Invest in Your Aspen Dream: Development Property with Rental Income! Nestled in a serene neighborhood within walking distance to downtown, this duplex lot offers an enticing investment opportunity with the added bonus of owner-occupancy potential. Outfitted with two separate homes, it presents the ideal scenario for living in one unit while renting out the other, providing both flexibility and income potential. Additionally, the quiet neighborhood setting ensures a peaceful retreat while remaining close to the heart of the action. Contact me for more information today or to schedule a showing! Partial Owner Financing will be considered.
Sold for $3,550,000
Street View
$3,550,000
548 Spruce St, Aspen, CO 81611
5beds
2,958sqft
Single Family Residence
Built in 1888
7,405 Square Feet Lot
$5,582,800 Zestimate®
$1,200/sqft
$45,000 Estimated rent
Home value
$5,582,800
$4.63M - $6.81M
$45,000/mo
Zestimate® history
Owner options
List your home for rent
$45,000/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$45,000/mo
Rent Zestimate®
Refinance and save
$16,162/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$16,162/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Tracy Sutton (970)429-8275,
Berkshire Hathaway Home Services Signature Properties
Bought with:
Tracy Sutton, ER1320268
Berkshire Hathaway Home Services Signature Properties
Source: AGSMLS,MLS#: 181392
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 2
Heating
- Hot Water
Cooling
- None
Appliances
- Laundry: Inside
Features
- Basement: Crawl Space
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,958
- Total interior livable area: 2,958 sqft
- Finished area above ground: 2,958
Property
Parking
- Parking features: None, Common
- Has carport: Yes
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 273707410031
- Zoning: R-6
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding, Frame
- Roof: Composition
Condition
- Good
- New construction: No
- Year built: 1888
Utilities & green energy
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Spruce Street
Location
- Region: Aspen
Financial & listing details
- Price per square foot: $1,200/sqft
- Tax assessed value: $4,150,500
- Annual tax amount: $5,447
- Date on market: 10/16/2023
- Listing terms: Cash
- Inclusions: Oven, Stove Top, Microwave
- Exclusions: Dishwasher, Freezer, Washer, Refrigerator, Dryer, Ceiling Fan
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2024 | Sold | $3,550,000-24.4%$1,200/sqft |
Source: AGSMLS #181392 Report a problem | ||
| 8/18/2024 | Pending sale | $4,695,000$1,587/sqft |
Source: BHHS broker feed #181392 Report a problem | ||
| 7/27/2024 | Contingent | $4,695,000$1,587/sqft |
Source: AGSMLS #181392 Report a problem | ||
| 6/27/2024 | Price change | $4,695,000-6%$1,587/sqft |
Source: AGSMLS #181392 Report a problem | ||
| 4/18/2024 | Price change | $4,995,000-5.4%$1,689/sqft |
Source: AGSMLS #181392 Report a problem | ||
| 3/12/2024 | Price change | $5,279,000-4%$1,785/sqft |
Source: AGSMLS #181392 Report a problem | ||
| 10/16/2023 | Listed for sale | $5,500,000$1,859/sqft |
Source: AGSMLS #181392 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,966 +9.2% | $259,410 +5.5% |
| 2024 | $7,295 +33.9% | $245,990 -0.6% |
| 2023 | $5,448 +0.4% | $247,360 +66.5% |
| 2022 | $5,424 | $148,590 -2.8% |
| 2021 | -- | $152,870 +8.5% |
| 2020 | $5,073 +0.8% | $140,830 |
| 2019 | $5,031 +14.5% | $140,830 -0.7% |
| 2018 | $4,393 | $141,810 +16.4% |
| 2017 | $4,393 +13.3% | $121,870 -11% |
| 2016 | $3,876 -12.8% | $136,900 |
| 2015 | $4,446 -18% | $136,900 -17% |
| 2014 | $5,419 | $165,010 |
| 2013 | -- | $165,010 -9.7% |
| 2012 | $5,783 | $182,710 -20.8% |
| 2009 | -- | $230,800 +19.8% |
| 2008 | $5,846 +36.5% | $192,620 |
| 2006 | $4,283 +57.3% | $192,620 +48.4% |
| 2005 | $2,724 | $129,830 +44.9% |
| 2004 | -- | $89,630 |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
| 1999 | -- | $684,900 |
Find assessor info on the county website
Neighborhood: 81611
Nearby homes
- $3,094,7003 bd2 ba1.8k sqft534 Spruce St, Aspen, CO 81611Off Market
- $4,950,0005 bd5 ba1.7k sqft560 Spruce St, Aspen, CO 81611For Sale
- $2,942,8003 bd2 ba1.6k sqft536 Spruce St, Aspen, CO 81611Off Market
- $6,995,0007 bd7 ba4.3k sqft534-53 Spruce St UNIT 1-2, Aspen, CO 81611For Sale
- $---- sqft518 Spruce St, Aspen, CO 81611Off Market
- $1,630,9004 bd6 ba3k sqft520 Spruce St, Aspen, CO 81611Off Market
- $9,174,2004 bd5 ba2.9k sqft520 Spruce St, Aspen, CO 81611Off Market
- $5,704,2002 bd2 ba1.4k sqft570 Spruce St, Aspen, CO 81611Off Market
Nearby schools
GreatSchools rating
- 8/10Aspen Elementary SchoolGrades: PK-4Distance: 2 mi
- 5/10Aspen Middle SchoolGrades: 5-8Distance: 2 mi
- 9/10Aspen High SchoolGrades: 9-12Distance: 2 mi
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$5,582,800
2% more
+$111K
With Zillow Showcase(estimated)
$5,694,456
- Colorado
- Pitkin County
- Aspen
- 81611
- 548 Spruce St
Nearby cities
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