$13,200,000
$700K PRICE DROP

531 W Gillespie St Aspen, CO 81611

Estimated payment $73,072/month

Total Views 38,235
4 Beds
3.5 Baths
3,596 Sq Ft
$3,671 Price per Sq Ft

Highlights

  • 2 Fireplaces
  • Brick or Stone Mason
  • Landscaped
  • Aspen Middle School Rated A-
  • Laundry Room
  • Baseboard Heating

About This Home

Rare and exciting opportunity to create your dream home in Aspen's highly desirable West End neighborhood. Situated on a coveted corner lot across the street from the Aspen Music Tent, Aspen Institute and Herbert Bayer Museum. With access to the Rio Grande Trail for hiking and biking and the Aspen Meadows Resort which offers neighborhood tennis and pickleball. The City of Aspen has approved a demolition permit allowing for the construction of a single-family home or a duplex. The existing well-maintained home has been cared for and owned by the same family for over 50 years. This offering combines an unbeatable location with the flexibility to live, renovate, or build anew in one of Aspen's most prestigious neighborhoods.

Listing Agent

Lex Tarumianz

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA100014565 Listed on: 01/02/2025

Aspen Snowmass Sotheby's International Realty - Hyman Mall

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,460

Year Built

  • Built in 1968

Lot Details

  • 9,017 Sq Ft Lot
  • South Facing Home
  • Landscaped
  • Property is zoned R-6

Parking

  • 2 Car Garage

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 3,596 Sq Ft Home
  • 3-Story Property
  • Partially Furnished
  • 2 Fireplaces
  • Finished Basement
  • Laundry in Basement
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Baseboard Heating

Community Details

  • Property has a Home Owners Association
  • Association fees include sewer
  • Hallam Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273512111003

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,460

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Subdivision Name: Hallam Addition
  • Directions: 531 GILLESPIE ST, ASPEN, CO 81611
  • Garage Yn: Yes
  • Master Model: No
  • Year Built: 1968
  • Tax Parcel Letter: R005661
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: Partial
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: R-6
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:REO: No
  • Listing Info:ADU: No
  • General Info:Levels: 3.0
  • Financing Info:Taxes2: 15460.12
  • Financing Info:Tax Year2: 2025
  • Extras:Landscaping: Yes
  • Sanitation:Sewer: Yes
  • General Info:Unit Faces: South
  • Substructure:Finished Basement: Yes
  • Construction Brick: Yes
  • Laundry Facility:In Basement: Yes
  • Financing Info:HOA Dues YN: No
  • Keywords Info Garage Spaces: 2.0
  • Keywords Info Garage4: Yes
  • General Info:Main Floor Primary: No
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Has Basement: Finished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 3596.0

Exterior Features

  • Lot Features: Landscaped
  • Construction Type: Brick
  • Direction Faces: South

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Laundry Features: In Basement, Inside
  • Heating: Baseboard
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 9017.0
  • Parcel #: 273512111003
  • Zoning: R-6

Tax Info

  • Tax Annual Amount: 15460.12
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $15,460 $470,270 $391,590 $78,680
2023 $15,460 $477,540 $397,650 $79,890
2022 $10,609 $296,320 $253,080 $43,240
2021 $10,563 $304,850 $260,360 $44,490
2020 $9,641 $269,840 $234,830 $35,010
2019 $9,385 $269,840 $234,830 $35,010
2018 $10,609 $271,730 $236,480 $35,250
2017 $9,361 $301,500 $269,520 $31,980
2016 $9,139 $289,380 $259,520 $29,860
2015 $9,021 $289,380 $259,520 $29,860
2014 $7,630 $235,440 $221,070 $14,370
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Price Changed $13,200,000 -5.0% $3,671 / Sq Ft
07/22/2025 07/22/25 For Sale $13,900,000 0.0% $3,865 / Sq Ft
06/27/2025 06/27/25 Off Market $13,900,000 -- --
01/02/2025 01/02/25 For Sale $13,900,000 0.0% $3,865 / Sq Ft
10/18/2024 10/18/24 For Rent $17,000 -- --
Source: Aspen Glenwood MLS

Purchase History

Date Type Sale Price Title Company
Deed Of Distribution -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $674,030 New Conventional
Closed $450,000 Commercial
Closed $679,650 New Conventional
Previous Owner $285,714 Credit Line Revolving
Previous Owner $250,000 Credit Line Revolving
Previous Owner $316,000 Credit Line Revolving
Source: Public Records

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Source: Aspen Glenwood MLS

MLS Number: 186573

Aspen Glenwood MLS

APN: R005661