NOT LISTED FOR SALE

TBD N Eighth St Unit Lot 5 Aspen, CO 81611

The West End Neighborhood

Estimated Value: $6,774,000 - $9,702,000

0.17 Acre
$49,967,400 Price per Acre
7,490 Sq Ft Lot

Last Sold August 02, 2018

Last sale price $1,829,088

Est. 364% increase in value since last sale

Current estimated payment $51,599/month

10 Days on Market

Highlights

  • Green Building
  • No HOA
  • Level Lot
  • Aspen Middle School Rated A-
  • Views

About This Lot

As of August 2018

Build your legacy property in Aspen's extraordinary West End neighborhood. This is a unique opportunity to purchase an oversized 7,490 sq ft parcel with approved development rights already in place!! Design your dream home and capture surprising views of Aspen Mountain, Aspen Highlands, Highlands Bowl, and Willow Creek from this convenient location. Fabulous trees, a seasonal stream, and flat building site are bonuses. Enjoy the comfort and ease of the relaxed West End lifestyle...close proximity to downtown, easy access to all 4 ski areas, and walkable to the Aspen Institute & Aspen Music Tent. Purchase adjoining Lot 4 at $3,495,000 to create a 19,105 sq ft parcel...almost a half acre in Aspen's exclusive West End!

Last Listed By

Bubba and Tracy Eggleston

Aspen Snowmass Sotheby's International Realty - Hyman Mall Brokerage Phone: (970) 925-6060 License #FA40035658 Listed on: 06/29/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,204

Lot Details

  • 7,490 Sq Ft Lot
  • Level Lot
  • Property is zoned R6

Utilities

  • Electricity Not Available
  • Natural Gas Not Available
  • Water Rights Not Included

Additional Features

  • Green Building
  • Mineral Rights Excluded
  • Property Views

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 273512428005

Property Details

Property Type

Land

Est. Annual Taxes

$14,204

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Lot
  • Prop. Type: RES Vacant Land
  • Lot Size Acres: 0.17
  • Subdivision Name: None
  • Directions: Driving West on Main Street, make a right turn onto 8th Street. Lot 5 is first lot on right.
  • Tax Parcel Letter: R021886
  • Attribution Contact: (970) 925-6060
  • General Info:Zoning2: R6
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Financing Info:Taxes2: 14204.5
  • Financing Info:Tax Year2: 2017
  • Sanitation:Sewer: Yes
  • Mineral Rights:No2: Yes
  • Lot Description:Flat: Yes
  • Water Rights:None6: Yes
  • Electric:No: Yes
  • Gas:None9: Yes
  • Financing Info:HOA Dues YN: No
  • Special Features: None

Exterior Features

  • Disclosures: Easements, Other

Utilities

  • Building Features: Yes
  • Utilities: Electricity Not Available
  • Water Source: Public

Association/Amenities

  • Listing Info:Member Association: Aspen Association

Lot Info

  • Lot Size Sq Ft: 7490.0
  • Parcel #: 273512428005
  • Zoning: R6
  • ResoLotSizeUnits: Acres
  • Lot Description View: Yes

Tax Info

  • Tax Annual Amount: 14204.5
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2018
Closed on
Aug 2, 2018
Sold by
Aspen Dragonfly Partners Iii Llc
Bought by
Forest Lookouti Ii Llc
Seller's Agent
Bubba and Tracy Eggleston
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Buyer's Agent
Lex Tarumianz
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$2,995,000
Sold Price
$1,829,088
Premium/Discount to List
-$1,165,912
-38.93%
Total Days on Market
10
Current Estimated Value
$8,494,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,665,370
Avg. Annual Appreciation
22.39%
Original Mortgage
$2,125
Outstanding Balance
$1,868
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$7,165,792

Purchase Details

Closed on
Nov 26, 2014
Sold by
Aspen Dragonfly Partners Iii Llc
Bought by
Aspen Dragonfly Partners Iv Llc

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
Forest Lookouti Ii Llc $2,493,766 Stewart Title
Aspen Dragonfly Partners Iv Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forest Lookouti Ii Llc $2,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2018 08/02/18 Sold $1,829,088 -38.9% --
07/09/2018 07/09/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $2,995,000 -- --
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 $54,056 $1,644,300 $397,090 $1,247,210
2023 $54,056 $607,230 $401,170 $206,060
2022 $8,962 $244,450 $127,160 $117,290
2021 $19,242 $542,300 $542,300 $0
2020 $15,956 $446,600 $446,600 $0
2019 $15,956 $446,600 $446,600 $0
2018 $16,099 $446,600 $446,600 $0
2017 $14,205 $596,530 $596,530 $0
2016 $11,658 $359,020 $359,020 $0
2015 $11,508 $359,020 $359,020 $0
2014 -- $542,300 $542,300 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bubba and Tracy Eggleston

    Aspen Snowmass Sotheby's International Realty - Hyman Mall

    (970) 948-7130

    4 in this area

    43 Total Sales

    Bubba and Tracy Eggleston
    Section Image
  • Lex Tarumianz

    Buyer's Agent in 2018

    Lex Tarumianz

    Aspen Snowmass Sotheby's International Realty - Hyman Mall

    (540) 325-3214

    8 in this area

    219 Total Sales

    Lex Tarumianz
    Section Image
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Map

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Source: Aspen Glenwood MLS

MLS Number: 139139

Aspen Glenwood MLS

APN: R021886

Colorado Pitkin County Aspen 81611 The West End

TBD N Eighth St Unit Lot 5, Aspen, CO

Homes for Sale in Aspen, CO

This home is located at TBD N Eighth St Unit Lot 5, Aspen, CO 81611 since 29 June 2018 and is currently estimated at $8,494,458. TBD N Eighth St Unit Lot 5 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.