$2,055,900
SOLD OCT 11, 2017

860 W Buttermilk Rd Aspen, CO 81611

4 Beds
4 Baths
5,638 Sq Ft
5.08 Acres

Recently Sold

$365 Per Sq Ft

41% Below List Price

168 Days on Market

Highlights

  • Spa
  • Green Building
  • No HOA
  • Aspen Middle School Rated A-
  • Contemporary Architecture
  • Views

About This Home

As of October 2020

Highly desirable West Buttermilk neighborhood with so many possibilities! Live in the vintage 70's home, with indoor lap pool, while you design your new dream home. Property allows for up to 15,000 square feet with sufficient TDR's. Or, remodel the existing home and add your own modern touch. Stunning panoramic views from Shadow Mountain to Owl Creek.

Last Agent to Sell the Property

Jason Hodges

Coldwell Banker Mason Morse-Carbondale Brokerage Phone: (970) 963-3300 Listed on: 04/01/2017

Co-Listed By

Nancy Emerson

Coldwell Banker Mason Morse-Carbondale Brokerage Phone: (970) 963-3300 License #222701

Last Buyer's Agent

Katie Holton

Frias Properties of Aspen

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,685

Year Built

  • Built in 1976

Lot Details

  • 5.08 Acre Lot
  • East Facing Home
  • Landscaped with Trees
  • Property is zoned AR-10

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Membrane Roofing
  • Stucco Exterior

Interior Spaces

  • 5,638 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Property Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Pool

  • Spa
  • Outdoor Pool

Utilities

  • Central Air
  • Water Rights Not Included
  • Well
  • Septic Tank
  • Septic System

Additional Features

  • Green Building
  • Patio
  • Mineral Rights Excluded

Listing and Financial Details

  • Assessor Parcel Number 273503300044

Community Details

Overview

  • No Home Owners Association
  • West Buttermilk Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,685

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 5.08
  • Co List Office Mls Id: CBMMCarbondaleG
  • Subdivision Name: West Buttermilk
  • Directions: Hwy 82, turn onto Owl Creek Rd. Turn left on W. Buttermilk Road. House is second left. Look for sign.
  • Architectural Style: Two Story, Contemporary
  • Garage Yn: Yes
  • Master Model: No
  • Year Built: 1976
  • Tax Parcel Letter: R003807
  • Attribution Contact: (970) 963-3300
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: AR-10
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • Listing Info:ADU: No
  • General Info:Levels: 2.0
  • General Info:Short Termable: Yes
  • Financing Info:Taxes2: 11685.16
  • Financing Info:Tax Year2: 2016
  • Extras:PatioDeck: Yes
  • Laundry Facility:Area4: Yes
  • Extras:Pool: Yes
  • Substructure:Slab: Yes
  • Roof:Membrane: Yes
  • Water Rights:No3: Yes
  • Mineral Rights:No2: Yes
  • Unit Faces:East: Yes
  • Exterior:Stucco: Yes
  • Style:Two Story: Yes
  • Sanitation:Septic: Yes
  • Cooling:Central AC: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • Water:Well - Domestic: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 5638.0
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Construction Type: Stucco
  • Foundation Details: Slab
  • Roof: Membrane

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

  • Building Features: Yes
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available
  • Water Source: Well

Association/Amenities

  • Listing Info:Member Association: Glenwood Association
  • Location Amenities:Views: Yes
  • Location Amenities:Trees: Yes

Lot Info

  • Lot Size Sq Ft: 221241.24
  • Parcel #: 273503300044
  • Zoning: AR-10
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 11685.16
  • Tax Year: 2016

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
$8,857,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,857,730
Avg. Annual Appreciation
10.74%

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 Type Sale Price Title Company
Special Warranty Deed $5,000,000 Attorneys Ttl Ins Agcy Of As
Warranty Deed $2,055,900 Land Title Guarantee Co
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Commercial
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: 144011

Aspen Glenwood MLS

APN: R003807