$8,000,000
SOLD NOV 24, 2015

1124 Red Mountain Rd Aspen, CO 81611

5 Beds
9.5 Baths
5,789 Sq Ft
1 Acres

Recently Sold

$1,382 Per Sq Ft

23% Below List Price

497 Days on Market

Highlights

  • 1 Acre Lot
  • Green Building
  • 4 Fireplaces
  • Aspen Middle School Rated A-
  • Maid or Guest Quarters
  • Brick or Stone Mason

About This Home

As of May 2019

Magnificent home has been featured in Sojourner Magazine. Outstanding views, inviting floor plan, and a wine room fit for a sommelier. 5 bedrooms with ensuite baths, billiard room, caretaker quarters, gourmet kitchen. Great home for entertaining. Spectacular views of Aspen and the surrounding mountains. Located on a one-acre lot as part of a two-house compound.

Last Agent to Sell the Property

Joshua Landis

Aspen Real Estate Company Brokerage Phone: (970) 920-2006 Listed on: 06/01/2014

Last Buyer's Agent

Joshua Landis

Aspen Real Estate Company Brokerage Phone: (970) 920-2006 Listed on: 06/01/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,980

Year Built

  • Built in 1997

Lot Details

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

Parking

  • 4 Car Garage

Home Design

  • Brick or Stone Mason
  • Composition Roof
  • Composition Shingle Roof
  • Stone Siding

Interior Spaces

  • 5,789 Sq Ft Home
  • 4-Story Property
  • Partially Furnished
  • 4 Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Home Security System
  • Property Views
  • Finished Basement

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Washer

Eco-Friendly Details

  • Green Building
  • Passive Solar Power System

Outdoor Features

  • Patio
  • Storage Shed

Location

  • Mineral Rights Excluded

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Water Rights Not Included
  • Cable TV Available

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

$19,980

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Inclusions: Freezer, Refrigerator, Washer, Window Coverings, Range, Microwave, Dishwasher
  • Subdivision Name: Red Mountain
  • Directions: Red mountain road to the intersection with Hunter Creek. Gate to the property is straight ahead before the hairpin, left hand turn.
  • Architectural Style: Other
  • Master Model: No
  • New Construction: No
  • Year Built: 1997
  • Tax Parcel Letter: R003837
  • Attribution Contact: (970) 920-2006
  • Location Info:Furnished: Partial
  • Keywords Info:Pre-Fabricated Home: No
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 4.0
  • Financing Info:Taxes2: 19980.0
  • Financing Info:Tax Year2: 2013
  • 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
  • Roof:Composition Shingles: Yes
  • Extras:Fence: Yes
  • Mineral Rights:No2: Yes
  • Cooling:None: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • Unit Faces:South: Yes
  • Unit Faces:West: Yes
  • Substructure:Finished Basement: Yes
  • Inclusions:Freezer: Yes
  • Energy Efficiency:Passive Solar Design: Yes
  • Extras:Storage Shed: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Has Basement: Finished
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplaces: 4
  • Fireplace: Yes
  • Living Area: 5789.0
  • Fireplace:Gas: Yes
  • Style Other: Yes

Exterior Features

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

Garage/Parking

  • Keywords Info:Garage: 4+ Car

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Building Features: Yes
  • Cooling: None
  • Cooling Y N: No
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Location Amenities:Exposure Southern: 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
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 19980.0
  • Tax Year: 2013

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%
Current Estimated Value
$12,676,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,439,180
Avg. Annual Appreciation
6.66%
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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $8,237,500 Stewart Title
Warranty Deed $6,000,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,365,875 Adjustable Rate Mortgage/ARM
Previous Owner $3,500,000 Credit Line Revolving
Previous Owner $3,000,000 Unknown
Previous Owner $3,000,000 Adjustable Rate Mortgage/ARM
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: 134448

Aspen Glenwood MLS

APN: R003837