Sept 17 – 24, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (11) + Under Contract / Pending (14)
The Estin Report: August 2017 Aspen Real Estate Monthly Snapshot has been posted in Current Reports.The Snapshots are usually posted on or near the 1st Monday of the month.
August 2017 Bottom Line
“The Aspen real estate market is cruising along in overdrive. August is traditionally a very active period for sales, and this August more so than ever. Sales at all prices points are exceedingly strong while inventory of properties for sale is declining significantly. Areas with particular sales velocity are Downtown Aspen, Red Mountain and the West End. Outlying areas are experiencing slower sales at lower prices—there’s value in them hills. There is concern the market is frothy with many asking how long can this last…Who really knows? No one…” Read more
Added to Aug 2017 Snapshot Summary:
Deep Dive: Sales by Location (Pgs 7 & 9 of Snapshot)
– Aspen: Sales by Neighborhoods
– Snowmass Village: Sales by Neighborhoods
The Estin Report: Mid-Year 2017 State of Aspen Real Estate
was released in the summer 2017 in Current Reports. The 32-Page report is available on-line as PDF and in a print edition in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.
“Flip Job” Examples: See recent Before/After Redevelopment in the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (07/4/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 39, Sept 17 – 24, 2017
Aspen Snowmass real estate 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 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. Scroll down the page for home 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 quickly find blog archives by year and date to 2008. 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 (11): MLS#s 141708, 133332, 142951, 144369, 145207, 147202, 148036, 148047, 149793, 149974, 150710. This link is valid until 10/24/2017.
Under Contract/Pending (14): MLS#s 141942, 123794, 135715, 144011, 144413, 144568, 147317, 147724, 148027, 148085, 149678, 149690, 150089, 150682. This link is valid until 10/24/2017.
Aspen Snowmass Solds Last Week:
MLS #145207 – Aspen Highlands, West Aspen, 235 Exhibition Lane, Aspen, CO. Sold Price: $6,675,000/$1,036 sq ft; unfurnished. More details below photos.
MLS #145207 – Aspen Highlands, West Aspen, 235 Exhibition Lane, Aspen, CO. Sold Price: $6,675,000/$1,036 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $7,495,000. (Original Price: $7,995,000 and 788 days on the market since 07/28/2015.) This is a 2016 built, 4 bedroom/6 bath/1 half-bath, 6,443 sq ft single family home with 3 car garage on a 1.04 acres lot. Broker comments are “Brand new construction completed in October 2016. This luxurious 4 bedroom 6.5 bath mountain contemporary home is beautifully set on over an acre, bordered by National Forest Land and is the only new construction ski-in single family home in Aspen under $10m. Owner also enjoys all of the amenities of the Ritz Carlton.” 2016 taxes: $24,041; HOA Dues: $4,750 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/15/2017; Sold Date: 09/22/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)
MLS #149793 – Conundrum Vacant Lot, West Aspen, 828 Conundrum Creek Road, Aspen, CO. Sold Price: $2,000,000. More details below photos.
MLS #149793 – Conundrum Vacant Lot, West Aspen, 828 Conundrum Creek Road, Aspen, CO. Sold Price: $2,000,000. Aspen single family lot for sale. Ask Price: $1,595,000. (Original Price: $1,595,000 and 81 days on the market since 07/01/2017.) This is a 38,289 sq ft single family vacant lot. Broker comments are “One of the best building sites in Conundrum is now offered for sale, and plans for a fully permitted home designed by Studio B Architects can be purchased as well. Views, mature trees and privacy located within one minute of the Conundrum Creek Trailhead. Be ready to build with the current plans and save years of designing and planning or modify the work that has already been completed for you.” 2017 taxes: $11,213. Under Contract Date: 08/04/2017; Sold Date: 09/20/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #148047 – Sagewood Townhomes, West End, 910 W Hallam Street Unit 1, Aspen, CO. Sold Price: $1,095,000/$814 sq ft; unfurnished. More details below photos.
MLS #148047 – Sagewood Townhomes, West End, 910 W Hallam Street Unit 1, Aspen, CO. Sold Price: $1,095,000/$814 sq ft; unfurnished. Aspen condo for sale. Ask Price: $1,095,000. (Original Price: $1,195,000 and 172 days on the market since 03/15/2017.) This is a 1970 built and 2000 remodeled, 3 bedroom/2 bath, 1,345 sq ft condo. Broker comments are “Charming south facing three bedroom 2 bathroom condo located in Aspen’s West End. Walk to the music tent, the Aspen Meadows & Institute, the golf course, and numerous hiking and biking trails. Easy access to Aspen Core by walking, biking, or catching the bus right out your door. Open floor plan, hard wood and stone floors, two patios, 1 wood burning fireplace, 1 gas fireplace, stainless steel appliances, washer & dryer, storage locker, onsite parking, and low HOA fees including everything but electric, pets allowed.” 2016 taxes: $2,584; HOA Dues: $2,650 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/01/2017; Sold Date: 09/21/2017. (Photos and broker comments courtesy of Aspen Associates Realty)
MLS #148036 – Hunter Creek Condo, Smuggler, 336 Vine Street, Aspen, CO. Sold Price: $905,000/$1,030 sq ft. More details below photos.
MLS #148036 – Hunter Creek Condo, Smuggler, 336 Vine Street, Aspen, CO. Sold Price: $905,000/$1,030 sq ft. Aspen condo for sale. Ask Price: $918,000. (Original Price: $934,000 and 183 days on the market since 03/16/2017.) This is a 1980 built and 2015 remodeled, 2 bedroom/2 bath, 878 sq ft condo. Broker comments are “Spectacular 2 bedroom top floor condo with Hunter Creek views in the prestigious First Phase of Hunter Creek. No expense has been spared in this Euro Contemporary fully remodeled unit. It is as practical as it is gorgeous! From the Duravit sinks to the Miele Washer/Dryer one will appreciate not only the high end finishes but also the painstakingly detailed work that went into making this condo the absolute best. Walk-in Master closet, all dimmable LED lighting, bit-in area to dry ski boots, white laminate cabinets, Marmoleum and Travertine floors, goat hair carpet, soaking tub, new heating vents, extra window, built-in cabinets throughout, Grohe fixtures, Geberit dual flush toilets, custom millwork. Light, bright and brand new for your buyer!” 2016 taxes: $1,656; HOA Dues: $341 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/17/2017; Sold Date: 09/15/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #150710 – Aspen Square, Central Core, 617 E Cooper Avenue 320, Aspen, CO. Sold Price: $800,000/$1,612 sq ft; furnished. More details below photos.
MLS #150710 – Aspen Square, Central Core, 617 E Cooper Avenue 320, Aspen, CO. Sold Price: $800,000/$1,612 sq ft; furnished. Aspen condo for sale. Ask Price: $829,000. (Original Price: $829,000 and 23 days on the market since 08/28/2017.) This is a 1969 built, studio/1 bath, 496 sq ft condo. Broker comments are “This beautifully remodeled third floor Aspen Square fireside studio enjoys great Red Mountain and Hunter Creek Valley views. Watch the Fourth of July Parade from the private balcony. The convenient downtown core location is just one block to the Aspen Art Museum, and across the street from Aspen Mountain’s Silver Queen Gondola. The kitchen and bath have both been remodeled with solid slab granite throughout and slate stone entry. Excellent Aspen Square amenities including: pool, two hot tubs, fire pit, front desk and concierge services, off street parking, central air conditioning, fitness facility and conference room and free wireless. Strong rental history! Aspen’s best location, walking distance to the finest restaurants and shopping!” 2016 taxes: $1,812; HOA Dues: $19,602 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/10/2017; Sold Date: 09/20/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #142951 – Aspen Mountain Townhouses – Condo 50% Ownership, Central Core, 835 E Durant Avenue #3, Aspen, CO. Sold Price: $650,000/$630 sq ft; furnished. More details below photos.
MLS #142951 – Aspen Mountain Townhouses – Condo 50% Ownership, Central Core, 835 E Durant Avenue #3, Aspen, CO. Sold Price: $650,000/$630 sq ft; furnished. Aspen single family home for sale. Ask Price: $790,000. (Original Price: $790,000 and 930 days on the market since 03/10/2015.) This is a 1965 built and 2006 remodeled, 3 bedroom/2 bath, 1,031 sq ft single family home. Broker comments are “Purchase is for one-half, 50%, ownership. This downtown Aspen jewel with front-row views of Aspen Mountain is only one block to the Gondola. Remodeled to beyond the studs in 2006. One can enjoy the open kitchen with stainless high-end appliances, tile & granite baths, and air conditioning. Assigned parking, huge storage & private deck makes this property even more valuable as a short-term rental. Add in that pets are allowed for both owners & tenants and you have an enviable asset. Small complex. Low HOA dues. This is an opportunity for the sophisticated buyer.” 2015 taxes: $2,090; HOA Dues: $1,465 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/02/2017; Sold Date: 09/18/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #149974 – Alpine Grove, West Aspen, Aspen Airport Business Center AABC, 418 Pacific Avenue Unit 418F, Aspen, CO. Sold Price: $575,000/$742 sq ft; unfurnished. More details below photos.
MLS #149974 – Alpine Grove, West Aspen, Aspen Airport Business Center AABC, 418 Pacific Avenue Unit 418F, Aspen, CO. Sold Price: $575,000/$742 sq ft; unfurnished. Aspen condo for sale. Ask Price: $585,000. (Original Price: $585,000 and 61 days on the market since 07/12/2017.) This is a 1973 built and 2003 remodeled, 2 bedroom/1 bath, 774 sq ft condo. Broker comments are “A spacious, comfortable 2 bedroom, ground floor condominium located in the heart of the Airport Business Center at Alpine Grove. Freshly updated with new paint, carpet and furnishings. Convenient to both Aspen and Snowmass. An easy walk to bus, grocery store, restaurants, yoga, and many businesses. Assigned parking space. Low HOA dues. A great opportunity for local housing! Fabulous common area with hot tub and pool area. Separate large storage area in basement. Redwood deck off of bedroom.” 2016 taxes: $737; HOA Dues: $1,306 per Qtr. Under Contract Date: 08/07/2017; Sold Date: 09/18/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #144369 – Fox Run PUD, 189 Fox Lane, Snowmass Village, CO: Sold Price: $3,900,000/$761 sq ft; furnished. More details below photos.
MLS #144369 – Fox Run PUD, 189 Fox Lane, Snowmass Village, CO: Sold Price: $3,900,000/$761 sq ft; furnished. Snowmass Village single family home for sale. Ask Price: $3,998,000. (Original Price: $4,495,000 and 2,095 days on the market since 07/11/2011.) This is a 1992 built and 2010 remodeled, 5 bedroom/5 bath/1 half-bath/1 den, 5,121 sq ft single family home with 2 car garage on 1.08 acres lot. Broker comments are “A beautifully-cared for home set on edge of mountain meadow with stunning views toward the Continental Divide, the top of the Snowmass ski area, and across Fox Run Pond toward the golf course. Lofty painted wood ceilings offset burnished hardwood floors, walls of paned windows, and French doors to multiple outdoor spaces to define a sophisticated home which is elegantly furnished. Ideal for family gatherings or entertaining a big group. $350K remodel in 2010 inc all new heating system. Other features inc 4 fireplaces, huge kitchen with breakfast table, formal dining room, bar, paneled study, generous master suite on its own level, family/media room, plentiful storage. AC on 2 upper levels. Newly repainted. Outside, a large expanse of lawn, fully sprinkled, and a mature landscape of flowers, evergreens and aspens provides-an oasis for dining, games, or simply relaxing in a chaise or in the brand new spa. In the winter, this sloped lot provides a wonderland for sledding. A gracious, flawlessly designed home which takes full advantage of its setting. Fox Run is a prestigious, quiet enclave of 25 homesites on 60 acres.” 2016 Taxes: $9,120; HOA Dues: $2,290 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/22/2017; Sold Date: 09/19/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)
MLS #133332 – Owl Creek Townhomes, 1120 Burnt Mtn Drive, Snowmass Village, CO: Sold Price: $3,395,000/$934 sq ft; furnished. More details below photos.
MLS #133332 – Owl Creek Townhomes, 1120 Burnt Mtn Drive, Snowmass Village, CO: Sold Price: $3,395,000/$934 sq ft; furnished. Snowmass Village townhouse for sale. Ask Price: $3,495,000. (Original Price: $4,495,000 and 1,283 days on the market since 03/15/2014.) This is a 1997 built and 2012 remodeled, 4 bedroom/4 bath/1 half-bath, 3,634 sq ft townhouse with 2 car garage. Broker comments are “Contemporary with mountain elegance, this newly remodeled Owl Creek Townhome is turn key with private views and easy ski access to Two Creeks. Open and enhanced living spaces maximize the floor plan with upgrades throughout. A private den/study with an added fireplace, and custom built-ins truly separate this from the standard floor plan. Ski directly to your back door, and enjoy custom built-ins for all of your skis, boots and hiking gear.” 2016 Taxes: $11,458; HOA Dues: $22,772 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/28/2017; Sold Date: 09/18/2017. (Photos and broker comments courtesy of Alpine Real Estate, Inc)
MLS #147202 – Melton Ranch, 144 Meadow Road, Snowmass Village, CO: Sold Price: $1,650,000/$519 sq ft; partial-furnished. More details below photos.
MLS #147202 – Melton Ranch, 144 Meadow Road, Snowmass Village, CO: Sold Price: $1,650,000/$519 sq ft; partial-furnished. Snowmass Village single family home for sale. Ask Price: $1,650,000. (Original Price: $1,795,000 and 754 days on the market since 02/03/2015.) This is a 1977 built and 2005 remodeled, 5 bedroom/4 bath, 3,177 sq ft single family home with 2 car garage on 20,180 sq ft lot. Broker comments are “Located in Melton Ranch on the sunny side of the Snowmass Valley, 144 Meadow Road has 5 bedrooms plus an office, 4 baths and a two-car garage. The part time owners have remodeled the home including new kitchen, new roof, modern entry, Trex decking and a snowmelt system. Wood fireplace has gas hookup in place and the entry and master bathroom floors are radiant heat. Mature landscaping on the almost ½ acre lot offers shade and trees to climb. The free town shuttle and school bus goes right by the end of your driveway. Ask Listor for details regarding the School District.” 2016 Taxes: $5,701; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/13/2017; Sold Date: 09/15/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
MLS #141708 – Stonebridge, 30 Anderson Lane #827, Snowmass Village, CO: Sold Price: $460,000/$642 sq ft; furnished. More details below photos.
MLS #141708 – Stonebridge, 30 Anderson Lane #827, Snowmass Village, CO: Sold Price: $460,000/$642 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $475,000. (Original Price: $559,000 and 653 days on the market since 11/13/2015.) This is a 1969 built, 1 bedroom/2 bath, 716 sq ft condo with 1 car garage. Broker comments are “A sweet south-facing one-bedroom unit with front and center views to Snowmass Peak, the Big Burn and Sam’s Knob. Bright and airy, with crisp white walls, large deck and access to extensive amenities including covered parking, elevators, beautifully landscaped pool, spa and fitness facility. Superior management and a premier location combine to create an optimal investment with a history of exceptionally steady rentals.” 2016 Taxes: $2,363; HOA Dues: $9,586 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/31/2017; Sold Date: 09/21/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)
Recent Estin Report tweets on Aspen Real Estate
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Disclaimer: The statements made in the Estin Report represent the opinions of the author and they should not be relied upon exclusively to make real estate decisions. Information concerning particular real estate opportunities can be requested from Aspen real estate broker agent Tim Estin at 970.309.6163 or by email. A potential buyer is advised to make an independent investigation of the market and of each property before deciding to purchase. Your opinions may be different. To the extent the statements made herein report facts or conclusions drawn 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 and the information provided is subject to change. The Estin Report is copyrighted 2017 and all rights are reserved. Use is permitted subject to the following attribution with an active link to the source: “The Estin Report by broker Tim Estin MBA, GRI on Aspen real estate.“
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