NOT LISTED FOR SALE

860 W Buttermilk Rd Aspen, CO 81611

Estimated Value: $6,705,000 - $11,046,136

5 Beds
4 Baths
5,935 Sq Ft
$1,474/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $5,000,000 $842 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $50,207/month

77 Days on Market

Highlights

  • Horse Property
  • Spa
  • Green Building
  • Aspen Middle School Rated A-
  • Sauna
  • Hydromassage or Jetted Bathtub

About This Home

As of October 2020

There are a lot of great memories from Aspen in the 70's, including this truly memorable ''modern'' home that has stood the test of time with strategic improvements and remains a perfect home for any number of family, art collector, or even rental scenarios. Situated on a fabulous lot, the expansive windows reveal far-reaching views toward Aspen, Highlands and downvalley. Conveniently located just a one-minute drive to the base of Buttermilk, two minutes to the Maroon Creek Club, three minutes to the airport, or five minutes to downtown Aspen, it's a great way to be connected to everything you might need, yet enjoy the privacy of five acres. Boasting many improvements including updated duo-pane windows and doors, new roof, Lutron lighting, refurbished indoor pool,new hardwood flooring, air conditioning throughout, and a spectacular water feature and landscaping, all the work has been done and it's now ready for full-time enjoyment. Offered completely turn-key furnished - all you have to do is show up! new hardwood flooring, air conditioning throughout, and a spectacular water feature and landscaping, all the work has been done and it's now ready for full-time enjoyment. Offered completely turn-key furnished - all you have to do is show up!

Last Agent to Sell the Property

Craig Morris

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #EA40009691 Listed on: 05/18/2020

Last Buyer's Agent

Craig Morris

Aspen Snowmass Sotheby's International Realty - Hyman Mall

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,435

Year Built

  • Built in 1976

Lot Details

  • 5.08 Acre Lot
  • South Facing Home
  • Southern Exposure
  • Fenced
  • Gentle Sloping Lot
  • Sprinkler System
  • Landscaped with Trees
  • Property is in excellent condition
  • Property is zoned AR-10

Parking

  • 2 Car Garage

Home Design

  • Frame Construction
  • Membrane Roofing
  • Stone Siding
  • Stucco Exterior

Interior Spaces

  • 5,935 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wood Burning Fireplace
  • Window Treatments
  • Sauna
  • Crawl Space
  • Home Security System
  • Property Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms
  • Hydromassage or Jetted Bathtub
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Green Building

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Horse Property
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System
  • Well
  • Septic Tank
  • Septic System

Community Details

  • No Home Owners Association
  • West Buttermilk Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273503300044

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,435

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 5.08
  • Inclusions: Dryer, Freezer, Oven, Refrigerator, Washer, Window Coverings, Range, Microwave, Dishwasher
  • Subdivision Name: West Buttermilk
  • Directions: Hwy 82 to Owl Creek Road, left on West Buttermilk Road, go through a couple of switchbacks and the house is on the left.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 1976
  • Tax Parcel Letter: R003807
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: Yes
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: AR-10
  • General Info:Main Floor Master: No
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:REO: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 9434.64
  • Financing Info:Tax Year2: 2020
  • Extras:Hot TubSpa: Yes
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Extras:Pool: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Stone Siding: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Roof:Membrane: Yes
  • Extras:Lawn Sprinklers: Yes
  • Substructure:Crawl Space: Yes
  • Extras:Fence: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • Extras:Sauna: Yes
  • Unit Faces:South: Yes
  • Exterior:Stucco: Yes
  • Style:Two Story: Yes
  • Sanitation:Septic: Yes
  • Inclusions:Oven: Yes
  • Cooling:Central AC: Yes
  • Inclusions:Freezer: Yes
  • Extras:Steam Shower: Yes
  • Extras:Indoor Jetted Tub: Yes
  • Water:Well - Domestic: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 5935.0
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Landscaped
  • Disclosures: Seller Lic RE Agent
  • Construction Type: Stone Veneer, Stucco, Frame
  • Property Condition: Excellent
  • Roof: Membrane
  • Construction:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 2 Car
  • Keywords Info:Garage: 2 Car
  • Parking Area:_two_ Car2: Yes
  • General Info:Garage SqFt: 518.0

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Building Features: Yes
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Radiant, Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available
  • Water Source: Well
  • Heating:Radiant: Yes
  • Heating:Forced Air: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Location Amenities:Gentle Topo: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes
  • Location Amenities:Horse Property: Yes

Lot Info

  • Lot Size Sq Ft: 221285.0
  • Parcel #: 273503300044
  • Zoning: AR-10
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9434.64
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2020
Closed on
Oct 19, 2020
Sold by
Crf36a Llc
Bought by
Levy Colorado Holdings Llc
Seller's Agent
Craig Morris
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Craig Morris
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$5,650,000
Sold Price
$5,000,000
Premium/Discount to List
-$650,000
-11.5%
Current Estimated Value
$8,746,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,746,034
Avg. Annual Appreciation
11.07%

Purchase Details

Listed on
Apr 1, 2017
Closed on
Oct 11, 2017
Sold by
Hess Richard M
Bought by
Crf 36A Llc
Seller's Agent
Jason Hodges
Coldwell Banker Mason Morse-Carbondale
Buyer's Agent
Katie Holton
Frias Properties of Aspen
List Price
$3,475,000
Sold Price
$2,055,900
Premium/Discount to List
-$1,419,100
-40.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.22%
Original Mortgage
$1,000,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 1, 2017
Closed on
Sep 22, 2017
Sold by
The Allan B Margolis Exempt Marital Trus
Bought by
The Allan B Margolis Non Exempt Marital
Seller's Agent
Jason Hodges
Coldwell Banker Mason Morse-Carbondale
Buyer's Agent
Katie Holton
Frias Properties of Aspen
List Price
$3,475,000
Sold Price
$2,055,900
Premium/Discount to List
-$1,419,100
-40.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 2002
Sold by
The Allan B Margolis Trust
Bought by
The Allan B Margolis 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
Levy Colorado Holdings Llc $5,000,000 Attorneys Ttl Ins Agcy Of As
Crf 36A Llc $2,055,900 Land Title Guarantee Co
The Allan B Margolis Non Exempt Marital -- None Available
The Allan B Margolis Non Exempt Martial -- None Available
The Allan B Margolis Family Trust -- --
Allan B Margolis Exempt Marital Trust -- --
The Allan B Margolis Non Exempt Marital -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crf36a Llc $2,437,500
Previous Owner Crf 36A Llc $1,000,000
Previous Owner Hess Richard M $570,000
Previous Owner Margolis Amelia Claire $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2020 10/19/20 Sold $5,000,000 -11.5% $842 / Sq Ft
08/04/2020 08/04/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $5,650,000 +174.8% $952 / Sq Ft
10/11/2017 10/11/17 Sold $2,055,900 -40.8% $365 / Sq Ft
09/16/2017 09/16/17 Pending -- -- --
04/01/2017 04/01/17 For Sale $3,475,000 -- $616 / 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 $22,853 $607,180 $399,570 $207,610
2023 $22,853 $615,780 $405,230 $210,550
2022 $13,244 $281,410 $159,850 $121,560
2021 $13,339 $289,510 $164,450 $125,060
2020 $9,435 $200,200 $135,850 $64,350
2019 $9,435 $200,200 $135,850 $64,350
2018 $10,750 $260,600 $136,800 $123,800
2017 $9,398 $224,000 $129,600 $94,400
2016 $11,685 $275,010 $143,280 $131,730
2015 $11,638 $275,010 $143,280 $131,730
2014 $12,068 $287,500 $135,320 $152,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 164259

Aspen Glenwood MLS

APN: R003807