Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is published Monday mornings and sometimes in-between. The Estin Reports are published quarterly or semi-annually, 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.

The Estin Report: 3rd Quarter 2011 (July 1 – Sept. 30, 2011)
State of the Aspen Real Estate Market

Click image

Click image for executive summary and complete report pdf. Released Oct. 6, 2011

Last Week’s Market Highlights – Aspen Snowmass real estate weekly sales statistics and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000in the upper Roaring Fork Valleyexcluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Aspen Market Commentary

11/21/11 Aspen High End Surges Onward; Over $15MM Category +300% in 2011: : Read full blog post and Listen to KAJX/Aspen Public Radio Tues. 11/22/11 interview with Tim Estin

Under Contract / Pending (8) MLS #s123077, 122327, 123203, 117007, 110186, 123331, 123354, 123309. This link is valid for 30 days until 01/10/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (6) MLS #s 105925, 119711, 121821, 113935, 122685, 122449. This link is valid for 30 days until 01/10/2012.

Aspen Snowmass Solds Last Week

MLS #119711 – Aspen, West End single family home with guest house, 334 West Hallam Street, Aspen CO: Sold Price: $6,250,000/$927 sq ft unfurnished. More details below photos.

MLS #119711 – Aspen, West End single family home with guest house, 334 West Hallam Street, Aspen CO: Sold Price: $6,250,000/$927 sq ft unfurnished; Ask Price: $6,500,000. (Original Price: $8,500,000 and 302 days on the market since 02/08/2011.) The main house is an 1888 built/2004 remodeled 6 bedroom/6 bath, 4,835 sq ft single family home. The guest house has 2 bedrooms/2baths, 1,905 sq ft. Broker comments are, “This is a Situated in Aspen’s prestigious West End on a south facing large corner lot sits a fully restored Victorian house with its own detached guest house/carriage house. The main house features 6 bedrooms, 6 baths, fully equipped gourmet kitchen with breakfast and family area, fireplace, and walk out French doors to outside deck. High ceilings, large windows, fireplace, and game table highlight the living room area next to the formal dining room which seats up to 16 people. The lower level with 13 foot ceilings, large windows and lots of light, has a steam room, pool table as well as two en suite bedrooms, and a living/media area. The Guest house is a small “Feng Shui” gem featuring 2 bedrooms and 2 baths. Walking distance to Music Tent, Aspen Institute, and downtown Aspen and its amenities.” 2010 Taxes: $15,670. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/05/2011; Sold Date: 12/07/2011. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #121821 – Aspen, Mountain Valley half duplex, 103 E. Lupine Drive #103, Aspen, CO: Sold Price: $3,000,000/$759 sq ft furnished. More details below photos.






MLS #121821 – Aspen, Mountain Valley half duplex, 103 E. Lupine Drive #103, Aspen, CO: Sold Price: $3,000,000/$759 sq ft furnished; Ask Price: $3,250,000. (Original Price: $3,495,000 and 849 days on the market since 08/11/2009.) This is a 2004 built, 4 bedroom/4 bath/2 half baths, 3,948 sq ft with 2 car garage. Broker comments are, “Ideal East Aspen location. Refined four bedroom mountain style townhome completed in 2005. Two private master suites, open feel complimented by high vaulted ceilings, warm southern exposure and excellent views. Beautiful interior and exterior finishes complete with media room and two-car garage. Crestron touch panel home automation system throughout. Enjoy easy access to town without the traffic.” 2010 Taxes: $9,638; HOA Dues: $200 Yr. Under Contract Date: 09/30/2011; Sold Date: 12/02/2011.

MLS #113935 – Snowmass, Old Snowmass single family home, 776 Snowmass Creek Road, Snowmass, CO: Sold Price: $1,875,000/$409 sq ft. More details below photos.

MLS #113935 – Snowmass, Old Snowmass single family home, 776 Snowmass Creek Road, Snowmass, CO: Sold Price: $1,875,000/$409 sq ft unfurnished; Ask Price: $2,495,000. (Original Price: $4,450,000 and 737 days on the market since 11/30/2009.) This is a 2009 built 4 bedrooms/4 baths/2 half baths, 4,583 sq ft single family home with 2 car garage. Broker comments are, “On over 12 acres, this luxury log home offers flawless design details, custom chef’s kitchen, 4 en-suite bedrooms (with the master on the main level, and all 3 other bedrooms upstairs, above grade), 3 fireplaces, game room, and panoramic windows with stunning southern views of the Snowmass Ski Area. At over 4500 sq ft this unique property is located in Old Snowmass – only 1/2 mile off Hwy 82 – convenient setting that is five minutes from Basalt, the Roaring Fork Golf Club, Gold Medal fly-fishing, and 15 minutes from downtown Aspen and its 4 ski areas. This impressive property provides a year round outdoor paradise with all the conveniences of town, clubs, and fishing. Your dream cabin in Colorado…built and ready for enjoyment and entertainment.’ 2010 Taxes: $4,429. Under Contract Date: 10/25/2011; Sold Date: 12/07/2011. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #122685 – Aspen, Central Core condo, 208 S. Spring Street #2, Aspen, CO: Sold Price: $3,050,000/$1,296 sq ft unfurnished. More details below photos.

MLS #122685 – Aspen, Central Core condo, 208 S. Spring Street #2, Aspen, CO: Sold Price: $3,050,000/$1,296 sq ft unfurnished; Ask Price: $3,299,000. (Original Price: $3,299,000 and 87 days on the market since 09/09/2011.) This is a 1989 built/2005 remodeled, 3 bedroom/3bath/1 half bath, 2,353 sq ft condo with 2 car garage. Broker comments are, “This very stylish upscale duplex town home provides a living area that is open and filled with light. 4 balconies protected by a brick and stone perimeter wall, provide ample space to enjoy views of Aspen Mountain. Centrally located, it is an easy walk to restaurants, stores and skiing. Remodeled in 2005, this very attractive property has 3 bedrooms and 3 1/2 baths with a floor plan that affords privacy. Extra features: main level air conditioning, 2 gas fireplaces, security system, thermopane windows, snow melt driveway. In traditional Aspen red brick construction style, this building’s solid exterior design is a unique combination of special shapes and coursings of brick that will be impressive forever. With a large 2 car garage, this is a very special offering in this price range.” 2010 Taxes: $9,257; Under Contract Date: 10/17/2011; Sold Date: 12/05/2011. City of Aspen RETT Transfer Tax of approx. $1.5% payable by buyer. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #122449 – Snowmass Village, Brush Creek single family home, 84 Red Tail Lane, Snowmass Village, CO: Sold Price: $1,287,500/$410 sq ft partially furnished. More details below photos.

.

MLS #122449 – Snowmass Village, Brush Creek single family home, 84 Red Tail Lane, Snowmass Village, CO: Sold Price: $1,287,500/$410 sq ft partially furnished; Ask Price: $1,359,000. (Original Price: $1,350,000 and 114 days on the market since 08/17/2011.) This was a well-priced, extremely attractive property that generated a lot of interest in the shrot time it was on the market. It is a 1991 built/2011 remodeled, 4 bedroom/3 bath, 3,139 single family home with 2 car garage. Broker comments are, “A wonderful, impeccably maintained mountain home that is sure to steal your heart. So much to love–morning and sunset light on Independence Pass, the soft sound of wind chimes from gentle summer breezes across the lovely two-tiered outdoor spaces, the warm wood interior designed for entertaining, and heartening panoramic views from the master suite. You’ve found the sweet spot.” 2010 Taxes: $6,589; HOA Dues: $350 Qtr. Under Contract Date: 09/10/2011; Sold Date: 12/09/2011.

MLS #105925 – Aspen, Central Core, Monarch on the Park condo, 233 E. Cooper Avenue #207, Aspen, CO: Sold Price: $4,350,000/$1,478 furnished. More details below photos.




MLS #105925 – Aspen, Central Core, Monarch on the Park condo, 233 E. Cooper Avenue #207, Aspen, CO: Sold Price: $4,350,000/$1,478 furnished; Ask Price: $4,795,000. (Original Price: $4,395,000 and 1,265 days on the market since 06/18/2008.) This is one of the very few ‘newer’ condominium complexes built in downtown Aspen in the past 4 years.. This is a 2008 built, 3 bedroom/3 bath/1 half bath, 2,943 sq ft condo with 2 car garage. Broker comments are, “Location, Location, Location! 3 bedroom, 3.5 bath, plus office. Beautifully furnished–turn-key–by Cathers Home. Located in the Aspen core across the street from Wagner Park. Two underground garage parking spaces and a large storage unit are wonderful perks that come along with this unit. Great rental income potential.” 2010 Taxes: $11,992; HOA Dues: $5,163 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/18/2011; Sold Date: 12/05/2011. (Photos and broker comments courtesy of SDS Real Estate, Inc.)

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

{source}

<script type=”text/javascript” src=”http://widgets.twimg.com/j/2/widget.js”></script>
<script type=”text/javascript”>
new TWTR.Widget({
version: 2,
type: ‘profile’,
rpp: 4,
interval: 6000,
width: 250,
height: 300,
theme: {
shell: {
background: ‘#333333’,
color: ‘#ffffff’
},
tweets: {
background: ‘#000000’,
color: ‘#ffffff’,
links: ‘#4aed05’
}
},
features: {
scrollbar: false,
loop: false,
live: false,
hashtags: true,
timestamp: true,
avatars: false,
behavior: ‘all’
}
}).render().setUser(‘EstinAspen’).start();
</script>
{/source}

Disclaimer: The statements made in The Estin Report and on 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 at 970.920.7387 or by email. The Estin Report is copyrighted 2011 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Real Estate Market, By Tim Estin, mba, gri.”.

________________________________________________________________________________________