The Residences Property Sells for $16.25 Million

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The Residences Property Sells for $16.25 Million

ASPEN TIMES

The Residences building, located in the heart of downtown Aspen on the corner of South Spring Street and East Hopkins Avenue, sold Wednesday for $16.25 million.

Carrie Wells, broker associate of Coldwell Banker Mason Morse Real Estate in Aspen, represented the seller in the transaction.

The Residences features two separately deeded homes on a 6,000-square-foot lot, with the distinction of having no retail or office space, according to a statement from the real estate firm.

“This property was an incredibly rare find in Aspen,” Wells said. “(It) went under contract and closed in nine days. Interest and activity remain high for unique downtown properties.”

Original property owner Julius Berg was the first confectioner in Aspen. His daughter, Louise, was the first girl born in town and many think the family cow was one of the first to make the trek over Independence Pass, enjoying her years in the custom-built shed that is still a part of the property, the release said.

Constructed in 1885 during the mining boom, the residence housed the Berg family until Louise Berg died in 1971. The second homeowner, Adam Walton, lived at the property until his death in 2009.

Austin Lawrence Partners, a firm known for preserving and redeveloping several high-profile projects in Aspen over the past 20 years, was approached in 2010 by the Walton Family estate to bring the property back to its original charm. Because of its experience within Aspen, the firm was chosen to manage the complex challenges often presented by historic preservations, the release said.

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