NOT LISTED FOR SALE

263 Park Ave Aspen, CO 81611

Estimated Value: $8,279,000 - $13,529,703

5 Beds
6.5 Baths
4,597 Sq Ft
$2,205/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $11,750,000 $2,556 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $55,570/month

3 Days on Market

Highlights

  • Spa
  • Green Building
  • Furnished
  • Aspen Middle School Rated A-
  • Contemporary Architecture
  • 3-minute walk to Henry Stein Park

About This Home

As of October 2020

Located on Park Ave and just a short distance across the Hopkins footbridge into the bustle of downtown and Ajax gondola is this contemporary, mountain home nestled just east of the heart of Aspen. Inspired luxury is one way to describe this sleek but warm, five bedroom home. If hiking is your Zen, the base of Smuggler is a 5-minute walk from the door. With free movement between spaces, the home's design paints clean lines and a fusion of indoor/outdoor living. Main Level: Upon entering you are invited directly into the open main living area, with a formal dining room that seats 12 joining the living room with sliding doorwalls that surround from floor to ceiling.

Plenty of room for lounging and entertaining, walk out to the modern oasis: a private outdoor pool,hot tub and outdoor grill. Another sliding doorwall connects the living room with the loggia, featuring a gas fireplace and ceiling heater. Flowing from the living area is the chic and welcoming chef's kitchen where everyone is certain to gather both day and night. In addition, an office on the main level has a couch that transforms to a guest bed and it's own full bathroom.

The home's upper level has three guest suites, all with Duxiana King beds for a restorative sleep. The master features an ensuite bath as well as glass door walls to a private balcony with a gas firepit and serene views of Aspen mountain. The lower level features a well-equipped home gym and media room. There is also a separate studio apartment above the garage with its own kitchen, bathroom and washer/dryer. hot tub and outdoor grill. Another sliding doorwall connects the living room with the loggia, featuring a gas fireplace and ceiling heater. Flowing from the living area is the chic and welcoming chef's kitchen where everyone is certain to gather both day and night. In addition, an office on the main level has a couch that transforms to a guest bed and it's own full bathroom.

The home's upper level has three guest suites, all with Duxiana King beds for a restorative sleep. The master features an ensuite bath as well as glass door walls to a private balcony with a gas firepit and serene views of Aspen mountain. The lower level features a well-equipped home gym and media room. There is also a separate studio apartment above the garage with its own kitchen, bathroom and washer/dryer.

Last Agent to Sell the Property

Steven Shane

Compass Aspen Brokerage Phone: 970-925-6063 License #ER040002675 Listed on: 07/23/2020

Compass Aspen

Last Buyer's Agent

Galen Bright

Setterfield & Bright License #FA1310977

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,379

Year Built

  • Built in 2004

Lot Details

  • 6,922 Sq Ft Lot
  • Property is in excellent condition

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Stone Siding
  • Stucco Exterior
  • Stone

Interior Spaces

  • 3-Story Property
  • Furnished
  • Gas Fireplace
  • Home Security System
  • Property Views
  • Finished Basement

Kitchen

  • Oven
  • Stove
  • Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Pool

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Hot Water Heating System
  • Water Rights Not Included
  • Water Softener
  • Cable TV Available

Additional Features

  • Green Building
  • Patio
  • Mineral Rights Excluded

Community Details

  • Property has a Home Owners Association
  • Association fees include sewer
  • Park Dale Townhomes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273718133054

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,379

Year Built

Built in 2004

Lot Details

6,922 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Inclusions: Dryer, Freezer, Oven, Refrigerator, Washer, Water Softener, Stove Top, Range, Dishwasher
  • Subdivision Name: Park Dale Townhomes
  • Directions: East on HWY 82, left onto Park Avenue home second home in on the second block down on the left.
  • Above Grade Finished Sq Ft: 3777.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 2004
  • Tax Parcel Letter: R019135
  • Attribution Contact: 970-925-6063
  • Location Info:Furnished: Yes
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential
  • 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
  • Listing Info:ADU: No
  • General Info:Levels: 3.0
  • General Info:Short Termable: Yes
  • Financing Info:Taxes2: 21378.8
  • Financing Info:Tax Year2: 2019
  • Extras:Hot TubSpa: Yes
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Sanitation:Sewer: Yes
  • Extras:Pool: Yes
  • Inclusions:Dishwasher: Yes
  • Exterior:Stone Siding: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Water Rights:No3: Yes
  • Extras:Cable TV: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • General Info:LvHtSqFt (Abv Grnd): 3777.0
  • General Info:LvHtSqFt (Blw Grnd): 820.0
  • Inclusions:Water Softener: Yes
  • Exterior:Stucco: Yes
  • Substructure:Finished Basement: Yes
  • Inclusions:Oven: Yes
  • Cooling:Central AC: Yes
  • Inclusions:Freezer: Yes
  • Inclusions:Stove Top: Yes
  • Roof:Metal: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Has Basement: Finished
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 820.0
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Living Area: 4597.0
  • Fireplace:Gas: Yes

Exterior Features

  • Construction Type: Stone Veneer, Stucco, Stone
  • Property Condition: Excellent
  • Roof: Metal
  • Construction:Stone: Yes

Garage/Parking

  • Keywords Info:Garage: 2 Car
  • General Info:Garage SqFt: 353.0

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Building Features: Yes
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Radiant, Hot Water, Natural Gas
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Radiant: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 6922.0
  • Parcel #: 273718133054
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 21378.8
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2020
Closed on
Oct 9, 2020
Sold by
Stovitz Kenneth and Stovitz Kenneth
Bought by
263 Park Avenue Llc
Seller's Agent
Steven Shane
Compass Aspen
Buyer's Agent
Galen Bright
Setterfield & Bright
List Price
$12,500,000
Sold Price
$11,750,000
Premium/Discount to List
-$750,000
-6%
Current Estimated Value
$10,135,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,614,766
Avg. Annual Appreciation
-2.72%

Purchase Details

Closed on
Apr 28, 2011
Sold by
Mcgovern P J P and Mcgovern Lisa J
Bought by
Stovitz Family Trust Of 1996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,850,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 15, 2008
Sold by
211 Park Avenue Llc
Bought by
Mcgovern Pj and Mcgovern Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,991,690
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2008
Sold by
Sarvak Bradford
Bought by
211 Park Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,991,690
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2006
Sold by
211 Park Avenue Llc
Bought by
Sarvak Bradford

Purchase Details

Closed on
Jul 16, 2005
Sold by
Sarvak Bradford
Bought by
211 Park Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 28, 2004
Sold by
Dale Park Avenue Llc
Bought by
211 Park Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
5.79%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
263 Park Avenue Llc $11,750,000 None Available
Stovitz Family Trust Of 1996 $6,462,000 Land Title Guarantee Company
Mcgovern Pj $7,300,000 Pct
211 Park Avenue Llc -- None Available
Sarvak Bradford -- None Available
211 Park Avenue Llc -- Stewart Title Of Aspen Inc
Sarvak Bradford -- Stewart Title Of Aspen Inc
211 Park Avenue Llc $1,600,000 Stewart Title
Dale/Park Avenue Llc -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stovitz Family Trust Of 1996 $3,850,000
Previous Owner Mcgovern Pj $2,991,690
Previous Owner Sarvak Bradford $2,500,000
Previous Owner 211 Park Avenue Llc $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2020 10/09/20 Sold $11,750,000 -6.0% $2,556 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $12,500,000 -- $2,719 / Sq Ft
Source: Aspen Glenwood MLS

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 $40,292 $1,116,670 $394,000 $722,670
2023 $37,021 $1,130,210 $398,780 $731,430
2022 $26,465 $714,790 $326,650 $388,140
2021 $26,352 $735,360 $336,050 $399,310
2020 $21,379 $592,180 $264,550 $327,630
2019 $21,379 $592,180 $264,550 $327,630
2018 $17,975 $596,330 $266,400 $329,930
2017 $15,870 $492,920 $252,000 $240,920
2016 $14,643 $445,590 $278,600 $166,990
2015 $14,457 $445,590 $278,600 $166,990
2014 $15,178 $447,040 $270,640 $176,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 165510

Aspen Glenwood MLS

APN: R019135

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