What’s the Big Deal: $4.25 million for West End home in Aspen | AspenTimes.com

What’s the Big Deal: $4.25 million for West End home in Aspen

Staff report
Pitkin County Assessor's Office

Price: $4.25 million

Date recorded: Nov. 1

Address: 602 N. Fourth St.

Neighborhood: West End

Buyer: Hill 190 LLC

Seller: Steven R. Stunda

Property type: Single-family residential

Year built: 1979

Total heated area: 3,520 square feet

Land: 6,058 square feet

Property taxes: $8,246.20

Buzzworthy

• Aspen boutique real estate firm Stirling Peak Properties has linked arms with Douglas Elliman Real Estate.

Stirling’s three partners — Bill Stirling, Layne Shea and Zach Merritt — will join the Elliman team while continuing to operate from their 600 E. Main St. offices under the new name.

Elliman now has 35 Aspen brokers.

“With the addition of Stirling Peak Properties, Douglas Elliman will be gaining a great book of business along with deep connections to the community, through which we can better represent the entire Aspen market. Not only that, but we will be joined by a team well-respected for their high level of integrity, professionalism and experience,” said Ed Foran, managing broker of Douglas Elliman’s Aspen market, in a statement.

Elliman, New York’s largest real estate brokerage, tapped the Aspen market in December 2014 when it acquired Joshua & Co.

• The Oct. 7 auction sale of the Redstone Castle is on the verge of closing, according to an announcement made Friday by Platinum Luxury Auctions.

The sale was held in cooperation with Aspen-based brokerage Aspen-Snowmass Sotheby’s International Realty, represented by listing agents Ted Borchelt and Jana Dillard.

“Although the price of the sale has not yet been released, representatives for Platinum stated that the high bidder satisfied all of the terms of the auction sale, and that the transaction should close shortly,” the company said.

The auction was held with a reserve bid of $2 million, with the buyer required to put forth an additional 10 percent in commissions and other transaction fees to consummate the sale.

The 23,000-square-foot, 42-room mansion was most recently listed for $7.5 million in June 2015. The castle is listed on the National Register of Historic Places. It was built in 1902 by industrial and coal tycoon John Cleveland Osgood.

The current owner and seller-to-be is Redstone Castle LLC, which is based in Pasadena, California. Part-time Aspen resident Ralli Dimitrius controls the LLC.

The buyer’s future plans for the castle “are yet to be revealed,” according to last week’s announcement.

The price and owner’s identity — though the deed could be enlisted to limited liability corporation — will be public record once the sale is recorded in the Pitkin County Clerk and Recorder’s Office.


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