NOT LISTED FOR SALE

120 N Spring St Unit 7 Aspen, CO 81611

Estimated Value: $995,000 - $18,325,568

7 Beds
10 Baths
8,832 Sq Ft
$1,277/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $14,995,000 $1,698 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $70,466/month

621 Days on Market

Highlights

  • River Front
  • Outdoor Pool
  • 8 Fireplaces
  • Aspen Middle School Rated A-
  • Maid or Guest Quarters
  • 3-minute walk to Aspen Skate Park

About This Home

As of October 2020

Question: Where can you find nearly 9,000 heated square feet with a close-in downtown location that enjoys the sights and sounds of the Roaring Fork River from multiple rooms, decks and patios, is within easy walking distance to everything Aspen, offers two private garages to house as many as 4 cars plus 4 additional spaces in a common garage, provides up-close views of Aspen Mountain, a large and sunny rooftop deck, expansive master suite with 5 additional guest suites plus an office/7th bedroom, warm and inviting open living spaces, rare open flame fireplaces, huge chef's kitchen, convenient in-residence elevator, caretaker quarters with private entrance, beautiful yard area that overlooks Herron Park, luxurious outdoor pool, full time on-site managementand primed and ready to take to the next level? Answer: 120 North Spring Street, that's where! and primed and ready to take to the next level? Answer: 120 North Spring Street, that's where!

Last Agent to Sell the Property

Andrew Ernemann

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA100028587 Listed on: 12/20/2019

Aspen Snowmass Sotheby's International Realty - Hyman Mall

Co-Listed By

Craig Morris

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #EA40009691

Last Buyer's Agent

Heidi Houston

Compass Aspen License #EA.000224621

Compass Aspen

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $27,893

Year Built

  • Built in 1992

Lot Details

  • River Front
  • East Facing Home

HOA Fees

  • $7,450 Monthly HOA Fees

Home Design

  • Brick Veneer
  • Shake Roof

Interior Spaces

  • 8,832 Sq Ft Home
  • 4-Story Property
  • Elevator
  • 8 Fireplaces
  • Gas Fireplace
  • Home Security System
  • Property Views
  • Finished Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Maid or Guest Quarters
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Carport
  • Common or Shared Parking

Pool

  • Outdoor Pool
  • Spa

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Rights Not Included
  • Cable TV Available

Additional Features

  • Patio
  • Mineral Rights Excluded

Listing and Financial Details

  • Assessor Parcel Number 273707326005

Community Details

Overview

  • Association fees include contingency fund, management, sewer, insurance, water, trash, snow removal, ground maintenance, cable TV
  • River Park Subdivision
  • On-Site Maintenance

Recreation

  • Snow Removal

Pet Policy

  • Only Owners Allowed Pets

Security

  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$27,893

Year Built

Built in 1992

Lot Details

0

HOA Fees

$7,450 per month

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Co List Office Mls Id: ASSHMA
  • Inclusions: Dryer, Freezer, Oven, Refrigerator, Washer, Range, Microwave, Dishwasher
  • Subdivision Name: River Park
  • Directions: East on Main Street, left on Spring Street. River Park is immediately on the right. Home is toward the river side of the complex.
  • Architectural Style: Other
  • Carport Y N: Yes
  • Master Model: No
  • Year Built: 1992
  • Tax Parcel Letter: R014397
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: RMF
  • 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
  • General Info:Levels: 4.0
  • Financing Info:Taxes2: 27893.16
  • Financing Info:Tax Year2: 2018
  • Extras:GuestCaretaker Qtrs: Yes
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Sanitation:Sewer: Yes
  • Extras:Pool: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Inclusions:Range: Yes
  • HOA Fees Includes:Grounds Maintenance: Yes
  • Water Rights:No3: Yes
  • Extras:Cable TV: Yes
  • HOA Fees Includes:Management: Yes
  • Miscellaneous:Under Construction3: No
  • Mineral Rights:No2: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • HOA Fees Includes:Cable TV2: Yes
  • HOA Fees Includes:Insurance: Yes
  • HOA Fees Includes:Sewer2: Yes
  • HOA Fees Includes:Snow Removal: Yes
  • HOA Fees Includes:Trash: Yes
  • HOA Fees Includes:Water: Yes
  • Extras:Elevator: Yes
  • Unit Faces:East: Yes
  • Substructure:Finished Basement: Yes
  • Inclusions:Oven: Yes
  • Inclusions:Freezer: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • Extras:Steam Shower: Yes
  • Roof:Shake: Yes
  • Exterior:Brick Veneer: Yes
  • Construction Brick: Yes
  • Financing Info:HOA Dues YN: Yes
  • Financing Info Total HOA Fee Per Year2: 89403.0
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Finished
  • Full Bathrooms: 7
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace Features: Gas
  • Fireplaces: 8
  • Fireplace: Yes
  • Interior Amenities: Elevator
  • Living Area: 8832.0
  • Fireplace:Gas: Yes
  • Style Other: Yes

Exterior Features

  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Brick Veneer, Brick
  • Roof: Shake

Garage/Parking

  • Attached Garage: No
  • Parking Features: Common
  • Keywords Info:Garage: 4+ Car
  • Parking Area:Common2: Yes

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Heating: Natural Gas, Forced Air
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: Management, Pets Allowed/Owner
  • Association Fee: 89403.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Financing Info:Association Fee2: 89403.0
  • Financing Info:Association Fee Frequency2: Annually
  • HOA Amenities:Pets AllowedOwner: Yes
  • HOA Amenities:Management2: Yes
  • Location Amenities:River Frontage: Yes

Fee Information

  • Association Fee Includes: Contingency Fund, Management, Sewer, Insurance, Water, Trash, Snow Removal, Maintenance Grounds, Cable TV

Lot Info

  • Parcel #: 273707326005
  • Zoning: RMF

Tax Info

  • Tax Annual Amount: 27893.16
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2019
Closed on
Oct 15, 2020
Sold by
Levitt Elaine and Gersliman Elaine
Bought by
Marlene Malek Revocable Trust
Seller's Agent
Andrew Ernemann
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Heidi Houston
Compass Aspen
List Price
$18,995,000
Sold Price
$14,995,000
Premium/Discount to List
-$4,000,000
-21.06%
Current Estimated Value
$11,278,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,716,477
Avg. Annual Appreciation
-5.57%

Purchase Details

Closed on
Apr 4, 2013
Sold by
Gershman Elaine Levitt and Estate Of Joel Gershman
Bought by
Levitt Elaine and Gershman Elaine
Source: Public Records

Range of Values:

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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
Marlene Malek Revocable Trust $14,995,000 Attorneys Ttl Agcy Of Aspen
Levitt Elaine -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2020 10/19/20 Sold $14,995,000 -21.1% $1,698 / Sq Ft
08/04/2020 08/04/20 Pending -- -- --
11/21/2018 11/21/18 For Sale $18,995,000 -- $2,151 / 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 $35,820 $1,089,590 $0 $1,089,590
2023 $35,820 $1,102,870 $0 $1,102,870
2022 $39,316 $1,072,380 $0 $1,072,380
2021 $39,146 $1,103,240 $0 $1,103,240
2020 $38,653 $1,081,890 $0 $1,081,890
2019 $38,653 $1,081,890 $0 $1,081,890
2018 $27,893 $1,089,450 $0 $1,089,450
2017 $24,611 $773,800 $0 $773,800
2016 $22,635 $697,030 $0 $697,030
2015 $22,343 $697,030 $0 $697,030
2014 $20,737 $618,250 $0 $618,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 156925

Aspen Glenwood MLS

APN: R014397