NOT LISTED FOR SALE

700 & 701 S Garmisch St Aspen, CO 81611

Estimated Value: $6,449,000 - $30,632,426

3 Beds
3 Baths
3,060 Sq Ft
$6,059/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $12,300,000 $4,020 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $100,359/month

528 Days on Market

Highlights

  • 2.5 Acre Lot
  • Green Building
  • Views
  • Aspen Middle School Rated A-
  • Corner Lot
  • 4-minute walk to Wagner Park

About This Home

As of December 2020

Unique development opportunity at the base of Lift 1A within the core of Aspen. Lots 1 and 2 of the Barbee Subdivision are offered together for the first time ever. Direct access to trails and views while being able to walk to Aspen's vibrant downtown and Lift 1 Base area approved for major improvements. Lot 1 is 2.3 acres with a non-historic home that is approximately 3,000 square feet and allows for redevelopment of 4,500 square feet above-grade. Lot 2 is 11,705 square feet with the ability to build 4,500 square feet above-grade. All sub-grade space is exempt. The affordable housing impact requirements have been satisfied on Lot 2. The years of gaining subdivision approvals give these lots an advantage to start the building process. See documents tab for zoning summary.

Last Agent to Sell the Property

Carrie Wells

CB, The Aspen Broker Brokerage Phone: (970) 925-7000 Listed on: 02/10/2020

Last Buyer's Agent

Ryan Thompson

Christie's International Real Estate Aspen Snowmass License #FA100035406

Christie's International Real Estate Aspen Snowmass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,294

Year Built

  • Built in 1880

Lot Details

  • 2.5 Acre Lot
  • Northeast Facing Home
  • Corner Lot
  • Landscaped with Trees
  • Property is zoned R-15 and AH1/PUD

Parking

  • No Garage

Home Design

  • Cabin
  • Frame Construction
  • Composition Roof
  • Composition Shingle Roof
  • Wood Siding
  • Stone Siding
  • Log Siding

Interior Spaces

  • 3,060 Sq Ft Home
  • 2-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Eco-Friendly Details

  • Green Building

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 273513103001

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include sewer
  • Barbee Family Pud Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,294

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.5
  • Subdivision Name: Barbee Family PUD
  • Directions: From Main Street - take a right (South) on Garmisch. Property is at the end of the street on the right.
  • Architectural Style: Cabin
  • Master Model: No
  • Year Built: 1880
  • Tax Parcel Letter: R017163
  • Attribution Contact: (970) 925-7000
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: R-15 and AH1/PUD
  • General Info:Main Floor Master: No
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 30294.0
  • Financing Info:Tax Year2: 2019
  • Laundry Facility:Area4: Yes
  • Sanitation:Sewer: Yes
  • Exterior:Stone Siding: Yes
  • Exterior:Wood Siding: Yes
  • Roof:Composition Shingles: Yes
  • Unit Faces:North: Yes
  • Unit Faces:East: Yes
  • Exterior:Log Siding: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Living Area: 3060.0

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Wood Siding, Log Siding, Stone Veneer, Frame
  • Roof: Composition
  • Construction:Frame: Yes

Garage/Parking

  • Keywords Info:Garage: None

Utilities

  • Building Features: Yes
  • Heating: Natural Gas, Forced Air
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Financing Info:Association Fee Frequency2: Annually
  • Location Amenities:Corner Lot: Yes
  • Location Amenities:Trees: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 108900.0
  • Parcel #: 273513103001
  • Zoning: R-15 and AH1/PUD
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 30294.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2021
Sold by
Maxamer Garmisch Llc
Bought by
Rvw Aspen Lp
Current Estimated Value
$18,540,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,750,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Feb 10, 2020
Closed on
Dec 29, 2020
Sold by
The Mark K Barbee Living Trust
Bought by
Maxamer Garmisch Llc
Seller's Agent
Carrie Wells
CB, The Aspen Broker
Buyer's Agent
Ryan Thompson
Christie's International Real Estate Aspen Snowmass
List Price
$13,950,000
Sold Price
$12,300,000
Premium/Discount to List
-$1,650,000
-11.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%
Original Mortgage
$7,000,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 12, 2005
Sold by
Barbee Mary K
Bought by
Mary K Barbee Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rvw Aspen Lp $24,500,000 Land Title Guarantee Co
Maxamer Garmisch Llc -- None Available
Mexamer Garmisch Llc $12,300,000 None Available
Mexamer Garmisch Llc $12,300,000 Pitkin County Title
Mary K Barbee Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rvw Aspen Lp $16,750,000
Previous Owner Mexamer Garmisch Llc $7,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $12,300,000 -11.8% $4,020 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
06/10/2019 06/10/19 For Sale $13,950,000 -- $4,559 / 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 $24,714 $751,770 $700,070 $51,700
2023 $24,714 $761,770 $709,380 $52,390
2022 $19,253 $525,160 $500,400 $24,760
2021 $19,170 $540,270 $514,800 $25,470
2020 $18,544 $519,050 $500,500 $18,550
2019 $18,544 $519,050 $500,500 $18,550
2018 $18,055 $522,680 $504,000 $18,680
2017 $15,931 $500,880 $489,600 $11,280
2016 $17,658 $543,760 $533,320 $10,440
2015 $17,430 $543,760 $533,320 $10,440
2014 $16,228 $483,820 $477,600 $6,220
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Carrie Wells

    CB, The Aspen Broker

  • R

    Buyer's Agent in 2020

    Ryan Thompson

    Christie's International Real Estate Aspen Snowmass

    (970) 379-2651

    1 in this area

    10 Total Sales

    Ryan Thompson
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Map

Source: Aspen Glenwood MLS

MLS Number: 159715

Aspen Glenwood MLS

APN: R017163

Colorado Pitkin County Aspen 81611

700 & 701 S Garmisch St, Aspen, CO

This home is located at 700 & 701 S Garmisch St, Aspen, CO 81611 since 10 February 2020 and is currently estimated at $18,540,713, approximately $6,059 per square foot. This property was built in 1880. 700 & 701 S Garmisch St 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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