What’s the Big Deal: Motherlode penthouse part of $36.5 million purchase | AspenTimes.com
YOUR AD HERE »

What’s the Big Deal: Motherlode penthouse part of $36.5 million purchase

What’s the Big Deal runs Mondays is based on the prior week’s most expensive property transaction recorded in the Pitkin County Clerk & Recorder’s Office.

Last week’s $36.5 million sale of the Motherlode building at 314 E. Hyman Ave. included residential components such as a top-floor penthouse, but it did not include the office space used by The Aspen Times. (Pitkin County Assessor’s Office)

Price: $36.5 million

Date recorded: Oct. 1, 2021



Buyer: Lake Farm Eat LLC

Seller: 314 Hexagon LLC; 314-200 Hexagon LLC; 314-PH Hexagon LLC




Address: 314 E. Hyman Ave., Units 102, 200 and 300

Neighborhood: Downtown Aspen, Motherlode building

Property type: Condominium

Year built: 2008

Total heated area: Unit 300, 3,409 square feet; unit 200, 1,677 square feet; unit 102 (basement), 1,838 square feet. Also includes 1,702-square-foot roof deck and 1,232 square feet of storage area.

Assessor’s office actual value: Unit 300, $15.3 million; unit 200, $4.6 million; unit 102, $1.5 million

Assessor’s office assessed value: Unit 300, $1.1 million; unit 200, $329,210; unit 102, $427,780

Property tax bill: Unit 300, $36,835; unit 200, $11,072; unit 102, $17,341

Worth noting: The Motherlode property purchased includes six bedrooms, nine full baths and one half-bath. The seller is affiliated with Boston-based Hexagon Properties, which is linked to Paul Edgerley, one of the owners of the Boston Celtics, and Sandy Edgerley, senior adviser at Bain Capital. The new owner is a limited liability company based in Texas that filed corporation documents with the state of Colorado on Aug. 20, according to public records. The purchase did not include the building’s downstairs office space used by The Aspen Times. That portion of the building is owned by Colorado Mountain News Media.

Source: Assessor’s Office and Clerk & Recorder’s Office, Pitkin County


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.

 

Business


See more