$13,400,000
SOLD NOV 27, 2024

371 E Reds Rd Aspen, CO 81611

4 Beds
4 Baths
4,047 Sq Ft
0.69 Acres

Recently Sold

$3,311 Per Sq Ft

12% Below List Price

29 Days on Market

Highlights

  • 0.69 Acre Lot
  • Green Building
  • Main Floor Primary Bedroom
  • Aspen Middle School Rated A-
  • Lake, Pond or Stream
  • Furnished

About This Home

As of November 2024

Situated in one of Aspen's most coveted enclaves, this exclusive residence on Red Mountain offers unparalleled privacy and tranquility while being just moments away from the vibrant energy of downtown Aspen. The open design provides ample space for hosting gatherings or enjoying quiet moments of relaxation. Enjoy the lush landscaping and a sparkling seasonal stream in the summer. In the winter snow blankets the expansive lawn and you are five minutes by car to the Aspen Mountain gondola. This home is comprised of four bedrooms and four full bathrooms as well as a very large family room for friends and family. The spacious primary bedroom features a private deck and spectacular southwest views. Built in 1987 with 4047 square feet, you can live comfortably without changing a thing or the layout is very conducive to making your own updates.

Last Agent to Sell the Property

Jackson Horn

Douglas Elliman Real Estate-Hyman Ave Brokerage Phone: (970) 925-8810 License #FA100042904 Listed on: 07/22/2024

Douglas Elliman Real Estate-Hyman Ave

Co-Listed By

Kimberlee Coates

Douglas Elliman Real Estate-Hyman Ave Brokerage Phone: (970) 925-8810 License #FA1099135

Last Buyer's Agent

Emery Holton

Douglas Elliman Real Estate-Durant License #FA100073765

Douglas Elliman Real Estate-Durant

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,444

Year Built

  • Built in 1987

Lot Details

  • 0.69 Acre Lot
  • South Facing Home
  • Sprinkler System
  • Landscaped with Trees
  • Property is in good condition

HOA Fees

  • $188 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Split Level Home
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 4,047 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Window Treatments
  • Property Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Green Building

Outdoor Features

  • Lake, Pond or Stream
  • Patio

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • Association fees include sewer
  • Red Mountain Ranch Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273706303007
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,444

Year Built

Built in 1987

Lot Details

0

HOA Fees

$188 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.69
  • Co List Office Mls Id: DougEll-Hyman
  • Co List Office Phone: 970-925-8810
  • Inclusions: Dryer, Oven, Refrigerator, Washer, Window Coverings, Range, Microwave, Dishwasher
  • Subdivision Name: Red Mountain Ranch
  • Directions: Drive up Red Mtn Road to Red Mtn Ranch. Take a right on East Reds Road, driveway on the left.
  • Above Grade Finished Sq Ft: 4047.0
  • Architectural Style: Split Level
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 1987
  • Tax Parcel Letter: R003470
  • Attribution Contact: (970) 925-8810
  • Location Info:Furnished: Yes
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Res
  • General Info:Main Floor Master: Yes
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • Listing Info:ADU: No
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 24444.0
  • Financing Info:Tax Year2: 2023
  • Extras:PatioDeck: Yes
  • Listing Info:New Construction: No
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Wood Siding: Yes
  • Inclusions:Range: Yes
  • Extras:Cable TV: Yes
  • Extras:Lawn Sprinklers: Yes
  • Condition:Good: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • General Info:LvHtSqFt (Abv Grnd): 4047.0
  • General Info:Unit Faces: South
  • Inclusions:Oven: Yes
  • Roof:Shake: Yes
  • Style:Split Level: Yes
  • Financing Info:HOA Dues YN: Yes
  • Financing Info Total HOA Fee Per Year2: 2261.0
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Living Area: 4047.0

Exterior Features

  • Construction Type: Wood Siding
  • Direction Faces: South
  • Property Condition: Good
  • Roof: Shake

Garage/Parking

  • Keywords Info:Garage: 2 Car
  • General Info:Garage SqFt: 558.0

Utilities

  • Laundry Features: Inside
  • Building Features: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association Fee: 2261.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Financing Info:Association Fee2: 2261.0
  • Financing Info:Association Fee Frequency2: Annually
  • Location Amenities:Trees: Yes
  • Location Amenities:Pond Stream Lake: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 30056.0
  • Parcel #: 273706303007
  • Zoning: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 24444.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Nov 27, 2024
Sold by
Jjr House Llc
Bought by
371 E Reds Road Aspen Llc
Seller's Agent
Jackson Horn
Douglas Elliman Real Estate-Hyman Ave
Buyer's Agent
Emery Holton
Douglas Elliman Real Estate-Durant
List Price
$15,300,000
Sold Price
$13,400,000
Premium/Discount to List
-$1,900,000
-12.42%
Views
14
Current Estimated Value
$12,718,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$681,774
Avg. Annual Appreciation
-24.88%
Original Mortgage
$10,000,000
Outstanding Balance
$9,963,120
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$665,700

Purchase Details

Closed on
Jan 18, 2014
Sold by
Jjr Trust
Bought by
Jjr House Llc

Purchase Details

Closed on
Jan 6, 2003
Sold by
Julie Berglund Baker Trust
Bought by
Jjr Trust

Purchase Details

Closed on
Dec 30, 2002
Sold by
Boji Lp
Bought by
Julie Beralund Baker Trust
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 Type Sale Price Title Company
Special Warranty Deed $13,400,000 Land Title Guarantee
Special Warranty Deed $13,400,000 Land Title Guarantee
Warranty Deed -- None Available
Warranty Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,000,000 New Conventional
Closed $10,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $13,400,000 -12.4% $3,311 / Sq Ft
07/22/2024 07/22/24 For Sale $15,300,000 -- $3,781 / 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 $26,793 $931,490 $600,620 $330,870
2023 $26,793 $943,230 $608,190 $335,040
2022 $17,051 $538,590 $410,050 $128,540
2021 $17,006 $554,090 $421,850 $132,240
2020 $17,730 $576,300 $393,250 $183,050
2019 $17,730 $576,300 $393,250 $183,050
2018 $14,101 $580,330 $396,000 $184,330
2017 $12,249 $458,600 $324,000 $134,600
2016 $12,553 $460,710 $318,400 $142,310
2015 $12,474 $460,710 $318,400 $142,310
2014 $12,127 $437,400 $298,500 $138,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 184740

Aspen Glenwood MLS

APN: R003470