NOT LISTED FOR SALE

8 Summit Rd Crested Butte, CO 81224

Estimated Value: $5,107,000 - $6,418,000

4 Beds
5.5 Baths
5,707 Sq Ft
$1,012/Sq Ft Est. Value

Sale Details

Date Sold: November 17, 2020

Last sale price $3,500,000 $613 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $33,049 / mo

40 Days on Market

Highlights

  • Wine Room
  • Spa
  • Deck
  • Media Room
  • Lake View
  • Living Room with Fireplace

About This Home

As of November 2020

Views! Views! Views! Situated in The Summit Subdivision on Crested Butte Mountain, this luxury, custom home possesses unrivaled, panoramic views of the surrounding valley and iconic peaks. Constructed with attention to detail and timeless finishes the design and architecture combine to present a legacy property where you will welcome family and friends for years to come. Upon entering, your eyes are immediately drawn to the big picture windows that display the beauty of the surrounding valley. The open concept floor plan welcomes you into a Great Room appointed with rustic timber frame trusses, a floor to ceiling stacked rock, wood burning fireplace, as well as, reclaimed spruce & oak floors from an old Virginia school house. A gourmet kitchen awaits you complete with top-of-the-line appliances, granite counter-tops, a generous island finished with a marble top and extensive custom cabinetry offering all of the storage you’ll need. The clever floor plan offers a fully appointed master suite on each of the 3 levels. Each suite offers a private deck/terrace, walk-in closet and generous bathroom complete with dual sinks, soaker bath & walk-in shower. The lower level offers an over-sized media/rec room complete with wet bar that is spacious enough to accommodate a large viewing area & pool table and opens out to a terrace with hot tub. Rounding out the lower level of the home are your own private wine room, exercise room/bonus room and sitting room/bunk room. The upper level of the home offers a spacious second bedroom with bath in addition to the third master suite, as well as a custom built-in office space. There has been no expanse spared in the finishes found throughout the home with locally sourced custom iron work represented in the chandeliers & sconces, the aspen leaf stair railings, the venetian plaster walls and authentic stone work. Additional features include: laundry on two levels, over-sized two car garage, beautifully landscaped flower beds, paved driveway and security system. One of the first lots chosen in the subdivision for the views and the solid, stable soils the solid base foundation required no stabilization for construction. Tastefully appointed and exquisitely decorated this home is offered turn-key, complete with artwork, furniture & all the trimmings. Situated close to the ski slopes you’ll enjoy easy ski access in the winter and endless miles of hiking and biking in the summer.

Last Agent to Sell the Property

Maggie Dethloff

Bluebird Real Estate, LLC Listed on: 09/01/2020

Last Buyer's Agent

Channing Boucher

LIV Sotheby's International Realty - CB

LIV Sotheby's International Realty - CB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,865

Year Built

  • Built in 2001

Lot Details

  • 30,056 Sq Ft Lot
  • Open Space
  • Landscaped
  • Sprinkler System

HOA Fees

  • $58 Monthly HOA Fees

Property Views

  • Lake
  • Creek or Stream
  • Mountain
  • Valley

Home Design

  • Permanent Foundation
  • Metal Roof
  • Wood Siding
  • Stone Siding
  • Stick Built Home
  • Stone

Interior Spaces

  • 5,707 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Furnished
  • Sound System
  • Cathedral Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Double Pane Windows
  • Mud Room
  • Wine Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Media Room
  • Game Room
  • Home Gym
  • Home Security System

Kitchen

  • Breakfast Bar
  • Double Oven
  • Indoor Grill
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Gas Grill

Schools

  • Crested Butte Community K-12 Elementary And Middle School
  • Crested Butte Community K-12 High School

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available
  • Phone Available

Community Details

  • Association fees include management, common area taxes
  • The Summit HOA

Listing and Financial Details

  • Assessor Parcel Number 317726438007

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,865

Year Built

Built in 2001

Lot Details

0.69 Acres

HOA Fees

$58 per month

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Double Oven, Indoor Grill
  • Estimated Total Acres: 0.69
  • Class: RESIDENTIAL
  • Em Deposit: 100000
  • Em Holder: Title Company
  • Exterior Inclusions: Landscaping, Patio, Deck, Gas Grill, Hot Tub, Lawn Sprinklers, Balcony, Covered Porch
  • Interior Inclusions: All Furnishings, Cathedral Ceiling, Ceiling Fan(s), Sound System, Wet Bar, Vaulted Ceiling, Granite Counters, Pantry, Security System, Walk In Closet, Garage Door Opener, Fitness Room, Game Room, Media Room, Mud Room, Wine Room, Heated Garage
  • Legal Lot Block: Lot 39, Summit Residential Filing 3
  • List Price per Sq Ft: 665.85
  • Lot Size Acreage: .5 - .99
  • Parcel Id Number: 317726438007
  • Price Per Sq Ft: 613.28
  • Property Description: Adj to Open Space
  • Real Estate Included: Yes
  • Residence Stories: Three Story
  • Sale/Rent: For Sale
  • Siding: Stone, Wood
  • Sold Price Sq Ft: 613.28
  • Street Descriptionaccess: City/Town, Paved, Public, Public Winter Maintenance
  • Street Designation: Road
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Access: Year Round
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: Century Link
  • Internet Service: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 13,864.54
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 20

Interior Features

  • Dining Room: Kitchen Bar, Separate Dining
  • Bedrooms: 4
  • Flooring: Carpet-Partial, Hardwood, Slate, Tile
  • Estimated Total Sq Ft: 5707
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 6
  • Fireplace Location Type: Living Room
  • Foundation: Permanent
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Windows: Clad, Double Pane, Thermal Panes
  • Construction Type: Wood Frame, Wood, Stone
  • Roof: Metal
  • Views: Mountains, Valley, Stream/River, Lake/Pond/Reservoir

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Natural Gas, Internet, Phone - Cell Reception, Phone - Landline
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Atmos Energy
  • Heating System: Floor Radiant
  • Sewer Supplier: Mt. Crested Butte Water and Sanitation
  • Water Heater: Gas Water Heater
  • Water Supplier: Mt. Crested Butte Water and Sanitation

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Management, Common Area Taxes
  • Hoametro Fees: 700
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: The Summit

Schools

  • High School: Crested Butte Community K-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

MLS Schools

  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Nov 17, 2020
Sold by
Gunnison Holdings Llc
Bought by
Morley Gst Exempt Family Trust
Seller's Agent
Maggie Dethloff
Bluebird Real Estate, LLC
Buyer's Agent
Channing Boucher
LIV Sotheby's International Realty - CB
List Price
$3,800,000
Sold Price
$3,500,000
Premium/Discount to List
-$300,000
-7.89%
Current Estimated Value
$5,773,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,273,157
Avg. Annual Appreciation
9.71%

Purchase Details

Closed on
May 7, 2020
Sold by
Merrie Lane Llc
Bought by
Gunnison Holdings Llc

Purchase Details

Closed on
Jan 1, 2002
Sold by
Burke John J Rev Trust
Bought by
Merrie Lane Llc

Purchase Details

Closed on
Aug 31, 2000
Sold by
Summit At Mt Cb Colo Joint Venture #1
Bought by
Burke John J Rev Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Morley Gst Exempt Family Trust $3,500,000 Land Title Guarantee Company
Gunnison Holdings Llc -- None Available
Merrie Lane Llc -- --
Burke John J Rev Trust $255,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2020 11/17/20 Sold $3,500,000 -7.9% $613 / Sq Ft
10/11/2020 10/11/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $3,800,000 -- $666 / Sq Ft
Source: Colorado Real Estate Network (CREN)

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 $26,065 $328,960 $36,970 $291,990
2024 $26,065 $346,070 $34,880 $311,190
2023 $29,908 $342,380 $34,510 $307,870
2022 $17,234 $197,290 $13,880 $183,410
2021 $15,573 $202,960 $14,270 $188,690
2020 $14,137 $179,470 $12,740 $166,730
2019 $13,869 $179,470 $12,740 $166,730
2018 $16,536 $204,650 $13,190 $191,460
2017 $16,586 $204,650 $13,190 $191,460
2016 $12,371 $160,000 $11,050 $148,950
2015 -- $160,000 $11,050 $148,950
2014 -- $129,850 $10,620 $119,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 774032

Colorado Real Estate Network (CREN)

APN: R040023

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