$8,160,000
SOLD FEB 29, 2016

120 Red Mountain Rd Aspen, CO 81611

4 Beds
5.5 Baths
4,342 Sq Ft
0.72 Acres

Recently Sold

$1,879 Per Sq Ft

3% Above List Price

208 Days on Market

Highlights

  • Under Construction
  • River Front
  • Maid or Guest Quarters
  • Aspen Middle School Rated A-
  • 0.72 Acre Lot
  • Contemporary Architecture

About This Home

As of May 2017

Perched above Hunter Creek sits a true Aspen classic. Originally designed by Ellen Harland in the 1960’s (one of Aspen’s most notable female architects), later improved upon with a Rob Roy design (another renowned Aspen architect) and now expanded and updated to celebrate the style of yesterday, today and tomorrow. You can almost feel the flow and heartbeat of Hunter Creek in this four bedroom home, and the location is so private you won’t believe it’s only a five minute walk to downtown Aspen. Possibility for a 5th bedroom. Construction is anticipated to be completed in late 2015.

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: 01/24/2015

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

Wendalin Whitman

Whitman Fine Properties License #ER.001311517

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,139

Year Built

  • Built in 1968 | Under Construction

Lot Details

  • 0.72 Acre Lot
  • River Front
  • Landscaped with Trees

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Tar and Gravel Roof
  • Wood Siding

Interior Spaces

  • 4,342 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Property Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters

Utilities

  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Water Rights Not Included

Additional Features

  • Patio
  • Mineral Rights Excluded

Community Details

  • Property has a Home Owners Association
  • Association fees include sewer
  • Red Mountain Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273707200028

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,139

Year Built

Built in 1968 | Under Construction

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.72
  • Co List Office Mls Id: ASSHMA
  • Subdivision Name: Red Mountain
  • Directions: North on Mill Street, turns into Red Mountain Road. Driveway is just past Lone Pine Road on the right. Follow driveway to the end.
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: Yes
  • Year Built: 1968
  • Tax Parcel Letter: R004288
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • Listing Info:REO: No
  • Condition:New: Yes
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 3.0
  • Financing Info:Taxes2: 12139.4
  • Financing Info:Tax Year2: 2014
  • Extras:GuestCaretaker Qtrs: Yes
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Sanitation:Sewer: Yes
  • Exterior:Wood Siding: Yes
  • Water Rights:No3: Yes
  • Miscellaneous:Under Construction3: Yes
  • Mineral Rights:No2: Yes
  • Roof:Tar Gravel: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: NewHome

Interior Features

  • Furnished: Unfurnished
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 4342.0
  • Fireplace:Gas: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Lot Features: Landscaped
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Wood Siding, Frame
  • Property Condition: New Construction
  • Roof: Tar/Gravel
  • Construction:Frame: Yes

Garage/Parking

  • Keywords Info:Garage: 2 Car
  • General Info:Garage SqFt: 555.0

Utilities

  • Heating: Radiant, Hot Water, Baseboard
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: Public
  • Heating:Radiant: Yes
  • Heating:Baseboard: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Location Amenities:Trees: Yes
  • Location Amenities:River Frontage: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 31363.0
  • Parcel #: 273707200028
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 12139.4
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2017
Closed on
May 22, 2017
Sold by
Kelly Hall Aspen Llc
Bought by
Eec Ehc Llc
Seller's Agent
Wendalin Whitman
Whitman Fine Properties
Buyer's Agent
Kristi Gilliam
Gilliam Properties of Aspen
List Price
$9,925,000
Sold Price
$9,600,000
Premium/Discount to List
-$325,000
-3.27%
Total Days on Market
208
Current Estimated Value
$13,788,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,188,169
Avg. Annual Appreciation
4.59%
Original Mortgage
$1,825,344
Outstanding Balance
$974,365
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$12,813,804

Purchase Details

Listed on
Jan 24, 2015
Closed on
Feb 29, 2016
Sold by
Red Mountain Riverfront Llc
Bought by
Kelly Hall Aspen Llc
Seller's Agent
Andrew Ernemann
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Wendalin Whitman
Whitman Fine Properties
List Price
$7,900,000
Sold Price
$8,160,000
Premium/Discount to List
$260,000
3.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.13%
Original Mortgage
$4,896,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 24, 2013
Closed on
Feb 27, 2014
Sold by
Jme Levins Llc
Bought by
Red Mountain Riverfront Llc
Seller's Agent
Carol Dopkin
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Andrew Ernemann
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$5,750,000
Sold Price
$3,100,000
Premium/Discount to List
-$2,650,000
-46.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.85%
Original Mortgage
$1,200,000
Interest Rate
4.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2003
Sold by
Levins Ellie H
Bought by
Jme Levins Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 29, 2003
Sold by
Qualified Personal Residence Tr Macia Co
Bought by
Levins Frank Joseph and Levins Molly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.75%
Mortgage Type
Unknown
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 $9,600,000 None Available
Warranty Deed $8,160,000 Attorneys Title Ins Agency O
Warranty Deed $3,100,000 Pct
Bargain Sale Deed -- --
Bargain Sale Deed -- --
Bargain Sale Deed -- --
Bargain Sale Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,825,344 Purchase Money Mortgage
Previous Owner $4,896,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,975,000 Unknown
Previous Owner $1,200,000 Purchase Money Mortgage
Previous Owner $425,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2017 05/22/17 Sold $9,600,000 -3.3% $2,211 / Sq Ft
04/10/2017 04/10/17 For Sale $9,925,000 +21.6% $2,286 / Sq Ft
04/05/2017 04/05/17 Pending -- -- --
02/29/2016 02/29/16 Sold $8,160,000 +3.3% $1,879 / Sq Ft
08/20/2015 08/20/15 Pending -- -- --
01/24/2015 01/24/15 For Sale $7,900,000 +154.8% $1,819 / Sq Ft
02/27/2014 02/27/14 Sold $3,100,000 -46.1% $1,155 / Sq Ft
01/07/2014 01/07/14 Pending -- -- --
09/24/2013 09/24/13 For Sale $5,750,000 -- $2,142 / 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 $34,460 $1,048,220 $467,360 $580,860
2023 $34,460 $1,061,090 $473,100 $587,990
2022 $25,610 $698,550 $278,000 $420,550
2021 $25,500 $718,650 $286,000 $432,650
2020 $24,273 $679,410 $268,130 $411,280
2019 $24,273 $679,410 $268,130 $411,280
2018 $21,677 $684,160 $270,000 $414,160
2017 $19,126 $601,340 $252,000 $349,340
2016 $12,926 $398,060 $238,800 $159,260
2015 $7,845 $244,740 $238,800 $5,940
2014 $12,140 $361,930 $350,240 $11,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 137379

Aspen Glenwood MLS

APN: R004288