548 Spruce Street, Aspen, CO 81611

$3,550,000
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,958 Lot Size (sq. ft.): 7,554 Status: Closed
Current Price: $3,550,000 List Date: 10/16/2023 Last Modified: 3/27/2026

Overview

Description

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.

Listing Details MLS# 181392

Location Info

Type
Single Family Residence
Major Area
Aspen
Area
01-Smuggler
Original List Price
5500000
Asking Price
4695000
Street #
548
Street Name
Spruce
Street Suffix
Street
City/Town
Aspen
State/Province
CO
Postal Code
81611
Furnished
Unfurnished

Keywords Info

Total Baths
4
Baths - Full
2
Baths - 3/4
2
Acreage
Unknown
Pre-Fabricated Home
No

Listing Info

New Construction
No
Seller/Owner is Licensed
No
Short Sale
No
REO
No
Auction
No
Member Association
Aspen Association
County
Pitkin
ADU
Yes

General Info

Sub/Loc
Spruce Street
Legal
SUBDIVISION: WILLIAMS ADDITION BLOCK: 10 LOT: 1 AND:- LOT: 2
Zoning
R-6
Nbr of Acres
0.17
Lot SqFt
7554
Lv Ht SqFt
2958
LvHtSqFt (Abv Grnd)
2958
Total SqFt
2958
Price/LvH SqFt
1587.22
ud_i_02
3
Main Floor Primary Bedroom
No
Short Termable
No
Year Built
1888
Year Remodeled
1995
Parcel #
273707410031
Directions
Mill Street North toward Red Mountain, right on Gibson, left on Spruce Street. Home is on the right, before the curve.

Home Performance Programs

Energy Star Rated
No

Financing Info

Metro Tax District
No
Taxes
5447.6
Tax Year
2022
Transfer Tax
Yes
HOA Dues Y/N
No
HOA Transfer Fee
No

More Information

Status Change Info

Under Contract Date
2024-07-26
Proposed Close Date
2024-08-30
Sold Date
2024-09-04
Sold Price Per/SF
1200.14

Remarks

Public Remarks
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.

Electric

Yes
Public

Fireplace

# Fireplaces
2

Property Features

Laundry Facility: Laundry Room Style: Two Story Construction: Frame Exterior: Wood Siding Roof: Composition Shingles Condition: Good Heating: Hot Water Gas: Natural Gas Water: Public Cooling: None Sanitation: Sewer Fireplace: Wood Burning Carport: None Parking Area: Common; None Possession: Negotiable Extras: Cable TV; Fence; Guest/Caretaker Qtrs; Patio/Deck; Storage Shed Terms Offered: Cash Disclosures: 1031 Exchange Mineral Rights: No Water Rights: No Location Amenities: Gentle Topo Sign: Yes Inclusions: Microwave; Oven; Stove Top Exclusions: Ceiling Fan; Dishwasher; Dryer; Freezer; Refrigerator; Washer
IDX
Listing Office: Berkshire Hathaway Home Services Signature Properties
Source MLS Verified
Last Updated: March - 27 - 2026
Broker Attribution: (970) 429-8275

Copyright 2020 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.