Listen to the sound of the river from this cozy one bedroom on the east edge of town. Walking distance to the core. Small, private 5 unit complex surrounded by aspen trees. Plenty of parking and storage. Low HOA dues.
CondoProperty Type
1960Year Built
$2,420Est. Price/Sq.Ft.
1 spaceParking
Listed by Galen Bright, GRI, CNE• Setterfield & Bright
Bought with Layne Shea• Peak Properties of Aspen Inc.
Source:AGMLS #122173
Redfin Estimate
$1,222,058
$532K since sold in June 2018$206K since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 45.3% lower than the average sale price ($2.23M) of 6 comparable homes.
Listen to the sound of the river from this cozy one bedroom on the east edge of town. Walking distance to the core. Small, private 5 unit complex surrounded by aspen trees. Plenty of parking and storage. Low HOA dues.
Year
Property tax
Land + Additions
Assessment*
2025
$3,453 (+107.1%)
$88,740
2024
$1,667 (+9.2%)
$92,610
2023
$1,527 (−19.3%)
$50,290
2022
$1,891 (+0.4%)
$50,290
2021
$1,883 (+5.2%)
$51,080
2020
$1,790 (+0.8%)
$52,550
2019
$1,776 (+20.7%)
$49,190
2018
$1,471 (+13.3%)
$49,190
2017
$1,298 (+9.1%)
$40,330
2016
$1,190 (−0.6%)
$40,330
2014
$1,197
$36,230
Tax history for 550 S Riverside Ave #2
Year
Property tax
Land + Additions
Assessment*
2025
$3,453 (+107.1%)
$88,740
2024
$1,667 (+9.2%)
$92,610
2023
$1,527 (−19.3%)
$50,290
2022
$1,891 (+0.4%)
$50,290
2021
$1,883 (+5.2%)
$51,080
2020
$1,790 (+0.8%)
$52,550
2019
$1,776 (+20.7%)
$49,190
2018
$1,471 (+13.3%)
$49,190
2017
$1,298 (+9.1%)
$40,330
2016
$1,190 (−0.6%)
$40,330
2014
$1,197
$36,230
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-15
PD
Moderate-Density Residential District
The purpose of the Moderate-Density Residential R-15 Zone District is to provide areas for long-term residential purposes, short term vacation rentals, and customary accessory uses. Recreational and institutional uses customarily found in proximity to residential uses are included as conditional uses. Lands in the Moderate-Density Residential R-15 Zone District typically consist of additions to the Aspen Townsite and subdivisions on the periphery of the City. Lands within the Townsite which border Aspen Mountain are also included in the Moderate-Density Residential R-15 Zone District.
Zone overlays
PUD
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Property details
Interior
Room Information
# of Rooms: 2
Exterior
Property Information
Subdivision Name: REDWOOD
Living Sq. Ft: 505
Adjusted Gross Sq. Ft: 505
Ground Floor Sq. Ft: 505
Building Sq. Ft: 505
# of Units: 1
# of Stories: 1
Stories Type: 1
Legal Description: SUBDIVISION: REDWOOD UNIT: 2
Lot Information
# of Buildings: 1
Municipality Name: 1-AFSEA
County Use Description: CONDOS-IMPROVMENTS
Financial
Assessor Information
Assessment Year: 2026
Tax Area: 1-AFSEA
Public facts
Beds: 1
Baths: 1.0
Sq. Ft.: 505
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1960
Year Renovated: 1995
County: Pitkin County
APN: R005031
Home facts updated by county records on Oct 20, 2026
Around this home
Schools
K - 12
Preschool & daycare
Aspen Elementary School
Public PreK-4 • Assigned • 2.0mi
6/10
Aspen Middle School
Public 5-8 • Assigned • 2.0mi
8/10
Aspen High School
Public 9-12 • Assigned • 2.0mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
1/10 Heat Factor
10 days above 76° expected this year, 26 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Aspen, CO • 81611
Average low and high temperatures (°F)
32°
11°
41°
21°
51°
28°
53°
30°
62°
37°
77°
47°
81°
53°
77°
51°
67°
42°
58°
33°
44°
23°
39°
19°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.4 hours in
June and 6.1 hours in December, placing it above the
U.S. average for solar exposure.
10.4 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.16M – $1.41M
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