NOT LISTED FOR SALE

40 Spruce Ct Aspen, CO 81611

Aspen Area

Estimated Value: $5,079,000 - $14,162,624

1.02 Acres
$9,432,169 Price per Acre
44,431 Sq Ft Lot

Sale Details

Date Sold: May 26, 2020

Last sale price $5,500,000 $743 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $55,665 / mo

647 Days on Market

Highlights

  • 1.02 Acre Lot
  • Green Building
  • No HOA
  • Aspen Middle School Rated A-
  • Wooded Lot
  • Cul-De-Sac

About This Lot

As of May 2020

By far the most amazing lot opportunity for 2020! Very rare to find a flat acre of land within walking distance to the Core. Astounding views of Aspen Mountain, Smuggler Mountain, Red Mountain and Mount Sopris from this private lot with plenty of room to build your dream home in Aspen. Gorgeous aspen groves, walk to town and have the land to create an outdoor recreational area that exceeds anything in Aspen with a FULL FLAT ACRE! Very special and unique, the land has privacy and tremendous views. See the uploaded development rights. Rights to build 9,173 heated square feet plus a 750 square foot garage. 200 yards away from American Lane lots priced over four times higher.

Last Agent to Sell the Property

Wendalin Whitman

Whitman Fine Properties Brokerage Phone: (970) 544-3771 License #ER.001311517 Listed on: 07/27/2018

Last Buyer's Agent

Wendalin Whitman

Whitman Fine Properties Brokerage Phone: (970) 544-3771 License #ER.001311517 Listed on: 07/27/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $32,119

Lot Details

  • 1.02 Acre Lot
  • Cul-De-Sac
  • Fenced
  • Level Lot
  • Wooded Lot
  • Property is zoned R-30

Utilities

  • Underground Utilities
  • Gas Available
  • Water Rights Not Included

Additional Features

  • Green Building
  • Accessory Dwelling Unit (ADU)
  • Mineral Rights Excluded
  • Property Views

Community Details

  • No Home Owners Association
  • Spruce Street Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273707106002

Property Details

Property Type

Land

Est. Annual Taxes

$32,119

Lot Details

1.02 Acres

Listing Details

  • Property Sub Type: Single Family Lot
  • Prop. Type: RES Vacant Land
  • Lot Size Acres: 1.02
  • Subdivision Name: Spruce Street
  • Directions: From Main Street heading east, turn left onto Mill Street. Right on Gibson Avenue then turn left onto South Avenue, continue on to Spruce Street and veer left to Spruce Court. Property is on left.
  • Tax Parcel Letter: R021391
  • Attribution Contact: (970) 544-3771
  • General Info:Zoning2: R-30
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Financing Info:Taxes2: 32118.68
  • Financing Info:Tax Year2: 2019
  • Sanitation:Sewer: Yes
  • Mineral Rights:No2: Yes
  • Lot Description:Flat: Yes
  • Water Rights:None6: Yes
  • Extras:Fencing: Yes
  • Lot Description:Wooded Lot: Yes
  • Lot Description:Cul-de-Sac2: Yes
  • Extras:Underground Utility: Yes
  • General Info:ADU Allowed: Yes
  • Gas:Available2: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Exterior Features

  • Fencing: Fenced
  • Disclosures: Easements

Utilities

  • Building Features: Yes
  • Water Source: Public

Association/Amenities

  • Listing Info:Member Association: Aspen Association

Lot Info

  • Lot Size Sq Ft: 44651.0
  • Parcel #: 273707106002
  • Zoning: R-30
  • ResoLotSizeUnits: Acres
  • Lot Description View: Yes

Tax Info

  • Tax Annual Amount: 32118.68
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2018
Closed on
May 22, 2020
Sold by
Bought by
Seller's Agent
Wendalin Whitman
Whitman Fine Properties
Buyer's Agent
Wendalin Whitman
Whitman Fine Properties
List Price
$4,990,000
Sold Price
$5,500,000
Premium/Discount to List
$510,000
10.22%
Current Estimated Value
$9,620,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,120,812
Avg. Annual Appreciation
9.52%
Original Mortgage
$10,075,000
Interest Rate
0.031%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 15, 2017
Closed on
Nov 9, 2017
Sold by
Bought by
Seller's Agent
Wendalin Whitman
Whitman Fine Properties
Buyer's Agent
Wendalin Whitman
Whitman Fine Properties
List Price
$4,250,000
Sold Price
$3,600,000
Premium/Discount to List
-$650,000
-15.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.08%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $24,999,999
Closed $10,075,000
Previous Owner $1,500,000
Previous Owner $359,315
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2020 05/26/20 Sold $5,500,000 +10.2% $743 / Sq Ft
05/05/2020 05/05/20 Pending -- -- --
07/27/2018 07/27/18 For Sale $4,990,000 +38.6% $674 / Sq Ft
11/09/2017 11/09/17 Sold $3,600,000 -15.3% $487 / Sq Ft View Prior Sale
09/07/2017 09/07/17 Pending -- -- --
06/15/2017 06/15/17 For Sale $4,250,000 -- $574 / Sq Ft
Source: Aspen Glenwood MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $40,762 $1,248,640 $437,500 $811,140
2024 $40,762 $1,466,150 $447,770 $1,018,380
2023 $42,172 $578,550 $452,460 $126,090
2022 $16,251 $513,330 $382,250 $131,080
2021 $13,843 $451,040 $393,250 $57,790
2020 $32,119 $1,044,000 $1,044,000 $0
2019 $32,119 $1,044,000 $1,044,000 $0
2018 $30,319 $1,044,000 $1,044,000 $0
2017 $26,336 $1,044,000 $1,044,000 $0
2016 $25,600 $939,600 $939,600 $0
2015 $25,441 $939,600 $939,600 $0
2014 $26,050 $939,600 $939,600 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2020

    Wendalin Whitman

    Whitman Fine Properties

    (970) 544-3771

    4 in this area

    55 Total Sales

    Wendalin Whitman
    Section Image

  • C

    Buyer Co-Listing Agent in 2020

    Craig Morris

    Aspen Snowmass Sotheby's International Realty - Hyman Mall

    (970) 429-1090

    3 in this area

    57 Total Sales

    Craig Morris
    Section Image
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Map

Source: Aspen Glenwood MLS

MLS Number: 155407

Aspen Glenwood MLS

APN: R021391

Colorado Pitkin County Aspen 81611

40 Spruce Ct, Aspen, CO

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Aspen Glenwood MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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