NOT LISTED FOR SALE

861 S Ute Ave Aspen, CO 81611

Estimated Value: $6,797,000 - $26,621,506

5 Beds
5.5 Baths
5,042 Sq Ft
$3,314/Sq Ft Est. Value

Last Sold January 11, 2024

Last sale price $25,750,000 $5,107 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $92,849/month

212 Days on Market

Highlights

  • Spa
  • Green Building
  • Steam Shower
  • Aspen Middle School Rated A-
  • 2 Fireplaces
  • 2-minute walk to Glory Hole Park

About This Home

As of January 2024

This stunning five bedroom home features high ceilings, antique oak floors, large stacked sliding doors, and elegant finishes throughout. The chef's kitchen includes Wolf and Sub Zero appliances, a double island, casual and formal dining, and is perfect for entertaining. The upper level primary includes a generous bath and private office. The four guest bedrooms are en-suite and beautifully appointed. The outdoor spaces are highlighted by stacked-stone architectural elements and include a private deck, terraced back patio and hot tub offering a lovely place to relax while listening to the running water from the seasonal stream. Located 2 blocks to the Gondola and just steps away from the Little Nell and some of Aspen's finest dining and boutiques, this property offers luxury and location.

Last Agent to Sell the Property

Matthew Ross

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA.100087505 Listed on: 05/15/2023

Co-Listed By

Bubba and Tracy Eggleston

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA40035658

Last Buyer's Agent

Steven Shane

Compass Aspen License #ER040002675

Compass Aspen

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,371

Year Built

  • Built in 2012

Lot Details

  • 5,153 Sq Ft Lot
  • North Facing Home
  • Fenced
  • Corner Lot
  • Landscaped with Trees
  • Property is in excellent condition

Parking

  • 1 Car Garage

Home Design

  • Frame Construction
  • Membrane Roofing
  • Metal Roof
  • Wood Siding
  • Stone Siding
  • Stone

Interior Spaces

  • 5,042 Sq Ft Home
  • 3-Story Property
  • Furnished
  • 2 Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Home Security System
  • Finished Basement

Kitchen

  • Oven
  • Stove
  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Green Building
  • Solar Water Heater
  • Solar Heating System

Outdoor Features

  • Spa
  • Patio

Location

  • Mineral Rights Excluded

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Water Rights Not Included

Community Details

  • Property has a Home Owners Association
  • Association fees include sewer
  • Ute Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273718295019

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,371

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.12
  • Co List Office Mls Id: ASSHMA
  • Inclusions: Dryer, Freezer, Oven, Refrigerator, Washer, Window Coverings, Stove Top, Range, Microwave, Dishwasher
  • Subdivision Name: Ute Addition
  • Directions: From Main Street, continue onto South Original Street, turn left onto Ute Avenue, home will be on the corner on the right.
  • Architectural Style: Two Story
  • Master Model: No
  • New Construction: No
  • Year Built: 2012
  • Tax Parcel Letter: R004791
  • Attribution Contact: (970) 925-6060
  • Location Info:Furnished: Yes
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: Residential
  • General Info:Main Floor Master: No
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 3.0
  • Financing Info:Taxes2: 38371.0
  • Financing Info:Tax Year2: 2022
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Listing Info:New Construction: No
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Stone Siding: Yes
  • Exterior:Wood Siding: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Roof:Membrane: Yes
  • Water Rights:No3: Yes
  • Extras:Fence: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Inclusions:Window Coverings: Yes
  • General Info:Unit Faces: North
  • Style:Two Story: Yes
  • Substructure:Finished Basement: Yes
  • Inclusions:Oven: Yes
  • Cooling:Central AC: Yes
  • Inclusions:Freezer: Yes
  • Inclusions:Stove Top: Yes
  • Roof:Metal: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • Extras:Steam Shower: Yes
  • Energy Efficiency:Solar Hot Water: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Has Basement: Finished
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 5042.0
  • Fireplace:Gas: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot, Landscaped
  • Construction Type: Wood Siding, Stone Veneer, Stone, Frame
  • Direction Faces: North
  • Property Condition: Excellent
  • Roof: Metal, Membrane
  • Construction:Frame: Yes
  • Construction:Stone: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 2 Car
  • Keywords Info:Garage: 1 Car
  • Parking Area:_two_ Car2: Yes

Utilities

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

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

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

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 5153.0
  • Parcel #: 273718295019
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 38371.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Jan 11, 2024
Sold by
861 Ute Avenue Holdings Llc
Bought by
Fl & Al Community Trust
Seller's Agent
Matthew Ross
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Steven Shane
Compass Aspen
List Price
$27,750,000
Sold Price
$25,750,000
Premium/Discount to List
-$2,000,000
-7.21%
Views
562
Current Estimated Value
$16,709,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,040,747
Avg. Annual Appreciation
-21.57%

Purchase Details

Listed on
Dec 17, 2014
Closed on
Sep 15, 2015
Sold by
Laguna Sierra Llc
Bought by
861 Ute Avenue Holding Llc
Seller's Agent
Lindsay Forster
Bowden Homes
Buyer's Agent
Andrew Ernemann
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$11,450,000
Sold Price
$10,500,000
Premium/Discount to List
-$950,000
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.37%
Original Mortgage
$6,792,500
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 30, 2010
Sold by
Ute American Properties Llc
Bought by
Laguna Sierra Llc

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
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2006
Sold by
Ute Chalet Llc
Bought by
Ute American Properties Llc
Source: Public Records

Range of Values:

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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
Fl & Al Community Trust $25,750,000 Attorneys Title
861 Ute Avenue Holding Llc $10,500,000 None Available
Laguna Sierra Llc $2,500,000 Pct
Ute American Properties Llc $2,428,000 Stewart Title Of Colorado In
Ute Chalet Llc -- Stewart Title Of Colorado In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 861 Ute Avenue Holding Llc $6,792,500
Previous Owner Laguna Sierra Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/11/2024 01/11/24 Sold $25,750,000 -7.2% $5,107 / Sq Ft
05/15/2023 05/15/23 For Sale $27,750,000 +164.3% $5,504 / Sq Ft
09/15/2015 09/15/15 Sold $10,500,000 -8.3% $2,071 / Sq Ft View Prior Sale
03/01/2015 03/01/15 Pending -- -- --
12/17/2014 12/17/14 For Sale $11,450,000 -- $2,258 / 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 $54,262 $1,636,720 $467,950 $1,168,770
2023 $54,262 $1,655,310 $473,260 $1,182,050
2022 $38,371 $1,036,360 $340,550 $695,810
2021 $38,208 $1,066,190 $350,350 $715,840
2020 $35,889 $994,090 $343,200 $650,890
2019 $35,889 $994,090 $343,200 $650,890
2018 $29,412 $1,001,040 $345,600 $655,440
2017 $25,967 $806,540 $306,000 $500,540
2016 $17,011 $517,620 $232,830 $284,790
2015 $16,794 $517,620 $232,830 $284,790
2014 $14,874 $438,080 $200,590 $237,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 179222

Aspen Glenwood MLS

APN: R004791