“BEFORE” – SOLD 06/04/15
MLS #138252 – Redevelopment Opportunity for over-sized corner lot, Townsite of Aspen, West End, 219 N Monarch Street, Aspen, CO: Sold Price (multiple bids): $7,400,000/$3,206 sq ft; partial furnished. More details below photos.
MLS #138252 – Redevelopment Opportunity for over-sized corner lot, Townsite of Aspen, Historic West End, 219 N Monarch Street, Aspen, CO: Sold Price: $7,400,000/$3,206 sq ft; partial furnished; Asking Price: $6,995,000. (Original Price: $6,995,000 and 70 days on the market since 03/26/2015.) There were multiple bids on this redevelopment property, ultimately selling over ask price. It went under contract within 10 days of coming onto the market. This is a 1949 built, 4 bedroom/3 bath/1 half-bath, 2,308 sq ft single family home with 2 car garage on a 9,000 sq ft lot. Broker comments are “Double your value in one purchase. The only 9,000 sq/ft non-historic West-End lot one block from the Hotel Jerome that allows TWO (2) DETACHED single family residences. In the same family since 1966, this NE corner has dead-on Views of Aspen Mountain and the best location on this block away from the traffic on Bleeker and away from the hustle and bustle of the Red Brick. FAR of 4,080 for 2 detached residences, however, this is not historic so a buyer could pursue landing two City TDR’s to increase above grade FAR to 4,580. See Land Use Analysis and GIS satelite view showing this lot in relarion to the neighborhood. A once in a lifetime opportunity to own the largest non-historic lot on this block for your dream single family home or as a redevelopment opportunity for TWO (2) DETACHED single family residences.” 2014 Taxes: $10,915. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/05/2015; Sold Date: 06/04/2015. (Photos and broker comments courtesy of Cuthbert L Myrin Jr. LLC)
NO AFTER, YET…