NOT LISTED FOR SALE

940 the Summit Trail Edwards, CO 81632

Estimated Value: $5,614,000 - $5,921,000

6 Beds
6.5 Baths
7,737 Sq Ft
$740/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $5,000,000 $646 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $33,732/month

235 Days on Market

Highlights

  • Golf Course Community
  • Fitness Center
  • Fishing
  • Equestrian Center
  • Spa
  • Golf Course View

About This Home

As of February 2024

Nestled amidst breathtaking natural beauty, 940 The Summit Trail presents an exceptional opportunity to own an amazing home in a prime location. The property offers a perfect blend of tranquility and convenience, making it a true sanctuary for nature lovers and discerning homeowners alike. As you wind your way down the private driveway, you'll be captivated by the awe-inspiring panoramic views that unfold before your eyes. The meticulously designed residence blends seamlessly with its natural surroundings, offering a harmonious fusion of rustic charm and modern elegance. With spacious open living areas, soaring ceilings and large windows, the home has an abundance of natural light and a seamless connection to the outdoors. The gourmet kitchen is a focal point, featuring high-end appliances, custom cabinetry, and an island bar perfect for culinary creations or casual dining. Entertain family and friends in the expansive living room, complete with a custom fireplace and panoramic views that will leave your guests in awe. Retreat to the luxurious master suite, where tranquility and comfort reign supreme. Relax in the spa-like ensuite bathroom, complete with a soaking tub, a walk-in shower, and designer finishes. 5 additional bedrooms and baths provide ample space for family members or guests, ensuring everyone feels right at home. Step outside onto the expansive deck, where you'll find the perfect vantage point to take in the spectacular vistas. Whether you're enjoying your morning coffee, hosting unforgettable gatherings, or simply unwinding in the fresh mountain air, this outdoor space will become your personal haven. Additionally, the property offers easy access to amenities such as the newly renovated Summit Athletic facility and The Summit Clubhouse and Restaurant.

Last Agent to Sell the Property

Brooke Horan-kates

Slifer Smith & Frampton - Hyatt Listed on: 06/12/2023

Last Buyer's Agent

Emily Ferguson

Slifer Smith & Frampton- 230 Bridge Street License #FA100081550

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,092

Year Built

  • Built in 2008

Lot Details

  • 2.18

HOA Fees

  • $283 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Property Views

  • Golf Course
  • Mountain
  • Valley

Home Design

  • Frame Construction
  • Synthetic Roof
  • Wood Siding
  • Log Siding
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 7,737 Sq Ft Home
  • 3-Story Property
  • Partially Furnished
  • Vaulted Ceiling
  • Gas Fireplace

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Balcony
  • Patio

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Septic Tank
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Additional Features

  • 2.18 Acre Lot
  • Equestrian Center

Listing and Financial Details

  • Legal Lot and Block 4 / 2
  • Assessor Parcel Number 2107-162-05-001
  • Seller Concessions Not Offered

Community Details

Overview

  • Association fees include common area maintenance, management, security, snow removal, trash
  • Cordillera F36 Golden Bear Mdws Subdivision

Amenities

  • Clubhouse
  • Community Center

Recreation

  • Golf Course Community
  • Tennis Courts
  • Pickleball Courts
  • Racquetball
  • Fitness Center
  • Community Pool
  • Community Spa
  • Fishing
  • Trails
  • Snow Removal

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,092

Year Built

Built in 2008

Lot Details

0

HOA Fees

$283 per month

Parking

4

Listing Details

  • Association HOA Fee: 3400.0
  • HOA Fee Frequency: Annually
  • Entry Level: 2
  • Lot Size Acres: 2.18
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Building Stories: 3
  • Year Built: 2008
  • Subdivision Name: Cordillera F36-golden Bear Mdws
  • Garage Yn: Yes
  • Tax Parcel Letter: Yes
  • Financing Information Transfer Fee: 2.0
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Entry Location: 2
  • Furnished: Partially
  • Interior Amenities: Fireplace - Gas, Jetted Bath, Patio, Spa/Hot Tub, Vaulted Ceiling(s), Balcony
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Cooler
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 6
  • Flooring: Carpet, Tile, Wood
  • Living Area: 7737.0
  • ResoLivingAreaSource: Appraiser
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Range: Yes
  • Appliances Included:Refrigerator: Yes
  • Interior Features:Fireplace - Gas: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Range Hood: Yes
  • Interior Features:Patio: Yes
  • Interior Features:SpaHot Tub: Yes
  • Interior Features:Balcony: Yes
  • Neighborhood Features:Community Center: Yes
  • Interior Features:Jetted Bath: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Wine Cooler: Yes

Exterior Features

  • Roof: Synthetic, See Remarks
  • View: Golf Course, Mountain(s), Valley
  • Construction Type: Log, Stone, Wood Siding
  • Foundation Details: Concrete Perimeter
  • Construction:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Attached Garage
  • General Info:Garage2: Yes
  • General Info:_pound_ of Garage Stalls: 4.0
  • Parking:Attached Garage: Yes

Utilities

  • Cooling: None
  • Heating: Natural Gas, Radiant Floor
  • Sewer: Septic Tank
  • Water Source: Public
  • Laundry Features: Other
  • Cooling Y N: No
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Satellite, Snow Removal, Trash, Water Available
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes
  • Heating:Radiant Floor: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Clubhouse, Community Center, Cross Country Trail(s), Equestrian Center, Fishing, Fitness Center, Golf, Pool, Tennis Court(s), Trail(s), Pickleball Courts
  • Amenities: Clubhouse, Fitness Center, Pool, Racquetball, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 3400.0
  • Association Fee Frequency: Annually

Association/Amenities

  • HOAComm Amenities:Fitness Center: Yes
  • HOAComm Amenities:Pool2: Yes
  • HOAComm Amenities:SpaHot Tub2: Yes
  • AssociationHOA Fee Includes:Common Area Maintenance: Yes
  • AssociationHOA Fee Includes:Management: Yes
  • AssociationHOA Fee Includes:Snow Removal2: Yes
  • Documents:Association Documents: Yes
  • HOAComm Amenities:Clubhouse: Yes
  • HOAComm Amenities:Racquetball: Yes
  • HOAComm Amenities:Tennis Court(s): Yes
  • AssociationHOA Fee Includes:Security: Yes
  • Keywords Info:Association YN: Yes
  • AssociationHOA Fee Includes:Trash2: Yes

Fee Information

  • Association Fee Includes: Common Area Maintenance, Management, Security, Snow Removal, Trash

Lot Info

  • Lot Size Sq Ft: 94960.0
  • Parcel #: 2107-162-05-001
  • Land Lease: No
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 27092.28
  • Tax Block: 2
  • Tax Lot: 4
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2023
Closed on
Feb 23, 2024
Sold by
Ponce S Daniel S and Ponce Nancy S
Bought by
Herzog Daryl Francis
Seller's Agent
Brooke Horan-kates
Slifer Smith & Frampton - Hyatt
Buyer's Agent
Emily Ferguson
Slifer Smith & Frampton- 230 Bridge Street
List Price
$5,250,000
Sold Price
$5,000,000
Premium/Discount to List
-$250,000
-4.76%
Views
152
Current Estimated Value
$5,724,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$724,301
Avg. Annual Appreciation
7.92%

Purchase Details

Closed on
Aug 3, 2016
Sold by
Sansom John and Sansom Carolyn
Bought by
Ponce S Daniel and Ponce Nancy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
2.72%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 19, 2008
Sold by
Lyle James A and Lyle Carol L
Bought by
Sansom John and Sansom Carolyn

Purchase Details

Closed on
Jun 29, 2001
Sold by
The Paintbrush Group Llc
Bought by
Lyle James A and Lyle Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.16%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 23, 2000
Sold by
Squaw Creek Realty Corp
Bought by
The Paintbrush Group Llc
Source: Public Records

Range of Values:

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Average Value
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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
Herzog Daryl Francis $5,000,000 Land Title
Ponce S Daniel $2,550,000 Land Title Guarantee Company
Sansom John $362,500 Stewart Title
Lyle James A $500,000 Stewart Title
The Paintbrush Group Llc $365,000 Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ponce S Daniel S $2,050,000
Previous Owner Ponce S Daniel $700,000
Previous Owner Sansom John $750,000
Previous Owner Lyle James A $394,048
Previous Owner Lyle James A $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $5,000,000 -4.8% $646 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
10/16/2023 10/16/23 For Sale $5,250,000 0.0% $679 / Sq Ft
10/13/2023 10/13/23 Off Market $5,250,000 -- --
10/05/2023 10/05/23 Price Changed $5,250,000 -4.5% $679 / Sq Ft
08/10/2023 08/10/23 Price Changed $5,495,000 -3.5% $710 / Sq Ft
06/12/2023 06/12/23 For Sale $5,695,000 -- $736 / Sq Ft
Source: Vail Multi-List Service

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 $27,092 $335,450 $34,460 $300,990
2023 $27,092 $335,450 $34,460 $300,990
2022 $19,485 $188,930 $8,340 $180,590
2021 $25,807 $194,370 $8,580 $185,790
2020 $28,628 $198,240 $14,300 $183,940
2019 $28,562 $198,240 $14,300 $183,940
2018 $26,988 $183,600 $15,260 $168,340
2017 $25,422 $183,600 $15,260 $168,340
2016 $31,373 $229,620 $14,330 $215,290
2015 -- $229,620 $14,330 $215,290
2014 $27,136 $181,640 $15,760 $165,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Vail Multi-List Service

MLS Number: 1007508

Vail Multi-List Service

APN: R050883