NOT LISTED FOR SALE

350 W Reds Rd Aspen, CO 81611

Estimated Value: $18,594,038

5 Beds
4.5 Baths
6,663 Sq Ft
$2,791/Sq Ft Est. Value

Last Sold December 21, 2012

Last sale price $11,000,000 $1,651 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $102,473/month

59 Days on Market

Highlights

  • Spa
  • 0.94 Acre Lot
  • Contemporary Architecture
  • Aspen Middle School Rated A-
  • Green Building
  • Steam Shower

About This Home

As of December 2012

Privately situated on Red Mountain, this beautiful home is highlighted by sweeping mountain views that include Aspen Mountain and the Maroon Bells. Bask in the warmth of the all-day sun from the snowmelted deck & lower level patio that overlook the landscaped grounds with a large grass yard. Amenities include 5 bedrooms, 4.5 baths, 6,663 square feet, gracious great room with stone gas fireplace, formal dining room, nicely appointed kitchen, family/media room, wine room, large master suite with walk-in closet & master bath with steam shower & spa tub, vaulted ceilings with wood beam accents, radiant heat, air conditioning, two car garage, hot tub, and snowmelted driveway.

Last Agent to Sell the Property

Craig Morris

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #EA40009691 Listed on: 10/17/2012

Last Buyer's Agent

Craig Morris

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #EA40009691 Listed on: 10/17/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,425

Year Built

  • Built in 1996

Lot Details

  • 0.94 Acre Lot
  • Home has North and South Exposure
  • Southern Exposure
  • Interior Lot
  • Gentle Sloping Lot
  • Sprinkler System
  • Landscaped with Trees
  • Property is in excellent condition

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Shake Roof
  • Stone Siding

Interior Spaces

  • 6,663 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Gas Fireplace
  • Property Views
  • Finished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Patio

Utilities

  • Central Air
  • Radiant Heating System
  • Water Rights Not Included

Additional Features

  • Green Building
  • Mineral Rights Excluded

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 273501408001

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,425

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.94
  • Inclusions: Dryer, Refrigerator, Washer, Range, Microwave, Dishwasher
  • Subdivision Name: Red Mountain
  • Directions: Red Mountain Road to West Roads Road
  • Architectural Style: Contemporary
  • Master Model: No
  • New Construction: No
  • Year Built: 1996
  • Tax Parcel Letter: R014712
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:REO: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 16425.36
  • Financing Info:Tax Year2: 2012
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Stone Siding: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Water Rights:No3: Yes
  • Extras:Lawn Sprinklers: Yes
  • Miscellaneous:Under Construction3: No
  • Mineral Rights:No2: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Unit Faces:North: Yes
  • Unit Faces:South: Yes
  • Substructure:Finished Basement: Yes
  • Cooling:Central AC: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • Extras:Steam Shower: Yes
  • Roof:Shake: Yes
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Finished
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas, Wood Burning
  • Fireplace: Yes
  • Living Area: 6663.0
  • Fireplace:Gas: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Lot Features: Interior Lot, Landscaped
  • Construction Type: Stone Veneer, Frame
  • Property Condition: Excellent
  • Roof: Shake
  • Construction:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 2 Car
  • Keywords Info:Garage: 2 Car
  • Parking Area:_two_ Car2: Yes

Utilities

  • Laundry Features: Inside
  • Building Features: Yes
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Radiant
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: Public
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Location Amenities:Gentle Topo: Yes
  • Location Amenities:Interior Lot: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 40992.0
  • Parcel #: 273501408001
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 16425.36
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2012
Closed on
Dec 20, 2012
Sold by
Thompson Dennis and Thompson Sharon
Bought by
Halcyon Aspen Llc
Seller's Agent
Craig Morris
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Craig Morris
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$12,500,000
Sold Price
$11,000,000
Premium/Discount to List
-$1,500,000
-12%
Current Estimated Value
$18,594,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,594,038
Avg. Annual Appreciation
1.68%

Purchase Details

Listed on
Oct 17, 2012
Closed on
Dec 6, 2012
Sold by
Thompson Sharon
Bought by
Thompson Family Gst Irrevocable Trust
Seller's Agent
Craig Morris
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Craig Morris
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$12,500,000
Sold Price
$11,000,000
Premium/Discount to List
-$1,500,000
-12%
Source: Public Records

Range of Values:

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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
Halcyon Aspen Llc $11,000,000 Attorneys Title Agency Aspen
Thompson Family Gst Irrevocable Trust -- None Available
Thompson Dennis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thompson Dennis $1,800,000
Previous Owner Thompson Dennis $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2012 12/21/12 Sold $11,000,000 -12.0% $1,651 / Sq Ft
12/15/2012 12/15/12 Pending -- -- --
10/17/2012 10/17/12 For Sale $12,500,000 -- $1,876 / 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 $51,352 $1,785,300 $735,480 $1,049,820
2023 $51,352 $1,805,320 $743,730 $1,061,590
2022 $33,620 $1,061,980 $486,500 $575,480
2021 $33,532 $1,092,540 $500,500 $592,040
2020 $29,195 $948,960 $393,250 $555,710
2019 $29,195 $948,960 $393,250 $555,710
2018 $28,479 $955,600 $396,000 $559,600
2017 $25,001 $1,131,230 $396,000 $735,230
2016 $25,873 $949,620 $437,800 $511,820
2015 $25,712 $949,620 $437,800 $511,820
2014 $22,451 $809,760 $533,320 $276,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 127523

Aspen Glenwood MLS

APN: R014712