NOT LISTED FOR SALE

2900 W Buttermilk Rd Aspen, CO 81611

Estimated Value: $4,963,000 - $28,403,130

10 Beds
13 Baths
17,657 Sq Ft
$945/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $21,000,000 $1,189 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $100,975/month

1,171 Days on Market

Highlights

  • Ski Accessible
  • Barn
  • Spa
  • Aspen Middle School Rated A-
  • Horse Property
  • 61 Acre Lot

About This Home

As of July 2020

If a home with little privacy on a small lot in town with neighbors close by and traffic running past your front door is what appeals to you, then keep looking. But, if you want privacy (end of the road and gated), a large expansive parcel with room to stretch (60+ acres adjoining BLM and Forest), a private ski run (the ONLY ski-in/out property on West Buttermilk) and irreplaceable improvements (20,000 square feet of livable space/10 bedrooms/7,000 square foot multi-use barn) appeal to you, then Owl Mountain Ranch just may be your dream home. And with a price tag that's been drastically reduced (from $50M to $29.5M) this just may be the opportunity of a lifetime.

Last Agent to Sell the Property

Eric Cohen

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA40015466 Listed on: 03/16/2017

Co-Listed By

Craig Morris

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #EA40009691

Last Buyer's Agent

Andrew Ernemann

Aspen Snowmass Sotheby's International Realty - Hyman Mall License #FA100028587

Aspen Snowmass Sotheby's International Realty - Hyman Mall

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,540

Year Built

  • Built in 2006

Lot Details

  • 61 Acre Lot
  • East Facing Home
  • Lot Has A Rolling Slope
  • Sprinkler System
  • Landscaped with Trees
  • Property is in excellent condition

Parking

  • 3 Car Garage

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 17,657 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Gas Fireplace
  • Property Views
  • Finished Basement

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Maid or Guest Quarters
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Horse Property
  • Patio

Farming

  • Barn

Utilities

  • Forced Air Heating and Cooling System
  • Septic Tank
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 273509101002

Community Details

Overview

  • No Home Owners Association
  • West Buttermilk Subdivision
  • Property is near a preserve or public land

Recreation

  • Ski Accessible

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,540

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 61.0
  • Co List Office Mls Id: ASSHMA
  • Inclusions: Dryer, Freezer, Oven, Refrigerator, Washer, Range, Microwave, Dishwasher
  • Subdivision Name: West Buttermilk
  • Directions: Hwy 82 to Owl Creek Road. Left on W. Buttermilk Road to the gate. Through the gate on a long driveway to the house.
  • Master Model: No
  • New Construction: No
  • Year Built: 2006
  • Tax Parcel Letter: R015962
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential
  • General Info:Main Floor Master: No
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:REO: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 3.0
  • Financing Info:Taxes2: 50540.0
  • Financing Info:Tax Year2: 2020
  • Extras:GuestCaretaker Qtrs: Yes
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Stone Siding: Yes
  • Exterior:Wood Siding: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Extras:Lawn Sprinklers: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Unit Faces:East: Yes
  • Substructure:Finished Basement: Yes
  • Water:Community: Yes
  • Sanitation:Septic: Yes
  • Inclusions:Oven: Yes
  • Cooling:Central AC: Yes
  • Inclusions:Freezer: Yes
  • Roof:Metal: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • Extras:Steam Shower: Yes
  • Extras:Barn or Corral: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Finished
  • Full Bathrooms: 10
  • Half Bathrooms: 3
  • Total Bedrooms: 10
  • Fireplace Features: Gas, Wood Burning
  • Fireplace: Yes
  • Living Area: 17657.0
  • Fireplace:Gas: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Lot Features: Landscaped
  • Construction Type: Wood Siding, Stone Veneer, Frame
  • Property Condition: Excellent
  • Roof: Metal
  • Construction:Frame: Yes

Garage/Parking

  • Keywords Info:Garage: 3 Car

Utilities

  • Laundry Features: Inside
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available
  • Water Source: Community
  • Heating:Forced Air: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Location Amenities:Trees: Yes
  • Location Amenities:Ski In Access: Yes
  • Location Amenities:Ski Out Access: Yes
  • Location Amenities:Rolling Topo: Yes
  • Location Amenities:Borders Public Land: Yes
  • Location Amenities:Horse Property: Yes

Lot Info

  • Lot Size Sq Ft: 3255674.0
  • Parcel #: 273509101002
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 50540.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2017
Closed on
Jul 1, 2020
Sold by
Owl Mountain Ranch Llc
Bought by
2900 West Buttermilk Road Llc
Seller's Agent
Eric Cohen
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Andrew Ernemann
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$50,000,000
Sold Price
$21,000,000
Premium/Discount to List
-$29,000,000
-58%
Current Estimated Value
$16,683,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,316,935
Avg. Annual Appreciation
-4.61%

Purchase Details

Closed on
Dec 12, 2006
Sold by
Kroeger Hal A and Hal A Kroeger Revocable Living
Bought by
Owl Mountain Ranch Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
2900 West Buttermilk Road Llc $21,000,000 Attorneys Title Aspen
Owl Mountain Ranch Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2900 West Buttermilk Road Llc $12,000,000
Previous Owner Owl Mountain Ranch Llc $5,000,000
Previous Owner Kroeger Hal A $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $21,000,000 -58.0% $1,189 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
03/16/2017 03/16/17 For Sale $50,000,000 -- $2,832 / 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 $106,040 $3,018,750 $474,020 $2,544,730
2023 $97,964 $3,050,750 $479,040 $2,571,710
2022 $77,651 $1,748,550 $298,360 $1,450,190
2021 $78,114 $1,798,870 $306,950 $1,491,920
2020 $65,184 $1,466,980 $289,580 $1,177,400
2019 $65,184 $1,466,980 $289,580 $1,177,400
2018 $50,540 $1,477,240 $291,600 $1,185,640
2017 $45,202 $1,168,440 $285,770 $882,670
2016 $43,489 $68,060 $68,060 $0
2015 $2,873 $68,060 $68,060 $0
2014 $2,848 $68,060 $68,060 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Eric Cohen

    Aspen Snowmass Sotheby's International Realty - Hyman Mall

    (970) 925-6060

    39 Total Sales

    Eric Cohen
    Section Image

  • C

    Seller Co-Listing Agent in 2020

    Craig Morris

    Aspen Snowmass Sotheby's International Realty - Hyman Mall

    (970) 429-1090

    101 Total Sales

    Craig Morris
    Section Image
  • Andrew Ernemann

    Buyer's Agent in 2020

    Andrew Ernemann

    Aspen Snowmass Sotheby's International Realty - Hyman Mall

    (970) 379-8125

    48 Total Sales

    Andrew Ernemann
    Section Image
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Map

Source: Aspen Glenwood MLS

MLS Number: 148037

Aspen Glenwood MLS

APN: R015962

Colorado Pitkin County Aspen 81611

2900 W Buttermilk Rd, Aspen, CO

This home is located at 2900 W Buttermilk Rd, Aspen, CO 81611 since 16 March 2017 and is currently estimated at $16,683,065, approximately $944 per square foot. This property was built in 2006. 2900 W Buttermilk Rd is a home located in Pitkin County with nearby schools including Aspen Elementary School, Aspen Middle School, and Aspen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Aspen Glenwood MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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