NOT LISTED FOR SALE

1124 Red Mountain Rd Aspen, CO 81611

Estimated Value: $8,374,000 - $16,258,116

6 Beds
7.5 Baths
5,922 Sq Ft
$2,080/Sq Ft Est. Value

Last Sold May 08, 2019

Last sale price $8,237,500 $1,391 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $71,354/month

231 Days on Market

Highlights

  • 1 Acre Lot
  • Green Building
  • 5 Fireplaces
  • Aspen Middle School Rated A-
  • Maid or Guest Quarters
  • Steam Shower

About This Home

As of May 2019

A private, gated entry leads to a superb, stone-built Chateau residence perched on Red Mountain with front and center views of Aspen Mountain, as well as Aspen Highlands, Tiehack and all the way to Mount Sopris. Freshly repainted and completely restaged, this 5,922 square foot estate encompasses a total of 6 bedrooms and 7.5 bathrooms, spread out on 4 levels to provide the ultimate in comfort and privacy. An elegant, central staircase ascends to the upper level living spaces which include a spacious living room centered around a large gas fireplace, a wet bar, an open dining room, spacious gourmet kitchen with eat-in dining area and spilling out to the stone patio to take in the breathtaking views. There's a guest master suite with its own private, outdoor patio set amongst mature trees...and lush landscaping, an ideal setting for relaxation. The large, luxurious master suite on the uppermost level offers A/C, a lavish king bed plus a sitting area where you can cozy up by the gas fireplace to unwind or indulge in a good book, a lavish bath with steam shower and soaking tub and his and hers walk-in closets. Floor-to-ceiling windows allow you to revel in the spectacular panoramic views of the Elk Mountain Range or step out onto the private deck to be surrounded by the breathtaking scenery. Head to the lower level for additional bedroom suites and to the ultimate media room equipped with large TV, a billiards table and wet bar, perfect for entertaining or enjoying the big game. Additional features include a 1-bedroom caretaker's apartment with its own garage, spacious patios and decks, mature landscaping and ample parking in the main house's 3 car garage. and lush landscaping, an ideal setting for relaxation. The large, luxurious master suite on the uppermost level offers A/C, a lavish king bed plus a sitting area where you can cozy up by the gas fireplace to unwind or indulge in a good book, a lavish bath with steam shower and soaking tub and his and hers walk-in closets. Floor-to-ceiling windows allow you to revel in the spectacular panoramic views of the Elk Mountain Range or step out onto the private deck to be surrounded by the breathtaking scenery. Head to the lower level for additional bedroom suites and to the ultimate media room equipped with large TV, a billiards table and wet bar, perfect for entertaining or enjoying the big game. Additional features include a 1-bedroom caretaker's apartment with its own garage, spacious patios and decks, mature landscaping and ample parking in the main house's 3 car garage.

Last Agent to Sell the Property

Sally Shiekman

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA1317921 Listed on: 06/06/2018

Last Buyer's Agent

Julie Mandt

Aspen Snowmass International R License #FA1243765

Aspen Snowmass International R

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,293

Year Built

  • Built in 1999

Lot Details

  • 1 Acre Lot
  • Southwest Facing Home
  • Southern Exposure
  • Fenced
  • Sprinkler System
  • Landscaped with Trees
  • Property is in excellent condition

Parking

  • 4 Car Garage

Home Design

  • Brick or Stone Mason
  • Stone Siding
  • Radon Mitigation System

Interior Spaces

  • 4-Story Property
  • Partially Furnished
  • 5 Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Home Security System
  • Property Views
  • Finished Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Maid or Guest Quarters
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Green Building
  • Passive Solar Power System

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Water Rights Not Included
  • Water Softener
  • Cable TV Available

Additional Features

  • Patio
  • Accessory Dwelling Unit (ADU)
  • Mineral Rights Excluded

Community Details

  • Property has a Home Owners Association
  • Association fees include sewer
  • Red Mountain Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 273707200002

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,293

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Inclusions: Dryer, Freezer, Oven, Refrigerator, Washer, Window Coverings, Water Softener, Range, Microwave, Dishwasher
  • Subdivision Name: Red Mountain
  • Directions: Take Red Mountain Road to the intersection with Hunter Creek Road. The gate to the property is straight ahead before the hairpin left hand turn.
  • Above Grade Finished Sq Ft: 4238.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 1999
  • Tax Parcel Letter: R003837
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: Partial
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential
  • General Info:Main Floor Master: No
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • Listing Info:ADU: Yes
  • General Info:Levels: 4.0
  • General Info:Short Termable: Yes
  • Financing Info:Taxes2: 16292.56
  • Financing Info:Tax Year2: 2017
  • Extras:GuestCaretaker Qtrs: Yes
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Stone Siding: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Water Rights:No3: Yes
  • Extras:Cable TV: Yes
  • Extras:Lawn Sprinklers: Yes
  • Miscellaneous:Under Construction3: No
  • Extras:Fence: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • General Info:LvHtSqFt (Abv Grnd): 4238.0
  • General Info:LvHtSqFt (Blw Grnd): 1684.0
  • Inclusions:Water Softener: Yes
  • Substructure:Finished Basement: Yes
  • Inclusions:Oven: Yes
  • Inclusions:Freezer: Yes
  • Extras:Steam Shower: Yes
  • Cooling:AC: Yes
  • Extras:Softener: Yes
  • Energy Efficiency:Passive Solar Design: Yes
  • Indoor Air Quality:Radon System: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Has Basement: Finished
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1684.0
  • Fireplace Features: Gas
  • Fireplaces: 5
  • Fireplace: Yes
  • Living Area: 5922.0
  • Fireplace:Gas: Yes
  • Style Other: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Landscaped
  • Construction Type: Stone Veneer, Stone
  • Property Condition: Excellent
  • Roof: Other
  • Construction:Stone: Yes

Garage/Parking

  • Keywords Info:Garage: 4+ Car
  • General Info:Garage SqFt: 756.0

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Building Features: Yes
  • Cooling: A/C
  • Cooling Y N: Yes
  • Heating: Radiant, Natural Gas
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Radiant: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: Pets Allowed/Owner, Pets Allowed/Renter
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • HOA Amenities:Pets AllowedOwner: Yes
  • HOA Amenities:Pets AllowedRenter: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes
  • Location Amenities:Borders Public Land: Yes
  • Location Amenities:Extreme Topo: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 273707200002
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 16292.56
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2018
Closed on
May 8, 2019
Sold by
Grey Redmntnprop Llc
Bought by
L Michael Dillard Revocable Living Trust
Seller's Agent
Sally Shiekman
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Julie Mandt
Aspen Snowmass International R
List Price
$9,500,000
Sold Price
$8,237,500
Premium/Discount to List
-$1,262,500
-13.29%
Total Days on Market
231
Current Estimated Value
$12,316,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,078,558
Avg. Annual Appreciation
6.83%
Original Mortgage
$4,365,875
Outstanding Balance
$3,763,821
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$8,552,237

Purchase Details

Closed on
May 23, 2001
Sold by
Bonn Edward J
Bought by
Calsun I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
L Michael Dillard Revocable Living Trust $8,237,500 Stewart Title
Calsun I Llc $6,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open L Michael Dillard Revocable Living Trust $4,365,875
Previous Owner Grey Redmntnprop Llc $3,500,000
Previous Owner Calsun I Llc $3,000,000
Previous Owner Calsun I Llc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2019 05/08/19 Sold $8,237,500 -13.3% $1,391 / Sq Ft
01/24/2019 01/24/19 Pending -- -- --
06/06/2018 06/06/18 For Sale $9,500,000 +18.8% $1,604 / Sq Ft
11/24/2015 11/24/15 Sold $8,000,000 -23.1% $1,382 / Sq Ft
10/11/2015 10/11/15 Pending -- -- --
06/01/2014 06/01/14 For Sale $10,400,000 -- $1,797 / Sq Ft
Source: Aspen Glenwood MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $29,766 $1,034,820 $534,100 $500,720
2023 $29,766 $1,047,560 $540,680 $506,880
2022 $19,340 $610,910 $410,050 $200,860
2021 $19,290 $628,490 $421,850 $206,640
2020 $18,697 $607,750 $357,500 $250,250
2019 $18,697 $607,750 $357,500 $250,250
2018 $18,756 $791,620 $396,000 $395,620
2017 $16,293 $609,980 $324,000 $285,980
2016 $20,769 $762,270 $398,000 $364,270
2015 $20,639 $762,270 $398,000 $364,270
2014 $20,375 $734,880 $378,100 $356,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 154481

Aspen Glenwood MLS

APN: R003837