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 15, April 5 – 12, 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 (10):MLS #’s:137180,137646,137872,130303,131849,132112,134774,137074,137413,137479. This link is valid until 05/12/2015.

Under Contract/Pending (5):MLS#’s:132236,128352,133277,138252,136960. This link is valid until05/12/2015.

Aspen Snowmass Solds Last Week:

MLS #137074 – Aspen Grove, East Aspen, 22 Alice Lane, Aspen, CO: Sold Price: $4,300,000/$995 sq ft; furnished. More details below photos.

MLS #137074 – Aspen Grove, East Aspen, 22 Alice Lane, Aspen, CO: Sold Price: $4,300,000/$995 sq ft; furnished; Asking Price: $4,650,000. (Original Price: $4,995,000 and 505 days on the market since 06/19/2013.) This is a 1998 built and 2012 remodeled, 5 bedroom/4 bath, 4,320 sq ft single family home with 2 car garage on a 18,600 sq ft lot. Broker comments are “Walking distance to town, yet secluded and private with captivating views of Aspen and Sopris Mountains – Alice Lane, just off McSkimming Lane, is a small cul de sac offering a flat lot with stream and water feature and terrific views looking south and west (sunsets) towards Aspen Mountain.” 2012 Taxes: $9,432. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/13/2015; Sold Date: 04/08/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)

MLS #137180 – Fasching Haus, Central Core, 747 S Galena Street 310, Aspen, CO: Sold Price: $1,650,000/$1,527 sq ft; furnished. More details below photos.

MLS #137180 – Fasching Haus, Central Core, 747 S Galena Street 310, Aspen, CO: Sold Price: $1,650,000/$1,527 sq ft; furnished; Asking Price: $1,699,000. (Original Price: $1,699,000 and 80 days on the market since 12/29/2014.) This is a 1969 built and 2014 remodeled, 3 bedroom/3 bath, 1,080 sq ft condo. Broker comments are “Unique corner third floor condo with fabulous views from every exposure. Beautifully updated with wood and stone accents. 3 bedrooms, each with private bath. Large private balcony. Updated kitchen with granite countertops and stainless steel appliances. Amenities include front desk, concierge, heated pool, hot tub, exercise room, laundry facilities, internet access and more.” 2013 Taxes: $2,885; HOA Dues: $4,013. Under Contract Date: 02/17/2015; Sold Date: 04/03/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #137646 – Aspen Square, Central Core, 617 E Cooper Street 119, Aspen, CO: Sold Price: $1,450,000/$1,734 sq ft; furnished. More details below photos.

MLS #137646 – Aspen Square, Central Core, 617 E Cooper Street 119, Aspen, CO: Sold Price: $1,450,000/$1,734 sq ft; furnished; Asking Price: $1,550,000. (Original Price: $1,550,000 and 49 days on the market since 02/13/2015.) This is a 1972 built and 2013 remodeled, 2 bedroom/2 bath, 836 sq ft condo. Broker comments are “The best located 2 Bdrm condominium located in the center of Aspen. Across the street from the gondola plaza, facing the ski slopes. Second floor. Air conditioned. Complimentary parking. Heated pool and whirlpools. Fitness facility. Front desk services. High-speed wireless. Excellent rental location. New bathrooms 2013. 1031 exchange required. Replacement property is already under contract.” 2014 Taxes: $3,000; HOA Dues: $32,000. Under Contract Date: 02/18/2015; Sold Date: 04/03/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #137872 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue #14-A, Aspen, CO: Sold Price: $1,375,000/$1,424 sq ft; furnished. More details below photos.

MLS #137872 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue #14-A, Aspen, CO: Sold Price: $1,375,000/$1,424 sq ft; furnished; Asking Price: $1,600,000. (Original Price: $1,600,000 and 36 days on the market since 03/01/2015.) This is a 1971 built, 2 bedroom/2 bath, 965 sq ft condo. Broker comments are “Renovated in 2012, this second floor 2 bedroom 2 bath deluxe condominium features an open living and kitchen area with a wonderful deck overlooking the Roaring Fork River. The Chateau Eau Claire complex is one of the few recently renovated condo complexes in Aspen, and as such, no large special assessments are looming as is the case with a number of other Aspen condo complexes. The Chateau Eau Claire amenities include onsite parking, heated pool, hot tub, exercise facility, and a conference center. A new glass elevator allows access to all floors as well. Enjoy the river and trees from your living room, while having the in-town convenience just five blocks to the Aspen Mountain Gondola and downtown Aspen.” 2014 Taxes: $2,587; HOA Dues: $3,380. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/06/2015; Sold Date: 04/06/2015. (Photos and broker comments courtesy of Frias Properties of Aspen)

MLS #137413 – Kessler Condos, Central Core, 950 E Durant Avenue, Aspen, CO: Sold Price: $1,045,000/$1,266 sq ft; furnished. More details below photos.

MLS #137413 – Kessler Condos, Central Core, 950 E Durant Avenue, Aspen, CO: Sold Price: $1,045,000/$1,266 sq ft; furnished; Asking Price: $1,095,000. (Original Price: $1,095,000 and 77 days on the market since 01/23/2015.) This is a 1961 built and 1997 remodeled, 1 bedroom/1 bath/1 half-bath, 825 sq ft condo. Broker comments are “Top-floor unit in well-maintained and attractive two-story building. Walk to skiing, walk to dinner, walk to the grocery store. You get the idea. This one-bedroom/one and one-half bath unit offers granite kitchen counters, marble steam shower, large tub, gas fireplace, in-unit washer/dryer, Aspen Mountain views. Small, highly desirable 8-unit complex with assigned parking three blocks to the Gondola. Fully furnished.” 2014 Taxes: $2,580; HOA Dues: $826. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/10/2015; Sold Date: 04/10/2015. (Photos and broker comments courtesy of Frias Properties of Aspen)

MLS #132112 – Durant Condos, Central Core, 718 S Galena Street 103-A, Aspen, CO: Sold Price: $680,000/$1,333 sq ft; furnished. More details below photos.

MLS #132112 – Durant Condos, Central Core, 718 S Galena Street 103-A, Aspen, CO: Sold Price: $680,000/$1,333 sq ft; furnished; Asking Price: $1,333. (Original Price: $575,000 and 511 days on the market since 11/14/2013.) This is a 1975 built and 2009 remodeled, 1 bedroom/1 bath, 510 sq ft condo on a 510 sq ft lot. Broker comments are “A one bedroom remodeled jewel at the Durant. Incredible core of Aspen location. View overlooks Aspen. Ski in / out right outside your door and just steps to Aspen dining/shopping and gondola. Great rental property. The new exterior remodel that is now underway will be amazing but the special assesment computation is in process of being determined and likely to be $250,000 – $300,000 per owner. 2014 Taxes: $741; HOA Dues: $7,753. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/23/2015; Sold Date: 04/09/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)

MLS #131849 – Hunter Creek, Smuggler, 1338 Vine, Aspen, CO: Sold Price: $562,500/$968 sq ft; unfurnished. More details below photos.

MLS #131849 – Hunter Creek, Smuggler, 1338 Vine, Aspen, CO: Sold Price: $562,500/$968 sq ft; unfurnished; Asking Price: $599,000. (Original Price: $599,000 and 530 days on the market since 10/15/2013.) This is a 1980 built and 2004 remodeled, 1 bedroom/1 bath, 581 sq ft condo. Broker comments are “Top end of Hunter Creek, top floor unit with Southern exposure & views of Aspen Mountain. Clean, light, contemporary…granite counters, stainless appliances, steam shower with European glass doors, modernized lighting. Private balcony with lawns below and pool, Jacuzzi/tennis courts are directly across from unit providing easy access.” 2014 Taxes: $1,156; HOA Dues: $206. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/20/2015; Sold Date: 04/02/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hunter)

MLS #130303 – Ridge Run, Snowmass, 1908 Faraway Road, Snowmass Village, CO: Sold Price: $6,375,000/$1,325 sq ft; furnished. More details below photos.

MLS #130303 – Ridge Run, Snowmass, 1908 Faraway Road, Snowmass Village, CO: Sold Price: $6,375,000/$1,325 sq ft; furnished; Asking Price: $6,950,000. (Original Price: $6,950,000 and 663 days on the market since 06/12/2013.) This is a 1973 built and 2009 completely remodeled, 5 bedroom/5 bath, 4,811 sq ft single family home with 2 car garage on a 38,768 sq ft lot. Broker comments are “Ski-in/ski-out on Snowmass Mountain from this stunning contemporary home on absolutely one of the best lots in all of Snowmass Village. The open floor plan which is all above grade is beautifully decorated & accessorized. Extra features two master suites, 4 fireplaces including a large wood-burning fireplace with floor to ceiling stone surround in the great room, hardwood floors, vaulted ceilings, two car garage, snowmelt patio with fire pit, snowmelt driveway, and wonderful outdoor entertaining areas. Gorgeous mountain views and privacy complete the package. ” 2013 Taxes: $13,318; HOA Dues: $75. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/06/2015; Sold Date: 04/06/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)

MLS #134774 – Ridge Run, Snowmass, 35 North Ridge Lane, 1/2 duplex, , Snowmass Village, CO: Sold Price: $2,175,000/$867 sq ft; unfurnished. More details below photos.

MLS #134774 – Ridge Run, Snowmass, 35 North Ridge Lane, 1/2 duplex, Snowmass Village, CO: Sold Price: $2,175,000/$867 sq ft; unfurnished; Asking Price: $2,295,000. (Original Price: $2,495,000 and 302 days on the market since 06/10/2014.) This is a 2006 built, 3 bedroom/3 bath/1 half-bath, 3,747 sq ft half duplex with 2 car garage. Broker comments are “Virtually NO HOA fees! Half duplex near Base Village in Snowmass boasts privacy, views and custom-built high quality construction. This 2,506 SF 3 bedroom, 3 full baths/ 1 half bath duplex has exceptional light, grand windows throughout, vaulted ceilings with exposed beams, granite, marble and travertine stone in the kitchen and baths, as well as gorgeous cherry floors, cabinetry and doors throughout. With another 1241 SF in storage space and a 401 SF 2 car heated garage, it’s an excellent primary residence. The neutrality of design and decor is the perfect palate and canvas for creating the mountain retreat of your dreams.” 2014 Taxes: $6,868; HOA Dues: $90. Under Contract Date: 02/28/2015; Sold Date: 04/08/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)

MLS #137479 – Country Club, Snowmass, 65 Fairway Drive, Snowmass Village, CO: Sold Price: $1,700,000/$518 sq ft; furnished. More details below photos.

MLS #137479 – Country Club, Snowmass, 65 Fairway Drive, Snowmass Village, CO: Sold Price: $1,700,000/$518 sq ft; furnished; Asking Price: $1,875,000. (Original Price: $1,875,000 and 64 days on the market since 01/29/2015.) This is a 1989 built and 2013 partially remodeled, 5 bedroom/4 bath, 3,278 sq ft single family home with 2 car garage with 10,174 sq ft lot. The house is quite dated and will require various level(s) of remodel work especially on the lower level. Broker comments are “Located just across from the entrance of the Two Creeks Chair Lift, on the Snowmass Club golf course. Great views of ski area, lots of sunshine, convenient to all the Snowmass trails & walking distance to the Snowmass Club. Wide open kitchen and dining area, windows everywhere, sweet deck and outdoor/covered hot tub, 3 bedrooms & 3 baths on main level + 2 bedrooms and 1 bath on lower level. Big clean 2 car garage and abundant beautiful storage. Mature landscaping, stone path around the side of house…a true Colorado home.” 2014 Taxes: $4,918; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/13/2015; Sold Date: 04/03/2015.(Photos and broker comments courtesy of BJ Adams and Company-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 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.”

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