NOT LISTED FOR SALE

38 Pitkin Way Aspen, CO 81611

Estimated Value: $8,253,000 - $18,956,466

7 Beds
6.5 Baths
6,289 Sq Ft
$2,163/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $15,375,000 $2,445 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $75,847/month

129 Days on Market

Highlights

  • Spa
  • River Front
  • Lake, Pond or Stream
  • Aspen Middle School Rated A-
  • 1 Acre Lot
  • 2 Fireplaces

About This Home

As of June 2023

Boasting a prestigious Pitkin Way address, this lower Red Mountain, authentic European mountain chalet boasts seven bedrooms. Sited on a flat acre with a tranquil pond, firepit, and easy access to The Rio Grand Trail, providing easy access to the Aspen Institute, the Music Tent, and downtown Aspen. The home is suitable as-is or provides an opportunity for the new owner to make it their own. South-facing views, proximity to downtown, and this coveted, rarely available location make this a unique buying opportunity for the most discerning Aspen buyer.

Last Agent to Sell the Property

Steven Shane

Compass Aspen Brokerage Phone: 970-925-6063 License #ER040002675 Listed on: 11/21/2022

Compass Aspen

Last Buyer's Agent

Riley Warwick

Douglas Elliman Real Estate-Durant License #FA100054819

Douglas Elliman Real Estate-Durant

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,599

Year Built

  • Built in 1968

Lot Details

  • 1 Acre Lot
  • River Front
  • Cul-De-Sac
  • South Facing Home
  • Southern Exposure
  • Fenced
  • Landscaped
  • Property is in excellent condition
  • Property is zoned R-30

HOA Fees

  • $445 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Composition Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 6,289 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Home Security System
  • Property Views

Kitchen

  • Oven
  • Stove
  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Lake, Pond or Stream
  • Patio

Location

  • Mineral Rights Excluded

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electricity Not Available
  • Water Rights

Community Details

  • Association fees include sewer, ground maintenance
  • Red Mountain Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273512100008

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,599

Year Built

Built in 1968

Lot Details

0

HOA Fees

$445 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Inclusions: Dryer, Freezer, Oven, Refrigerator, Washer, Stove Top, Range, Microwave, Dishwasher
  • Subdivision Name: Red Mountain
  • Directions: Turn left onto Pitkin Way. Take immediate left.
  • Architectural Style: Other
  • Master Model: No
  • New Construction: No
  • Year Built: 1968
  • Tax Parcel Letter: R003630
  • Attribution Contact: 970-925-6063
  • Location Info:Furnished: No
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: R-30
  • General Info:Main Floor Master: No
  • Laundry Facility:Laundry Room: Yes
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Gas:Natural Gas2: Yes
  • Listing Info:ADU: No
  • General Info:Levels: 3.0
  • Financing Info:Taxes2: 32599.4
  • Financing Info:Tax Year2: 2022
  • Extras:Hot TubSpa: Yes
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Listing Info:New Construction: No
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Inclusions:Range: Yes
  • Condition:Excellent: Yes
  • Substructure:Slab: Yes
  • Roof:Composition Shingles: Yes
  • Extras:Fence: Yes
  • Mineral Rights:No2: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • Exterior:Stucco: Yes
  • General Info:Unit Faces: South
  • Inclusions:Oven: Yes
  • Cooling:Central AC: Yes
  • Inclusions:Freezer: Yes
  • Inclusions:Stove Top: Yes
  • Cooling:AC: Yes
  • Water Rights:Yes3: Yes
  • Electric:No: Yes
  • Financing Info:HOA Dues YN: Yes
  • Financing Info Total HOA Fee Per Year2: 5338.0
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Fireplace Features: Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 6289.0
  • Style Other: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Cul-De-Sac, Landscaped
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Disclosures: Excluded Buyer
  • Construction Type: Stucco, Frame
  • Direction Faces: South
  • Foundation Details: Slab
  • Property Condition: Excellent
  • Roof: Composition
  • Construction:Frame: Yes

Garage/Parking

  • Keywords Info:Garage: 2 Car

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Cooling: A/C, Central Air
  • Cooling Y N: Yes
  • Heating: Hot Water, Natural Gas, Baseboard
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Electricity Not Available
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association Fee: 5338.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Financing Info:Association Fee2: 5338.0
  • Financing Info:Association Fee Frequency2: Annually
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Cul-de-Sac: Yes
  • Location Amenities:River Frontage: Yes
  • Location Amenities:Pond Stream Lake: Yes

Fee Information

  • Association Fee Includes: Sewer, Maintenance Grounds

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 273512100008
  • Zoning: R-30
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 32599.4
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2024
Sold by
3842 Aspen Llc
Bought by
38 Aspen Llc
Current Estimated Value
$13,604,733

Purchase Details

Listed on
Nov 21, 2022
Closed on
Jun 5, 2023
Sold by
Pitkin Way Enterprises Llc
Bought by
3842 Aspen Llc
Seller's Agent
Steven Shane
Compass Aspen
Buyer's Agent
Riley Warwick
Douglas Elliman Real Estate-Durant
List Price
$24,000,000
Sold Price
$15,375,000
Premium/Discount to List
-$8,625,000
-35.94%
Views
264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.76%

Purchase Details

Listed on
Nov 21, 2022
Closed on
Jun 3, 2023
Sold by
Pitkin Way Enterprises Llc
Bought by
3842 Aspen Llc
Seller's Agent
Steven Shane
Compass Aspen
Buyer's Agent
Riley Warwick
Douglas Elliman Real Estate-Durant
List Price
$24,000,000
Sold Price
$15,375,000
Premium/Discount to List
-$8,625,000
-35.94%
Views
264

Purchase Details

Closed on
Oct 18, 2011
Sold by
Stone Helen E
Bought by
Pitkin Way Enterprises Llc

Purchase Details

Closed on
Jan 26, 2001
Sold by
Stone Helen E
Bought by
Stone Helen E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
38 Aspen Llc -- None Listed On Document
3842 Aspen Llc -- None Listed On Document
3842 Aspen Llc $15,375,000 Land Title
3842 Aspen Llc -- None Listed On Document
3842 Aspen Llc -- None Listed On Document
3842 Aspen Llc -- None Listed On Document
3842 Aspen Llc -- None Listed On Document
Pitkin Way Enterprises Llc $10,000,000 St
Pitkin Way Enterprises Llc -- St
Pitkin Way Enterprises Llc -- St
Pitkin Way Enterprises Llc -- St
Pitkin Way Enterprises Llc -- St
Pitkin Way Enterprises Llc -- St
Stone Helen E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2023 06/05/23 Sold $15,375,000 -35.9% $2,445 / Sq Ft
11/21/2022 11/21/22 For Sale $24,000,000 -- $3,816 / Sq Ft
Source: Aspen Glenwood MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $46,066 $1,600,180 $1,203,230 $396,950
2023 $46,066 $1,618,410 $1,216,940 $401,470
2022 $32,599 $1,028,600 $785,350 $243,250
2021 $32,515 $1,058,200 $807,950 $250,250
2020 $32,988 $1,071,000 $786,500 $284,500
2019 $32,988 $1,071,000 $786,500 $284,500
2018 $28,997 $1,078,490 $792,000 $286,490
2017 $25,193 $941,820 $734,400 $207,420
2016 $24,297 $890,490 $772,120 $118,370
2015 $24,146 $890,490 $772,120 $118,370
2014 $24,568 $884,730 $756,200 $128,530
Source: Public Records

Agents Affiliated with this Home

  • Steven Shane

    Seller's Agent in 2023

    Steven Shane

    Compass Aspen

    (970) 925-6063

    81 in this area

    127 Total Sales

    Steven Shane
    Section Image
  • Riley Warwick

    Buyer's Agent in 2023

    Riley Warwick

    Douglas Elliman Real Estate-Durant

    (970) 225-2224

    40 in this area

    54 Total Sales

    Riley Warwick
    Section Image
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Map

Source: Aspen Glenwood MLS

MLS Number: 177508

Aspen Glenwood MLS

APN: R003630

Colorado Pitkin County Aspen 81611

38 Pitkin Way, Aspen, CO

Not Listed for Sale

Detached

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