$17,500,000
SOLD JAN 6, 2025

301 S 7th St Aspen, CO 81611

0.93 Acre
$18,817,204 Price per Acre
40,511 Sq Ft Lot

Recently Sold

$19,909 Per Sq Ft

12% Below List Price

470 Days on Market

About This Lot

As of January 2025

Stunning flat development site situated on one of the most desirable streets near downtown Aspen. Spanning 40,407 square feet, this property offers breathtaking views of Tiehack, Willow, Shadow Mountain, and Red Mountain. Easy access to the core via the Hopkins pedestrian corridor, and a footbridge away from the Marolt Open Space, this property presents an ideal location. The property is in Pitkin County and in the R-15 zone district, which eliminates the current issues related to demolition permits within the City of Aspen. A prime site for a large home with extensive outdoor space, the current zoning code permits the construction of an approximate 9,250 square foot residence plus garage using two Transferable Development Rights (TDRs). Detailed information can be found in the Clauson Rawley Associates Land Use report available in our files.

Last Agent to Sell the Property

Lex Tarumianz

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA100014565 Listed on: 08/19/2024

Aspen Snowmass Sotheby's International Realty - Hyman Mall

Co-Listed By

Ryan Smalls

Coldwell Banker Mason Morse-Aspen Brokerage Phone: (970) 925-6060 License #EA40026438

Last Buyer's Agent

Lorrie Winnerman

Lorrie B Aspen, Inc. License #ER.272611

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,863

Lot Details

  • 0.93 Acre Lot
  • Property is zoned R-15

Additional Features

  • Accessory Dwelling Unit (ADU)
  • Mineral Rights Excluded

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 273512300003
  • Seller Concessions Not Offered

Property Details

Property Type

Land

Est. Annual Taxes

$10,863

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Lot
  • Prop. Type: RES Vacant Land
  • Lot Size Acres: 0.93
  • Co List Office Mls Id: CBMMAspen
  • Co List Office Phone: 970-925-7000
  • Subdivision Name: None
  • Directions: Take Hopkins bike path west, left at Seventh, property is on the the right just past the bike and pedestrian path.
  • Tax Parcel Letter: R004203
  • Attribution Contact: (970) 925-6060
  • General Info:Zoning2: R-15
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Financing Info:Taxes2: 10863.12
  • Financing Info:Tax Year2: 2023
  • Sanitation:Sewer: Yes
  • Mineral Rights:No2: Yes
  • General Info:ADU Allowed: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Utilities

  • Water Source: Public

Association/Amenities

  • Listing Info:Member Association: Aspen Association

Lot Info

  • Lot Size Sq Ft: 40407.0
  • Parcel #: 273512300003
  • Zoning: R-15
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10863.12
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Jan 6, 2025
Sold by
Gerbaz James Edmund
Bought by
Oates L Cody
Seller's Agent
Lex Tarumianz
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Lorrie Winnerman
Lorrie B Aspen, Inc.
List Price
$19,995,000
Sold Price
$17,500,000
Premium/Discount to List
-$2,495,000
-12.48%
Views
14
Current Estimated Value
$8,738,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,761,924
Avg. Annual Appreciation
-80.93%

Purchase Details

Closed on
Dec 5, 2022
Sold by
Gerbaz James Edmund
Bought by
Oates Sarah M
Source: Public Records

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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 Type Sale Price Title Company
Personal Reps Deed -- None Listed On Document
Special Warranty Deed $16,650,000 Land Title
Personal Reps Deed -- None Listed On Document
Personal Reps Deed -- None Listed On Document
Personal Reps Deed -- None Listed On Document
Deed Of Distribution -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Sold $17,500,000 -7.9% $19,909 / Sq Ft
02/13/2024 02/13/24 Price Changed $18,995,000 -5.0% $21,610 / Sq Ft
06/14/2023 06/14/23 For Sale $19,995,000 -- $22,747 / 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 $11,907 $413,960 $398,460 $15,500
2023 $11,907 $420,690 $404,930 $15,760
2022 $8,828 $285,800 $278,000 $7,800
2021 $8,805 $294,030 $286,000 $8,030
2020 $8,603 $279,640 $271,700 $7,940
2019 $8,383 $279,640 $271,700 $7,940
2018 $7,697 $281,590 $273,600 $7,990
2017 $6,686 $257,530 $252,000 $5,530
2016 $6,413 $243,350 $238,800 $4,550
2015 $6,373 $243,350 $238,800 $4,550
2014 $5,571 $208,890 $206,960 $1,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 179715

Aspen Glenwood MLS

APN: R004203