NOT LISTED FOR SALE

589 Platte Dr Unit A,B,C,D Fairplay, CO 80440

Estimated Value: $414,000 - $1,224,539

3 Beds
2.5 Baths
9,520 Sq Ft
$77/Sq Ft Est. Value

Last Sold March 23, 2021

Last sale price $1,100,000 $116 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $4,014/month

Highlights

  • River View
  • Wood Flooring
  • 2 Car Garage
  • Clubhouse
  • Baseboard Heating
  • Utility Room

About This Home

As of March 2021

"Investor Buyer" This is the closest in Residential Real Estate that does cash flow with all other units being rented!!!2 of the 4 units have a washer & dryer.

Last Agent to Sell the Property

Tom Langseth

Keller Williams Realty, DTC License #EA1315194 Listed on: 02/19/2020

Last Buyer's Agent

Agent Not In Board

NON-BOARD OFFICE

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,118

Year Built

  • Built in 2003

Lot Details

  • 3,485 Sq Ft Lot
  • Southern Exposure

Parking

  • 2 Car Garage
  • Parking Pad

Property Views

  • River
  • Lake
  • Creek or Stream
  • Mountain

Home Design

  • Entry on the 1st floor
  • Wood Frame Construction
  • Asphalt Roof

Interior Spaces

  • 9,520 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Utility Room

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Yes
  • Assessor Parcel Number 45751

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Elk Meadows At Fairplay Filing 1 Subdivision
  • Clubhouse

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,118

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size Acres: 0.08
  • Subdivision Name: ELK MEADOWS AT FAIRPLAY FILING 1
  • Directions: Go through Fairplay, go south on 285 to Platte Drive(old Pizza Hut Building), Right hand side of road approximately 1.5 miles on 285.
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Year Built: 2003
  • Property Sub Type Additional: Townhouse
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Some Electric Appliances, Dryer, Washer
  • Other Equipment: Satellite Dish
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Interior Amenities: Fireplace, Cable TV, Utility Room
  • Living Area: 9520.0
  • Stories: 3

Exterior Features

  • Lot Features: City Lot
  • View: Mountain(s), River, Southern Exposure, Creek/Stream, Lake
  • View: Yes
  • Exclusions: Yes
  • Construction Type: Wood Frame
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage, Parking Pad

Utilities

  • Laundry Features: Washer Hookup, See Remarks
  • Green Building Features: Not Applicable
  • Heating: Baseboard, Individual, Natural Gas
  • Heating Yn: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cable Available, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Lot Size Sq Ft: 3484.8
  • Parcel #: 45751
  • Zoning Description: Multi-Family

Tax Info

  • Tax Annual Amount: 3117.74
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2020
Closed on
Mar 22, 2021
Sold by
Smith Michael R
Bought by
Collegiate Fundings Llc
Seller's Agent
Tom Langseth
Keller Williams Realty, DTC
Buyer's Agent
Agent Not In Board
NON-BOARD OFFICE
List Price
$1,100,000
Sold Price
$1,100,000
Current Estimated Value
$731,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$368,115
Avg. Annual Appreciation
-8.48%

Purchase Details

Closed on
Oct 9, 2012
Sold by
Headgeparth Terry
Bought by
Smith Michael R

Purchase Details

Closed on
Sep 30, 2005
Sold by
Fairplay Development Company Llc and Keen Larry L
Bought by
Mountain Valley Investments Llc

Purchase Details

Closed on
Feb 14, 2005
Sold by
Fairplay Development Company Llc
Bought by
Smith Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Collegiate Fundings Llc $1,100,000 Land Title Guarantee
Smith Michael R $3,220 None Available
Mountain Valley Investments Llc $3,500,000 Title Company Of The Rockies
Smith Michael R $178,000 Title Company Of The Rockies
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Michael R $142,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2021 03/23/21 Sold $1,100,000 0.0% $116 / Sq Ft
02/21/2021 02/21/21 Pending -- -- --
02/19/2020 02/19/20 For Sale $1,100,000 -- $116 / Sq Ft
Source: Summit 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 $2,109 $29,060 $3,050 $26,010
2023 $2,109 $29,060 $3,050 $26,010
2022 $1,282 $16,871 $1,343 $15,528
2021 $1,263 $17,350 $1,380 $15,970
2020 $801 $10,740 $690 $10,050
2019 $780 $10,740 $690 $10,050
2018 $770 $10,740 $690 $10,050
2017 $778 $10,420 $660 $9,760
2016 $913 $12,460 $460 $12,000
2015 $928 $12,460 $460 $12,000
2014 $1,028 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tom Langseth

    Keller Williams Realty, DTC

See All Agents

Map

Source: Summit MLS

MLS Number: S1017589

Summit MLS

APN: 45751

Colorado Park County Fairplay 80440

589 Platte Dr Unit A,B,C,D, Fairplay, CO

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