Aspen Real Estate Market  Last Week’s Sales: Feb 2 – 9, 2020 – Week 6

Closed (9) + Under Contract / Pending (14). [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.]

The new Estin Report: Aspen Snowmass Real Estate Market 2020 ws  is available in the reports section today. The print version will be distributed in Aspen racks, at Sothebys at 415 E Hyman on the mall and Sothebys at 300 S. Spring St opposite the Art Museum and at the ASE airport after Feb 21st.

   

Quarterly and Annual Charts just posted: Estin Report Q1 2008 – Q4 2019: Aspen & Snowmass Historic Real Estate Market Performance Charts by Property Types and Dollar & Unit Sales  These charts are broken down by each market, Aspen and Snowmass, and by property types: single family homes, condos and vacant land and compare  sales  to prior years starting at 2008.  They answer the question “Where are we now compared to prior periods?” and indicate market direction with trend lines.

   
          Aspen & Snowmass Village Historic Real Estate Sales Chart Series

Blog Post: Feb 2 – 9, 2020 Aspen CO real estate market activity, Week 6

Weekly Aspen and Snowmass CO real estate sales activity appears below for sold and under contracts properties in the upper Roaring Fork Valley over $250,000 – for Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass. Fractional sales are not included. Photos and written descriptions of sold properties are posted here as the MLS links below expire after 30 days. For earlier dates, see the Estin Report blog archives starting in 2008 at the bottom of the page. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it’s about Aspen real estate, the information should be here.

Closed (9):  MLS#s: 152782, 160242, 160634, 161623, 162353, 162448, 162532, 163024, 163029.  This link is valid until 3/10/2020.

Under Contract/Pending (14): MLS#s: 161028, 146390, 152568, 156697, 156829, 157057, 158923, 160353, 160485, 162085, 162496, 162499, 162622, 162903.  This link is valid until 3/10/2020.

Sold Properties Last Week:

MLS #163029 – Central Core, 1011 Ute Avenue, Aspen, CO: Sold Price: $27,695,635/$1,655 sq ft; furnished. Sold Date: 01/08/2020. More details below photos.

MLS #163029 – Central Core, 1011 Ute Avenue, Aspen, CO: Sold Price: $27,695,635/$1,655 sq ft; furnished. Sold Date: 01/08/2020. Aspen homes for sale. Ask Price: $34,000,000. (Original Price: $34,000,000 and 412 days on the market since 01/23/2018.) This is a 2011 built, 7 bedroom/7 bath/4 half-bath, 16,726 sq ft single family home with 4+ car garage on a 28,286 sq ft lot. Broker comments are “This was a private sale entered to the MLS only for statistical purposes as directed by Seller. Incredible ski-in home walking distance to downtown Aspen. Perfect for entertaining with a media room, bowling alley that doubles as a target range, recreation room, bar, indoor pool and spa and tennis courts that serve as an ice staking rink in the summer. This masterpiece residence was built with great attention to detail including home automation, 2 elevators, 2-bedroom guest apartment and car enthusiasts will love the 5-car garage with turnstyle. This location and quality cannot be duplicated.” 2019 taxes: $81,794. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/24/2019; Sold Date: 01/08/2020. (Photos and broker comments courtesy of Slifer Smith & Frampton Real Estate, Compass Aspen & Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #162532 – West Aspen, 735 Castle Creek Drive 1, Aspen, CO: Sold Price: $4,850,000/$1,560 sq ft; unfurnished. Sold Date: 02/07/2020. More details below photos.

MLS #162532 – West Aspen, 735 Castle Creek Drive 1, Aspen, CO: Sold Price: $4,850,000/$1,560 sq ft; unfurnished. Sold Date: 02/07/2020. Aspen duplex/half-duplex for sale. Ask Price: $4,925,000. (Original Price: $4,925,000 and 68 days on the market since 12/01/2019.) This is a 1979 built and 2019 remodeled, 5 bedroom/5 bath, 3,107 sq ft duplex/half-duplex with 2 car garage. Broker comments are “Newly remodeled to perfection, this five-bedroom half-duplex is set on a quiet street in the West Aspen neighborhood. This modern farmhouse inspired residence lives like a single family home with open living spaces, fantastic light, two-car garage, as well as front and back yards with mature trees. This extensive interior and exterior remodel features a contemporary design with custom finishes, high-end appliances, and thoughtful details built with the owner’s living in mind. The main level boasts an elegant kitchen, a living area with vaulted ceilings and white oak hardwood floors, a master bedroom with designer lighting, a second bedroom, and custom mudroom with a sueded granite countertop and private lockers for five.” 2018 taxes: $7,054. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/27/2019; Sold Date: 02/07/2020. (Photos and broker comments courtesy of Compass Aspen)

MLS #163024 – Aspen Airport Business Center, West Aspen, 105 AABC, Aspen, CO: Sold Price: $10,825,000 sq ft. Sold Date: 02/04/2020. More details below photo.

MLS #163024 – Aspen Airport Business Center, West Aspen, 105 AABC, Aspen, CO: Sold Price: $10,825,000 sq ft. Sold Date: 02/04/2020. Aspen commercial industrias for sale. Ask Price: $11,000,000. (Original Price: $11,000,000 and 134 days on the market since 09/23/2019.) Tim’s notes: This is the site of Aspen Mini Storage purchased by the City of Aspen with plans to combine this space with their adjacent Aspen Lumber Yard purchase in approx. 2012. This is a 1988 built, 1-5 units, 26,018 sq ft commercial industria on a 129,809 sq ft lot. Broker comments are “One-of-a-kind private office building in the heart of downtown Aspen. Refurbished mining cabin located two blocks from the gondola. Tons of character, equipped with shower and kitchenette.” 2019 taxes: $69,751. Under Contract Date: 09/23/2019; Sold Date: 02/04/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #162353 – North Nell Commercial Space at Aspen Gondola Plaza, Central Core, Central Core, 555 E Durant Avenue Units C1A-E, Aspen, CO: Sold Price: $9,500,000 sq ft. Sold Date: 02/06/2020. More details below photos.

MLS #162353 – North Nell Commercial Space at Aspen Gondola Plaza, Central Core, Central Core, 555 E Durant Avenue Units C1A-E, Aspen, CO: Sold Price: $9,500,000 sq ft. Sold Date: 02/06/2020. Aspen commercial industrias for sale. Ask Price: $10,495,000. (Original Price: $10,495,000 and 59 days on the market since 12/09/2019.) This is a 1968 built, 1-5 units, 3,217 sq ft commercial industria. Broker comments are “Absolute prime Aspen retail location in the North of Nell building at the base of the Gondola steps! Currently leased to Gorsuch Ski Café. Three underground parking spaces included. Note the area behind the ski boot fitting bench is owned separately and is not a part of the space listed for sale. Please inquire directly with broker regarding current lease and to arrange any showings.” 2018 taxes: $58,061; HOA Dues: $27,998 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/02/2020; Sold Date: 02/06/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #162448 – North Nell Commercial Space at Aspen Gondola Plaza, Central Core, Central Core, 555 E Durant Avenue Unit C2-E, Aspen, CO: Sold Price: $3,200,000 sq ft. Sold Date: 02/06/2020. More details below photos.

MLS #162448 – North Nell Commercial Space at Aspen Gondola Plaza, Central Core, 555 E Durant Avenue Unit C2-E, Aspen, CO: Sold Price: $3,200,000 sq ft. Sold Date: 02/06/2020. Aspen commercial industrias for sale. Ask Price: $3,795,000. (Original Price: $3,795,000 and 52 days on the market since 12/16/2019.) This is a 1968 built, 1-5 units, 1,332 sq ft commercial industria. Broker comments are “Incredible retail location at the base of Aspen Mountain and adjacent to The Residences at Little Nell. Currently occupied by Gorsuch with a high-end ski locker setup. One underground parking space included. Please inquire directly with broker regarding current lease and to arrange any showings.” 2018 taxes: $25,242; HOA Dues: $13,885 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/02/2020; Sold Date: 02/06/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #160634 – Ridge, 800 Ridge Road 14, Snowmass Village, CO: Sold Price: $1,490,000/$933 sq ft. Sold Date: 02/03/2020. More details below photos.

MLS #160634 – Ridge, 800 Ridge Road 14, Snowmass Village, CO: Sold Price: $1,490,000/$933 sq ft. Sold Date: 02/03/2020. Snowmass Village Townhomes for sale. Ask Price: $1,595,000. (Original Price: $1,595,000 and 199 days on the market since 07/19/2019.) This is a 1982 built and 2007 remodeled, 3 bedroom/2 bath, 1,596 sq ft townhome. Broker comments are “This is the one we have been waiting for. Ridge 14 is a top floor corner unit that offers a warm and light spacious feel with vaulted ceilings, extra sky lights, and amazing mountain views. This 3 bedroom 2 bathroom condo, plus office / den, is tastefully done with handsome mountain decor, custom mill work finishes, and Hallmark cabinetry. There is space for the entire family to relax and enjoy the location, convenience and privacy that comes with owning at the Ridge. Take advantage of the private pool and spa, ski access, or nearby shuttle, which is just a moment away from everything Base Village has to offer. Reserved covered parking, attentive on-site staff, and beautifully manicured grounds and gardens make this a very special find.” 2018 taxes: $4,503; HOA Dues: $12,935. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/08/2019; Sold Date: 02/03/2020. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)

MLS #161623 – Ridge, 229 Faraway Road 31, Snowmass Village, CO: Sold Price: $1,100,000/$509 sq ft. Sold Date: 02/04/2020. More details below photos.

MLS #161623 – Ridge, 229 Faraway Road 31, Snowmass Village, CO: Sold Price: $1,100,000/$509 sq ft. Sold Date: 02/04/2020. Snowmass Village condos for sale. Ask Price: $1,200,000. (Original Price: $1,200,000 and 120 days on the market since 10/07/2019.) This is a 1985 built, 3 bedroom/3 bath, 2,159 sq ft condo. Broker comments are “More photos coming soon. The Ridge has been a very hot neighborhood this summer and fall. Ridge #31 offers a buyer the opportunity to purchase a large corner unit condo at an incredible price point that will allow for an amazing remodel. Or, it could be perfect as is for a family that wants the Aspen school district. Either way, have a look. There is a lot of value being offered at this price.” 2018 taxes: $5,023; HOA Dues: $17,447. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/13/2019; Sold Date: 02/04/2020. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)

MLS #152782 – Aspenwood Condos, 600 Carriage Way J-17, Snowmass Village, CO: Sold Price: $600,000/$466 sq ft; furnished. Sold Date: 01/31/2020. More details below photos.

MLS #152782 – Aspenwood, 600 Carriage Way J-17, Snowmass Village, CO: Sold Price: $600,000/$466 sq ft; furnished. Sold Date: 01/31/2020. Snowmass Village condos for sale. Ask Price: $629,000. (Original Price: $689,000 and 1,369 days on the market since 12/03/2015.) This is a 1967 built and 2005 remodeled, 2 bedroom/2 bath, 1,285 sq ft condo. Broker comments are “Complete custom floorplan at the Aspenwood. Two full bedrooms plus a bedroom loft. Spacious living room and kitchen with huge windows that let in lots of sunlight. Views of the Rim Trail and towards the West. A very convenient location steps from skiing, the Westin and the Snowmass Mall. Long or short term rentals allowed. Tenants have moved out. New paint. Shows well.” 2019 taxes: $2,168; HOA Dues: $15,768 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/09/2019; Sold Date: 01/31/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #160242 – Laurelwood Condominiums, 640 Carriage Way 203, Snowmass Village, CO: Sold Price: $295,000/$569 sq ft; furnished. Sold Date: 02/05/2020. More details below photos.

MLS #160242 – Laurelwood, 640 Carriage Way 203, Snowmass Village, CO: Sold Price: $295,000/$569 sq ft; furnished. Sold Date: 02/05/2020. Snowmass Village condos for sale. Ask Price: $307,500. (Original Price: $307,500 and 214 days on the market since 07/06/2019.) This is a 1969 built, 1 bedroom/1 bath, 518 sq ft condo. Broker comments are “Ground Floor Laurelwood studio where the bedroom has been closed off for the privacy of a one bedroom. Located on the beautifully landscaped courtyard with water feature running out your patio door. Easy access out to skiing via Fanny Hill.” 2019 taxes: $993; HOA Dues: $13,973. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/27/2019; Sold Date: 02/05/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

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