$1,750,000
Basalt, CO 81621
MLS# 166959
Status: Closed
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Property Description
GREAT OPPORTUNITY to build a legacy home compound on this 21 acre property in the beautiful Frying Pan River Valley just 4.8 miles from downtown Basalt. Enjoy this 21 acre site with great views and beautiful two acre pond with lots of trees. Plenty of water rights (see summary under documents) for housing and irrigation. The property is currently improved with 3 cabins and 5 mobile home pads that that are currently rented month-to-month and produce gross rental income of $75,600 annually with net income after expenses of about $45,000. Enjoy snowmobiling, hiking, mountain biking right outside your door with boating and sailing at Ruedi Reservoir just a few miles up the road.
Details
Maps
Documents
Location Info
Current Price: $1,775,000
Type: Single Family Lot
Sub-Type: N/A
Major Area: Basalt
Area: 05-Frying Pan/Ruedi
Original List Price: 2150000
Asking Price: 1750000
Street #: 4959
Street Name: Frying Pan
Street Suffix: Road
City/Town: Basalt
State/Province: CO
Postal Code: 81621
Keywords Info
Lot Size: Refer to Acreage
Acreage: 20.1 - 34
Listing Info
Listing Date: 2020-09-27
Short Sale: No
REO: No
Foreclosure: No
Auction: No
Member Association: Aspen Association
General Info
List Price Per/Acre: 83174
Sold Price Per/Acre: 84363
Sub/Loc: None
Legal: PARCEL 2, STERKER SUBDIVISION, ACCORDING TO THE PLAT RECORDED JULY 30, 1984 IN BOOK 391 AT PAGE 84, COUNTY OF EAGLE, STA
Lot SqFt: 916502
Nbr of Acres: 21.04
County: Eagle
Zoning: RR-Rural Residential
ADU Allowed: Yes
FAR: No
Sold Price Per/SF: 1.94
Orig List Price Per/SF: 2.35
Parcel #: 246702401001
Directions: Begin at Midland Avenue in downtown Basalt to Frying Pan Road and go 4.8 miles toward Ruedi Reservoir and 1st entrance to the property is on the left just beyond Knight Road. The 2nd entrance is the next left just beyond the pond.
Asking Price Per/SF: 1.91
Financing Info
Metro Tax District: No
Taxes: 20976
Tax Year: 2019
Transfer Tax: No
HOA Dues Y/N: No
Status Change Info
Status: Closed
Under Contract Date: 2021-04-22
Proposed Close Date: 2021-06-07
Sold Date: 2021-06-15
Sold Price: $1,775,000
How Sold: Cash
Remarks
Public Remarks: GREAT OPPORTUNITY to build a legacy home compound on this 21 acre property in the beautiful Frying Pan River Valley just 4.8 miles from downtown Basalt. Enjoy this 21 acre site with great views and beautiful two acre pond with lots of trees. Plenty of water rights (see summary under documents) for housing and irrigation. The property is currently improved with 3 cabins and 5 mobile home pads that that are currently rented month-to-month and produce gross rental income of $75,600 annually with net income after expenses of about $45,000. Enjoy snowmobiling, hiking, mountain biking right outside your door with boating and sailing at Ruedi Reservoir just a few miles up the road.
Property Features
Possible Use: Multi-Family; Ranch; Single Family; Subdivision
Lot Description: Borders Public Land; Flat; Horse Property; Pond, Lake, Stream; Rolling; View; Wooded Lot
Water: Well Installed
Sanitation: Septic
Extras: Pond System
Water Rights: Available; Irrigation
Documents on File: Leases; Survey; Wells Test
Disclosures: Easements; Leases
Terms Offered: Cash
Showing Instructions: 24 Hour Notice; Call Listing Office; Overnight Notice; Short Notice; Vacant
Sign: No
Property Survey 
Listing Office: Coldwell Banker Mason Morse-Aspen
Last Updated: January - 03 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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Broker Attribution:
(970) 925-7000