$28,795,000
SOLD JUN 6, 2024
0.84 Acre
$34,279,762 Price per Acre
36,590 Sq Ft Lot

Recently Sold

1% Below List Price

192 Days on Market

Highlights

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

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

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%
Total Days on Market
192
Views
89
Current Estimated Value
$15,388,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,406,060
Avg. Annual Appreciation
-48.70%
Original Mortgage
$15,873,789
Outstanding Balance
$14,295,409
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,285,498

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
$14,295,409
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,285,498

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

Map

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Special Warranty Deed $28,795,000 Aspen Title & Escrow
Special Warranty Deed $15,375,000 Land Title
Bargain Sale Deed -- None Listed On Document
Warranty Deed $11,530,000 St
Warranty Deed $7,200,000 Land Title Guarantee Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $15,873,789 Credit Line Revolving
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

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

Source: Aspen Glenwood MLS

MLS Number: 181270

Aspen Glenwood MLS

APN: R010636