NOT LISTED FOR SALE

940 Palisade Mountain Dr Drake, CO 80515

Estimated Value: $483,000 - $551,000

3 Beds
2 Baths
1,616 Sq Ft
$318/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $525,000 $325 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,041/month

8 Days on Market

Highlights

  • Mountain View
  • Deck
  • Wood Flooring
  • Big Thompson Elementary School Rated A-
  • Cathedral Ceiling
  • Main Floor Bedroom

About This Home

As of June 2023

If you have always dreamed of owning a cabin with mountain views, this is your opportunity! After a day of enjoying the outdoors, come home and relax on your deck with views of Longs Peak, Mount Meeker, the Sharkstooth, and the Mummy Range - or spend the evening enjoying the firepit in the yard. The cabin boasts a newly renovated primary bathroom, as well as the addition of air conditioning. There's still room to create your own custom living space in the lower level, which presents a blank canvas of unfinished space, offering many possibilities for customization. Make this your dream home or your mountain getaway!

Last Agent to Sell the Property

Nicole White

eXp Realty - Inspired Living Group Listed on: 05/01/2023

eXp Realty - Inspired Living Group

Last Buyer's Agent

T.R. Smith

Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins

Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,133

Year Built

  • Built in 1998

Lot Details

  • 0.9 Acre Lot
  • Dirt Road
  • Southwest Facing Home
  • Rock Outcropping
  • Sloped Lot

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Cabin
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,616 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Window Treatments
  • Bay Window
  • Loft
  • Wood Flooring
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Primary bathroom on main floor
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Outdoor Storage

Schools

  • Big Thompson Elementary School
  • Clark Middle School
  • Thompson Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Pellet Stove burns compressed wood to generate heat
  • Baseboard Heating
  • Propane
  • Septic Tank
  • Satellite Dish

Community Details

  • Cedar Springs Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number R0467073

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,133

Year Built

Built in 1998

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Year Built: 1998
  • Property Sub Type: Residential-Detached
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 0.9
  • Road Surface Type: Dirt, Gravel
  • Subdivision Name: CEDAR SPRINGS ESTATES
  • Directions: Take Hwy 34 East. Turn left onto Co Rd 43. Turn right onto Storm Mountain Dr. Turn right onto Palisade Mountain Dr. Property will be on the right hand side.
  • Above Grade Finished Sq Ft: 944
  • Architectural Style: Cabin
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Kitchen Level: Main
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1616
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
  • Accessibility Features: Main Floor Bath, Main Level Bedroom, Stall Shower, Main Level Laundry
  • Has Basement: Full, 25%+Finished Basement, Walk-Out Access
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 672
  • Fireplace Features: Pellet Stove
  • Fireplace: Yes
  • Flooring: Wood Floors
  • Interior Amenities: Satellite Avail, Eat-in Kitchen, Cathedral/Vaulted Ceilings, Walk-In Closet(s), Loft
  • Living Area: 1125
  • Window Features: Window Coverings, Bay Window(s), Double Pane Windows
  • Room Bedroom3 Features: Carpet
  • Dining Room Features: Wood Floor
  • IRESDS_HasFamilyRoom: No
  • Living Room Living Room Level: Main
  • Room Bedroom3 Area: 110
  • Master Bedroom Master Bedroom Level: Upper
  • Room Bedroom2 Area: 100
  • Room Bedroom3 Level: Lower
  • Master Bedroom Master Bedroom Width: 14
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Wood Floor
  • Master Bedroom Features: Wood Floor
  • Room Kitchen Features: Wood Floor
  • Room Living Room Area: 182
  • Living Room Features: Wood Floor
  • Room Kitchen Area: 110
  • Dining Room Dining Room Level: Main
  • Room Master Bedroom Area: 182
  • Room Dining Room Area: 77
  • Master Bathroom Features: 3/4 Primary Bath
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Metal
  • Lot Features: Sloped, Rock Outcropping
  • View: Mountain(s), Foothills View
  • Waterfront: No
  • Construction Type: Wood/Frame, Wood Siding
  • Direction Faces: Southwest
  • Other Structures: Storage
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Attached Garage: No
  • IRESDS_GarageType: None

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Electric: Electric
  • Heating: Forced Air, Baseboard, 2 or more Heat Sources
  • Utilities: Electricity Available, Propane
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic Vault
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 50
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: Yes

Schools

  • Elementary School: Big Thompson
  • HighSchool: Thompson Valley
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Clark (Walt)

Lot Info

  • Zoning: O
  • Lot Size Sq Ft: 39204
  • Parcel #: R0467073
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2133.08

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Jun 23, 2023
Sold by
Solvason Dean Evan
Bought by
Hobby Jason D and Hobby Lyndi
Seller's Agent
Nicole White
eXp Realty - Inspired Living Group
Buyer's Agent
T.R. Smith
Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins
List Price
$525,000
Sold Price
$525,000
Views
18
Current Estimated Value
$513,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,565
Avg. Annual Appreciation
-1.00%
Original Mortgage
$140,250
Outstanding Balance
$136,771
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$376,664

Purchase Details

Listed on
Sep 25, 2019
Closed on
Nov 21, 2019
Sold by
Lingreen Diane L and Lingreen Michael D
Bought by
Solvason Natalie Ann and Solvason Dean Evan
Seller's Agent
Wayne Kohl
eXp Realty LLC
Buyer's Agent
Nicole White
eXp Realty - Inspired Living Group
List Price
$339,900
Sold Price
$334,900
Premium/Discount to List
-$5,000
-1.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.34%
Original Mortgage
$159,900
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2003
Sold by
Deutsche Bank National Trust Co
Bought by
Lingreen Diane L and Lingreen Michael D

Purchase Details

Closed on
Feb 5, 2003
Sold by
Rivas Jerry and Rivas Debra
Bought by
Deutsche Bank National Trust Co and Bankers Trust Co Of California Na

Purchase Details

Closed on
Dec 18, 1997
Sold by
Waters Lois M
Bought by
Rivas Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,804
Interest Rate
7.13%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Hobby Jason D $525,000 Ascent Escrow & Title
Solvason Natalie Ann $334,900 Heritage Title Company
Lingreen Diane L $162,000 --
Deutsche Bank National Trust Co $176,959 --
Rivas Jerry $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hobby Jason D $140,250
Previous Owner Solvason Natalie Ann $159,900
Previous Owner Rivas Jerry $163,800
Previous Owner Rivas Jerry $144,000
Previous Owner Rivas Jerry $117,400
Previous Owner Rivas Jerry $24,361
Previous Owner Rivas Jerry $111,804
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $525,000 0.0% $325 / Sq Ft
05/01/2023 05/01/23 For Sale $525,000 +56.8% $325 / Sq Ft
02/19/2020 02/19/20 Off Market $334,900 -- --
11/21/2019 11/21/19 Sold $334,900 -1.5% $207 / Sq Ft
09/25/2019 09/25/19 For Sale $339,900 -- $210 / Sq Ft
Source: IRES MLS

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
2025 $3,129 $33,433 $3,819 $29,614
2024 $2,942 $32,395 $3,819 $28,576
2022 $2,133 $20,517 $2,516 $18,001
2021 $2,186 $21,107 $2,588 $18,519
2020 $1,752 $16,846 $2,360 $14,486
2019 $1,730 $16,846 $2,360 $14,486
2018 $1,530 $14,213 $2,052 $12,161
2017 $1,368 $14,213 $2,052 $12,161
2016 $1,172 $11,916 $1,751 $10,165
2015 $1,161 $11,910 $1,750 $10,160
2014 $965 $10,040 $2,070 $7,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 986702

IRES MLS

APN: 16263-22-007