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1470 Lake Creek Road

1470 Lake Creek Road, Edwards, CO 81632
Property in Eagle
Sold Oct 19, 2020
$4,020,000
$1,200,000 by Midwest Bank Centre
Mortgage Due Jun 01, 2051
Sold Jul 12, 1994
$217,000
1470 Lake Creek Road has been categorized by the local assessors in Edwards, CO as a residential type of property. The building on the property was first built in 2003 and is 21 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1470 Lake Creek Road has 5,211 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 194,278 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bi-level style.

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 1,208 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying both a open porch and a patio. 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 materials that we aren't sure of. The exterior walls of the building are made of rock and stone. 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. 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. 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, 1470 Lake Creek Road was last sold in Oct 19, 2020 for $4,020,000. According to our calculations, that's $567.48 per sqft. Prior to that sales transaction, the property was sold for $217,000 in Jul 12, 1994. Current property owners are expected to pay $15,060 in taxes per year. The property on 1470 Lake Creek Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $338,500. To break that down further, the land itself was valued at $132,560. While improvements to the property were assessed at a total of $205,940. 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: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 25
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Rock and stone
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 1,208
  • Parking Space Count: 4
  • Patio Type: Patio
  • Porch Type: Open porch
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 194,278
  • Total Building Area: 7,084
  • Gross Building Area: 7,084
  • Building Area: 5,211
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Radiant
  • Heated Square Feet: 5,211
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CREAMERY GULCH RANCH
  • Land Acres: 4.46
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBDIVISION: CREAMERY GULCH RANCH LOT: 1 BK-0476 PG-0021 BK-0488 PG-0223 GWD 07-22-88 BK-0574 PG-0511 QCD 03-03-92 BK-0654 PG-0927 SWD 09-07-94 R889614 QCD 08-25-04

Ownership

  • Current Owner : LOIS M EASTERLING REVOCABLE TRUST
  • Previous Owner : MUELLER RICHARD A
  • Previous Owner 2: MUELLER RITA
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Eagle County School District RE 50
  • Census Tract: 000402

Geography

  • Account Number: R032318
  • Parcel: R032318
  • Lot: 1
  • Meridian: SEC 07 QTR 4 TWN 5S RNG 82W
  • Municipality: LAKE CREEK MDWS
  • Latitude: 39.6279
  • Longitude: -106.613

    Address

  • Full Address: 1470 Lake Creek Rd
  • Address - House Number: 1470
  • Address - Street Name: Lake Creek
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Edwards
  • Carrier Code: H002
  • 4-Digit Zip Code: 8201
  • Zip Code: 81632

Valuation

    Tax

  • Total Area: 5,383
  • Tax Year: 2022
  • Tax Amount: $15,060
  • Tax Rate Code Area: SC023

    Appraisal Valuation

  • Standard Deviation: 0.2724
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 61
  • Final Value: 5,790,094
  • High Value: 7,367,694
  • Low Value: 4,212,494

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,700,000
  • First Open Lien Mortgage Lender: MIDWEST BANK CENTRE
  • First Open Lien Mortgage Recording Date: May 11, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,200,000
  • 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: Jun 01, 2051
  • Second Open Lien Mortgage Lender: MIDWEST BANK CENTRE
  • Second Open Lien Mortgage Recording Date: May 24, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $500,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Apr 28, 2041

    Market Valuation

  • Market Total Value: $5,052,120
  • Market Land Value: $1,978,460
  • Market Improvement Value: $3,073,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $338,500
  • Assessed Land Value: $132,560
  • Assessed Improvements Value: $205,940

    Sales

  • Current Sale Contract Date: Oct 19, 2020
  • Current Sale Recording Date: Oct 19, 2020
  • Current Sale Transaction ID: 11793319642
  • Current Sale Price: $4,020,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 202018852
  • Previous Sale Recording Date: Jul 12, 1994
  • Previous Sale Contract Date: Jul 12, 1994
  • Previous Sale Amount: $217,000
  • Previous Sale Document Type: Deed

About Edwards



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1470 Lake Creek Road located in?
The 1470 Lake Creek Road is a located in the neighborhood of Eagle in Edwards, Edwards.
What is the average sales price for listings in 1470 Lake Creek Road?
The average sales price for units in 1470 Lake Creek Road is $0 currently.

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