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760 Promontory Lane

760 Promontory Lane, Basalt, CO 81621
Property in Eagle
Sold Sep 04, 2020
$1,095,000
$876,000 by Alpine Bank
Mortgage Due Oct 01, 2050
Sold Jan 31, 2001
$685,000
760 Promontory Lane has been categorized by the local assessors in Basalt, CO as a residential type of property. The building on the property was first built in 1998 and is 26 years old. However, we must point out that the home was most recently renovated and altered in 2003. The home has a total of 6 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 760 Promontory Lane has 2,275 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,380 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 1,786 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 287 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a spa or hot tub but no pool on the property. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable or hip style roof made of metal. The exterior walls of the building are made of a combination of material. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a radiant heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 760 Promontory Lane sold most recently in Sep 3, 2020 for a total of $1,095,000. If you work out the math, that's approximately a cost of $351.75 per sqft. Before that, the property was also sold for $685,000 in Jan 25, 2001. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,909 in taxes each year. 760 Promontory Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $100,200. If we break it down further, the land itself was valued at $11,930. Improvements to the property, however, were assessed at a total of $88,270. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Ceramic
  • Basement Type: Full basement
  • Basement Area: 1,380
  • Garage Type: Garage
  • Garage Square Area: 287
  • Parking Space Count: 2
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 1,786
  • Total Building Area: 3,113
  • Gross Building Area: 3,113
  • Building Area: 2,275
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Radiant
  • Heated Square Feet: 2,275
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILDS PUD (THE)
  • Land Acres: 0.041
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBDIVISION: WILDS PUD (THE) UNIT: 37 BLDG 13

Ownership

  • Current Owner : SHAH ALANA
  • Current Owner 2: SHAH RAHUL
  • Previous Owner : THE ANN NICHOLS LIVING TRUST
  • Owner Before Previous Owner: DEER RUN LLP
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Roaring Fork School District RE-1
  • Census Tract: 000302

Geography

  • Account Number: R064257
  • Parcel: R064257
  • Meridian: SEC 07 QTR 1 TWN 8S RNG 86W
  • Municipality: 003
  • Latitude: 39.372
  • Longitude: -107.038

    Address

  • Full Address: 760 Promontory Ln
  • Legal Unit: 37
  • Address - House Number: 760
  • Address - Street Name: Promontory
  • Address - Suffix Type: Ln
  • State: CO
  • City Name: Basalt
  • Carrier Code: R003
  • 4-Digit Zip Code: 8330
  • Zip Code: 81621

Valuation

    Tax

  • Total Area: 2,088
  • Tax Year: 2022
  • Tax Amount: $6,909
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 1,928,383
  • High Value: 2,354,090
  • Low Value: 1,502,676

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $876,000
  • First Open Lien Mortgage Lender: ALPINE BANK
  • First Open Lien Mortgage Recording Date: Sep 04, 2020
  • First Open Lien Mortgage Loan Amount: $876,000
  • 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, 2050

    Market Valuation

  • Market Total Value: $1,495,560
  • Market Land Value: $178,090
  • Market Improvement Value: $1,317,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,200
  • Assessed Land Value: $11,930
  • Assessed Improvements Value: $88,270

    Sales

  • Current Sale Contract Date: Sep 03, 2020
  • Current Sale Recording Date: Sep 04, 2020
  • Current Sale Transaction ID: 11785046929
  • Current Sale Price: $1,095,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202015132
  • Previous Sale Recording Date: Jan 31, 2001
  • Previous Sale Contract Date: Jan 25, 2001
  • Previous Sale Amount: $685,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALPINE BANK
  • First Mortgage Transaction Date: Sep 04, 2020
  • First Mortgage Loan Amount: $876,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

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Frequently Asked Questions

What neighborhood is 760 Promontory Lane located in?
The 760 Promontory Lane is a located in the neighborhood of Eagle in Basalt, Basalt.
What is the average sales price for listings in 760 Promontory Lane?
The average sales price for units in 760 Promontory Lane is $0 currently.

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