Estimated Value: $7,581,000 - $8,541,000
5
Beds
4.5
Baths
4,620
Sq Ft
$1,743/Sq Ft
Est. Value
Highlights
- Spa
- 0.69 Acre Lot
- Maid or Guest Quarters
- Aspen Middle School Rated A-
- Green Building
- Hydromassage or Jetted Bathtub
About This Home
As of September 2023This home can be a wonderful remodel or a new house on a great lot. It is an extraordinary Red Mountain Lot that includes wooded hillside with Aspens & Oak & mountain views that are South & West. Located on the lower part of Red Mountain it is a quick & easy drive into Aspen. This home could be remodeled or totally rebuilt to 8,657 square feet by either going through Growth Management or buying a TDR's. The main home currently has 3 bedrooms, 3.5 bathrooms & an office, which was the original master bedroom which could be a 4th bedroom. There is also a free-standing Caretaker House with a kitchen, bath, & large studio space for bedroom/ living area. Outside there are two large decks, one with a hot tub, & two-car garage.If you have been looking for a home site or home under $8.8 Million on RED MOUNTAIN, here it is.
The sale is subject to a rental in the main house through September 19, 2023 and subject to a rental in the guest house that has a 60 day move out clause. If you have been looking for a home site or home under $8.8 Million on RED MOUNTAIN, here it is.
The sale is subject to a rental in the main house through September 19, 2023 and subject to a rental in the guest house that has a 60 day move out clause.
Last Agent to Sell the Property
Compass Aspen Brokerage Phone: 970-925-6063 License #EA.000224621 Listed on: 12/10/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,295
Year Built
- Built in 1990
Lot Details
- 0.69 Acre Lot
- South Facing Home
- Southern Exposure
- Gentle Sloping Lot
- Landscaped with Trees
- Property is in good condition
HOA Fees
- $112 Monthly HOA Fees
Home Design
- Brick or Stone Mason
- Frame Construction
- Stone Siding
Interior Spaces
- 4,620 Sq Ft Home
- 2-Story Property
- Partially Furnished
- 2 Fireplaces
- Wood Burning Fireplace
- Gas Fireplace
- Window Treatments
- Home Security System
- Property Views
Kitchen
- Oven
- Range
- Microwave
- Freezer
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- Maid or Guest Quarters
- Hydromassage or Jetted Bathtub
- Steam Shower
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 2 Car Garage
- Carport
Outdoor Features
- Spa
- Storage Shed
Additional Features
- Green Building
- Accessory Dwelling Unit (ADU)
- Radiant Heating System
Community Details
- Association fees include sewer, ground maintenance
- Ridge Of Red Mountain Subdivision
- Property is near a preserve or public land
Listing and Financial Details
- Assessor Parcel Number 273501404012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 10, 2022
Closed on
Sep 25, 2023
Sold by
Rosenstein Arthur
Bought by
Morgan Family 2018 Trust and Morgan
Seller's Agent
Heidi Houston
Compass Aspen
Buyer's Agent
Whitney McLaughlin
The Agency Aspen
List Price
$8,995,000
Sold Price
$8,007,500
Premium/Discount to List
-$987,500
-10.98%
Total Days on Market
195
Views
380
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,446
Avg. Annual Appreciation
0.34%
Original Mortgage
$5,000,000
Interest Rate
6.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 28, 1989
Bought by
Rosenstein Arthur
Similar Homes in Aspen, CO
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Morgan Family 2018 Trust | $8,007,500 | Title Company Of The Rockies | |
| Rosenstein Arthur | $695,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Morgan Family 2018 Trust | $1,000,000 | |
| Open | Morgan Family 2018 Trust | $5,073,000 | |
| Closed | Morgan Family 2018 Trust | $5,000,000 | |
| Previous Owner | Rosenstein Arthur | $4,625,000 | |
| Previous Owner | Rosenstein Arthur | $670,056 | |
| Previous Owner | Rosenstein Arthur | $1,119,000 | |
| Previous Owner | Rosenstein Arthur | $1,115,000 | |
| Previous Owner | Rosenstein Arthur | $1,100,000 | |
| Previous Owner | Rosenstein Arthur | $190,000 | |
| Previous Owner | Rosenstein Arthur | $987,500 | |
| Previous Owner | Rosenstein Arthur | $980,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/25/2023 09/25/23 | Sold | $8,007,500 | -9.0% | $1,733 / Sq Ft |
| 02/27/2023 02/27/23 | Price Changed | $8,795,000 | -2.2% | $1,904 / Sq Ft |
| 12/10/2022 12/10/22 | For Sale | $8,995,000 | -- | $1,947 / Sq Ft |
Source: Aspen Glenwood MLS
Tax History Compared to Growth
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 | $14,348 | $498,820 | $379,100 | $119,720 |
| 2023 | $14,348 | $506,360 | $384,830 | $121,530 |
| 2022 | $14,332 | $459,670 | $291,900 | $167,770 |
| 2021 | $14,295 | $472,900 | $300,300 | $172,600 |
| 2020 | $10,998 | $357,500 | $235,950 | $121,550 |
| 2019 | $10,779 | $357,500 | $235,950 | $121,550 |
| 2018 | $10,516 | $407,710 | $237,600 | $170,110 |
| 2017 | $9,135 | $385,390 | $223,200 | $162,190 |
| 2016 | $7,999 | $301,550 | $199,000 | $102,550 |
| 2015 | $7,949 | $301,550 | $199,000 | $102,550 |
| 2014 | $8,148 | $301,860 | $214,920 | $86,940 |
Source: Public Records
Agents Affiliated with this Home
-
Heidi Houston
Seller's Agent in 2023
Heidi Houston
Compass Aspen
(970) 404-1404
10 in this area
31 Total Sales
-
Whitney McLaughlin
W
Buyer's Agent in 2023
Whitney McLaughlin
The Agency Aspen
(415) 699-8047
3 in this area
11 Total Sales
Map
Source: Aspen Glenwood MLS
MLS Number: 177654
APN: R003862
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