Aspen Real Estate Market  Last Week’s Sales:  Dec 22 – 29, 19 – Week 51

Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (5) + Under Contract / Pending (3). [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.]

Sept 2019 YTD Aspen Real Estate Market Report Snapshot is posted in Current Reports . The Oct & Nov YTD Snapshots 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 22 – 29, 2019 Aspen CO real estate market activity, Week 51

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 (5):  MLS#s: 160408,141837,158672,150505,162088.  This link is valid until 1/28/2020.

Under Contract/Pending (3): MLS#s: 160242,161936,162532.  This link is valid until 1/28/2020.

Sold Properties Last Week:

MLS #150505 – Snowmass Creek, 6458 Snowmass Creek Road, Snowmass, CO: Sold Price: $6,750,000/$2,195 sq ft; partially furnished. Sold Date: 12/26/2019. More details below photos.

MLS #150505 – Snowmass Creek, 6458 Snowmass Creek Road, Snowmass, CO: Sold Price: $6,750,000/$2,195 sq ft; partially furnished. Sold Date: 12/26/2019. Old Snowmass homes for sale. Ask Price: $8,750,000. (Original Price: $9,495,000 and 828 days on the market since 08/10/2017.) This is a 1936 built and 2000 remodeled, 4 bedroom/4 bath/1 bonus room/1 loft, 3,075 sq ft single family home with 3 car garage on a 33.07 acres lot.  Tim’s notes: This is arguably the most beautiful river frontage property between Aspen and Basalt. The ranch is situated in the middle of a wide river view plane so one can experience it upstream, across stream and down stream. It is bordered by huge mature shady cottonwoods. It’s a gorgeous property and is the perfect antidote to hot Texas summers. Broker comments are “The Rockin’ M Ranch is a beautiful, quiet and serene 33+ acre property located on the banks of Snowmass Creek. The nearly 100 years of history is well preserved in the elegant 4 bedroom, 4 bath log home which is remodeled to perfection. It is lavishly furnished and ready to move in and enjoy. The sights and sounds of the rushing Snowmass Creek which meanders throughout the property can be enjoyed from every room in the house. Flower gardens and terraces surround the house. The Rockin’ M Ranch showcases mother nature at its finest with grand views, abundant sunshine, lush rolling lawns, a picnic park on the creek, two ponds ready for canoes, trails though the forest, a playground park across the private bridge over the creek. and fly fishing on both sides of the creek. The upper and lower pastures are irrigated and perfect for hay and horses. The attractive barn has everything for your horses and also a 700 sq. ft caretaker apartment. The long front porch on the barn is ideal for relaxing, entertaining, and enjoying the creek and views. There is plenty of room for your family and friends to gather and create memories in the midst of one of most beautiful valleys in Colorado. Total Square Foot remaining available is 3,692 with possibility of adding more square footage.” 2018 taxes: $18,253. Under Contract Date: 08/29/2019; Sold Date: 12/26/2019. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV).

MLS #141837 – South Aspen Street, Central Core, 755 S Aspen Street Unit C, Aspen, CO: Sold Price: $14,444,012/$2,485 sq ft; unfurnished. Sold Date: 12/23/2019. More details below photos.

MLS #141837 – South Aspen Street, One Aspen Townhomes, Central Core, 755 S Aspen Street Unit C, Aspen, CO: Sold Price: $14,444,012/$2,485 sq ft; unfurnished. Sold Date: 12/23/2019. Aspen townhomes for sale. Ask Price: $17,000,000. (Original Price: $16,200,000 and 1,483 days on the market since 12/01/2015.) This is a 2017 built, 3 bedroom/4 bath/1 half-bath, 5,811 sq ft townhomes with 2 car garage on a 42,469 sq ft lot. Broker comments are “Where it all began. Located at the base of Aspen Mountain and adjacent to the prized Lift 1A, One Aspen is a highly anticipated offering and the last of its kind. The collection of fourteen mountainside residences is as close to recreation paradise as it is to the downtown heartbeat. And with its modern lines, spacious layouts, and coveted outdoor living spaces, it might just be the best Aspen address yet.” HOA Dues: $17,595. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/04/2017; Sold Date: 12/23/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #160408 – Smuggler Mobile Park, 303 Oak Lane, Aspen, CO: Sold Price: $1,425,000/$475 sq ft. Sold Date: 12/23/2019. More details below photos.

MLS #160408 – Smuggler Mobile Park, 303 Oak Lane, Aspen, CO: Sold Price: $1,425,000/$475 sq ft. Sold Date: 12/23/2019. Aspen homes for sale. Ask Price: $1,599,000. (Original Price: $1,699,000 and 164 days on the market since 07/12/2019.) Tim’s notes:  Smuggler Park is a mobile home park located at the edge of Aspen’s downtown core. It is within walking distance to town and public transportation services the area with a regular near 24/7 schedule. Buyers own the beneath them, typically a 300′ x 100′ lot (3,000 sq ft) that will accommodate a standard sized mobile home. Owners can also build their own homes with the opportunity to build sub-grade adding mostly “free” space that does not count towards the allowable FAR (Floor Area Ratio) by lot size permitted per zoning. “Free” garage space can also be built.   Smuggler is the least expensive entry point into the Aspen single family home market but it is to fulfill residency requirements per APCHA (see resale agreement Aspen Pitkin County Housing Authority). This is a 2002 built, 5 bedroom/4 bath, 3,000 sq ft single family home on a 3,058 sq ft lot. Broker comments are “This sunny south facing home has lovely views of Aspen Mountain. Vaulted ceiling in living room, dining and kitchen. Spacious master with steam shower, hot tub and walkout patio. Finished basement with radiant heat. Just a few steps to the free bus. Trail systems nearby. Buyer to be a Pitkin County resident and home to be primary residence.” 2018 taxes: $2,297; HOA Dues: $3,600. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/12/2019; Sold Date: 12/23/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty – Durant)

MLS #158672 – West Aspen (Cemetery Lane area), 1530 Silver King Drive, Aspen, CO: Sold Price: $3,625,000/$1,170 sq ft; partially furnished. Sold Date: 12/24/2019. More details below photos.

MLS #158672 – West Aspen, 1530 Silver King Drive, Aspen, CO: Sold Price: $3,625,000/$1,170 sq ft; partially furnished. Sold Date: 12/24/2019. Aspen duplex/half-duplex for sale. Ask Price: $3,840,000. (Original Price: $3,840,000 and 636 days on the market since 11/30/2017.) This is a 2000 built, 4 bedroom/4 bath/1 half-bath, 3,097 sq ft duplex/half-duplex with 2 car garage. Broker comments are “Nestled at the base if Red Butte, this West Aspen duplex is private and has convenient access to the Aspen golf course, Aspen trails and a 5 minute drive to downtown Aspen. Multiple outside decks allow the experience of viewing Pyramid Peak and the ski areas. There are four bedrooms and 4.5 baths on three levels with reclaimed wood beams throughout. The roof was replaced and air conditioning was added in 2017.” 2019 taxes: $7,767. Under Contract Date: 11/16/2019; Sold Date: 12/24/2019. (Photos and broker comments courtesy of Raczak Real Estate CO Inc.)

MLS #162088 – Aspen Alps Condominuims, Central Core, 700 Ute Avenue 305, Aspen, CO: Sold Price: $1,288,000/$1,062 sq ft; furnished. Sold Date: 12/26/2019. More details below photos.

MLS #162088 – Aspen Alps Condos, Central Core, 700 Ute Avenue 305, Aspen, CO: Sold Price: $1,288,000/$1,062 sq ft; furnished. Sold Date: 12/26/2019. Aspen condos for sale. Ask Price: $1,395,000. (Original Price: $1,395,000 and 44 days on the market since 11/12/2019.) This is a 1963 built, 2 bedroom/3 bath, 1,212 sq ft condo. Broker comments are “Asking price is for the existing unit: $1,395,000 (Sold As Is). Future opportunity to own a brand new 2 bedroom, 2.5 bath, 1500sf unit at the coveted Aspen Alps, subject to final approvals. Plans are being prepared to tear down the 300 bldg and rebuild it to the highest standards. (Tim’s notes: See a beautiful Aspen Alps “Alpine modern” remodel done in 2014 and Aspen Alps unit location map). This unit will feature 9ft floor to ceiling windows to capture the expansive views. It is rare to find a newly built Aspen core condo with ski in/ski out access. Incredible fitness club/spa on site. The existing 2br, 3ba, 1200sf unit can be rented out prior to construction. Information provided herein has not been verified nor finalized. Potential buyers to conduct their own due diligence.” 2019 taxes: $2,277; HOA Dues: $28,410. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/26/2019; Sold Date: 12/26/2019. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant).

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