Aspen Real Estate Market  Last Week’s Sales:  Jan 5 – 12, 20 – Week 2

Closed (8) + Under Contract / Pending (8). [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.]

Charts just posted: Estin Report Q1 2008 – Q4 2019: Aspen & Snowmass Historic Real Estate Market Performance Charts by Property Types and Dollar & Unit Sales  These charts are broken down by each market, Aspen and Snowmass, and by property types: single family homes, condos and vacant land and compare  sales  to prior years starting at 2008.  They answer the question “Where are we now compared to prior periods?” and indicate market direction with trend lines.

   
          Aspen & Snowmass Village Historic Real Estate Sales Chart Series

The new 2020 ws Estin Report is in process now to be released this month. In the meantime, see
Estin Report: Aspen Snowmass Real Estate Market 2019 ws

Blog Post: Jan 5 – 12, 2020 Aspen CO real estate market activity, Week 2

Weekly Aspen and Snowmass CO real estate sales activity appears below for sold and under contracts properties in the upper Roaring Fork Valley over $250,000 – for Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass. Fractional sales are not included. Photos and written descriptions of sold properties are posted here as the MLS links below expire after 30 days. For earlier dates, see the Estin Report blog archives starting in 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: 160834, 161065, 154619, 156924, 160796, 161450, 162636, 159667.  This link is valid until 2/25/2020.

Under Contract/Pending (8): MLS#s: 161358, 152667, 154465, 154994, 158726, 159679, 161545, 161977.  This link is valid until 2/11/2020.

Sold Properties Last Week:

MLS #159667 – 1001 Ute Ave – Lot 2, Central Core, 1011 Ute Avenue, Aspen, CO: Sold Price: $27,695,635/$2,033 sq ft; unfurnished. Sold Date: 01/9/2020. More details below photos.

MLS #159667 – 1001 Ute Ave – Lot 2, Central Core, 1011 Ute Avenue, Aspen, CO: Sold Price: $27,695,635/$2,033 sq ft; unfurnished. Sold Date: 01/9/2020. Aspen homes for sale. Ask Price: $35,000,000. (Original Price: $45,000,000 and on/off the market since 12/29/13. During high seasons, the property was rented.) Tim’s notes: This was an off-market sale – the property listing had expired. This is a 2014 built, 7 bedroom/7 bath/4 half-bath, 17,544 sq ft single family home with 4+ car garage on a 28,208 sq ft lot. Broker comments are, “ This was a private sale entered to the MLS only for statistical purposes as directed by Seller, the note holder. Incredible ski-in home walking distance to downtown Aspen. Perfect for entertaining with a media room, bowling alley that doubles as a target range, recreation room, bar, indoor pool and spa and tennis courts that serve as an ice staking rink in the summer. This masterpiece residence was built with great attention to detail including home automation, 2 elevators, 2-bedroom guest apartment and car enthusiasts will love the 5-car garage with turnstyle. This location and quality cannot be duplicated.” Description by prior listing broker,  “The complete package in downtown Aspen! Unbelievable and irreplaceable location with ski access and a short walk to restaurants, shops, and all that downtown Aspen has to offer. Seven bedrooms, eleven bathrooms and over 17,500 square feet of living & indoor recreation space. The house is state-of-the-art with impressive technology and easy home automation controls throughout. Enjoy three tennis courts on the property that transform into an ice rink for winter months. A movie theater, bowling alley (that doubles as a shooting range), commercial kitchen, two elevators, indoor pool, spa, and numerous other features make this a truly one-of-a-kind masterpiece that is unmatched in the Aspen area. Views of Red Mountain and wonderful indoor/outdoor living embrace the quintessential Colorado lifestyle. Additional features include a gym, putting green, bocce court, indoor and outdoor water features (space for outdoor pool), 1,500 bottle wine cellar, 4 bars, 2 washers & dryers, 2 ovens, warming drawer, numerous mini-fridges and wine fridges. The garage holds a total of six cars. Approximately 3 acres of common space shared with only the neighboring house includes the tennis courts, bocce court and other amenities.” 2018 taxes: $67,614. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: ; Sold Date: 01/9/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall and Slifer Smith & Frampton Real Estate.)

MLS #154619 – Central Core Commercial, 315 E Hyman Avenue, Aspen, CO: Sold Price: $10,600,000/$1,076 sq ft. Sold Date: 01/09/2020. More details below photos.

MLS #154619 – Central Core, 315 E Hyman Avenue, Aspen, CO: Sold Price: $10,600,000/$1,076 sq ft. Sold Date: 01/09/2020. Aspen commercial industria for sale. Ask Price: $12,999,999. (Original Price: $12,999,999 and 575 days on the market since 06/13/2018.) This is a 1976 built, 9,847 sq ft commercial on a 9,000 sq ft lot. Tim’s notes: This is the location of tenants Aspen Billiards, Eric’s Bar, Su Casa and The Cigar Bar, a collection of eating / drinking locales referred to as “the compound” over the years and owned and operated by the Casper family. The family also owned a majority of the condo building’s units and originally listed them for $14.99 million in late 2016. They apparently have signed new long term leases with the new owners and will continue to manage the spaces. Broker comments are “A once in a lifetime offering, this 9847 SF three level commercial property is located on Hyman Ave in the heart of downtown Aspen between the Wheeler Opera House and Wagner Park. It is currently operating as an extremely successful Mexican restaurant, billiards hall, cigar bar, high end bar/lounge, and retail space on the street level. All real estate, business, fixtures, inventory etc. are included in this sale. 2025 SF street level retail space with large windows and Hyman Ave frontage. 6053 SF garden level with a naturally lit courtyard. 1769 SF of refrigeration, storage and mechanical.” 2017 taxes: $85,117; HOA Dues: $5,523 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/29/2019; Sold Date: 01/09/2020. (Photos and broker comments courtesy of Engel & Volkers)

MLS #161450 – Aspen Village, Woody Creek, 18 Aspen Village, Aspen, CO: Sold Price: $626,000/$272 sq ft; furnished. Sold Date: 12/27/2019. More details below photos.

MLS #161450 – Aspen Village, Woody Creek, 18 Aspen Village, Aspen, CO: Sold Price: $626,000/$272 sq ft; furnished. Sold Date: 12/27/2019. Aspen homes for sale. Ask Price: $724,900. (Original Price: $724,900 and 112 days on the market since 09/06/2019.) This is a 2007 built, 4 bedroom/3 bath, 2,300 sq ft single family home on a 4,454 sq ft lot. Broker comments are “This 2007 4 bed, 3 bath home is nicely finished with vaulted ceilings in the upstairs and 9 foot ceilings in the downstairs. Enjoy mountain views and the abundance of natural light. Rent the basement and live in the upstairs! Finished concrete floors in the basement and mahogany floors will feel cozy on cold winter days as there is radiant heat throughout this 2,000 plus square foot home. With a covered carport and 2 storage sheds there is plenty of room for all the toys. Aspen Village has a clubhouse, swimming pool, gym and a large storage lot for extra vehicles. Located in the Aspen School District. Buyer must qualify with Pitkin County residency and work requirements through Aspen Pitkin County Housing Authority, APCHA.” 2018 taxes: $5,561. Under Contract Date: 10/19/2019; Sold Date: 12/27/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #162636 – Gant Condominiums, Central Core, 610 S West End Street J-303, Aspen, CO: Sold Price: $2,100,000/$2,121 sq ft; furnished. Sold Date: 01/02/2020. More details below photos.

MLS #162636 – Gant Condominiums, Central Core, 610 S West End Street J-303, Aspen, CO: Sold Price: $2,100,000/$2,121 sq ft; furnished. Sold Date: 01/02/2020. Aspen condos for sale. Ask Price: $2,100,000. (Original Price: $2,100,000 and 54 days on the market since 11/09/2019.) This is a 1972 built, 2 bedroom/2 bath, 990 sq ft condo. Tim’s notes: This is a top-floor with vaulted ceilings, corner unit. Broker comments are “Sold before MLS. Listing agreement was for one party only. Premier unit, but NOT upgraded in contemporary decor.” 2019 taxes: $3,452; HOA Dues: $28,759. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/12/2019; Sold Date: 01/02/2020. (Broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall & Photos courtesy of Peak Properties of Aspen Inc.)

MLS #160796 – Aspen Airport Business Center AABC, West Aspen, 209 Aspen Airport Business Center J, Aspen, CO: Sold Price: $770,000/$662 sq ft. Sold Date: 01/02/2020. More details below photos.

MLS #160796 – Aspen Airport Business Center AABC, West Aspen, 209 Aspen Airport Business Center J, Aspen, CO: Sold Price: $770,000/$662 sq ft. Sold Date: 01/02/2020. Aspen townhomes for sale. Ask Price: $779,000. (Original Price: $779,000 and 505 days on the market since 05/21/2018.) This is a 1981 built and 2005 remodeled, 2 bedroom/2 bath, 1,162 sq ft townhome. Broker comments are “Updated 2-bedroom AABC unit with amazing outdoor space, storage and assigned parking spot. This is the largest unit in The Lofts at Deer Hill and features granite countertops, vaulted ceilings, and a woodburning fireplace. The complex backs up to open space with access to the Roaring Fork River and the Rio Grande Trail. Includes a huge deck for entertaining and a large storage unit. One of the best free market opportunities in the Aspen School District.” 2017 taxes: $1,298; HOA Dues: $6,094. Under Contract Date: 08/18/2019; Sold Date: 01/02/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #160834 – Country Club Homes, 52 Harleston Green 38, Snowmass Village, CO: Sold Price: $2,000,000/$793 sq ft; furnished. Sold Date: 01/07/2020. More details below photos.

MLS #160834 – Country Club Homes, 52 Harleston Green 38, Snowmass Village, CO: Sold Price: $2,000,000/$793 sq ft; furnished. Sold Date: 01/07/2020. Snowmass Village townhomes for sale. Ask Price: $2,200,000. (Original Price: $2,325,000 and 200 days on the market since 06/17/2019. Seller paid $1.625M on 02/10/15.) This is a 1982 built and 2019 remodeled, 4 bedroom/3 bath/1 3/4-bath/1 loft, 2,522 sq ft townhome with 1 car garage. Broker comments are “This turnkey four-bedroom Country Club Townhome has just been renovated with meticulous attention to detail. The heart of this home is the gorgeous gourmet kitchen. The large center island, thoughtfully designed custom cabinetry, and professional appliances, make it a chef’s dream and the space where friends and family will love to gather. The south-facing Trex deck overlooks the golf course and is one of the largest in the community. Stunning golf course and mountain views make it perfect for summer entertaining, grilling, or relaxing in the Hotspring spa. With generously sized living spaces, four bedrooms plus a sleeping loft and office nook, this home lives large. Easy access to world-class skiing, golf, tennis, hiking, and more, make this is the ideal spot for those seeking a year-round active lifestyle. Enjoy Snowmass Club living with the athletic club and spa amenities just a short walk away. A free shuttle service stops right outside for easy access to the new Snowmass Base Village.” 2018 taxes: $6,644; HOA Dues: $16,926. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/04/2019; Sold Date: 01/07/2020. (Photos and broker comments courtesy of Christie’s International Real Estate Aspen Snowmass)

MLS #161065 – Wood Run V Townhomes, 94 Village Bound #18, Snowmass Village, CO: Sold Price: $1,609,000/$623 sq ft; furnished. Sold Date: 01/07/2020. More details below photos.

MLS #161065 – Wood Run V Townhomes, 94 Village Bound #18, Snowmass Village, CO: Sold Price: $1,609,000/$623 sq ft; furnished. Sold Date: 01/07/2020. Snowmass Village townhomes for sale. Ask Price: $1,675,000. (Original Price: $1,675,000 and 136 days on the market since 08/24/2019.) This is a 1981 built, 3 bedroom/3 bath/1 half-bath/1 den, 2,580 sq ft townhome. Broker comments are “Delightful, sunny, corner townhome located on Adams Ave for perfect ski-in/out access. A huge great room, kitchen and entertaining spaces which feature three walls of windows. Three-sided woodburning copper fireplace, with a cozy TV den off the main living room. Dining room large enough for 8, with extra seating at the bar. Kitchen is very spacious with light from two sides and an east-facing breakfast nook. Large, covered deck off of living/dining rooms with sun all day and views of skiers. Generous master suite w/ large bath with jetted tub. It also has its own big deck overlooking Adams Ave. Both guest bedrooms can be made up with twins or a king; each has its own bath. Fully staged with art, lighting, rugs, linen, accessories. Fresh and bright. Sauna. Assigned carport parking.” 2018 taxes: $6,456; HOA Dues: $26,487. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/27/2019; Sold Date: 01/07/2020. (Photos and broker comments courtesy of Compass SMV)

MLS #156924 – Shadowbrook Condominiums, 105 Campground Lane 104, Snowmass Village, CO: Sold Price: $975,000/$697 sq ft; furnished. Sold Date: 01/06/2020. More details below photos.

MLS #156924 – Shadowbrook Condos, 105 Campground Lane 104, Snowmass Village, CO: Sold Price: $975,000/$697 sq ft; furnished. Sold Date: 01/06/2020. Snowmass Village condos for sale. Ask Price: $1,045,000. (Original Price: $1,119,000 and 817 days on the market since 08/06/2017.) This is a 1968 built and 2015 remodeled, 3 bedroom/3 bath, 1,397 sq ft condo. Broker comments are “Coveted slope-side condominium adjacent to Snowmass Base Village, 2 bedrooms + den/3rd bedroom with Murphy bed and privacy wall, 3 full bathrooms, beautiful contemporary remodel. Open living space offering slope views and corner balcony next to seasonal stream. Kitchen features stainless appliances and center cooking island with bar seating. Bedrooms offer ski-in/out access to Fanny Hill. Excellent rental income, exceptional property management. Owner storage, laundry room with Whirlpool appliances and covered parking for 1 vehicle. Turn-key and move-in ready. Shadowbrook Condominiums offer a premium location on the ski slope in Snowmass Village, featuring beautifully maintained grounds, heated pool and hot tub.” 2018 taxes: $3,893; HOA Dues: $25,000. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/27/2019; Sold Date: 01/06/2020. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)

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