What’s the Big Deal: Chaparral Cabin, surrounding land sell for $7.5 million
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: $7.5 million
Date recorded: Aug. 1, 2016
Address: 2421 Discovery Way, Woody Creek
Buyer: Woody Creek Conservancy LLC
Seller: Woody Creek Ventures LLC
Property type: Single-family residential improvement
Year built: 2002
Total heated area: 992 square feet
Land size: 371.6 acres
Worth noting: The property was originally listed Oct. 15 for $13.9 million. The home is known as the Chaparral Cabin, while the property contains multiple cabin sites. The deal included 10 parcels.
Real estate transfer-tax collections for the city of Aspen were down 29 percent for the Wheeler Opera House portion and 31 percent for the affordable-housing coffer in July compared with July 2015, according to a report issued by the city’s Finance Department on Friday.
The city collected $200,061 in Wheeler proceeds, down from $280,662 in July 2015. On the affordable-housing side, the city drew $372,328, compared with $537,367 in July 2015.
From January through July, the city has collected $1.5 million in Wheeler transfer taxes, a 49 percent plummet compared with the $2.9 million collected during the first seven months of 2015.
Tax collections for the affordable-housing pool stand at $2.8 million from January through July, a steep decline of 47 percent compared with $5.3 million in 2015, according to the report.
Support Local Journalism
Support Local Journalism
Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
In this Aspen Times Weekly cover story, “Selling the Mountains” podcast host Christian Knapp writes about what he’s learned from three months covering Aspen’s unprecedented pandemic real estate boom.