NOT LISTED FOR SALE

Estimated Value: $3,831,000 - $4,286,651

3 Beds
4.5 Baths
5,862 Sq Ft
$2,132/mo HOA Fee

Last Sold March 11, 2021

Last sale price $3,800,000 $648 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $26,412/month

352 Days on Market

Highlights

  • Concierge
  • On Golf Course
  • No Units Above
  • Broadmoor Elementary School Rated A
  • Penthouse
  • Primary Bedroom Suite

About This Home

As of March 2021

Experience world class living in one of the most exclusive residences in Colorado Springs. A rare opportunity to own a one-of-a kind 3-bedroom luxury penthouse in The Broadmoor’s West Residences situated inside the gated campus of The Broadmoor Hotel. Enjoy panoramic views of the Broadmoor West golf course and the surrounding mountains. The gracious, bright and free flowing floor plan features high ceilings and oversized rooms. An expansive great room with built in bar, fireplace, and dining area with an outdoor terrace that seamlessly combines indoor and outdoor living. Stunning master retreat with double closets and dual master baths which open to the second private patio with views to Cheyenne Mountain and beyond. Oversized chefs’ kitchen with multiple dinning spaces. This quintessential luxury penthouse has everything at your fingertips with iconic shops, restaurants and outdoor activities. This exclusive community includes common gathering rooms, expansive sitting deck with fire pit, large board room, wine lockers, heated parking garage, storage room, private elevator access and an on-site concierge/community manager. Residents are eligible to join the Broadmoor Golf Club with its championship golf, award winning spa, pools, tennis, pickleball and fitness center.

Last Agent to Sell the Property

Michael Raedel

Broadmoor Properties License #40033789 Listed on: 02/19/2020

Last Buyer's Agent

Heather Hankins

Madison & Company Properties License #100079312

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,833

Year Built

  • Built in 2006

Lot Details

  • On Golf Course
  • No Units Above
  • 1 Common Wall
  • North Facing Home
  • Landscaped
  • Front and Back Yard Sprinklers

HOA Fees

  • $2,132 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Parking Storage or Cabinetry
  • Heated Garage
  • Lighted Parking
  • Secured Garage or Parking

Property Views

  • Golf Course
  • City
  • Mountain

Home Design

  • Penthouse
  • Concrete Roof
  • Steel Beams
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,862 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • Entrance Foyer
  • Living Room with Fireplace
  • 3 Fireplaces
  • Home Security System

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Stone

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Outdoor Fireplace
  • Exterior Lighting

Schools

  • Broadmoor Elementary School
  • Cheyenne Mountain Middle School
  • Cheyenne Mountain High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74351-11-011

Community Details

Overview

  • Association fees include gas, heat, insurance, ground maintenance, maintenance structure, road maintenance, security, sewer, snow removal, trash, water
  • 32 Units
  • Broadmoor West Residence Association, Phone Number (719) 473-5000
  • Mid-Rise Condominium
  • Broadmoor West Residence Community
  • Broadmoor Subdivision
  • Community Parking

Amenities

  • Concierge
  • Community Storage Space
  • Elevator

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service
  • Resident Manager or Management On Site
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,833

Year Built

Built in 2006

Lot Details

0

HOA Fees

$2,132 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid Rise (4-7)
  • Levels: Three Or More
  • Building Name: Broadmoor West Residence
  • Year Built: 2006
  • Above Grade Finished Sq Ft: 5862
  • Entry Location: Penthouse
  • Exclusions: None
  • Living Area: 5862
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Directions: West on Lake Avenue, turn right in front of the Broadmoor Hotel, go around to the back of the Hotel and turn into the West Hotel entrance.
  • SubdivisionName: Broadmoor
  • Ownership: Individual
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_BasementLevelBathrooms: 0
  • REC_BasementLevelBedrooms: 0
  • REC_BelowGradeUnfinishedArea: 0.00
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 0
  • REC_UpperLevelBedrooms: 0
  • Ratio Close Price By Original Li: 0.58462
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Self Cleaning Oven, Washer, Wine Cooler
  • Fireplaces: 3
  • Interior Amenities: Built-in Features, Elevator, Entrance Foyer, Five Piece Bath, Granite Counters, Kitchen Island, Primary Suite, No Stairs, Open Floorplan, Pantry, Walk-In Closet(s), Wet Bar
  • Flooring: Carpet, Stone, Wood
  • Fireplace Features: Gas, Living Room, Primary Bedroom, Outside
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Common Walls: No One Above, 1 Common Wall
  • Basement: No
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 3
  • Window Features: Double Pane Windows, Skylight(s), Window Coverings, Window Treatments

Exterior Features

  • Direction Faces: North
  • Foundation Details: Concrete Perimeter
  • Roof: Concrete
  • Construction Materials: Concrete, Steel, Stucco
  • View: City, Golf Course, Mountain(s)
  • Exterior Features: Balcony, Lighting
  • Patio and Porch Features: Covered, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved

Garage/Parking

  • Parking Features: Concrete, Heated Garage, Lighted, Storage, Underground
  • Attached Garage: No
  • Garage Spaces: 2
  • Total Parking Spaces: 2
  • REC_ParkingCount: 1

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas, Radiant Floor
  • Water Source: Public
  • Laundry Features: In Unit
  • Security: Carbon Monoxide Detector(s), Key Card Entry, Secured Garage/Parking, Security Entrance, Security System, Smoke Detector(s)

Condo/Co-op/Association

  • HOA Fee Includes: Gas, Heat, Insurance, Maintenance Grounds, Maintenance Structure, Road Maintenance, Security, Sewer, Snow Removal, Trash, Water
  • Association Name: Broadmoor West Residence
  • Association Fee Frequency: Monthly
  • Association Amenities: Concierge, Elevator(s), On Site Management, Parking, Security, Storage
  • Association Fee: 2132
  • Phone: 719-473-5000
  • Association: Yes

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 25584.00
  • REC_AssociationFeeTotalAnnual: 25584.00
  • REC_AssociationManagementType: Professionally Managed
  • REC_MultipleAssociationsYN: 0

Schools

  • Middle Or Junior School: Cheyenne Mountain

Lot Info

  • Parcel Number: 74351-11-011
  • Lot Size Acres: 0.02
  • Fencing: None
  • Building Area Total: 5862
  • Lot Features: Landscaped, On Golf Course, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 882
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 32

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 18833

MLS Schools

  • Elementary School: Broadmoor
  • High School: Cheyenne Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2020
Closed on
Mar 8, 2021
Sold by
The Robert C Norris 2016 Revocable Trust
Bought by
The Lizar Family Trust
Seller's Agent
Michael Raedel
Broadmoor Properties
Buyer's Agent
Heather Hankins
Madison & Company Properties
List Price
$6,500,000
Sold Price
$3,800,000
Premium/Discount to List
-$2,700,000
-41.54%
Total Days on Market
352
Current Estimated Value
$4,054,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,884
Avg. Annual Appreciation
2.07%
Original Mortgage
$2,660,000
Outstanding Balance
$2,389,339
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$1,757,113

Purchase Details

Closed on
Nov 23, 2016
Sold by
Norris Robert C
Bought by
Robert C Norris 2016 Revocable Trust

Purchase Details

Closed on
Oct 20, 2006
Sold by
Broadmoor Development Co
Bought by
Norris Robert C and Norris Jane W
Source: Public Records

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
The Lizar Family Trust $3,800,000 Land Title Guarantee Company
Robert C Norris 2016 Revocable Trust -- None Available
Norris Robert C $2,629,600 Land Title Guarantee Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Lizar Family Trust $2,660,000
Previous Owner Norris Robert A $3,025,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2021 03/11/21 Sold $3,800,000 -15.5% $648 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
12/13/2020 12/13/20 Price Changed $4,495,000 -9.2% $767 / Sq Ft
07/30/2020 07/30/20 Price Changed $4,950,000 -14.7% $844 / Sq Ft
05/05/2020 05/05/20 Price Changed $5,800,000 -10.8% $989 / Sq Ft
02/19/2020 02/19/20 For Sale $6,500,000 -- $1,109 / Sq Ft
Source: REcolorado®

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 $19,254 $264,910 $20,900 $244,010
2023 $19,254 $264,910 $20,900 $244,010
2022 $19,961 $274,800 $21,680 $253,120
2021 $21,049 $282,710 $22,310 $260,400
2020 $20,263 $265,680 $22,310 $243,370
2019 $20,045 $265,680 $22,310 $243,370
2018 $18,833 $245,250 $22,460 $222,790
2017 $18,760 $245,250 $22,460 $222,790
2016 $19,866 $266,320 $24,840 $241,480
2015 $19,826 $266,320 $24,840 $241,480
2014 $17,496 $234,820 $24,840 $209,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7739984

REcolorado®

APN: 74351-11-011