NOT LISTED FOR SALE

274 Draw Dr Aspen, CO 81611

Estimated Value: $6,783,000 - $12,022,861

4 Beds
5.5 Baths
4,973 Sq Ft
$1,891/Sq Ft Est. Value

Last Sold April 08, 2019

Last sale price $12,000,000 $2,413 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $51,323/month

34 Days on Market

Highlights

  • Spa
  • 0.74 Acre Lot
  • Air Conditioning
  • Aspen Middle School Rated A-
  • Contemporary Architecture
  • Views

About This Home

As of April 2019

This recently remodeled, contemporary Red Mountain residence features quality finishes throughout. Spectacular, panoramic views of Aspen Mountain, Highlands Bowl, Buttermilk Mountain and beyond. An abundance of natural light, high vaulted ceilings and a flowing open floor plan provide seamless living and entertaining from kitchen, to dining space to great room. Two separate entertaining areas on the main and lower level provide ample room for entertaining guests and family.

The master bedroom is located on a separate top floor, providing breathtaking views and a level of privacy. The three lower level bedrooms are all above grade, generous en-suite bedrooms with a fourth flex room that can accommodate additional guests.The outdoor private patio, second terrace, fire pit and hot tub make this a special four season home. The outdoor private patio, second terrace, fire pit and hot tub make this a special four season home.

Last Agent to Sell the Property

Sam Augustine

Compass Aspen Brokerage Phone: 970-925-6063 License #FA100074252 Listed on: 06/15/2018

Compass Aspen

Co-Listed By

Steven Shane

Compass Aspen Brokerage Phone: 970-925-6063 License #ER040002675

Last Buyer's Agent

Trish Hirsch

Hirsch Properties, LLC License #ER.040041262

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,468

Year Built

  • Built in 1984

Lot Details

  • 0.74 Acre Lot
  • Landscaped with Trees
  • Property is in excellent condition

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 4,973 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Property Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Carport

Outdoor Features

  • Spa
  • Patio

Location

  • Mineral Rights Excluded

Utilities

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

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 273501404009

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,468

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.74
  • Co List Office Mls Id: CompassAspen
  • Inclusions: Ceiling Fan, Dryer, Refrigerator, Washer, Window Coverings, Range, Microwave, Dishwasher
  • Subdivision Name: Ridge of Red Mountain
  • Directions: Follow Red Mountain Rd. to Draw Drive. Take left and turn onto Draw Drive. The homes is on the left hand side of Draw Drive.
  • Architectural Style: Contemporary
  • Carport Y N: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 1984
  • Tax Parcel Letter: R003846
  • Attribution Contact: 970-925-6063
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: RES
  • 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
  • Financing Info:Taxes2: 13468.0
  • Financing Info:Tax Year2: 2017
  • Extras:Hot TubSpa: Yes
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Wood Siding: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Substructure:Slab: Yes
  • Water Rights:No3: Yes
  • Extras:Cable TV: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Ceiling Fan: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • Exterior:Stucco: Yes
  • Carport:_two_ Car: Yes
  • Cooling:AC: Yes
  • Financing Info:HOA Dues YN: Yes
  • Special Features: None

Interior Features

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 4973.0
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Lot Features: Landscaped
  • Construction Type: Wood Siding, Stucco, Frame
  • Foundation Details: Slab
  • Property Condition: Excellent
  • Roof: Other
  • Construction:Frame: Yes

Garage/Parking

  • Keywords Info:Garage: 2 Car

Utilities

  • Laundry Features: Inside
  • Cooling: A/C
  • Cooling Y N: Yes
  • Heating: Radiant, Natural Gas, Forced Air
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Radiant: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

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

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 32234.0
  • Parcel #: 273501404009
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 13468.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2018
Closed on
Mar 3, 2019
Sold by
Young Michael and Young Sharon
Bought by
274 Draw Drive Llc
Seller's Agent
Sam Augustine
Compass Aspen
Buyer's Agent
Trish Hirsch
Hirsch Properties, LLC
List Price
$12,750,000
Sold Price
$12,000,000
Premium/Discount to List
-$750,000
-5.88%
Current Estimated Value
$9,402,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,597,069
Avg. Annual Appreciation
-3.53%

Purchase Details

Closed on
May 11, 2015
Sold by
Draw Drive Llc
Bought by
Young Michael and Young Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,192,500
Interest Rate
2.95%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 21, 2014
Closed on
Mar 18, 2014
Sold by
Beeson John S
Bought by
Draw Drive Llc
Seller's Agent
Caroline Christensen
Coldwell Banker Mason Morse-Aspen
Buyer's Agent
Steven Shane
Shane Aspen
List Price
$4,800,000
Sold Price
$4,000,000
Premium/Discount to List
-$800,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.48%

Purchase Details

Closed on
Sep 12, 2006
Sold by
Shirlee Kay Myers Trust
Bought by
Beeson John S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,250,000
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2003
Sold by
Myers Shirlee K
Bought by
Kay Shirlee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2002
Sold by
Myers Shirlee K
Bought by
Kay Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2002
Sold by
Kay Shirlee
Bought by
Myers Shirlee K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
274 Draw Drive Llc $12,000,000 Attorney Ttl Ins Agcy Of Asp
Young Michael $6,385,000 None Available
Draw Drive Llc $4,000,000 None Available
Beeson John S $4,250,000 Land Title Guarantee Company
Kay Shirlee -- --
Myers Shirlee K -- The Title Co Of The Rockies
Kay Shirley -- --
Myers Shirlee K -- The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Young Michael $3,192,500
Previous Owner Beeson John S $3,250,000
Previous Owner Myers Shirlee K $370,000
Previous Owner Myers Shirlee K $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2019 04/08/19 Sold $12,000,000 -5.9% $2,413 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $12,750,000 +218.8% $2,564 / Sq Ft
03/18/2014 03/18/14 Sold $4,000,000 -16.7% $798 / Sq Ft View Prior Sale
01/24/2014 01/24/14 Pending -- -- --
01/21/2014 01/21/14 For Sale $4,800,000 -- $958 / 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 $31,692 $1,101,810 $567,600 $534,210
2023 $31,692 $1,115,220 $575,030 $540,190
2022 $26,674 $842,570 $486,500 $356,070
2021 $26,604 $866,820 $500,500 $366,320
2020 $23,506 $764,050 $443,300 $320,750
2019 $23,506 $764,050 $443,300 $320,750
2018 $15,505 $769,390 $446,400 $322,990
2017 $13,468 $504,240 $237,600 $266,640
2016 $10,643 $390,640 $222,880 $167,760
2015 $8,211 $303,260 $222,880 $80,380
2014 $8,879 $320,260 $214,920 $105,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 154645

Aspen Glenwood MLS

APN: R003846