NOT LISTED FOR SALE

1395 Riverside Dr Unit A Aspen, CO 81611

The East End Neighborhood

Estimated Value: $6,890,150 - $9,521,000

4 Beds
4.5 Baths
4,291 Sq Ft
$1,861/Sq Ft Est. Value

Last Sold January 07, 2019

Last sale price $4,675,000 $1,089 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $46,532/month

5 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Corner Lot
  • No HOA
  • Aspen Middle School Rated A-
  • Furnished
  • Air Conditioning

About This Home

As of January 2019

Just a 5 minute walk to Aspen's downtown core over the Roaring Fork River, this townhome lives like a single family home with southern exposure, beautiful Aspen Mountain views, 2-car garage and air-conditioning in master bedroom and upper level. Open floorplan with high ceilings and generous living spaces, mudroom, 2 decks plus outdoor space for dogs. Enjoy a private entry-level master suite, separate family room and huge lower level window wells letting in tons of light. Hop on the adjacent bike path or free shuttle to town - this home is an excellent value in the Aspen market.

Last Listed By

Engel Lansburgh Team

Douglas Elliman Real Estate-Hyman Ave Brokerage Phone: (970) 925-8810 License #FA40027314 Listed on: 11/15/2018

Douglas Elliman Real Estate-Hyman Ave

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,649

Year Built

  • Built in 1999

Lot Details

  • South Facing Home
  • Southern Exposure
  • Corner Lot
  • Landscaped with Trees
  • Property is in excellent condition

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 4,291 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Home Security System
  • Laundry Room
  • Property Views
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Patio

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • Riverside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273718117124

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,649

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Co List Office Mls Id: DougEll-Hyman
  • Co List Office Phone: 970-925-8810
  • Subdivision Name: Riverside
  • Directions: Cooper Avenue East out of Aspen (Hwy 82), less than 1/2 mile to right on Riverside Drive. 1395 is first home on the left.
  • Architectural Style: Other
  • Master Model: No
  • New Construction: No
  • Year Built: 1999
  • Tax Parcel Letter: R017294
  • Attribution Contact: (970) 925-8810
  • Location Info:Furnished: Yes
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: R-15
  • General Info:Main Floor Master: Yes
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • Listing Info:ADU: No
  • General Info:Levels: 3.0
  • Financing Info:Taxes2: 10648.84
  • Financing Info:Tax Year2: 2017
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Exterior:Stone Siding: Yes
  • Exterior:Wood Siding: Yes
  • Condition:Excellent: Yes
  • Miscellaneous:Under Construction3: No
  • Substructure:Finished Basement: Yes
  • Cooling:AC: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Has Basement: Finished
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Living Area: 4291.0
  • Style Other: Yes

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Wood Siding, Stone Veneer
  • Property Condition: Excellent

Garage/Parking

  • Keywords Info:Garage: 2 Car

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Financing Info:Association Fee Frequency2: Annually
  • Location Amenities:Corner Lot: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes

Lot Info

  • Parcel #: 273718117124
  • Zoning: R-15

Tax Info

  • Tax Annual Amount: 10648.84
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2018
Sold by
Cd Holdings Llc
Bought by
Michelon Jon and Michelon Stacey Sherr
Total Days on Market
5
Current Estimated Value
$7,985,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 23, 2016
Closed on
Jan 18, 2017
Sold by
Ostrofsky Marc
Bought by
Cd Holdings Llc
Seller's Agent
AnneAdare Wood
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Joshua Landis
Christie's International Real Estate Aspen Snowmass
List Price
$4,349,000
Sold Price
$4,465,000
Premium/Discount to List
$116,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.26%

Purchase Details

Listed on
Jul 16, 2011
Closed on
Apr 4, 2013
Sold by
Grimes David L
Bought by
Ostrofsky Marck
Seller's Agent
AnneAdare Wood
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
JACK GAUSNELL
Roaring Fork Realty, LLC
List Price
$4,200,000
Sold Price
$3,586,000
Premium/Discount to List
-$614,000
-14.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$2,330,900
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 22, 2008
Sold by
Grimes David L and Grimes Joann G
Bought by
Grimes David L

Range of Values:

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Average Value
Not Available
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
Michelon Jon $4,675,000 Land Title Guarantee Co
Cd Holdings Llc $4,465,000 Stewart Title
Ostrofsky Marck $3,586,000 Land Title Guarantee Company
Grimes David L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michelon Jon B $2,750,000
Closed Michelon Jon $768,000
Previous Owner Michelon Jon $1,500,000
Previous Owner Ostrofsky Marck $2,330,900
Previous Owner Grimes David L $1,012,000
Previous Owner Grimes David L $1,600,000
Previous Owner Grimes David $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2019 01/07/19 Sold $4,675,000 -5.6% $1,089 / Sq Ft
11/21/2018 11/21/18 Pending -- -- --
11/15/2018 11/15/18 For Sale $4,950,000 +10.9% $1,154 / Sq Ft
01/18/2017 01/18/17 Sold $4,465,000 +2.7% $1,041 / Sq Ft
12/30/2016 12/30/16 Pending -- -- --
11/23/2016 11/23/16 For Sale $4,349,000 +21.3% $1,014 / Sq Ft
04/04/2013 04/04/13 Sold $3,586,000 -14.6% $866 / Sq Ft
02/01/2013 02/01/13 Pending -- -- --
07/16/2011 07/16/11 For Sale $4,200,000 -- $1,015 / 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 $27,115 $817,860 $0 $817,860
2023 $27,115 $828,500 $0 $828,500
2022 $13,557 $366,170 $0 $366,170
2021 $13,499 $376,700 $0 $376,700
2020 $12,261 $339,630 $0 $339,630
2019 $12,261 $339,630 $0 $339,630
2018 $12,061 $365,850 $0 $365,850
2017 $10,649 $330,750 $0 $330,750
2016 $9,678 $294,500 $0 $294,500
2015 $9,555 $294,500 $0 $294,500
2014 $10,030 $295,420 $0 $295,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 156821

Aspen Glenwood MLS

APN: R017294