ASPEN, COLORADO:
The new owners of one of Aspen’s most high-profile penthouses have a connection to a company that dealt with loads of media scrutiny in the 2012 presidential election.
Paul Edgerley is a managing director of Bain Capital, the Boston private-equity firm that was founded by Mitt Romney and two other partners in 1984. Public records list Edgerley and his wife, Sandra, as the principals of 314-PH Hexagon, a Brookline, Massachusetts, limited liability company that closed Friday on its purchase of the 9,000-square-foot penthouse located on the second and third floors of the Mother Lode building on Hyman Avenue.
The Edgerley couple’s three LLCs paid a total of $17 million for the top-floor penthouse, a second-floor residence and the basement space, according to Pitkin County Property records. The LLCs were formed on May 2, records show.
The Edgerley couple also bought a Starwood home for $19.537 million in February 2011.
Aspen broker Carrie Wells, who represented the Edgerleys in Friday’s deal, did not respond to a voice message left with her on Monday.
http://www.aspentimes.com/news/11484917-113/aspen-million-edgerley-penthouse?utm_source=swift_rss&utm_section=News
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| Public Remarks: Exclusivity. It’s one of the things that makes Aspen stand out from the rest, & in Aspen the Mother Lode stands out as uniquely singular. Offering a rare combination of attributes that are unmatched by any other residential offering, the Mother Lode is nothing if not exclusive. Highly prized for its one-of-a-kind location in the heart of downtown Aspen, up close views of Aspen Mountain, unforgettable roof top deck with bar & hot tub, unsurpassed commitment to craftsmanship, & luxurious finishes & furnishings. It’s these unique qualities that makes the Mother Lode “the location” in Aspen. Enjoy downtown Aspen “penthouse living” with warm & inviting living spaces & 9,000 sq ft of living plus common areas, garage, & tons of storage! | ||||||||||||||||||||||||||||||||||||||||||||||||
| Directions: Next to the Wheeler Opera House |
| Addendum: The Mother Lode includes two category 2 employee housing units plus additional single car garage. There are multiple Account Numbers and Parcel Numbers. Please speak to Listor regarding tax amounts. www.MotherLodeAspen.com | |
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The Edgerley’s downstairs neighbor is The Aspen Times, which moved into the ground-level office space in June.
“It’s difficult to sell commercial and residential together,” he said, noting that the two had been advertised together for up to $30 million at one time. The most recent listing price for the penthouse was $21.5 million.
Asking prices for high-end residential properties have been coming down lately, which has resulted in some high-figure sales.
A single-family home on Willougbhy Way fetched $14.5 million last week. The year’s highest-price transaction so far occurred on April 17 with the $19 million sale of a home in the Oklahoma Flats area.
Through Monday, there have been eight transactions over $10 million this year, according to Pitkin County records.
A LOOK AT WHAT HAS CLOSED WITHIN THE ASPEN CORE:
Statistical Market Analysis
| Status | # Listings | List Volume | Sold Volume | List Price | Sold Price | Sale/List Price | Total SqFt | List Price Per Total SqFt | Sold Price Per Total SqFt | Days On Market | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Closed | 108 | 267,639,200 | 243,923,275 | Low Avg High |
325,000 2,478,141 21,500,000 |
300,000 2,258,549 17,000,000 |
0.68 0.93 1.06 |
295 1,734 13,000 |
697.18 1,320.30 2,722.20 |
669.01 1,225.35 2,623.81 |
0 266 2,040 |
| Overall | 108 | 267,639,200 | 243,923,275 | Low Avg High |
325,000 2,478,141 21,500,000 |
300,000 2,258,549 17,000,000 |
0.68 0.93 1.06 |
295 1,734 13,000 |
697.18 1,320.30 2,722.20 |
669.01 1,225.35 2,623.81 |
0 266 2,040 |
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