NOT LISTED FOR SALE

Estimated Value: $2,948,000 - $4,842,949

4 Beds
5 Baths
4,133 Sq Ft
$990/Sq Ft Est. Value

Last Sold October 25, 2018

Last sale price $3,400,000 $823 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $22,931/month

Highlights

  • Horses Allowed On Property
  • River Front
  • Lake View
  • Crested Butte Community School Rated A-
  • Home fronts a pond
  • 35 Acre Lot

About This Home

As of October 2018

Nestled alongside soaring Aspens on the East River is the truly incredible, private estate of 507 South Ranch Road. The serene, park-like grounds of the thoughtfully laid out 35 acres are experienced upon arrival as the tranquil sounds of nature mix with the gentle rush of the East River and multiple natural waterfalls throughout. In the summer, enjoy one and one-half miles of direct East River access for prime rainbow trout fishing or tube down the river, cross the custom bridge to the island centered in the East River to explore or host a dinner under the stars. Dip your toes or kayak in the small lake with its very own island, enjoy mountain views and wildflowers via horseback and so much more. Winter brings a magical time as the landscape is dusted with snow, wildlife dons winter coats and the pond prepares for ice skating. The awe-inspiring nature may be experienced from the 4,133-square-foot home, designed by famed Colorado architect, Dan Murphy, complete with multiple screened decks and upper outdoor living spaces. Amazing attention to detail has gone into every aspect of this custom home. The antique doors, transoms and inset windows derived from San Antonio and meticulously refinished reclaimed wooden floors from Missouri give the home, with its three en-suite bedrooms and secondary upstairs master, a luxurious, lived-in feel. The chef’s kitchen with curated marble and teak countertops, Viking stove and Sub-Zero refrigerator and freezer opens to the dining and grand living area made cozy by the crackling winter fireplace or songs of birds emanating through open doors that lead to the decks during spring. In adding to the home’s peaceful setting and beautiful grazing land that comprises the estate’s 35 acres which allows for the solitude and enjoyment of all that Colorado nature provides. With sweeping views and abundant wildlife, it’s difficult to believe that Mount Crested Butte, downtown and one of the nation’s top-rated golf courses are mere minutes away, making this exceptional property truly extraordinary.

Last Agent to Sell the Property

Kiley Flint

LIV Sotheby's International Realty - CB Listed on: 02/02/2018

LIV Sotheby's International Realty - CB

Last Buyer's Agent

James Watt

Crested Butte Resort Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,987

Year Built

  • Built in 2003

Lot Details

  • 35 Acre Lot
  • Home fronts a pond
  • River Front
  • Landscaped
  • Wooded Lot

HOA Fees

  • $292 Monthly HOA Fees

Property Views

  • Lake
  • Creek or Stream
  • Mountain

Home Design

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

Interior Spaces

  • 4,133 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wood Frame Window
  • Living Room with Fireplace
  • Screened Porch
  • Crawl Space
  • Home Security System

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Slate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Bedroom
  • Walk-In Closet
  • 5 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Schools

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

Utilities

  • Heating System Uses Wood
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Irrigation Water Rights
  • Well
  • Propane Water Heater
  • Septic Tank
  • Septic System
  • Internet Available
  • Phone Available

Additional Features

  • Patio
  • Horses Allowed On Property

Community Details

  • Association fees include road maintenance
  • East River Ranches HOA

Listing and Financial Details

  • Assessor Parcel Number 325700004008

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,987

Year Built

Built in 2003

Lot Details

0

HOA Fees

$292 per month

Listing Details

  • Appliance Inclusions: Refrigerator, Washer, Oven-Wall, Dishwasher, Disposal, Dryer, Microwave, Range/Oven
  • Estimated Total Acres: 35
  • Class: RESIDENTIAL
  • Em Deposit: 150,000.00
  • Em Holder: Title Company
  • Exterior Inclusions: Landscaping, Patio, Screened-in Porch
  • Fronts: East River
  • Interior Inclusions: Jetted Tub, Pantry, Security System, Walk In Closet, Garage Door Opener, Air Lock Entry
  • Legal Lot Block: Lot 8 East River Ranches Subdivision #504953
  • List Price per Sq Ft: 889.18
  • Livestock Allowed: Horses
  • Lot Size Acreage: 35+
  • Parcel Id Number: 325700004008
  • Price Per Sq Ft: 822.65
  • Property Attached: Yes
  • Property Description: Wooded Lot, Boundaries Surveyed
  • Real Estate Included: Yes
  • Residence Stories: Two Story
  • Sale/Rent: For Sale
  • Siding: Wood, Stone
  • Sold Price Sq Ft: 822.65
  • Street Descriptionaccess: Private, Gravel, Private Winter Maintenanc
  • Street Designation: Road
  • Waterfront Type: Pond, River
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Access: Year Round
  • HOA Fees: Yes
  • Internet Provider: Century Link
  • Internet Service: Yes
  • Lvt Date: 02/02/2018
  • Total Taxes Dollar: 3,987.03
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Bedrooms: 4
  • Flooring: Carpet-Partial, Hardwood, Slate
  • Estimated Total Sq Ft: 4133
  • Full Bathrooms: 5
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 5
  • Fireplace Location Type: Living Room, Bedroom
  • Foundation: Stemwall, Crawl Space, Permanent
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Windows: Clad, Wood
  • Construction Type: Wood Frame
  • Roof: Wood Shingle, Metal
  • Views: Lake/Pond/Reservoir, Mountains, Stream/River
  • Waterfront: Yes

Garage/Parking

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

Utilities

  • Utilities: Electric, Phone - Landline, Propane-Tank Leased, Internet, Phone - Cell Reception
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: AmeriGas
  • Heating System: Floor Radiant
  • Irrigation Water Description Amount: SLO
  • Irrigation Water District: SLO
  • Sewer Supplier: Septic
  • Water Heater: Propane Water Heater
  • Water Rights Irrigation: Yes
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 212098

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Road Maintenance
  • Hoametro Fees: $3,500
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: East River Ranches

Schools

  • High School: Crested Butte Community K-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2017

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
Feb 2, 2018
Closed on
Oct 25, 2018
Sold by
Toudouze Thomas P and Toudouze Edythe H
Bought by
Musselman James C and Musselman Julianne S
Seller's Agent
Kiley Flint
LIV Sotheby's International Realty - CB
Buyer's Agent
James Watt
Crested Butte Resort Real Estate
List Price
$3,995,000
Sold Price
$3,400,000
Premium/Discount to List
-$595,000
-14.89%
Current Estimated Value
$4,091,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$691,983
Avg. Annual Appreciation
2.68%

Purchase Details

Closed on
Aug 19, 2008
Sold by
Wallace Thomas C and Wallace Kathleen M
Bought by
Toudouze Thomas P and Toudouze Edythe H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,350
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2000
Sold by
Capital 1031 Exchange Co
Bought by
Toudouze Thomas P

Purchase Details

Closed on
Oct 1, 1998
Sold by
Garland Properties
Bought by
Capitol 1031 Exchange Co
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
Musselman James C $3,400,000 Land Title Guarantee Co
Toudouze Thomas P $625,000 None Available
Toudouze Thomas P -- --
Capitol 1031 Exchange Co $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Toudouze Thomas P $9,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2018 10/25/18 Sold $3,400,000 -7.5% $823 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
07/24/2018 07/24/18 Price Changed $3,675,000 -8.0% $889 / Sq Ft
02/02/2018 02/02/18 For Sale $3,995,000 -- $967 / 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 $14,146 $237,240 $53,400 $183,840
2023 $14,146 $233,560 $52,600 $180,960
2022 $10,440 $153,500 $37,910 $115,590
2021 $9,264 $158,040 $39,120 $118,920
2020 $6,902 $119,040 $35,550 $83,490
2019 $6,746 $119,040 $35,550 $83,490
2018 $3,947 $67,300 $23,840 $43,460
2017 $3,987 $67,300 $23,840 $43,460
2016 $2,963 $53,250 $21,550 $31,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 741296

Colorado Real Estate Network (CREN)

APN: R032809