live an entry level/main level floor plan in your day-to-day but have all the space and fun in the world when family and friends join to participate in your Rocky Mountain experience.
This incredible privacy was created through the current owner purchasing and absorbing the adjacent lot to assure your serenity. It also borders Cordillera Open Space and beyond that open space is Diamond Star Ranch. You can even stroll down to the outdoor wood burning fire pit with it's own private stream for roasting marshmallows and telling stories.
When your friends arrive for dinner you know it will be magical as they drive up into your winter wonderland of lights of your lit up pine trees. Greet your guests at your inviting entry and bring them into your great room that is both grande and cozy with vaulted ceilings and huge picture windows overlooking the outdoor firepit and across the expansive views of grand pine. Your guests will take it all in and understand what it means when people say that ''the mountains are calling.'' Sit down and relax on plush couches by the gas fireplace and then gather and chat around the open chef's kitchen while the finishing touches are made on dinner. Let's face it, everyone gathers in the kitchen and this home welcomes chatting with the Chef working in this spacious... click for more kitchen that is open to the main living area and is the centerpiece of the home. Enjoy a family meal casually scattered around the multiple spaces or have a more traditional dining experience overlooking the outdoor lighted trees from the formal dining area. 54 Penny Lane is great for intimate gatherings or large parties as there are various cozy spaces for different groups to gather and chat. The hearth room off the outdoor dining area by the informal breakfast nook is the perfect place for intimate side conversations. The kids will break off and go downstairs to enjoy a movie in the true theater while their parents indulge in a nightcap.
Enjoy a long day on the slopes and come home to the hot tub and steam room that is big enough for your ski group. Dry off while hanging in the family room and take in the big game. Guests break off to one of the three en suite guest rooms on this level and doze off for a quick nap overlooking the picturesque Colorado views framed in every bedroom window.
It's time to go up to take in the Alpenglow and sunset so grab a wine from the wine cellar or a cocktail from the wet bar and head up and help the host light the fire pit and bring out the appetizers.
On the third level is a private suite with it's own wet bar, en-suite bathroom with shower/tub combination with a private balcony that is perfect for your guest with a new baby or your visiting parents that want separation from the rest of the household bustle. The oversized three-car garage with massive storage tops off this well thought out floor plan.
54 Penny Lane is a true private mountain oasis where one can enjoy spectacular views from practically every room. Engage in the Colorado homeownership experience you have been longing for.
With limitless recreational activities  golfing, hiking, cross country skiing, snowshoeing, horseback riding and downhill skiing at Beaver Creek and Vail Mountain Resorts  experience all that Cordillera has to offer just minutes from home and with over 1200 acres of open space. Located in lower Summit this home is walking distance to the Cordillera Athletic Center and close to other key community amenities, including the Trailhead pool in the summertime. Enjoy the Timberhearth restaurant or the Mountain Golf Course in the summer for golf or the wintertime for cross country skiing on the groomed trails. This stunning mountain modern property provides a peaceful, tranquil retreat to live within the natural beauty of the Colorado mountains. Join the Vail Gondola Club for a ski club experience at the base of Vail's Ski Slopes located at Gondola One.


Notes: There are various square footage sources varying from 7200+ to 7900+ and the seller provided 7500 sq ft to broker to add to the MLS. Buyer should measure if they want an exact size. Property is sold with much of the furniture and many furnishing items but there will be an exclusions and exclusions list. All art is excluded

Last Agent to Sell the Property

Malia Nobrega

LIV Sotheby's Int. Realty-Vail Mountain Haus Brokerage Phone: (970) 977-1041 License #FA40038043 Listed on: 03/05/2021

Last Buyer's Agent

Terry Hoffman

Hoffman West Real Estate License #ER040017091

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,617

Year Built

  • Built in 2003

Lot Details

  • 2.22 Acre Lot

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 3 Car Garage

Property Views

  • Woods
  • Creek or Stream
  • Mountain

Home Design

  • Poured Concrete
  • Frame Construction
  • Shake Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 7,500 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Washer and Dryer

Kitchen

  • Range
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Steam Shower

Outdoor Features

  • Spa
  • Deck
  • Patio

Horse Facilities and Amenities

  • Equestrian Center
  • Zoned For Horses

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 210709406038
  • Seller Concessions Not Offered

Community Details

Overview

  • Association fees include management, security, snow removal, trash
  • Cordillera F27 Settlers Wood Subdivision

Amenities

  • Clubhouse
  • Community Center

Recreation

  • Golf Course Community
  • Tennis Courts
  • Racquetball
  • Fitness Center
  • Community Pool
  • Community Spa
  • Fishing
  • Trails
  • Snow Removal

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,617

Year Built

Built in 2003

Lot Details

0

HOA Fees

$250 per month

Parking

3

Listing Details

  • Association HOA Fee: 3000.0
  • HOA Fee Frequency: Annually
  • Entry Level: 2
  • Unit Levels: Three Or More
  • Lot Size Acres: 2.22
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Building Stories: 3
  • Average Monthly Electric Expenses: 387.88
  • Average Monthly Gas Expenses: 378.56
  • Monthly Sewer Expense: 225.0
  • Monthly Water Expense: 225.0
  • Year Built: 2003
  • Road Surface Type: All Year
  • Subdivision Name: Cordillera F27 - Settlers Wood
  • Garage Yn: Yes
  • Tax Parcel Letter: Yes
  • Attribution Contact: (970) 977-1041
  • Financing Information Transfer Fee: 2.0
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Entry Location: MAIN
  • Fireplace Features: Electric, Gas
  • Furnished: Furnished
  • Interior Amenities: Fireplace - Gas, Fireplace - Wood, Multi-Level, Patio, Spa/Hot Tub, Vaulted Ceiling(s), Wired for Cable, Steam Shower
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Warming Drawer, Washer, Washer/Dryer, Wine Cooler
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Carpet, Stone, Wood
  • Living Area: 7500.0
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Range: Yes
  • Appliances Included:Refrigerator: Yes
  • Interior Features:Fireplace - Gas: Yes
  • Interior Features:Multi-Level: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Fireplace Features:Gas3: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:WasherDryer: Yes
  • Interior Features:Fireplace - Wood: Yes
  • Interior Features:Wired for Cable: Yes
  • Interior Features:Patio: Yes
  • Interior Features:SpaHot Tub: Yes
  • Interior Features:Steam Shower: Yes
  • Neighborhood Features:Community Center: Yes
  • Appliances Included:Warming Drawer: Yes
  • Fireplace Features:Electric3: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Wine Cooler: Yes

Exterior Features

  • Patio And Porch Features: Deck, Patio
  • Roof: Shake
  • View: Creek/Stream, Mountain(s), Trees/Woods
  • Construction Type: Stone, Wood Siding
  • Foundation Details: Poured in Place
  • 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: Garage
  • Total Parking Spaces: 8.0
  • General Info:Garage2: Yes
  • Parking:Garage3: Yes
  • General Info:_pound_ of Garage Stalls: 3.0

Utilities

  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Natural Gas, Radiant Floor
  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Snow Removal, Trash, Water Available
  • Heating:Natural Gas: Yes
  • Heating:Radiant Floor: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Clubhouse, Community Center, Cross Country Trail(s), Equestrian Center, Fishing, Fitness Center, Golf, On Site Management, Pool, Racquet Ball Courts, Tennis Court(s), Trail(s), Zoned for Horses
  • Amenities: Clubhouse, Fitness Center, Pool, Racquetball, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 3000.0
  • Association Fee Frequency: Annually
  • Pets Allowed: Cats OK, Dogs OK, Yes

Association/Amenities

  • HOAComm Amenities:Fitness Center: Yes
  • HOAComm Amenities:Pool2: Yes
  • HOAComm Amenities:SpaHot Tub2: Yes
  • AssociationHOA Fee Includes:Management: Yes
  • AssociationHOA Fee Includes:Snow Removal2: Yes
  • HOAComm Amenities:Clubhouse: Yes
  • HOAComm Amenities:Racquetball: Yes
  • HOAComm Amenities:Tennis Court(s): Yes
  • AssociationHOA Fee Includes:Security: Yes
  • Keywords Info:Association YN: Yes
  • AssociationHOA Fee Includes:Trash2: Yes

Fee Information

  • Association Fee Includes: Management, Security, Snow Removal, Trash

Lot Info

  • Lot Size Sq Ft: 96747.0
  • Parcel #: 210709406038
  • Land Lease: No
  • Zoning: RESIDENTIAL
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 19617.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2017
Sold by
Lemak John S and Lemak Eleanor S
Bought by
54 Penny Lane Llc
Current Estimated Value
$5,217,036

Purchase Details

Closed on
Aug 15, 2007
Sold by
Buscher Rodney Lee and Buscher Melanie Ann
Bought by
Lemak John S and Lemak Eleanor S

Purchase Details

Closed on
Feb 8, 2006
Sold by
Heinbaugh Mark D and Heinbaugh Reini D Winter
Bought by
Buscher Rodney Lee and Buscher Melanie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 1999
Sold by
Stag Gulch Partners
Bought by
Heinbaugh Mark D and Heinbaugh Reini D Winter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,308
Interest Rate
7.77%
Source: Public Records

Range of Values:

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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
54 Penny Lane Llc -- None Available
Lemak John S $3,900,000 Land Title Guarantee Company
Buscher Rodney Lee $3,400,000 Land Title Guarantee Company
Heinbaugh Mark D $205,000 Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lemak John S $1,000,000
Previous Owner Buscher Rodney Lee $2,000,000
Previous Owner Buscher Rodney Lee $3,500,000
Previous Owner Heinbaugh Mark D $1,000,000
Previous Owner Heinbaugh Mark D $228,000
Previous Owner Heinbaugh Mark D $213,500
Previous Owner Heinbaugh Mark D $208,308
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold $3,780,000 -0.5% $504 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $3,800,000 -- $507 / 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 $23,416 $287,760 $14,880 $272,880
2023 $23,416 $287,760 $14,880 $272,880
2022 $19,652 $189,150 $6,950 $182,200
2021 $22,347 $194,600 $7,150 $187,450
2020 $19,616 $164,050 $7,200 $156,850
2019 $19,562 $164,050 $7,200 $156,850
2018 $22,495 $176,640 $7,290 $169,350
2017 $21,413 $176,640 $7,290 $169,350
2016 $23,336 $199,800 $8,600 $191,200
2015 -- $199,800 $8,600 $191,200
2014 $18,374 $151,650 $9,460 $142,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Vail Multi-List Service

MLS Number: 1002147

Vail Multi-List Service

APN: R065217