NOT LISTED FOR SALE

550 Riverside Dr Basalt, CO 81621

Estimated Value: $1,998,582 - $3,258,000

5 Beds
3.5 Baths
3,157 Sq Ft
$809/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $1,450,000 $459 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $12,861/month

3 Days on Market

Highlights

  • Gated Community
  • Views
  • Laundry Room
  • Green Building
  • Patio
  • Landscaped with Trees

About This Home

As of July 2021

Just what you have been waiting for! A refreshingly sweet home perched on a beautifully landscaped lot one of Basalt's most sought-after neighborhoods. The large yard with mature trees and lovely rock gardens backs up to an open hillside. The front porch is perfectly positioned for Sopris views. This home is the complete package! On revered Riverside Drive, where you can walk to school, two rivers and downtown Basalt. You'll love sitting on the front porch among the trees and hummingbirds watching the sun set beyond Sopris and Basalt Mountain.

Last Agent to Sell the Property

Kristen Maley

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA40008852 Listed on: 06/04/2021

Co-Listed By

Doug Nehasil

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #EA1318349

Last Buyer's Agent

Chris Flynn

The Agency Aspen License #ER.40014021

The Agency Aspen

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,089

Year Built

  • Built in 1990

Lot Details

  • 0.33 Acre Lot
  • West Facing Home
  • Southern Exposure
  • Gentle Sloping Lot
  • Sprinkler System
  • Landscaped with Trees
  • Property is zoned Residential SF PUD

Parking

  • 2 Car Garage

Home Design

  • Frame Construction
  • Composition Roof
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Gas Fireplace
  • Window Treatments
  • Laundry Room
  • Property Views
  • Finished Basement

Kitchen

  • Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Rights Not Included
  • Cable TV Available

Additional Features

  • Green Building
  • Patio
  • Mineral Rights Excluded

Listing and Financial Details

  • Assessor Parcel Number 246708301028

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include sewer
  • Riverside Meadows Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,089

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.33
  • Co List Office Mls Id: ASSHMA
  • Inclusions: Oven, Refrigerator, Window Coverings, Stove Top, Range, Microwave, Dishwasher
  • Subdivision Name: Riverside Meadows
  • Directions: Two Rivers Rd. to Midland Ave. Right on Riverside Dr. Stay left just after the bridge. Follow Riverside until it bends to the right. House will be on the left.
  • Above Grade Finished Sq Ft: 2011.0
  • Garage Yn: Yes
  • Master Model: No
  • Year Built: 1990
  • Tax Parcel Letter: R032929
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential SF PUD
  • 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
  • Listing Info:ADU: No
  • General Info:Levels: 3.0
  • General Info:Short Termable: Yes
  • Financing Info:Taxes2: 6089.2
  • Financing Info:Tax Year2: 2020
  • 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
  • Roof:Composition Shingles: Yes
  • Mineral Rights:No2: Yes
  • Cooling:None: Yes
  • Inclusions:Window Coverings: Yes
  • General Info:LvHtSqFt (Abv Grnd): 2011.0
  • General Info:LvHtSqFt (Blw Grnd): 1146.0
  • General Info:Unit Faces: West
  • Substructure:Finished Basement: Yes
  • Inclusions:Oven: Yes
  • Inclusions:Stove Top: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Finished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1146.0
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 3157.0
  • Fireplace:Gas: Yes

Exterior Features

  • Lot Features: Landscaped
  • Construction Type: Wood Siding, Frame
  • Direction Faces: West
  • Roof: Composition
  • Construction:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 2 Car
  • Keywords Info:Garage: 2 Car
  • Parking Area:_two_ Car2: Yes
  • General Info:Garage SqFt: 484.0

Utilities

  • Laundry Features: Inside
  • Building Features: Yes
  • Cooling: None
  • Cooling Y N: No
  • Heating: Natural Gas, Forced Air
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Location Amenities:Gentle Topo: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes
  • Location Amenities:Gated Community: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 14459.0
  • Parcel #: 246708301028
  • Zoning: Residential SF PUD
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6089.2
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Jul 2, 2021
Sold by
550 Riverside Llc
Bought by
Krentz Michael K and Krentz Katherine L
Seller's Agent
Kristen Maley
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Chris Flynn
The Agency Aspen
List Price
$1,399,000
Sold Price
$1,450,000
Premium/Discount to List
$51,000
3.65%
Current Estimated Value
$2,289,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$839,547
Avg. Annual Appreciation
13.40%
Original Mortgage
$400,000
Outstanding Balance
$362,938
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$2,190,958

Purchase Details

Closed on
Aug 30, 2011
Sold by
U S Bank National Association
Bought by
550 Riverside Llc

Purchase Details

Closed on
Aug 12, 2011
Sold by
Garcia Scott D and Garcia Susan V
Bought by
U S Bank National Association

Purchase Details

Closed on
Oct 12, 2004
Sold by
Garcia Scott D and Vernier Susan V
Bought by
Garcia Scott D and Garcia Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,500
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2003
Sold by
Prudential Residential Services Lp
Bought by
Vernier Susan and Garcia Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
4.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 18, 2002
Sold by
Fribbs Mark and Fribbs Debbie J
Bought by
Chenoweth Mark and Chenoweth Kristin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,200
Interest Rate
6.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Krentz Michael K $1,450,000 None Available
550 Riverside Llc $606,454 Assured Title
U S Bank National Association -- None Available
Garcia Scott D -- --
Vernier Susan $710,000 --
Prudential Residential Services Lp $710,000 --
Chenoweth Mark $664,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krentz Michael K $400,000
Previous Owner Garcia Scott D $565,500
Previous Owner Prudential Residential Services Lp $568,000
Previous Owner Chenoweth Mark $531,200
Closed Garcia Scott D $109,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2021 07/02/21 Sold $1,450,000 +3.6% $459 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $1,399,000 -- $443 / 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 $10,394 $124,460 $58,570 $65,890
2023 $10,394 $124,460 $58,570 $65,890
2022 $7,229 $78,790 $22,590 $56,200
2021 $7,550 $81,060 $23,240 $57,820
2020 $6,089 $67,800 $23,240 $44,560
2019 $6,160 $67,800 $23,240 $44,560
2018 $7,029 $76,260 $21,600 $54,660
2017 $6,723 $76,260 $21,600 $54,660
2016 $6,559 $73,300 $15,920 $57,380
2015 -- $73,300 $15,920 $57,380
2014 $4,377 $51,960 $15,920 $36,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 170349

Aspen Glenwood MLS

APN: R032929