Aspen Real Estate Market  Last Week’s Sales: Feb 3 – 10, 19 – Week 5

Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (8).

The Jan 2019 Aspen Snowmass Village Real Estate Market Report Snapshot is posted in Current Reports.  The Monthly Snapshots are posted on or near the 1st Mon. of every month.

The updated Pace of Sales Charts Q1 2007 through Q4 2018 were posted in Charts on Jan 2, 19. These answer the question “Where are we now compared to prior periods?” and indicate market direction with trend lines.

Bi-Annual – Estin Report: Aspen Snowmass Real Estate 2018 YTD and 2017 YR 

Blog Post: Feb 3 – 10, 2019 Aspen CO real estate market activity, Week 5

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: 145489, 152217, 154057, 155848, 156497, 156755, 157093, 157679. This link is valid until 3/12/2019.

Under Contract/Pending (8): MLS#s: 141832, 148687, 149732, 152205, 152441, 154789, 156042, 157209. This link is valid until 3/12/2019.

Sold Properties Last Week:

MLS #154057 – Red Mountain, 220 American Lane, Aspen, CO; Vacant lot/land for Sale: Sold Price: $21,000,000. More details below photos.

MLS #154057 – Red Mountain, 220 American Lane, Aspen, CO; Vacant lot/land for Sale: Sold Price: $21,000,000. Aspen lots for sale. Ask Price: $27,500,000. (Original Price: $29,950,000 and 322 days on the market since 03/23/2018.) This is a 5.64 acres single family vacant lot. Broker comments are “An opportunity to own a significant piece of Aspen’s prestigious real estate with sensational views and privacy. With full approvals for a 19,750 Sq Ft home, this is the last home of this size approved in the county and it’s less than 3 minutes from downtown. The premium 5.64 acre lot is one of 5 sites on a 33 acre compound. Situated at the base of Red Mountain, the parcel (site plan) boasts unobstructed views of Aspen Mountain and expansive vistas to the east and west. Plans for a mountain contemporary home are ready to submit for permit after buyer reviews and revises to his/her vision. All utilities will be brought to lot line including electric, gas, water, and sewer. Dry utility also in place (for Comcast, etc). Major excavation completed. Pump house being moved to lot line. Building envelope: 1.4 acres or 61,000 sq. ft. + 25,000 sq. ft. of landscape. Water finalized with water and sanitation dept. Architectural plans are based on the seller’s personal home which we can show as the model. Separate structures: 1000 SF detached quarters and can have a kitchen, Separate structure with whatever amount of square footage attached to main structure by breezeway or underground walkway but cannot have a kitchen.” 2017 taxes: $20,288. Under Contract Date: 02/05/2019; Sold Date: 02/08/2019. (Photos and broker comments courtesy of Compass)

MLS #157093 – Aspen Townhouse Central Condominiums, Central Core, 124 E Durant Avenue 7, Aspen, CO: Sold Price: $2,600,000/$2,284 sq ft. More details below photos.

MLS #157093 – Aspen Townhouse Central Townhomes, Central Core, 124 E Durant Avenue 7, Aspen, CO: Sold Price: $2,600,000/$2,284 sq ft. Aspen townhomes for sale. Ask Price: $2,799,000. (Original Price: $2,899,000 and 450 days on the market since 10/14/2017.) This is a 1968 built and 2017 remodeled, small 3 bedroom/2 bath, 3-level, 1,138 sq ft townhome. Tim’s notes: This is excellent example of recent “flip job”, an older unit in a great location undergoing total remodel transformation and selling for 53% gross appreciation after. Broker comments are “The Aspen Townhouse on Koch Park: Walk everywhere from this rarely available 3-bedroom townhome that has just been completely renovated by the premier Aspen builder, Hansen Construction. The stunning three-level design features a top floor master bedroom, luxurious master bath, spacious walk-in closet, and great entertaining deck with views of Aspen Mt; a main level chef’s kitchen with island seating and a well-appointed living room; and a lower level with two perfectly designed guest suites, a shared bathroom, and a full laundry room. No detail has been overlooked and no expense has been spared in this remodel. Price includes 3 years of a free ski locker rental at Aspen Mountain. At the base of the new Lift 1A corridor so you can enjoy all of the new ski amenities and restaurants/bars.” 2017 taxes: $3,251; HOA Dues: $5,260. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/17/2019; Sold Date: 02/07/2019. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)

MLS #156497 – Hunter Creek, Smuggler, 214 Vine Street, Aspen, CO: Sold Price: $565,000/$949 sq ft; furnished. More details below photos.

MLS #156497 – Hunter Creek, Smuggler, 214 Vine Street, Aspen, CO: Sold Price: $565,000/$949 sq ft; furnished. Aspen condos for sale. Ask Price: $575,000. (Original Price: $575,000 and 97 days on the market since 10/16/2018.) This is a 1980 built and 2015 remodeled, 1 bedroom/1 bath, 595 sq ft condo. Broker comments are “Great investment property. Furnished and ready to move right in. Remodeled 2015, stainless steel appliances, private wooded back yard with sound of the creek year round. Shuttle or walk to town. Laundry and Mail inside this building, A real plus for Hunter Creek.” 2015 taxes: $1,165; HOA Dues: $255. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/07/2018; Sold Date: 01/21/2019. (Photos and broker comments courtesy of Aspen Resort Accommodations DBA ARA Real Estate)

MLS #156755 – Mountain River Manor Condominiums, Central Core, 900 E Hopkins Avenue 2, Aspen, CO: Sold Price: $345,000/$1,245 sq ft; furnished. More details below photos.

MLS #156755 – Mountain River Manor Condos, Central Core, 900 E Hopkins Avenue 2, Aspen, CO: Sold Price: $345,000/$1,245 sq ft; furnished. Aspen condos for sale. Ask Price: $395,000. (Original Price: $395,000 and 92 days on the market since 11/01/2018.) This is a 1972 built, studio/1 bath, 277 sq ft condo. Broker comments are “Great investment property. Downtown studio apartment within walking distance to gondola, restaurants and shops. In complex laundry. Steps away from the Roaring Fork River.” 2017 taxes: $771; HOA Dues: $4,600. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/18/2019; Sold Date: 02/01/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #155848 – Ridge Run, 305 Deer Ridge Road, Snowmass Village, CO: Sold Price: $4,695,000/$946 sq ft; furnished. More details below photos.

MLS #155848 – Ridge Run, 305 Deer Ridge Road, Snowmass Village, CO: Sold Price: $4,695,000/$946 sq ft; furnished. Snowmass Village homes for sale. Ask Price: $4,895,000. (Original Price: $4,895,000 and 164 days on the market since 08/27/2018.) This is a 1987 built and 2018 remodeled, 5 bedrooom/5 bath/1 half-bath, 4,960 sq ft single family home with 2 car garage on a 37,461 sq ft lot. Broker comments are “This five bedroom plus den and family room has been magnificently renovated to today’s style and standard. Located on one of Ridge Run’s most private streets and just a short walk to the ski slopes, this is the ultimate in mountain homes. Enjoy the panoramic views from Mt. Daly to Wildcat Ridge. The master suite is located on its own level with three guests suites on the lower level with walk-out access to the patio and hot tub. Vaulted ceilings and roomy, yet comfortable spaces make this a one of a kind in Snowmass Village.” 2018 taxes: $15,768; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/09/2019; Sold Date: 02/07/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #152217 – Base Village/Lumin Penthouse Condominium, 61 Wood Road 01, Snowmass Village, CO: Sold Price: $6,100,000/$1,857 sq ft. More details below photos.

MLS #152217 – Snowmass Base Village/Lumin Penthouse Condominium, 61 Wood Road 01, Snowmass Village, CO: Sold Price: $6,100,000/$1,857 sq ft. Snowmass Village condos for sale. Ask Price: $6,300,000. (Original Price: $6,300,000 and 389 days on the market since 01/12/2018.) This is a 2018 built, 4 bedrooom/4 bath/1 half-bath, 3,284 sq ft condo. Tim’s notes: The Snowmass Base Village has undergone a beautiful transition from the Related Companies’ recession days. The 11-year project is finally approaching full realization and much excitement surrounds the resort. The Lumin Penthouse represents the the very best of the new SMV offerings. This selling price is 1/3 the cost of an equivalent brand new downtown Aspen penthouse for sale which would sell anywhere from $5,500-$10,000 sq ft (the current prices of Aspen penthouses for sale).  Broker comments are “LUMIN – Magnificent penthouse residence featuring four bedrooms and 4.5 bathrooms. Expansive, sun-drenched great room with vaulted ceilings and two separate living spaces, each with their own fireplace and outdoor deck with mountain views. Large gourmet with contemporary European appliances by Gaggenau. Private elevator landing. Ownership includes free unlimited skiing for two to all four of Aspen’s mountains, exclusive access to the Mountain Club at Snowmass, free breakfast in Limelight hotel, parking, transportation, storage, and all the Snowmass Base Village Plaza activities at your fingertips.” 2018 taxes: $46,178; HOA Dues: $64,515 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/24/2019; Sold Date: 02/05/2019. (Photos and broker comments courtesy of SV Real Estate)

MLS #157679 – Timberline Condominiums, 690 Carriage Way C3C, Snowmass Village, CO: Sold Price: $515,000/$545 sq ft; furnished. More details below photos.

MLS #157679 – Timberline Condominiums, 690 Carriage Way C3C, Snowmass Village, CO: Sold Price: $515,000/$545 sq ft; furnished. Snowmass Village condos for sale. Ask Price: $525,000. (Original Price: $525,000 and 13 days on the market since 01/24/2019.) This is a 1972 built, 1 bedrooom/2 bath, 944 sq ft condo. No broker comments. 2018 taxes: $1,859. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/24/2019; Sold Date: 02/06/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #145489 – Wood Run, 144 Bridge, Snowmass Village, CO: Sold Price: $2,750,000. More details below photos.

MLS #145489 – Wood Run Subdivision, 144 Bridge, Snowmass Village, CO; Vacant land / lot for Sale; Sold Price: $2,750,000. Snowmass Village Vacant lots for sale. Ask Price: $2,950,000. (Original Price: $2,750,000 and 740 days on the market since 08/04/2016.) This is a 35,404 sq ft single family vacant lot. Broker comments are “Great Ski in, Ski out lot directly on the Private Guggenheim ski trail. Great views too. Build over 6000 of improvements(including garage and mechanical room space). Owner can build to suit. By far the least expensive direct ski in ski out lot available in Snowmass Village. Existing 4 bedroom house on lot can be rented while you design new home.” 2015 taxes: $6,561; HOA Dues: $95 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/12/2018; Sold Date: 08/15/2018. (Photos and broker comments courtesy of Sweeney Real Estate)

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