The Estin Report: April and YTD 2015 Aspen Snowmass Real Estate Market Snapshot was released late Monday, May 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 18, April 26 – May 3, 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 (13):MLS #’s:137250,137318,111918,135629,127595,130288,131913,133278,134465,134963,136116,138276,138809. This link is valid until 06/02/2015.

Under Contract/Pending (6):MLS#’s:137573,125729,136152,136429,138774,138829. This link is valid until06/02/2015.

Aspen Snowmass Solds Last Week:

MLS #134465 – Starwood, McLain Flats, 189 Larson Drive, Aspen, CO: Sold Price: $19,300,000/$1,214 sq ft; unfurnished. More details below photos.

MLS #134465 – Starwood, McLain Flats, 189 Larson Drive, Aspen, CO: Sold Price: $19,300,000/$1,214 sq ft; unfurnished; Asking Price: $23,000,000. (Original Price: $23,000,000 and 1,381 days on the market since 02/28/2011.) This is a 1996 built and 2006 remodeled, 6 bedroom/6 bath/4 half-bath, 15,889 sq ft single family home with 4 car garage on a 4.13 sq ft lot. Broker comments are “This beautiful Starwood estate is truly the most spectacular property in Aspen. Situated at the end of Larson Drive, the home offers complete privacy. A well thought out house with the utmost attention to every possible detail. Upon entrance, the great room and formal bar offer endless views of the surrounding mountain peaks. Numerous amenities include an infinity pool with adjacent outdoor kitchen, game room, spacious media room, master wing with 2 offices, exercise room and spa. One of the finest properties ever built in Aspen.” 2014 Taxes: $65,891; HOA Dues: $1,008. Under Contract Date: 02/26/2015; Sold Date: 04/28/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hunter)

MLS #138809 – Townsite of Aspen, West End, 530 W Hallam Street, Aspen, CO: Sold pre-MLS. Sold Price: $6,150,000. More details below photo.

MLS #138809 – Townsite of Aspen, West End, 530 W Hallam Street, Aspen, CO: Sold pre-MLS. Sold Price: $6,150,000; Asking Price: $6,150,000. (Original Price: $6,150,000 and 290 days on the market since 07/14/2014.) This is a 9,000 sq ft single family lot in Aspen. Broker comments are “Sold before MLS.” 2014 Taxes: $10,718. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/14/2014; Sold Date: 04/30/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #137250 – Central Downtown Core, 827 E Dean Street, Aspen, CO: Sold Price: $3,900,000/$2,064 sq ft; unfurnished. More details below photos.

MLS #137250 – Central Downtown Core, 827 E Dean Street, Aspen, CO: Sold Price: $3,900,000/$2,064 sq ft; unfurnished; Asking Price: $4,350,000. (Original Price: $4,350,000 and 228 days on the market since 08/26/2014.) This is a small older Aspen home located about 2 blocks from the Aspen Mountain Gondola – see map and current survey. The property has been designated by the Aspen Historical Preservation Commission as an Aspen Modern property with restrictions on its re-development. This is a 1954 built and 1985 remodeled, 3 bedroom/3 bath, 1,889 sq ft single family home on a 6,000 sq ft lot. Broker comments are “Chalet on the park. A delightful storybook setting in one of the finest locations in all of Aspen! A classic Aspen Core ski home with private backyard bordering the permanent, protected open space of Glory Hole Park. Very rare! Sunny, south-facing property with views of Aspen Mountain and Gondola. Single-level home. Great room invites intimate gatherings, offering a fireplace and wet bar. The charming detached guest house contains one of the full baths and bedrooms on property. Approx. 300 yds. to Aspen Mountain Gondola; approx.150 yds. to City Market. One of the few remaining mountain chalets in Aspen. A legacy property in the heart of Aspen.” 2013 Taxes: $8,647. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/26/2015; Sold Date: 04/10/2015. (Photos and broker comments courtesy of Aspen Core Realty)

MLS #134963 – West End, 725 W Bleeker Street, Aspen, CO: Sold Price: $3,700,000/$892 sq ft; unfurnished. More details below photos.

MLS #134963 – West End, 725 W Bleeker Street, Aspen, CO: Sold Price: $3,700,000/$892 sq ft; unfurnished; Asking Price: $3,875,000. (Original Price: $3,975,000 and 311 days on the market since 06/23/2014.) This is a 1977 built and 2004 remodeled, 4 bedroom/3 bath, 4,145 sq ft single family home with 1 car garage on a 6,000 sq ft corner lot. Broker comments are “Art and Crafts style home. Sunny and fresh with abundant windows, storage, pine doors & trim. Big open great room, dining, kitchen, fireplace and den w/pocket doors, guest bedroom & full bath all on main level. Master w/walk-in closet, private patio, 2 guest bedrooms & full bath, loft & laundry room. Lower level is 1084 sq ft of family room with its’ own private entrance. Views of Shadow Mountain, end of the street privacy and a beautiful fenced in back yard. Garage could fit two small cars, work bench and plenty of storage for gear and toys + a dog wash!” 2014 Taxes: $8,052. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/15/2014; Sold Date: 04/30/2015. (Photos and broker comments courtesy of BJ Adams and Company-SMV)

MLS #111918 – Arrowhead, Central Core, 520 S Original Street C, Aspen, CO: Sold Price: $2,650,000/$1,658 sq ft; furnished. More details below photos.

MLS #111918 – Arrowhead, Central Core, 520 S Original Street C, Aspen, CO: Sold Price: $2,650,000/$1,658 sq ft; furnished; Asking Price: $2,750,000. (Original Price: $3,495,000 and 2,517 days on the market since 03/07/2008.) This is a 1979 built, 2 bedroom/2 bath/1 half-bath, 1,598 sq ft condo with 1 car garage. Broker comments are “The location doesn’t get any better than this. Just two blocks to Aspen Mountain Gondola. This completely remodeled two-level townhome affords a major view of Aspen Mountain and overlooks Glory Hole Park. The guest suites with outdoor terraces, elevator and underground parking garage complete this rare offering.” 2012 Taxes: $6,527; HOA Dues: $4,527. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/30/2015; Sold Date: 04/27/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #135629 – Aspen Villas, West End, 814 W Bleeker Street C3, Aspen, CO: Sold Price: $1,100,000/$782 sq ft; furnished. More details below photos.

MLS #135629 – Aspen Villas, West End, 814 W Bleeker Street C3, Aspen, CO: Sold Price: $1,100,000/$782 sq ft; furnished; Asking Price: $1,199,000. (Original Price: $1,275,000 and 293 days on the market since 06/23/2014.) This is a 1972 built, 4 bedroom/3 bath, 1,405 sq ft townhouse. Broker comments are “Value and convenience are abound in this sunny and spacious 4 bed/3 bath townhome. Boasting an open floor plan, updated kitchen and bathrooms, new carpet, paint, furnishings and is easy to show! Enjoy a short walk to town or use the conveniently located bus to navigate through town and all four ski mountains. Three levels complete this great unit, with a patio off the main level. Located in the Aspen School District. Owners are allowed one dog and 2 cats. Dedicated parking and low HOA fees are just a few of the extras you will enjoy at this quiet and well-maintained complex. The perfect townhome for the value conscience home buyer who wants to enjoy all Aspen has to offer.” 2014 Taxes: $1,946; HOA Dues: $1,800. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/11/2015; Sold Date: 04/30/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)

MLS #138276 – Tailings, Smuggler area, 424 Park Circle Th1, Aspen, CO: Sold Price: $1,016,000/$885 sq ft; partial-furnished. More details below photos.

MLS #138276 – Tailings, Smuggler area, 424 Park Circle Th1, Aspen, CO: Sold Price: $1,016,000/$885 sq ft; partial-furnished; Asking Price: $1,250,000. (Original Price: $1,250,000 and 414 days on the market since 05/06/2010.) This is a 1973 built and 2005 remodeled, 2 bedroom/2 bath, 1,147 sq ft condo. Broker comments are “Sunny, quiet, remodeled end-unit townhome with views of Ajax Mtn. Two bedroom, two bathroom townhome with two designated parking spaces. Located steps away from Smuggler hiking trail and convenient to all Aspen has to offer (on the HC bus route). Stainless steel appliances, wood floors, steam shower and jacuzzi tub, and new stone fireplace. Monthly HOA dues includes unit heat and unit electric. Pet allowed for owners ONLY!” 2014 Taxes: $2,353; HOA Dues: $550 + electric. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/25/2015; Sold Date: 04/30/2015. (Photos and broker comments courtesy of Setterfield & Bright)

MLS #127595 – Riverside Condos, Central Core, 1024 E Cooper Avenue, Aspen, CO: Sold Price: $962,000/$933 sq ft; furnished. More details below photos.

MLS #127595 – Riverside Condos, Central Core, 1024 E Cooper Avenue, Aspen, CO: Sold Price: $962,000/$933 sq ft; furnished; Asking Price: $999,000. (Original Price: $1,165,000 and 1,056 days on the market since 06/15/2012.) This is a 1970 built and 2010 remodeled, 2 bedroom/2 bath, 1,030 sq ft condo. Broker comments are “Lives like a duplex, end unit with only one common wall. Lots of light, large master suite, separate washer & dryer room. Upgraded in 2010. Designated one-car parking space. Approximately 2 blocks to City Market or 5 blocks to gondola. Currently rented. To show 24-hour notice-Ask Broker about details.” 2013 Taxes: $2,103; HOA Dues: $1,330. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/05/2015; Sold Date: 04/27/2015. (Photos and broker comments courtesy of Portfolio Aspen Properties)

MLS #136116 – Smuggler Mobile Home Park, Smuggler, 318 Oak Lane, Aspen, CO: Sold Price: $520,000/$523 sq ft; unfurnished. More details below photos.

MLS #136116 – Smuggler Mobile Home Park, Smuggler, 318 Oak Lane, Aspen, CO: Sold Price: $520,000/$523 sq ft; unfurnished; Asking Price: $595,000. (Original Price: $595,000 and 232 days on the market since 09/08/2014.) This is a 1980 built and 1985 remodeled, 3 bedroom/2 bath, 994 sq ft single family home (trailer) on a 3,293 sq ft lot. Broker comments are “This three-bedroom home two bath home is situated on a 3,293 Sq. foot lot within walking distance to Aspen.There is a redevelopment of up to a 3,000 sq. ft. home Beautiful views of Aspen Mountain and a southern exposure make this a great lot. Enjoy many amenities that are included in the low monthly fee, free bus shuttle, on-site management, cable TV snow removal and much more.” 2014 Taxes: $1,273; HOA Dues: $175. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/08/2015; Sold Date: 04/28/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #133278 – Ridge Run, Snowmass, 168 Maple Ridge Lane, Snowmass, CO: Sold Price: $2,600,000/$572 sq ft; partial-furnished. More details below photos.

MLS #133278 – Ridge Run, Snowmass, 168 Maple Ridge Lane, Snowmass, CO: Sold Price: $2,600,000/$572 sq ft; partial-furnished; Asking Price: $2,795,000. (Original Price: $2,795,000 and 402 days on the market since 03/12/2014.) This is an 1969 built and 2014 remodeled, 4 bedroom/4 bath/1 half-bath, 4,542 sq ft single family home with 2 car garage on a 45,738 sq ft lot. Broker comments are “Great Remodel just completed! Large 4 bedroom home with lots of living space, great views and an indoor pool and spa. Great for the kids after a day on the mountain. Completely remodeled with new roof, new windows, new entry,great new kitchen, new baths and all new finishes.” 2013 Taxes: $5,170; HOA Dues: $95. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/23/2015; Sold Date: 04/24/2015.(Photos and broker comments courtesy of Sweeney Real Estate)

MLS #137318 – Meadow Ranch, Snowmass, 131 Meadow Ranch Drive E-3-A, Snowmass, CO: Sold Price: $830,000/$473 sq ft; unfurnished. More details below photos.

MLS #137318 – Meadow Ranch, Snowmass, 131 Meadow Ranch Drive E-3-A, Snowmass, CO: Sold Price: $830,000/$473 sq ft; unfurnished; Asking Price: $849,000. (Original Price: $849,000 and 868 days on the market since 05/29/2008.) This is an 1978 built and 1996 remodeled, 3 bedroom/3 bath, 1,753 sq ft townhome condo. Broker comments are “Half Duplex on the very east end of the Meadow Ranch neighborhood. Closest to The Little Red School House. Great views, hardwood floors, upgraded baths & remodeled kitchen and window coverings. Bedrooms live on entry level with access to outdoor hot tub and deck. Living, dining, kitchen and deck on upper floor to appreciate the mountain views.” 2014 Taxes: $2,353; HOA Dues: $1,518. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/27/2015; Sold Date: 05/01/2015.(Photos and broker comments courtesy of BJ Adams and Company-SMV)

MLS #131913 – Old Snowmass, 1460 Snowmass Creek Road, Snowmass, CO: Sold Price: $600,000/$302 sq ft; unfurnished. More details below photos.

MLS #131913 – Old Snowmass, 1460 Snowmass Creek Road, Snowmass, CO: Sold Price: $600,000/$302 sq ft; unfurnished; Asking Price: $749,000. (Original Price: $749,000 and 973 days on the market since 05/09/2012.) This is an 1971 built, 3 bedroom/2 bath, 1,986 sq ft single family home on a 44,867 sq ft lot. Broker comments are “Enjoy the simple pleasures of a wood burning fireplace, out barn for your horse, and private river access running the length of this one-acre parcel. Located on Snowmass Creek, just below the confluence of Snowmass and Capitol Creeks. This unique riverfront property cannot be duplicated with today’s zoning codes. Not in a subdivision. See listing broker for redevelopment possibilities.” 2012 Taxes: $3,590. Under Contract Date: 1/23/2015; Sold Date: 04/29/2015.(Photos and broker comments courtesy of Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #130288 – Tamarack Condos, Snowmass, 135 Carriage Way #31, Snowmass, CO: Sold Price: $450,000/$482 sq ft; furnished. More details below photos.

MLS #130288 – Tamarack, Snowmass, 135 Carriage Way #31, Snowmass, CO: Sold Price: $450,000/$482 sq ft; furnished; Asking Price: $499,000. (Original Price: $575,000 and 1,510 days on the market since 06/17/2010.) This is an 1969 built, 2 bedroom/2 bath, 932 sq ft townhouse. Broker comments are “This recently remodeled two-bedroom, two-bath townhome features new countertops, cabinets and updated features. The living room and master bedroom both include a wood-burning fireplace. Enjoy the deck and sunny, southern exposure. Perfect for personal use or as a rental, this unit is directly across from the Treehouse Children’s Center in Base Village. Enjoy all the restaurants and shopping in Base Village and the Snowmass Mall just steps away, as well as the ski access via Gondola or Six Pack Lifts. A great buy.” 2014 Taxes: $1,785; HOA Dues: $9,798. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/10/2015; Sold Date: 04/30/2015.(Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)

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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 by email.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:“The Estin Report on Aspen Real Estate.”

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