NOT LISTED FOR SALE

350 E Summit St Unit C Aspen, CO 81611

Estimated Value: $5,297,000 - $10,996,323

3 Beds
3.5 Baths
2,734 Sq Ft
$1,283/mo HOA Fee

Last Sold June 06, 2022

Last sale price $10,800,000 $3,950 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $51,912/month

13 Days on Market

Highlights

  • Ski Accessible
  • 3 Fireplaces
  • Air Conditioning
  • Aspen Middle School Rated A-
  • Corner Lot
  • 4-minute walk to Wagner Park

About This Home

As of June 2022

Perched between the gondola and Lift 1A just two blocks from Aspen's core, this four-level light-filled home has the most enviable location of all. The views are stellar from most every room with Aspen Mountain front-and-center from the sunny top-floor main living area with wet bar and deck. The staircase windows look east to the gondola and the north-facing deck overlooks downtown with Red Mountain and Smuggler Mountain as backdrops. Ski-in and walk-out access, the home's elevator, and private two-car garage are rare finds. Two spacious, well-appointed master suites with fireplaces and marble baths, an inspiring office, a third bedroom with adjacent ski room, and generous storage complete the ultimate Aspen vacation home.

Last Agent to Sell the Property

Doug Nehasil

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #EA1318349 Listed on: 04/04/2022

Aspen Snowmass Sotheby's International Realty - Hyman Mall

Co-Listed By

Kristen Maley

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA40008852

Last Buyer's Agent

Ksenia Tyutrina

Insider Aspen License #II100081708

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,734

Year Built

  • Built in 1994

Lot Details

  • South Facing Home
  • Southern Exposure
  • Property is in good condition

HOA Fees

  • $1,283 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Poured Concrete
  • Frame Construction
  • Membrane Roofing
  • Metal Roof
  • Stone Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4-Story Property
  • Partially Furnished
  • Ceiling Fan
  • 3 Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Finished Basement
  • Walk-Out Basement
  • Home Security System
  • Property Views

Kitchen

  • Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Water Rights Not Included

Additional Features

  • Patio
  • Mineral Rights Excluded

Listing and Financial Details

  • Assessor Parcel Number 273718287003

Community Details

Overview

  • Association fees include contingency fund, sewer, insurance, water, trash, snow removal, ground maintenance
  • Summit Place Subdivision
  • On-Site Maintenance

Recreation

  • Ski Accessible
  • Snow Removal

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,734

Year Built

Built in 1994

Lot Details

0

HOA Fees

$1,283 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: ASSHMA
  • Inclusions: Ceiling Fan, Dryer, Oven, Refrigerator, Washer, Window Coverings, Stove Top, Range, Microwave, Dishwasher
  • Subdivision Name: Summit Place
  • Directions: Turn south on Mill St. Summit Place is located on the corner of Mill St. and Summit St. Park on street where allowed or in front of left garage door if available.
  • Above Grade Finished Sq Ft: 2179.0
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 1994
  • Tax Parcel Letter: R014542
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: Partial
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: RMF
  • 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: 4.0
  • General Info:Short Termable: Yes
  • Financing Info:Taxes2: 17734.04
  • Financing Info:Tax Year2: 2021
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Stone Siding: Yes
  • Inclusions:Range: Yes
  • HOA Fees Includes:Grounds Maintenance: Yes
  • Roof:Membrane: Yes
  • Water Rights:No3: Yes
  • Electric:Yes: Public
  • Condition:Good: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Ceiling Fan: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • HOA Fees Includes:Insurance: Yes
  • HOA Fees Includes:Sewer2: Yes
  • HOA Fees Includes:Snow Removal: Yes
  • HOA Fees Includes:Trash: Yes
  • HOA Fees Includes:Water: Yes
  • General Info:LvHtSqFt (Abv Grnd): 2179.0
  • Extras:Elevator: Yes
  • General Info:LvHtSqFt (Blw Grnd): 555.0
  • Exterior:Stucco: Yes
  • General Info:Unit Faces: South
  • Substructure:Finished Basement: Yes
  • Substructure:Walkout: Yes
  • Inclusions:Oven: Yes
  • Inclusions:Stove Top: Yes
  • Roof:Metal: Yes
  • Cooling:AC: Yes
  • Financing Info:HOA Dues YN: Yes
  • Financing Info Total HOA Fee Per Year2: 15400.0
  • Special Features: VirtualTour

Interior Features

  • Furnished: Partially
  • Has Basement: Walk-Out Access, Finished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 555.0
  • Fireplace Features: Gas
  • Fireplaces: 3
  • Fireplace: Yes
  • Interior Amenities: Elevator
  • Living Area: 2734.0
  • Fireplace:Gas: Yes

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Stone Veneer, Stucco, Concrete, Frame, Block
  • Direction Faces: South
  • Property Condition: Good
  • Roof: Metal, Membrane
  • Construction:Frame: Yes
  • Construction:Poured Concrete: Yes
  • Construction:Concrete Block: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 Car
  • Keywords Info:Garage: 2 Car
  • General Info:Garage SqFt: 527.0
  • Parking Area:_one_ Car2: Yes

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Cooling: A/C
  • Cooling Y N: Yes
  • Heating: Radiant, Natural Gas
  • Heating Yn: Yes
  • Electric: Yes
  • Utilities: Natural Gas Available
  • Water Source: Public
  • Heating:Radiant: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: Pets Allowed/Owner
  • Association Fee: 3850.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Financing Info:Association Fee2: 3850.0
  • Financing Info:Association Fee Frequency2: Quarterly
  • HOA Amenities:Pets AllowedOwner: Yes
  • Location Amenities:Corner Lot: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Ski In Access: Yes

Fee Information

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

Lot Info

  • Parcel #: 273718287003
  • Zoning: RMF

Tax Info

  • Tax Annual Amount: 17734.04
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Jun 6, 2022
Sold by
Hearst Peter S
Bought by
Derrick Mitchell J
Seller's Agent
Doug Nehasil
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Ksenia Tyutrina
Insider Aspen
List Price
$10,950,000
Sold Price
$10,800,000
Premium/Discount to List
-$150,000
-1.37%
Current Estimated Value
$8,810,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,989,689
Avg. Annual Appreciation
-9.01%
Original Mortgage
$8,640,000
Outstanding Balance
$8,169,699
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
-$155,372

Purchase Details

Closed on
Oct 1, 2021
Sold by
Hearst Barbara B and Hearst Peter S
Bought by
Hearst Peter S

Purchase Details

Closed on
Jun 25, 2010
Sold by
Hearst Barbara B and Hearst Peter S
Bought by
Hearst Barbara Birch and Hearst Peter S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.73%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 29, 2005
Sold by
Hearst Peter S and Hearst Barbara B
Bought by
Hearst Barbara B and Hearst Peter S

Purchase Details

Closed on
Apr 3, 2003
Sold by
Hearst Barbara B and Hearst Peter S
Bought by
Hearst Barbara B and Hearst Peter S
Source: Public Records

Range of Values:

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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
Derrick Mitchell J $10,800 Land Title
Hearst Peter S -- None Available
Hearst Barbara Birch -- Stewart Title
Hearst Barbara B -- --
Hearst Barbara B -- --
Hearst Peter S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derrick Mitchell J $8,640,000
Previous Owner Hearst Barbara Birch $2,000,000
Previous Owner Hearst Barbara Birch $1,000,000
Previous Owner Hearst Peter S $474,000
Previous Owner Hearst Barbara B $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $10,800,000 -1.4% $3,950 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $10,950,000 -- $4,005 / 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 $23,653 $719,490 $0 $719,490
2023 $23,653 $729,180 $0 $729,180
2022 $17,811 $485,810 $0 $485,810
2021 $17,734 $499,790 $0 $499,790
2020 $16,619 $465,180 $0 $465,180
2019 $16,619 $465,180 $0 $465,180
2018 $13,263 $468,430 $0 $468,430
2017 $11,703 $367,950 $0 $367,950
2016 $13,933 $429,060 $0 $429,060
2015 $13,753 $429,060 $0 $429,060
2014 $10,211 $304,430 $0 $304,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 174327

Aspen Glenwood MLS

APN: R014542