The Estin Report: July YTD 2015 Aspen Snowmass Monthly Market Snapshot was posted 08/0315 in Current Reports. The Snapshots are released on or near the 1st of each month.

The 1st Half 2015 State of the Aspen Market Report is in process.

The Estin Report: The 4th Quarter and Year 2014 State of the Aspen Real Estate Market was released online Feb 7th inCurrent Reports.The print edition is available in racks around town and at Sotheby’s offices at 415 Hyman St Mall and 300 Spring Street (my office) opposite the new Aspen Art Museum.

See recent Before/After redevelopment ‘flip job’ examplesin Miscellaneous Info at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (last – 08/02/15) as additional re-sale properties come on the market at significantly higher prices.

Last week’s Aspen and Snowmass sales activity appears below. Scroll down the page for 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 search the blog archives by year and date to 2008. Or useSearchEstinAspenin the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen, the information should be here.

Market Activity Week 34, August 16- 23, 2015

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass 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.

Closed (5):MLS #’s:139810,139850,139091,139082,139912. This link is valid until 09/21/2015.

Under Contract/Pending (8):MLS#’s:135487,137747,134805,137379,138812,139404,140348,140637. This link is valid until09/21/2015.

Aspen Snowmass Solds Last Week:

MLS #139810 – East Aspen, 110-116 Difficult Lane, Aspen, CO. Sold Price: $10,500,000/$2,441 sq ft; unfurnished. More details below photos.

MLS #139810 – East Aspen, 110-116 Difficult Lane, Aspen, CO. Sold Price: $10,500,000/$2,441 sq ft; unfurnished. Asking Price: $11,500,000. (Original Price: $11,500,000 and 53 days on the market since 06/26/2015.) This is a1990 built, 3 bedroom/2 bath, 4,300 sq ft single family home on a one-of-kind 126,324 sqft, or 2.9 acre lot surrounded by USFS National Forest. Broker comments are “Rarely do legacy properties like this one become available in Aspen. A three acre riverfront preserve surrounded by National Forest Service Land. Gold Medal fly fishing literally out your back door and soul-inspiring mountain vistas. For the nature lover the flora and fauna is abundant with beautiful wild flowers, butterflies and double rainbows. This remarkable sanctuary is located just 3.5 miles from the vibrancy of downtown Aspen. Whether you choose to build a 10,700 sq. ft. custom home for you and your family or prefer the historic authenticity of the three existing structures, an opportunity to enjoy a property like this may never present itself again.” 2014 Taxes: $8,071. Under Contract Date: 07/10/2015; Sold Date: 08/18/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)

MLS #139850 – Townsite of Aspen, West End, 533 W Hallam Street, Aspen, CO. Sold Price: $4,300,000/$1,908 sq ft; unfurnished. More details below photos.

MLS #139850 – Townsite of Aspen, West End, 533 W Hallam Street, Aspen, CO. Sold Price: $4,300,000/$1,908 sq ft; unfurnished. Asking Price: $4,600,000. (Original Price: $4,600,000 and 80 days on the market since 05/26/2015. The buyerhas turned around on 08/21/15 and listed the property for sale at $4,995,000.) This is a 1886 built and 1995 remodeled, 4 bedroom/3 bath/1 half-bath, 2,253 sq ft single family home with a 1 car garage on a 6,000 sq ft lot. Broker comments are “Lovingly maintained West End Victorian with a picture perfect corner location. Wonderful as is or remodel as you wish.” 2015 Taxes: $8,692. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/27/2015; Sold Date: 08/14/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #139091 – Aspen Club, East Aspen, 1430 Crystal Lake Road, Aspen, CO. Sold Price: $2,400,000/$944 sq ft; furnished. More details below photos.

MLS #139091 – Aspen Club, East Aspen, 1430 Crystal Lake Road, Aspen, CO. Sold Price: $2,400,000/$944 sq ft; furnished. Asking Price: $2,750,000. (Original Price: $2,750,000 and 117 days on the market since 04/22/2015.) This is a 1876 built and 1997 remodeled, 4 bedroom/4 bath, 2,541 sq ft townhouse. Broker comments are “Charming Aspen Club townhome steps from the Roaring Fork River and world-famous Aspen Club & Spa. Front-row views of Aspen Mountain and Independence Pass. High ceilings, south-facing windows and decks enliven the central living area, while quiet, cozy bedrooms located above and below provide an ideal floorplan for extended family vacations or couple’s getaway. Stargaze from the rooftop deck, fish out the front door, or gather those bikes and boots for miles of exploring and family fun. Move in today or design your dream for tomorrow. Practically perfect in every way.” 2014 Taxes: $5,107; HOA Dues: $9,294 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/11/2015; Sold Date: 08/17/2015. (Photos and broker comments courtesy of Aspen Snowmass Properties|BJ Adams and Company – Aspen)

MLS #139082 – Chateau Dumont, Central Core, 715 E Durant Ave, Unit #1, Aspen, CO. Sold Price: $955,000/$1,005 sq ft. Asking Price: $995,000. More details below photos.

MLS #139082 – Chateau Dumont, Central Core, 715 E Durant Ave, Unit #1, Aspen, CO. Sold Price: $955,000/$1,005 sq ft. Asking Price: $995,000. (Original Price: $995,000 and 91 days on the market since 05/15/2015.) This is a 1968 built, 2 bedroom/2 bath, 950 sq ft condo. While upper floor Chateau Dumont and Chateau Chaumont, side by side condo complexes within 1/2 block to the Aspen mountain Gondola, are likely to be impacted by the new construction of a 4-floor Sky Hotel, the negative impact on this ground flor unit will be negligible, and perhaps even enhanced by alley way improvements which are part of the Sky’s rebuild plan. Broker comments are “Ground floor 2 bedroom condo with A+ location…steps away from Aspen’s Silver Queen gondola! Convenient walking distance to all of Aspen’s restaurants and shopping. Only one of the few condos listed for under $1 million in Aspen’s downtown core. Open kitchen/living area with woodburning fireplace. Perfect opportunity for a remodel and investment. South-facing corner unit with plenty of light. Heated garage parking!” 2014 Taxes: $2,028; HOA Dues: $1,753 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/15/2015; Sold Date: 08/14/2015. (Photos and broker comments courtesy of Leverich & Carr)

MLS #139912 – Hunter Creek, Smuggler, 214 Vine Street, Aspen, CO. Sold Price: $513,000/$862 sq ft; furnished. More details below photos.

MLS #139912 – Hunter Creek, Smuggler, 214 Vine Street, Aspen, CO. Sold Price: $513,000/$862; furnished. Asking Price: $525,000. (Original Price: $525,000 and 45 days on the market since 07/03/2015.) This is a 1980 built and 2015 remodeled, 1 bedroom/1 bath, 595 sq ft condo. Broker comments are “Lovely turnkey furnished ready to move right in. Stainless appliances and Newly painted. The back yard is a private wooded setting with the sound of the creek year round. Walk to town or shuttle right there to take.” 2014 Taxes: $936; HOA Dues: $200. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/20/2015; Sold Date: 08/17/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

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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 at970.309.6163or by email.The Estin Report is copyrighted 2015 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:“The Estin Report on Aspen Real Estate.”

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