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 32, August 2 – 9, 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 (7):MLS #’s:134787,136191,139608,139840,139966,140021,140027. This link is valid until 09/07/2015.

Under Contract/Pending (12):MLS#’s:137345,127935,132160,132162,135904,136512,136663,137037,139247,140030,140250,140306. This link is valid until09/07/2015.

Aspen Snowmass Solds Last Week:

MLS #139608 – Calderwood, Central Core, 1118 E Waters Avenue, Aspen, CO. Sold Price: $12,600,000/$2,161 sq ft; furnished. More details below photos.

MLS #139608 – Calderwood, Central Core, 1118 E Waters Avenue, Aspen, CO. Sold Price: $12,600,000/$2,161 sq ft; furnished. Asking Price: $12,847,000. (Original Price: $12,847,000 and 56 days on the market since 06/08/2015.) This is a 2015 built, 5 bedroom/6 bath/1 half-bath, 5,829 sq ft single family home with 2 car garage on a 9,016 sq ft lot. Broker comments are “Blackbird House/Aspen-a magnificent, contemporary urban mtn retreat, w/ architecture & interior design by internationally-recognized architect, Will Bruder, and just completed by Koru. Located at end of the Waters Ave cul-de-sac parklet, just 3 blocks from gondola. Generously scaled/carefully proportioned, this home frames intimate views of the nature/stream which surround it & captures long views to the gondola, the top of Ute Trail, and toward Smuggler Mtn. Exterior/interior finishes are extraordinary; these and the details and craftsmanship are rarely seen in Aspen homes. The whole house is a celebration of space and light. A/C, Henrybuilt cabinets, Lutron lighting, wine cellar, Savant home automation system; 4 of 5 bdrms above grade; great backyard. This home destined to be published.” 2014 Taxes: $8,595. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/24/2015; Sold Date: 08/03/2015. (Photos and broker comments courtesy of Aspen Snowmass Properties|BJ Adams and Company-SMV)

MLS #139840 – East Aspen, 315 Midland Avenue, Aspen, CO. Sold Price: $5,225,000/1,121 sq ft; furnished. More details below photos.

MLS #139840 – East Aspen, 315 Midland Avenue, Aspen, CO. Sold Price: $5,225,000/1,121 sq ft; furnished. Asking Price: $5,395,000. (Original Price: $5,395,000 and 776 days on the market since 12/21/2012 but quite suddenly in early summer 2015, it was in the sweet spot of buyer’s attention.) This is a 1958 built/2012 full remodel, like new from the studs out, 5 bedroom – all above grade and walkouts/5 bath/2 half-bath, 4,658 sq ft single family home with 2 car garage on a 9,004 sq ft lot. Broker comments are “This newly constructed contemporary home is between Park Avenue and Midland, a charming pedestrian river bridge separates it from the Aspen Core. Walk and bike everywhere in town, to Smuggler Mtn Trail, to Independence Pass and more …this home is located in an up and coming neighborhood with a number of newer homes in the heart of everything. This contemporary home has warm wood finishes and built-ins with fun light fixtures and beautifully custom tiled bathrooms. This sunny site has light throughout the main rooms and a cozy backyard with garden and hot tub. It has wonderful living spaces with views of Aspen Mountain from living room areas and master bedroom. The great room has living room with fireplace, dining area, gourmet kitchen and TV area with powder room. The master bedroom has its own washer and dryer, fireplace and decks with views Aspen Mountain and is sunny and bright. There are five spacious bedrooms and bathrooms in the house, all bedrooms are above grade and have their own walk-out patio space.” 2014 Taxes: $11,754. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/12/2015; Sold Date: 08/07/2015. (Photos and broker comments courtesy of Aspen Sales & Rentals)

MLS #139966 – South Point, Central Core, 205 E Dean Street 3-G, Aspen, CO. Sold Price: $1,500,000/1,530 sq ft; furnished. More details below photos.

MLS #139966 – South Point, Central Core, 205 E Dean Street 3-G, Aspen, CO. Sold Price: $1,500,000/1,530 sq ft; furnished. Asking Price: $1,525,000. (Original Price: $1,525,000 and 25 days on the market since 07/06/2015.) This is a 1967 built and 2013 remodeled, 2 bedroom/2 bath, 980 sq ft condo. Broker comments are “Recently remodeled with new bathrooms, new hardwood floors & carpet, paint and air-conditioning. This wonderful two bedroom, two bathroom condominium is located just two blocks from the gondola and steps from lift 1A! This top floor light and bright condo has stunning views of Red Mountain from the spacious private balcony. The Southpoint is one of the best buildings in Aspen with enclosed hallways, elevator, secure pass code entry, parking garage with bike storage and a private ski locker on the ground floor. HOA well run and only $6,000 a year. HOA owns a unit a unit in the building and leases out to their property manager for onsite management and low association dues. Their is additional storage in the garage and community laundry in addition to laundry in the unit. Great Location!” 2014 Taxes: $2,715; HOA Dues: $5,918 per Year. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/13/2015; Sold Date: 07/31/2015. (Photos and broker comments courtesy of Whitman Fine Properties)

MLS #140021 – Riverside Condos, East Aspen, 1024 E Cooper Avenue 10, Aspen, CO. Sold Price: $1,500,000/$1,456 sq ft. More details below photos.

MLS #140021 – Riverside, East Aspen, 1024 E Cooper Avenue Unit 10, Aspen, CO. Sold Price: $1,500,000/$1,456 sq ft. Asking Price: $1,525,000. (Original Price: $1,525,000 and 23 days on the market since 07/08/2015. The unit sold in 04/27/15 for $962,000 after being on the market since 10/25/12 for 924 days, MLS 127595.) A very successful flip job example = +56% in 3 mos. This is a 1970 built and 2015 remodeled, 2 bedroom/2 bath, 1,030 sq ft condo. Broker comments are “This spectacular remodel is a once in lifetime opportunity. Huge master, large laundry room, walk in closet in master. Penthouse style master and guest suite. Very unique and very private. It’s is simply unique and fabulously redone with sleek finishes, porcelain tile wood finish flooring, brand new kitchen with top appliances. Absolutely gorgeous and very special. Currently rented so showings only with 24 hour notice minimum. Designate parking spot in back. Master is oversized compared to any two bedroom condomimium you will visit. Living room has vaulted ceilings and double flat screen tvs. The deck looks west to get sunsets. Master suite gets morning sun. Guest suite has private ensuite bath and west facing windows. Truly a special gem that is one of kind.” 2014 Taxes: $2,830; HOA Dues: $1,330 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/13/2015; Sold Date: 07/31/2015. (Photos and broker comments courtesy of Whitman Fine Properties)

MLS #134787 – Little Victoria, West End, 634 W Main Unit #4, Aspen, CO. Sold Price: $295,000/714 sq ft; unfurnished. More details below photo.

MLS #134787 – Little Victoria, West End, 634 W Main Unit #4, Aspen, CO. Sold Price: $295,000/714 sq ft; unfurnished. Asking Price: $295,000. (Original Price: $337,500 and 367 days on the market since 06/17/2014.) This is a 1966 built and 2005 remodeled, 1 bath, 413 sq ft condo. Broker comments are “This is it. Reduced for a quick sale. Own your own home in downtown Aspen. The lowest HOA fees in town, and dogs are welcome. Not fractional ownership and not deed restricted.” 2014 Taxes: $654; HOA Dues: $82 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/24/2015; Sold Date: 08/06/2015. (Photos and broker comments courtesy of Aspen Real Estate Company)

MLS #139643 – Little Elk Creek, Old Snowmass, 184 Little Elk Creek Avenue, Snowmass, CO: Sold Price: $1,225,000/$440 sq ft; unfurnished. More details below photos.

MLS #139643 – Little Elk Creek, Old Snowmass, 184 Little Elk Creek Avenue, Snowmass, CO: Sold Price: $1,225,000/$440 sq ft; unfurnished. Asking Price: $1,275,000. (Original Price: $1,350,000 and 323 days on the market since 09/15/2014.) This is a 1971 built and 2011 remodeled, 4 bedroom/3 bath, 2,784 sq ft single family home with 2 car garage on a 59,242 sq ft lot. Broker comments are “1.5 acres in Old Snowmass. Tranquil setting with views of the Elk Mountain Range. First floor master, wood burning fire place, stream running through the property, fire pit, privacy and gardens. Additional detached studio for artist, work shop or office. Solar installed to heat water. Bring your horses – you can have two!!” 2014 Taxes: $3,877; HOA Dues: $545 per Qtr. Under Contract Date: 06/25/2015; Sold Date: 08/04/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #140027 – Meadow Ranch, Snowmass Village, 202 Meadow Ranch, Snowmass Village, CO: Sold Price: $839,000/$465 sq ft. More details below photos.

MLS #140027 – Meadow Ranch, Snowmass Village, 202 Meadow Ranch, Snowmass Village, CO: Sold Price: $839,000/$465 sq ft. Asking Price: $839,000. (Original Price: $839,000 and 59 days on the market since 06/09/2015.) This is a 1976 built, 3 bedroom/1 bath/1 half-bath/1 3/4 bath, 1,801 sq ft Duplex/Half Duplex. No broker comment. 2014 Taxes: $2,092; HOA Dues: $1,518 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/25/2015; Sold Date: 08/07/2015. (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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