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, the information should be here.
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Market Activity Week 51, December 20 – 27, 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:113952, 139768, 122475, 141771, 141170, 141204, 141379.This link is valid until 1/26/2016.
Under Contract/Pending (7):MLS#’s:138200, 138879, 140056, 141650, 139916, 141510, 130699. This link is valid until 1/26/2016.
Aspen Snowmass Solds Last Week:
MLS #139768 – Meadowood, West Aspen, 721 Meadowood Drive, Aspen, CO. Sold Price: $4,825,000/$1,109 sq ft; furnished. More details below photos.
MLS #139768 – Meadowood, West Aspen, 721 Meadowood Drive, Aspen, CO. Sold Price: $4,825,000/$1,109 sq ft; furnished. Asking Price: $4,995,000. (Original Price: $5,950,000 and 181 days on the market since 06/24/2015. The property sold at $4.5M in summer 2014.) This is a 1970 built and 2010 remodeled, 4 bedroom/4 bath/1 half-bath, 4,350 sq ft single family residence with 2 car garage on a 24,559 sq ft lot. Broker comments are “721 Meadowood Drive is a light-filled, serene oasis nestled amongst the aspens in the highly desirable neighborhood of Meadowood. This stunning contemporary is ideal for entertaining and enjoys a beautiful bike path that delivers you straight into town. Ski access to Highlands, tennis courts, lake and a central park are just some of the amenities of living in Meadowood. Property is included as a part of the Lift Mill Levy and DOES GET TO USE HIGHLANDS LIFT! Approximately 750sqft. above grade FAR an be added to this beautiful home” 2014 taxes: $13,191; HOA Dues: $445. Under Contract Date: 10/23/2015; Sold Date: 12/22/2015. (Photos and broker comments courtesy of Gilliam Properties of Aspen)
MLS #141379 – Meadowood, West Aspen, 750 Meadowood Drive, Aspen, CO. Sold Price: $3,600,000/$1,050 sq ft; unfurnished.More details below photos.
MLS #141379 – Meadowood, West Aspen, 750 Meadowood Drive, Aspen, CO. Sold Price: $3,600,000/$1,050 sq ft; unfurnished. Asking Price: $3,690,000. (Original Price: $3,690,000 and 67 days on the market since 10/15/2015.) This is a 1978 built and 2014 remodeled, 4 bedroom/4 bath/1 half-bath, 3,426 sq ft single family residence with 2 car garage on a 24,851 sq ft lot. Broker comments are “Recently upgrade with beautiful finishes. Perfect for family either as a full-time residence or as a vacation home, this is a warm, inviting home with generous bedrooms, decks and patios. Set in an aspen grove for privacy, the house, unexpectedly, offers great views. There is a genuine country feel about this house, yet you have the secure feeling that comes with living in a vibrant, active, neighborhood. Adjacent to the Aspen School District campus, the Open Space Meadow for which the subdivision is named and the miles of Nordic trails that lace the community, the house is also one of the few close-in Aspen properties that is truly ski-in, via the trail that connects the Aspen Highlands Ski Area with the Aspen Nordic Center.” 2014 taxes: $12,634; HOA Dues: $417 per Year. Under Contract Date: 10/27/2015; Sold Date: 12/21/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #141204 – West End, 626 W Francis Street, Aspen, CO. Sold Price: $3,400,000/$1,740 sq ft; unfurnished. More details below photos.
MLS #141204 – West End, 626 W Francis Street, Aspen, CO. Sold Price: $3,400,000/$1,740 sq ft; unfurnished. Asking Price: $3,600,000. (Original Price: $3,600,000 and 73 days on the market since 10/05/2015.) This is a 1962 built and 2002 remodeled, 3 bedroom/2 bath/1 half-bath, 1,953 sq ft duplex/half duplex with 1 car garage. Broker comments are “Situated on a quiet street in Aspen’s iconic West End, this 3 bedroom, 2.5 bath property lives like a single family home only attached to the neighbor by a breezeway. Vaulted ceilings and an open floor plan in the main living level with wood-burning fireplace as well as floor to ceiling south-facing windows which bring in Aspen Mountain views and an abundance of natural light. Hardwood floors, slab granite countertops and stainless appliances in the kitchen, a roomy main level master with large walk-in closet, Jacuzzi tub, steam shower, double vanities in the en-suite bathroom, lower level features a second living area with wood-burning fireplace, two additional bedrooms and a shared bath. Enjoy the outdoors on the good-sized deck of the main living area overlooking a lovely front yard and the fenced back patio surrounded by mature trees and perennial gardens. An oversized 1-car garage built in 2014 and large exterior storage area make this home a unique option in the ever popular West End.” Under Contract Date: 10/21/2015; Sold Date: 12/17/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #141170 – Aspen Townhouse Center, Central Core, 124 E Durant 6, Aspen, CO. Sold Price: $1,750,000/$1,764 sq ft; furnished. More details below photos.
MLS #141170 – Aspen Townhouse Center, Central Core, 124 E Durant 6, Aspen, CO. Sold Price: $1,750,000/$1,764 sq ft; furnished. Asking Price: $1,849,000. (Original Price: $1,849,000 and 63 days on the market since 09/30/2015.) This is a 1968 built and 2011 remodeled, 3 bedroom/2 bath, 992 sq ft townhouse. Broker comments are “This modern two story condominium was recently remodeled down to the studs. The top level features air-conditioning an open living space with a 46” flatscreen television, linear gas fireplace, walkout to deck with BBQ and big Aspen Mountain views. The master is on this level and features custom built-ins and ensuite bath with skylight. The entry level features a generous guest room and an office that could be used as the third bedroom with two walk-in closets. Additional amenities include a full washer and dryer as well as two assigned parking spots. Located less than four blocks down the street from the Gondola!” 2014 taxes: $2,284; HOA Dues: $1,030 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/18/2015; Sold Date: 12/18/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)
MLS #141771 – Midland, Central Core, 601 S West End Street 7, Aspen, CO. Sold Price: $760,000/$1,364 sq ft; partial furnished. More details below photos.
MLS #141771 – Midland, Central Core, 601 S West End Street 7, Aspen, CO. Sold Price: $760,000/$1,364 sq ft; partial furnished. Asking Price: $760,000. (Original Price: $760,000 and 428 days on the market since 10/08/2014.) This is a 1969 built and 2014 remodeled, 1 bedroom/1 bath, 557 sq ft condo. Broker comments are “Spacious, one bedroom downtown condo is set in the idyllic setting of Glory Hole Park! This immaculate, well-decorated unit with wood-burning fireplace, steam shower, private laundry, built-ins galore, ski locker and storage closet is perfect for full-time resident or short term rentals. Walk-out your front door to the charming pond surrounded by mature trees and wildlife. Or gaze out your bedroom window at Smuggler Mountain. Located only one block to the Gondola! Remodeled in 2014, with new kitchen and master bath! Pets allowed owners with approval. Enjoy walking to dining, shopping and all else Aspen offers. Put this on your short list!” 2014 taxes: $1,453; HOA Dues: $1,450 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/03/2015; Sold Date: 12/22/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #113952 – Twining Flats, west Aspen, 26 Twining Flats Road, Aspen, CO. Sold Price: $700,000sq ft. More details below photo.
MLS #113952 – Twining Flats, west Aspen, 26 Twining Flats Road, Aspen, CO. Sold Price: $700,000sq ft. Asking Price: $750,000. (Original Price: $1,500,000 and 2,074 days on the market since 12/01/2009.) This is a 87,120 sq ft single family lot. Broker comments are “Best Single family land deal in Aspen School District. Flat Two acres site that has no restriction on amount of buildings. Build a single family home and a large garage with additional separate structures. Total FAR is 5750. Great property to house staff plus build a large garage for additional cars or greenhouse. The property has historic spring water. Great views and a great opportunity for two acres.” 2012 Taxes: $3,148. Under Contract Date: 11/05/2015; Sold Date: 12/21/2015. (Photos and broker comments courtesy of Whitman Fine Properties)
MLS #122475 – Ridge Run, Snowmass Village, Tbd Baby Doe Lane, Snowmass Village, CO. Sold Price: $1,500,000 sq ft. More details below photos.
MLS #122475 – Ridge Run, Snowmass Village, Tbd Baby Doe Lane, Snowmass Village, CO. Sold Price: $1,500,000 sq ft. Asking Price: $1,595,000. (Original Price: $1,595,000 and 1,090 days on the market since 07/10/2012.) This is a 22,651 sq ft single family lot. Broker comments are “This lot is one of the best view lots in all of Snowmass and one of the last opportunities to build your dream home. Another great feature is the easy access to the ski in/out trails. A short walk a few homes over, you can ski out to Funnel and down to the Gondola. Coming home, ski down off of West Fork Trail and you are only a few steps away.” 2011 Taxes: $75,000; HOA Dues: $90 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/19/2015; Sold Date: 12/22/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
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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 2015 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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