NOT LISTED FOR SALE

490 S Riverside Ave Aspen, CO 81611

Estimated Value: $7,677,000 - $16,548,146

2 Beds
1 Bath
1,096 Sq Ft
$10,103/Sq Ft Est. Value

Last Sold March 09, 2017

Last sale price $2,670,000 $2,436 Per Sq Ft

Est. 315% increase in value since last sale

Current estimated payment $61,525/month

63 Days on Market

Highlights

  • Green Building
  • Views
  • Garage
  • Aspen Middle School Rated A-
  • Landscaped with Trees
  • 5-minute walk to Snyder Park

About This Home

As of March 2017

As acquaintances of Herbert Bayer and Lazo Moholy - Nagy and at the urging of Walter Paepcke, the Richard family acquired this property in the early 50’s. Enjoy straight-on, unobstructed views of Aspen Mountain looking over city owned Anderson Park. You also see Red Mtn , Shadow Mtn, Traynor Ridge and Ute Rock from the property. The view is unique and unlike the cross-valley vistas from Red Mountain. Adjacent to historic Anderson Park and the Roaring Fork River, the property is located on a quiet street away from the fray yet walking distance to the Aspen core. The lot is perfect for a medium sized home in an excellent location with an incredible view.

Last Agent to Sell the Property

Mark Lewis

Aspen Snowmass Properties Listed on: 07/22/2016

Last Buyer's Agent

Sheila Brennan

Urban Aspen Real Estate License #ER100024710

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,311

Year Built

  • Built in 1952

Lot Details

  • 5,133 Sq Ft Lot
  • Southwest Facing Home
  • Gentle Sloping Lot
  • Landscaped with Trees
  • Property is in below average condition
  • Property is zoned R-6

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,096 Sq Ft Home
  • 1-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Garage
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Water Rights Not Included

Additional Features

  • Green Building
  • Mineral Rights Excluded

Listing and Financial Details

  • Exclusions: Dishwasher, Range, Washer, Refrigerator, Dryer
  • Assessor Parcel Number 273718100026

Community Details

Overview

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

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,311

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Subdivision Name: Riverside
  • Directions: Main St. to Original St. to Cooper St., travel east out of Aspen. Take 1st right across bridge onto S. Riverside Ave. Property is the second home on the left.
  • Above Grade Finished Sq Ft: 1096.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 1952
  • Tax Parcel Letter: R005039
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: R-6
  • 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: 1.0
  • Financing Info:Taxes2: 4311.28
  • Financing Info:Tax Year2: 2016
  • Laundry Facility:Area4: Yes
  • Sanitation:Sewer: Yes
  • Substructure:Slab: Yes
  • Roof:Membrane: Yes
  • Water Rights:No3: Yes
  • Style:Ranch: Yes
  • Mineral Rights:No2: Yes
  • Cooling:None: Yes
  • General Info:LvHtSqFt (Abv Grnd): 1096.0
  • Unit Faces:South: Yes
  • Unit Faces:West: Yes
  • Home Performance Programs:Energy Star Rated: No
  • Condition:Poor: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1096.0

Exterior Features

  • Exclusions: Dishwasher, Range, Washer, Refrigerator, Dryer
  • Construction Type: Other, Block
  • Foundation Details: Slab
  • Property Condition: Poor
  • Roof: Membrane
  • Construction:Concrete Block: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 2 Car
  • Keywords Info:Garage: None
  • Parking Area:_two_ Car2: Yes

Utilities

  • Building Features: Yes
  • Cooling: None
  • Cooling Y N: No
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: Public
  • Heating:Natural Gas: 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:Trees: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 5133.0
  • Parcel #: 273718100026
  • Zoning: R-6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4311.28
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2016
Closed on
Mar 3, 2017
Sold by
Richard Paul and Richard Deborah
Bought by
490 Riverside Llc
Seller's Agent
Mark Lewis
Aspen Snowmass Properties
Buyer's Agent
Sheila Brennan
Urban Aspen Real Estate
List Price
$2,995,000
Sold Price
$2,670,000
Premium/Discount to List
-$325,000
-10.85%
Current Estimated Value
$11,073,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,403,382
Avg. Annual Appreciation
17.47%
Original Mortgage
$1,887,500
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2012
Sold by
490 South Riverside Llc
Bought by
Richard Paul and Richard Deborah

Purchase Details

Closed on
May 15, 2012
Sold by
Richard Paul
Bought by
490 South Riverside Llc

Purchase Details

Closed on
Apr 11, 2012
Sold by
Beaudoin Stuart C and Beaudoin Diane M
Bought by
Beaudoin Staurt C and Beaudoin Diane M

Purchase Details

Closed on
Feb 12, 2012
Sold by
Beaudoin Stuart C and Beaudoin Diane M
Bought by
Beaudoin Stuart C and Beaudoin Diane M

Purchase Details

Closed on
Feb 10, 2012
Sold by
Beaudoin Stuart C and Beaudoin Diane M
Bought by
Richard Paul
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
490 Riverside Llc $2,670,000 St
Richard Paul -- None Available
490 South Riverside Llc -- None Available
Beaudoin Staurt C -- None Available
Beaudoin Stuart C -- None Available
Richard Paul -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saliterman Larry $1,000,000
Closed Saliterman Larry $250,000
Open 490 Riverside Llc $1,800,000
Open 490 Riverside Llc $3,500,000
Closed 490 Riverside Llc $600,000
Closed 490 Riverside Llc $1,887,500
Previous Owner Richard Paul $150,000
Previous Owner Richard Paul $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2017 03/09/17 Sold $2,670,000 -10.9% $2,436 / Sq Ft
09/23/2016 09/23/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $2,995,000 -- $2,733 / 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 $36,561 $1,102,810 $260,430 $842,380
2023 $36,561 $1,116,220 $263,600 $852,620
2022 $20,041 $541,270 $187,650 $353,620
2021 $12,716 $354,830 $193,050 $161,780
2020 $10,537 $291,880 $178,750 $113,130
2019 $6,907 $191,320 $178,750 $12,570
2018 $6,750 $192,660 $180,000 $12,660
2017 $5,959 $185,100 $180,000 $5,100
2016 $4,311 $131,190 $127,360 $3,830
2015 $4,256 $131,190 $127,360 $3,830
2014 $4,471 $131,680 $127,360 $4,320
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Mark Lewis

    Aspen Snowmass Properties

  • S

    Buyer's Agent in 2017

    Sheila Brennan

    Urban Aspen Real Estate

See All Agents

Map

Source: Aspen Glenwood MLS

MLS Number: 145302

Aspen Glenwood MLS

APN: R005039

Colorado Pitkin County Aspen 81611

490 S Riverside Ave, Aspen, CO

This home is located at 490 S Riverside Ave, Aspen, CO 81611 since 22 July 2016 and is currently estimated at $11,073,382, approximately $10,103 per square foot. This property was built in 1952. 490 S Riverside Ave is a home located in Pitkin County with nearby schools including Aspen Elementary School, Aspen Middle School, and Aspen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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