NOT LISTED FOR SALE

555 Riverside Dr Basalt, CO 81621

Estimated Value: $2,093,000 - $3,341,000

3 Beds
2.5 Baths
3,002 Sq Ft
$859/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $1,008,000 $336 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $14,544/month

52 Days on Market

Highlights

  • Spa
  • Green Building
  • Views
  • Solar Power System
  • Main Floor Primary Bedroom
  • 5-minute walk to Arbaney Park

About This Home

As of August 2020

Unique log home in Basalt, a quick walk from the elementary, middle school and downtown. Built 65 years ago as ''The Hunting Lodge of Basalt'' and now sits on almost half an acre. The home has been remodeled to become a family home at 3002 SF with 3 BR/2.5 BA. It has a fabulous stone fireplace, updated kitchen, radiant floor heat and new boiler. Enjoy this beautifully landscaped property adjacent to open space, and has permaculture gardens with orchard. Spacious patios front and back with Hot Tub/BBQ. In addition, it has a heated garage with tool room, solar panels and art studio/workshop area with ample power.

Last Agent to Sell the Property

Lynn Kirchner

Amore Realty Brokerage Phone: (970) 963-5177 License #EA40007898 Listed on: 05/06/2020

Last Buyer's Agent

Matthew Tate

Coldwell Banker Mason Morse-SMV License #ER100017017

Coldwell Banker Mason Morse-SMV

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,198

Year Built

  • Built in 1956

Lot Details

  • 0.46 Acre Lot
  • South Facing Home
  • Southern Exposure
  • Fenced
  • Gentle Sloping Lot
  • Sprinkler System
  • Landscaped with Trees
  • Property is in excellent condition

Parking

  • 2 Car Garage

Home Design

  • Cabin
  • Slab Foundation
  • Tile Roof
  • Tar and Gravel Roof
  • Composition Roof
  • Composition Shingle Roof
  • "S" Clay Tile Roof
  • Wood Siding
  • Log Siding
  • Radon Mitigation System

Interior Spaces

  • 3,002 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Crawl Space
  • Property Views

Kitchen

  • Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Green Building
  • Solar Power System

Outdoor Features

  • Spa
  • Patio
  • Storage Shed
  • Outbuilding

Location

  • Mineral Rights Excluded

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Baseboard Heating
  • Water Rights Not Included
  • Tankless Water Heater

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 246708302002

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,198

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.46
  • Inclusions: Dryer, Oven, Refrigerator, Washer, Stove Top, Microwave, Dishwasher
  • Subdivision Name: Riverside Meadows
  • Directions: Hwy 82 to 2 Rivers Road and Turn left. Take 2 Rivers Road and turn left on Midland Ave. Turn right on Riverside Drive. Follow loop around and home is on the right.
  • Architectural Style: Two Story, Cabin
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 1956
  • Tax Parcel Letter: R027152
  • Attribution Contact: (970) 963-5177
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential
  • General Info:Main Floor Master: Yes
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • Listing Info:ADU: No
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 6198.0
  • Financing Info:Tax Year2: 2020
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Wood Siding: Yes
  • Condition:Excellent: Yes
  • Substructure:Slab: Yes
  • Water Rights:No3: Yes
  • Extras:Lawn Sprinklers: Yes
  • Substructure:Crawl Space: Yes
  • Roof:Composition Shingles: Yes
  • Extras:Fence: Yes
  • Mineral Rights:No2: Yes
  • Cooling:None: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Unit Faces:South: Yes
  • Style:Two Story: Yes
  • Inclusions:Oven: Yes
  • Inclusions:Stove Top: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • Energy Efficiency:Solar PV: Yes
  • Extras:Outbuildings: Yes
  • Indoor Air Quality:Radon System: Yes
  • Extras:Storage Shed: Yes
  • Exterior:Log Siding: Yes
  • Roof:Clay Tiles: Yes
  • Extras:Electric Vehicle Charger Included: No
  • Roof:Tar Gravel: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 3002.2
  • Fireplace:Gas: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Landscaped
  • Construction Type: Wood Siding, Log Siding, Log
  • Foundation Details: Slab
  • Other Structures: Outbuilding
  • Property Condition: Excellent
  • Roof: Tile, Tar/Gravel, Composition
  • Construction:Log: Yes

Garage/Parking

  • Keywords Info:Garage: 2 Car
  • General Info:Garage SqFt: 678.0

Utilities

  • Laundry Features: Inside
  • Building Features: Yes
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant, Natural Gas, Electric, Baseboard
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: Public
  • Heating:Radiant: Yes
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes
  • Heating Cooling:Tankless Hot Water: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Glenwood Association
  • Location Amenities:Views: Yes
  • Financing Info:Association Fee Frequency2: Annually
  • Location Amenities:Gentle Topo: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 20047.0
  • Parcel #: 246708302002
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6198.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2023
Sold by
Living Trust
Bought by
Mit3 Llc
Current Estimated Value
$2,578,723

Purchase Details

Listed on
May 6, 2020
Closed on
Aug 10, 2020
Sold by
Perlman Daniel
Bought by
The Living Trust Of Timothy M Mcconnell
Seller's Agent
Lynn Kirchner
Amore Realty
Buyer's Agent
Matthew Tate
Coldwell Banker Mason Morse-SMV
List Price
$1,233,000
Sold Price
$1,008,000
Premium/Discount to List
-$225,000
-18.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.96%

Purchase Details

Listed on
Jun 9, 2015
Closed on
Mar 30, 2016
Sold by
Mcmahon Dan and Mcmahon Mia N
Bought by
Perlman Daniel
Seller's Agent
Leah Davis
Coldwell Banker Mason Morse-Aspen
Buyer's Agent
Carol Hood Peterson
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$1,050,000
Sold Price
$865,555
Premium/Discount to List
-$184,445
-17.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.56%

Purchase Details

Closed on
Aug 1, 2012
Sold by
Mcmahon Dan
Bought by
Mcmahon Dan and Mcmahon Mia N

Purchase Details

Closed on
Sep 3, 2010
Sold by
Bridget K Wille Revocable Trust
Bought by
Mcmahon Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2007
Sold by
Wille Bridget K and Wille Stephen A
Bought by
Bridget K Wille Revocable Trust

Purchase Details

Closed on
May 27, 2004
Sold by
Michelle M Hubbard Revocable Trust
Bought by
Wille Stephen A and Wille Bridget K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2004
Sold by
Hubbard Michelle
Bought by
Michelle M Hubbard Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2003
Sold by
Hubbard Michelle M
Bought by
Michelle M Hubbard Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2003
Sold by
Belinski Timothy W and Belinski Charla J
Bought by
Hubbard Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 1996

Purchase Details

Closed on
Jul 16, 1993
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mit3 Llc -- None Listed On Document
The Living Trust Of Timothy M Mcconnell $1,008,000 Title Company Of The Rockies
Perlman Daniel $865,600 None Available
Mcmahon Dan -- None Available
Mcmahon Dan $800,000 Title Company Of The Rockies
Bridget K Wille Revocable Trust -- None Available
Wille Stephen A $868,000 Stewart Title
Michelle M Hubbard Revocable Trust -- Stewart Title
Michelle M Hubbard Revocable Trust -- Stewart
Hubbard Michelle $775,000 Stewart Title
-- $329,000 --
-- $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcmahon Dan $840,000
Previous Owner Wille Stephen A $325,000
Previous Owner Hubbard Michelle $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2020 08/10/20 Sold $1,008,000 -18.2% $336 / Sq Ft
06/28/2020 06/28/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $1,233,000 +42.5% $411 / Sq Ft
03/31/2016 03/31/16 Sold $865,555 -17.6% $288 / Sq Ft View Prior Sale
02/29/2016 02/29/16 Pending -- -- --
07/23/2014 07/23/14 For Sale $1,050,000 -- $350 / 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 $12,708 $152,170 $58,870 $93,300
2023 $12,708 $152,170 $58,870 $93,300
2022 $7,273 $79,270 $22,590 $56,680
2021 $7,595 $81,550 $23,240 $58,310
2020 $6,127 $68,220 $23,240 $44,980
2019 $6,198 $68,220 $23,240 $44,980
2018 $5,807 $63,000 $21,600 $41,400
2017 $5,554 $63,000 $21,600 $41,400
2016 $7,957 $88,920 $15,920 $73,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 164085

Aspen Glenwood MLS

APN: R027152