42 PITKIN Way, Aspen, CO 81611

$28,795,000
Property Type: RES Vacant Land Lot Size (sq. ft.): 36,481 Status: Closed
Current Price: $28,795,000 List Date: 10/04/2023 Last Modified: 9/04/2024

Overview

Description

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.

Listing Details MLS# 181270

Location Info

Type
Single Family Lot
Sub-Type
N/A
Major Area
Aspen
Area
01-Red Mountain
Original List Price
28995000
Asking Price
28995000
Street #
42
Street Name
PITKIN
Street Suffix
Way
City/Town
Aspen
State/Province
CO
Postal Code
81611

Keywords Info

Acreage
Refer to Lot Size

Listing Info

New Construction
No
Seller/Owner is Licensed
Yes
Short Sale
No
REO
No
Foreclosure
No
Auction
No
Member Association
Aspen Association

General Info

List Price Per/Acre
34517857
Sold Price Per/Acre
34279761
Sub/Loc
None
Legal
SUBDIVISION: PITKIN RESERVE LOT: 6 PLUS 1/6 INTEREST IN LOT 7 LESS 207 SQFT PER REC 583702-03
Lot SqFt
36481
Nbr of Acres
0.84
County
Pitkin
Zoning
Residential City R30
ADU Allowed
Yes
FAR
Yes
Sold Price Per/SF
789.31
Allowable FAR
6724
Orig List Price Per/SF
794.8
Parcel #
273501407006
Directions
Red Mountain Road to Willoughby Way, left into Pitkin Reserve. Immediate left after entering Pitkin Reserve.
Asking Price Per/SF
794.8

Financing Info

Metro Tax District
No
Taxes
98345.8
Tax Year
2022
Transfer Tax
Yes
HOA Dues Y/N
Yes
Association Fee
6174
Association Fee Frequency
Annually
Total HOA Fee Per Year
6174

Status Change Info

Under Contract Date
2024-04-14
Proposed Close Date
2024-06-06
Sold Date
2024-06-06
How Sold
Cash

More Information

Remarks

Public Remarks
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.

Electric

Yes
Public

Possible Use

Single Family
Yes

Lot Description

River Frontage
Yes
View
Yes

Access

Paved
Yes

Gas

Available
Yes

Water

Public
Yes

Sanitation

Sewer
Yes

Water Rights

None
Yes

Mineral Rights

No
Yes

Crops

No
Yes

Documents on File

CC & Rs
Yes
Survey
Yes

HOA Fee Includes

Grounds Maintenance
Yes
Road Maintenance
Yes
Snow Removal
Yes

Disclosures

Reports Available
Yes
Slr Licensed RE Agnt
Yes

Terms Offered

Cash
Yes
New Loan
Yes

Possession

DOD
Yes

Showing Instructions

Call Listing Office
Yes
Short Notice
Yes

Sign

Yes
Yes

Property Features

Possible Use: Single Family Lot Description: River Frontage; View Gas: Available Water: Public Sanitation: Sewer Mineral Rights: No Water Rights: None Crops: No HOA Fee Includes: Grounds Maintenance; Road Maintenance; Snow Removal Documents on File: CC & Rs; Survey Disclosures: Reports Available; Slr Licensed RE Agnt Terms Offered: Cash; New Loan Possession: DOD Showing Instructions: Call Listing Office; Short Notice Access: Paved Sign: Yes

Documents

IDX
Listing Office: Aspen International Properties
Source MLS Verified
Last Updated: September - 04 - 2024
Broker Attribution: (970) 948-5566

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