Aspen Real Estate Market Last Week’s Sales: Oct 03 – 10, 21 – Week 41
Closed (14) and Under Contract / Pending (15). [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.] (Photos above of 28 Smuggler Grove Road, Douglas Elliman Real Estate).
Estin Report: 1st Half 2021 sf – Aspen Snowmass Real Estate Market Report was posted 8/17/21 in the Estin Reports section. The print edition will be available Fri Sep 3rd.
The Sep 2021 Market Snapshot and Q3 2021 historic quarterly charts will be posted early this week.
BOTTOM LINE SUMMARY
What happens to a market where inventory has plummeted and prices are sky high? Does the market come to a standstill? Do things freeze up? What releases this situation? As one client said to me recently “The balloon at max. You pray it deflates slowly and God forbid there is a needle that pops it (that would be the FED tightening liquidity).”…Read more
Blog Posted Oct 11, 2021 – Aspen CO real estate market activity, Week 41
Closed (14): MLS#s: 169463, 166580, 171491, 169586, 171527, 171341, 171437, 169428, 170465, 171937, 163008, 169220, 171581, 172305. This link is valid until 11/09/2021.
Under Contract/Pending (15): MLS#s: 167810, 172277, 171031, 171178, 169591, 172215, 171860, 170070, 172268, 170271, 171785, 170352, 172010, 170859, 171843. This link is valid until 11/09/2021.
Sold Properties Last Week:
MLS #169463- Homes at Snyder Park, East Aspen, 28 Smuggler Grove Road, Aspen, CO; Sold Price: $9,100,000/$2,874 sq ft; furnished. Sold Date: 10/08/2021. More details below photos.
MLS #169463- Homes at Snyder Park, East Aspen, 28 Smuggler Grove Road, Aspen, CO; Sold Price: $9,100,000/$2,874 sq ft; furnished. Sold Date: 10/08/2021. Ask Price: $9,495,000. (Original Price: $9,800,000 and on the market since 04/12/2021. The seller paid $5.597M/$1,768 SF furn on 09/20/2019, +53%) This is a 2018 built, 3 bedroom/4 bath/1 half-bath, 3,166 sq ft single family. Broker comments are “An incredible contemporary historic 3-bedroom ”plus” home, rebuilt and completed in mid-2018. Centrally located and near the end of a quiet cul-de-sac, just a short distance from downtown. This home features detailed designed spaces by Rowland & Broughton and Forum Phi, vaulted ceilings upstairs and large windows that provide abundant natural light throughout. Perfect gathering spaces for friends and family in the open kitchen, living and dining areas. Additional room on the main level could be used as an office, den or additional sleeping space. The media room on the lower level has custom built-in bunk beds (Queen and 2 twins) for additional accommodations. Plenty of outdoor gathering areas with fire pit, and a hot tub in the back yard.” 2020 taxes: $16,318. Under Contract Date: 09/12/2021; Sold Date: 10/08/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate)
MLS #166580- Obermeyer Place, Central Core, 101 N Spring Street Unit #202, Aspen, CO; Sold Price: $6,750,000/$2,946 sq ft; furnished. Sold Date: 10/04/2021. More details below photos.
MLS #166580- Obermeyer Place, Central Core, 101 N Spring Street Unit #202, Aspen, CO; Sold Price: $6,750,000/$2,946 sq ft; furnished. Sold Date: 10/04/2021. Ask Price: $7,000,000. (Original Price: $7,000,000 and on the market since 09/15/2019.) This is a 2006 built, 3 bedroom/3 bath/1 half-bath, 2,291 sq ft condo with 2 car garage. Broker comments are “Downtown Aspen residence with three bedrooms on one level at Obermeyer Place. Wonderful open living space with a covered deck. There is no better location that combines privacy and access to Aspen’s shops and restaurants. Two blocks to Spring Café and the Rio Grande Park is around the corner. Two car garage with extra storage (always a plus for outdoor gear and toys.). This home is a solid rental performer. 2020 taxes: $9,131; HOA Dues: $16,906. Under Contract Date: 07/15/2021; Sold Date: 10/04/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS #171341- Aspen Square, Central Core, 617 E Cooper Avenue 221, Aspen, CO; Sold Price: $1,085,000/$2,187. sq ft; furnished. Sold Date: 10/08/2021. More details below photos.
MLS #171341- Aspen Square, Central Core, 617 E Cooper Avenue 221, Aspen, CO; Sold Price: $1,085,000/$2,187. sq ft; furnished Sold Date: 10/08/2021. Ask Price: $1,099,000. (Original Price: $1,099,000 and on the market since 07/28/2019.) This is a 1969 built and 2008 remodeled, 1 bath, 496 sq ft condo with common car garage. Broker comments are “Enjoy this ideally located Aspen Square studio, only 60-steps to the Silver Queen Gondola and in the heart of downtown Aspen. Step outside the north-facing second-floor studio balcony to views of Smuggler, Hunter Creek Valley, and Red Mountain. Your investment is well taken care of and consistently booked by The Aspen Square Mgmt team with a strong rental history as proof. Aspen Square amenities include front desk, concierge, outdoor pool, hot tubs, fire pit, gym, courtyard, elevator, conference space, free internet, lock-off owner closet, underground parking, and daily housekeeping. Additionally, the adjacent unit, 220, is also on the market and the two units have a communicating door to make them adjoining.” 2020 taxes: $2,038; HOA Dues: $19,996. Under Contract Date: 08/30/2021; Sold Date: 10/08/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS #171437- Aspen Square, Central Core, 617 E Cooper Avenue 220, Aspen, CO; Sold Price: $1,085,000/$2,187. sq ft; furnished. Sold Date: 10/08/2021. More details below photos.
MLS #171437- Aspen Square, Central Core, 617 E Cooper Avenue 220, Aspen, CO; Sold Price: $1,085,000/$2,187. sq ft; furnished. Sold Date: 10/08/2021. Ask Price: $1,099,000. (Original Price: $1,099,000 and on the market since 08/05/2021.) This is a 1969 built and 2007 remodeled, 1 bath, 496 sq ft condo with common car garage. Broker comments are “Enjoy this ideally located Aspen Square studio, only 60-steps to the Silver Queen Gondola and in the heart of downtown Aspen. Step outside the north-facing second-floor studio balcony to views of Smuggler, Hunter Creek Valley, and Red Mountain. Your investment is well taken care of and consistently booked by The Aspen Square Mgmt team with a strong rental history as proof. Aspen Square amenities include front desk, concierge, outdoor pool, hot tubs, fire pit, gym, courtyard, elevator, conference space, free internet, lock-off owner closet, underground parking, and daily housekeeping. Additionally, the adjacent unit, 221, is also on the market and the two units have a communicating door to make them adjoining.” 2020 taxes: $2,242; HOA Dues: $19,996. Under Contract Date: 09/01/2021; Sold Date: 10/08/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS #169428- Good Thunder, Central Core, 305 S Aspen Street #2B, Aspen, CO; Sold Price: $1,000,000/$2,178. sq ft; furnished. Sold Date: 10/04/2021. More details below photos.
MLS #169428- Good Thunder, Central Core, 305 S Aspen Street #2B, Aspen, CO; Sold Price: $1,000,000/$2,178. sq ft; furnished. Sold Date: 10/04/2021. Ask Price: $975,000. (Original Price: $975,000 and on the market since 04/09/2021.) This is a 1978 built and 2015 remodeled, 1 bedroom/1 bath, 459 sq ft condo. Broker comments are “This light and bright condo is centrally located in Aspen’s downtown core. Updated with granite counters and stone backsplash, modern flooring, recessed lights, overhead fan in master, and Travertine in the master bath, this condo is as functional as it is beautiful! Experience the convenience of being steps from downtown dining, shopping, hiking, and skiing. New stackable washer and dryer in unit. Rented through January 2022. Dogs are allowed for owners. Great investment opportunity with allowable rental terms of 2 months or longer. Very low HOA dues are an added bonus. Large exterior storage shed. Six (6) blocks to Gondola and three (3) blocks to Lift 1A.” 2020 taxes: $2,218; HOA Dues: $2,004. Under Contract Date: 08/8/2021; Sold Date: 10/04/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #170465- Christiana Aspen, West End, 501 W Main Street 104A, Aspen, CO; Sold Price: $935,000/$1,943. sq ft; unfurnished. Sold Date: 10/07/2021. More details below photos.
MLS #170465- Christiana Aspen, West End, 501 W Main Street 104A, Aspen, CO; Sold Price: $935,000/$1,943. sq ft; unfurnished. Sold Date: 10/07/2021. Ask Price: $950,000. (Original Price: $975,000 and on the market since 06/11/2019.) This is a 2003 built, 1 bedroom/1 bath, 481 sq ft condo. Broker comments are “This charming 1 bedroom, 1 bathroom condo is centrally located in downtown Aspen with quick access to all the summer and winter activities Aspen has to offer! Just steps away from the bike path, 5 blocks from restaurant row, and close by ski shuttle access. Massive, climate controlled storage unit comes with the condo. A rarity in downtown Aspen! Heated pool and hot tub right outside your door. There are no short term rental restrictions here!” 2021 taxes: $1,832; HOA Dues: $4,446.. Under Contract Date: 09/04/2021; Sold Date: 10/07/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s SS)
MLS #171581- Hunter Creek, Smuggler, 1223 Vine Street 1223, Aspen, CO; Sold Price: $550,000 /$1,273. sq ft; partial furnished. Sold Date: 10/04/2021. More details below photos.
MLS #171581- Hunter Creek, Smuggler, 1223 Vine Street 1223, Aspen, CO; Sold Price: $550,000 /$1,273. sq ft; partial furnished. Sold Date: 10/04/2021. Ask Price: $525,000. (Original Price: $525,000 and on the market since 08/13/2019.) This is a 1985 built, 1 bath, 432 sq ft condo with common car garage. Broker comments are “Well priced Hunter Creek studio. Freshly painted, large walk in closet, wood burning stove and private balcony. Located steps away from the swimming pool, hot tub and tennis courts. Sold furnished. HOA fees include ground maintenance, trash, snow removal and cable/internet. Electric, gas, water and sewer are an additional fee paid in arrears.” 2021 taxes: $989; HOA Dues: $4,791. Under Contract Date: 08/17/2021; Sold Date: 08/04/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #172305- Inn At Aspen, West Aspen, 38750 Highway 82 1111 & 1113, Aspen, CO; Sold Price: $530,000/$763. sq ft; furnished. Sold Date: 10/07/2021. More details below photos.
MLS #172305- Inn At Aspen, West Aspen, 38750 Highway 82 1111 & 1113, Aspen, CO; Sold Price: $530,000/$763. sq ft; furnished. Sold Date: 10/07/2021. Ask Price: $550,000. (Original Price: $550,000 and on the market since 10/07/2021.) This is a 1969, 1 bedroom/1 bath, 694 sq ft condo. Broker comments are “Sold before MLS. Ski In / Ski Out at the base of Buttermilk Ski Area and home of the X-Games. Rare side by side studios with an adjoining door! Both units had extensive remodels in 2018. Unit #1111 is a queen with kitchenette and bath tub. Unit #1113 is an ADA approved king with shower. Excellent HOA amenities that include: front desk and on-site management., conference rooms, restaurant, bar, pool, Jacuzzi, exercise facility, shuttle service and ski access!” 2020 taxes: $823; HOA Dues: $14,884. Under Contract Date: 09/07/2021; Sold Date: 10/07/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS #171491- Assay Hill Lodge, Snowmass Village, 130 Wood Road 731, Snowmass Village, CO; Sold Price: $2,400,000/$1,459 sq ft; furnished. Sold Date: 10/01/2021. More details below photos.
MLS #171491- Assay Hill Lodge, Snowmass Village, 130 Wood Road 731, Snowmass Village, CO; Sold Price: $2,400,000/$1,459 sq ft; furnished. Sold Date: 10/01/2021. Ask Price: $2,600,000. (Original Price: $2,600,000 and on the market since 08/09/2021.) This is a 2009 built and 2021 remodeled, 3 bedroom/3 bath, 1,644 sq ft condo with common car garage. Broker comments are “Spectacular Snowmass Mountain views, ski in/ ski out, 3 on site restaurants and 2 lounges, are a few of the five star amenities this beautiful 3 bedroom, 3 bath, full ownership penthouse offers. Recently remodeled and fully furnished, get ready for unrivaled luxury. Upstairs features a spacious 1 bedroom, 1 bathroom complete with its own convenience kitchen and lock off option offering flexibility in the rental service program. Downstairs you have 2 more oversized bedrooms, 2 bathrooms, living room, full kitchen with Sub Zero and Viking appliances, high ceilings, and a private patio with views of Daly, perfect for watching the sunsets. And let’s not forget the full service spa, pool, hot tub and 24 hour fitness center. All HOA dues have been paid thru November 2022. Dogs allowed.” 2020 taxes: $7,652; HOA Dues: $34,392. Under Contract Date: 08/16/2021; Sold Date: 10/01/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #169586- Ridge Run, Snowmass Village, 1047 Faraway Road, Snowmass Village, CO; Sold Price: $2,100,000/$1,137 sq ft; unfurnished. Sold Date: 9/23/2021. More details below photos.
MLS #169586- Ridge Run, Snowmass Village, 1047 Faraway Road, Snowmass Village, CO; Sold Price: $2,100,000/$1,137 sq ft; unfurnished. Sold Date: 9/23/2021. Ask Price: $2,195,000. (Original Price: $2,195,000 and on the market since 04/20/2021.) This is a 1969 built, 4 bedroom/2 bath/1 half-bath, 1,846 sq ft single family. Broker comments are “Nestled among a field of Aspens in a treehouse setting, this classic and timeless ski chalet inspired design represents Snowmass’ original ski heritage. The current, original owner had the advantage of premium lot selection. The open, upper living area features vaulted ceilings and retro circular fireplace perfect for après ski and family gatherings. The main living area and 3 bedrooms include private outdoor living spaces with spectacular views of Snowmass Ski Area, Rim Trail and valley floor. Retain the classic vintage style or remodel to your personal preference.” 2020 taxes: $4,764; HOA Dues: $90. Under Contract Date: 04/24/2021; Sold Date: 09/23/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS #171527- Top of Village, Snowmass Village, 855 S Carriage Way Trails 103, Snowmass Village, CO; Sold Price: $1,325,000/$913 sq ft; furnished. Sold Date: 10/04/2021. More details below photos.
MLS #171527- Top of Village, Snowmass Village, 855 S Carriage Way Trails 103, Snowmass Village, CO; Sold Price: $1,325,000/$913 sq ft; furnished. Sold Date: 10/04/2021. Ask Price: $1,325,000. (Original Price: $1,325,000 and on the market since 08/11/2021.) This is a 1974 built and 2009 remodeled, 3 bedroom/3 bath, 1,450 sq ft condo. Broker comments are “Highly sought-after ground floor point location within the Trails building which offers direct ski-in/out to the patio door. The living area, master bedroom, and guest bedroom have views of the ski run, receive morning sun throughout the year, and deliver a feeling of privacy due to the building configuration. Sold before MLS.” 2020 taxes: $3,567; HOA Dues: $16,872. Under Contract Date: 08/04/2021; Sold Date: 10/04/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty )
MLS #171937- Terrace House, Snowmass Village, 65 Campground Lane 73, Snowmass Village, CO; Sold Price: $827,000/$910 sq ft; furnished. Sold Date: 10/04/2021. More details below photos.
MLS #171937- Terrace House, Snowmass Village, 65 Campground Lane 73, Snowmass Village, CO; Sold Price: $827,000/$910 sq ft; furnished. Sold Date: 10/04/2021. Ask Price: $827,000. (Original Price: $827,000 and on the market since 09/09/2021.) This is a 1972 built and 2006 remodeled, 2 bedroom/2 bath, 908 sq ft condo. Broker comments are “Only steps away from Fanny Hill to ski, ski, and ski!!!! Sunny unit with beautiful views, so close to the ski hill. South facing 2 bedroom/2 bath unit located half way between the Mall and the Base Village. Adjacent to Stonebridge where you can use the heated swimming pool, steam room, top notch athletic room and the Artesian Restaurant. Beautiful gardens, hot tub and outdoor Barbeque . Strong HOA with low monthly dues that include almost all utilities. You can rent through management company of by yourself. You can live in this unit fulltime. Pets allowed.” 2020 taxes: $1,643; HOA Dues: $10,800. Under Contract Date: 09/13/2021; Sold Date: 10/04/2021. (Photos and broker comments courtesy of Engel & Volkers)
MLS #163008- Assay Hill Lodge, Snowmass Village, 130 Wood Road 635, Snowmass Village, CO; Sold Price: $750,000/$1,304 sq ft; furnished. Sold Date: 10/08/2021. More details below photos.
MLS #163008- Assay Hill Lodge, Snowmass Village, 130 Wood Road 635, Snowmass Village, CO; Sold Price: $750,000/$1,304 sq ft; furnished. Sold Date: 10/08/2021. Ask Price: $750,000. (Original Price: $630,000 and on the market since 02/04/2020.) This is a 2009 built, 1 bedroom/1 bath, 8,771 sq ft condo with common car. Broker comments are “4 Star Luxury One Bedroom located on Assay Hill designed with a contemporary flare! The deck is one of the largest in the complex. Enjoy the gorgeous outdoor spaces which include spacious dining around a large heated pool, hot tubs, and a luxury spa near a first class work out room overlooking the Roaring Fork valley. This striking ski-in/ski-out property has all the amenities including a concierge service, valet parking, transportation services for owners, ski tuning, a coffee shop, two onsite restaurants with room service and multiple bars. Click in and enjoy all that the Snowmass Mountain ski area has to offer” 2020 taxes: $2,428; HOA Dues: $15,136. Under Contract Date: 09/20/2021; Sold Date: 10/08/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate)
MLS #169220- Samuelson Sub, Old Snowmass, 35 Mountain Shadow Way, Snowmass, CO; Sold Price: $618,750/$318 sq ft; unfurnished. Sold Date: 10/04/2021. More details below photos.
MLS #169220- Samuelson Sub, Old Snowmass, 35 Mountain Shadow Way, Snowmass, CO; Sold Price: $618,750/$318 sq ft; unfurnished. Sold Date: 10/04/2021. Ask Price: $695,000. (Original Price: $950,000 and on the market since 03/25/2021.) This is a 1968 built, 3 bedroom/2 bath, 1,944 sq ft condo with 1 car garage on a 0.57 acres lot. Broker comments are “Rare opportunity to own a single family home with adjacent lot on half an acre in the Samuelson Subdivision. This 4-bedroom, 2-bath home is situated in close proximity to Downtown Basalt, the Roaring Fork Club, and just 16 miles to downtown Aspen. The home offers an open floor plan, mountain views, and is the perfect investment opportunity for rental income, remodel, or future development. The current home is situated on a 0.25 acre lot and the vacant adjacent lot is 0.32 acres. The two parcels are offered together at the list price; a great opportunity to own a single family home on over half an acre estate. The neighborhood is known for its large estate lots and tree-lined streets.” 2020 taxes: $2,505. Under Contract Date: 08/04/2021; Sold Date: 10/04/2021. (Photos and broker comments courtesy of Compass)
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