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.
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