NOT LISTED FOR SALE

433 Gillespie Ave Aspen, CO 81611

Estimated Value: $8,142,000 - $9,706,903

6 Beds
9 Baths
5,467 Sq Ft
$1,669/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $8,300,000 $1,518 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $50,847/month

560 Days on Market

Highlights

  • New Construction
  • Solar Power System
  • Contemporary Architecture
  • Aspen Middle School Rated A-
  • Green Building
  • 3 Fireplaces

About This Home

As of August 2024

Build your West End dream home on a prime, non-historic, corner lot. Demolition allotment in-place and building permit ready for issuance - this saves you 2+ years. Convenient and walkable to the core, music tent, Rio Grande Trail and Aspen Institute. A deed restriction on the neighboring property permanently protects impressive views to the South - of Aspen, Shadow, and Highlands. Quiet street with no afternoon 'West End sneak' traffic. Plans for a 5,467 square foot house (plus 2 car garage) are included. Existing house is rented with good income in place and termination rights. Price includes land, existing home, plans. Utilize Stage Fine Homes' Development Services for expert guidance through the construction process or assemble your own team.

Last Agent to Sell the Property

Bill Guth

Aspen International Properties Brokerage Phone: (970) 948-5566 License #ER100031715 Listed on: 12/08/2022

Last Buyer's Agent

Lex Tarumianz

Aspen Snowmass Sotheby's International Realty - Hyman Mall License #FA100014565

Aspen Snowmass Sotheby's International Realty - Hyman Mall

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,527

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 5,007 Sq Ft Lot
  • Gentle Sloping Lot
  • Property is zoned R6

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Membrane Roofing
  • Metal Roof
  • Wood Siding
  • Metal Siding
  • Stone Siding

Interior Spaces

  • 3-Story Property
  • 3 Fireplaces
  • Gas Fireplace
  • ENERGY STAR Qualified Windows
  • Property Views
  • Finished Basement

Kitchen

  • Oven
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Home Security System
  • Smart Home

Parking

  • 2 Car Garage
  • Electric Vehicle Home Charger

Eco-Friendly Details

  • Green Building
  • Energy-Efficient Lighting
  • Energy-Efficient Insulation
  • ENERGY STAR/CFL/LED Lights
  • Energy-Efficient Thermostat
  • Solar Power System

Location

  • Mineral Rights Excluded

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System
  • Water Rights Not Included

Community Details

  • Property has a Home Owners Association
  • Association fees include sewer

Listing and Financial Details

  • Assessor Parcel Number 273512109001
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,527

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Inclusions: Dryer, Freezer, Oven, Refrigerator, Microwave, Dishwasher
  • Subdivision Name: None
  • Directions: SE Corner 4th and Gillespie
  • Above Grade Finished Sq Ft: 3115.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: Yes
  • Efficiency: Lighting
  • Year Built: 2024
  • Tax Parcel Letter: R005669
  • Attribution Contact: (970) 948-5566
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: R6
  • 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
  • Condition:New: Yes
  • Gas:Natural Gas2: Yes
  • Listing Info:ADU: No
  • General Info:Levels: 3.0
  • Financing Info:Taxes2: 9526.84
  • Financing Info:Tax Year2: 2021
  • Extras:Security System: Yes
  • Listing Info:New Construction: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Stone Siding: Yes
  • Exterior:Wood Siding: Yes
  • Roof:Membrane: Yes
  • Water Rights:No3: Yes
  • Electric:Yes: Public
  • Mineral Rights:No2: Yes
  • Inclusions:Dryer: Yes
  • General Info:LvHtSqFt (Abv Grnd): 3115.0
  • General Info:LvHtSqFt (Blw Grnd): 2352.0
  • Substructure:Finished Basement: Yes
  • Water:Community: Yes
  • Inclusions:Oven: Yes
  • Cooling:Central AC: Yes
  • Inclusions:Freezer: Yes
  • Exterior:Metal2: Yes
  • Energy Efficiency:CFL or LED Lighting: Yes
  • Energy Efficiency:Solar PV: Yes
  • Energy Efficiency:ENERGY STAR Qualified Windows: Yes
  • Energy Efficiency:High R Insulation: Yes
  • Energy Efficiency:Progrmble Thermostat: Yes
  • Energy Efficiency:Smart Home System: Yes
  • Extras:Electric Vehicle Charger Included: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: NewHome

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Finished
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 2352.0
  • Fireplace Features: Gas
  • Fireplaces: 3
  • Fireplace: Yes
  • Living Area: 5467.0
  • Fireplace:Gas: Yes

Exterior Features

  • Disclosures: Seller Lic RE Agent
  • Construction Type: Wood Siding, Stone Veneer, Frame
  • Property Condition: New Construction
  • Roof: Metal, Membrane
  • Construction:Frame: Yes

Garage/Parking

  • Keywords Info:Garage: 2 Car
  • General Info:Garage SqFt: 530.0

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Building Features: Yes
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Radiant, Forced Air
  • Heating Yn: Yes
  • Electric: Yes
  • Utilities: Natural Gas Available
  • Water Source: Community
  • Heating:Radiant: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Location Amenities:Gentle Topo: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 5007.0
  • Parcel #: 273512109001
  • Zoning: R6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9526.84
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2022
Closed on
Aug 16, 2024
Sold by
433 Aspen Llc
Bought by
Ar Gillespie Ventures Llc
Seller's Agent
Bill Guth
Aspen International Properties
Buyer's Agent
Lex Tarumianz
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$10,995,000
Sold Price
$8,300,000
Premium/Discount to List
-$2,695,000
-24.51%
Views
459
Current Estimated Value
$9,125,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$825,976
Avg. Annual Appreciation
4.61%
Original Mortgage
$7,500,000
Outstanding Balance
$7,449,313
Interest Rate
6.95%
Mortgage Type
Construction
Estimated Equity
$1,237,648

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jun 1, 2021
Sold by
Frazer William R and Frazer Jane Z
Bought by
433 Aspen Llc
Seller's Agent
Mandy Welgos
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Mandy Welgos
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$5,700,000
Sold Price
$5,700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%
Original Mortgage
$4,000,000
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 16, 1998
Bought by
Frazer William and Frazer Jane Trst
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 Buyer Sale Price Title Company
Ar Gillespie Ventures Llc $8,300,000 Aspen Title & Escrow
433 Aspen Llc $5,700,000 Attorneys Title Agency
Frazer William $982,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ar Gillespie Ventures Llc $7,500,000
Previous Owner 433 Aspen Llc $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $8,300,000 -12.6% $1,518 / Sq Ft
11/27/2023 11/27/23 Price Changed $9,500,000 -5.0% $1,738 / Sq Ft
09/27/2023 09/27/23 Price Changed $9,995,000 -4.8% $1,828 / Sq Ft
09/13/2023 09/13/23 Price Changed $10,495,000 -4.5% $1,920 / Sq Ft
12/08/2022 12/08/22 For Sale $10,995,000 +92.9% $2,011 / Sq Ft
06/03/2021 06/03/21 For Sale $5,700,000 0.0% $2,379 / Sq Ft
06/01/2021 06/01/21 Sold $5,700,000 -- $2,379 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
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 $13,469 $409,690 $293,360 $116,330
2023 $13,469 $416,380 $298,150 $118,230
2022 $9,568 $260,980 $189,810 $71,170
2021 $9,527 $268,490 $195,270 $73,220
2020 $8,832 $247,210 $183,780 $63,430
2019 $8,832 $247,210 $183,780 $63,430
2018 $9,884 $248,950 $185,070 $63,880
2017 $8,721 $274,200 $210,920 $63,280
2016 $8,670 $266,990 $203,100 $63,890
2015 $8,558 $266,990 $203,100 $63,890
2014 $6,889 $205,370 $173,010 $32,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 177643

Aspen Glenwood MLS

APN: R005669