What’s the Big Deal: $7.85 million for Tiehack home
Editor’s note: “What’s the Big Deal?” runs Sundays and is based on the most expensive property transaction recorded in Pitkin County through 3 p.m. each Friday.
Price: $7.85 million
Date recorded: Sept. 9
Address: 1520 Tiehack Road, Aspen
Buyer: 509 Oregon Trail LLC
Seller: 1520 Tiehack LLC
Property type: Single-family residential
Year built: 2002
Total heated area: 9,385 square feet
Land: 3.7 acres
Features: Five baths, six bedrooms, elevator, three-car garage, multiple fireplaces, office, gym, sauna, wine room, etc.
Property taxes: $21,195.64
• The historic Redstone Castle goes to the auction block Oct. 7.
The auction comes after the 23,000-square-foot, 42-room mansion was most recently listed for $7.5 million in June 2015.
Platinum Luxury Auctions, which is hosting the sell-off, will have a reserve price of $2 million for the castle, which sits on a 150-acre parcel in Pitkin County.
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 castle, once the subject of litigation and an IRS seizure as part of a fraud investigation, last sold for $4 million, also during an auction, in October 2005. The current owner is Redstone Castle LLC, which is based in Pasadena, California. Part-time Aspen resident Ralli Dimitrius controls the LLC.
• The city of Aspen has reported near-flat real estate transfer tax collections for August.
The part of the tax that supports the affordable-housing fund generated the city $703,321 in August, down 2 percent from the $719,624 received in August 2015, according to the city’s Finance Department.
The Wheeler Opera House portion drew $378,135 last month, nearly identical to the $378,596 collected in August 2015.
For the first eight months of this year, the housing tax is down 42 percent, while the Wheeler portion is trailing by 43 percent.
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Onsite parking won out over a Turkish bath at a new lodge planned to be built across from City Market. Aspen’s elected officials didn’t want to burden the neighborhood with offsite parking for the new hotel.