Sept 24 – Oct 1, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (17)
The Estin Report: August 2017 Aspen Real Estate Monthly Snapshot has been posted in Current Reports.The Snapshots are usually posted on or near the 1st Monday of the month.
August 2017 Bottom Line
“The Aspen real estate market is cruising along in overdrive. August is traditionally a very active period for sales, and this August more so than ever. Sales at all prices points are exceedingly strong while inventory of properties for sale is declining significantly. Areas with particular sales velocity are Downtown Aspen, Red Mountain and the West End. Outlying areas are experiencing slower sales at lower prices—there’s value in them hills. There is concern the market is frothy with many asking how long can this last…Who really knows? No one…” Read more
Added to Aug 2017 Snapshot Summary:
Deep Dive: Sales by Location (Pgs 7 & 9 of Snapshot)
– Aspen: Sales by Neighborhoods
– Snowmass Village: Sales by Neighborhoods
The Estin Report: Mid-Year 2017 State of Aspen Real Estate
was released in the summer 2017 in Current Reports. The 32-Page report is available on-line as PDF and in a print edition in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.
“Flip Job” Examples: See recent Before/After Redevelopment in the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (07/4/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 40, Sept 24 – Oct 1, 2017
Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr 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. Scroll down the page for home 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 quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen real estate, the information should be here.
Closed (10): MLS#s 137186, 141826, 142878, 148348, 148866, 149744, 150089, 151015, 151034, 151036. This link is valid until 10/31/2017.
Under Contract/Pending (17): MLS#s 137889, 139835, 135276, 145161, 146129, 146325, 146717, 147145, 147147, 147284, 147542, 149451, 149532, 149717, 149895, 150411, 150943. This link is valid until 10/31/2017.
Aspen Snowmass Solds Last Week:
MLS #142878 – Aspen Meadows, West End, 650 Meadows Road, Aspen, CO. Sold Price: $10,400,000/$1,635 sq ft; furnished. More details below photos.
MLS #142878 – Aspen Meadows, West End, 650 Meadows Road, Aspen, CO. Sold Price: $10,400,000/$1,635 sq ft; furnished. Aspen single family home for sale. Ask Price: $11,900,000. (Original Price: $15,500,000 and 587 days on the market since 02/16/2016.) This is a 2002 built, 6 bedroom/6 bath/2 half-bath, 6,360 sq ft single family home with 2 car garage on a 12,000 sq ft lot. Broker comments are “Wake up and walk out onto your sunny backyard terrace to enjoy the peace and serenity of acres of open space, known as The Aspen Meadows. This impeccably maintained home has over 6,360 square feet of spacious living and is move-in ready. This home and the detached dwelling unit are on a sunny 12,000 square foot lot which is located in the highly sought after West End of Aspen. Five en suite bedrooms, a family kitchen, formal dining, living, and wine room are just a few of the amenities that this home has to offer. Why wait to build or drive out of town when you can buy now and enjoy. Don’t miss this opportunity to own one of the few luxury properties at this location. Guest quarters/ADU is 6th bedroom.” 2015 taxes: $20,904. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/28/2017; Sold Date: 09/25/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #151034 – Central Core, 601 E Hyman Avenue Unit 301, Aspen, CO. Aspen Penthouse; Sold Price: $6,500,000/$3,544 sq ft. More details below photo.
MLS #151034 – Central Core, 601 E Hyman Avenue Unit 301 PH, Aspen Penthouse, Aspen, CO. Sold Price: $6,500,000/$3,544 sq ft. Aspen penthouse condo for sale. Ask Price: $6,500,000. (Original Price: $9,995,00,000 and 256 days on the market since 01/17/2017.) This is a 2017 built, 3 bedroom/3 bath, 1,834 sq ft penthouse condo. Broker comments are “Top floor, single level penthouse living in downtown Aspen. Three bedrooms, views of Aspen Mountain and impeccable finishes throughout. Soak in the views from the deck, great for entertaining or private living. The home will be delivered fully furnished. Two blocks to the gondola. Brand new construction anticipated for delivery in early 2018.” 2017 taxes: $10,141; HOA Dues: TBD. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/24/2016; Sold Date: 09/29/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #151036 – Monarch on the Park, Central Core, 233 E Cooper Avenue 201, Aspen, CO. Sold Price: $5,550,000/$2,361 sq ft; furnished. More details below photo.
MLS #151036 – Monarch on the Park, Central Core, 233 E Cooper Avenue 201, Aspen, CO. Sold Price: $5,550,000/$2,361 sq ft; furnished. Aspen condo for sale. Ask Price: $5,550,000. (Original Price: $5,550,000 and 55 days on the market since 07/25/2017.) This is a 2008 built, 2 bedroom/2 bath/1 half-bath, 2,350 sq ft condo. Broker comments are “Sold before MLS.” 2016 taxes: $9,187. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/29/2017; Sold Date: 09/18/2017. (Photos and broker comments courtesy of Setterfield & Bright.)
MLS #141826 – Alpenblick, Central Core, 631 S Galena Street #14, Aspen, CO. Sold Price: $2,575,000/$1,552 sq ft; furnished. More details below photos.
MLS #141826 – Alpenblick, Central Core, 631 S Galena Street #14, Aspen, CO. Sold Price: $2,575,000/$1,552 sq ft; furnished. Aspen townhouse for sale. Ask Price: $2,599,000. (Original Price: $2,745,000 and 2,050 days on the market since 08/01/2012.) This is a 1965 built and 2007 remodeled, 3 bedroom/3 bath/1 half-bath, 1,659 sq ft townhouse. Broker comments are “This immaculate town home is less than 1 block from the Gondola in Aspen’s core! Its beautifully updated kitchen and bathrooms include granite, travertine and custom cabinetry. Enjoy 3 en suite bedrooms plus a den/office with balcony and powder room off the great room. New hardwood floors with brick & stone accents, coupled with a wood-burning fireplace, imparts a cozy, authentic, mountain experience. Enjoy views of Ajax from the southern windows and upper level deck. This town home has excellent rental history and potential. The common pool keeps the kids happy in the summer and everyone enjoys the hot tub year round. Exterior ski locker washer/dryer, furnishings, decorative accessories, linens & kitchenware are included.” 2012 taxes: $5,442; HOA Dues: $11,246 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/13/2017; Sold Date: 09/22/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #137186 – Central Core, 100 E Main Street #1, Aspen, CO. Sold Price: $1,910,907/$840 Sq Ft. More details below photos.
MLS #137186 – Central Core, 100 E Main Street #1, Aspen, CO. Sold Price: $1,910,907/$840 sq ft. Aspen commercial industria for sale. Ask Price: $2,733,600. (Original Price: $1,552,800 and 1,008 days on the market since 12/22/2014.) This is a 2017 built, 2,278 sq ft commercial space. Broker comments are “Brand new office space in high visibility location on Main Street. State of the art design and amenities. Great access and exposure on 1st floor. Perfect location for medical, dental, investment management, real estate, CPA’s, legal or other office users. Completion date is scheduled for summer 2016. A fantastic opportunity to own your own space and control your own destiny.” 2016 taxes: $8,465; HOA Dues: $15,528. Under Contract Date: 06/03/2015; Sold Date: 09/25/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #150089 – Hy-West, Central Core, 835 E Hyman Avenue Unit I Top, Aspen, CO. Sold Price: $1,585,000/$1,619 sq ft; furnished. More details below photos.
MLS #150089 – Hy-West, Central Core, 835 E Hyman Avenue Unit I Top, Aspen, CO. Sold Price: $1,585,000/$1,619 sq ft; furnished. Aspen condo for sale. Ask Price: $1,650,000. (Original Price: $1,650,000 and 69 days on the market since 07/20/2017.) This is a 1969 built, 2 bedroom/1 bath/1 3/4-bath, 979 sq ft condo. Broker comments are “Top Floor Luxury & Independence 4 Blocks to Little Nell. Refined living made simple. No shared walls, E, W & N windows, 2 Opening Skylights, AC in Master, Bedroom Views of Aspen Mtn, Vaulted Ceilings, Balcony, Off-street assigned parking, Storage in Locker + Mechanical Closet, Dogs allowed. Furnished, Turnkey. Well maintained small HOA. Short Term Rentals allowed. Sale note: buyer assumed responsibility for the roof replacement assessmemt; seller replaced 1 skylight.” 2016 taxes: $2,575; HOA: $1,372 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/18/2017; Sold Date: 09/27/2017. (Photos and broker comments courtesy of Cheryl L. Schmidt)
MLS #148348 – Hunter Creek, Smuggler, 1316 Vine Street 1316, Aspen, CO. Sold Price: $795,000/$799 sq ft. More details below photos.
MLS #148348 – Hunter Creek, Smuggler, 1316 Vine Street 1316, Aspen, CO. Sold Price: $795,000/$799 sq ft. Aspen condo for sale. Ask Price: $809,000. (Original Price: $819,000 and 174 days on the market since 04/07/2017.) This is a 1982 built, 3 bedroom/2 bath, 994 sq ft condo. Broker comments are “Super cute, easy living in this first level 3 bedroom, 2 bath condo located less than one mile to downtown. Enjoy the grassy area and privacy out the back door or the fabulous pool, hot tubs and tennis just a few steps out the front door! Walk the path to town or take the free shuttle.” 2016 taxes: $1,796; HOA: $441 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/14/2017; Sold Date: 09/28/2017. (Photos and broker comments courtesy of McKinley Sales)
MLS #148866 – Water View Condo, Woody Creek, 202 Waterview, Snowmass, CO: Sold Price: $270,000/$549 sq ft. More details below photos.
MLS #148866 – Water View Condo, Woody Creek, 202 Waterview, Snowmass, CO: Sold Price: $270,000/$549 sq ft. Snowmass condo for sale. Ask Price: $285,000. (Original Price: $285,000 and 132 days on the market since 05/09/2017.) This is a 1 bedroom/1 3/4-bath, 491 sq ft condo. Broker comments are “With peaceful river views and easy access to Aspen, this condo would be an ideal investment for any buyer.” 2016 Taxes: $1,345; HOA Dues: $371 per Month. Under Contract Date: 08/03/2017; Sold Date: 09/18/2017. (Photos and broker comments courtesy of RE/MAX Premier Properties)
MLS #151015 – Ridge Run, 318 Ridge Road, Snowmass Village, CO. Sold Price: $2,500,000. More details below photos.
MLS #151015 – Ridge Run, 318 Ridge Road, Snowmass Village, CO. Sold Price: $2,500,000. Snowmass Village single family vacant lot for sale. Ask Price: $2,600,000. (Original Price: $2,600,000 and on the market since 09/28/2017.) This is a 42,000 sq ft single family vacant lot. No broker comments. 2016 taxes: $18,602. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/28/2017; Sold Date: 09/28/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #149744 – Meadow Ranch, 202 Meadow Ranch, Snowmass Village, CO: Sold Price: $1,095,000/$608 sq ft; partial-furnished. More details below photos.
MLS #149744 – Meadow Ranch, 202 Meadow Ranch, Snowmass Village, CO: Sold Price: $1,095,000/$608 sq ft; partial-furnished. Snowmass Village duplex/half-duplex for sale. Ask Price: $1,195,000. (Original Price: $1,195,000 and 90 days on the market since 06/29/2017.) This is a 1976 built and 2016 remodeled, 3 bedroom/2 bath/1 half-bath, 1,801 sq ft duplex/half-duplex. Broker comments are “Light, bright, fully remodeled 3 bedroom, 3 bath Meadow Ranch unit. With over 1800 square feet, this property features Restoration Hardware furniture, a cozy gas fireplace, and a whole house Savant surround sound system. The two large decks with views are perfect for entertaining. 202 Meadow Ranch has all new appliances, radiant master bathroom heat, and 3 storage units attached to the unit. All of this within the Aspen school district. Easy to show, so come take a look !!” 2016 Taxes: $2,783; HOA Dues: $550 per Month. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/19/2017; Sold Date: 09/27/2017. (Photos and broker comments courtesy of Engel & Völkers)
Recent Estin Report tweets on Aspen Real Estate
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Disclaimer: The statements made in the Estin Report represent the opinions of the author and they should not be relied upon exclusively to make real estate decisions. Information concerning particular real estate opportunities can be requested from Aspen real estate broker agent Tim Estin at 970.309.6163 or by email. A potential buyer is advised to make an independent investigation of the market and of each property before deciding to purchase. Your opinions may be different. To the extent the statements made herein report facts or conclusions drawn 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 and the information provided is subject to change. The Estin Report is copyrighted 2017 and all rights are reserved. Use is permitted subject to the following attribution with an active link to the source: “The Estin Report by broker Tim Estin MBA, GRI on Aspen real estate.“
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