Aspen Real Estate Market  Last Week’s Sales: Mar 31 – Apr 7, 19 – Week 13

Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (6).

The March 2019 Aspen Snowmass Village Real Estate Market Report Snapshot is posted in Current Reports.  The Monthly Snapshots are posted on or near the 1st Mon. of every month.

Just Released Bi-Annual – Estin Report: Aspen Snowmass Real Estate Market 2019 Winter Spring

The updated Pace of Sales Charts Q1 2008 through Q1 2019 were posted in Charts on Apr 8, 19. These answer the question “Where are we now compared to prior periods?” and indicate market direction trend lines.

     
                                   Aspen & Snowmass Village Historic Real Estate Chart Series

Blog Post: Mar 31 – Apr 7, 2019 Aspen CO real estate market activity, Week 13

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 (8):  MLS#s: 144658, 152399, 154196, 154583, 154824, 155393, 156535, 156916. This link is valid until 5/7/2019.

Under Contract/Pending (6): MLS#s: 152664, 156830, 157347, 157868, 158408, 158420. This link is valid until 5/7/2019.

Sold Properties Last Week:

MLS #152399 – Hallam Addition, West End, 315 Lake Avenue, Aspen, CO: Sold Price: $11,500,000/$2,090 sq ft; furnished; Sold Date: 04/03/2019. More details below photos.

MLS #152399 – Hallam Addition, Historic West End, 315 Lake Avenue, Aspen, CO: Sold Price: $11,500,000/$2,090 sq ft; furnished; Sold Date: 04/03/2019. Aspen homes for sale. Ask Price: $12,995,000. (Original Price: $15,900,000/$2,890 Sq Ft and 441 days on the market since 01/17/2018.) Tim’s notes: The property overlooks the north west corner of Triangle Park, the epicenter of Aspen’s historic West End and Lake Avenue, the Gold Coast of the West End. It is flanked by $25M-30M brand new homes for sale (The staggeringly beautiful new contemporary Lundy House which is presently for sale – Contact Tim at 970.309.6163 for sales info and a showing.)  This is a 1994 built and 2015 remodeled, 5 bedroom/5 bath/1 half-bath, 5,500 sq ft single family home with 2 car garage on a 7,280 sq ft lot. Broker comments are “Adopt the epitome of the Aspen lifestyle at 315 Lake Avenue with unrivaled access to town, Triangle Park, the Aspen Music Festival, & ski access (via neighborhood crosstown ski shuttle). Every striking inch of your fully-renovated estate invites you to relax after a day enjoying the best of what Aspen has to offer. The open-concept of the main floor which includes custom-built cabinetry & your chef’s kitchen is as exquisite as is it convenient for raising kids & entertaining. Convenience endures downstairs where you’ll find 3 en-suite guest rooms, theater, heated patio & jacuzzi. Upstairs, sun-drenched office, Shadow Mountain views, guest room & master retreat anxiously await you. The private deck, fireplace, views, vast closet system & divine marble master bath dare you to stay forever.” 2018 taxes: $28,454. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/04/2019; Sold Date: 04/03/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #154196 – Original Street Condo, Central Core, 802 E Cooper Avenue #1, Aspen, CO: Sold Price: $3,500,000/$1,636 sq ft; partially furnished; Sold Date: 04/03/2019. More details below photos.

MLS #154196 – Original Street Condo, Central Core, 802 E Cooper Avenue #1, Aspen, CO: Sold Price: $3,500,000/$1,636 sq ft; partially furnished;Sold Date: 04/03/2019. Aspen condos for sale. Ask Price: $3,795,000. (Original Price: $3,895,000 and 303 days on the market since 05/23/2018. The seller paid $1,925,000/$900 Sq Ft furnished on 12/20/12. See blog post.) Tim’s notes: This ground floor condo is located kitty-corner across from City Market at the intersection of East Cooper/Original Street. While one of downtown’s busiest intersections, it is also super convenient across the street from the local food market and a 2 1/2 block walk to the Aspen Mountain Gondola.) This is a 1975 built and 2006 remodeled, 3 bedroom/3 bath/1 half-bath, 2,139 sq ft condo with 2 car garage. Broker comments are “Location Location Location. Right in the downtown core, beautifully appointed 3 bedroom, 4 bathrooms condo. Spacious living with 2,139 square feet plus private 2 car garage. Steam shower, soaking tub and gas fireplace in the master suite. Oversized outdoor patio with views of Aspen Mountain. Large dining room and kitchen great for entertaining. Warm and cozy living room with stone floors, stone countertops, and hardwood floors through out. Small HOA building with 4 units.” 2018 taxes: $5,394; HOA Dues: $1,075 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/28/2019; Sold Date: 04/03/2019. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #155393 – Aspen Village Mobile Park, Woody Creek, 110 Aspen Village, Aspen, CO: Sold Price: $440,000/$343 sq ft; unfurnished. More details below photos.

MLS #155393 – Aspen Village Mobile Park, Woody Creek, 110 Aspen Village, Aspen, CO: Sold Price: $440,000/$343 sq ft; unfurnished. Aspen homes for sale. Ask Price: $450,000. (Original Price: $525,000 and 240 days on the market since 07/24/2018.) This is a 1997 built, 2 bedroom/3 bath, 1,280 sq ft single family home on a 5,135 sq ft lot. Broker comments are “Located in the Aspen School District this 2 bedroom, 3 bath home with a finished basement sits on a large lot in the most desireable location in Aspen Village! No HOA or water fees, Aspen Village has its own Metro District. Clubhouse, gym, pool, playground, community garden and a storage lot are just few reasons why Aspen Village is the smart choice for locals. Located on the bus route and easy access to the Rio Grande Trail via an underpass. RO (Resident Occupied) deed restriction per APCHA (Aspen Pitkin County Housing Authority), Buyer must work 1500 plus hours a year in the Roaring Fork Valley.” 2018 taxes: $2,871. Under Contract Date: 01/30/2019; Sold Date: 03/21/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #154583 – Central Core, 700 Monarch Street 104, Aspen, CO: Sold Price: $1,275,000/$1,257 sq ft; unfurnished; Sold Date: 04/01/2019 More details below photos.

MLS #154583 – Central Core, 700 Monarch Street 104, Aspen, CO: Sold Price: $1,275,000/$1,257 sq ft; unfurnished; Sold Date: 04/01/2019. Aspen condos for sale. Ask Price: $1,330,000. (Original Price: $1,495,000/$1,474 sq ft and 298 days on the market since 06/07/2018.) Tim’s notes: Flip Job Candidate – This is what a downtown Aspen remodel prospect looks like, this considered an excellent bargain,  although the property is at a garden or lower level without daylight view windows…a significant handicap. For a remodel project downtown where appreciation is best, expect to pay more or less $1,400-$1,750 sq ft. These properties are difficult to find at a price that pencils out for an immediate money making flip job unless one is prepared to buy and hold. See Estin Report Flip Jobs Section 2014-2019.  Contact Tim for targeted properties for sale.  This is a 1971 built, 2 bedroom/2 bath, 1,014 sq ft condo. Broker comments are “Motivated seller drops price A few short steps from Lift 1A and you are on Aspen Mt. Park your car in the underground parking garage and store your toys in the owners closet. A two bedroom two bath with spacious living area with wood burning fireplace with outside patio area. In town easy living.” 2018 taxes: $3,164; HOA Dues: $2,203 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/19/2019; Sold Date: 04/01/2019. (Photos and broker comments courtesy of RE/MAX Premier Properties)

MLS #154824 – Herron, West End, 333 W Main Street B, Aspen, CO: Sold Price: $580,000/$1,148 sq ft; furnished. More details below photos.

MLS #154824 – Herron, West End, 333 W Main Street B, Aspen, CO: Sold Price: $580,000/$1,148 sq ft; furnished. Aspen condos for sale. Ask Price: $599,999. (Original Price: $625,000 and 288 days on the market since 06/20/2018.) This is a 1890 built, 1 bedroom/1 bath, 505 sq ft condo. Broker comments are “Walk to everything in Aspen from this lovely ground floor remodeled one-bedroom apartment in the historic Herron Victorian Mansion. The large master bedroom suite includes a wet bar with mini fridge and mosaic tile backsplash, walk-in closet with plenty of storage, stackable washer/dryer, and built in maple shelving. The bathroom has been updated with maple cabinetry and custom tile and stone. A full kitchen with stainless appliances, solid slab granite counter tops and bar seating area is perfect for cooking and entertaining. Off-street parking is available. Sold furnished. This is a great opportunity to experience historic Aspen living in this versatile and comfortable, remodeled one-bedroom unit, convenient to downtown Aspen and the Benedict Music Tent and Aspen Meadows Campus.” 2018 taxes: $849; HOA Dues: $1,018 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/11/2019; Sold Date: 04/04/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #156916 – Independence Square Hotel Condo, Central Core, 404 S Galena Street 312, Aspen, CO: Sold Price: $520,000/$1,733 sq ft; furnished. More details below photos.

MLS #156916 – Independence Square Hotel Condo, Central Core, 404 S Galena Street 312, Aspen, CO: Sold Price: $520,000/$1,733 sq ft; furnished. Aspen condos for sale. Ask Price: $539,500. (Original Price: $539,500 and 129 days on the market since 11/19/2018.) This is a 1889 built, studio/1 bath, 300 sq ft condo. Broker comments are “Located in downtown Aspen right on the mall and only one block to the Gondola. Close to shops, restaurants and Aspen nightlife. 3rd Floor condo with views of Aspen Mtn. Roof top deck with Hot Tub. Complimentary continental breakfast and Apres ski wine and cheese for Owners and Renters. Ski lockers/storage. On-site Management.” 2016 taxes: $1,020; HOA Dues: $14,680. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/25/2019; Sold Date: 03/28/2019. (Photos and broker comments courtesy of Engel & Volkers)

MLS #144658 – Castle Creek, West Aspen, Tbd N Hayden Road, Aspen, CO: Vacant Load for Sale, Sold Price: $3,145,614; Sold Date: 04/03/2019.  More details below photo.

MLS #144658 – Castle Creek, West Aspen, Tbd N Hayden Road, Aspen, CO, Vacant Load for Sale, Sold Price: $3,145,614; Sold Date: 04/03/2019.  Aspen lots for sale. Ask Price: $3,275,000. (Original Price: $5,750,000 and 1,528 days on the market since 02/03/2015.) This is a 10.65 acres single family vacant lot. Broker comments are “South facing with an abundance of light and panoramic views of Mt. Hayden, back side of Aspen Mountain and Highlands. Realize your private retreat on the almost 2 acre building envelope and up to 15,000 sq. ft. above grade with the purchase of TDR’s. Substantial activity envelope for 2 horses, tennis court or pool. This property is bordered by national forest with breathtaking views. Listen to sounds of Castle Creek river or hike up the back of Aspen Highlands. The property has easy access to The Aspen Music School which is just down the road! Castle Creek Valley Ranch is extremely private, encompassing nature and views and miles of Aspen groves, private trails and easy access to Aspen (only 2 miles from the roundabout).” 2015 taxes: $31,279; HOA Dues: $1,200 per Qtr. Under Contract Date: 12/04/2018; Sold Date: 04/03/2019. (Photos and broker comments courtesy of Engel & Volkers)

MLS #156535 – Wood Run, 270 Bridge Lane, Snowmass Village, CO: Sold Price: $2,525,000/$657 sq ft; furnished; Sold Date: 04/01/2019. More details below photos.

MLS #156535 – Wood Run, 270 Bridge Lane, Snowmass Village, CO: Sold Price: $2,525,000/$657 sq ft; furnished; Sold Date: 04/01/2019. Snowmass Village homes for sale. Ask Price: $2,650,000. (Original Price: $2,875,000 and 181 days on the market since 08/27/2018.) This is a 1972 built and 2001 remodeled, 5 bedrooom/5 bath/1 half-bath/1 bonus room/1 den, 3,838 sq ft single family home with 1 car garage on a 37,621 sq ft lot. Broker comments are “This home has one of the most spectacular settings in all of Snowmass. A++ views of the ski area, with trails seemingly close enough to touch, from the informal living room, dining area, kitchen and from 4 of the 5 bedrooms. Additional views to the west of Ziegler Lake and the Rim Trail. Gorgeous woodburning stone fireplace. Sited among tall aspens and south-facing, this property has a delightful ambiance. Enjoy the outdoor decks almost year-round. Ski-in/out access via the private Guggenheim Trail is a short walk away (or, with a little longer walk, Adams Avenue is also an option). The Town’s zoning regulations allow for a 4500 sq ft home (plus a garage) on this lot – a chance for the family or developer who sees the phenomenal opportunity to expand or redevelop the house.” 2018 taxes: $8,739; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/27/2019; Sold Date: 04/01/2019. (Photos and broker comments courtesy of Aspen Snowmass Properties)

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