Market Activity Week 9, Feb. 23 – Mar 2, 2014

The Estin Report: Feb 2014 Aspen Real Estate Market Snapshot was posted today – the snapshots are released on or about the 1st Monday of each month – in Current Reports. The Q4 2013 and Year 2013 State of the Aspen Market report was released in Current Reports on Jan. 27, 2014.

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

Last week’s 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 charts above for Q4 2013 & Year 2013 State of the Aspen Market (released Jan. 26, 2014).

Last Week’s Market Activity: 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 (13): MLS #s: 121582, 127075, 127079, 122454, 129227, 122699, 129150, 132416, 133095, 132415, 128596, 127881, 132781. This link is valid until 04/02/2014.

Under Contract / Pending (13): MLS #s: 127506, 129873, 133060, 130554/130556, 132959, 125926, 130714, 131627, 128453, 132811, 122368, 130341, 130405. This link is valid until 04/03/2014.

Aspen Snowmass Solds Last Week

MLS #121582 – Aspen, West Aspen, Gaylord / Red Butte subdivision riverfront single family home, 1260 Red Butte, Aspen, CO: Sold Price: $11,750,000/$1,445 sq ft furnished. More details below photos.

MLS #121582 – Aspen, West Aspen, Gaylord single family home, 1260 Red Butte, Aspen, CO: Sold Price: $11,750,000/$1,445 sq ft furnished; Ask Price: $13,900,000. (Original Price: $13,900,000 and 984 days on the market since 06/20/2011.) This is a 6 bedroom/6 bath/2 half bath, 8,126 sq ft single family home with 2 car garage on a 23,740 sq ft lot. This is one of the few new built homes on the market and represents a strong sale …”This property is on the banks of the Roaring Fork, at a spot where one seldom experiences an estate this size with with sun and river… This home celebrates both. Amazing southern exposure washes the interior with natural light from sunrise to sunset. Walkout decks extend the experience further, overlooking a one-acre meadow and the Roaring Fork River. Within Aspen City limits, just approx. 2 miles to town by foot, by car, by bike path, by shuttle bus service.” 2013 Taxes: $12,518; City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/21/2014; Sold Date: 02/28/2014. (Photos and broker comments courtesy of Bob Bowden Properties.)

MLS #127075 – Aspen, West Aspen, Maroon Creek Club single family home, 511 Lazy Chair Road, Aspen, CO: Sold Price: $2,500,000/$387 sq ft unfurnished. More details below photos.

MLS #127075 – Aspen, West Aspen, Maroon Creek Club single family home, 511 Lazy Chair Road, Aspen, CO: Sold Price: $2,500,000/$387 sq ft unfurnished; Asking Price: $3,250,000. (Original Price: $3,250,000 and 542 days on the market since 09/04/2012.) This is a 1954 built, 4 bedroom/4 bath/1 half bath, 6,455 sq ft single family “teardown” home with 2 car garage on a 104,544 sq ft or 2.5 acre lot. Broker comments are, “A spectacular homesite lot between the 10th green and 11th tee of the Maroon Creek Golf Course. Gorgeous views of Aspen Highlands & the mountain ranges and excellent privacy. The existing house is a ”tear down”. The adjacent parcel (Vacant Lot 3) is also for sale for $2,500,000 (MLS #127079) which would allow for a great family compound.” 2013 Taxes: $9,452. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/14/2014; Sold Date: 02/28/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #127079 – Aspen, West Aspen, Maroon Creek Club single family lot, Tbd Lazy Chair Road, Aspen, CO: Sold Price: $2,000,000. More details below photo.

MLS #127079 – Aspen, West Aspen, Maroon Creek Club single family lot, Tbd Lazy Chair Road, Aspen, CO: Sold Price: $2,000,000; Asking Price: $2,500,000. (Original Price: $2,500,000 and 542 days on the market since 09/04/2012.) This is an 87,120 sq ft, or 2 acre, single family lot in the Maroon Creek Club subdivision. Broker comments are, “A spectacular homesite between the 10th green and 11th tee of the Maroon Creek Golf Course! Gorgeous views of Aspen Highlands & the mountain ranges and excellent privacy. The adjacent parcel (Lot 2, 2.5 acres ) is also for sale for $3,250,000 (MLS #127075/#127077) which would allow for a great family compound.” 2013 Taxes: $29,060. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/14/2014; Sold Date: 02/28/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #122454 – Aspen, West Aspen, Kellner Duplex, 730 W. Bleeker Street West, Aspen, CO: Sold Price: $2,250,000/$535 sq ft furnished. More details below photos.

MLS #122454 – Aspen, West Aspen, Kellner Duplex, 730 W. Bleeker Street West, Aspen, CO: Sold Price: $2,250,000/$535 sq ft furnished; Asking Price: $2,450,000. (Original Price: $2,950,000 and 927 days on the market since 08/17/2011.) This is a 1990 built, 3 bedroom/4 bath/1 half bath, 4,204 sq ft condo with 2 car garage. The sharply reduced purchase price can be attributed to its corner location adjacent to the “S-turn” on 7th (Hwy 82) and Bleeker and the very dated quality of the structure itself. Broker comments are, “Best priced Aspen property per sq.ft. Spacious three level, 3-bedroom,4-1/2 bath duplex with private 2-car garage. Cathedral ceilings in the living room, master and guest master bedrooms. Each master has its own outside deck.” 2013 Taxes: $5,666; HOA Dues: $600 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/16/2014; Sold Date: 02/28/2014. (Photos and broker comments courtesy of Frias Properties.)

MLS #129227 – Aspen, Central Core, 820 E. Hyman Ave. Town Homes duplex, 818 E. Hyman Avenue, Aspen, CO: Sold Price: $2,850,000/$1,310 sq ft partially furnished. More details below photos.

MLS #129227 – Aspen, Central Core, 820 E. Hyman Ave. Town Homes duplex, 818 E. Hyman Avenue, Aspen, CO: Sold Price: $2,850,000/$1,310 sq ft partially furnished; Asking Price: $2,980,000. (Original Price: $3,260,000 and 336 days on the market since 03/29/2013.) This is a 1989 built, 3 bedroom/3 bath, 2,175 sq ft duplex with 2 car garage on a 3,000 sq ft lot. Broker comments are, “Perfectly located duplex townhome with windows on three sides – on the edge of core on quiet low traffic Hyman Avenue yet only one block to City Market and restaurants. Sunny and south facing, with Big Aspen Mt. views. Little private fenced yard. An entertainer’s delight with one of the most private roof top decks with a hot tub in the core. Spacious master suite plus two other bedroom and bath suites. Large immaculate two car garage with lots of built in storage. Newly installed air conditioning system. New subzero. 2,175 SF, plus 290 SF roof top deck, plus 435 SF Garage, plus two outside parking spaces. Ask about potential expansion to add 700 square feet. Buyer must verify.” 2013 Taxes: $5,428. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/17/2014; Sold Date: 02/28/2014. (Photos and broker comments courtesy of Lane Schiller Properties.)

MLS #122699 – Aspen, Red Mountain, 120 Red Mountain Road, Aspen, CO: Sold Price: $3,100,000/$1,154 sq ft unfurnished. More details below photos.

MLS #122699 – Aspen, Red Mountain, 120 Red Mountain Road, Aspen, CO: Sold Price: $3,100,000/$1,154 sq ft unfurnished; Asking Price: $3,750,000. (Original Price: $5,750,000 and 911 days on the market since 09/12/2011.) This is a 1962 built/1965 remodeled, 4 bedroom/3 bath, 2,685 sq ft single family home with 2 car garage on a 31,363 sq ft lot. The property can be regarded as a “teardown” and it is located at the base of red Mountain in a wooded, Hunter Creekside lot. Broker comments are, “Walk to town from this Former home of renowned local artist. Her studio room overlooking hunter creek is both inspiring and beautiful. The living area is open and the family can remember exotic aromas coming from the kitchen as an expression of world travels. It is a happy and charming older contemporary tucked in a special private spot with fantastic trees & views ,waiting for a new family to enjoy.” 2013 Taxes: $11,625. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/07/2014; Sold Date: 02/27/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #129150 – Aspen, East Aspen, Aspen Hills condo, 336 Midland Avenue, Aspen, CO: Sold Price: $612,500/$717 sq ft furnished. More details below photos.

MLS #129150 – Aspen, East Aspen, Aspen Hills condo, 336 Midland Avenue, Aspen, CO: Sold Price: $612,500/$717 sq ft furnished; Asking Price: $624,900. (Original Price: $680,000 and 771 days on the market since 01/19/2012.) This is a 1965 built/2010 remodeled, 1 bedroom/1 bath, 854 sq ft condo. Broker comments are, “HUGE, bright, sunny one bedroom (854 SF)with a loft and walk in closet on two levels. Complete remodel down to the studs in 2010 – new appliances, floors, shower, tub, skylights, etc. Quiet location in the East end with a large yard, 12′ ceilings, Air Conditioning, 2 assigned parking spaces, and a private deck make this a great property for locals or a turn key rental.” 2013 Taxes: $1,515; HOA Dues: $400 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/21/2014; Sold Date: 02/28/2014. (Photos and broker comments courtesy of Weaver & Briscoe.)

MLS #132416 – Snowmass Village, REO – Bank Owned Sale, Country Club single family home, 208 Fairway Drive, Snowmass Village, CO: Sold Price: $1,035,000/$377 sq ft. More details below photos.

MLS #132416 – Snowmass Village, REO – Bank Owned Sale, Country Club single family home, 208 Fairway Drive, Snowmass Village, CO: Sold Price: $1,035,000/$377 sq ft; Asking Price: $1,050,000. (Original Price: $1,050,000 and 70 days on the market since 12/18/2013.) This is a 1996 built, 3 bedroom/3 bath/1 half bath, 2,745 sq ft single family home with 2 car garage on a 7,499 sq ft lot. Broker comments are, “Excellent remodel opportunity in Snowmass Village. This home sits on an interior lot in a convenient location on Fairway Drive. Property features vaulted ceilings, a main level master suite with large bathroom and a small study. Two additional bedrooms are located on the walk out, lower level with baths en suite as well a family room. Property sold As-Is.” 2013 Taxes: $3,818. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/31/2013; Sold Date: 02/24/2014. (Photos and broker comments courtesy of Merritt Group.)

MLS #133095 – Snowmass Village, Pines @ Owl Creek single family lot, 71 Spruce Ridge, Snowmass Village, CO: Sold Price: $3,600,000. More details below photo.

MLS #133095 – Snowmass Village, Pines @ Owl Creek single family lot, 71 Spruce Ridge, Snowmass Village, CO: Sold Price: $3,600,000; Asking Price: $3,600,000. (Original Price: $3,600,000 and sold before MLS.) This is a 40,206 sq ft single family lot in the Pines @ Owl Creek subdivison, one of SMV’s most expensive neighborhoods near the Two Creeks Ski Lift area . Broker comments are, “Great Lot within the Pines with easy ski access, gentle slope for building and great views.” 2013 Taxes: $34,419. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/13/2014; Sold Date: 02/27/2014. (Photos and broker comments courtesy of Alpine Real Estate.)

MLS #132415 – Snowmass Village, Crestwood condo, 400 Wood Road B-2307, Snowmass Village, CO: Sold Price: $415,000/$447 sq ft furnished. More details below photos.

MLS #132415 – Snowmass Village, Crestwood condo, 400 Wood Road B-2307, Snowmass Village, CO: Sold Price: $415,000/$447 sq ft furnished; Asking Price: $430,000. (Original Price: $430,000 and 72 days on the market since 12/17/2013.) This is a 1970 built, 2 bedroom/2 bath, 928 sq ft condo. Broker comments are, “Beautifully located corner one-bedroom + loft, with extra windows and wraparound balcony. Priced so that buyer can renovate to Crestwood’s highest standards and still be under the market. Views across valley and toward Fanny Hill. Overlooking pool. Seller is not currently renting the property, and it can be shown anytime.” 2013 Taxes; $9,236; HOA Dues: $13,534. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/28/2014; Sold Date: 02/27/2014. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #128596 – Snowmass Village, Crestwood condo, 0400 Wood Road H-2116, Snowmass Village, CO: Sold Price: $1,090,000/$693 sq ft. More details below photos.

MLS #128596 – Snowmass Village, Crestwood condo, 0400 Wood Road H-2116, Snowmass Village, CO: Sold Price: $1,090,000/$693 sq ft; Asking Price: $1,150,000. (Original Price: $1,335,000 and 389 days on the market since 02/05/2013.) This is a 1970 built/2005 remodeled, 3 bedroom/3 bath, 1,572 sq ft condo. Broker comments are, “A beautifully renovated property which, by combining and taking down to the studs a 1-bdrm and a 2-bdrm, made for a wide floorplan and a very gracious great room overlooking the gondola and the ski trail which leads to Base Village. All new kitchen and baths, elegancy cabinetry, built-in entertainment center and closets. Two fireplaces with dry stack stone surround. The remodel incorporated good owner storage spaces, as well. Great location just steps from the ski slopes, The Crestwood’s ski-concierge center, and the grotto style hot tub and spa. Expansive vistas across the ski trail down the Brush Creek Valley from a long deck. Easy adjacent parking. Rated Deluxe by management.” 2013 Taxes: $3,637; HOA Dues: $29,642 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/14/2014; Sold Date: 02/28/2014. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #127881 – Snowmass Village, Crestwood condo, 400 Wood Road #1205, Snowmass Village, CO: Sold Price: $357,000/$531 sq ft furnished. More details below photos.

MLS #127881 – Snowmass Village, Crestwood condo, 400 Wood Road #1205, Snowmass Village, CO: Sold Price: $357,000/$531 sq ft furnished; Asking Price: $399,000. (Original Price: $450,000 and 452 days on the market since 12/03/2012.) This is a 1970 built/2012 remodeled, 1 bedroom/1 bath, 672 sq ft condo. Broker comments are, “Location, location, location. Front and center at the Crestwood, directly adjacent to Fanny Hill as well as the Base Village plaza. You can look out from your living room to see how long the lift line is at the Village Express high-speed 6-pak lift on Fanny Hill. Or, decide to visit Elk Camp your first run of the day and choose to ride the Elk-Camp Gondola. And just out your front door is the newly renovated swimming pool, 2 hot tubs and fitness center. This unit is totally fresh and has earned a premier rating, the Crestwood’s highest.” 2013 Taxes: $1,556; HOA Dues: $12,227. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/12/2014; Sold Date: 02/28/2014. (Photos and broker comment courtesy of B.J. Adams & Co.)

MLS #132781 – Snowmass Village, Viceroy condo, 130 Wood Road 240, Snowmass Village, CO: Sold Price: $392,350/$714 sq ft furnished. More details below photos.

MLS #132781 – Snowmass Village, Viceroy condo, 130 Wood Road 240, Snowmass Village, CO: Sold Price: $392,350/$714 sq ft furnished; Asking Price: $413,000. (Original Price: $413,000 and 85 days on the market since 11/27/2013.) This is a 2010 built, 1 bedroom/1 bath, 549 sq ft condo. Broker comments are, “New Condominium units now available at the world-acclaimed Viceroy. Ski in-Ski-out in Snowmass’ Base Village, there is nothing else like in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2013 Taxes: $3,203; HOA Dues: $3,463. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/29/2014; Sold Date: 02/20/2014. (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 970.309-6163 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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