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2415 Val D'Isere Circle, Steamboat Springs, CO 80487
LOT 22 SKI RANCHES SUBD FILING 5

2010 Property Tax Valuation Information

At the assessed value of $772,340 and 2980 square feet the assessed value comes to about $260 per square foot. The land value is $650,000 of this amount leaving $122,340 for improvements which comes to about $40 a foot. This is clearly a fraction of replacement cost. This value is on the low end of the per square foot values on the Routt County Assessor’s records for property in this neighborhood.

When searching for recent sales in the area, the simple fact is that there are no really good comparable sales of similar size and age properties in that part of the mountain area that have taken place since the downturn in the economy and the real estate market. The transactions that have occurred are all QCD sales without recorded prices. This leads me to think that they are related-party transactions, likely estate related. The properties most recently sold in the immediate vicinity of the subject property are:

1. 2350 VAL D ISERE CIR STEAMBOAT SPRINGS 80210

This property is very similar in size and age. It changed hands in April of 2010 by Quit Claim Deed without a recorded price. The assessor carries this property at $964,680 or $317 per foot.

2. 2643 ANTHONYS CIR STEAMBOAT SPRINGS

This property is slightly newer and smaller. It changed hands in November of 2009 by Quit Claim Deed without a recorded price. The assessor carries this property at $750,400 or $325 per foot.

3. 2671 ANTHONYS CIR STEAMBOAT SPRINGS

This vacant lot nearby sold for in November of 2009 for $477,500. It was carried by the assessor at $650,000. In comparison with subject property which has a assessor land value of the amount which might indicate that the land portion of the value of the subject property is overstated by ~175K.

4. 2835 ALPENGLOW STEAMBOAT SPRINGS

Slightly older than the subject property, this property changed hands in November 2010 by Quit Claim Deed without a recorded price. The assessor carries this property at $917,460 or $380 per square foot.

In the opinion of brokers surveyed, the neighborhood supports values considerably higher than the value of this home. This property is seen as a “value” property for this part of town and as such is priced at the low end of the appropriate range.

Most Recent Sale or Transaction

Sale Date: 10/9/1997
Sale Price: 327,000
Document Type: WD

Residential Building Occurrence 1 Characteristics

Total Building Area: 2,980
Total Sq Ft Living Area: 2,980
FIRST: 1,106
SECOND: 768
BILEVEL: 1,106
Neighborhood: 70006
Property Class: DUP/TRIPLEX IMPROVEMENTS
Grade: AVERAGE
Year Built: 1977
Effective Year Built: 1985
Bedrooms: 5
Baths: 4
Rooms: 12
Kitchens: 2
Garage Capacity: 2
Basement Type: NONE/SLAB
Fireplaces: 2
Fireplace Type: MASONARY FP
Heat Type: ELEC BSBD
Fuel Type: ELECTRIC
Interior Condition: NORMAL
Exterior Condition: FAIR
Windows: DOUBLE GLAZE
Foundation: CONCRETE
Exterior Wall Material: WOOD SID/SHK
Roofing: WOOD SHK
Roof Style: GABLE
Stories: 2
Style Type: 2 & 3 STORY