$12,250,000
SOLD OCT 8, 2015

89 Pitkin Way Aspen, CO 81611

3 Beds
3.5 Baths
4,961 Sq Ft
0.68 Acres

Recently Sold

$2,469 Per Sq Ft

2% Above List Price

21 Days on Market

Highlights

  • Spa
  • 0.68 Acre Lot
  • Hydromassage or Jetted Bathtub
  • Aspen Middle School Rated A-
  • Contemporary Architecture
  • 4 Fireplaces

About This Home

As of September 2021

Enjoy end of the road privacy on Pitkin Way, one of Red Mountain’s most exclusive and coveted locations. This timeless contemporary stone home with expansive windows and high ceilings provides breathtaking views of Aspen Mountain. The flat, three quarter acre lot is surrounded by mature landscaping in a peaceful setting that is only minutes to downtown Aspen. Very few lots on Red Mountain offer walking distance to downtown Aspen and you can access the Rio Grande Trail and the Roaring Fork River from the edge of the property. Ride your bike or walk to the Music Tent in minutes. The home’s open living spaces offer the perfect backdrop for entertaining and displaying a significant art collection. The new floor to ceiling windows provide a seamless connection to the outdoor patios and deckThe second level of this home features a private and spacious master suite with a south facing deck. Two more ensuite bedrooms with walkouts to beautiful patios complete the package of this unique home. The second level of this home features a private and spacious master suite with a south facing deck. Two more ensuite bedrooms with walkouts to beautiful patios complete the package of this unique home.

Last Agent to Sell the Property

Joshua Saslove

Douglas Elliman Real Estate-Durant Brokerage Phone: (970) 925-8810 License #ER.224491 Listed on: 08/26/2015

Douglas Elliman Real Estate-Durant

Co-Listed By

Amy Doherty

Douglas Elliman Real Estate-Hyman Ave Brokerage Phone: (970) 925-8810

Last Buyer's Agent

Tim Estin MBA

Aspen Snowmass Sotheby's International Realty - Hyman Mall License #EA.40043228

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,268

Year Built

  • Built in 1987

Lot Details

  • 0.68 Acre Lot
  • Cul-De-Sac
  • South Facing Home
  • Southern Exposure
  • Gentle Sloping Lot
  • Sprinkler System
  • Landscaped with Trees
  • Property is in good condition
  • Property is zoned R-30

Parking

  • 3 Car Garage

Home Design

  • Contemporary Architecture
  • Brick or Stone Mason
  • Slab Foundation
  • Frame Construction
  • Tar and Gravel Roof
  • Composition Roof
  • Composition Shingle Roof
  • Stone Siding

Interior Spaces

  • 4,961 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • 4 Fireplaces
  • Gas Fireplace
  • Home Security System
  • Property Views

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Patio

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • Association fees include sewer
  • Pitkin Green Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 273501402009

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,268

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.68
  • Co List Office Mls Id: DougEll-Hyman
  • Co List Office Phone: 970-925-8810
  • Inclusions: Dryer, Freezer, Refrigerator, Washer, Range, Microwave, Dishwasher
  • Subdivision Name: Pitkin Green
  • Directions: Red Mountain Road to left on Willoughby Way. Pitkin Way is on the left, follow to the end of the road for #89.
  • Above Grade Finished Sq Ft: 4961.0
  • Architectural Style: Two Story, Contemporary
  • Garage Yn: Yes
  • Master Model: No
  • New Construction: No
  • Year Built: 1987
  • Tax Parcel Letter: R003151
  • Attribution Contact: (970) 925-8810
  • Location Info:Furnished: Partial
  • Keywords Info:Pre-Fabricated Home: No
  • General Info:Zoning2: R-30
  • Listing Info:Short Sale: No
  • Listing Info:REO: No
  • Gas:Natural Gas2: Yes
  • General Info:Levels: 2.0
  • Financing Info:Taxes2: 19267.7
  • Financing Info:Tax Year2: 2014
  • Extras:Landscaping: Yes
  • Extras:PatioDeck: Yes
  • Extras:Security System: Yes
  • Sanitation:Sewer: Yes
  • Inclusions:Dishwasher: Yes
  • Inclusions:Microwave: Yes
  • Exterior:Stone Siding: Yes
  • Inclusions:Range: Yes
  • Substructure:Slab: Yes
  • Extras:Lawn Sprinklers: Yes
  • Miscellaneous:Under Construction3: No
  • Condition:Good: Yes
  • Roof:Composition Shingles: Yes
  • Inclusions:Dryer: Yes
  • Inclusions:Washer: Yes
  • General Info:LvHtSqFt (Abv Grnd): 4961.0
  • Unit Faces:South: Yes
  • Style:Two Story: Yes
  • Water:Community: Yes
  • Cooling:Central AC: Yes
  • Inclusions:Freezer: Yes
  • Extras:Outdoor Hot TubSpa: Yes
  • Extras:Indoor Jetted Tub: Yes
  • Roof:Tar Gravel: Yes
  • Financing Info:HOA Dues YN: Yes
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 4
  • Fireplace: Yes
  • Living Area: 4961.0
  • Fireplace:Gas: Yes

Exterior Features

  • Lot Features: Cul-De-Sac, Landscaped
  • Construction Type: Stone Veneer, Stone, Frame
  • Foundation Details: Slab
  • Property Condition: Good
  • Roof: Tar/Gravel, Composition
  • Construction:Frame: Yes
  • Construction:Stone: Yes

Garage/Parking

  • Keywords Info:Garage: 3 Car
  • General Info:Garage SqFt: 552.0

Utilities

  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: Community
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Listing Info:Member Association: Aspen Association
  • Location Amenities:Views: Yes
  • Location Amenities:Gentle Topo: Yes
  • Location Amenities:Exposure Southern: Yes
  • Location Amenities:Trees: Yes
  • Location Amenities:Cul-de-Sac: Yes
  • Location Amenities:Borders Public Land: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Lot Size Sq Ft: 29578.0
  • Parcel #: 273501402009
  • Zoning: R-30
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 19267.7
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2022
Sold by
Mathers Nicholas
Bought by
Mathers Irrevocable Trust
Current Estimated Value
$7,984,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000,000
Outstanding Balance
$11,560,029
Interest Rate
6.02%
Mortgage Type
Seller Take Back
Estimated Equity
-$3,575,090

Purchase Details

Listed on
Sep 20, 2021
Closed on
Sep 17, 2021
Sold by
Roadsend Llc
Bought by
Mathers Nicholas
Seller's Agent
Riley Warwick
Douglas Elliman Real Estate-Durant
Buyer's Agent
Riley Warwick
Douglas Elliman Real Estate-Durant
List Price
$12,500,000
Sold Price
$12,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.55%
Original Mortgage
$8,125,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 26, 2015
Closed on
Oct 7, 2015
Sold by
Blitt Chela
Bought by
Roadsend Llc
Seller's Agent
Joshua Saslove
Douglas Elliman Real Estate-Durant
Buyer's Agent
Tim Estin MBA
Aspen Snowmass Sotheby's International Realty - Hyman Mall
List Price
$12,000,000
Sold Price
$12,250,000
Premium/Discount to List
$250,000
2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.34%

Purchase Details

Closed on
Mar 8, 2015
Sold by
Blitt Irwin
Bought by
Blitt Chela
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 Type Sale Price Title Company
Special Warranty Deed $12,500,000 --
Special Warranty Deed $12,500,000 Title Company Of The Rockies
Warranty Deed $12,250,000 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $12,000,000 Seller Take Back
Previous Owner $8,125,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2021 09/20/21 For Sale $12,500,000 0.0% $2,520 / Sq Ft
09/17/2021 09/17/21 Sold $12,500,000 +2.0% $2,520 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
10/08/2015 10/08/15 Sold $12,250,000 +2.1% $2,469 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
08/26/2015 08/26/15 For Sale $12,000,000 -- $2,419 / 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 $44,254 $1,538,530 $1,203,120 $335,410
2023 $44,254 $1,556,160 $1,216,910 $339,250
2022 $33,142 $1,046,870 $785,350 $261,520
2021 $33,055 $1,077,000 $807,950 $269,050
2020 $32,219 $1,047,260 $786,500 $260,760
2019 $32,219 $1,047,260 $786,500 $260,760
2018 $28,550 $1,054,580 $792,000 $262,580
2017 $24,800 $928,490 $734,400 $194,090
2016 $19,953 $732,340 $617,700 $114,640
2015 $19,013 $702,200 $617,700 $84,500
2014 $19,268 $694,960 $604,960 $90,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Aspen Glenwood MLS

MLS Number: 140778

Aspen Glenwood MLS

APN: R003151