Seller's Agent in 2024
Bill Guth
Aspen International Properties
(970) 925-7528
11 in this area
12 Total Sales
0.83
Acre
$18,524,096
Price per Acre
36,155
Sq Ft Lot
Highlights
- 0.83 Acre Lot
- Wooded Lot
- Level Lot
- Aspen Middle School Rated A-
- Views
About This Lot
As of June 2024If you subscribe to the time-tested real estate adage ''location, location, location,'' then this almost one-acre lot in Pitkin Reserve is what you are looking for. Located on lower Red Mountain, this pristine, flat building site provides dramatic views of Aspen Mountain, The Highlands, and Buttermilk. Your property is adjacent to The Rio Grand Trail, providing easy access to the Aspen Institute, the Music Tent, and downtown Aspen. This a perfect opportunity to design and build your multi-generational legacy property in one of Aspen's most coveted and prestigious neighborhoods.
Last Agent to Sell the Property
Compass Aspen Brokerage Phone: 970-925-6063 License #ER040002675 Listed on: 11/21/2022
Property Details
Property Type
- Land
Est. Annual Taxes
- $98,346
Lot Details
- 0.83 Acre Lot
- Level Lot
- Wooded Lot
- Property is zoned Residential City R30
HOA Fees
- $445 Monthly HOA Fees
Additional Features
- Mineral Rights Excluded
- Water Rights Not Included
- Property Views
Community Details
- Red Mountain Subdivision
Listing and Financial Details
- Assessor Parcel Number 273501407006
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,786,287
Avg. Annual Appreciation
-39.72%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 Compared to Growth
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
-
-
C
Buyer's Agent in 2024
Colter Smith
Christie's International Real Estate Aspen Snowmass
(970) 544-5800
9 in this area
39 Total Sales
-
Seller's Agent in 2023
Steven Shane
Compass Aspen
(970) 925-6063
87 in this area
136 Total Sales
-
Buyer's Agent in 2023
Riley Warwick
Douglas Elliman Real Estate-Durant
(970) 225-2224
39 in this area
52 Total Sales
Map
Source: Aspen Glenwood MLS
MLS Number: 177506
APN: R010636
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