Aspen Real Estate Market  Last Week’s Sales: Dec 1 – 8, 19 – Week 48

Closed (11) + Under Contract / Pending (8). [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.]

September 2019 YTD Aspen Real Estate Market Report Snapshot is posted in Current Reports . The Oct YTD Snapshot will be released soon but I’m in the process of writing my year end report which is all-consuming.  The Monthly Snapshots are posted on or near the 1st Monday of every month. Here is a quick Oct 2019 YTD summary comparison of the past 4 years:

The updated Historic Pace of Sales Charts Q1 2008 through Q3 2019 (thru Sept 30, 19) have been posted in Charts. These charts are broken down by total markets, Aspen and Snowmass,  and by property types: single family homes, condos and vacant land and compare  sales  to prior years.  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

Bi-Annual – Estin Report: Aspen Snowmass Real Estate Market 2019 ws

Blog Post: Dec 1 – 8, 2019 Aspen CO real estate market activity, Week 48

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 (11):  MLS#s: 152693, 156588, 157181, 157292, 158940, 159371, 159762, 159985, 160122, 161908, 162306.  This link is valid until 1/7/2020.

Under Contract/Pending (8): MLS#s: 160834, 161056, 154408, 156697, 158247, 158537, 159205, 160157.  This link is valid until 1/7/2020.

Sold Properties Last Week:

MLS #159985 – West End, 230 Lake Avenue, Aspen, CO: Sold Price: $15,750,000/$2,937 sq ft; unfurnished. Sold Date: 12/02/2019. More details below photos.

MLS #159985 – West End, 230 Lake Avenue, Aspen, CO: Sold Price: $15,750,000/$2,937 sq ft; unfurnished. Sold Date: 12/02/2019. Aspen homes for sale. Ask Price: $17,995,000. (Original Price: $17,995,000 and 168 days on the market since 06/17/2019.) This is a 1980 built, 6 bedroom/6 bath/1 half-bath, 5,361 sq ft single family home with 2 car garage on a 12,118 sq ft lot. Broker comments are “The best available development opportunity, on the best street, in Aspen’s picture perfect West End. This lot is perched on the Hallam Lake Bluff, with tremendous views of the Lake, Red Mountain, Aspen Mountain, and more. Over 12,000 square feet of lot area offers plenty of buildable area. Walk everywhere, bask in the tranquility of your backyard, and enjoy Triangle Park across the street. The existing home is perfectly livable and can be fully used while a new home is being designed and approved.” 2018 taxes: $29,638. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/09/2019; Sold Date: 12/02/2019. (Photos and broker comments courtesy of Aspen International Properties)

MLS #162306 – Castle Creek, West Aspen, 250 N Hayden Road, Aspen, CO: Sold Price: $5,850,000/$990 sq ft; unfurnished. Sold Date: 12/04/2019. More details below photos.

MLS #162306 – Castle Creek, West Aspen, 250 N Hayden Road, Aspen, CO: Sold Price: $5,850,000/$990 sq ft; unfurnished. Sold Date: 12/04/2019. Aspen homes for sale. Ask Price: $5,850,000. (Original Price: $5,850,000 and on the market since 12/04/2019.) This is a 1994 built, 8 bedroom/6 bath/1 half-bath, 5,909 sq ft single family home with 3 car garage on a 8.36 acres lot. Broker comments are “Sold before MLS.” 2019 taxes: $12,583; HOA Dues: $5,600. Under Contract Date: 12/04/2019; Sold Date: 12/04/2019. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #157292 – Aspen Village, Woody Creek, 104 Aspen Village, Aspen, CO: Sold Price: $335,000/$341 sq ft; unfurnished. Sold Date: 12/03/2019. More details below photos.

MLS #157292 – Aspen Village, Woody Creek, 104 Aspen Village, Aspen, CO: Sold Price: $335,000/$341 sq ft; unfurnished. Sold Date: 12/03/2019. Aspen homes for sale. Ask Price: $380,000. (Original Price: $380,000 and 312 days on the market since 12/18/2018.) Tim’s notes: Aspen Village is a former mobile home park where owners have been allowed to purchase the ground beneath them and build stick-built homes. This is a 1979 built, 2 bedroom/1 bath, 980 sq ft single family home with 1 car garage on a 5,528 sq ft lot. Broker comments are “Located in a quiet and secluded part of Aspen Village, this 2 bedroom home with separate garage and office space sits on a large lot with unobstructed views to the west. Adjacent from a large ranch with deeded open space. In the Aspen School District. Aspen Village has it’s own clubhouse, pool & gym and storage lot. Property is deed restricted as resident occupied (RO) Buyer must work in the Roaring Fork Valley and demonstrate they worked 1500 hours in one year preceding the purchase to the Pitkin County Housing Authority. Allowable FAR (Floor Area Ratio)  is 35% of the lot size above grade Additional floor area exemptions: basement 800 sq feet , mechanical room 100 sq ft and storage shed 150 sq ft.” 2018 taxes: $2,632. Under Contract Date: 07/12/2019; Sold Date: 12/03/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #158940 – Riverside Sub., East Aspen, 1154 E Cooper Avenue, Aspen, CO: Sold Price: $6,150,000/$2,119 sq ft; furnished. Sold Date: 12/03/2019. More details below photos.

MLS #158940 – Riverside, East Aspen, 1154 E Cooper Avenue, Aspen, CO: Sold Price: $6,150,000/$2,119 sq ft; furnished. Sold Date: 12/03/2019. Aspen duplex/half-duplex for sale. Ask Price: $6,795,000. (Original Price: $6,995,000 and 848 days on the market since 01/16/2017.) This is a 2019 built, 4 bedroom/4 bath/1 half-bath, 2,901 sq ft half-duplex with 1 car garage on a 7,020 sq ft lot. Broker comments are “Beautifully designed new contemporary 4 bedroom 4.5 bathroom townhome in Aspen. This 2901 sq. ft. townhouse is a few blocks to restaurants, shopping and the Gondola Plaza. Boasting spectacular views of Aspen mountain , Smuggler and Independence Pass. Beautifully appointed kitchen for entertaining and dining. Garden level living area and a luxurious media room. 4 private decks driveway with snow melt patios. This furnished home offers an open floor design, high ceilings throughout with elegant interiors and fireplaces on every level. The master suite bathroom includes a soaking tub and a steam shower for total relaxation. radiant heat, air conditioning, Control 4 AV system NO HOA dues. Furnished and ready to move in.” City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/20/2019; Sold Date: 12/03/2019. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #159762 – Maroon Creek Townhome, West Aspen, 612 Oregon Trail, Aspen, CO: Sold Price: $5,125,000/$1,068 sq ft; furnished. Sold Date: 12/05/2019. More details below photos.

MLS #159762 – Maroon Creek Townhome, West Aspen, 612 Oregon Trail, Aspen, CO: Sold Price: $5,125,000/$1,068 sq ft; furnished. Sold Date: 12/05/2019. Aspen townhomes for sale. Ask Price: $5,795,000. (Original Price: $5,795,000 and 176 days on the market since 06/12/2019.) This is a 1998 built, 4 bedroom/4 bath, 4,797 sq ft townhomes with 2 car garage. Broker comments are “Enjoy a convenient active lifestyle and virtually maintenance-free living at this turn-key furnished and upgraded Maroon Creek Townhome! With excellent views of Aspen Highlands, Tiehack, Aspen Mountain and Shadow Mountain, this is the ”eastern most” end unit with the most sun in the subdivision. Recent upgrades have been made to the kitchen, all bathrooms, countertops, lighting and electrical fixtures, many plumbing fixtures, and more (including wool carpets). The golf cart garage has been converted into a bike and storage area, and there is a ”ski room” fit for all the skis, boards and gear one can own. Located at the base of Tiehack approximately 100 feet from the lift, where you can ski, hike, bike, and skin out the back door. The footbridge across Maroon Creek to the recreation center, public schools, and public transportation is another wonderful amenity.” 2019 taxes: $11,359. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/16/2019; Sold Date: 12/05/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #159371 – Central Core, 700 S Monarch Street 201, Aspen, CO: Sold Price: $2,150,000/$1,717 sq ft; furnished. Sold Date: 12/02/2019. More details below photos.

MLS #159371 – Central Core, 700 S Monarch Street 201, Aspen, CO: Sold Price: $2,150,000/$1,717 sq ft; furnished. Sold Date: 12/02/2019. Aspen condos for sale. Ask Price: $2,150,000. (Original Price: $2,150,000 and 196 days on the market since 05/20/2019.) This is a 1971 built, 3 bedroom/2 bath, 1,252 sq ft condo. Broker comments are “This 3 Bedroom / 2 Bath is located between the Aspen Mountain Gondola and Lift 1A and includes an assigned parking space, large storage room, great views and low dues.” 2018 taxes: $4,340; HOA Dues: $11,028. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/25/2019; Sold Date: 12/02/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #161908 – Midland Condominiums, Central Core, 601 S West End Street 8, Aspen, CO: Sold Price: $830,000/$1,490 sq ft; furnished. Sold Date: 12/02/2019. More details below photos.

MLS #161908 – Midland, Central Core, 601 S West End Street 8, Aspen, CO: Sold Price: $830,000/$1,490 sq ft; furnished. Sold Date: 12/02/2019. Aspen condos for sale. Ask Price: $830,000. (Original Price: $830,000 and 45 days on the market since 10/18/2019.) This is a 1969 built, 1 bedroom/1 bath, 557 sq ft condo. Broker comments are “Great opportunity for investor or end user to add value with an upgrade. 2 blocks to Gondola with the privacy that comes from overlooking Glory Hole Park. End unit offers extra windows for great light. Spacious private balcony, wood burning fireplace, washer and dryer. Reasonable HOA dues include heat and water. Vacant and easy to show.” 2018 taxes: $1,585; HOA Dues: $6,400. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/31/2019; Sold Date: 12/02/2019. (Photos and broker comments courtesy of Compass Aspen)

MLS #157181 – Ridge Run, 32 Elk Ridge Lane, Snowmass Village, CO: Sold Price: $2,772,000/$717 sq ft; unfurnished. Sold Date: 12/02/2019. More details below photos.

MLS #157181 – Ridge Run Subdivision, 32 Elk Ridge Lane, Snowmass Village, CO: Sold Price: $2,772,000/$717 sq ft; unfurnished. Sold Date: 12/02/2019. Snowmass Village homes for sale. Ask Price: $2,995,000. (Original Price: $3,395,000 and 346 days on the market since 12/11/2018.) This is a 2007 built, 5 bedroom/4 bath/1 half-bath, 3,863 sq ft single family home with 2 car garage on a 31,291 sq ft lot. Broker comments are “Gorgeous mountain contemporary home in the heart of Snowmass Village. The home was built in 2007 with great attention to detail: Top of the line appliances, custom cabinets/built-ins, and modern bathrooms with two steam showers. Custom Lutron lighting and Sonos sound system in every room. The main level living area is open and inviting making it the perfect area for entertaining or just enjoying time with the family while soaking in the panoramic views. Ski access just down the street. New Landscaping recently added including the addition of main level hot tub. This is the best priced turn-key house in Snowmass. Dial a Ride During Winter.  The oversized heated garage has plenty of room for 2 vehicles and the custom built-ins offer plenty of storage for all of your gear/toys. From the garage you enter a large mudroom with more storage and closet space.” 2018 taxes: $9,331; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/08/2019; Sold Date: 12/02/2019. (Photos and broker comments courtesy of Christie’s International Real Estate Aspen Snowmass)

MLS #160122 – Meadow Ranch, 100 Meadow Ranch Road, Snowmass Village, CO: Sold Price: $950,000/$534 sq ft. Sold Date: 12/02/2019. More details below photos.

MLS #160122 – Meadow Ranch, 100 Meadow Ranch Road, Snowmass Village, CO: Sold Price: $950,000/$534 sq ft. Sold Date: 12/02/2019. Snowmass Village homes for sale. Ask Price: $995,000. (Original Price: $995,000 and 139 days on the market since 06/28/2019.) This is a 1977 built, 4 bedroom/3 bath, 1,776 sq ft single family home. Broker comments are “A bright free-standing, 4-bedroom/3-bath home under $1MM in the Aspen School District. (!) Located in Snowmass Village close to skiing, golf, tennis, and restaurants, this home puts you in the middle of the best the valley has to offer. Enjoy two decks, wood-burning fireplaces, nearby parking, and tons of storage. Great rental potential, or fix it up and make it your own.” 2019 taxes: $3,644; HOA Dues: $6,989. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/14/2019; Sold Date: 12/02/2019. (Photos and broker comments courtesy of Compass Aspen)

MLS #152693 – Base Village/One Snowmass West, 45 Wood Road 602, Snowmass Village, CO: Sold Price: $3,950,000/$1,975 sq ft. Sold Date: 12/06/2019. More details below photos.

MLS #152693 – Base Village/One Snowmass West, 45 Wood Road 602, Snowmass Village, CO: Sold Price: $3,950,000/$1,975 sq ft. Sold Date: 12/06/2019. Snowmass Village condos for sale. Ask Price: $3,950,000. (Original Price: $3,995,000 and 440 days on the market since 02/20/2018.) This is a 2018 built, 3 bedroom/3 bath, 1,999 sq ft condo. Broker comments are “One Snowmass Eleven whole ownership residences occupy the West Building. • Designed with extensive architectural glass windows running the length of the great room and kitchen, including a feature corner window wall • Great metal-clad fireplace surrounded by windows is the centerpiece of the great room • Expansive center kitchen island perfect for entertaining family and friends • Outdoor deck off kitchen • Intimate dining alcove off the great room and adjacent to the kitchen • Master suite offers true sanctuary for you to rest and recharge • Five-fixture master bathroom with adjacent walk-in closet.” 2018 taxes: $29,283; HOA Dues: $34,257 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/31/2019; Sold Date: 12/06/2019. (Photos and broker comments courtesy of SV Real Estate)

MLS #156588 – Assay Hill Lodge, 130 Wood Road 716, Snowmass Village, CO: Sold Price: $445,000/$827 sq ft; furnished. Sold Date: 12/02/2019. More details below photos.

MLS #156588 – Assay Hill Lodge, 130 Wood Road 716, Snowmass Village, CO: Sold Price: $445,000/$827 sq ft; furnished. Sold Date: 12/02/2019. Snowmass Village condos for sale. Ask Price: $459,000. (Original Price: $459,000 and 410 days on the market since 10/18/2018.) This is a 2010 built, 1 bedroom/1 bath, 538 sq ft condo. Broker comments are “A luxurious one-bedroom ski-in/ski-out opportunity on Assay Hill at Snowmass Ski Area. Enjoy Snowmass Rim and Brush Creek Valley views from the expansive private patio. The nine-foot ceilings on this seventh floor unit offer a spacious feel. A two-sided gas fireplace warms the living room and bedroom. The oversized bathroom includes a relaxing soaking tub, shower and large vanity. A clean, contemporary design with a cleaver use of space characterizes the interior layout. A stackable washer and dryer offer in room laundry for extended stays. The seller has paid in full the special assessment for 2018/2019 interior improvements including new fixtures and furnishings. A pull out living roof sofa provides additional space for family or friends. Assay Hill Lodge four-star amenities include new hot tubs with cascading water feature and the new slope-side/poolside Nest bar/café, Robert Sandoval’s Toro Restaurant, wellness spa, shuttle service and valet skier service, room service, in house ski shop, and new fitness facility. A four million dollar lobby remodel with Viceroy Café V was recently completed. Strong rental potential as provided by hotel Mgmt. Now is the time to own in Snowmass. This is a great whole ownership opportunity to be a part of the new Snowmass Base Village and enjoy four-star amenities.” 2018 taxes: $3,905; HOA Dues: $12,489. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/02/2019; Sold Date: 12/02/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

__________________________