Oct 8 – 15, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (9)
The Estin Report: Sep 2017 Aspen Real Estate Monthly Snapshot has been posted in Current Reports.The Snapshots are usually posted on or near the 1st Monday of the month.
Sep 2017 Bottom Line
“We are on a remarkably similar path to 2015, the biggest year since the Great Recession.
– Through Sep 2017 YTD, total Aspen and SMV combined dollar sales have exceeded Sep 2015 YTD by 4.3%, $1.165B vs $1.117B.
– Unit sales are also similar: (327) in 2017 YTD vs (331) in 2015 YTD.
– And luxury sales of properties over $10M are tracking 2015: there have been (21) in 2017 YTD vs (23) in 2015 YTD.
Listing Inventory for…“ Read more
Added to Sep 2017 Snapshot Summary:
Deep Dive: Sales by Location (Pgs 7 & 9 of Snapshot)
– Aspen: Sales by Neighborhoods
– Snowmass Village: Sales by Neighborhoods
The Estin Report: Mid-Year 2017 State of Aspen Real Estate
was released in the summer 2017 in Current Reports. The 32-Page report is available on-line as PDF and in a print edition in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.
“Flip Job” Examples: See recent Before/After Redevelopment in the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (07/4/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 42, Oct 8 – 15, 2017
Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity. Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. 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 151220, 142830, 143847, 144011, 144413, 148870, 149766, 150149, 150295, 150394, 150402. This link is valid until 11/14/2017.
Under Contract/Pending (6): MLS#s 144099, 145025, 147458, 147936, 151040, 151134. This link is valid until 11/14/2017.
Aspen Snowmass Solds Last Week:
MLS #151220 – Second Aspen Company Subdivision, West End, 845 Roaring Fork Road, Aspen, CO. Sold Price: $11,600,000/$3,608 sq ft. More details below photo.
NO PHOTO AT PRESENT
MLS #151220 – Second Aspen Company, West End, 845 Roaring Fork Road, Aspen, CO. Sold Price: $11,600,000/$3,608 sq ft. Aspen single family home for sale. Ask Price: $11,600,000. This is a 1977 built/2010 remodeled, 5 bedroom/4 bath/1 half-bath, 3,215 sq ft single family home with 2 car garage on a 26,942 sq ft lot. There was another neighborhood sale (posted in the July 16 – 23, 2017 blog) at 805 Roaring Fork Rd a 1983 built and 1997 remodeled, 4 bedroom/3 bath/1 half-bath, 4,170 sq ft single family home with 2 car garage on a 19,729 sq ft lot (almost 1/2 acre). The Roaring Fork Rd neighborhood is a well-known cul de sac of approximately (22) properties largely held by two prominent families. Broker comments are “Sold before MLS.” 2016 taxes: $12,912. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/07/2017; Sold Date: 10/03/2017. (Photos and broker comments courtesy of Compass)
MLS #144413 – Hallam Addition, West End, 625 Gillespie Street, Aspen, CO. Sold Price: $6,250,000/$1,298 sq ft; unfurnished. More details below photos.
MLS #144413 – Hallam Addition, West End, 625 Gillespie Street, Aspen, CO. Sold Price: $6,250,000/$1,298 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $6,995,000. (Original Price: $7,500,000 and on the market since 11/19/14.) This is a 2007 built, 4 bedroom/4 bath/2 half-bath, 4,813 sq ft single family home with 2 car garage on a 4,890 sq ft lot. The property has been on the market for almost 3 years and was a difficult sell. Reasons? While neighborhood is one of the best, the house layout is awkward and the design uniquely challenging. The ground floor entry level contains awkward miscelaneous rooms without much defintition (e.g. is it a library or a living room adjacent to the front door? There’s an outdoor screened in dining patio on the ground level but the kitchen is upstairs.) and the sub-grade bedroom spaces are chopped up and almost undefinable (publisher comments). Broker comments are “Just steps from the Aspen Institute and the Music Tent, this home exemplifies what West End living is all about. Nestled in this highly desirable neighborhood, downtown is just a leisurely stroll or bike ride away. Complemented by the location is an inviting contemporary home boasting elegant style, clean lines, generous windows, quality finishes and views toward Aspen and Red Mountain. Three levels accessed by elevator or stairs open into a great room, well-appointed kitchen and master on the upper level, while the entry level provides family room space, an office, guest master suite and screened seasonal patio. The lower level offers two additional bedroom suites, media room with wet bar, wine room, and exercise room. A detached two car garage is easily accessible by snow-melted walkway and offers plenty of storage space and a dog wash. Bring your imagination and ideas to make this home the perfect Aspen retreat. Unfurnished and in “like new” condition.” 2015 taxes: $16,574. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/14/2017; Sold Date: 10/12/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #149766 – Alpenblick Townhome Condo, Central Core, 711 S Galena Street 19, Aspen, CO. Sold Price: $2,620,000/$1,570 sq ft; furnished. More details below photos.
MLS #149766 – Alpenblick, Central Core, 711 S Galena Street 19, Aspen, CO. Sold Price: $2,620,000/$1,570 sq ft; furnished. Aspen condo for sale. Ask Price: $2,699,000. (Original Price: $2,699,000 and 105 days on the market since 06/01/2017.) This is a 1965 built and 2006 remodeled, 4 bedroom/4 bath/1 half-bath, 1,668 sq ft condo. Broker comments are “Location, location, location. Just one block from the gondola, this well maintained, tastefully remodeled 4 bed 4.5 bath is the one of the lowest priced 4 bedroom units in the core. With air conditioning, a large attic for storage, exterior ski locker, furnishings, kitchen and decor items included, common parking, pool, hot tub and excellent rental potential this unit is not to be missed.” 2016 taxes: $5,887; HOA: $3,988 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/22/2017; Sold Date: 10/13/2017. (Photos and broker comments courtesy of McKinley Sales)
MLS #150149 – Merry Condos, West Aspen, 950 Cemetery Lane 1, Aspen, CO. Sold Price: $2,300,000/$999 sq ft; furnished. More details below photos.
MLS #150149 – Merry Condos, West Aspen, 950 Cemetery Lane 1, Aspen, CO. Sold Price: $2,300,000/$999 sq ft; furnished. Aspen duplex/half-duplex for sale. Ask Price: $2,500,000. (Original Price: $2,500,000 and 86 days on the market since 07/16/2017.) This is a 1975 built and 2004 remodeled, 3 bedroom/3 bath/1 half-bath, 2,301 sq ft duplex/half-duplex with 2 car garage on a 2,025 sq ft lot. Broker comments are “Very comfortable 3 bedroom, 3.5 bath home with one level living area featuring 2 entertaining areas, kitchen, dining and master suite with its own washer/dryer. Lower level offers 2 en suite bedrooms supported by a family room. 2 car, carport with built in storage closets.” 2017 taxes: $2,114. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/22/2017; Sold Date: 10/10/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #144011 – West Buttermilk, West Aspen, 860 W Buttermilk Road, Aspen, CO. Sold Price: $2,055,900/$364 sq ft; unfurnished. More details below photos.
MLS #144011 – West Buttermilk, West Aspen, 860 W Buttermilk Road, Aspen, CO. Sold Price: $2,055,900/$364 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $2,500,000. (Original Price: $3,475,000 and 511 days on the market since 05/10/2016.) This is a 1976 built and 1992 remodeled, 4 bedroom/4 bath, 5,638 sq ft single family home with 2 car garage on a 5.08 acres lot. Broker comments are “Highly desirable West Buttermilk neighborhood with so many possibilities. Live in the vintage 70’s home, with indoor lap pool, while you design your new dream home. Property allows for up to 15,000 square feet with sufficient TDR’s. Or, remodel the existing home and add your own modern touch. Stunning panoramic views from Shadow Mountain to Owl Creek.” 2016 taxes: $11,685. Under Contract Date: 09/16/2017; Sold Date: 10/11/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Carbondale)
MLS #150402 – Chateau Chaumont, Central Core, 731 E Durant Avenue 2, Aspen, CO. Sold Price: $986,000/$1,037 sq ft; unfurnished. More details below photos.
MLS #150402 – Chateau Chaumont, Central Core, 731 E Durant Avenue 2, Aspen, CO. Sold Price: $986,000/$1,037 sq ft; unfurnished. Aspen condo for sale. Ask Price: $986,000. (Original Price: $986,000 and 65 days on the market since 08/06/2017.) This is a 1968 built, 2 bedroom/2 bath, 950 sq ft condo with 1 car garage. Broker comments are “Great, walk everywhere, location at the base of Aspen Mountain. Cozy 2 bedroom, 2 bath, main floor condo. Open living room/kitchen with wood burning fireplace. Common amenities include hot tub area and one space in the common, underground parking.” 2016 taxes: $2,346; HOA: $2,362 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/25/2017; Sold Date: 10/10/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Basalt)
MLS #150295 – Pines at Owl Creek, 80 Spruce Ridge Lane, Snowmass Village, CO: Sold Price: $6,895,000/$1,261 sq ft; furnished. More details below photos.
MLS #150295 – Pines at Owl Creek, 80 Spruce Ridge Lane, Snowmass Village, CO: Sold Price: $6,895,000/$1,261 sq ft; furnished. Snowmass Village single family home for sale. Ask Price: $6,995,000. (Original Price: $6,995,000 and 65 days on the market since 08/02/2017.) This is a 2003 built, 5 bedroom/5 bath/2 half-bath, 5,465 sq ft single family home with 2 car garage on 1.7 acres lot. Broker comments are “This is a luxurious ski in and out home, located in one of Snowmass’ premier neighborhoods that allows easy access to the Snowmass Club and Aspen via Owl Creek Road. Highest quality and sophisticated design features, as well as a brilliant floor plan are evident the moment you step inside. This special home is impeccably maintained and includes all of the latest systems, such as Crestron lighting, Sonos sound, and humidification throughout. Wall to wall windows and the vaulted beamed ceilings create a feeling that you are absolutely a part of the peaceful natural surroundings. The master wing, with floor to ceiling windows includes a seating area and fireplace with private den, wet bar and an elegant and tastefully designed bath and closet. All open onto a private stone deck. For 3D Matterport Walk-Through, please copy and paste the link below: https://my.matterport.com/show/?m=uLC3hS32fGe&mls=1” 2016 Taxes: $29,271; HOA Dues: $6,290 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/07/2017; Sold Date: 10/06/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #150394 – Wood Run, 112 Forest Lane, Snowmass Village, CO: Sold Price: $4,900,000/$1,281 sq ft; partial-furnished. More details below photos.
MLS #150394 – Wood Run, 112 Forest Lane, Snowmass Village, CO: Sold Price: $4,900,000/$1,281 sq ft; partial-furnished. Snowmass Village single family home for sale. Ask Price: $5,695,000. (Original Price: $5,695,000 and 68 days on the market since 08/04/2017.) This is a 1977 built and 2002 remodeled, 5 bedroom/5 bath/1 half-bath, 3,825 sq ft single family home with 2 car garage on a 22,376 sq ft lot. Broker comments are “Wonderful family ski house completely redone with the finest materials. Views of Alpine Springs and Snowmass Ski area, outdoor hot tub, water feature with pond, snowmelt patio/decks/driveway, and a bunk room with 6 built-in beds and a bath that consists of 2 sinks, 2 toilets, 2 showers. Second separate family room, large open living/dining/kitchen, motorized drapes, and humidification system … a pleasure to show.” 2016 Taxes: $14,080; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/09/2017; Sold Date: 10/11/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #143847 – Hayden Lodge, 120 Carriage Way 2206, Snowmass Village, CO: Sold Price: $2,100,000/$1,415 sq ft; furnished. More details below photos.
MLS #143847 – Hayden Lodge, 120 Carriage Way 2206, Snowmass Village, CO: Sold Price: $2,100,000/$1,415 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $2,300,000. (Original Price: $2,350,000 and 899 days on the market since 11/03/2014.) This is a 2007 built, 3 bedroom/3 bath, 1,484 sq ft condo with 2 car garage. Broker comments are “Ski in and out at its finest at Hayden Lodge at the base of Snowmass Mountain. Enjoy the ease of taking the elevator down, dropping off the kids at ski school and having a relaxing carefree morning of getting ready for incredible skiing right out your door! This 3 bedroom, 3 bath, overlooking Fanny Hill is convenient to everything Snowmass Village has to offer! Amenities include ski lockers, front desk, and hot tub.” 2014 Taxes: $9,564; HOA Dues: $4,650 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/09/2017; Sold Date: 10/09/2017. (Photos and broker comments courtesy of Compass)
MLS #142830 – Ridge, 770 Ridge Road Unit: 5, Snowmass Village, CO: Sold Price: $1,500,000/$699 sq ft; furnished. More details below photos.
MLS #142830 – Ridge, 770 Ridge Road Unit: 5, Snowmass Village, CO: Sold Price: $1,500,000/$699 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $1,750,000. (Original Price: $1,850,000 and 598 days on the market since 02/22/2016.) This is a 1982 built and 2001 remodeled, 3 bedroom/3 bath, 2,144 sq ft condo with 1 car garage. Broker comments are “Rarely available beautiful and spacious three bedroom, three bath townhome located in the most desirable area of the Ridge Condominiums with spectacular views of Mount Daly and the Snowmass Ski Area. This tastefully remodeled townhome has plenty of room to stretch out inside and out with large rooms, vaulted ceilings and multiple outside decks. Well designed kitchen, dining and living area. Elegant master suite, also with stunning mountain views. Two guest suites for family and guests. Extras include two steam rooms, whirlpool tub in master suite. Easy access to skiing right out your door. Adjacent to the pool and Jacuzzi for a nice soak after a full day of skiing or mountain fun. Covered parking, extra guest parking and lots of storage. Don’t miss this one!” 2016 Taxes: $5,446; HOA Dues: $3,210 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/13/2017; Sold Date: 10/12/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #148870 – Capitol Peak, 90 Carriage Way Capitol Peak B Unit #3413, Snowmass Village, CO: Sold Price: $450,000/$631 sq ft; furnished. More details below photos.
MLS #148870 – Capitol Peak, 90 Carriage Way Capitol Peak B Unit #3413, Snowmass Village, CO: Sold Price: $450,000/$631 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $499,000. (Original Price: $499,000 and 1,033 days on the market since 11/28/2014.) This is a 2008 built, 1 bedroom/1 bath, 713 sq ft condo with 1 car garage. Broker comments are “Corner Residence within the Capitol B Building. Enjoy views, privacy and a great floor plan. Ideal rental income, great ski access, private parking, owner storage, and easy access to all of the Base Village amenities. HOA Fees are broken down into: Capitol Peak Lodge Condo Assn: $2083.83 per quarter Base Village Company Inc: $534.75 per quarter. Metro District Transfer Tax is 2%.” 2016 Taxes: $4,079; HOA Dues: $2,618 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/02/2017; Sold Date: 10/09/2017. (Photos and broker comments courtesy of Alpine Real Estate, Inc)
Recent Estin Report tweets on Aspen Real Estate
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Disclaimer: The statements made in the Estin Report represent the opinions of the author and they should not be relied upon exclusively to make real estate decisions. Information concerning particular real estate opportunities can be requested from Aspen real estate broker agent Tim Estin at 970.309.6163 or by email. A potential buyer is advised to make an independent investigation of the market and of each property before deciding to purchase. Your opinions may be different. To the extent the statements made herein report facts or conclusions drawn from other sources, the information is believed by the author to be reliable. However, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein and the information provided is subject to change. The Estin Report is copyrighted 2017 and all rights are reserved. Use is permitted subject to the following attribution with an active link to the source: “The Estin Report by broker Tim Estin MBA, GRI on Aspen real estate.“
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