NOT LISTED FOR SALE

657 W Colorado Ave Unit R1 Telluride, CO 81435

Estimated Value: $1,768,000 - $3,296,000

3 Beds
2.5 Baths
1,748 Sq Ft
$413/mo HOA Fee

Last Sold November 01, 2018

Last sale price $1,225,000 $701 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $15,107/month

Highlights

  • 1 Fireplace
  • Furnished
  • Baseboard Heating
  • Telluride Intermediate School Rated A-

About This Home

As of November 2018

This is a nicely finished, move-in ready 2-bedroom, 2.5-bath condominium with an office/study that could be easily converted to a third bedroom. Located on the east end of the Gold Belt Building, the property features an east-facing deck with ski area and box canyon views. It also includes two large storage units (one an unfinished wine cellar) in the building's basement and a deeded indoor parking space.

Last Agent to Sell the Property

JAMES F. LUCARELLI

Real Estate Affiliates of Telluride Listed on: 09/27/2018

Last Buyer's Agent

Eric Saunders

Telluride Properties License #FA40015810

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,518

Year Built

  • Built in 2001

Lot Details

  • 5,924

HOA Fees

  • $413 Monthly HOA Fees

Parking

  • 1 Car Parking Space

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Metal Roof
  • Stone Siding

Interior Spaces

  • 1,748 Sq Ft Home
  • Furnished
  • 1 Fireplace
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Baseboard Heating

Community Details

  • 5 Units

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,518

Year Built

Built in 2001

Lot Details

0

HOA Fees

$413 per month

Listing Details

  • Directions: Gold Belt Building is on the corner of Colorado Avenue and Cornet Street, just in front of Hotel Telluride.
  • Listing Member Name: JAMES F. LUCARELLI
  • Listing Office Short Id: REAT
  • Major Area: 10
  • Open House Office I D: 20081028201308924206000000
  • Prop. Type: Condo
  • Selling Member Short Id: 189
  • Selling Office Short Id: TPROPOAKST
  • Home Age: 8 - 12 Years
  • Deed Restrict: None
  • Property Sub Type: Multi-Unit Buildings
  • Year Built: 2001
  • Special Features: None

Interior Features

  • EstFinishedSqFt: 1748.00
  • Lower Floor 1 Half Bathrooms: 1
  • Source Sq Ft: Assessor
  • Disability Access: City
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: 1
  • Furnished: Full
  • Studio: No

Exterior Features

  • Exterior Construction: Brick, Frame
  • Disclosures: Covenants, RETT
  • Exterior Finish: Stone
  • Roof: Metal
  • View: Box Canyon
  • Deck Sq Ft: 100.00
  • Substructure: Finished Basement

Garage/Parking

  • Covered Parking: 1 Car
  • Parking: 1 Car
  • Additional Structure Garage Sq Ft: 80.00

Utilities

  • Electric: Power Company
  • Gas Company: Natural
  • Hot Water: Public
  • Heating: Baseboard

Condo/Co-op/Association

  • Total Number of Units: Gold Belt
  • HOA Fees: 413.05

Fee Information

  • PaymentPer: Month
  • Taxes: 2518.00

Lot Info

  • Zoning: Accommodations 2
  • Lofts: None

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Numberof Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2018
Closed on
Nov 1, 2018
Sold by
Rachelson Saul L and Rachelson Mary Lee
Bought by
Hoffman Kimberley E
Seller's Agent
JAMES F. LUCARELLI
Real Estate Affiliates of Telluride
Buyer's Agent
Eric Saunders
Telluride Properties
Sold Price
$1,225,000
Total Days on Market
0
Current Estimated Value
$2,666,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,441,567
Avg. Annual Appreciation
12.53%

Purchase Details

Closed on
Feb 7, 2006
Sold by
Bristo Robert
Bought by
Rachdos Saul L and Rachdos Parus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
6.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2002
Sold by
Leoff Shirley
Bought by
Bristol Robert
Source: Public Records

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Range of Values:

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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
Hoffman Kimberley E $1,225,000 Land Title Guarantee Co
Rachdos Saul L $855,000 None Available
Bristol Robert $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rachelson Saul L $263,350
Previous Owner Rachdos Saul L $415,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2018 11/01/18 Sold $1,225,000 -- $701 / Sq Ft
09/27/2018 09/27/18 Pending -- -- --
Source: Telluride Association of REALTORS®

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 $6,517 $129,400 $0 $129,400
2023 $6,105 $130,660 $0 $130,660
2022 $3,696 $80,650 $0 $80,650
2021 $3,771 $85,240 $0 $85,240
2020 $3,164 $71,640 $0 $71,640
2019 $3,132 $71,640 $0 $71,640
2018 $3,007 $70,030 $0 $0
2017 $2,518 $70,030 $0 $70,030
2016 $2,469 $67,420 $0 $67,420
2015 $2,415 $67,420 $0 $67,420
2014 $2,034 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    JAMES F. LUCARELLI

    Real Estate Affiliates of Telluride

  • Eric Saunders

    Buyer's Agent in 2018

    Eric Saunders

    Telluride Properties

    (970) 708-2447

    95 in this area

    123 Total Sales

    Eric Saunders
    Section Image
See All Agents

Map

Source: Telluride Association of REALTORS®

MLS Number: 35866

Telluride Association of REALTORS®

APN: 101-0020021

Colorado San Miguel County Telluride 81435

657 W Colorado Ave Unit R1, Telluride, CO

This home is located at 657 W Colorado Ave Unit R1, Telluride, CO 81435 since 27 September 2018 and is currently estimated at $2,666,567, approximately $1,525 per square foot. This property was built in 2001. 657 W Colorado Ave Unit R1 is a home located in San Miguel County with nearby schools including Telluride Intermediate School, Telluride Middle School, and Telluride High School.

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