NOT LISTED FOR SALE

701 N 3rd St Aspen, CO 81611

Estimated Value: $6,238,000 - $16,754,199

3 Beds
2 Baths
2,108 Sq Ft
$5,454/Sq Ft Est. Value

Last Sold September 04, 2012

Last sale price $2,525,000 $1,198 Per Sq Ft

Est. 355% increase in value since last sale

Current estimated payment $63,601/month

325 Days on Market

Highlights

  • Green Building
  • Victorian Architecture
  • Patio
  • Aspen Middle School Rated A-
  • Corner Lot
  • Landscaped with Trees

About This Home

As of September 2012

Residing on a corner lot, this charming light-filled home encompasses
2,108 sq. feet of living space with the ability to add almost 1000 sq
feet above grade along with sub-grade exempt square footage. The
residence, offering 2 bedrooms and 2 baths all one level with a loft
3rd bedroom, features an elegant, timeless decor. A gourmet kitchen
features a large island and a window-seat dining area. A separate
formal dining room offers natural light from the skylights and wrap
around windows and doors that extend to an outdoor deck for sun
drenched lounging, dining and outdoor grilling by a fireside.

Last Agent to Sell the Property

Carrie Wells

CB, The Aspen Broker Brokerage Phone: (970) 925-7000 Listed on: 08/15/2011

Last Buyer's Agent

John Whipple

Global Real Estate Network, Aspen

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,629

Year Built

  • Built in 1888

Lot Details

  • 5,000 Sq Ft Lot
  • East Facing Home
  • Southern Exposure
  • Fenced
  • Corner Lot
  • Sprinkler System
  • Landscaped with Trees
  • Historic Home
  • Property is in good condition
  • Property is zoned R-6

Home Design

  • Victorian Architecture
  • Frame Construction
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 2,108 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Washer
  • Finished Basement

Kitchen

  • Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Carport

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Cable TV Available

Additional Features

  • Green Building
  • Patio

Listing and Financial Details

  • Assessor Parcel Number 273512111005

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include sewer

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,629

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Inclusions: Ceiling Fan, Freezer, Refrigerator, Washer, Window Coverings, Range, Dishwasher
  • Subdivision Name: None
  • Directions: From Main Street go north on Third Street. The house is on the corner of Third Street and Pearl Court.
  • Above Grade Finished Sq Ft: 2108.0
  • Architectural Style: Victorian
  • Carport Y N: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 1888
  • Tax Parcel Letter: R005687
  • Attribution Contact: (970) 925-7000
  • Location Info:Furnished: Partial
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: R-6
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 6629.08
  • Financing Info:Tax Year2: 2011
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Laundry Facility:Area4: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Exterior:Wood Siding: Yes
  • Inclusions:Range: Yes
  • Extras:Cable TV: Yes
  • Extras:Lawn Sprinklers: Yes
  • Condition:Good: Yes
  • Extras:Fence: Yes
  • Cooling:None: Yes
  • Inclusions:Ceiling Fan: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • General Info:LvHtSqFt (Abv Grnd): 2108.0
  • Unit Faces:East: Yes
  • Substructure:Finished Basement: Yes
  • Inclusions:Freezer: Yes
  • Roof:Shake: Yes
  • Carport:_one_ Car: Yes
  • Disclosures:Historical: Yes
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Has Basement: Finished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 2108.0
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot, Landscaped
  • Disclosures: Historical
  • Construction Type: Wood Siding, Frame
  • Property Condition: Good
  • Roof: Shake
  • Construction:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 Car
  • Keywords Info:Garage: 1 Car
  • Parking Area:_one_ Car2: Yes

Utilities

  • Building Features: Yes
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Corner Lot: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 5000.0
  • Parcel #: 273512111005
  • Zoning: R-6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6629.08
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2018
Sold by
701 N Third St Llc
Bought by
Brand New Day Llc
Current Estimated Value
$11,496,100

Purchase Details

Listed on
Aug 15, 2011
Closed on
Sep 4, 2012
Sold by
Krepack Vivian Geiger and The Krepack Family Trust
Bought by
701 N Third St Llc
Seller's Agent
Carrie Wells
CB, The Aspen Broker
Buyer's Agent
John Whipple
Global Real Estate Network, Aspen
List Price
$3,300,000
Sold Price
$2,525,000
Premium/Discount to List
-$775,000
-23.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.25%
Original Mortgage
$1,767,500
Interest Rate
3.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 15, 2011
Closed on
Aug 31, 2012
Sold by
Krepack Howard and Krepack Vivian
Bought by
Krepack Vivian Geiger
Seller's Agent
Carrie Wells
CB, The Aspen Broker
Buyer's Agent
John Whipple
Global Real Estate Network, Aspen
List Price
$3,300,000
Sold Price
$2,525,000
Premium/Discount to List
-$775,000
-23.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,767,500
Interest Rate
3.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2008
Sold by
Rappaport Kurt and Rappaport Juliette
Bought by
Krepack Howard and Krepack Vivian

Purchase Details

Closed on
Apr 7, 2006
Sold by
Finkelstein Carla Family Trust
Bought by
Krepack Howard and Krepack Vivian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 6, 2002
Sold by
Finkelstein Richard and Caria Carole C
Bought by
Finkelstein Caria Family Trust and Krepack Family Trust
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
Brand New Day Llc $9,250,000 Land Title Guarantee Co
701 N Third St Llc $2,525,000 Land Title Guarantee Company
Krepack Vivian Geiger -- Land Title Guarantee Company
Krepack Howard $1,500,000 None Available
Krepack Howard -- Fidelity National Title Co
Finkelstein Caria Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 701 N Third St Llc $1,767,500
Previous Owner Krepack Howard $1,750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2012 09/04/12 Sold $2,525,000 -23.5% $1,198 / Sq Ft
07/05/2012 07/05/12 Pending -- -- --
08/15/2011 08/15/11 For Sale $3,300,000 -- $1,565 / 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 $31,811 $967,650 $346,910 $620,740
2023 $31,811 $979,750 $351,250 $628,500
2022 $20,981 $572,270 $223,300 $348,970
2021 $20,890 $588,740 $229,730 $359,010
2020 $18,141 $507,780 $216,220 $291,560
2019 $18,141 $507,780 $216,220 $291,560
2018 $14,744 $511,330 $217,730 $293,600
2017 $9,363 $294,370 $210,920 $83,450
2016 $9,460 $291,320 $203,100 $88,220
2015 $8,511 $265,510 $203,100 $62,410
2014 $6,996 $208,580 $173,010 $35,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 122431

Aspen Glenwood MLS

APN: R005687