NOT LISTED FOR SALE

550 S Riverside Ave Unit 5 Aspen, CO 81611

Estimated Value: $1,458,857 - $2,063,000

1 Bed
1 Bath
505 Sq Ft
$267/mo HOA Fee

Last Sold February 23, 2024

Last sale price $1,450,000 $2,871 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $10,197/month

About This Home

As of February 2024

Sold Before the MLS

Last Agent to Sell the Property

Lorrie Winnerman

Lorrie B Aspen, Inc. Brokerage Phone: (970) 618-7772 License #ER.272611 Listed on: 03/06/2024

Last Buyer's Agent

Lorrie Winnerman

Lorrie B Aspen, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,441

Year Built

  • Built in 1960

Lot Details

  • 523

HOA Fees

  • $267 Monthly HOA Fees

Parking

  • No Garage

Interior Spaces

  • 505 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Community Details

  • Redwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273718128005

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,441

Year Built

Built in 1960

Lot Details

0

HOA Fees

$267 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Redwood
  • Directions: Riverside Ave
  • Master Model: No
  • New Construction: No
  • Year Built: 1960
  • Tax Parcel Letter: R004954
  • Attribution Contact: (970) 618-7772
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: RMF
  • General Info:Main Floor Master: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:ADU: No
  • General Info:Levels: 1.0
  • Financing Info:Taxes2: 1440.6
  • Financing Info:Tax Year2: 2023
  • Listing Info:New Construction: No
  • Financing Info:HOA Dues YN: Yes
  • Financing Info Total HOA Fee Per Year2: 3200.0
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 505.0

Garage/Parking

  • Keywords Info:Garage: None

Condo/Co-op/Association

  • Association Fee: 800.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Financing Info:Association Fee2: 800.0
  • Financing Info:Association Fee Frequency2: Quarterly

Lot Info

  • Parcel #: 273718128005
  • Zoning: RMF

Tax Info

  • Tax Annual Amount: 1440.6
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Feb 23, 2024
Sold by
550 Redwood Llc
Bought by
Pyne Grace
Seller's Agent
Lorrie Winnerman
Lorrie B Aspen, Inc.
Buyer's Agent
Lorrie Winnerman
Lorrie B Aspen, Inc.
List Price
$1,450,000
Sold Price
$1,450,000
Current Estimated Value
$1,765,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,714
Avg. Annual Appreciation
15.71%
Original Mortgage
$700,000
Outstanding Balance
$688,346
Interest Rate
5.6%
Mortgage Type
New Conventional
Estimated Equity
$1,077,368

Purchase Details

Closed on
Mar 1, 2004
Sold by
Winnerman Lawrence J and Winnerman Lorraine B
Bought by
550 Redwood Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,750
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2001
Sold by
Michaels Ingeborg
Bought by
Antonides James A

Purchase Details

Closed on
Jul 13, 2001
Sold by
Lucchesi William P
Bought by
Michaels Ingeborg
Source: Public Records

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Range of Values:

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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
Pyne Grace $1,450,000 Land Title Guarantee
550 Redwood Llc -- --
Winnerman Lawrence J $496,000 --
Antonides James A $465,000 Stewart Title
Michaels Ingeborg $435,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pyne Grace $700,000
Previous Owner Winnerman Lawrence J $321,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 For Sale $1,450,000 0.0% $2,871 / Sq Ft
02/23/2024 02/23/24 Sold $1,450,000 -- $2,871 / Sq Ft
01/11/2024 01/11/24 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 $1,573 $47,450 $0 $47,450
2023 $1,573 $50,620 $0 $50,620
2022 $1,788 $48,300 $0 $48,300
2021 $1,781 $49,690 $0 $49,690
2020 $1,663 $46,070 $0 $46,070
2019 $1,663 $46,070 $0 $46,070
2018 $1,327 $46,400 $0 $46,400
2017 $1,172 $36,390 $0 $36,390
2016 $1,074 $32,680 $0 $32,680
2015 $1,060 $32,680 $0 $32,680
2014 $1,081 $31,830 $0 $31,830
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Lorrie Winnerman

    Lorrie B Aspen, Inc.

    (970) 925-6063

    19 in this area

    28 Total Sales

    Lorrie Winnerman
    Section Image
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Map

Source: Aspen Glenwood MLS

MLS Number: 182792

Aspen Glenwood MLS

APN: R004954

Colorado Pitkin County Aspen 81611

550 S Riverside Ave Unit 5, Aspen, CO

This home is located at 550 S Riverside Ave Unit 5, Aspen, CO 81611 since 06 March 2024 and is currently estimated at $1,765,714, approximately $3,496 per square foot. This property was built in 1960. 550 S Riverside Ave Unit 5 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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