Sept 3 – 10, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (13) + Under Contract / Pending (10)
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
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 37, Sept 3 – 10, 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 (13): MLS#s 137922, 144511, 144449, 145125, 147338, 148440, 148471, 149519, 149524, 149702, 149816, 149897, 150785. This link is valid until 10/10/2017.
Under Contract/Pending (10): MLS#s 141708, 146964, 148047, 149313, 149536, 149868, 149877, 150197, 150447, 150735. This link is valid until 10/10/2017.
Aspen Snowmass Solds Last Week:
MLS #147338 – Aspen Highlands, West Aspen, 75 Thunderbowl Lane, Aspen, CO. Sold Price: $4,900,000/$841 sq ft; furnished. More details below photos.
MLS #147338 – Aspen Highlands, West Aspen, 75 Thunderbowl Lane, Aspen, CO. Sold Price: $4,900,000/$841 sq ft; furnished. Aspen single family home for sale. Ask Price: $5,475,000. (Original Price: $5,475,000 and 264 days on the market since 12/16/2016.) This is a 2007 built, 4 bedroom/5 bath/2 half-bath, 5,824 sq ft single family home with 2 car garage on a 3,920 sq ft lot. Some of the “best values”near downtown Aspen can be found at Aspen Highlands which is 5-7 minutes from downtown Aspen by shuttle bus. Broker comments are “Luxurious townhome living at Aspen Highlands within steps of the Thunderbowl and Exhibition Ski Lifts. Enjoy spectacular views of the Aspen Highlands ski area from the ultimate destination home with generous spaces ideally suited for entertaining. The contemporary mountain design boasts a gracious 5,824 sq ft, with four en-suite bedrooms, plus a private office, two power rooms, multiple fireplaces, game and media room, gourmet kitchen, top-of-the-line wine chillers, elevator, hot tub and heated two-car garage. Five minutes from downtown Aspen and just a short walk to Aspen Schools and the Aspen Recreation Center. Ritz-Carlton Club amenities include use of the workout facilities, outdoor heated pool and spa. Complimentary in-town and airport transportation available.” 2017 taxes: $24,153; HOA Dues: $5,719 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/22/2017; Sold Date: 09/06/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #149702 – Townsite of Aspen, West End, 411 W Francis Street, Aspen, CO. Sold Price: $4,750,000/$1,690 sq ft. More details below photos.
MLS #149702 – Townsite of Aspen, West End, 411 W Francis Street, Aspen, CO. Sold Price: $4,750,000/$1,690 sq ft. Aspen single family home for sale. Ask Price: $4,800,000. (Original Price: $4,800,000 and 79 days on the market since 12/08/2016.) This is a 1994 built, 3 bedroom/3 bath, 2,809 sq ft single family home with 1 car garage on a 6,000 sq ft lot. Broker comments are “This home is a 1994 Harry Teague design located on a 6,000 s.f. lot in the lovely West End, one block walk to the seasonal Shuttle, three blocks to the ski buses, and four blocks to Music Festival and Aspen Institute campuses. It has a smart floor plan with each bedroom completely separate and private. It has a 700 s.f. poured, non–comforming basement. All finishes were creatively selected to stand the test of time and require very little maintenance. This beautiful design fits neatly into the context of the West End with its classic Victorian architectural character, new contemporary homes, irrigation ditches, towering cottonwood trees and late afternoon sun.” 2016 taxes: $11,738. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/06/2017; Sold Date: 09/08/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)
MLS #144449 – Aspen Highlands, West Aspen, 87 Thunderbowl Lane, Aspen, CO. Sold Price: $4,750,000/$788 sq ft; furnished. More details below photos.
MLS #144449 – Aspen Highlands, West Aspen, 87 Thunderbowl Lane, Aspen, CO. Sold Price: $4,750,000/$788 sq ft; furnished. Aspen townhouse for sale. Ask Price: $5,299,000. (Original Price: $5,400,000 and 807 days on the market since 06/01/2015.) This is a 2002 built, 4 bedroom/5 bath/1 half-bath, 6,023 sq ft townhouse with 2 car garage on a 4,095 sq ft lot. Another “Best Value” in Aspen Highlands.Broker comments are “Luxurious slope side living at Aspen Highlands. 4 fireplaces, AC, elevator, Ritz Carlton Resort amenities, rooftop hot tub. Live 5 minutes from downtown Aspen. 2 minutes from the much noted Aspen Recreation Center and let your kids play in the nearby park. Enjoy year round Alpine living- skiing in the Winter and incredible hiking, biking and rafting in the Summer. Savor the world class dining, shopping and culture that Aspen is famous for. This home has it all. Classic mountain design PLUS an incredible re model npossibility for those looking for a more ”Mountain Modern” flair-see last 10 photos for a modern finish in the identical unit.” 2016 taxes: $24,000; HOA Dues: $5,500 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/06/2017; Sold Date: 08/31/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #150785 – Aspen Alps, Central Core, 700 Ute Avenue Unit 506, Aspen, CO. Sold Price: $4,500,000/$2,844 sq ft; furnished. More details below photos.
MLS #150785 – Aspen Alps, Central Core, 700 Ute Avenue Unit 506, Aspen, CO. Sold Price: $4,500,000/$2,844 sq ft; furnished. Aspen condo for sale. Ask Price: $4,500,000. (This was an off-market sale. The unit sold at $3.2M/$2,022 sq ft on 10/31/14. ) This is a 1963 built/ remodeeled in 2008, 3 bedroom/3 bath, 1,582 sq ft condo with 1 car garage. The unit was remodeled in an Modern Euro Chalet style using newer materials that is both unique and highly charming and attractive. The property borders the little Nell ski slope and it is basicallu ski in / ski out on Aspen Mountain. Broker comments are “Sold before MLS.” 2016 taxes: $6,698; HOA Dues: $1,626 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/25/2017; Sold Date: 09/07/2017. (Photos and broker comments courtesy of Frias Properties of Aspen)
MLS #145125 – Aspen Club, East Aspen, 1434 Crystal Lake Road, Aspen, CO. Sold Price: $3,900,000/$1,193 sq ft; partial-furnished. More details below photos.
MLS #145125 – Aspen Club, East Aspen, 1434 Crystal Lake Road, Aspen, CO. Sold Price: $3,900,000/$1,193 sq ft; partial-furnished. Aspen townhouse for sale. Ask Price: $4,100,000. (Original Price: $4,100,000 and 417 days on the market since 07/11/2016.) This is a 1976 built and 2015 remodeled, 4 bedroom/4 bath/1 half-bath, 3,268 sq ft townhouse. Broker comments are “Beautifully renovated; 4 BR, 4.5 Bath luxurious townhouse in a serene setting, minutes to downtown Aspen. Spacious, bright and ready to move in. The largest and best unit in a freshly renovated complex adjacent to the New Aspen Club & Spa. 568 Sq Ft legally added provides a large office, exercise/storage room and new laundry. 2 carport plus enormous private storage for bikes/toys. Building exterior renovation completed fall 2016. Assessment paid in full by Seller.” 2015 taxes: $7,587; HOA Dues: $6,107 per Qtr. Under Contract Date: 04/28/2017; Sold Date: 09/01/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #148440 – Central Core, 700 S Monarch Street 202, Aspen, CO. Sold Price: $2,580,000/$2,000 sq ft; furnished. More details below photos.
MLS #148440 – Central Core, 700 S Monarch Street 202, Aspen, CO. Sold Price: $2,580,000/$2,000 sq ft; furnished. Aspen condo for sale. Ask Price: $2,675,000. (Original Price: $2,695,000 and 126 days on the market since 04/13/2017.) This is a 1971 built and 2012 remodeled, 3 bedroom/2 bath, 1,290 sq ft condo with 1 car garage. Broker comments are “Another stunning remodel by Kim Raymond Architects! Come appreciate not just the functionality but also the form of this ideally located condo with FRONT ROW VIEWS right up to the ski easement to Aspen Mountain. It doesn’t get better than this, with all of the amenities of the perfect location (ski-in), views, parking garage, huge storage closet, wood storage for wood burning fireplace and great rental income. Come enjoy everything Aspen has to offer from world-class shopping and dining to all of the wonderful outdoor activities. This condo is not to be missed! Low dues include heat, water, sewer, trash and $807 toward reserves. Offered furnished. Extras include induction cooktop, steam shower, Lieberrer refrigerator, F and P dishwasher.” 2016 taxes: $4,194; HOA Dues: $2,203 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/26/2017; Sold Date: 09/05/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #144511 – Villager Townhouse, Central Core, 1001 E Cooper Avenue Unit #6, Aspen, CO. Sold Price: $1,987,500/$1,342 sq ft; furnished. More details below photos.
MLS #144511 – Villager Townhouse, Central Core, 1001 E Cooper Avenue Unit #6, Aspen, CO. Sold Price: $1,987,500/$1,342 sq ft; furnished. Aspen townhouse for sale. Ask Price: $2,095,000. (Original Price: $2,200,000 and 472 days on the market since 05/22/2016.) This is a 1965 built and 2005 remodeled, 3 bedroom/3 bath/1 half-bath, 1,481 sq ft townhouse. Broker comments are “Beautiful Villager Townhome with vaulted ceilings and plenty of natural light. 3 bedrooms and 3.5 bathrooms. Interior courtyard with tile flooring and gas fireplace. South facing towards Ajax, on the back of the complex (away from the road) with a private balcony with gas grill. Fully renovated by renowned architects Rowland & Broughton. Includes a wine fridge in the living room wet bar and a wall mounted flat screen TV in each of the bedrooms. Close to Aspen’s great downtown restaurants and shops; 3 blocks to the supermarket, 5 blocks to the Gondola, 6 blocks to the RFTA bus station. One assigned parking space plus additional street parking. Crawl space for extra storage. Common area bicycle storage shed. Great rental history. Low HOA dues. Pets allowed for owners.” 2016 taxes: $5,388; HOA Dues: $1,800 per Qtr. Under Contract Date: 07/28/2017; Sold Date: 09/06/2017. (Photos and broker comments courtesy of Setterfield & Bright)
MLS #149524 – Pitkin Mesa, West Aspen, 230 Pitkin Mesa Drive, Aspen, CO. Sold Price: $1,100,000/$781 sq ft; unfurnished. More details below photos.
MLS #149524 – Pitkin Mesa, West Aspen, 230 Pitkin Mesa Drive, Aspen, CO. Sold Price: $1,100,000/$781 sq ft; unfurnished. Aspen duplex/half-duplex for sale. Ask Price: $1,295,000. (Original Price: $1,495,000 and 85 days on the market since 06/07/2017.) This is a 1976 built and 1999 remodeled, 3 bedroom/2 bath, 1,408 sq ft duplex/half-duplex with 2 car garage. Broker comments are “Incredible Views highlight this well maintained top floor 3 bedroom, 2 bath unit. Gas fireplace, kitchen appliance upgrades, new tile floor in kitchen. Oversized 2 car garage with plenty of storage for toys and 2 cars. This is a must see unit!” 2016 taxes: $2,361. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/25/2017; Sold Date: 08/31/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #149519 – Hunter Creek, Smuggler, 1007 Vine Street, Aspen, CO. Sold Price: $417,000/$835 sq ft; unfurnished. More details below photos.
MLS #149519 – Hunter Creek, Smuggler, 1007 Vine Street, Aspen, CO. Sold Price: $417,000/$835 sq ft; unfurnished. Aspen condo for sale. Ask Price: $440,000. (Original Price: $440,000 and 85 days on the market since 06/13/2017.) This is a 1980 built, studio/1 bath, 499 sq ft condo. Broker comments are “This studio has an ample 499 square feet. The bathroom and kitchen have been updated. The unit is on the ground floor with south facing views towards Aspen Mountain. Relax at the pool or in one of two hot tubs or enjoy a game of tennis. Hike the nearby Hunter Creek trail. Easy walk or shuttle bus ride to downtown Aspen.” 2016 taxes: $677; HOA Dues: $215 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/16/2017; Sold Date: 09/06/2017. (Photos and broker comments courtesy of Hunter Creek Properties)
MLS #148471 – Hunter Creek, Smuggler, 1233 Vine Street 1233, Aspen, CO. Sold Price: $375,000/$868 sq ft; unfurnished. More details below photos.
MLS #148471 – Hunter Creek, Smuggler, 1233 Vine Street 1233, Aspen, CO. Sold Price: $375,000/$868 sq ft; unfurnished. Aspen condo for sale. Ask Price: $405,000. (Original Price: $425,000 and 148 days on the market since 04/12/2017.) This is a 1980 built, studio/1 bath, 432 sq ft condo. Broker comments are “Attractively priced, third floor corner studio faces west with views of the Buttermilk/Tiehack ski area. Step onto the quiet balcony and take in the amazing views this condo has to offer. This unit also features an very large walk in closet. Enjoy all the amenities that Hunter Creek has to offer, Pool, Hot Tubs and Tennis Courts. A short walk, bike ride or take the free bus to town!” 2016 taxes: $720; HOA Dues: $207 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/21/2017; Sold Date: 09/08/2017. (Photos and broker comments courtesy of Hunter Creek Properties)
MLS #149816 – West Aspen, 1001 Express Creek Road, Aspen, CO. Sold Price: $370,000. More details below photos.
MLS #149816 – West Aspen, 1001 Express Creek Road, Aspen, CO. Sold Price: $370,000. Aspen single family vacant lot for sale. Ask Price: $800,000. (Original Price: $800,000 and 64 days on the market since 07/03/2017.) This is a 10.33 acres single family vacant lot. Broker comments are “Pristine 10.33 acre private mountain retreat above Ashcroft. Borders the White River National Forest which provides world class hiking, mountain biking, backcountry skiing, and hunting. Existing 520 sqft cabin sits on a bench in an aspen grove and has jaw dropping views of the upper Castle Creek Valley. Zoned AR-10 which allows for a 5750 sqft home with County approvals. Existing cabin would need to be improved to be usable.” 2016 taxes: $910. Under Contract Date: 07/24/2017; Sold Date: 09/05/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)
MLS #137922 – Stonebridge, 30 Anderson Lane 727, Snowmass Village, CO: Sold Price: $560,000/$495 sq ft; furnished. More details below photos.
MLS #137922 – Stonebridge, 30 Anderson Lane 727, Snowmass Village, CO: Sold Price: $560,000/$495 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $595,000. (Original Price: $995,000 and 914 days on the market since 02/25/2015.) This is a 1969 built, 2 bedroom/2 bath, 1,131 sq ft condo. Broker comments are “Beautifully kept top floor unit with rare enclosed Loft bedroom and bath. The 2 bedroom unit has nice views, balcony, excellent rentals and superior Stonebridge amenities. Designated covered parking space, outdoor pool & much, much more.” 2014 Taxes: $2,431; HOA Dues: $14,987 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/17/2017; Sold Date: 09/06/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #149897 – Woodbridge, 35 Upper Woodbridge Road 33-EF, Snowmass Village, CO: Sold Price: $470,000/$513 sq ft; furnished. More details below photos.
MLS #149897 – Woodbridge, 35 Upper Woodbridge Road 33-EF, Snowmass Village, CO: Sold Price: $470,000/$513 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $470,000. (Original Price: $470,000 and 395 days on the market since 06/16/2016.) This is a 1973 built and 2012 remodeled, 2 bedroom/2 bath/1 loft, 916 sq ft condo. Broker comments are “Beautifully located, sunny, top floor, 2-bedroom + loft condominium. Commanding views of Cont’l Divide and, in winter with leaves off the aspens, big panoramas of ski area and Mt. Daly. Unusual for Woodbridge, 2 decks, one off LR and other off of master – relax in the sun all year from both. Vaulted wood ceilings, woodburning fireplace. All lamps, living room rug and accessories, and all linen brand new. Easy access out of back of bldg to/from ski bridge. Snowmass Ctr just 5 min walk. Also near all shuttle bus stops. NOTE: loft is not legal for sleeping. Special assessment of $1050/qtr for replacement of roofs, boilers, water heaters to June 2021. The quarterly special, along w/ reg assessments, shall be prorated at Closing. Balance of special will be Buyer’s. Asst’s include ALL utilities. Amenities include pool and spa and an easy walk to and from ski bridge to the base of Assay Hill and its chairlift which, at the end of its 5 min length, provides access to the entire ski mountain. Conveniently located near the Snowmass free shuttle bus stop. The RFTA bus stop, as well as the Snowmass Center (P.O., grocery store, restaurants) are all within 5-minute walking distance. Ideal for primary resident or vacation home owner.” 2016 Taxes: $3,034; HOA Dues: $3,000 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/17/2017; Sold Date: 09/01/2017. (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 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 at 970.309.6163 or by email. The Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to this website: “The Estin Report on Aspen Real Estate”
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