Meriwether Companies & Revere Capital Acquire Single Family Property In Aspen, CO For $69M
1490 Ute Avenue, Aspen, Colorado 81611, United States
$69,000,000
Building Size
—
Asset Type
Single Family Residence
Closing
Sep 30, 2022
AI
The single-family property located at 1490 Ute Ave, Aspen, CO has been sold in a recent transaction. The sale took place on October 1, 2022. The property was purchased by Meriwether Companies & Revere Capital for a total of $69,000,000. The transaction marks a significant deal in the Aspen market.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $69,000,000
- Address: 1490 Ute Ave, Aspen, CO
- Market: Aspen, CO
The buyers, Meriwether Companies & Revere Capital, acquired the property from Elizabeth & John Burgess. The involvement of these key individuals and companies adds significance to the deal. However, no additional information is available regarding loan amounts or square footage. The transaction represents a notable investment in the Aspen market.
Players
Aspen Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93