May 27 – June 3, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (3)

May 2018 Aspen Real Estate Market Reports – the Estin Report May 2018 Monthly Snapshot was released Tues 6/5/18 in the Current Reports Section.   These detailed statistical market snapshots are released on or about the 1st Monday of the month.

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May 27 – June 3, 2018 Aspen CO real estate market activity, Week 22

Estin Report: Aspen CO and Snowmass CO real estate market 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 in the upper Roaring Fork Valley. Fractional/Timeshare sales are not included. Because the MLS links below expire after 30 days, photos and written descriptions of most closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity. Scroll down the page for property photos and details of weekly sales and under contract / pending. For earlier dates, see the Estin Report blog archives from 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: 139848, 144526, 154331, 149117, 151990, 153123, 153133, 153500. This link is valid until 7/3/2018.

Under Contract/Pending (3): MLS#s: 153287, 153444, 154152. This link is valid until 7/3/2018.

Sold Properties Last Week:

MLS #139848 – Central Core, 905 E Hopkins Avenue, Aspen, CO.. Single Family Home. Sold Price: $13,000,000/$2,665 sq ft; furnished. More details below photos.

MLS #139848 – Central Core, 905 E Hopkins Avenue, Aspen, CO: Sold Price: $13,000,000/$2,665 sq ft; furnished. New Contemporary Downtown Aspen homes for sale. Ask Price: $14,950,000. (Original Price: $14,950,000 and 1,349 days on the market since 07/02/2014.) This is a 2017 built, 4 bedroom/4 bath/1 half-bath, 4,877 sq ft home with 2 car garage on a 6,000 sq ft lot. Tim’s notes: The location is the former site of one of Aspen’s long time more affordable hotel lodges, the Mountain House Lodge, which sold to local developers in April 2015 at $10.1M for the over sized 12,000 sq ft lot . (In spite of efforts by the City to create a lodge-incentive program in order to preserve affordable commercial lodges like this). The lot was later subdivided into (2) 6,000 sq ft lots. Earlier in Dec 2013, a defaulted note for $6.1M on the Lodge had been purchased by a different local developer in a Chapter 11 bankruptcy. East Hopkins St. is a quiet dead-end street leading to the downtown commercial area of town to the west and to the Hopkins Ave Pedestrian bridge to the east.  Broker comments are “Imagine relaxing in your pool while you listen to the bubbling water feature, or lounging on the patio with the fire pit warming a cool Colorado evening, or perhaps dining al fresco with your closest friends and family. All of this and more in downtown Aspen, at your own home on a sunny corner lot with great views of Ajax. Too good to be true? No way. Take a look at this mountain masterpiece that brings the indoors out and the views directly into your living room. Four bedrooms (with a master suite to die for), open living and outdoor spaces fit for a five star boutique hotel. Construction and furnishings are complete.” City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/27/2018; Sold Date: 05/29/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #153500 – Aspen Club Condos, East Aspen, 1422 Crystal Lake, Aspen, CO: Sold Price: $2,750,000/$1,195 sq ft. More details below photos.

MLS #153500 – Aspen Club Condominiums, East Aspen, 1422 Crystal Lake, Aspen, CO: Sold Price: $2,750,000/$1,195 sq ft. Aspen townhouse for sale. Ask Price: $2,900,000. (Original Price: $2,900,000 and 56 days on the market since 04/06/2018.) This is a 1976 built, 3 bedroom/3 bath, 2,300 sq ft townhouse. Broker comments are “This is arguably the best non-riverfront unit in the complex. End unit with many extra windows, patios and decks for indoor-outdoor living. High ceilings, en-suite bathrooms and three fireplaces. Two covered parking spaces. Nestled in the aspen trees and only a few minutes from downtown Aspen. Also on the East Aspen trail system. This unit is livable as-is but has outstanding remodel potential.” 2017 taxes: $5,182; HOA Dues: $7,243 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/17/2018; Sold Date: 06/01/2018. (Photos and broker comments courtesy of Douglas Elliman Real Estate).

MLS #153123 – South Point Condos, Central Core, 205 E Durant Avenue 3-I, Aspen, CO: Sold Price: $2,122,500/$2,165 sq ft; furnished. More details below photos.

MLS #153123 – South Point Condominiums, Central Core, 205 E Durant Avenue 3-I, Aspen, CO: Sold Price: $2,122,500/$2,165 sq ft; furnished. Aspen condo for sale. Ask Price: $2,195,000. (Original Price: $2,195,000 and 78 days on the market since 03/12/2018.) This is a 2 bedroom/2 bath, 980 sq ft condo. Tim’s notes: South Point condos have experienced a sharp rise in values in the past 1-2 years as plans to bring Aspen Mountain’s Lift 1A base closer to Durant Ave. become more of a reality. This is Aspen’s next hot zone where much development activity is occurring and is planned. Broker comments are “Location, Location, Location. Fantastic opportunity to own top floor South Point 2 bed 2 bath air-conditioned condo in the core of Aspen. Easy stroll to all the Aspen action. Fabulous views of Red Mtn, Smuggler Mtn and the sunrise. Remodeled to the studs in 2003. Garage parking, ski locker, storage room. Completed exterior renovation includes new sliding glass doors, windows, decks, railings, siding, new roof and skylights, snowmelt sidewalk/gutters, garage door, lobby area security system and landscaping. The Southpoint complex is one of the most desirable in Aspen. This condo is move in ready. Art work and some personal items are excluded.” 2017 taxes: $3,370; HOA Dues: $5,918 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/02/2018; Sold Date: 05/29/2018. (Photos and broker comments courtesy of Engel & Volkers)

MLS #151990 – Chateau Chaumont Condos, Central Core, 731 E Durant Avenue 2, Aspen, CO: Sold Price: $1,350,000/$1,418 sq ft; furnished. More details below photos.

MLS #151990 – Chateau Chaumont, Central Core, 731 E Durant Avenue 2, Aspen, CO: Sold Price: $1,350,000/$1,418 sq ft; furnished. Aspen condo for sale. Ask Price: $1,395,000. (Original Price: $1,495,000 and 158 days on the market since 12/24/2017.) Tim’s notes: Located less than 1 block to the Aspen Mountain Gondola and adjacent to the new W Hotel presently under construction on the former Sky Hotel site. This is another hot zone where the immediate neighborhood will be transformed as the W gets completed. This is a 1968 built, 2 bedroom/2 bath, 952 sq ft condo. Broker comments are “Exceptional location in the core 1 block from City Market and Gondola. Walking distance anywhere in town. Open living room floor plan with a wood burning fireplace. Nestled on the first floor. Common amenities include a hot tub right outside the front door and an underground parking garage with ski lockers. Wood burning fireplace. A brand new W Hotel will be completed early 2019. The ally way will be updated and pedestrian friendly.” 2016 taxes: $2,346; HOA Dues: $2,362 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/13/2018; Sold Date: 05/31/2018. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #149117 – Alpine Grove Condos, West Aspen – Aspen Airport Business Center AABC, 416 Pacific Avenue 416G, Aspen, CO: Sold Price: $580,000/$798 sq ft; unfurnished. More details below photos.

MLS #149117 – Alpine Grove, West Aspen – Aspen Airport Business Center AABC, 416 Pacific Avenue 416G, Aspen, CO: Sold Price: $580,000/$798 sq ft; unfurnished. Aspen condominiums for sale. Ask Price: $599,600. (Original Price: $749,995 and 353 days on the market since 05/25/2017.) Located across from the Pitkin County Airport, this is a 1973 built, 2 bedroom/1 bath, 726 sq ft condo. Tim’s notes: There are more affordable options outside the Aspen roundabout. The AABC is approximately 3-4 miles out of town, on a bus route and a bike/hike path into town. Roxy’s Market for convenient groceries is nearby but expensive. Broker comments are “Comfortable upper level 2 bedroom, 1 bath condo with private residents only hot tub and pool steps away. Quiet community with easy access to downtown Aspen, the Airport, Rio Grande trail, and neighborhood grocery. Upgraded kitchen and bath with granite counter tops and stainless steel appliances. Washer/dryer in the unit. Large deck and basement storage for all your recreational gear. An amazing HOA community with low association dues. Reserved parking conveniently located in front of the condo. Pet friendly HOA.” 2017 taxes: $816; HOA Dues: $454 per Month. Under Contract Date: 03/27/2018; Sold Date: 05/29/2018. (Photos and broker comments courtesy of Peter Grenney, Broker)

MLS #154331 – Wood Run, 1496 Wood Road, Snowmass Village, CO: Single Family Home, Sold Price: $5,495,000/$1,090 sq ft; furnished. More details below photos.

MLS #154331 – Wood Run, 1496 Wood Road, Snowmass Village, CO: Sold Price: $5,495,000/$1,090 sq ft; furnished. Snowmass Village home for sale. Ask Price: $5,495,000. (Original Price: $5,495,000 and 19 days on the market since 05/12/2018.) This is a 1976 built, 5 bedrooom/5 bath/2 half-bath, 5,040 sq ft home with 3 car garage on a 1.28 acres lot. Broker comments are “Classic ski home lodge right on Adams Ave. abutting National Forest. Oversized lot, one of only 5 lots in Wood Run with 5,500 ft. FAR (allowable Floor Area). Sold before MLS.” 2017 taxes: $17,464. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/12/2018; Sold Date: 05/31/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #153133 – Crestwood, 400 Wood Road #1211, Snowmass Village, CO: Sold Price: $344,000/$718 sq ft; furnished. More details below photos.

MLS #153133 – Crestwood Condos, 400 Wood Road #1211, Snowmass Village, CO: Sold Price: $344,000/$718 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $349,000. (Original Price: $349,000 and 75 days on the market since 03/16/2018.) Ski in Ski out studio apartment. This is a 1970 built and 2000 remodeled, 1 bedrooom/2 bath/1 loft, 479 sq ft condo. Broker comments are “A Crestwood charmer, this one-of-a-kind lofted studio (second level is master bedroom) with two full baths is an economical way to get into Snowmass condominium ownership. Sleep up to 4 in this highly efficient property which enjoys the heated pool, hot tubs and fitness facility on one side and, Fanny Hill and Base Village on the other side. Excellent rental and low assessments.” 2017 taxes: $952; HOA Dues: $8,882 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/19/2018; Sold Date: 05/30/2018. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)

MLS #144526 – Shield O Mesa, Tbd Monastery Cutoff Road, Snowmass, CO: Aspen Area Vacant Land for Sale. Sold Price: $695,000. More details below photos.

MLS #144526 – Shield O Mesa, Tbd Monastery Cutoff Road, Snowmass, CO: Vacant land. Sold Price: $695,000. Old Snowmass lot for sale. Ask Price: $825,000. (Original Price: $825,000 and 1,412 days on the market since 05/28/2014.) This is a 37 acres single family vacant lot. Broker comments are “Perched atop Shield O Mesa, enjoy 37 acres with endless, top of the world views. With plenty of sunshine this lot allows you to explore solar and other eco-friendly healthy living opportunities. Easy access to property.” 2014 taxes: $7,429; HOA Dues: $700 per Yr. Under Contract Date: 04/06/2018; Sold Date: 05/31/2018. (Photos and broker comments courtesy of Compass).

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