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324 Summerset Way

324 Summerset Way, Basalt, CO 81621
Property in Pitkin
Sold Sep 05, 2023
$2,920,125
$1,150,000 by Morgan Stanley Private Bank Na
Mortgage Due Oct 01, 2053
Sold Jun 01, 2021
$1,295,000
$971,250 by Alpine Bank
Mortgage
324 Summerset Way in Basalt, CO was first built in 2000 and is 24 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 324 Summerset Way has 5,044 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,350 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable or hip style roof made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 552 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B+. The exterior walls of the home are made of wood siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 324 Summerset Way was last sold in Sep 5, 2023 for $2,920,125. According to our calculations, that's $1,157.86 per sqft. Prior to that sales transaction, the property was sold for $1,295,000 in May 28, 2021. Current property owners are expected to pay $10,663 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 324 Summerset Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $131,640. To break that down further, the land itself was valued at $30,210. While improvements to the property were assessed at a total of $101,430. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B+
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 552
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,350
  • Total Building Area: 2,522
  • Gross Building Area: 3,144
  • Building Area: 2,522
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 5,044
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SOUTHSIDE PUD PHASE I
  • Land Acres: 0.169
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBDIVISION: SOUTHSIDE PUD PHASE I BLOCK: 6 LOT: 6

Ownership

  • Current Owner : DUCH STEFANIE
  • Current Owner 2: PETERSON ERIK
  • Previous Owner : THOMSON SHAWN S
  • Previous Owner 2: CAREY SARAH
  • Owner Before Previous Owner: THE KARA LYN LIZOTTE TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Roaring Fork School District RE-1
  • Census Tract: 000102

Geography

  • Account Number: R016418
  • Subdivision Phase Number: 1
  • Parcel: 246718110006
  • Block: 6
  • Lot: 6
  • Municipality: JT1-SWZB
  • Latitude: 39.3604
  • Longitude: -107.036

    Address

  • Full Address: 324 Summerset Way
  • Address - House Number: 324
  • Address - Street Name: Summerset
  • Address - Suffix Type: Way
  • State: CO
  • City Name: Basalt
  • Carrier Code: R003
  • 4-Digit Zip Code: 9175
  • Zip Code: 81621

Valuation

    Tax

  • Total Area: 2,522
  • Tax Year: 2023
  • Tax Amount: $10,663
  • Intital Tax Deliquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.2284
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 68
  • Final Value: 2,920,124
  • High Value: 3,587,201
  • Low Value: 2,253,048

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,150,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Sep 05, 2023
  • First Open Lien Mortgage Loan Amount: $1,150,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2053

    Market Valuation

  • Market Total Value: $1,946,000
  • Market Land Value: $446,600
  • Market Improvement Value: $1,499,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,640
  • Assessed Land Value: $30,210
  • Assessed Improvements Value: $101,430

    Sales

  • Current Sale Contract Date: Sep 05, 2023
  • Current Sale Recording Date: Sep 05, 2023
  • Current Sale Transaction ID: 11912566415
  • Current Sale Price: $2,920,125
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 697216
  • Previous Sale Recording Date: Jun 01, 2021
  • Previous Sale Contract Date: May 28, 2021
  • Previous Sale Amount: $1,295,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Sep 05, 2023
  • First Mortgage Loan Amount: $1,150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: ALPINE BANK
  • Previous Mortgage Transaction Date: Jun 01, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $971,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Credit Line (Revolving)

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Frequently Asked Questions

What neighborhood is 324 Summerset Way located in?
The 324 Summerset Way is a located in the neighborhood of Pitkin in Basalt, Basalt.
What is the average sales price for listings in 324 Summerset Way?
The average sales price for units in 324 Summerset Way is $0 currently.

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