$7,950,000
SOLD APR 15, 2025

650 S Monarch St Unit 11 Aspen, CO 81611

4 Beds
3.5 Baths
2,378 Sq Ft
$2,519/mo HOA Fee

Recently Sold

$3,343 Per Sq Ft

11% Below List Price

55 Days on Market

Highlights

  • Spa
  • 3 Fireplaces
  • Patio
  • Aspen Middle School Rated A-
  • Furnished
  • 3-minute walk to Wagner Park

About This Home

As of April 2025

Discover the ultimate in downtown Aspen living at this townhome, with the finest restaurants, shops, and cultural attractions just a short walk away, and direct ski access to Aspen Mountain via Lift 1A right outside the door. The timeless design features 4 bedrooms, 3.5 baths, gourmet kitchen, open living area, and family room with billiards table. After a day on the slopes or out on the town, relax by one of the 3 gas fireplaces, unwind on the balcony, or soak in the outdoor hot tub. Two reserved parking spaces are included, and pets are allowed for owners. This property offers rental potential or can be utilized as a comfortable second home.

Last Agent to Sell the Property

Erik Berg

ENGEL & VOLKERS Brokerage Phone: (970) 925-8400 License #ER.040043847 Listed on: 01/23/2025

ENGEL & VOLKERS

Last Buyer's Agent

Lex Tarumianz

Aspen Snowmass Sotheby's International Realty - Hyman Mall License #FA100014565

Aspen Snowmass Sotheby's International Realty - Hyman Mall

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $16,178

Year Built

  • Built in 1973

Lot Details

  • Landscaped with Trees
  • Property is in excellent condition

HOA Fees

  • $2,519 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Split Level Home
  • Frame Construction
  • Stone Siding

Interior Spaces

  • 2,378 Sq Ft Home
  • 4-Story Property
  • Furnished
  • 3 Fireplaces
  • Gas Fireplace
  • Window Treatments

Kitchen

  • Oven
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Patio

Utilities

  • Baseboard Heating
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 273718292004
  • Seller Concessions Not Offered

Community Details

Overview

  • Association fees include contingency fund, management, sewer, insurance, water, trash, snow removal, ground maintenance, electricity, cable TV, internet
  • Dolomite Villas Subdivision
  • On-Site Maintenance

Recreation

  • Snow Removal

Pet Policy

  • Only Owners Allowed Pets

Security

  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$16,178

Year Built

Built in 1973

Lot Details

0

HOA Fees

$2,519 per month

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Inclusions: Dryer, Freezer, Oven, Refrigerator, Washer, Window Coverings, Microwave, Dishwasher
  • Subdivision Name: Dolomite Villas
  • Directions: South on Monarch Street towards Aspen Mountain. Turn left after passing the St. Regis Hotel.
  • Architectural Style: Split Level
  • Garage Yn: No
  • Master Model: No
  • New Construction: No
  • Year Built: 1973
  • Tax Parcel Letter: R004889
  • Attribution Contact: (970) 925-8400
  • Location Info:Furnished: Yes
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:REO: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 4.0
  • General Info:Short Termable: Yes
  • Financing Info:Taxes2: 16178.44
  • Financing Info:Tax Year2: 2025
  • Extras:PatioDeck: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Stone Siding: Yes
  • HOA Fees Includes:Grounds Maintenance: Yes
  • Condition:Excellent: Yes
  • Extras:Cable TV: Yes
  • HOA Fees Includes:Management: Yes
  • Electric:Yes: Public
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • HOA Fees Includes:Cable TV2: Yes
  • HOA Fees Includes:Insurance: Yes
  • HOA Fees Includes:Sewer2: Yes
  • HOA Fees Includes:Snow Removal: Yes
  • HOA Fees Includes:Trash: Yes
  • HOA Fees Includes:Water: Yes
  • HOA Fees Includes:Unit Electric: Yes
  • Inclusions:Oven: Yes
  • Inclusions:Freezer: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • HOA Fees Includes:Internet: Yes
  • Style:Split Level: Yes
  • Financing Info:HOA Dues YN: Yes
  • Financing Info Total HOA Fee Per Year2: 30226.48
  • Keywords Info Garage4: No
  • General Info:Main Floor Primary: No
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplaces: 3
  • Fireplace: Yes
  • Living Area: 2378.0
  • Fireplace:Gas: Yes

Exterior Features

  • Construction Type: Stone Veneer, Frame
  • Property Condition: Excellent
  • Construction:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Parking Area:Assigned2: Yes

Utilities

  • Laundry Features: Inside
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Amenities: Management, Pets Allowed/Owner
  • Association Fee: 7556.62
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Financing Info:Association Fee2: 7556.62
  • Financing Info:Association Fee Frequency2: Quarterly
  • HOA Amenities:Pets AllowedOwner: Yes
  • Location Amenities:Trees: Yes
  • HOA Amenities:Management2: Yes

Fee Information

  • Association Fee Includes: Contingency Fund, Management, Sewer, Insurance, Water, Trash, Snow Removal, Maintenance Grounds, Electricity, Cable TV, Internet

Lot Info

  • Parcel #: 273718292004
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 16178.44
  • Tax Year: 2025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2025
Closed on
Apr 15, 2025
Sold by
W Calvin Gray Jr Irrevocable Trust
Bought by
650 Monarch Llc
Seller's Agent
Erik Berg
ENGEL & VOLKERS
Buyer's Agent
Lex Tarumianz
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$8,950,000
Sold Price
$7,950,000
Premium/Discount to List
-$1,000,000
-11.17%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.90%

Purchase Details

Closed on
Nov 3, 2021
Sold by
Gray Constance M
Bought by
W Calvin Gray Jr Irrevocable Trust

Purchase Details

Closed on
Nov 2, 1998
Bought by
Gray W Calvin W and Gray Constance M
Source: Public Records

Range of Values:

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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 $7,950,000 Aspen Title & Escrow
Interfamily Deed Transfer -- None Available
Warranty Deed -- Husch Blackwell Llp
Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2025 09/26/25 For Sale $8,995,000 +13.1% $3,783 / Sq Ft
04/15/2025 04/15/25 Sold $7,950,000 -11.2% $3,343 / Sq Ft
01/23/2025 01/23/25 For Sale $8,950,000 -- $3,764 / 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 $16,178 $492,120 $0 $492,120
2023 $16,178 $499,600 $0 $499,600
2022 $9,976 $272,110 $0 $272,110
2021 $9,933 $279,940 $0 $279,940
2020 $9,962 $278,850 $0 $278,850
2019 $9,962 $278,850 $0 $278,850
2018 $8,287 $280,800 $0 $280,800
2017 $7,312 $229,900 $0 $229,900
2016 $7,271 $223,900 $0 $223,900
2015 $7,177 $223,900 $0 $223,900
2014 $6,343 $189,110 $0 $189,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 186765

Aspen Glenwood MLS

APN: R004889