The Estin Report: Pre-Christmas Brief Summary 2015 YTD was released 12/24/15 and Nov 2015 Aspen Snowmass Real Estate Market Snapshot was posted12/04/15 inCurrent Reports.The Monthly Snapshots are released on or near the 1st Monday of the month.
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 (11/24/15) 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 real estate, the information should be here.
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Market Activity Week 52, December 27, 2015 – January 3, 2016
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:138759, 122041, 139430, 140791, 138014, 127879, 142132.This link is valid until 2/2/2016.
Under Contract/Pending (7):MLS#’s:141935, 142086, 142107, 142113, 123680, 141882, 141258. This link is valid until 2/2/2016.
Aspen Snowmass Solds Last Week:
MLS #138759 – Maroon Creek Club, West Aspen Vacant Lot, 651 Pfister Dr., Aspen, CO. Sold Price: $3,900,000. More details below photos.
MLS #138759 – Maroon Creek Club, West Aspen Vacant Lot, 651 Pfister Dr., Aspen, CO. Sold Price: $3,900,000. Asking Price: $3,900,000. (Original Price: $4,950,000 and 246 days on the market since 04/27/2015.) This is a 3 acre, 133,294 sq ft, single family lot. Broker comments are “One of the best building sites on the Maroon Creek Golf Course is now offered for sale including plans for a 14,000 sq. ft. home designed by Poss & Associates with a landscaping design by Greg Mozian & Associates. Overlooking the 11th tee box this premiere site features views of Aspen Mountain, Aspen Highlands, Tiehack, Red Mountain, Hunter Creek and the City of Aspen. The mature spruce trees create privacy that is unique along this fairway. Be ready to either pull a building permit and save years of design and planning or modify the work that has been produced.” 2014 Taxes: $41,340; HOA Dues: $5,280 per Year. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/30/2015; Sold Date: 12/29/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #122041 – Mountain Queen Condos, Central Core, 800 S Monarch Street Unit 14, Aspen, CO. Sold Price: $3,100,000/$1,824 sq ft; furnished. More details below photos.
MLS #122041 – Mountain Queen Condos, Central Core, 800 S Monarch Street Unit 14, Aspen, CO. Sold Price: $3,100,000/$1,824 sq ft; furnished. Asking Price: $3,195,000. (Original Price: $3,500,000 and 1,431 days on the market since 07/18/2011.) This is a 1974 built and 2007 remodeled, 3 bedroom/3 bath, 1,699 sq ft condo. Broker comments are “Rare Mtn Queen ski in / ski out condo at the base of Aspen Mtn next to Lift 1A at the top of Monarch St! True ski in / out in Aspen is rare and of extremely limited inventory. Remodeled interior with incredible views. End unit with two private decks. Easy walk to downtown. Assigned underground parking, storage, ski locker, elevator, tennis court, pool, hot tub & sauna. On-site manager, concierge and cleaning staff.” 2014 taxes: $8,253; HOA Dues: $2,716 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/07/2015; Sold Date: 12/28/2015. (Photos and broker comments courtesy of Setterfield & Bright)
MLS #139430 – Starwood, McLain Flats, 606 S Starwood Drive, Aspen, CO. Sold Price: $2,995,000/$998 sq ft; furnished. More details below photos.
MLS #139430 – Starwood, McLain Flats, 606 S Starwood Drive, Aspen, CO. Sold Price: $2,995,000/$998 sq ft; furnished. Asking Price: $3,245,000. (Original Price: $3,375,000 and 416 days on the market since 10/17/2014.) This is a 1969 built and 2014 remodeled, 3 bedroom/2 bath, 3,000 sq ft single family residence with a 2 car garage on a 4.5, or 199,505 sq ft, lot. (Editors note: This is a small terrifc ‘bachelor pad’ with wow factor of views, charming original exterior stone structure and new contemporary remodel. The exception is that the layout is very broken up, chopped into small rooms and the bedrooms are on each of the 3 levels accessed by narrow tight stairways.) Broker comments are “The perfect blend of rich architectural legacy and modern elegance. This stylish Starwood home was originally designed by famed Aspen architect, Ellie Brickham. The home recently underwent a complete remodel and restoration creating a refined and sophisticated aesthetic, blending effortlessly with its dramatic surroundings. Huge picture windows capture breathtaking unobstructed mountain views. This 3 bedroom property features a home office or bonus bedroom, high-end finishes throughout, 4 wood-burning fireplaces, a detached 2-car garage, gorgeous maple hardwood flooring, on a beautiful and generous 4.5 acre lot.” 2014 taxes: $7,044; HOA Dues: $290 per Month. Under Contract Date: 12/12/2015; Sold Date: 12/30/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)
MLS #140791 – Obermeyer Place, Central Core Commercial Industrial, 501 Rio Grande Place 105, Aspen, CO. Sold Price: $760,000 sq ft. More details below photos.
MLS #140791 – Obermeyer Place, Central Core Commercial Industrial, 501 Rio Grande Place 105, Aspen, CO. Sold Price: $760,000 sq ft. Asking Price: $799,000. (Original Price: $799,000 and 125 days on the market since 08/26/2015.) This is a 2006 built, 1-5 units, 1,226 sq ft commercial industrial. Broker comments are “Incredible opportunity to own your own (turn-key) SCI-zoned commercial space in Aspen. This light & bright office suite enjoys easy-access within the complex and is close to Aspen’s downtown core. The Unit is nicely remodeled, upgraded with wire for audio/video with nice finishes. Includes with two assigned parking spaces in the garage. HOA dues are $1,980 per quarter.” 2014 taxes: $5,865; HOA Dues: $7,920. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/21/2015; Sold Date: 12/29/2015. (Photos and broker comments courtesy of Setterfield & Bright)
MLS #138014 – WildCat Ranch, Snowmass Village, 1790 Lake Wildcat Road, 520 acres, Snowmass Village, CO: Sold Price: $11,700,000/$2,971 sq ft; furnished. More details below photos.
MLS #138014 – WildCat Ranch, Snowmass Village, 1790 Lake Wildcat Road, 520 acres, Snowmass Village, CO: Sold Price: $11,700,000/$2,971 sq ft; furnished. Asking Price: $14,900,000. (Original Price: $15,990,000 and 296 days on the market since 03/09/2015.) This is a 1996 built and 2010 remodeled, 5 bedroom/4 bath/1 3/4-bath, 3,937 sq ft single family guest house with 2 car garage on a 22,684,523 sq ft lot. Broker comments are “Amazing opportunity to own one of the best ranch properties in the valley. Homestead Two at Wildcat Ranch is over 520 acres with stunning views, ponds, streams, forest, wildlife and amazing trails. This property has a charming 3,397 sq ft guest house with sweeping uninterrupted views of the Elk Mountain range. Very special to the ranch is the new barn, corrals and living quarters that is situated in the valley overlooking an amazing pond. Direct access to the endless Wildcat trails right from the barn. The property also has approvals for a main residence up to 11,000 sq.ft. with absolutely one of the most stunning views in the valley. An incredible opportunity to own a legacy property in this spectacular National Park-like setting.” 2014 Taxes: $76,157; HOA Dues: $94,379 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/25/2015; Sold Date: 12/30/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #127879 – Ridge Run, Snowmass Village, 124 Baby Doe Lane, Snowmass Village, CO: Sold Price: $2,800,000/$622 sq ft; partial furnished. More details below photos.
MLS #127879 – Ridge Run, Snowmass Village, 124 Baby Doe Lane, Snowmass Village, CO: Sold Price: $2,800,000/$622 sq ft; partial furnished. Asking Price: $3,295,000. (Original Price: $3,495,000 and 1,113 days on the market since 12/01/2012.) This is a 1989 built, 4 bedroom/4 bath/1 half bath, 4,496 sq ft single family residence with 2 car garage on a 36,460 sq ft lot. Broker comments are “Grand home with gorgeous 360-degree views. Located off of Baby Doe Lane on top of Ridge Run, this four-bedroom, four and one-half bath Ridge Run home was built with the views and its unique location in mind. The spacious bedrooms and over-sized, attached baths make it enjoyable for you and your guests. This very well laid out floor plan includes a breakfast nook and formal dining area, along with the hot tub and over 500 square feet of outdoor space. Ski access is down Powerline. Snowmelt entry walkway & around hot tub, lower deck.” 2014 Taxes: $8,990; HOA Dues: $90 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/02/2015; Sold Date: 12/30/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
MLS #142132 – Little Elk Creek, Snowmass Village, 32 Katydid Lane, Snowmass Village, CO: Sold Price: $685,000/$356 sq ft; unfurnished. More details below photo.
MLS #142132 – Little Elk Creek, Snowmass Village, 32 Katydid Lane, Snowmass Village, CO: Sold Price: $685,000/$356 sq ft; unfurnished. Asking Price: $685,000. (Original Price: $685,000 and 915 days on the market since 04/18/2014.) This is a 3 bedroom/3 bath, 1,924 sq ft single family residence with 2 car garage on a 56,628 sq ft lot. Broker comments are “Sold before MLS.” 2014 Taxes: $2,507. Under Contract Date: 10/30/2015; Sold Date: 12/31/2015. (Photos and broker comments courtesy of Engel & Volkers)
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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 byemail.The Estin Report is copyrighted 2016 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:“The Estin Reporton Aspen Real Estate.”
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