Aspen Real Estate Market Last Week’s Sales: Dec 27, 20 – Jan 3, 21 – Week 1
Closed (12) + 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.]
Bottom Line: 2020 is off the charts: I am in the process of writing my year end 32 Pg Estin Report to be completed in early Jan 2021. Through Dec 20, total Aspen Snowmass combined dollar sales in 2020 are $3.125B vs $1.46B last year, +114%; total combined unit sales are 627 sales vs 421, +49%. These are scrubbed sales for a more accurate picture of Aspen Snowmass free market real estate. Scrubbed is: no fractionals/timeshares; no mobile homes; no APCHA/deed restricted affordable housing sales; Outlier sales (extreme high or extreme low) are included in total volume and unit sales but not other stats.
The Estin Report: Dec 2020 Market Snapshot is posted in Current Reports – a 10-Pg report on monthly and YTD sales by property type and neighborhood. The Nov Snapshot created some press interest resulting in an interview with the Aspen Times. Link to article
Other readings – (3) recent Aspen real estate articles:
1) “Covid 19 & Aspen real estate: Boom town means entrance for some, exit ramp for others” Nov 22, 20
2) “Aspen Snowmass Real Estate Continues its Skyward Climb”, Nov 9, 22.
3) Estin’s Aspen Snowmass real estate market summary article.
Blog Post: Dec 27, 2020 – Jan 3, 2021 Aspen CO real estate market activity, Week 1
Closed (12): MLS#s: 158316, 159715, 159749, 163478, 165768, 166898, 167010, 167085, 167204, 167245, 167612, 167668. This link is valid until 2/4/2021.
Under Contract/Pending (15): MLS#s: 162716, 165088, 165513, 165664, 165782, 166284, 166788, 166915, 167102, 167212, 167712, 167837, 167952, 167977, 167994. This link is valid until 2/4/2021.
Sold Properties Last Week:
MLS #167085 – 8500 & TBD Snowmass Creek Road, Snowmass, CO; Sold Price: $14,750,000/$2,191 sq ft; unfurnished. Sold Date: 12/28/2020. More details below photos…and more photos to be posted.
MLS #167085 – 8500 & TBD Snowmass Creek Road, Snowmass, CO; Sold Price: $14,750,000/$2,191 sq ft; unfurnished. Sold Date: 12/28/2020. Old Snowmass homes for sale. Ask Price: $16,200,000. (Original Price: $16,200,000 and 82 days on the market since 10/07/2020.) This is a 1992 built, 5 bedroom/5 bath/1 half-bath, 6,732 sq ft single family home with 2 car garage on 544 acres. Broker comments are “Awesome 544 acre ranch with no HOA and zoned agricultural… home to the beautiful belted cows. Horseback, biking trails, hunting galore with private trails into National Forest and expansive views. Snowmass Creek runs through the property simply magical entry to the stone house over the creek along a tree-lined private drive. Super sweet. Two separate developable parcels 501 Acres & 35 Acres (+ 8 Acres).” 2019 taxes: $30,114. Under Contract Date: 10/23/2020; Sold Date: 12/28/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #159715 – Barbee Family PUD, Central Core, 700 & 701 S Garmisch Street, Aspen, CO; Sold Price: $12,300,000/$4,019 sq ft; unfurnished. Sold Date: 12/30/2020. More details below photos.
MLS #159715 – Barbee Family PUD, Central Core, 700 & 701 S Garmisch Street, Aspen, CO; Sold Price: $12,300,000/$4,019 sq ft; unfurnished. Sold Date: 12/30/2020. Aspen homes for sale. Ask Price: $12,500,000. (Original Price: $13,950,000 and 459 days on the market since 06/10/2019.) This is a 1880 built and 1972 remodeled, 3 bedroom/3 bath, 3,060 sq ft single family home on a 2.5 acres lot. Broker comments are “Unique development opportunity at the base of Lift 1A within the core of Aspen. Lots 1 and 2 of the Barbee Subdivision are offered together for the first time ever. Direct access to trails and views while being able to walk to Aspen’s vibrant downtown and Lift 1 Base area approved for major improvements. Lot 1 is 2.3 acres with a non-historic home that is approximately 3,000 square feet and allows for redevelopment of 4,500 square feet above-grade. Lot 2 is 11,705 square feet with the ability to build 4,500 square feet above-grade. All sub-grade space is exempt. The affordable housing impact requirements have been satisfied on Lot 2. The years of gaining subdivision approvals give these lots an advantage to start the building process. See zoning summary.” 2019 taxes: $30,294. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/20/2020; Sold Date: 12/30/2020. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #167010 – Silverlode, Smuggler, 295 Silverlode Drive, Aspen, CO; Sold Price: $7,000,000/$1,413 sq ft; furnished. Sold Date: 12/28/2020. More details below photos.
MLS #167010 – Silverlode, Smuggler, 295 Silverlode Drive, Aspen, CO; Sold Price: $7,000,000/$1,413 sq ft; furnished. Sold Date: 12/28/2020. Aspen homes for sale. Ask Price: $7,845,000. (Original Price: $7,995,000 and 82 days on the market since 10/07/2020.) This is a 2000 built, 5 bedroom/7.5 ba, 5,301 sq ft single family home with 2 car garage on a 15,390 sq ft lot. Broker comments are “Tremendous value for this elegant Smuggler Mountain estate with breathtaking views from Aspen Mountain to gorgeous sunsets over Mt. Sopris. Situated on the best lot in the luxurious Silverlode subdivision within walking distance to downtown. Ideal floor plan with 5 bedroom suites, gourmet kitchen, large billiards/rec room, nanny quarters, and fabulous outdoor entertaining areas.” 2019 taxes: $15,122. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/07/2020; Sold Date: 12/28/2020. (Photos and broker comments courtesy of Lester Properties)
MLS #159749 – McLain Flats, 260 Star Mesa Drive, Aspen, CO; Sold Price: $6,000,000/$1,607 sq ft; unfurnished. Sold Date: 12/30/2020. More details below photos.
MLS #159749 – McLain Flats, 260 Star Mesa Drive, Aspen, CO; Sold Price: $6,000,000/$1,607 sq ft; unfurnished. Sold Date: 12/30/2020. Aspen homes for sale. Ask Price: $6,500,000. (Original Price: $6,500,000 and 536 days on the market since 06/11/2019.) This is a 1910 built and 1960 remodeled, 4 bedroom/3 bath, 3,732 sq ft single family home with 2 car garage on a 17.6 acres lot. Broker comments are “Overlooking the upper Roaring Fork Valley from its perch on lower Star Mesa Road, a unique opportunity exists in the form of a much older but charming log home and barn on over 17 acres with the utmost potential to become something truly grand. With the Salvation Ditch marking its entire north boundary, the site incorporates flat usable areas on the lower portion and gentle slopes of scrub oak, aspen and pine on the upper portion to provide ease of building. South-facing with expansive and unobstructed views across dedicated open space to Mount Daly, Hayden Peak and all four ski areas, the cabin could transition into a spectacular detached guest house blending the historic west with a new main house and barn incorporating the latest technology, craftsmanship and design attributes. Bring your vision to exploit this rare opportunity to its fullest potential.” 2019 taxes: $7,747. Under Contract Date: 07/21/2020; Sold Date: 12/30/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #167668 – Aspen Club, East Aspen, 1422 Crystal Lake Road, Aspen, CO; Sold Price: $4,100,000/$1,866 sq ft; furnished. Sold Date: 12/28/2020. More details below photos.
MLS #167668 – Aspen Club, East Aspen, 1422 Crystal Lake Road, Aspen, CO; Sold Price: $4,100,000/$1,866 sq ft; furnished. Sold Date: 12/28/2020. Aspen townhomes for sale. Ask Price: $4,350,000. (Original Price: $4,350,000 and 31 days on the market since 11/27/2020.) This is a 1976 built, 3 bedroom/3 bath, 2,197 sq ft townhomes. Broker comments are “Rarely available, beautifully maintained, turn key Aspen Club Townhome. 3 bedrooms all en-suite, 3 wood burning fireplaces, and 3 deck/patios for enjoying the outdoors. Convenient, central location with access to bike paths and walking distance to town. Gas line has been brought to townhome.” 2020 taxes: $7,399l; HOA Dues: $27,536. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/30/2020; Sold Date: 12/28/2020. (Photos and broker comments courtesy of Engel & Volkers)
MLS #165768 – Mountain Valley, East Aspen, 780 Mountain Laurel Drive, Aspen, CO; Sold Price: $3,850,000/$719 sq ft; furnished. Sold Date: 12/31/2020. More details below photos.
MLS #165768 – Mountain Valley, East Aspen, 780 Mountain Laurel Drive, Aspen, CO; Sold Price: $3,850,000/$719 sq ft; furnished. Sold Date: 12/31/2020. Aspen homes for sale. Ask Price: $3,999,000. (Original Price: $4,900,000 and on the market since 07/28/2014.) This is a 1974 built and 1990 remodeled, 7 bedroom/7 bath/1 half-bath, 5,350 sq ft single family home with 2 car garage on a 17,213 sq ft lot. Broker comments are “270 Degree views all the way from Independence Pass to Mount Sopris and beyond. This is the best priced home in Mt Valley and perhaps in all of Aspen. This is an incredible value! Perfect for a family or corporate retreat. Fantastic deck space on 4 levels toward Aspen Mountain. Complete with separate guest quarters. Spectacular 7 bedroom, 7.5 bathroom private home overlooking downtown Aspen. This spacious mountain house features modern amenities encompassing approximately 6,250 square feet spread over 4 floors. Boasting fantastic views and natural lighting throughout. The main level has large windows revealing a panorama of Stillwater Ranch, Ajax Mt. Mt. Sopris, the town of Aspen, Red Butte, and views toward Independence Pass.” 2019 taxes: $9,903; HOA Dues: $100. Under Contract Date: 11/09/2020; Sold Date: 12/31/2020. (Photos and broker comments courtesy of Kruger and Company)
MLS #166898 – Hunter Creek, Condominium, Smuggler, 436 Vine Street 436, Aspen, CO; Sold Price: $855,000/$973 sq ft; unfurnished. Sold Date: 12/22/2020. More details below photos.
MLS #166898 – Hunter Creek, Condominium, Smuggler, 436 Vine Street 436, Aspen, CO; Sold Price: $855,000/$973 sq ft; unfurnished. Sold Date: 12/22/2020. Aspen condos for sale. Ask Price: $895,000. (Original Price: $895,000 and 102 days on the market since 09/11/2020.) This is a 1980 built and 2015 remodeled, 2 bedroom/2 bath, 878 sq ft condo. Broker comments are “Quiet top floor two bedroom with deck and views on the beautiful forest and creek side away from the parking lot. Upgraded kitchen with granite counters, glass cook top, new cabinets, Kohler sink, and tile floor. Wood burning stove. Amenities include tennis, pool, hot tub, and Hunter Creek trail. A great place to live or an excellent investment/rental property.” 2019 taxes: $2,350; HOA Dues: $5,547. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/22/2020; Sold Date: 12/22/2020. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #166898 – Aspen Airport Business Center, West Aspen, 309 AABC Avenue 2, Aspen, CO; Sold Price: $489,000 sq ft. Sold Date: 12/30/2020. More details below photos.
MLS #166898 – Aspen Airport Business Center, West Aspen, 309 AABC Avenue 2, Aspen, CO; Sold Price: $489,000 sq ft. Sold Date: 12/30/2020. Aspen commercial industrias for sale. Ask Price: $499,000. (Original Price: $499,000 and 296 days on the market since 03/09/2020.) This is a 1970 built, 715 sq ft commercial industria. Broker comments are “A beautiful office space that is completely built out- Private Bathroom with shower, custom built in cabinets, kitchen with Sub – Zero refrigerator, sink and microwave. Two assigned parking spaces. Three separate office spaces.” 2019 taxes: $3,391; HOA Dues: $4,047 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/19/2020; Sold Date: 12/30/2020. (Photos and broker comments courtesy of Compass)
MLS #167245 – Wood Run V, Condominium, 91 Village Bound Road 10, Snowmass Village, CO; Sold Price: $1,450,000/$634 sq ft; furnished. Sold Date: 12/23/2020. More details below photos.
MLS #167245 – Wood Run V, Condominium, 91 Village Bound Road 10, Snowmass Village, CO; Sold Price: $1,450,000/$634 sq ft; furnished. Sold Date: 12/23/2020. Snowmass Village townhomes for sale. Ask Price: $1,495,000. (Original Price: $1,495,000 and 61 days on the market since 10/23/2020.) This is a 1981 built, 2 bedroom/3 bath, 2,285 sq ft townhome. Broker comments are “This two-bedroom unit offers the best ski-in-ski-out access in the WoodRun V complex. Located directly next to the complex ski access, you can be clicking into your skis in minutes. The unit offers 2 oversized bedrooms with a separate den area to serve as a third bedroom. This open concept floorplan has vaulted ceilings throughout that produce incredible volume to the unit. You can curl up next to the wood-burning fireplace in the living room after a long day on the slopes. Or enjoy the complex pool and hot tub steps from your front door. The additional convenience of the Snowmass Mall and Base Village is what makes this unit a must see.” 2019 taxes: $3,747; HOA Dues: $24,625. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/03/2020; Sold Date: 12/23/2020. (Photos and broker comments courtesy of Christie’s International Real Estate Aspen Snowmass)
MLS #158316 – Crestwood, Condominium, 400 Wood Road 3102, Snowmass Village, CO; Sold Price: $925,000/$599 sq ft; furnished. Sold Date: 12/29/2020. More details below photos.
MLS #158316 – Crestwood, Condominium, 400 Wood Road 3102, Snowmass Village, CO; Sold Price: $925,000/$599 sq ft; furnished. Sold Date: 12/29/2020. Snowmass Village condos for sale. Ask Price: $925,000. (Original Price: $1,170,000 and 1,433 days on the market since 01/19/2017.) This is a 1970 built and 2015 remodeled, 4 bedroom/4 bath, 1,544 sq ft condo. Broker comments are “This ideal family condominium lives like a townhouse and sleeps up to 10 with plenty of places to spread out. The kids will love the privacy of the large sleeping loft (4th bedroom) with dormers, four twin beds and its own bath . Each well-appointed bedroom has an ensuite bath. The Crestwood sits slopeside with access to and from Assay Hill and Fanny Glacier. Occupants enjoy 3 outdoor hot tubs, a heated pool and a fitness facility complete with sauna and steam room. Located directly across from Base Village plaza which features a new outdoor skating rink / performing arts area and the tallest indoor climbing wall in the state of Colorado. It’s no wonder Crestwood owners have more fun. Owners allowed Pets. Best valued ski-in/out, full amenity 4-bedroom townhouse in all of Aspen & Snowmass.” 2019 taxes: $2,671; HOA Dues: $29,974. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/23/2020; Sold Date: 12/29/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #167204 – Top of Village, Condominium, 855 Carriage Way Slope 309, Snowmass Village, CO; Sold Price: $725,000/$671 sq ft; furnished. Sold Date: 12/30/2020. More details below photos.
MLS #167204 – Top of Village, Condominium, 855 Carriage Way Slope 309, Snowmass Village, CO; Sold Price: $725,000/$671 sq ft; furnished. Sold Date: 12/30/2020. Snowmass Village condos for sale. Ask Price: $720,000. (Original Price: $720,000 and 72 days on the market since 10/19/2020.) This is a 1974 built and 2016 remodeled, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are “Opportunity is knocking again at Top of the Village. This is a great 2-bedroom (with a bunk set in the second bedroom) in the Slope building, located just across the street from the Gatehouse with the pool and hot tub area. Owners have been updating the unit throughout the years including the kitchen and bathrooms. It is currently rated as a ”deluxe” unit, but could easily be upgraded with a few changes to increase the rental revenue.” 2019 taxes: $2,371; HOA Dues: $15,166. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/01/2020; Sold Date: 12/30/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #167612 – Woodbridge, Condominium, 35 Upper Woodbridge Road 29CD, Snowmass Village, CO; Sold Price: $535,000/$584 sq ft; furnished. Sold Date: 12/22/2020. More details below photos.
MLS #167612 – Woodbridge, Condominium, 35 Upper Woodbridge Road 29CD, Snowmass Village, CO; Sold Price: $535,000/$584 sq ft; furnished. Sold Date: 12/22/2020. Snowmass Village condos for sale. Ask Price: $535,000. (Original Price: $535,000 and 34 days on the market since 11/18/2020.) This is a 1973 built, 2 bedroom/2 bath, 916 sq ft condo. Broker comments are “This Condo is priced to sell. New paint and fresh feel make it move in ready. It is a winner that is light and bright with great views, and excellent location near the center of Snowmass Village. Take advantage of the price point and add your own touch while creating instant value. Interested in an investment property? This condo produces great rental income. A must see and easy to show.” 2019 taxes: $1,547; HOA Dues: $11,945. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/28/2020; Sold Date: 12/22/2020. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)
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