The Estin Report: Feb 2014 Aspen Real Estate Market Snapshot was posted in Current Reports on Mar 3, 14. The Snapshots are released on or about the 1st Monday of each month. Last week’s Aspen and Snowmass sales activity appears below. Scroll down page for photos and details of weekly solds 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. Or use SearchEstinAspen to search by topic, address, subdivision or complex name, date etc. If it’s about Aspen real estate, information should be here.

Click image for Feb 2014 Aspen Real Estate Market Snapshot pdf in Current Reports

Market Activity Week 11, Mar. 9 – 16, 2014: 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 (12): MLS #s: 128250, 132399, 125983, 132548, 130405, 130110, 133313, 130344, 133282, 132211, 133300, 124429. This link is valid until 04/16/2014.

Under Contract / Pending (15): MLS #s: 132640, 127602, 130672, 133208, 132059, 120277, 127549, 133009, 132021, 130648, 133286, 132495, 130740, 130180, 128392. This link is valid until 04/16/2014.

Aspen Snowmass Solds Last Week

MLS #128250 – Aspen, Central Core, Galena Lofts condo, 434 E. Main Street #301, Aspen, CO: Sold Price: $1,225,000/$1,296 sq ft furnished. More details below photos.

MLS #128250 – Aspen, Central Core, Galena Lofts condo, 434 E. Main Street #301, Aspen, CO: Sold Price: $1,225,000/$1,296 sq ft furnished; Asking Price: $1,350,000. (Original Price: $1,350,000 and 416 days on the market since 01/08/2013.) This is a 2003 built, 1 bedroom/2 bath, 945 sq ft condo. Located 1/2 block north of Main Street between the Pitkin County Courthouse and the Pitkin County Library. Broker comments are, “Contemporary downtown penthouse with fantastic views of Aspen Mountain & the Gondola. Step out your door and walk anywhere in Aspen’s core. Elevated 16 foot arched ceilings with top to bottom windows give you beautiful views and all day sun. Top of the line finishes throughout, fireplace, marble kitchen, master bath with steam shower & Jacuzzi tub. Elegant walnut hardwood floors, new air conditioning, and an outdoor deck to enjoy Aspen Mountain. Wonderful Southern sun exposure.” 2013 Taxes: $2,580; HOA Dues: $644 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/05/2014; Sold Date: 02/28/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #132399 – Aspen, Central Core, Shadow Mountain Village, 809 S. Aspen Street #2, Aspen, CO: Sold Price: $940,000/$1,000 sq ft furnished. More details below photos.

MLS #132399 – Aspen, Central Core, Shadow Mountain Village, 809 S. Aspen Street #2, Aspen, CO: Sold Price: $940,000/$1,000 sq ft furnished; Asking Price: $995,000. (Original Price: $995,000 and 98 days on the market since 12/16/2013.) This is a 1968 built/2013 remodeled, 2 bedroom/2 bath, 940 sq ft condo. Broker comments are, “Best priced ski in/ski out condo in Aspen! Perched at the top of South Aspen Street next to Lift 1A with a bird’s eye view of downtown and the mountains beyond. Sunny, comfortable, 2 bedroom unit with fireplace and common amenities such as a pool, BBQ deck, parking and laundry. New carpet and other improvements in 2013. Be a part of skiing history in Aspen as well as the Lift 1A Renaissance.” 2013 Taxes: 2,474; HOA Dues: $3,820. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/28/2014; Sold Date: 03/14/2014. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #125983 – Aspen, Central Core, North Nell condo, 555 E. Durant Avenue, Unit 4F, Aspen, CO: Sold Price: $2,490,000/$1,686 sq ft furnished. More details below photos.

MLS #125983 – Aspen, Central Core, North Nell condo, 555 E. Durant Avenue, Unit 4F, Aspen, CO: Sold Price: $2,490,000/$1,686 sq ft furnished; Asking Price: $2,795,000. (Original Price: $2,995,000 and 750 days on the market since 12/22/2011. This is a 1965 built, 3 bedroom/3 bath, 1,476 sq ft condo. Broker comments are, ” ”The” location in the heart of Aspen, just steps to the gondola! Completely remodeled & rarely available top floor condo in the North of Nell complex, featuring a rare 3 bedrooms, 3 baths, 1476 square feet, beautiful kitchen with stainless appliances, granite counters & cherry cabinetry, steam shower in master bath, stone gas fireplace, maple floors, flat screen TV’s, built-in DVD players, in-unit washer & dryer, radiant heat, central air conditioning, balcony, underground parking, and views of Aspen Mountain. Walk to shops, restaurants, and entertainment.” 2013 Taxes: $6,569; HOA Dues: $1,332 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/20/2014; Sold Date: 03/13/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #132548 – Aspen, Central Core, Independence Square condo, 404 S. Galena 307, Aspen, CO: Sold Price: $300,000/$1,000 sq ft furnished. More details below photos.

MLS #132548 – Aspen, Central Core, Independence Square condo, 404 S. Galena 307, Aspen, CO: Sold Price: $300,000/$1,000 sq ft furnished; Asking Price: $325,000. (Original Price: $325,000 and 756 days on the market since 02/17/2012.) This is an 1889 built/2010 remodeled 300 sq ft studio with 1 bath. Broker comments are, ” Top Floor east facing condo in downtown Aspen, nice views toward Smuggler Mtn & Independence Pass. Located in the center of town steps from the Gondola, world class restaurants, shopping and night life. Independence Square is know as Aspen’s Bed & Breakfast. It offers amenities such as front desk, ski locker, on-site management, roof top deck w/jacuzzi & 360 degree views. Perfect for spending time or for renting. Pet friendly.” 2013 Taxes: $853; HOA Dues: $3,302 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/07/2014; Sold Date: 03/14/2014. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #130405 – Aspen, Central Core, 210 Cooper condo, 210 E. Cooper Avenue 3D, Aspen, CO: Sold Price: $900,000/$1,041 sq ft furnished. More details below photos.

MLS #130405 – Aspen, Central Core, 210 Cooper condo, 210 E. Cooper Avenue 3D, Aspen, CO: Sold Price: $900,000/$1,041 sq ft furnished; Asking Price: $960,000. (Original Price: $960,000 and 287 days on the market since 06/19/2013.) This is a 1965 built, 2 bedroom/2 bath, 864 sq ft condo. Broker comments are, “Top Floor 2 bedroom 2 bath condominium in the heart of Aspen with views of Red Mt and Aspen Mt, sweet private deck, parking garage, recently updated bathrooms and new kitchen with skylights. Walk to everything that the Aspen Core has to offer. Owners have discussed allowing pets for owners and will finalize at the March HOA meeting.” 2013 Taxes: $1,990; HOA Dues: $1,536 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/21/2014; Sold Date: 03/14/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #130110 – Aspen, Central Core, Chateau Roaring Fork condo, 1039 E. Cooper Avenue #1-A, Aspen, CO: Sold Price: $845,000/$894 sq ft furnished. More details below photos.


MLS #130110 – Aspen, Central Core, Chateau Roaring Fork condo, 1039 E. Cooper Avenue #1-A, Aspen, CO: Sold Price: $845,000/$894 sq ft furnished; Asking Price: $998,000. (Original Price: $1,049,000 and 281 days on the market since 06/04/2013.) This is a 1969 built, 2 bedroom/2 bath, 945 sq ft condo. The price reflects the fact the river front unit is located on the NE corner of the complex immediately adjacent to East Cooper St. and there is significant road impact. Broker comments are, “Riverfrontage in the Aspen core. Walk out on your deck right on the Roaring Fork River, this 945 SF 2 bedroom 2 bathroom condo is perfect if you want to be right on the river and be in the center of downtown Aspen at a reasonable price. This condo offers a great opportunity for someone looking to create their own special look and feel. Special amenities include an oversized window area in the living room, dining room and kitchen, a dog friendly condominium complex and great short-term or long-term rental potential. Besides its great location in the center of Aspen, the Chateau Roaring Fork condo complex has great amenities such as a beautiful outdoor swimming pool, hot tubs, health club, conference facility and parking. 20-day Right of First Refusal.” 2013 Taxes: $1,947; HOA Dues: $2,671. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/14/2014; Sold Date: 03/11/2014. (Photos and broker comments courtesy of Frias Properties.)

No Photos For This West Aspen Mult-Family Lot:

MLS #133313 – Aspen, West Aspen, Aspen Airport Business Center (AABC) multi-family lot, 412 Aabc, Aspen, CO: Sold Price: $1,050,000; This vacant lot was sold to a builder/developer for its Affordable Housing credit(s) potential. Fro example, a developer in downtown Aspen is likely to be required to build or pay for Affordable Housing units as part of his overall development. His options are: pay ‘cash in lieu’ of building the units on-site to the Affordable Housing Authority, build the units on the site, or build the affordable housing units somewhere else. This vacant lot purchase could be used by a developer for building the units somewhere else, off-site. Asking Price: $1,050,000. (Original Price: $1,050,000, sold before MLS.) No MLS detail information or broker comments.

MLS #130344 – Old Snowmass single family home, Bank Owned REO sale, 2556 Lower River Road, Snowmass, CO: Sold Price: $2,750,000/$518 sq ft furnished. More details below photos.

MLS #130344 – Old Snowmass single family home, Bank Owned REO sale, 2556 Lower River Road, Snowmass, CO: Sold Price: $2,750,000/$518 sq ft furnished; Asking Price: $2,995,000. (Original Price: $7,950,000 and 2,841 days on the market since 06/01/2006.) This is a 2009 built, 4 bedroom/5 bath/1 half bath, 5,300 sq ft single family home with 3 car garage on 19.17 acres. One of the last ” pre-recession developer inventory built homes” to sell and builder timing could not have been worse…the house was completed late 2008. Great price for a beautiful contemporary home but …although the property is located on the river it is directly across from Hwy 82 in Snowmass Canyon, a four lane highway. There is significant noise and visual impact(s) caused by highway proximity directly on the other side of the river. Broker comments are, “Incredible opportunity! This contemporary riverfront getaway, nestled in the Aspen end of Snowmass Canyon, is the perfect balance of modern design and comfortable living. Intentionally designed and built facing south for natural light, this 4-bedroom, 4.5-bath retreat offers a cozy hearth room, wine room, lower level theatre room, den & more. Reflecting its close proximity to the river, the home’s exterior is constructed of limestone, zinc and wood siding. With more than 425 feet of river frontage, on 19+ acres, along the Rio Grande Trail, and just 15 minutes from world-class ski resorts, ample activities await.” 2013 Taxes: $20,278. Under Contract Date: 02/10/2014; Sold Date: 03/12/2014. (Photos and broker comments courtesy of B.J. Adams & Co.)

No Photos In MLS For this Country Club Single Family Home:

MLS #133282 – Snowmass Village, Country Club single family home, 432 Fairway Drive, Snowmass Village, CO: Sold Price: $1,200,000/$520 sq ft partially furnished; Asking Price: $1,295,000. (Original Price: $2,395,000 and 2,264 days on the market since 12/30/2007.) This is a 1976 built, 4 bedroom/3 bath, 2,305 sq ft single family home on a 7,034 sq ft lot. No broker comments. 2013 Taxes: $3,252. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/13/2014; Sold Date: 03/11/2014.

MLS #132211 – Snowmass Village, Country Club single family home, 353 Fairway Drive, Snowmass Village, CO: Sold Price: $1,406,000/$535 sq ft unfurnished. More details below photos.

MLS #132211 – Snowmass Village, Country Club single family home, 353 Fairway Drive, Snowmass Village, CO: Sold Price: $1,406,000/$535 sq ft unfurnished; Asking Price: $1,595,000. (Original Price: $1,850,000 and 633 days on the market.) This is a 1992 built/2011 remodeled, 3 bedroom/2 bath, 2,628 sq ft single family home with 1 car garage on a 8,116 sq ft lot. Broker comments are, “This is the perfect answer to finding a home within the Aspen School District. Lovely three-bedroom single family home located on Snowmass Club’s golf course with outstanding views of Mt. Daly and the Snowmass ski area. Recently remodeled to add a second living area on the lower level. Skylights in the bedrooms and private deck off of master bedroom add to the bright open feeling of the house. Shuttle service is down the connecting walkway to the Snowmass Club and cross country skiing or golf is right out the back door. Only one block to the Two Creeks ski lift. Enjoy the home now or use the updated FAR calculation to remodel to your taste.” 2013 Taxes: $5,204; HOA Dues: $90 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/15/2013; Sold Date: 03/07/2014. (Photos and broker comments courtesy of Joshua & Co.)

MLS #133300 – Snowmass Village, Bank Owned REO Sale, Interlude condo, 70 Gallun Lane 308c, Snowmass Village, CO: Sold Price: $1,285,000/$871 sq ft furnished. More details below photos.

MLS #133300 – Snowmass Village, Bank Owned REO Sale, Interlude condo, 70 Gallun Lane 308c, Snowmass Village, CO: Sold Price: $1,285,000/$871 sq ft furnished; Asking Price: $1,490,000. (Original Price: $1,750,000 and 1,146 days on the market since 11/18/2011.) This is a 1975 built, 3 bedroom3 bath, 1,475 sq ft condo. No broker comments. 2013 Taxes: $3,115; HOA Dues: $TBD. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/31/2013; Sold Date: 03/13/2014. (Photos courtesy of Aspen Snowmass Sotheby’s.)

MLS #124429 – Snowmass Village, Terrace House condo, 65 Campground Lane 62, Snowmass Village, CO: Sold Price: $420,000/$462 sq ft furnished. More details below photos.

MLS #124429 – Snowmass Village, Terrace House condo, 65 Campground Lane 62, Snowmass Village, CO: Sold Price: $420,000/$462 sq ft furnished; Asking Price: $449,000. (Original Price: $529,900 and 741 days on the market since 02/24/2012.) This is a 1972 built/2004 remodeled, 2 bedroom/2 bath, 908 sq ft condo. Broker comments are, “This second floor unit enjoys exceptional views of the small creek that runs through the complex, and is only 100 yards to Fanny Hill. The Terracehouse is located half way between the Snowmass Village Mall, and the new Base Village. An easy walk to the kids ski school, restaurants and retail shops in the mall. The unit is two bedrooms and a perfect size for a second home with the opportunity for short term rentals to help pay the expenses. Truly a great bargain.” 2013 Taxes: $1,584; HOA Dues: $2,276 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/04/2012; Sold Date: 03/06/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

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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 970.309-6163970.309-6163 or email from contact page. The Estin Report is copyrighted 2014 and all rights reserved. Use is permitted subject to the following attribution with link to the source: “The Estin Report on the Aspen real estate market”

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