NOT LISTED FOR SALE

511 Lazy Chair Ranch Rd Aspen, CO 81611

Estimated Value: $8,727,000 - $9,472,000

6 Beds
8 Baths
9,057 Sq Ft
$1,005/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $11,000,000 $1,215 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $49,741/month

12 Days on Market

Highlights

  • On Golf Course
  • New Construction
  • 2.4 Acre Lot
  • Aspen Middle School Rated A-
  • Spa
  • Contemporary Architecture

About This Home

As of December 2021

Situated at the end of private Lazy Chair Ranch Road overlooking the Maroon Creek Club is your state-of-the-art custom home in the making. Picture an 9,057 sq. ft. dream home with every detail you can imagine. This spectacular property totaling 2.4 acres overlooks the 6th and 8th holes and has expansive views of Aspen Mountain, Thunderbowl & Red Mountain. Construction is beginning Fall of 2021 with expected completion in 2023 (save years of planning and process). Designed by Bill Poss Architects and built by Madigan Construction, this is your opportunity to have it all without any of the hassle.

Last Agent to Sell the Property

Lex Tarumianz

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA100014565 Listed on: 09/29/2021

Aspen Snowmass Sotheby's International Realty - Hyman Mall

Co-Listed By

Craig Morris

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #EA40009691

Last Buyer's Agent

Joshua Saslove

Douglas Elliman Real Estate-Durant License #ER.224491

Douglas Elliman Real Estate-Durant

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,245

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 2.4 Acre Lot
  • On Golf Course
  • North Facing Home
  • Landscaped

HOA Fees

  • $220 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 9,057 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Crawl Space
  • Laundry Room
  • Property Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Patio

Listing and Financial Details

  • Assessor Parcel Number 273511302002

Community Details

Overview

  • Association fees include sewer, snow removal
  • West Aspen Subdivision

Recreation

  • Snow Removal

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,245

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$220 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.4
  • Co List Office Mls Id: ASSHMA
  • Subdivision Name: West Aspen
  • Directions: Hwy 82 to Tiehack Rd. Tiehack Rd to Lazy Chair Ranch Rd. Lot is at the end of the long driveway.
  • Architectural Style: Contemporary
  • Master Model: No
  • New Construction: Yes
  • Year Built: 2022
  • Tax Parcel Letter: R016359
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential
  • General Info:Main Floor Master: Yes
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:REO: No
  • Condition:New: Yes
  • General Info:Levels: 3.0
  • Financing Info:Taxes2: 10245.0
  • Financing Info:Tax Year2: 2021
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Sanitation:Sewer: Yes
  • Extras:Pool: Yes
  • Exterior:Wood Siding: Yes
  • Substructure:Crawl Space: Yes
  • HOA Fees Includes:Snow Removal: Yes
  • Extras:Elevator: Yes
  • General Info:Unit Faces: North
  • Roof:Metal: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • Financing Info:HOA Dues YN: Yes
  • Financing Info Total HOA Fee Per Year2: 2645.0
  • Special Features: NewHome

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Crawl Space
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Interior Amenities: Elevator
  • Living Area: 9057.0

Exterior Features

  • Lot Features: Landscaped
  • Construction Type: Wood Siding
  • Direction Faces: North
  • Property Condition: New Construction
  • Roof: Metal

Garage/Parking

  • Keywords Info:Garage: 3 Car

Utilities

  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2645.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Golf: Yes
  • Location Amenities:Views: Yes
  • Financing Info:Association Fee2: 2645.0
  • Financing Info:Association Fee Frequency2: Annually

Fee Information

  • Association Fee Includes: Sewer, Snow Removal

Lot Info

  • Lot Size Sq Ft: 104544.0
  • Parcel #: 273511302002
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10245.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2021
Closed on
Dec 10, 2021
Sold by
Lazy Chair Holdings Llc
Bought by
Yellow Rose Of Aspen Llc
Seller's Agent
Lex Tarumianz
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Joshua Saslove
Douglas Elliman Real Estate-Durant
List Price
$29,995,000
Sold Price
$11,000,000
Premium/Discount to List
-$18,995,000
-63.33%
Current Estimated Value
$9,099,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,900,500
Avg. Annual Appreciation
-4.80%

Purchase Details

Closed on
Sep 21, 2021
Sold by
Liv Daniel Thomas Van Voorhis Revcocable
Bought by
Lazy Chair Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,602,500
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 14, 2018
Sold by
Lazy Chair Lot 3 Llc
Bought by
Livi Daniel Thomas Van Voorhis Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,880,000
Interest Rate
4.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 13, 2018
Sold by
Lazy Chair Lot 2 Llc
Bought by
Livi Daniel Thomas Van Voorhis Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,880,000
Interest Rate
4.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 28, 2014
Sold by
Hecht Andrew V
Bought by
Lazy Chair Lot 2 Llc

Purchase Details

Closed on
Feb 27, 2014
Sold by
Hecht Andrew V
Bought by
Hecht Andrew V
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
Yellow Rose Of Aspen Llc -- None Listed On Document
Yellow Rose Of Aspen Llc $19,000,000 Attorneys Title
Lazy Chair Holdings Llc $13,670,000 Attorneys Ttl Agcy Of Aspen
Livi Daniel Thomas Van Voorhis Revocable -- Attorneys Title Ins Agency O
Livi Daniel Thomas Van Voorhis Revocable -- Attorney Title Agency
Livi Daniel Thomas Van Voorhis Revocable $3,840,000 Attorneys Title Agency Of As
Lazy Chair Lot 2 Llc $2,500,000 Attorneys Title Agency Of As
Hecht Andrew V -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lazy Chair Holdings Llc $11,602,500
Previous Owner Livi Daniel Thomas Van Voorhis Revocable $2,880,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2021 12/13/21 Sold $11,000,000 -63.3% $1,215 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $29,995,000 -- $3,312 / 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 $15,325 $466,150 $466,150 $0
2023 $15,325 $473,380 $473,380 $0
2022 $10,655 $290,620 $260,630 $29,990
2021 $10,609 $298,980 $268,130 $30,850
2020 $10,160 $284,390 $268,130 $16,260
2019 $10,416 $291,540 $268,130 $23,410
2018 $9,931 $293,570 $270,000 $23,570
2017 $8,762 $275,490 $252,000 $23,490
2016 $9,352 $287,990 $258,700 $29,290
2015 $9,231 $287,990 $258,700 $29,290
2014 $9,921 $295,780 $274,620 $21,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 172221

Aspen Glenwood MLS

APN: R016359