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The Estin Report: Aspen Snowmass Real Estate 2010 Full Year
Posted 12/24/10; rev 01/08/11 to reflect all sales through Dec 31, 2010.
Last Week’s Market Highlights – Aspen and Snowmass Real Estate Sales and Under Contract Activity: Last week’s real estate sales activity appears below for the upper Roaring Fork Valley for all property types over $250,000 excluding fractionals in Aspen, Snowmass Village, Woody Creek and Old Snowmass (although Residences at Little Nell and Dancing Bear are included due to their higher fractional price points). Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted to keep an archive of sold market activity.
Spreadsheet Summary of Last Week’s Aspen Real Estate Sales and under contract activity, see The Estin Report: Aspen Snowmass Weekly Sales Statistics, Dec. 26 – Jan. 2, 2011
Closed (8): MLS’#s 116912, 111903, 119272, 115147, 116345, 107928, 116466, 111195. This link to MLS photos and details is valid for 30 days until 1/31/2011.
MLS# 116912 – 1375 Red Mountain Road, Aspen, CO: Sold Price: $14,000,000/$1,346 sq ft; Ask Price: $19,950,000/$1,918 sq ft. (Original price: $28,000,000 and 975 days on market since 2/13/08).This is a 2007 built 6 bedroom/6 bath/4 half bath, 10,398 sq ft contemporary home on Red Mountain overlooking the town of Aspen and with 180 degree big mountain views – one of Aspen’s premier neighborhoods.Broker comments, “This gracious new 6-bedroom home has breathtaking 180-degree views and is perfect for entertaining! Superior high-end finishes and an open floor plan with unobstructed vistas from every room make this a top choice to show to your most discriminating buyers. Special features–all showers are steam, wine room, media room, numerous wet bars, Chef’s kitchen, fireplaces, stone terraces, full outdoor kitchen, waterfall, infinity-edge pool, spa, and more! ” 2009 Taxes: $28,470 Yr. Under Contract Date: 12/27/10; Sold Date:12/30/10 (Photos and description courtesy of SDS Real Estate, Inc.)
MLS# 115147 – single family Snowmass home in Horse Ranch Subdivision, 51 Trail Rider Lane Snowmass Village, CO: Sold Price: $2,350,000/$670 sq ft; Ask Price: $2,950,000 /$840 sq ft (Original price:$3,375,000 and 298 days on the market since 03/05/10). This is a 1999 built, 6 bedroom/5 bath/1 half bath, 3,509 sq ft home in one of Snowmass Village’s newer subdivisions, Horse Ranch created in mid to late 1990’s. Broker writes, “six bedroom home on the best lot in Horse Ranch bordering vast open space with awesome views! Beautifully landscaped with ponds and a stream, Three car garage, close to the free shuttle, nicely furnished and easy to show. This home is priced to sell; you’d be remiss if you don’t show your clients this home. It’s the best buy in the Village”. 2009 Taxes: $11,071 YR. Town of Snowmass Transfer Tax of 1% applies to buyer.Under contract date: 11/26/10; Sold date: 12/27/10.(Photos and description courtesy of Alpine Real Estate, Inc)
MLS# 116345 – Aspen Alps condominium at Aspen Mountain Base, 700 S. Ute Ave. #501, Aspen, CO: Sold Price: $1,250,000/$1,028 sq ft; Ask Price: $1,750,000/$1,440 sq ft (Original price: $1,995,000 and 439 days on the market since 09/30/10).This is a 2 bedroom/ 2 bath, 1,215 sq ft Aspen Alps – full amenity condominium complex at the Aspen Gondola base.Broker writes, “Watch the skiers and gondola go by on your private deck. Located on the ski slope up the hill, it has the best location and views in the Alps complex. The Alps amenities include health club, sauna, pool, jacuzzi, tennis courts and courtesy van.” 2009 Taxes: $2,862 YR. HOA Dues: not published. Under contract date: 11/11/10; Sold date: $12/30/10. (Photos and description courtesy of Raczak Real Estate CO Inc).
MLS# 119272 – new single family home on Red Mountain, 355 Ridge Road, Aspen, CO: Sold Price: $13,813,000/$1,605 sq ft; Ask and Original Price:$21,000,000/$2,441 sq ft. (Sold before MLS publication and 8 days on the market). This is a 2009 built, 6 bedroom/6 bath/3 half bath, 8,602 sq ft Red Mtn contemporary home on 1.1 acres.Broker comments, “Exquisite new home with killer views, pond, stream, and high-end finishes.”2010 Taxes: $36,384 Yr; HOA Dues:$2,434 Yr. Under contract date: 12/22/10; Sold Date: $12/30/10. (Photos and description courtesy of SDS Real Estate, Inc.)
MLS# 107928 – Hunter Creek Condo near Smuggler Mtn, 613 Vine St, Aspen, CO: Sold Price: $650,000/$883 sq ft; Ask price: $665,000/$903 sq ft (Original price: $799,000 and 790 days on the market since 10/22/08). This is a 2 bedroom/1 bath, 736 sq ft condo. The broker comments, “Great Ground floor condo with views of Aspen Mountain. Completely updated with new cabinets and counter tops in 2010. This is the only free market unit in the 600 building, the rest of the complex is owner occupied.**Owner Financing*. 2007 Taxes: $1,134 Yr. HOA Dues: $$244 mos. City of Aspen RETT transfer tax of 1.5% applies to buyer. Under contract date: 9/17/10; Sold date: 12/21/10.(Photos and description courtesy of Leverich & Carr).
MLS# 116466 – Starwood Subdivision vacant lot, 1023 S. Starwood Dr, Aspen, CO: This is a short sale, distressed situation. Sold Price: $1,450,000; Ask Price: $1,600,000 (Original Price: $5,495,000 and 1,471 days on the market since 6/7/07). Broker comments, “2.7 acre lot with expansive views and privacy. Gentle topography makes it easy to build. Previously approved plans are included for an 8249 square foot home with 4-5 bedrooms, 3 car garage, outdoor pool, and extensive patios for glorious outdoor dining & living. So close to downtown Aspen, yet private & tucked away.” (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty).
MLS# 111903 – single family home in Aspen’s Historic West End, 310 W. Francis St, Aspen, CO: Sold Price: $7,100,000/$1,112 sq ft; Ask and Original Price: $9,995,000/$1,565 sq ft and 556 days on the market.This is a 2004 built 6 bedroom/8 bath/2 half bath, 6,385 sq ft home on a large oversized 8,500 sq ft West End lot.Broker writes, “Located on a large 8,500 square foot lot on the north side of W. Francis in the prestigious West End, this classic Colorado home is truly a rare find. The main house features 6 bedroom suites and 7.5 baths. Three levels provide plenty of room and privacy. Also included is a detached caretakers/guest house with a full bath and kitchenette. Mature trees envelope this great family home. Other amenities include air conditioning, snowmelt driveway, various fireplaces, temperature-controlled wine room, lawn sprinkler system, plaster walls and a 2-car heated garage. This is the home for a large family looking for a convenient, true Colorado design.” 2009 Taxes: $16466 Yr; City of Aspen RETT transfer tax of 1.5% applies to buyer.Under Contract date: 12/23/10; Sold Date: 12/30/10 (Photos and description courtesy of SDS Real Estate, Inc.)
MLS# 111195 – Larkspur Condominium, downtown Aspen, 800 E. Hopkins St, Aspen, CO: Sold Price: $ / sq ft; Ask Price: $1,490,000/$1,034 sq ft. (Original price $1,690,000 and 592 days on the market since 5/15/09). This is a 3 bedroom/2 bath, 1440 sq ft condo built in 1974/remodeled 2007. The broker’s comments, “Excellent central core location with off-street assigned parking. This is 3-bedroom/2½-bath, (with office/den), 1,440 sq. ft., 2-level unit remodeled in 2007. Unit features large storage areas, woodburning fireplace, covered deck and patio, stainless steel kitchen appliances, stack W/D and furniture, including large, wall-mounted flat screen TV. South-facing apartment with views of Aspen Mountain. Rare, pets-allowed complex.”. 2009 Taxes: $3,775 Yr; HOA Dues: $1,500 Qtr. Under Contract date: 12/13/10; Sold Date: $12/28/10. City of Aspen RETT transfer tax of 1.5% applies to buyer.(Photos and description courtesy of Chaffin Light Real Estate Aspen )
Under Contract / Pending (1): MLS# 119101. This link to MLS photos and details is valid for 30 days until 1/31/2011. Photos and descriptions of pending properties are not posted unless special circumstances dictate.
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Disclaimer: The statements made in The Estin Report represent the opinions of the Aspen broker Tim Estin. They should not be relied upon exclusively to make real estate decisions. Information concerning particular real estate opportunities can be requested from the author at 970.920.7387 or email. A potential buyer is advised to make an independent investigation of the market and of each property before deciding to purchase. 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. The Estin Report is copyrighted 2011 and all rights are reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market by Tim Estin mba, gri at www.EstinAspen.com”.
