$12,500,000
SOLD NOV 17, 2020

294 Draw Dr Aspen, CO 81611

6 Beds
9 Baths
8,872 Sq Ft
0.79 Acres

Recently Sold

$1,409 Per Sq Ft

14% Below List Price

434 Days on Market

Highlights

  • Spa
  • 0.79 Acre Lot
  • Maid or Guest Quarters
  • Aspen Middle School Rated A-
  • Green Building
  • Contemporary Architecture

About This Home

As of July 2023

This sophisticated mountain contemporary estate located on Aspen's prestigious Red Mountain offers awe-inspiring mountain views from every

room. This estate was designed and built with the finest materials and exceptional attention to detail. Each of the multiple outdoor terraces frame different mountainscapes and are perfect for outdoor entertaining or simply enjoying the clean mountain air and breathtaking views. Six bedroom suites, including a spacious master and guest master, make this a wonderful home for large and/or multiple families. Designed for fun and entertaining, the downstairs level includes a full bar and wine enclave, a home theater, billiards table, multiple TV's and a massive fireplace.

Last Agent to Sell the Property

Mark Haldeman

Christie's International Real Estate Aspen Snowmass Brokerage Phone: (970) 544-5800 License #EA.40003614 Listed on: 08/08/2019

Christie's International Real Estate Aspen Snowmass

Co-Listed By

Jennifer Banner

Compass Aspen Brokerage Phone: (970) 544-5800 License #EA40042012

Last Buyer's Agent

Steven Shane

Compass Aspen License #ER040002675

Compass Aspen

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,133

Year Built

  • Built in 2010

Lot Details

  • 0.79 Acre Lot
  • South Facing Home
  • Southern Exposure
  • Landscaped
  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $107 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Composition Shingle Roof

Interior Spaces

  • 8,872 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • 4 Fireplaces
  • Gas Fireplace
  • Property Views
  • Finished Basement

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Maid or Guest Quarters
  • Hydromassage or Jetted Bathtub
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Green Building
  • Solar Heating System

Outdoor Features

  • Spa
  • Patio

Location

  • Mineral Rights Excluded

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 273501404008

Community Details

Overview

  • Association fees include contingency fund, sewer, insurance, snow removal, ground maintenance
  • Ridge Of Red Mountain Subdivision

Recreation

  • Snow Removal

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,133

Year Built

Built in 2010

Lot Details

0

HOA Fees

$107 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.79
  • Co List Office Mls Id: 216506643
  • Co List Office Phone: 970-544-5800
  • Inclusions: Dryer, Freezer, Refrigerator, Washer, Range, Microwave, Dishwasher
  • Subdivision Name: Ridge of Red Mountain
  • Directions: Head north on Mill Street to Red Mountain Road. Turn left on Draw Drive to 294/296. Home is on the left.
  • Architectural Style: Contemporary
  • Master Model: No
  • New Construction: No
  • Year Built: 2010
  • Tax Parcel Letter: R003667
  • Attribution Contact: (970) 544-5800
  • 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:REO: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 3.0
  • General Info:Short Termable: Yes
  • Financing Info:Taxes2: 32133.3
  • Financing Info:Tax Year2: 2018
  • Extras:GuestCaretaker Qtrs: Yes
  • Extras:Hot TubSpa: Yes
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Water Rights:No3: Yes
  • Extras:Cable TV: Yes
  • Extras:Lawn Sprinklers: Yes
  • Roof:Composition Shingles: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • HOA Fees Includes:Insurance: Yes
  • HOA Fees Includes:Snow Removal: Yes
  • Extras:Elevator: Yes
  • Unit Faces:South: Yes
  • Substructure:Finished Basement: Yes
  • Cooling:Central AC: Yes
  • Inclusions:Freezer: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • Extras:Steam Shower: Yes
  • Extras:Softener: Yes
  • Extras:Indoor Jetted Tub: Yes
  • Financing Info:HOA Dues YN: Yes
  • Financing Info Total HOA Fee Per Year2: 1287.0
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Has Basement: Finished
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Gas
  • Fireplaces: 4
  • Fireplace: Yes
  • Interior Amenities: Elevator
  • Living Area: 8872.0
  • Fireplace:Gas: Yes

Exterior Features

  • Lot Features: Landscaped
  • Property Condition: Excellent
  • Roof: Composition

Utilities

  • Laundry Features: Inside
  • Building Features: Yes
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Solar, Radiant, Hot Water, 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
  • Heating:Hot Water: Yes
  • Heating:Solar: Yes

Condo/Co-op/Association

  • Association Fee: 1287.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Financing Info:Association Fee2: 1287.0
  • Financing Info:Association Fee Frequency2: Annually
  • Location Amenities:Exposure Southern: Yes

Fee Information

  • Association Fee Includes: Contingency Fund, Sewer, Insurance, Snow Removal, Maintenance Grounds

Lot Info

  • Lot Size Sq Ft: 34412.0
  • Parcel #: 273501404008
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 32133.3
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Jul 24, 2023
Sold by
Grode Family Living Trust
Bought by
Charles Bushong Living Trust
Seller's Agent
Mandy Welgos
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Jonathan Boxer
Christie's International Real Estate Aspen Snowmass
List Price
$21,000,000
Sold Price
$21,000,000
Views
18
Current Estimated Value
$14,687,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,312,444
Avg. Annual Appreciation
-14.54%

Purchase Details

Listed on
Aug 8, 2019
Closed on
Nov 17, 2020
Sold by
Kirshon Family Ltd
Bought by
Grode Family Living Trust
Seller's Agent
Mark Haldeman
Christie's International Real Estate Aspen Snowmass
Buyer's Agent
Steven Shane
Compass Aspen
List Price
$14,495,000
Sold Price
$12,500,000
Premium/Discount to List
-$1,995,000
-13.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.36%
Original Mortgage
$8,500,000
Interest Rate
2.21%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2019
Closed on
Nov 16, 2020
Sold by
Kirshon Family Limited Partnership
Bought by
Kirshon Family Ltd
Seller's Agent
Mark Haldeman
Christie's International Real Estate Aspen Snowmass
Buyer's Agent
Steven Shane
Compass Aspen
List Price
$14,495,000
Sold Price
$12,500,000
Premium/Discount to List
-$1,995,000
-13.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,500,000
Interest Rate
2.21%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2019
Closed on
Nov 1, 2020
Sold by
Kirshon Family Limited Partnership
Bought by
Kirshon Family Ltd
Seller's Agent
Mark Haldeman
Christie's International Real Estate Aspen Snowmass
Buyer's Agent
Steven Shane
Compass Aspen
List Price
$14,495,000
Sold Price
$12,500,000
Premium/Discount to List
-$1,995,000
-13.76%

Purchase Details

Closed on
Apr 16, 2008
Sold by
Kirshon Brian and Kirshon Carol
Bought by
Kirshon Family Ltd

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
6.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 28, 2001
Sold by
Johnson Aspen Holdings Llc
Bought by
Kirshon Family Ltd Partnership
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $21,000,000 Attorneys Title
Warranty Deed $12,500,000 Land Title Guarantee Co
Quit Claim Deed -- Land Title
Quit Claim Deed -- Land Title Guarantee Co
Warranty Deed -- None Available
Warranty Deed $2,645,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $8,500,000 New Conventional
Previous Owner $8,500,000 New Conventional
Previous Owner $4,875,617 New Conventional
Previous Owner $5,175,000 Construction
Previous Owner $2,500,000 Unknown
Previous Owner $1,500,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2023 07/24/23 Sold $21,000,000 0.0% $2,367 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $21,000,000 +68.0% $2,367 / Sq Ft
11/17/2020 11/17/20 Sold $12,500,000 -13.8% $1,409 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
08/08/2019 08/08/19 For Sale $14,495,000 -- $1,634 / 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 $65,190 $2,266,390 $568,580 $1,697,810
2023 $65,190 $2,291,080 $574,770 $1,716,310
2022 $38,887 $1,228,360 $486,500 $741,860
2021 $38,786 $1,263,710 $500,500 $763,210
2020 $30,356 $986,700 $443,300 $543,400
2019 $30,356 $986,700 $443,300 $543,400
2018 $32,133 $1,112,990 $446,400 $666,590
2017 $27,912 $1,045,020 $324,000 $721,020
2016 $23,134 $849,070 $398,000 $451,070
2015 $22,989 $849,070 $398,000 $451,070
2014 $21,137 $762,370 $437,800 $324,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 160832

Aspen Glenwood MLS

APN: R003667