NOT LISTED FOR SALE

861 Balsam Dr Cimarron, CO 81220

Estimated Value: $626,000 - $685,000

3 Beds
2 Baths
2,227 Sq Ft
$293/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $505,000 $227 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,631/month

91 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Furnished
  • Living Room with Fireplace
  • 1.5-Story Property
  • Granite Countertops

About This Home

As of October 2023

Fully furnished mountain home in the well established Arrowhead community. Enjoy the 744 square feet of additional living space above the garage in addition to the main house living space. In the main house you will be greeted with plenty of natural light and tongue and groove vaulted ceilings. In the kitchen you will find all brand new appliances that will stay with the home. Enjoy the lovely views from the upper level boasting an amazing loft area great for those quite peaceful mornings. This beautiful cabin is setback away from the roads and tucked into the tranquil sounds of the wooded area. Picturesque views from the three, multilevel, decks. Off the spacious primary bedroom step out side into the fresh mountain air and relax in your New hot tub. This property comes with a detached oversized garage pull through garage with the bonus space above. Only minutes away from the winter parking lot, you can enjoy this cabin in the winter time for a nice winter wonderland retreat. The Polaris Expedition 1000 Side by side is negotiable. Brand new appliances, Renewal by Anderson window and doors have recently been installed August 2024 with lifetime transferable warranty. The Arrowhead community offers three lakes/ponds that you can enjoy as well as trails for biking or riding your atv or side by sides on. Enjoy a warm meal at the lodge or sit outside and listen to the music provided by the bands that the lodge brings in during the summer weekends. This community offers several events and get togethers throughout the year so take a look at what they have to offer and enjoy this amazing community. Enjoy year round trips to the wonderful Blue Mesa Reservoir for fishing. Big Game hunting only minuets away from the community. HOA maintained nordic cross country ski track. Revel at the natural sites of the Black Canyon. Ski the slopes of Telluride or Monarch for a quick day trip or Bask in the sun in the Hot springs of Ouray, Co or listen to the sounds of Box Canyon.

Last Agent to Sell the Property

Shawn Vang

HomeSmart Realty Partners Listed on: 06/02/2023

HomeSmart Realty Partners

Last Buyer's Agent

Montrose NON MEMBER

NON-MEMBER/FSBO Montrose

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,682

Year Built

  • Built in 1981

Lot Details

  • 0.75 Acre Lot
  • Seasonal Access to Property
  • Wooded Lot

HOA Fees

  • $40 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Home Design

  • 1.5-Story Property
  • Concrete Foundation
  • Metal Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 2,227 Sq Ft Home
  • Furnished
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck

Schools

  • Gunnison 1-5 Elementary School
  • Gunnison 6-8 Middle School
  • Gunnison 9-12 High School

Utilities

  • Pellet Stove burns compressed wood to generate heat
  • Baseboard Heating
  • Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet
  • Internet Available
  • Phone Available

Community Details

  • Arrowhead HOA
  • Arrowhead Subdivision

Listing and Financial Details

  • Assessor Parcel Number 404907006027

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,682

Year Built

Built in 1981

Lot Details

0

HOA Fees

$40 per month

Listing Details

  • Appliance Inclusions: Refrigerator, Washer, Dishwasher, Disposal, Dryer, Microwave, Range/Oven
  • Estimated Total Acres: 0.75
  • Class: RESIDENTIAL
  • Em Deposit: 5000
  • Em Holder: Land Title Guarantee Comp
  • Exterior Inclusions: Deck, Balcony
  • Interior Inclusions: All Furnishings, Granite Counters
  • Legal Lot Block: LOT 11 BLK 14 ARROWHEAD FILING 1 #578343
  • Lot Size Acreage: .5 - .99
  • Parcel Id Number: 404907006027
  • Price Per Sq Ft: 226.76
  • Property Description: Wooded Lot
  • Real Estate Included: Yes
  • Residence Stories: 1.5 Story
  • Residence Style: Ranch
  • Sale/Rent: For Sale
  • Siding: Wood
  • Sold Price Sq Ft: 226.76
  • Street Descriptionaccess: Private, Seasonal, Gravel, Dirt
  • Street Designation: Drive
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Access: Seasonal
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Service: Yes
  • Total Taxes Dollar: 1682
  • Year Built: 1981
  • Foreign Owned Y N: No
  • Prop Description Remarks: PRICE REDUCTION, Motivated Sellers!!! Fully furnished mountain retreat in well established community of Arrowhead. House features tongue and groove vaulted ceilings with a beautiful open loft on the second floor, ATT cell booster added in 2021 boasting 5 bars of 5G LTE service, and a new roof added in 2021 as well. Picturesque views from the three, multilevel, decks. Sit out in the mountain air and enjoy the abundant wildlife that passes by. This beautiful cabin is on a .75 acre lot set back in the trees, away from the road for added privacy. The property comes with a 2-car over-sized garage with a pull through space on one side. The garage also includes a bonus room above to enjoy as a game room, exercise room, or craft room. The main house is 2227 sq ft and the bonus area above the garage adds an additional 741 sq ft. Enjoy the spacious fire pit out front on the beautiful Colorado evenings. Only minutes from the winter parking lot, this Cabin is a great winter escape as well or full time residence. Many updates to the property. Move in ready to start enjoying the beautiful Colorado summers now! New carpet through out entire house and updated shower in downstairs bathroom. VA Assumable with a low rate. This property won't last long. Schedule a showing today.
  • Subdv Name: Arrowhead
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 18

Interior Features

  • Dining Room: Living Room Dining
  • Bedrooms: 3
  • Flooring: Tile, Carpet-Partial
  • Estimated Total Sq Ft: 2227
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 2
  • Fireplace Location Type: Living Room, Pellet
  • Foundation: Concrete
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0

Exterior Features

  • Construction Type: Wood Frame, Wood
  • Exterior Structures: Garage
  • Roof: Metal

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Phone - Landline, Internet - DSL, Phone - Cell Reception
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Propane
  • Heating System: Pellet Stove, Electric Baseboard
  • Sewer Supplier: Septic
  • Water Heater: Electric Water Heater
  • Water Supplier: Arrowhead Ranch Water Company

Condo/Co-op/Association

  • HOA: Yes
  • Hoametro Fees: 40
  • HOA Metro Fees Frequency: Monthly
  • Hoa Name: ArrowHead

Schools

  • High School: Gunnison 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

MLS Schools

  • Elementary School: Gunnison 1-5
  • Middle School: Gunnison 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 16, 2020
Sold by
Bird Steven C and Peterson Russel M
Bought by
Holt Elisha and Holt Margaret
Seller's Agent
Jeri Simms
Tamarack at Arrowhead, Inc
Buyer's Agent
Shawn Vang
HomeSmart Realty Partners
List Price
$329,000
Sold Price
$329,500
Premium/Discount to List
$500
0.15%
Current Estimated Value
$652,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,940
Avg. Annual Appreciation
14.01%
Original Mortgage
$337,078
Outstanding Balance
$299,134
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$353,306

Purchase Details

Closed on
May 10, 2005
Sold by
Nolde Jack D
Bought by
Nolde Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2003
Sold by
Nolde Jerry A
Bought by
Nolde Michael A and Nolde Darlene R

Purchase Details

Closed on
Jul 24, 2000
Sold by
Doss Kenneth E
Bought by
Nolde Anita F Family Trust

Purchase Details

Closed on
Jul 14, 1993
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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
Holt Elisha $329,500 None Available
Nolde Carol J -- None Available
Nolde Michael A -- --
Nolde Anita F Family Trust $265,000 --
-- $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holt Elisha $337,078
Previous Owner Nolde Carol J $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/13/2025 09/13/25 Price Changed $674,900 -3.2% $303 / Sq Ft
06/11/2025 06/11/25 Price Changed $697,500 -3.8% $313 / Sq Ft
05/27/2025 05/27/25 Price Changed $725,000 -6.5% $326 / Sq Ft
03/02/2025 03/02/25 For Sale $775,000 +53.5% $348 / Sq Ft
10/27/2023 10/27/23 Sold $505,000 -2.7% $227 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
07/29/2023 07/29/23 Price Changed $519,000 -3.7% $233 / Sq Ft
06/17/2023 06/17/23 Price Changed $539,000 -7.1% $242 / Sq Ft
06/02/2023 06/02/23 Price Changed $579,900 -3.3% $260 / Sq Ft
06/02/2023 06/02/23 For Sale $599,900 +82.1% $269 / Sq Ft
10/16/2020 10/16/20 Sold $329,500 +0.2% $148 / Sq Ft View Prior Sale
09/07/2020 09/07/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $329,000 0.0% $148 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $329,000 -- $148 / Sq Ft
Source: Colorado Real Estate Network (CREN)

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 $2,050 $43,520 $6,460 $37,060
2023 $2,050 $39,840 $5,910 $33,930
2022 $1,682 $28,460 $3,650 $24,810
2021 $1,514 $29,280 $3,750 $25,530
2020 $1,425 $26,000 $2,970 $23,030
2019 -- $26,000 $2,970 $23,030
2018 -- $26,370 $2,700 $23,670
2017 -- $26,370 $2,700 $23,670
2016 -- $34,360 $3,540 $30,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 804185

Colorado Real Estate Network (CREN)

APN: R011229