What’s the Big Deal: Aspen penthouse, studio combine for $8.4 million sale
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: $8.4 million
Date recorded: April 14
Address: 400 W. Hopkins Ave., units 3, 4 and 8
Buyer: JMW Golden LLC
Seller: 400 West Hopkins LLC
Property type: Condominium
Year built: 1973
Total heated area: 5,140 square feet
Worth noting: While constructed in 1973, 4,857 square feet of the property — units 3 and 4 — recently were redeveloped into a penthouse. Unit 8 is a 283-square-foot studio. The seller paid $4.4 million for the three units in July 2013, according to county property records.
• Hub of Aspen owner Charlie Tarver recently sold his portion of a condominiumized building downtown for $3.1 million, property records show. The buyer is Wheeler Square-Casper Family LLC, and the deal was recorded April 8 in the Clerk and Recorder’s Office. Tarver, whose entity Charlies Cow Company LLC acquired the property for $1.2 million in October 1999, said he will continue to own and operate the Hub of Aspen business.
• The recent death of longtime Aspen resident Dale Potvin had many in the community mourning, including those in the brokerage firm that he helped launch, Stirling Peak Properties.
“We lost a founder, colleague and dear friend in Dale Potvin last week. Known for finding clients the perfect property and the perfect powder turn, he was a consummate professional who will be remembered for being genuine, approachable and honest,” the company said in an email sent Thursday. A memorial service was held for Potvin on Saturday. He was 68.
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Current Basalt officials say the town government has violated the Colorado Taxpayers’ Bill of Right by increasing the property tax mill levy over the prior years 10 times since the mid-2000s. Two former mayors contend the mill levy could be adjusted in any given year as long as it didn’t exceed the mill levy in 1994. It’s a $2 million question.