Seller's Agent in 2024
Rick Perez
LPT Realty
(303) 295-2995
23 Total Sales
8551 Burning Tree Dr Franktown, CO 80116
Estimated Value: $990,000 - $1,101,633
4
Beds
3.5
Baths
3,521
Sq Ft
$293/Sq Ft
Est. Value
Highlights
- Double Oven
- Double Pane Windows
- Carpet
- 3 Car Attached Garage
About This Home
As of February 2024Welcome to 8551 Burning Tree Dr. This gorgeous 1 owner home located in the beautiful town of Franktown! This charming home sits on a sprawling 5-acre lot, offering breathtaking views of the majestic mountains that will surely make you fall in love at first sight.
Although the interior of the house might be a little dated, it has been meticulously maintained and is well insulated, ensuring comfortable living all year round. The spacious layout provides ample living and entertaining space, allowing you to personalize it according to your taste and style.
One of the key highlights of this property is the opportunity to bring your creativity to the forefront. With new paint both the interior and exterior, Imagine waking up to the picturesque mountain views, framed by newly-painted walls and large windows that bathe the space in natural light.
In addition to the cosmetic upgrades, this property also boast a brand new roof, providing you with peace of mind and added value. The investment in a new roof ensures the longevity and durability of this home, Lightning Rod System, safeguarding it against the elements for years to come.
Aside from the charming interior and imminent upgrades, the true gem of this property lies in its outdoor space. The expansive 5-acre lot allows for endless possibilities. You can create your own oasis, whether it be a beautiful garden, a serene patio, or even a play area for children and pets. The possibilities are endless when you have such breathtaking mountain vistas as your backdrop.
Live the dream of owning a home that combines the best of both worlds – a peaceful refuge in nature with convenient access to the town of Franktown. Don't miss the chance to make this house your home and immerse yourself in the tranquility and beauty that 8551 Burning Tree Dr. has to offer. Court Case was WON not allowing water rights to be taken
Contact us today to schedule a viewing and start the journey to your mountain oasis.
SOLD AS IS
Last Agent to Sell the Property
LPT Realty Brokerage Email: Rick@WeSell5280.com,303-295-2995 License #40032593 Listed on: 07/21/2023
Last Buyer's Agent
LPT Realty Brokerage Email: Rick@WeSell5280.com,303-295-2995 License #40032593 Listed on: 07/21/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,617
Year Built
- Built in 1991
Lot Details
- 5 Acre Lot
- Property is zoned RR
HOA Fees
- $8 Monthly HOA Fees
Parking
- 3 Car Attached Garage
Home Design
- Frame Construction
- Composition Roof
Interior Spaces
- 2-Story Property
- Double Pane Windows
- Window Treatments
- Carpet
- Unfinished Basement
Kitchen
- Double Oven
- Cooktop
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
Laundry
- Dryer
- Washer
Schools
- Franktown Elementary School
- Sagewood Middle School
- Ponderosa High School
Utilities
- No Cooling
- Radiant Heating System
- Well
- Septic Tank
Community Details
- Burning Tree Ranch Homeowner's Association
- Burning Tree Ranch Subdivision
Listing and Financial Details
- Exclusions: Sellers Personal Property
- Assessor Parcel Number R0230181
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2023
Closed on
Feb 8, 2024
Sold by
Elizabeth B Burns Declaration Of Trust and Robert P Burns Declaration Of Trust
Bought by
Druva Erik Lee and Druva Kathryn Elizabeth
Seller's Agent
Rick Perez
LPT Realty
Buyer's Agent
Rick Perez
LPT Realty
List Price
$1,250,000
Sold Price
$975,000
Premium/Discount to List
-$275,000
-22%
Views
248
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,908
Avg. Annual Appreciation
3.44%
Original Mortgage
$766,550
Outstanding Balance
$744,924
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$285,984
Purchase Details
Closed on
Nov 20, 1997
Sold by
Burns Robert P and Burns Elizabeth B
Bought by
Burns Robert P
Purchase Details
Closed on
Nov 28, 1980
Sold by
Pos Wayne A
Bought by
Burns Robert P and Burns Elizabeth B
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Druva Erik Lee | $975,000 | Land Title | |
| Burns Robert P | -- | -- | |
| Burns Robert P | $35,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Druva Erik Lee | $766,550 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/08/2024 02/08/24 | Sold | $975,000 | -2.4% | $277 / Sq Ft |
| 12/08/2023 12/08/23 | Price Changed | $999,000 | -4.8% | $284 / Sq Ft |
| 11/07/2023 11/07/23 | Price Changed | $1,049,000 | -4.5% | $298 / Sq Ft |
| 10/16/2023 10/16/23 | Price Changed | $1,099,000 | -4.4% | $312 / Sq Ft |
| 09/13/2023 09/13/23 | Price Changed | $1,149,500 | -4.2% | $326 / Sq Ft |
| 08/06/2023 08/06/23 | Price Changed | $1,199,500 | -4.0% | $341 / Sq Ft |
| 07/21/2023 07/21/23 | For Sale | $1,250,000 | -- | $355 / Sq Ft |
Source: REcolorado®
Tax History Compared to Growth
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 | $4,969 | $68,030 | $35,830 | $32,200 |
| 2023 | $5,024 | $68,030 | $35,830 | $32,200 |
| 2022 | $3,617 | $50,140 | $24,370 | $25,770 |
| 2021 | $3,748 | $50,140 | $24,370 | $25,770 |
| 2020 | $3,384 | $47,050 | $20,310 | $26,740 |
| 2019 | $3,400 | $47,050 | $20,310 | $26,740 |
| 2018 | $3,003 | $41,830 | $16,670 | $25,160 |
| 2017 | $2,796 | $41,830 | $16,670 | $25,160 |
| 2016 | $2,744 | $41,290 | $15,200 | $26,090 |
| 2015 | $2,806 | $41,290 | $15,200 | $26,090 |
| 2014 | $2,157 | $31,890 | $9,150 | $22,740 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Perez
Map
Source: REcolorado®
MLS Number: 7631391
APN: 2349-360-02-014
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