Aspen Real Estate Market  Last Week’s Sales: Aug 4 – 11, 19 – Week 32

Closed (9) + Under Contract / Pending (11).

The July 2019 & YTD Aspen Real Estate Market Snapshot has been posted in Current Reports. See Bottom Line Comments. The Monthly Snapshots are posted on or near the 1st Monday of every month. 

Bi-Annual – Estin Report: Aspen Snowmass Real Estate Market 2019 ws

The updated Pace of Sales Charts Q2 2008 through Q2 2019 were posted in Charts on July 17, 19.
These 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

Blog Post: Aug 4 – 11, 2019 Aspen CO real estate market activity, Week 32

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 (9):  MLS#s: 145867, 150584, 151299, 155280, 155577, 156479, 157707, 158244, 159695.  This link is valid until 9/10/2019.

Under Contract/Pending (11): MLS#s: 160829, 134953, 151995, 154888, 157075, 157214, 157282, 158452, 158607, 158972, 159432.  This link is valid until 9/10/2019.

Sold Properties Last Week:

MLS #151299 – Riverside, East Aspen, 440 S Riverside Avenue, Aspen, CO: Sold Price: $13,300,000/$2,365 sq ft. Sold Date: 08/07/2019. More details below photos.

MLS #151299 – Riverside, East Aspen, 440 S Riverside Avenue, Aspen, CO: Sold Price: $13,300,000/$2,365 sq ft. Sold Date: 08/07/2019. Aspen homes for sale. Ask Price: $13,995,000. (Original Price: $15,995,000 and 1,086 days on the market since 08/11/2016.) This is a 2019 built, 5 bedroom/7 bath, 5,622 sq ft single family home with 2 car garage on a 6,092 sq ft lot. Broker comments are “Priced to sell this summer. This brand new, single-family home on Riverside Ave is perfectly positioned to maximize sunlight, Aspen Mountain views, and the rolling sounds of the Roaring Fork River. Surrounded on three sides by open space, this lot is protected from future development. Just three blocks to city market, a short stroll to all downtown Aspen has to offer. This Bowden Home has it all, with over 5600 sf of heated living, 5 bedroom suites, 7 baths, open floor plan for great entertaining, and a huge media room with custom bar and game area – all wrapped in warm, Aspen modern interiors.” 2015 taxes: $22,581. Under Contract Date: 07/08/2019; Sold Date: 08/07/2019. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #156479 – Ridge of Red Mountain, 75 Bennett Court, Aspen, CO: Sold Price: $4,748,500/$1,677 sq ft; unfurnished. Sold Date: 08/07/2019. More details below photos.

MLS #156479 – Ridge of Red Mountain, 75 Bennett Court, Aspen, CO: Sold Price: $4,748,500/$1,677 sq ft; unfurnished. Sold Date: 08/07/2019. Aspen homes for sale. Ask Price: $5,395,000. (Original Price: $5,395,000 and 1,014 days on the market since 08/15/2017.) This is a 1981 built and 2014 remodeled, 4 bedroom/3 bath, 2,930 sq ft single family home with 3 car garage on a 24,718 sq ft lot. Broker comments are “This is a rare opportunity to own property on the exclusive Ridge of Red Mountain in this price range. This 4-bedroom, 3-bath property is priced at land value. The house is very livable or rentable while you design your dream home. Located at the end of a quiet cul-de-sac, this property is ready for a remodel or for a new building project. The lot is 24,718 sq. ft. with 270-degree views. Enjoy spectacular views & mountain sunsets to the west, Red Mountain & Hunter Creek views to the north, & Aspen Mt, Aspen Highlands & Buttermilk Mt. panoramas to the south. You can currently build 5,750 sq. ft., 3,160 above grade, 1,840 below grade & a 750 sq. ft. garage. Maximize the home to 7,963 sq. ft. by purchasing a county TDR. This is a great value in the most exclusive neighborhood in Aspen. 7,963 SF, which would include a 3-car garage, a lower level of 4000 SF & 2 additional above grade stories for double height living & a master with a commanding view, an excellent opportunity for a great home.” 2015 taxes: $5,357; HOA Dues: $260. Under Contract Date: 08/02/2019; Sold Date: 08/07/2019. (Photos and broker comments courtesy of Compass Aspen)

MLS #155280 – Central Core, 704 E Hyman Avenue, Aspen, CO: Sold Price: $5,250,000/$2,031 sq ft; partially furnished. Sold Date: 08/02/2019. More details below photos.

MLS #155280 – Central Core, 704 E Hyman Avenue, Aspen, CO: Sold Price: $5,250,000/$2,031 sq ft; partially furnished. Sold Date: 08/02/2019. Aspen condos for sale. Ask Price: $5,750,000. (Original Price: $6,500,000 and 391 days on the market since 06/01/2018.) This is a 1988 built, 3 bedroom/3 bath, 2,584 sq ft condo with 1 car garage. Broker comments are “Location, Location, Location. This perfectly located 3 Bedroom, 3 Bath townhouse in the core features many windows and skylights creating a light and airy living space. Perfect for those looking to be in the center of the action. Private off street parking and a 1 car garage.” 2018 taxes: $15,117; HOA Dues: $14,792. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/10/2019; Sold Date: 08/02/2019. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #150584 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue 14-A, Aspen, CO: Sold Price: $2,220,000/$2,288 sq ft; furnished. Sold Date: 08/07/2019. More details below photos.

MLS #150584 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue 14-A, Aspen, CO: Sold Price: $2,220,000/$2,288 sq ft; furnished. Sold Date: 08/07/2019. Aspen condos for sale. Ask Price: $2,298,500. (Original Price: $2,400,000 and 724 days on the market since 08/12/2017.) This is a 1969 built and 2014 remodeled, 2 bedroom/2 bath, 970 sq ft condo. Broker comments are “A beautifully remodeled 2 bedroom 2 bath unit on the Roaring Fork River and only blocks away from the Gondola, restaurants, and shopping in the Aspen Core. Elegant, comfortable furnishings, with a fireplace and desk area. Amenities are an elevator to each floor, hot tubs, swimming pool, conference center, a bus shuttle outside the door and lots of onsite parking.” 2016 taxes: $3,349; HOA Dues: $3,632 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/08/2019; Sold Date: 08/07/2019. (Photos and broker comments courtesy of Compass Aspen)

MLS #145867 – Aspen Main Office Condo, West End, 220 W Main Street Various, Aspen, CO: Sold Price: $1,035,000/$856 sq ft. Sold Date: 08/01/2019. More details below photos.

MLS #145867 – Aspen Main Office Condo, West End, 220 W Main Street Various, Aspen, CO: Sold Price: $1,035,000/$856 sq ft. Sold Date: 08/01/2019. Aspen commercial industria for sale. Ask Price: $1,150,000. (Original Price: $1,400,000 and 1,067 days on the market since 08/29/2016.) This is a 1985 built, 6-10 units, 1,208 sq ft commercial industria. Broker comments are “Great opportunity to own 31% of great, small Main St office building. Space includes all top floor offices plus subgrade and parking. Two offices have straight Aspen Mtn views and direct street exposure. Low HOA dues. Excellent condition, recent upgrades, clean, 2 public restrooms. All now leased through 2018 or 2019. HOA dues include all expenses except cable/internet/phone. Budget & HOA info attached under Docs. Easy to view by walking through M-F, 9-5am, or call for an appointment to view in detail.” 2016 taxes: $5,737; HOA Dues: $2,392 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/06/2019; Sold Date: 08/01/2019. (Photos and broker comments courtesy of Schmidt RE)

MLS #155577 – Pines @ Owl Creek, 540 Pine Crest Drive, Snowmass Village, CO: Sold Price: $8,575,000/$1,363 sq ft; furnished. Sold Date: 08/05/2019. More details below photos.

MLS #155577 – Pines @ Owl Creek, 540 Pine Crest Drive, Snowmass Village, CO: Sold Price: $8,575,000/$1,363 sq ft; furnished. Sold Date: 08/05/2019. Snowmass Village homes for sale. Ask Price: $9,975,000. (Original Price: $10,500,000 and 363 days on the market since 08/07/2018.) This is a 2018 built, 6 bedroom/6 bath/2 half-bath, 6,287 sq ft single family home with 3 car garage on a 1.01 acres lot. Broker comments are “One of the most accessible Ski-in, Ski-out houses in The Pines. Brand new construction, just completed in Winter 2019, this masterfully designed home has all the bells and whistles for a perfect ski home. There are multiple spots to jump on your skis and hit the ski trail and the home boasts a generous ski locker area. There are 6 en-suite bedrooms, including a master suite that is sure to impress. The open living plan on the main level makes for fun and functional luxury living, with a separate room for dining or library/office space. A large entertaining deck extends from the living area. The ground floor features a large media/recreation room and 3 car garage. Fine finishes are used throughout and the living area features an art TV. The home was built by Janckila Construction and designed by KADesignworks with interiors by Tanya Simpson Miller Design. Seller has informed Listing Broker and Brokerage Firm of Seller’s existing Bankruptcy situation, which creates both a need to sell the Property, and additional time in accomplishing a Sale (including the need to obtain the agreement of the Bankruptcy Court in satisfaction of Seller’s existing obligations).” 2018 taxes: $46,655; HOA Dues: $6,090. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/01/2019; Sold Date: 08/05/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Basalt)

MLS #159695 – Ridge Run, 1173 Faraway Road, Snowmass Village, CO: Sold Price: $2,100,000/$950 sq ft; unfurnished. Sold Date: 08/05/2019. More details below photos.

MLS #159695 – Ridge Run, 1173 Faraway Road, Snowmass Village, CO: Sold Price: $2,100,000/$950 sq ft; unfurnished. Sold Date: 08/05/2019. Snowmass Village homes for sale. Ask Price: $2,375,000. (Original Price: $2,495,000 and 63 days on the market since 06/03/2019.) This is a 1969 built and 2015 remodeled, 4 bedroom/3 bath, 2,209 sq ft single family home with 2 car garage on a 36,575 sq ft lot. Broker comments are “Located on an enviable corner lot among towering Aspen trees with beautiful landscaping sits a 2,209 sf jewel-box. A 511 sf garage offers room for two cars and plenty of toys. An elevated 565 square foot deck off the living and kitchen areas with an outdoor wood burning fireplace offers an ideal spot for tree-shaded summer dining. With a circular driveway accessing both Ridge and Faraway Road, this low-maintenance home is perfect as a ski or summer escape or it can be a year-round family home offering access to the Aspen School District. Renovated extensively in 2014/15, including bathrooms, kitchen appliances, fresh paint, carpet, A/C and many other improvements. See full list under Documents. Timbers Club Social available – See Addendum.” 2018 taxes: $4,337; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/05/2019; Sold Date: 08/05/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #158244 – Wildridge, 104 Wildridge Lane, Snowmass Village, CO: Sold Price: $1,405,000/$573 sq ft; unfurnished. Sold Date: 08/06/2019. More details below photos.

MLS #158244 – Wildridge Subdivision, 104 Wildridge Lane, Snowmass Village, CO: Sold Price: $1,405,000/$573 sq ft; unfurnished. Sold Date: 08/06/2019. Snowmass Village homes for sale. Ask Price: $1,675,000. (Original Price: $1,675,000 and 2,188 days on the market since 08/27/2015.) This is a 1978 built and 1990 remodeled, 3 bedroom/3 bath, 2,452 sq ft single family home with 2 car garage on a 17,486 sq ft lot. Broker comments are “Enjoy breathtaking views from the Continental Divide to the Snowmass Ski Area and Rim Trail from this mountain home privately located at the end of a quiet cul-de-sac in Snowmass Village. Minutes from skiing and golf and located in the Aspen school district (bus stop is nearby). An excellent opportunity for a remodel – either small – or large-scale. The home is comfortable as-is (with some upgrades) or create a stunning mountain retreat with a more extensive renovation. The owner has conceptual plans which can be shared.” 2018 taxes: $5,774; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/27/2019; Sold Date: 08/06/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #157707 – Woodbridge, 35 Upper Woodbridge Road 20A, Snowmass Village, CO: Sold Price: $405,000/$454 sq ft; unfurnished. Sold Date: 08/05/2019. More details below photos.

MLS #157707 – Woodbridge, 35 Upper Woodbridge Road 20A, Snowmass Village, CO: Sold Price: $405,000/$454 sq ft; unfurnished. Sold Date: 08/05/2019. Snowmass Village condos for sale. Ask Price: $429,000. (Original Price: $459,000 and 187 days on the market since 01/30/2019.) This is a 2 bedroom/2 bath, 891 sq ft condo. Broker comments are “Calling all builders & investors! 2B Woodbidge condo with incredible views in all directions. Conveniently located on the path to Clarks Market and the Center and steps away from the shuttle stop. A must see for those looking to get into Snowmass Village or those seeking a time tested rental stalwart.” 2018 taxes: $1,638; HOA Dues: $11,540. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/22/2019; Sold Date: 08/05/2019. (Photos and broker comments courtesy of Engel & Volkers)

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