The Estin Report: Nov 2015 Aspen Snowmass Real Estate Market Snapshot wasposted 12/04/15 inCurrent Reports.The 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 49, December 6 – 13, 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 (9):MLS#’s:133700, 132445, 133535, 141174, 140657, 137226, 140319, 137893, 140086.This link is valid until 1/12/2016.
Under Contract/Pending (5):MLS#’s:139750, 139803, 141772, 141771, 133033. This link is valid until 1/12/2016.
Aspen Snowmass Solds Last Week:
MLS #140086 – Star Mesa, McLain Flats, 1200-1525 Star Mesa Drive, Aspen, CO. Sold Price: $20,685,000/$2,254 sq ft; partial furnished. More details below photos.
MLS #140086 – Star Mesa, McLain Flats, 1200-1525 Star Mesa Drive, Aspen, CO. Sold Price: $20,685,000/$2,254 sq ft; partial furnished. Asking Price: $25,000,000. (Original Price: $25,000,000 and 148 days on the market since 07/14/2015.) This is a 2004 built, 9 bedroom/7 bath/2 half-bath, 9,174 sq ft single family residence with 4+ car garage on a 3,373,722 sq ft lot. Broker comments are “This exceptional, 77 acre estate on the illustrious Star Mesa is one of Aspen’s premier properties. Just a short drive to downtown, the parcel extends over the southwest corner of the Star Mesa with breathtaking, 360 degree views from Independence Pass to the Lenado Valley. Amidst the expansive pastures and natural spaces sit the main residence, caretaker’s home, fishing cabin, shop and two large barn/garages totaling 11,806 square feet of improvements. The main residence is nestled in a grove of pinions and features inviting, open living spaces. An organic yet contemporary design makes this mountain-modern home visually beautiful, as well as warm and comfortable, with 5 bedrooms, 5 full bathrooms, 2 half baths, recreation room, family room, gym and a wine cellar. Luxurious finishes throughout are accentuated with rich wood detail, vaulted ceilings and abundant natural light. The immediate grounds include gardens, native grasses, a green house, solar panels, numerous water features, and picturesque ponds with adjacent sheltered stone patio featuring unobstructed views of the Elk Range. A two bedroom, two bathroom caretakers’ home and a large garage space for maintenance vehicles are easily accessed from the estate entrance and set away from the main residence. The fishing cabin is tucked away on the southwest end of the property, providing privacy, a pond and classic Colorado tranquility.
The 77 acres offer up to 30,000 square feet of available FAR (Floor Area Ratio, i.e additional sq ft allowable as a ratio to lot size ) in perpetuity with building envelopes on each lot. The 36 acre Bradford Parcel is also available for purchase separately for $17,200,000. Truly unmatched in elegance, location, and design, Star Mesa Ranch is an estate like no other.” 2014 taxes: $19,957; HOA Dues: $18,550 per Yr. Under Contract Date: 09/10/2015; Sold Date: 12/09/2015. (Photos and broker comments courtesy of Stirling Peak Properties, LLC)
MLS #137893 – Fox Crossing, Smuggler, 540 Walnut Street, Aspen, CO. Sold Price: $7,100,000/$1,378 sq ft; furnished. More details below photos.
MLS #137893 – Fox Crossing, Smuggler, 540 Walnut Street, Aspen, CO. Sold Price: $7,100,000/$1,378 sq ft; furnished. Asking Price: $7,500,000. (Original Price: $7,500,000 and 281 days on the market since 03/04/2015.) This is a 2015 built, 5 bedroom/5 bath/2 half-bath, 5,152 sq ft single family residence with 2 car garage on a 6,894 sq ft lot. Broker comments are “Brand new construction! Minutes walk to Aspen core. This five bedroom, 5,000+ sqft family home offers an open floor plan and multiple decks with breath taking views. Three above grade bedrooms bring in views of Aspen Mountain, Shadow Mountain and Buttermilk. The entertaining area comes complete with a wet bar, media center, and billiards area. Extensive detail went into designing the clean lines, comfortable elegance and modern style.” HOA Dues: $1,225 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/26/2015; Sold Date: 12/10/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #140319 – West End Vacant Lot, 501 W Hopkins Avenue, Aspen, CO. Sold Price: $4,500,000. More details below photos.
MLS #140319 – West End Vacant Lot, 501 W Hopkins Avenue, Aspen, CO. Sold Price: $4,500,000. Asking Price: $4,595,000. (Original Price: $4,595,000 and 128 days on the market since 07/14/2015.) This is a 7,500 sq ft single family lot. Broker comments are “Exceptional 7,500 corner lot in the near West End with views of Aspen Mountain, located just blocks from the downtown core and the Music Tent. Plans designed by Menendez Architects are included – save months of planning!” 2015 Taxes: $21,399. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/13/2015; Sold Date: 12/10/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #137226 – Clarendon, Central Core, 625 S West End Street #4, Aspen, CO. Sold Price: $2,800,000/$1,409 sq ft; furnished. More details below photos.
MLS #137226 – Clarendon, Central Core, 625 S West End Street #4, Aspen, CO. Sold Price: $2,800,000/$1,409 sq ft; furnished. Asking Price: $3,345,000. (Original Price: $3,495,000 and 559 days on the market since 01/17/2014.) This is a 1976 built and 2000 remodeled, 3 bedroom/3 bath, 1,986 sq ft townhouse. Broker comments are “Aspen’s most unique townhome complex located 2 blocks to the Aspen Mtn Gondola. Townhomes surrounded by lawns and lush vegetation. The complex offers ample parking, onsite manager and large pool area. This townhome features cathedral ceilings, large living room, large master suite, private patio and good views. Master has A/C and 2nd floor bedrooms have newer central humidifier. Great rental or second home. Great for groups or owners. Most units are non-rentals. Short-term rentals are allowed..” 2014 Taxes: $6,917; HOA Dues: $17,994 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/14/2015; Sold Date: 12/07/2015. (Photos and broker comments courtesy of Frias Properties of Aspen)
MLS #140657 – Concept 600, Central Core, 600 E Main Street 202, Aspen, CO. Sold Price: $1,025,000/$1,078 sq ft; furnished. More details below photos.
MLS #140657 – Concept 600, Central Core, 600 E Main Street 202, Aspen, CO. Sold Price: $1,025,000/$1,078 sq ft; furnished. Asking Price: $1,085,000. (Original Price: $1,085,000 and 116 days on the market since 08/14/2015.) This is a 1972 built, 2 bedroom/2 bath, 950 sq ft condo. Broker comments are “Excellent views of Aspen Mountain, private garage, and secure elevator in the heart of downtown Aspen. Walk anywhere you want to go- skiing, dining, grocery store. Wood burning fireplace and private deck with Aspen Mountain views. Move in today!” 2014 Taxes: $2,351; HOA Dues: $1,809 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/26/2015; Sold Date: 12/08/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #141174 – Midland, Central Core, 601 S West End Street Unit #5, Aspen, CO. Sold Price: $651,000/$1,168 sq ft; unfurnished. More details below photos.
MLS #141174 – Midland, Central Core, 601 S West End Street Unit #5, Aspen, CO. Sold Price: $651,000/$1,168 sq ft; unfurnished. Asking Price: $635,000. (Original Price: $635,000 and 77 days on the market since 09/22/2015.) This is a 1969 built, 1 bedroom/1 bath, 557 sq ft condo. Broker comments are “Located in the heart of Aspen facing Glory Hole Park 2 blocks away from the Gondola! This second level, end unit has windows on three sides, a wood burning fireplace, storage closet, ski locker, washer/dryer and a large deck facing the park. Off-street parking and low HOA dues, including unit heating expenses.” 2014 Taxes: $1,524; HOA Dues: $1,450 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/19/2015; Sold Date: 12/08/2015. (Photos and broker comments courtesy of Setterfield & Bright)
MLS #133535 – Capitol Peak, Snowmass Village, 110 Carriage Way 3408, Snowmass Village, CO: Sold Price: $940,000/$922 sq ft; furnished. More details below photos.
MLS #133535 – Capitol Peak, Snowmass Village, 110 Carriage Way 3408, Snowmass Village, CO: Sold Price: $940,000/$922 sq ft; furnished. Asking Price: $999,000. (Original Price: $1,100,000 and 614 days on the market since 03/29/2014.) This is a 2008 built, 2 bedroom/2 bath, 1,019 sq ft condo. Broker comments are “This 2 bedroom, 2 bath penthouse condo has a panoramic view of the Snowmass Ski Mountain. Vaulted high ceilings, located on the fourth and top floor of Capitol Peaks A, which is the best building for location in the new Base Village. Bedding is king, queen, and queen pullout in the living room, and it sleeps 6 adults comfortably. Donft be fooled by the other Snowmass condos that were built in the 1970Œs. They may be remodeled but still have thin walls, thin floors, old plumbing, heating, and a lot of stairs. No matter how much you remodel it, they donft compare to these newly built luxury units. And the location to the kids ski school, lifts, shopping, and restaurants cannot be beat. Offers the best of ski-in, ski-out location just 50 feet to Elk Camp Gondola.” 2014 Taxes: $6,537; HOA Dues: $1,500 per Month. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/15/2015; Sold Date: 12/08/2015. (Photos and broker comments courtesy of Aspen Snowmass Real Estate, LLC)
MLS #132445 – Timberline, Snowmass Village, 690 Carriage Way D1d, Snowmass Village, CO: Sold Price: $525,000/$552 sq ft; furnished. More details below photos.
MLS #132445 – Timberline, Snowmass Village, 690 Carriage Way D1d, Snowmass Village, CO: Sold Price: $525,000/$552 sq ft; furnished. Asking Price: $579,000. (Original Price: $675,000 and 761 days on the market since 11/01/2013.) This is a 1972 built, 2 bedroom/2 bath, 950 sq ft condo. Broker comments are “Ski-in ski-out from this corner location, just below the Timberline arrival lobby. Refurbished and upgraded through-out. No steps and convenient to parking, restaurant and Free Shuttle bus. Big owner’s closet, gas fireplace, pull-out sofa with all the extras that make your guests loving The Timberline and coming back, year after year. Center granite kitchen island is the heart to the condo where everything happens.” 2014 Taxes: $1,861; HOA Dues: $12,768 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/04/2015; Sold Date: 12/04/2015. (Photos and broker comments courtesy of Berkshire Hathaway Home Services | Aspen Snowmass Properties)
MLS #133700 – Crestwood, Snowmass Village, 400 Wood Road 1103, Snowmass Village, CO: Sold Price: $360,000/$535 sq ft; furnished. More details below photos.
MLS #133700 – Crestwood, Snowmass Village, 400 Wood Road 1103, Snowmass Village, CO: Sold Price: $360,000/$535 sq ft; furnished. Asking Price: $399,000. (Original Price: $399,000 and 612 days on the market since 04/07/2014.) This is a 1970 built and 2009 remodeled, 1 bedroom/1 bath, 672 sq ft condo. Broker comments are “Tastefully remodeled, deluxe rated condominium at the Crestwood, on the front row and directly across from Fanny Glacier! Located on the ground level allowing easy access and handicap accessibility. Light fills the open floor plan of this corner located unit in the Aspen building. In addition, you’ll appreciate the views of the ski slope while sitting in front of the fire as well as up Sam’s Knob from your outdoor grilling deck. Beautiful kitchen with granite counters, new cabinets, stainless steel appliances and center island. Elegant hardwood floors and a remodeled bathroom. Top-notch management. Heated swimming pool, three therapy pools and fitness center. Pet allowed for owner’s.” 2014 Taxes: $1,509; HOA Dues: $13,224 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/24/2015; Sold Date: 12/10/2015. (Photos and broker comments courtesy of Berkshore Hathaway Home Services | Aspen Snowmass Properties)
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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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