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244 Ridge Road

244 Ridge Road, Aspen, CO 81611
House in Pitkin
Sold Oct 07, 2020
$7,425,000
$5,000,000 by Morgan Stanley Private Bank Na
Mortgage Due Oct 01, 2051
Sold Mar 01, 1989
$2,200,000
244 Ridge Road has been categorized by the local assessors in Aspen, CO as a residential type of property. The building on the property was first built in 1978 and is 46 years old. However, we must point out that the home was most recently renovated and altered in 1994. The home has a total of 5 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 2 stories. In addition, 244 Ridge Road has 14,377 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 699 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 55,147 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 908 sqft. According to our sources, there are a total of 4 available parking spaces. Love to swim? You'll be excited to find out that there is a spa or hot tub but no pool on the property. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B+ by the local assessor. The building has a shed style roof made of wood shake/ shingles. The exterior walls of the building are made of wood siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. The building on the property is connected to a sewer system. The property was last sold in Oct 5, 2020 for $7,425,000. That's $985.01 per sqft. Prior to that sales transaction, the property was also sold in Mar 1, 1989 for $2,200,000. 244 Ridge Road was last assessed in 2023. The total value of the property was assessed at $626,810. Specifically, the land the property is located on was valued at $435,640. While improvements on the property were assessed at a total of $191,170. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $16,220. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1994
  • Total Rooms: 5
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Quality: B+
  • Construction Type: Frame
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Shed
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Type: Finished improved basement
  • Basement Area: 699
  • Garage Type: Garage
  • Garage Square Area: 908
  • Parking Space Count: 4
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 55,147
  • Total Building Area: 7,538
  • Gross Building Area: 10,667
  • Building Area: 7,538
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 14,377
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: RED MOUNTAIN
  • Land Acres: 1.266
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBDIVISION: RIDGE OF RED MOUNTAIN LOT: 1

Ownership

  • Current Owner : ASPEN RIDGE LLC
  • Previous Owner : KAUFMAN SYLVIA C
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Aspen School District 1
  • Census Tract: 000404

Geography

  • Account Number: R003246
  • Parcel: 273501404025
  • Lot: 1
  • Municipality: 1-CFX
  • Latitude: 39.2034
  • Longitude: -106.822

    Address

  • Full Address: 244 Ridge Rd
  • Address - House Number: 244
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: CO
  • City Name: Aspen
  • Zip Code: 81611

Valuation

    Tax

  • Total Area: 7,538
  • Tax Year: 2023
  • Tax Amount: $16,220

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 70
  • Final Value: 11,133,973
  • High Value: 13,556,672
  • Low Value: 8,711,273

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,000,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Sep 14, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $5,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $9,265,500
  • Market Land Value: $6,439,600
  • Market Improvement Value: $2,825,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $626,810
  • Assessed Land Value: $435,640
  • Assessed Improvements Value: $191,170

    Sales

  • Current Sale Contract Date: Oct 05, 2020
  • Current Sale Recording Date: Oct 07, 2020
  • Current Sale Transaction ID: 11792212741
  • Current Sale Price: $7,425,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 669199
  • Previous Sale Recording Date: Mar 01, 1989
  • Previous Sale Contract Date: Mar 01, 1989
  • Previous Sale Amount: $2,200,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST UNITED BANK & TRUST CO
  • First Mortgage Transaction Date: Oct 07, 2020
  • First Mortgage Loan Amount: $5,197,500
  • First Mortgage Loan Type: Commercial

About Pitkin



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Frequently Asked Questions

What neighborhood is 244 Ridge Road located in?
The 244 Ridge Road is a house located in the neighborhood of Pitkin in Pitkin, Aspen.
What is the average sales price for listings in 244 Ridge Road?
The average sales price for units in 244 Ridge Road is $0 currently.

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