$7,575,000
SOLD OCT 26, 2015

501 W Buttermilk Rd Aspen, CO 81611

7 Beds
9 Baths
7,707 Sq Ft
37.08 Acres

Recently Sold

$983 Per Sq Ft

24% Below List Price

327 Days on Market

Highlights

  • 37.08 Acre Lot
  • Green Building
  • Hydromassage or Jetted Bathtub
  • Aspen Middle School Rated A-
  • Maid or Guest Quarters
  • Steam Shower

About This Home

As of July 2021

Unique opportunity to own a timeless design, 40-acre, West Buttermilk 7-bedroom estate. This iconic home is perfect for a local or second homeowner. Perfect for entertaining, the entry level features 30 foot ceilings, formal dining room area, an oversized great room with easy access to the back patio and large backyard. Also on the entry level is the master suite, complete with office and two en-suite guest bedrooms. The home’s lower level has a second entertaining area, and ,a two additional en-suite bedrooms. The home’s attached West Wing provides a private living area complete with two bedrooms, media room and full kitchen with separate entrance. This is a great home at a great value

Last Agent to Sell the Property

Steven Shane

Shane Aspen Listed on: 11/12/2014

Last Buyer's Agent

Steven Shane

Shane Aspen Listed on: 11/12/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,781

Year Built

  • Built in 2008

Lot Details

  • 37.08 Acre Lot
  • West Facing Home
  • Lot Has A Rolling Slope
  • Sprinkler System
  • Landscaped with Trees
  • Property is in excellent condition
  • Property is zoned AR-10

Parking

  • 3 Car Garage

Home Design

  • Frame Construction
  • Stone Siding
  • Log Siding
  • Stucco Exterior
  • Stone

Interior Spaces

  • 3-Story Property
  • Gas Fireplace
  • Window Treatments
  • Home Security System

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Maid or Guest Quarters
  • Hydromassage or Jetted Bathtub
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System
  • Irrigation Well
  • Water Softener
  • Septic Tank
  • Septic System

Additional Features

  • Green Building
  • Patio
  • Mineral Rights Excluded

Community Details

  • No Home Owners Association
  • West Buttermilk Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 273503100001

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,781

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 37.08
  • Inclusions: Dryer, Freezer, Refrigerator, Washer, Window Coverings, Water Softener, Range, Microwave, Dishwasher
  • Subdivision Name: West Buttermilk
  • Directions: West on Hwy 82, left onto Owl Creek Road, 1st left onto W. Buttermilk Road, and drive 0.8 miles to the house located on the right.
  • Above Grade Finished Sq Ft: 7707.0
  • Architectural Style: Other, Ranch
  • Master Model: No
  • New Construction: No
  • Year Built: 2008
  • Tax Parcel Letter: R018808
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: AR-10
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 3.0
  • Financing Info:Taxes2: 24781.48
  • Financing Info:Tax Year2: 2014
  • Extras:GuestCaretaker Qtrs: Yes
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Stone Siding: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Extras:Lawn Sprinklers: Yes
  • Style:Ranch: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • General Info:LvHtSqFt (Abv Grnd): 7707.0
  • General Info:LvHtSqFt (Blw Grnd): 791.0
  • Inclusions:Water Softener: Yes
  • Unit Faces:West: Yes
  • Exterior:Stucco: Yes
  • Water:Community: Yes
  • Sanitation:Septic: Yes
  • Cooling:Central AC: Yes
  • Inclusions:Freezer: Yes
  • Extras:Steam Shower: Yes
  • Extras:Softener: Yes
  • Extras:Indoor Jetted Tub: Yes
  • Water:Well - Irrigation: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 791.0
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Living Area: 7707.0
  • Fireplace:Gas: Yes
  • Style Other: Yes

Exterior Features

  • Lot Features: Landscaped
  • Construction Type: Stone Veneer, Stucco, Stone, Log, Frame
  • Property Condition: Excellent
  • Roof: Other
  • Construction:Frame: Yes
  • Construction:Stone: Yes
  • Construction:Log: Yes

Garage/Parking

  • Keywords Info:Garage: 3 Car

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Building Features: Yes
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Radiant, Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available
  • Water Source: Community, Well - Irrigation
  • Heating:Radiant: Yes
  • Heating:Forced Air: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Gentle Topo: Yes
  • Location Amenities:Trees: Yes
  • Location Amenities:Rolling Topo: Yes
  • Location Amenities:Borders Public Land: Yes

Lot Info

  • Lot Size Sq Ft: 1615205.0
  • Parcel #: 273503100001
  • Zoning: AR-10
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 24781.48
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Jul 1, 2021
Sold by
The Bryan And Emily Kelln Family Trust
Bought by
501 W Buttermilk Llc
Seller's Agent
Craig Morris
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Andrew Ernemann
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$19,995,000
Sold Price
$20,000,000
Premium/Discount to List
$5,000
0.03%
Current Estimated Value
$22,957,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,957,724
Avg. Annual Appreciation
-7.73%

Purchase Details

Closed on
Nov 20, 2017
Sold by
501 Buttermilk Llc
Bought by
The Bryan And Emily Kelln Family Trust

Purchase Details

Listed on
Nov 12, 2014
Closed on
Oct 26, 2015
Sold by
Presutti Timothy M and Presutti Courtney E
Bought by
501 Buttermilk Llc
Seller's Agent
Steven Shane
Shane Aspen
Buyer's Agent
Steven Shane
Shane Aspen
List Price
$9,995,000
Sold Price
$7,575,000
Premium/Discount to List
-$2,420,000
-24.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$4,545,000
Interest Rate
2.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 7, 2011
Sold by
Williams James and Williams Jill
Bought by
Presutti Timothy M and Presutti Courtney E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
2.85%
Mortgage Type
New Conventional
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 $20,000,000 Attorneys Title Agency
Special Warranty Deed -- None Available
Warranty Deed $7,575,000 Land Title Guarantee Company
Warranty Deed $6,000,000 Attorneys Title Agency Of As
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,545,000 Adjustable Rate Mortgage/ARM
Previous Owner $3,500,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $20,000,000 0.0% $2,498 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $19,995,000 +164.0% $2,498 / Sq Ft
10/26/2015 10/26/15 Sold $7,575,000 -24.2% $983 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
11/12/2014 11/12/14 For Sale $9,995,000 -- $1,297 / 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 $62,865 $1,671,320 $584,630 $1,086,690
2023 $62,865 $1,825,540 $591,600 $1,233,940
2022 $32,683 $694,960 $118,150 $576,810
2021 $32,915 $714,960 $121,550 $593,410
2020 $35,495 $753,770 $121,550 $632,220
2019 $35,495 $753,770 $121,550 $632,220
2018 $0 $759,040 $122,400 $636,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 136674

Aspen Glenwood MLS

APN: R022482