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 12, Mar. 16 – 23, 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 (10): MLS #s: 132269, 132668, 127856, 132136, 132171, 128967, 123179, 132676, 127299, 109042. This link is valid until 04/23/2014.

Under Contract / Pending (10): MLS #s: 130077, 123073/130965, 130567, 132576, 132469, 131451, 132811, 133248, 130601, 120911/125328. This link is valid until 04/23/2014.

Aspen Snowmass Solds Last Week

MLS #127856 – Aspen, Central Core, Der Berghof condo, 100 E. Cooper Avneue 8, Aspen, CO: Sold Price: $2,900,000/$1,872 sq ft furnished. More details below photos.

MLS #127856 – Aspen, Central Core, Der Berghof condo, 100 E. Cooper Avneue 8, Aspen, CO: Sold Price: $2,900,000/$1,872 sq ft furnished; Asking Price: $3,176,000. (Original Price: $1,337,500 and 706 days on the market – at pre-construction price – since 04/13/2012.) This is a 1962 built/2013 remodeled, 2 bedroom/3 bath, 1,549 sq ft condo. The sale was supposed to have closed 12/18/13 but was delayed until now. Broker comments are, “Penthouse living in downtown Aspen. Entire building gutted and under construction. Beautifully designed 2 level condo with large terraces to take in the south facing views of Aspen Mountain and Koch Park. Chic and sophisticated ”world class” condo will be ready for occupancy September 2013. All interior selections of material finishes and furnishing by Design by Renee; Renee Bowden.” 2013 Taxes: $3,273; HOA Dues: TBD. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/09/2013; Sold Date: 03/19/2014. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #109042 – Old Snowmass farm/ranch, 8276 Snowmass Creek Road, Snowmass, CO: Sold Price: $6,300,000. More details below photos.

MLS #109042 – Old Snowmass farm/ranch, 8276 Snowmass Creek Road, Snowmass, CO: Sold Price: $6,300,000; Asking Price: $6,950,000. (Original Price: $8,750,000 and 2,499 days on the market since 05/15/2007.) This is a 3,049,200 sq ft (70 acre) ranch. Broker comments are, “A little piece of heaven on the banks of Snowmass Creek. Over 1700 linear feet of creek frontage makes this the perfect fishing property! This 70 acre premier horse property is just minutes from the Campground ski lift at Snowmass. Perfect for polo or as a summer cutting horse retreat. Enjoy private access to Snowmass Creek, two large ponds for more great fishing, as well as senior water rights. Two barns, two riding arenas, general store, trading post, and caretaker apartments currently exist on the property, as well as a 3 bedroom, 2 bath, 2513 sq ft cabin with wood-burning fireplace.See www.ranchaspen.com for more information.” 2013 Taxes: $8,310. Under Contract Date: 10/25/2013; Sold Date: 03/18/2014. (Photos and broker comment courtesy of Amy Doherty Properties.)

MLS #132269 – Aspen, East Aspen, Mountain Valley single family home, 309 Mountain Laurel Drive, Aspen, CO: Sold Price: $1,700,000/$724 sq ft unfurnished. More details below photos.

MLS #132269 – Aspen, East Aspen, Mountain Valley single family home, 309 Mountain Laurel Drive, Aspen, CO: Sold Price: $1,700,000/$724 sq ft unfurnished; Asking Price: $1,795,000. (Original Price: $2,275,000 and 1,379 days on the market since 06/11/2010.) This is a 1970 built/2007 remodeled, 4 bedroom/3 bath/1 half bath, 2,345 sq ft single family home on a 16,298 sq ft lot arguably selling at teardown or near vacant lot value. Broker comments are, “Enjoy Aspen Mtn. views from this well-maintained Mountain Valley ”treehouse”. Featuring a light and bright, airy open floor plan with vaulted ceilings and abundant windows to bring in the sunshine, large wood decks for entertaining and relaxing while listening to the sounds of the seasonal stream. This home has a wood-burning stove, country kitchen, an updated master bath, all bedrooms on the same level and excellent storage. Tucked in the mature aspens with perennial garden, this home is conveniently located in one of Aspen’s popular family neighborhoods, on the quiet East side of town, close to walking, biking and Nordic trails and a short one mile drive to Dial-A-Ride shuttle service to downtown Aspen.” 2013 Taxes: $4,253; HOA Dues: $200 Yr. Under Contract Date: 01/06/2014; Sold Date: 03/21/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #132668 – Aspen, Red Mountain, Ridge of Red Mountain, 274 Draw Drive, Aspen, CO: Sold Price: $4,000,000/$798 sq ft furnished. More details below photos.

MLS #132668 – Aspen, Red Mountain, Ridge of Red Mountain, 274 Draw Drive, Aspen, CO: Sold Price: $4,000,000/$798 sq ft furnished; Asking Price: $4,800,000. (Original Price: $5,400,000 and 602 days on the market since 07/25/2012.) This is a 1984 built/2008 remodeled, 4 bedroom/4 bath/2 half bath, 5,012 sq ft single family home with 2 car garage on a 31,656 sq ft lotarguably selling at teardown or near vacant lot value. Broker comments are, “Straight forward family home on the Ridge of Red Mountain enjoying lovely views from Aspen to Mt. Sopris. Large bedrooms and cubic volume: a perfect blank canvas for your buyers personal touches.” 2013 Taxes: $8,707; HOA Dues: $600 Yr. Under Contract Date: 01/24/2014; Sold Date; 03/18/2014. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #132136 – Aspen, Central Core, Hy-West condo, 835 E. Hyman Avenue, Aspen, CO: Sold Price: $375,000/$815 sq ft unfurnished. More details below photos.

MLS #132136 – Aspen, Central Core, Hy-West condo, 835 E. Hyman Avenue, Aspen, CO: Sold Price: $375,000/$815 sq ft unfurnished; Asking Price: $405,000. (Original Price: $405,000 and 77 days on the market since 11/16/2013.) This is a 1969 built, 1 bedroom/1 bath, 460 sq ft condo. Broker comments are, ” Location is perfect. One block to City Market, two blocks to downtown, five blocks to Smuggler hiking trail. Sites on the quiet east end of town and the exterior of building already updated. Hard wood floors, extra storage, assigned parking place and allows dogs for Owners and renters. Own for the price of renting before the lending criteria change on Jan 1, 2014.” 2013 Taxes: $727; HOA Dues: $567 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/29/2013; Sold Date: 01/31/2014. (Photos and broker comments courtesy of Terra Realty & Managment.)

MLS #132171 – Aspen, Central Core, Independence Square condo, 404 S. Galena Street #312, Aspen, CO: Sold Price: $370,000/$1,233 sq ft unfurnished. More details below photos.

MLS #132171 – Aspen, Central Core, Independence Square condo, 404 S. Galena Street #312, Aspen, CO: Sold Price: $370,000/$1,233 sq ft unfurnished; Asking Price: $389,000. (Original Price: $389,000 and 362 days on the market since 03/20/2013.) This is an 1889 built/2012 remodeled, 1 bedroom/1 bath, 300 sq ft hotel condo unit. Broker comments are, “Located in Aspen’s best Bed and Breakfast Hotel, this beautifully furnished Studio includes granite Wetbar, 60” TV, Mitsubishi A/C, and 3 Large windows to enjoy the dead-on Aspen Mountain Views. This is one of only 3 units in the Indy Square that have this view. With Front Desk convenience, Rooftop Terrace with Jacuzzi and BBQ Ski Storage, and located in the Center of Aspen what more could you ask? Designated ”Deluxe”, this condo has great rental history. Perfect for the part-time user who doesn’t need a large space or full kitchen. Easy to show. Pets allowed owner and tenants.” 2013 Taxes: $939; HOA Dues: $3,303 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/15/2014; Sold Date: 03/17/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #127299 – Snowmass Village, Two Creeks single family vacant lot, TBD Two Creeks Drive, Snowmass Village, CO: Sold Price: $3,075,000. More details below photos.
MLS #127299 – Snowmass Village, Two Creeks single family vacant lot, TBD Two Creeks Drive, Snowmass Village, CO: Sold Price: $3,075,000; Asking Price: $3,500,000. (Original Price: $4,500,000 and 1,384 days on the market since 06/04/2010.) This is a 123,710 sq ft (2.84 acre) single family lot in the Two Creeks Subdivision. Broker comments are, ” One of the most desirable lots in Two Creeks is now available. Lot 37 is located at the end of Two Creeks drive, on a quiet cul-de-sac with stunning views over Burnt Mountain. With the Continental Divide as a backdrop, it is guaranteed to take your breath away at any time of the year. Extremely easy ski in/out access during the winter or to hiking and biking in the summer. Imagine sitting on your back deck, taking in the views and listening to the sounds of a mountain stream. If you are looking to build your mountain escape, look no further than Lot 37 in Two Creeks located in Snowmass Village Colorado.” 2013 Taxes: $55,316; HOA Dues: $912 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/29/2014; Sold Date: 03/19/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128967 – Snowmass Village, Wood Run single family home, 437 Creek Lane, Snowmass Village, CO: Sold Price: $2,650,000/$838 sq ft furnished. More details below photos.

MLS #128967 – Snowmass Village, Wood Run single family home, 437 Creek Lane, Snowmass Village, CO: Sold Price: $2,650,000/$838 sq ft furnished; Asking Price: $2,795,000. (Original Price: $3,495,000 and 375 days on the market since 03/11/2013.) This is a 1977 built/2008 remodeled, 4 bedroom/4 bath, 3,160 sq ft single family home with 2 car garage on a 20,909 sq ft lot. Broker comments are, “Wonderful seclusion is enjoyed at this perfect family retreat. Situated in Woodrun on Creek Lane, easy ski-in/ski-out to lower Green Cabin (across from Coney Glade chair base) access in the winter and immediate out-the-door hiking in the summer. Cascading seasonal stream adds to idyllic private setting. South facing ski slope views.” 2013 Taxes: $10,974; HOA Dues: $90 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/31/2013; Sold Date: 03/18/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #123179 – Snowmass Village, Snowmass Mountain condo, 55 Woodbridge Road, Unit B-4, Snowmass Village, CO: Sold Price: $545,000/$414 sq ft furnished. More details below photos.

MLS #123179 – Snowmass Village, Snowmass Mountain condo, 55 Woodbridge Road, Unit B-4, Snowmass Village, CO: Sold Price: $545,000/$414 sq ft furnished; Asking Price: $599,000. (Original Price: $660,000 and 1,492 days on the market since 02/17/2010.) This is a 1973 built, 3 bedroom/2 bath, 1,316 sq ft condo with 2 car garage. Broker comments are, “Top floor vaulted ceilings in all 3 bedrooms and dining room. Views of the Snowmass Ski area from living room and dining rooms. Two car assigned carport. Steps to the village shuttle bus stop.” 2013 Taxes: $1,545; HOA Dues: $2,311 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by Aspen Snowmass Sotheby’s. Under Contract Date: 01/10/2014; Sold Date: 03/19/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheyb’s.)

MLS #132676 – Snowmass Village, Viceroy condo, 130 Wood Road 328, Snowmass Village, CO: Sold Price: $1,201,000/$1,124 sq ft furnished. More details below photos.

MLS #132676 – Snowmass Village, Viceroy condo, 130 Wood Road 328, Snowmass Village, CO: Sold Price: $1,201,000/$1,124 sq ft furnished; Asking Price: $1,265,000. (Original Price: $1,850,000 and 1,491 days on the market since 02/16/2010.) This is a 2010 built, 2 bedroom/2 bath, 1,068 sq ft hotel condo unit. 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: $6,541; HOA Dues: $6,737 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/21/2014; Sold Date: 03/17/2014. (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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