August 20-27, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (5) + Under Contract / Pending (11)
I am hoping to launch a redesigned site in late August.
The Estin Report: July 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports. The Snapshots are usually posted on or near the 1st Monday of the month.
Excerpt from July 2017 Snapshot:
“The Aspen market continues to be in hyper-sales territory. Activity is and feels super-charged. Add to that, early August is the time when buyers get real estate focused with summer’s ending in sight. This is the busiest time of year. We should see a steady stream of offers and under contracts now through the end of September. The Aspen market is bifurcated: there’s inside the roundabout and there’s outside. Aspen’s most coveted neighborhoods…”
Estin Report: Mid-Year 2017 State of Aspen Real Estate was released in June 2017 in Current Reports. The 32-Page report is available on-line as PDF and is available in print 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 Redevelopmentin 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 (06/14/17) as additional re-sale properties come on the market at significantly higher prices.
A “Read more” link has been recently added under the 1st of last week’s sold properties displayed below. This will improve site performance.
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Market Activity Week 35, August 20 – 27, 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 (5): MLS#s149071, 143663, 150573, 146620, 149234. This link is valid until 9/26/2017.
Under Contract/Pending (11): MLS#s 142752, 142450, 144832, 146486, 146955, 148015, 148036, 148471, 149766, 150149, 150625. This link is valid until 9/26/2017.
Aspen Snowmass Solds Last Week:
MLS #149071 – Summit Place, Central Core, 342 Summit Street, Aspen, CO. Sold Price: $5,625,000/$1,913 sq ft; furnished. More details below photos.
MLS #149071 – Summit Place, Central Core, 342 Summit Street, Aspen, CO. Sold Price: $5,625,000/$1,913 sq ft; furnished. Aspen single family home for sale. Ask Price: $5,990,000. (Original Price: $5,990,000 and 437 days on the market since 12/09/2015.) This is a 1994 built and 2005 remodeled, 3 bedroom/2 bath/1 half-bath/1 3/4-bath, 3,002 sq ft townhome with 2 car garage. Broker comments are “Set at the base of Ajax, this 3 bedroom townhome captivates with stunning views of Aspen Mountain to the South and Red Mountain to the North. A prime location near skiing and the center of town with a flowing floorplan lets in abundant natural light through vaulted ceilings and expansive windows. A tasteful mix of stone and wood combine to create a warm contemporary ambiance. Three bedrooms, all on their own level include two generously sized master suites that offer both intimacy and privacy with their own fireplaces, walk-in closets and full bathrooms. An additional office space is also a quiet sanctuary. For a true wow moment, take the elevator up to the top level, where you will enjoy a sophisticated entertaining space with a fireplace and an outdoor terrace with incredible views.” 2016 taxes: $13,166; HOA Dues: $3,850 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/05/2017; Sold Date: 08/16/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #143663 – Fivetrees Vacant Lot #16, West Aspen, Tbd Powderbowl Trail, Aspen, CO. Sold Price: $2,500,000 sq ft. More details below photos.
MLS #143663 – Fivetrees vacant lot #16, West Aspen, Tbd Powderbowl Trail, Aspen, CO. Sold Price: $2,500,000 sq ft. Aspen single family vacant lot for sale. Ask Price: $2,995,000. (Original Price: $3,250,000 and 489 days on the market since 04/21/2016.) This is a 1.01 acres single family vacant lot. Broker comments are “One of the last available lots in the desirable and well located Five Trees subdivision (map). Fantastic views down valley and up towards Willow. Build up to 10,000 sq.ft. (6,000 above grade and 4,000 below). Plan study available by The Libman Group. Ski access via the private Five Trees Lift to Aspen Highlands. Access to miles of Nordic trails, bike/hike and running trails. Ride your bikes into Aspen for lunch. Walking distance to the Aspen school campus, the Aspen Recreation Center and the community theatre Just a five minute drive to the airport, Maroon Creek Club and downtown Aspen.” 2016 taxes: $22,304; HOA Dues: $60 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/21/2017; Sold Date: 08/23/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #150573 – Lazy Glen, 45 Lazy, Snowmass, CO: Sold Price: $250,000/$266 sq ft; furnished. More details below photos.
MLS #150573 – Lazy Glen, 45 Lazy, Snowmass, CO: Sold Price: $250,000/$266 sq ft; furnished. Old Snowmass mobile home/modular for sale. Ask Price: $260,000. (Original Price: $260,000 and 25 days on the market since 07/17/2017.) This is a 1976 built and 2005 remodeled, 2 bedroom/2 bath, 938 sq ft mobile home/modular on a 5,361 sq ft lot. Broker comments are “Over 100 ft. of Roaring Fork River frontage. Livable home with blond oak cabinets, wood floors & radiant heat. Wonderful deck to take advantage of the river views. HOA property to the east & then Lazy Glen open space with new bridge being built over the river for access. Large workshop/shed.” 2016 Taxes: $1,059; HOA Dues: $258 per Month. Under Contract Date: 07/18/2017; Sold Date: 08/11/2017. (Photos and broker comments courtesy of Engel & Völkers)
MLS #146620 – Melton Ranch Subdivision, 516 Sinclair Road, Snowmass Village, CO: Sold Price: $2,165,000/$540 sq ft; furnished. More details below photos.
MLS #146620 – Melton Ranch Subdivision, 516 Sinclair Road, Snowmass Village, CO: Sold Price: $2,165,000/$540 sq ft; furnished. Snowmass Village single family home for sale. Ask Price: $2,425,000. (Original Price: $2,425,000 and 650 days on the market since 10/05/2015.) This is a 1974 built and 2001 remodeled, 5 bedroom/5 bath/1 half-bath, 4,007 sq ft single family home with 2 car garage on a 33,141 sq ft lot. Broker comments are “Completely staged from top to bottom and ready to move into…Views of all 4 ski mountains! 5 bedrooms, 5 1/2 baths + large family room, office space, big garage with built-ins, sink & work bench, hot tub, lovely perennial gardens and mature trees grace the landscape, extra side parking and snowmelt entry. Quiet, bright and happy home is perfect for raising a family here in the Village or the perfect vacation home. Phenomenal south-facing mountain views, plenty of sunshine, covered outdoor dining flagstone patio, well-appointed suites, one private master suite with a private balcony and floor to ceiling windows, a second private guest master with fireplace, walkin-in closet, deck with huge out-door hot tub and mountain views as well.” 2016 Taxes: $8,504; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/28/2017; Sold Date: 08/18/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)
MLS #149234 – Melton Ranch Subdivision, 46 Meadow Road, Snowmass Village, CO: Sold Price: $1,970,000/$704 sq ft; unfurnished. More details below photos.
MLS #149234 – Melton Ranch Subdivision, 46 Meadow Road, Snowmass Village, CO: Sold Price: $1,970,000/$704 sq ft; unfurnished. Snowmass Village single family home for sale. Ask Price: $1,995,000. (Original Price: $1,995,000 and 81 days on the market since 05/28/2017.) This is a 1974 built and 1999 remodeled, 3 bedroom/3 bath/1 den/1 bonus room, 2,795 sq ft single family home with 2 car garage on a 23,871 sq ft lot. Broker comments are “A sunny, completely remodeled, contemporary family home in a very convenient location overlooking the Snowmass Golf Course. Gorgeous views through tall picture windows to the east and south of the Continental Divide, Snowmass ski trails, golf fairways and pond. Mature landscaping all around the home provides privacy and quiet. A seasonal stream which runs along the south property line can be enjoyed from a sunny dining deck. Features include new kitchen w/ cherry cabinetry/wood floors, a lovely master suite with huge walk-in closet and beautiful bath, a private office w/ separate entry for clients, vaulted wood ceilings, thoughtful, gorgeous lighting, A/C, 2-car garage w/ storage. Right on the Snowmass free shuttle bus and school bus routes. RFTA bus stop to Aspen and Basalt is a short distance away. Across the street from the Snowmass paved biking/hiking trail which meanders throughout the Village and accesses other trails to Aspen and to Sky Mtn Park. Immaculately cared for. Some furniture pieces, including family room bookcase and office desks, may be negotiable. Allowable FAR: 3580 sq ft, so possible room for an addition.” 2016 Taxes: $6,087; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/01/2017; Sold Date: 08/17/2017. (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.
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