What’s the Big Deal: $17.25 million for West End home

“What’s the Big Deal?” runs Mondays and is based on the week’s most expensive property transaction recorded in the Pitkin County Clerk & Recorder’s Office.

Price: $17.25 million

Date recorded: Dec. 6

Address: 423 N. Second St.

Neighborhood: West End

Buyer: Smuggler FB3 LLC

Seller: James McManus Trust

Property type: Residential

Actual year built: 1888

Effective year built: 1999

Last remodel: 2006

Total heated area: 4,356 square feet

Lot size: 12,000 square feet

Assessor’s office actual value: $12,502,700

Assessor’s office assessed value: $893,940

Property tax bill: $30,723.20

Worth noting: The seller was the trust in the name of the deceased James McManus, an accomplished businessman who once owned the Hotel Jerome with Dick Butera.