The Estin Report: March and YTD 2015 Aspen Snowmass Real Estate Market Snapshot was released early April 4, 2015 inCurrent Reports

The Estin Report: The 4th Quarter and Year 2014 State of the Aspen Real Estate Market was released online Feb 7th inCurrent Reports.The print edition is available in racks around town and at Sotheby’s offices at 415 Hyman St Mall and 300 Spring Street (my office) opposite the new Aspen Art Museum.

See recent Before/After redevelopment ‘flip job’ examplesin prior 02/01/15 post. These are properties that have been recently or are currently being redeveloped for re-sale. This postis being updated as additional re-sale properties come on the market at significantly higher prices.

Last week’s Aspen and Snowmass sales activity appears below. Scroll down the page for 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 search the blog archives by year and date to 2008. Or useSearchEstinAspenin the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen, the information should be here.

Market Activity Week 17, April 19 – 26, 2015

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass 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.

Closed (8):MLS #’s:135736,137788,132947,134860,135909,136163,136949,137092. This link is valid until 05/26/2015.

Under Contract/Pending (8):MLS#’s:137619,137805,129077,133200,138414,137998,138585,138658. This link is valid until05/26/2015.

April 13 – April 17, 2015Pitkin County Recorded Real Estate Transactions, ADN

Aspen Snowmass Solds Last Week:

MLS #136163 – Red Mtn Ranch, Red Mountain, 768 Hunter Creek Road, Aspen, CO: Sold Price: $17,250,000/$2,048 sq ft; unfurnished. More details below photos.

MLS #136163 – Red Mtn Ranch, Red Mountain, 768 Hunter Creek Road, Aspen, CO: Sold Price: $17,250,000/$2,048 sq ft; unfurnished; Asking Price: $4,495,000. (Original Price: $19,500,000 and 232 days on the market since 08/31/2014. The property last transacted at $15,000,000 on 01/08/2013.) This is a 2010 built and 2014 remodeled, 6 bedroom/6 bath/1 half-bath, 8,422 sq ft single family home with 2 car garage on a 33,591 sq ft lot. Broker comments are “Contemporary home perched at the top of Red Mountain, Aspen’s most coveted neighborhood. Captivating views from Independence Pass to Snowmass, including direct views of Aspen mountain.” 2013 Taxes: $29,244; HOA Dues: TBD. Under Contract Date: 12/24/2014; Sold Date: 04/20/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #135736 – Red Butte Subd, West Aspen, 1470 Red Butte Drive, Aspen, CO – riverfront home: Sold Price: $11,400,000/$1,688 sq ft; partial furnished. More details below photos.

MLS #135736 – Red Butte Subdivision, West Aspen, 1470 Red Butte Drive, Aspen, CO: Sold Price: $11,400,000/$1,688 sq ft; partial furnished; Asking Price: $12,245,000. (Original Price: $12,245,000 and 264 days on the market since 07/31/2014.) This is a 2004 built, 5 bedroom/6 bath/1 half-bath, 6,751 sq ft single family home with 3 car garage on a 30,492 sq ft riverfront lot. Broker comments are “A wonderful setting on the river…take in the sight and sounds of the Roaring Fork River from your living room. Designed by John Galambos and situated perfectly on the water surrounded by tall pines, this 6,751 sq ft home features top of the line appliances and designer furnishings. It offers 5 en suite bedrooms plus 2 powder rooms, a gym, an office, and a 3 car garage. The indoor/outdoor experience of the river setting can be enjoyed throughout the home. This property has also the convenience of the Rio Grande trail, whether biking to town or Woody Creek Tavern for lunch. Don’t miss this unique opportunity to be on the river in and still have the ease of being in Aspen.” 2013 Taxes: $10,862. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/20/2015; Sold Date: 04/21/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #137788 – Silverstream, Central Core, 926 E Durant Avenue Unit 1, Aspen, CO: Sold Price: $5,900,000/$2,281 sq ft; unfurnished. More details below photos.

MLS #137788 – Silverstream, Central Core, 926 E Durant Avenue Unit 1, Aspen, CO: Sold Price: $5,900,000/$2,281 sq ft; unfurnished; Asking Price: $5,995,000. (Original Price: $5,995,000 and 54 days on the market since 02/21/2015. See recent Before/After redevelopment ‘flip job’ examples in Misc Info: This 3-level townhome/condo was purchased on 01/15/15 for $3.8M, then remodeled within 5 weeks, and resold now at $2,165 sq ft, +50% in 2 months.) This is a 1998 built and 2015 remodeled, 3 bedroom/1 bath/1 half-bath, 2,586 sq ft townhouse with 2 car garage. Broker comments are “Completely renovated in 2015 by renowned designer using a fresh pallet of mountain chic, organic textures of stone and wood, mixed with the finest finishes. Contemporary light-filled great room with vaulted ceilings, stunning fireplace and spectacular views of Aspen Mountain, gondola, Red Mountain and Smuggler. Located on a peaceful cul-de-sac in Aspen’s central core with 2 south-facing balconies and an abundance of natural light, this 3-level, end town home is truly a cut above all others. Enormous master suite with fireplace and double walk-in closets encompassing the entire second level plus 2 spacious above-grade guest bedrooms on the entry level. Property is for sale fully furnished including art for $6,250,000.” 2014 Taxes: $6,754; HOA Dues: $2,814. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/12/2015; Sold Date: 04/16/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #136949 – Chateau Chaumont, Central Core, 731 E Durant Avenue #11, Aspen, CO: Sold Price: $1,025,000/$1,002 sq ft; furnished. More details below photos.

MLS #136949 – Chateau Chaumont, Central Core, 731 E Durant Avenue #11, Aspen, CO: Sold Price: $1,025,000/$1,002 sq ft; furnished; Asking Price: $1,095,000. (Original Price: $1,095,000 and 126 days on the market since 12/10/2014.) This is a 1968 built and 2000 remodeled, 2 bedroom/2 bath, 1,022 sq ft condo. Broker comments are “Partially remodeled second floor middle of the building unit with the best floor plan and space. Living room faces south and bedrooms north. Kitchen remodeled and baths have new tile. Great rental unit. Low assessments.” 2013 Taxes: $2,254; HOA Dues: $2,250. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/14/2014; Sold Date: 04/15/2015. (Photos and broker comments courtesy of Frias Properties of Aspen)

MLS #137092 – Ute Condos, Central Core, 1020 E Durant Avenue 102, Aspen, CO: Sold Price: $585,000/$1,010 sq ft; furnished. More details below photos.

MLS #137092 – Ute Condos, Central Core, 1020 E Durant Avenue 102, Aspen, CO: Sold Price: $585,000/$1,010 sq ft; furnished; Asking Price: $585,000. (Original Price: $585,000 and 115 days on the market since 12/20/2014.) This is a 1970 built and 2005 remodeled, 1 bedroom/2 bath, 579 sq ft condo. Broker comments are “This condo is a Hidden Gem. Tucked away in a quiet corner of the small complex, It is totally turnkey. It has a nice view of Aspen Mountain. Rare two bathrooms. Beautiful furnishings and accessories. In-floor heating. Sleeps four. Full kitchen with gas range. Covered assigned off-street parking with large storage cabinet. Parking lot pavement is heated for snow/ice removal. The building is in a quiet, end of street location. A short walk two blocks to City Market, three to gondola. This is a must see for any buyer in the market for a one bedroom condo. Owner wants to sell!” 2013 Taxes: $1,096; HOA Dues: $1,601. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/10/2015; Sold Date: 04/14/2015. (Photos and broker comments courtesy of Absolute Aspen Realty)

MLS #132947 – Ridge Run, Snowmass, 1970 Faraway Road, Snowmass Village, CO: Sold Price: $5,820,000/$1,175 sq ft; partial furnished. More details below photos.

MLS #132947 – Ridge Run, Snowmass, 1970 Faraway Road, Snowmass Village, CO: Sold Price: $5,820,000/$1,175 sq ft; partial furnished; Asking Price: $6,295,000. (Original Price: $6,295,000 and 434 days on the market since 02/14/2014.) This is a 2006 built and 2013 remodeled, 5 bedroom/5 bath/2 half-bath, 4,950 sq ft single family home with 3 car garage on a 32,257 sq ft lot. Broker comments are “This beautifully redesigned contemporary home enjoys easy ski in/ski out access via West Fork ski run. Newly furnished in 2013, and a remodel by T. Michael Manchester. Includes a high tech media room, grand entry with over-sized double entry doors, commercial quality kitchen with Viking appliances, steam showers in the master and guest master baths, walnut floors, venetian plaster walls, beautiful granite and stone throughout. Views extend across the valley and privacy atop Faraway.” 2013 Taxes: $14,817; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/27/2015; Sold Date: 04/24/2015.(Photos and broker comments courtesy of Alpine Real Estate, Inc)

MLS #134860 – Horse Ranch, Snowmass, 169 Branding Lane, Snowmass Village, CO: Sold Price: $2,100,000/$715 sq ft; partial furnished. More details below photos.

MLS #134860 – Horse Ranch, Snowmass, 169 Branding Lane, Snowmass Village, CO: Sold Price: $2,100,000/$715 sq ft; partial furnished; Asking Price: $2,295,000. (Original Price: $2,295,000 and 320 days on the market since 06/05/2014.) This is a 1994 built, 3 bedroom/3 bath/1 half-bath, 2,935 sq ft single family home with 2 car garage on a 25,282 sq ft lot. Broker comments are “Situated on over a half-acre lot in Horse Ranch, this charming three-bedroom, three and one-half bath plus office home is immaculate and has an ideal floor plan for family and guests. Spacious great room offers an abundance of natural light, hand crafted details including a beautiful high cathedral ceiling with skylights, hardwood floors and french doors leading to outdoor living areas. The Aspen School District and Snowmass Ski Shuttle Bus are just steps from the front door, The Snowmass Club and Snowmass Recreation Center are right around the corner, and you’re a quick shuttle ride to word-class skiing.” 2014 Taxes: $5,787; HOA Dues: $190. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/18/2015; Sold Date: 04/21/2015.(Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #135909 – Ridge, Snowmass, 229 Faraway Road #36, Snowmass Village, CO: Sold Price: $750,000/$464 sq ft. More details below photos.

MLS #135909 – Ridge, Snowmass, 229 Faraway Road #36, Snowmass Village, CO: Sold Price: $750,000/$464 sq ft. Asking Price: $795,000. (Original Price: $830,000 and 235 days on the market since 08/28/2014.) This is a 1985 built, 2 bedroom/2 bath, 1,614 sq ft condo. Broker comments are “Come and live the “Snowmass Lifestyle”. This top corner unit has spectacular views of Snowmass Ski Mountain, Mt. Daly, Brush Creek Valley, and the back yard is a nature preserve. This prestigious ski access location on Faraway Road is just minutes from three signature clubs; The Snowmass Club, The Timbers Social Club, and the Viceroy. The Very Viceroy “VV” membership will be included with your new purchase. Enjoy this spacious 2 bedroom / 2 bathroom apartment, unbelievable outdoor deck, complete with vaulted ceilings, gas fireplace, steam shower, and Jacuzzi master tub. The Ridge completed a gorgeous exterior remodel in 2008 along with the addition of two rooms that are decorator ready for your personal creative touch.” 2013 Taxes: $2,815; HOA Dues: $3,276. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/20/2015; Sold Date: 04/20/2015.(Photos and broker comments courtesy of Snowmass Select Properties)

Tim Estin welcomes your business, inquiries and comments. Call him at970.309.6163or email him from theContact Page. Subscribe to The Estin Report and blog on twitter@EstinAspenby clicking “Join the conversation” button below or click one of the different subscription options in banner at the top of page:

Recent Estin Report tweets on Aspen Real Estate

{loadposition articlepos}

Disclaimer: The statements made in The Estin Report and on Aspen broker Tim Estin’s blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken 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. Information concerning particular real estate opportunities can be requested from Tim Estin at970.309.6163or byemail.The Estin Report is copyrighted 2015 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:“TheEstin Reporton Aspen Real Estate.”

_______________________________________