NOT LISTED FOR SALE

657 W Colorado Ave Unit R2 Telluride, CO 81435

Estimated Value: $1,763,000 - $3,428,000

3 Beds
2.5 Baths
1,740 Sq Ft
$979/mo HOA Fee

Last Sold December 22, 2020

Last sale price $1,425,000 $819 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $17,218/month

Highlights

  • Ski Lockers
  • 1 Fireplace
  • Baseboard Heating
  • Telluride Intermediate School Rated A-
  • Patio
  • Wood Siding

About This Home

As of December 2020

Gold Belt Unit 2 is a spacious 3-bedroom 2.5-bathroom condo on the west side of town. The open first floor features a well-appointed kitchen and a large living area with plenty of sun and views to the ski area. Two decks provide ample outdoor living space -- one faces south and the other shared deck off the kitchen faces east with box canyon views. The second floor is made up of three bedrooms as well as another living area. This unit has approximately 1280 sq. ft. of deeded storage space in the basement of the Gold Belt Building. A covered tandem garage parking space rounds out the offering.

Last Agent to Sell the Property

Jim Lucarelli

Compass Colorado - Telluride License #ER1312475 Listed on: 09/28/2020

Compass Colorado - Telluride

Last Buyer's Agent

TD Smith

Telluride Properties Main St. License #EA000159431

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,120

Year Built

  • Built in 2001

Lot Details

  • 5,924

HOA Fees

  • $979 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

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

Interior Spaces

  • 1,740 Sq Ft Home
  • 1 Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Patio

Utilities

  • Baseboard Heating
  • Heating System Uses Gas

Community Details

Overview

  • Association fees include grounds maintenance, insurance, management, snow removal
  • 5 Units

Recreation

  • Ski Lockers

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,120

Year Built

Built in 2001

Lot Details

0

HOA Fees

$979 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: Jim Lucarelli
  • Listing Office Short Id: compass
  • Major Area: 10
  • Open House Office I D: 20180918184724524834000000
  • Prop. Type: Condo
  • Selling Member Short Id: 31
  • Selling Office Short Id: 3737
  • Home Age: 13 - 20 Yrs
  • Deed Restrict: None
  • Property Sub Type: Multi-Unit Buildings
  • Year Built: 2001
  • Special Features: None

Interior Features

  • EstFinishedSqFt: 1740.00
  • Lower Floor 1 Half Bathrooms: 1
  • Source Sq Ft: Assessor
  • Disability Access: City
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: 1
  • Furnished: None
  • Studio: No

Exterior Features

  • Exterior Construction: Brick, Frame
  • Disclosures: Covenants, Flood Ins Required, Flood Plain, RETT
  • Exterior Finish: Wood (Natural)
  • Roof: Metal
  • View: Ski Area
  • Deck Sq Ft: 279.50
  • Water Extras: Patio/Deck
  • Substructure: Unfinished

Garage/Parking

  • Covered Parking: 1 Car
  • Parking: 1 Car Garage
  • Additional Structure Garage Sq Ft: 180.00

Utilities

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

Condo/Co-op/Association

  • Total Number of Units: Gold Belt
  • HOA Fees: 979.07
  • HOA Amenities: Ski Storage/Loc
  • HOA Fees Includes: Grounds Maintenance, Insurance, Management, Snow Removal

Fee Information

  • PaymentPer: Month
  • Taxes: 3120.00

Lot Info

  • Zoning: Accommodations 2
  • Lofts: None

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Numberof Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Dec 22, 2020
Sold by
S & J Land Company Llc
Bought by
Major Telluride Properties Llc
Seller's Agent
Jim Lucarelli
Compass Colorado - Telluride
Buyer's Agent
TD Smith
Telluride Properties Main St.
Sold Price
$1,425,000
Total Days on Market
0
Current Estimated Value
$2,786,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,361,565
Avg. Annual Appreciation
16.30%
Original Mortgage
$1,000,000
Outstanding Balance
$899,950
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,886,615

Purchase Details

Listed on
Sep 28, 2020
Closed on
Dec 21, 2020
Sold by
Walters Jared C and Estate Of Richard D Leoff
Bought by
Major Telluride Properties Llc
Seller's Agent
Jim Lucarelli
Compass Colorado - Telluride
Buyer's Agent
TD Smith
Telluride Properties Main St.
Sold Price
$1,425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$899,950
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,886,615

Purchase Details

Closed on
Feb 21, 2017
Sold by
Leoff Richard and Unnars Marta
Bought by
Unnars Marta

Purchase Details

Closed on
Feb 25, 2014
Sold by
The Leoff Unnars Family Trust
Bought by
Leoff Richard Chance and Unnars Marta

Purchase Details

Closed on
Dec 23, 2009
Sold by
Leoff Richard
Bought by
Leoff Richard and Unnars Marta
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
Major Telluride Properties Llc -- Land Title Guarantee Company
Major Telluride Properties Llc $1,425,000 Land Title Guarantee Company
Unnars Marta -- None Available
Leoff Richard Chance -- None Available
Leoff Richard -- None Available
Leoff Richard -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Major Telluride Properties Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2020 12/22/20 Sold $1,425,000 -- $819 / Sq Ft
09/28/2020 09/28/20 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 $7,167 $141,950 $0 $141,950
2023 $6,714 $143,330 $0 $143,330
2022 $4,054 $88,470 $0 $88,470
2021 $3,756 $84,920 $0 $84,920
2020 $3,152 $71,370 $0 $71,370
2019 $3,121 $71,370 $0 $71,370
2018 $2,996 $69,760 $0 $0
2017 $2,508 $69,760 $0 $69,760
2016 $2,460 $67,160 $0 $67,160
2015 $2,406 $67,160 $0 $67,160
2014 $2,025 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Lucarelli

    Seller's Agent in 2020

    Jim Lucarelli

    Compass Colorado - Telluride

    (970) 708-2255

    52 in this area

    84 Total Sales

    Jim Lucarelli
    Section Image
  • TD Smith

    Buyer's Agent in 2020

    TD Smith

    Telluride Properties Main St.

    (970) 729-1577

    20 in this area

    22 Total Sales

    TD Smith
    Section Image
See All Agents

Map

Source: Telluride Association of REALTORS®

MLS Number: 37893

Telluride Association of REALTORS®

APN: 101-0020022

Colorado San Miguel County Telluride 81435

657 W Colorado Ave Unit R2, Telluride, CO

This home is located at 657 W Colorado Ave Unit R2, Telluride, CO 81435 since 28 September 2020 and is currently estimated at $2,786,565, approximately $1,601 per square foot. This property was built in 2001. 657 W Colorado Ave Unit R2 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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