NOT LISTED FOR SALE

42 Pitkin Way Aspen, CO 81611

Estimated Value: $28,459,337

0.84 Acre
$33,880,163 Price per Acre
36,590 Sq Ft Lot

Last Sold June 06, 2024

Last sale price $28,795,000

Est. 1% decrease in value since last sale

Current estimated payment $154,101/month

192 Days on Market

Highlights

  • River Front
  • 0.84 Acre Lot
  • Views
  • Aspen Middle School Rated A-
  • Green Building

About This Lot

As of June 2024

The ultimate development opportunity in the best location in Aspen. Within the prestigious Pitkin Reserve on the river side of Willoughby Way, this pristine, flat building site has incredible development rights you won't find anywhere else this close to Aspen. Build approximately 13,000 square feet with breathtaking south-facing river and mountain views, direct access to the Rio Grande Trail, exceptional privacy, all-day sunshine, and zero Willoughby road traffic impact. Walk or bike to town in minutes. This lot is permit ready; No need for risky demolition allotments or TDRs - development rights are stipulated as part of the Pitkin Reserve approvals.

Schematic drawings are underway and available for review - get involved early and create exactly what you want.

Last Agent to Sell the Property

Bill Guth

Aspen International Properties Brokerage Phone: (970) 948-5566 License #ER100031715 Listed on: 10/04/2023

Last Buyer's Agent

Colter Smith

Christie's International Real Estate Aspen Snowmass License #FA100032005

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $98,346

Lot Details

  • 0.84 Acre Lot
  • River Front
  • Property is zoned Residential City R30

HOA Fees

  • $515 Monthly HOA Fees

Utilities

  • Gas Available
  • Water Rights Not Included

Additional Features

  • Green Building
  • Accessory Dwelling Unit (ADU)
  • Mineral Rights Excluded
  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 273501407006

Community Details

Overview

  • Association fees include road maintenance, snow removal, ground maintenance
  • On-Site Maintenance

Recreation

  • Snow Removal

Property Details

Property Type

Land

Est. Annual Taxes

$98,346

Lot Details

0

HOA Fees

$515 per month

Listing Details

  • Property Sub Type: Single Family Lot
  • Prop. Type: RES Vacant Land
  • Lot Size Acres: 0.84
  • Subdivision Name: None
  • Directions: Red Mountain Road to Willoughby Way, left into Pitkin Reserve. Immediate left after entering Pitkin Reserve.
  • New Construction: No
  • Tax Parcel Letter: R010636
  • Attribution Contact: (970) 948-5566
  • General Info:Zoning2: Residential City R30
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Listing Info:Auction: No
  • Listing Info:Foreclosure: No
  • Financing Info:Taxes2: 98345.8
  • Financing Info:Tax Year2: 2022
  • Listing Info:New Construction: No
  • Sanitation:Sewer: Yes
  • Electric:Yes: Public
  • Mineral Rights:No2: Yes
  • Water Rights:None6: Yes
  • General Info:ADU Allowed: Yes
  • Gas:Available2: Yes
  • HOA Fee Includes:Grounds Maintenance2: Yes
  • HOA Fee Includes:Snow Removal2: Yes
  • Lot Description:River Frontage2: Yes
  • Financing Info:HOA Dues YN: Yes
  • Financing Info Total HOA Fee Per Year2: 6174.0
  • Special Features: None

Exterior Features

  • Disclosures: Reports Available, Slr Licensed RE Agnt

Utilities

  • Building Features: Yes
  • Electric: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 6174.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Financing Info:Association Fee2: 6174.0
  • Financing Info:Association Fee Frequency2: Annually

Fee Information

  • Association Fee Includes: Road Maintenance, Snow Removal, Maintenance Grounds

Lot Info

  • Lot Size Sq Ft: 36481.0
  • Parcel #: 273501407006
  • Zoning: Residential City R30
  • ResoLotSizeUnits: Acres
  • Lot Description View: Yes

Tax Info

  • Tax Annual Amount: 98345.8
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Jun 7, 2024
Sold by
3842 Aspen Llc
Bought by
38 Aspen Llc
Seller's Agent
Bill Guth
Aspen International Properties
Buyer's Agent
Colter Smith
Christie's International Real Estate Aspen Snowmass
List Price
$28,995,000
Sold Price
$28,795,000
Premium/Discount to List
-$200,000
-0.69%
Views
89
Current Estimated Value
$28,459,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$335,663
Avg. Annual Appreciation
-36.34%
Original Mortgage
$15,873,789
Outstanding Balance
$12,890,184
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving
Estimated Equity
$3,118,529

Purchase Details

Listed on
Oct 4, 2023
Closed on
Jun 6, 2024
Sold by
3842 Aspen Llc
Bought by
Forest Creek Llc
Seller's Agent
Bill Guth
Aspen International Properties
Buyer's Agent
Colter Smith
Christie's International Real Estate Aspen Snowmass
List Price
$28,995,000
Sold Price
$28,795,000
Premium/Discount to List
-$200,000
-0.69%
Views
89

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,873,789
Outstanding Balance
$12,890,184
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving
Estimated Equity
$3,118,529

Purchase Details

Listed on
Nov 21, 2022
Closed on
Jun 5, 2023
Sold by
Aspen Endeavors 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
$25,000,000
Sold Price
$15,375,000
Premium/Discount to List
-$9,625,000
-38.5%
Views
167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.12%

Purchase Details

Listed on
Nov 21, 2022
Closed on
Jun 3, 2023
Sold by
Aspen Endeavors 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
$25,000,000
Sold Price
$15,375,000
Premium/Discount to List
-$9,625,000
-38.5%
Views
167

Purchase Details

Closed on
May 5, 2009
Sold by
Prl Properties Llc
Bought by
Aspen Endeavors Llc

Purchase Details

Closed on
Sep 12, 2005
Sold by
Garrett Gulch Equity Venture Llc
Bought by
Prl Properties Llc
Source: Public Records

Range of Values:

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Average Value
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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
Forest Creek Llc $28,795,000 Aspen Title & Escrow
3842 Aspen Llc $15,375,000 Land Title
3842 Aspen Llc -- None Listed On Document
Aspen Endeavors Llc $11,530,000 St
Prl Properties Llc $7,200,000 Land Title Guarantee Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forest Creek Llc $15,873,789
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2024 06/06/24 Sold $28,795,000 -0.7% --
10/04/2023 10/04/23 For Sale $28,995,000 +88.6% --
06/05/2023 06/05/23 Sold $15,375,000 -38.5% --
03/31/2023 03/31/23 Pending -- -- --
11/21/2022 11/21/22 For Sale $25,000,000 -- --
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 $39,526 $1,202,320 $1,202,320 $0
2023 $39,526 $5,022,000 $5,022,000 $0
2022 $98,346 $2,682,500 $2,682,500 $0
2021 $95,183 $2,682,500 $2,682,500 $0
2020 $113,969 $3,190,000 $3,190,000 $0
2019 $113,969 $3,190,000 $3,190,000 $0
2018 $106,627 $3,190,000 $3,190,000 $0
2017 $94,082 $2,958,000 $2,958,000 $0
2016 $91,347 $2,813,000 $2,813,000 $0
2015 $90,168 $2,813,000 $2,813,000 $0
2014 $92,408 $2,755,000 $2,755,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Guth

    Seller's Agent in 2024

    Bill Guth

    Aspen International Properties

    (970) 925-7528

    9 in this area

    10 Total Sales

    Bill Guth
    Section Image

  • C

    Buyer's Agent in 2024

    Colter Smith

    Christie's International Real Estate Aspen Snowmass

    (970) 544-5800

    9 in this area

    40 Total Sales

    Colter Smith
    Section Image
  • Steven Shane

    Seller's Agent in 2023

    Steven Shane

    Compass Aspen

    (970) 925-6063

    84 in this area

    133 Total Sales

    Steven Shane
    Section Image
  • Riley Warwick

    Buyer's Agent in 2023

    Riley Warwick

    Douglas Elliman Real Estate-Durant

    (970) 225-2224

    39 in this area

    53 Total Sales

    Riley Warwick
    Section Image
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Map

Source: Aspen Glenwood MLS

MLS Number: 181270

Aspen Glenwood MLS

APN: R010636

Colorado Pitkin County Aspen 81611

42 Pitkin Way, Aspen, CO

This home is located at 42 Pitkin Way, Aspen, CO 81611 since 04 October 2023 and is currently estimated at $28,459,337. 42 Pitkin Way is a home located in Pitkin County with nearby schools including Aspen Elementary School, Aspen Middle School, and Aspen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Aspen Glenwood MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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