NOT LISTED FOR SALE

5560 Summit Way Erie, CO 80516

Estimated Value: $1,328,000 - $1,697,000

6 Beds
4.5 Baths
4,824 Sq Ft
$324/Sq Ft Est. Value

Last Sold November 24, 2015

Last sale price $815,000 $169 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $8,557/month

53 Days on Market

Highlights

  • Horses Allowed On Property
  • Spa
  • Wood Flooring
  • Erie Elementary School Rated A
  • Deck
  • Patio

About This Home

As of November 2015

Beautiful home w/lots of extras. 3.3 acre horse property w/breathtaking views. Enjoy the views while grilling on covered back porch, resting in the hot tub, or roasting marshmallows over fire pit. Over sized bdrms for the whole family. 4 car detached heated garage w/workshop. Eat in Kitchen w/stainless steel appl & granite counter tops.Washer&dryer incl. Plantation shutters. Covered front porch. Huge family rm w/custom built ins &flagstone fireplace. Main for master.RV pad w/electrical & water.

Last Agent to Sell the Property

Laura Ruch

West and Main Homes Listed on: 08/13/2015

West and Main Homes

Co-Listed By

Non-IRES Agent

Non-IRES

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,715

Year Built

  • Built in 2004

Lot Details

  • 3.31

Parking

  • 6 Car Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 4,824 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Storage

Schools

  • Erie Elementary And Middle School
  • Erie High School

Farming

  • Loafing Shed
  • Pasture

Utilities

  • Forced Air Heating and Cooling System
  • Septic System
  • Cable TV Available

Additional Features

  • 3.31 Acre Lot
  • Horses Allowed On Property

Community Details

  • Property has a Home Owners Association
  • Built by Balmes Homes
  • Summit At Mountain View Subdivision

Listing and Financial Details

  • Assessor Parcel Number R2538703

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,715

Year Built

Built in 2004

Lot Details

0

Parking

6

Listing Details

  • Year Built: 2004
  • Property Sub Type: Residential-Detached
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 3.31
  • Road Surface Type: Paved
  • Co List Office Mls Id: COOP
  • Subdivision Name: Summit at Mountain View
  • Directions: I-25, west on 52 about 2-3 miles turn south on CR5 about 1/2 mile turn west on Mountain View to dead end, Turn north and immediate left on Summit Way. Yellow House with covered porch.
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4824
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
  • Has Basement: Full, 90%+ Finished Basement
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Bedroom Features: Carpet
  • Room Bedroom3 Features: Carpet
  • Dining Room Features: Wood Floor
  • IRESDS_HasFamilyRoom: No
  • Room Bedroom4 Level: Upper
  • Living Room Living Room Level: Main
  • Room Bedroom4 Features: Carpet
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom3 Level: Upper
  • Room Bedroom2 Level: Upper
  • Room Bedroom2 Features: Carpet
  • Master Bedroom Features: Carpet
  • Room Bedroom5 Level: Upper
  • Room Bedroom5 Features: Carpet
  • Room Kitchen Features: Wood Floor
  • Living Room Features: Wood Floor
  • Dining Room Dining Room Level: Main
  • Master Bathroom Features: 5 Piece Primary Bath
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Builder Name: Balmes Homes
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Exterior Features: Lighting, Hot Tub Included
  • Other Structures: Storage
  • Patio And Porch Features: Patio, Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 6
  • Garage Spaces: 6
  • Parking Features: Garage Door Opener, Heated Garage, Oversized
  • IRESDS_GarageType: None

Utilities

  • Cooling: Central Air
  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic
  • Water Source: City Water, Public
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: Yes

Association/Amenities

  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Erie
  • HighSchool: Erie
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: Erie

Lot Info

  • Zoning: SFR
  • Current Use: Horses
  • Horse Amenities: Pasture, Loafing Shed
  • Lot Size Sq Ft: 144009
  • Parcel #: R2538703
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 4715

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2015
Closed on
Nov 24, 2015
Sold by
Baxley Warren E and Baxley Christine B
Bought by
Lagae Elizabeth A and Lagae Paul A
Seller's Agent
Laura Ruch
West and Main Homes
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$895,000
Sold Price
$815,000
Premium/Discount to List
-$80,000
-8.94%
Current Estimated Value
$1,509,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$694,490
Avg. Annual Appreciation
6.69%
Original Mortgage
$652,000
Outstanding Balance
$513,004
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$1,049,820

Purchase Details

Closed on
Aug 30, 2007
Sold by
Linnenburger Samuel D and Linnenburger Rona J
Bought by
Baxley Warren E and Baxley Christine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.55%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 12, 2004
Sold by
Dns Development Llc
Bought by
Linnenburger Samuel D and Linnenburger Rona J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,000
Interest Rate
5.37%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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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
Lagae Elizabeth A $815,000 Land Title Guarantee Co
Baxley Warren E $605,000 Guardian Title
Linnenburger Samuel D $229,500 Guardian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lagae Elizabeth A $652,000
Previous Owner Baxley Warren E $350,000
Previous Owner Linnenburger Samuel D $483,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $815,000 -- --
11/24/2015 11/24/15 Sold $815,000 -8.9% $169 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $895,000 -- $186 / Sq Ft
Source: IRES 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
2025 $7,695 $86,260 $24,140 $62,120
2024 $7,695 $86,260 $24,140 $62,120
2023 $7,379 $86,770 $26,130 $60,640
2022 $6,344 $67,600 $20,750 $46,850
2021 $6,457 $69,550 $21,350 $48,200
2020 $5,670 $61,620 $20,220 $41,400
2019 $5,734 $61,620 $20,220 $41,400
2018 $7,203 $78,360 $17,070 $61,290
2017 $6,911 $78,360 $17,070 $61,290
2016 $6,031 $67,940 $16,880 $51,060
2015 $5,825 $67,940 $16,880 $51,060
2014 $4,715 $55,150 $13,930 $41,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 772326

IRES MLS

APN: R2538703