The Estin Report Aspen Snowmass Weekly Sales and Statistics: Closed (5) and Under Contract (8): Aug 7 – 14, 11

Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds with the button on the left.

Link to The Estin Report: 1st Half 2011 State of the Aspen Market (released 07/14/11)

See“Mega-mansion Deals Spur Rebound in Aspen Market” , 07/17/11 Sunday Business, Grand Junction Sentinel

Last Week’s Market Highlights – Aspen Snowmass Real Estate Sales and Under Contract Activity: Last week’s real estate sold and under contract activity appears below for the upper Roaring Fork Valley for all property types over $250,000 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted here to preserve an archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (8): MLS# 119541, 108084, 121591, 116889, 114194, 120083, 120156, 121213. Link is valid for 30 days until 9/13/2011. Photos and descriptions of under contracts /pending are not posted unless special circumstances dictate.

Closed (5): MLS#’s 117462, 119620, 112732, 117543, 120223. This link is valid for 30 days until 9/13/2011.

Featured Sold Aspen Properties

SOLD MLS# 117543 – single family home, 44010 E Highway 82 Aspen, CO: Sold Price: $13,500,000/$1,637 sq ft furnished: In the past 8 weeks, there has been activity on (5) homes in the East Aspen/Independence Pass Hwy 82 corridor: (3) homes have closed at $6.17M -$13.5M and (2) others listed at $4.95M and a 7.95M river front property are under contract. (See details and photos on North Star sales activity: MLS 118982, 108407, 119541, 112459, 117543. Link valid for 30 days until 9/14/11.) This low traffic North Star Preserve area is 1 – 2 1/2 miles from downtown Aspen and offers unmatched nature and scenic sightings this close to town. A prime North Star view front land parcel with rights to build up to a 10,750 sf home is available (MLS #117832 Link valid for 30 days until 9/14/11. Contact: Tim Estin 970-920-7387.)

MLS# 117543 – single family home, 44010 E Highway 82 Aspen, CO: Sold Price: $13,500,000/$1,637 sq ft furnished; Ask Price: $15,950,000/$1,933 sq ft. (Original Price: $19,950,000 and 389 days on the market since 7/22/10.) This is a 2010 built, 6 bedroom/6.5 bath, 8,250 sq ft home with 3-car garage on 2.3 acres surrounded on three sides by the 310 acre North Star Nature Preserve. The broker writes, “Irreplaceable site adjucent to Northstar Preserve with exceptional new home, privacy, views, water rights and guest house.” 2009 Taxes: $10,761 Yr. Under contract date: 08/01/11; Sold date: 08/11/11. (Photos and description courtesy of Joshua & CO of Aspen, Inc.)

MLS# 117642 – Aspen Highlands single family home, 105 Exhibition Lane, Aspen, CO: Sold Price: $7,500,000/$835 sq ft furnished;

MLS# 117642 – Aspen Highlands single family home, 105 Exhibition Lane, Aspen, CO: Sold Price: $7,500,000/$835 sq ft furnished; Ask Price: $8,950,000/$996 sq ft. (Original Price: $10,990,000 and 786 days on the market.) This is a 2007 built, 8,982 sf, 6 bedroom/6 bath/ 2 half bath home with a 753 sf 3-car garage. The brokers comments are, “Enjoy stunning panoramic views, ski-in/ski-out access to Aspen Highlands, & the amenities of the adjacent Ritz-Carlton Club from this fabulous custom built estate designed by Charles Cunniffe Architects. Features include impressive stone work, European fixtures throughout, designer furniture, vaulted ceilings, gourmet kitchen w/attached family room, office, gym, massage room w/steam shower, media room, music studio/theater, top of the line Paragon A/V system, 8 fireplaces, wine cellar w/full bar, elevator to all 3 levels, private gated entry, extensive snowmelt system, radiant heat, A/C, humidification system, private rooftop deck, extensive decks & patios w/private hot tub, & a high tech security & CCTV system that allows global/internet monitoring. Free taxi service throughout Aspen.” 2010 Taxes: $43,311 Yr; HOA Fees: $4,461 Yr. Aspen Highlands Village Municipal District Transfer Tax payable by buyer. Under Contract Date: 07/04/11; Sold Date: 08/08/11.(Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS # 120223 – 115 Park Ave., Aspen, CO: Sold Price: $3,350,000/$1,027 sq ft unfurnished

MLS # 120223 – 115 Park Ave., Aspen, CO: Sold Price: $3,350,000/$1,027 sq ft unfurnished; Ask Price: $3,495,000/$1,071 sq ft. (Original Price: $3,950,000 and 143 days on the market since 03/21/11.) This is a 2010 built, 4 bedroom/5.5 bath, 3,263 sq ft home with a 1-car garage on a 6,000 sf lot. 2010 Taxes: $7,897 Yr. Under Contract Date: 07/18/11; Sold Date: 08/11/11. City of Aspen RETT Transfer Tax of 1.5% payable by buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

CLOSED: MLS # 112732 and #119620, Lacocina Building, 308 E. Hopkins Penthouse Unit 2 and Unit 3, (Link valid for 30 days until 9/7/11) Downtown Aspen, CO: Sold Price for both unfinished units $6,275,000/$1,132 sq ft. raw unfinished space: Ask Price: Unit 2: $3,995,000/$2,010 sq ft; Unit 3: $7,995,000/$2,257 sq ft. Upon going under contract, the ask price of the units was reduced to $2.75M and $5.75M each unit or $8.5M sold together. The buyer was represented by Tim Estin.

308 E. Hopkins Penthouse Unit 3 floorplan

308 E. Hopkins Penthouse Unit 3 model

View east toward Independence Pass

308 E. Hopkins Penthouse Unit 2 floorplan

308 E. Hopkins Penthouse Unit 2 model

SOLD: MLS # 112732 and #119620, Lacocina Building, 308 E. Hopkins Penthouse Units 2 and Unit 3, Downtown Aspen, CO: Sold Price for both unfinished units $6,275,000/$1,132 sq ft raw unfinished space: Ask Price: Unit 2: $3,995,000/$2,010 sq ft; Unit 3: $7,995,000/$2,257 sq ft. (Original Prices: Unit 2: $5,500,000, and Unit 3: $9,950,000, $15.45MM and on the market for 669 days since 08/19/09.) These are two brand new rare Penthouse units in the center of downtown Aspen. The price is for the finished units: Unit 2 is a 2 bedroom/2.5 bath, 1,998 sq ft condo with 1-car garage parking; the top floor Unit 3 is a 3 bedroom/3.5 bath, 3,542 sq ft absolutely killer unit with 824 sq ft of patio space and 1-car garage parking. Both are accessed with private off-street entry and elevator. The broker’s description is, “One of a kind opportunity to own a brand new top floor penthouse in the central core of Aspen with direct views of Aspen Mountain and Independence Pass! Design features include a flexible & functional floor plan, elevator, gas fireplace, air conditioning, and spacious snow melt patios to enjoy the outdoor setting year round. Walk to everything including dining, shopping, entertainment, and local parks. Opportunity to select final finishes and trim. This location is unmatchable…Main Street to Monarch Street, left on East Hopkins Avenue. Property is on the left between Elevation & Lu Lu Wilson restaurants.” Approximate 2010 Taxes Unit 2: $2,877 Yr and Unit 3: $5,125 YR; HOA Dues: $500 mos Unit 2 and $829 mos Unit 3. Under Contract Date: 06/16/11; Sold Date: 08/08/11. City of Aspen RETT Transfer Tax of 1.5% payable by buyer.(Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s Aspen Real Estate Blog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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