The Estin Report: The 4th Quarter and Year 2014 State of the Aspen Real Estate Market was released online Feb 7th in Current Reports. The print edition will be available in racks around town week of Feb 16th.

The Estin Report: Jan 2015 Aspen Snowmass Market Snapshot was released Feb 3, 2015 in Current Reports …Aspen sales in Jan ’15 are significantly up.

See recent Before/After redevelopment ‘flip job’ examples in prior 02/01/15 post. These are properties that have been recently or are currently being redeveloped for re-sale.

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 use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen, the information should be here.

Market Activity Week 6, Feb 1 – 8, 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 (5): MLS #”s:136290, 112734, 135787, 133338, 133844.This link is valid until 03/09/2015.

Under Contract/Pending (6): MLS #’s:128548,136298,136476,136495,136820,136853. This link is valid until 03/09/2015.

Aspen Snowmass Solds Last Week:

MLS #112734 – West Aspen, 815 Bonita Drive Aspen, CO: Sold Price: $4,800,000/$865 sq ft unfurnished. More details below photos.

MLS #112734 – West Aspen, 815 Bonita Drive Aspen, CO: Sold Price: $4,800,000/$865 sq ft unfurnished; Asking Price: $5,495,000. (Original Price: $7,950,000 and 1998 days on the market since 08/17/2009.) This is a 2009 built, 5 bedroom/5 bath/2 half-bath, 5,549 sq ft condo with 2 car garage. Broker comments are, “Rare oversized 5 bedroom residence directly on Aspen Championship Golf Course with stunning views of Pyramid Peak. This home features top floor Great Room/Dining Room, Kitchen and Master Suite with 4 additional Guest Suites, generous Family Room w/ wet bar, Wine Room, Theater and spacious outdoor porch with fireplace.” 2011 Taxes: 10,325. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/31/2014; Sold Date: 02/05/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)

MLS #136290 – West End, 223 E Hallam Street Aspen, CO: Sold Price: $4,250,000/$1,863 sq ft unfurnished.More details below photos.

MLS #136290 – West End, 223 E Hallam Street Aspen, CO: Sold Price: $4,250,000/$1,863 sq ft unfurnished; Asking Price: $4,300,000. (Original Price: $4,300,000 and 123 days on the market since 10/03/2014.) This is a 1888 built and 1950 remodeled, 5 bedroom/2 bath, 2,281 sq ft single family home with 2 car garage on 6,000 sq ft lot. The property was purchased by an Aspen developerwith re-construction to begin, anecdotedly, fall 2015.Broker comments are, “This property is quintessentially Aspen. Located in the heart of Aspen’s historic and coveted West End, it offers the classic charm of a Victorian era home that’s an easy and close walk to downtown. Built in the 1888’s, the existing 5 bdr, 2 ba home has incredible renovation potential with tall ceilings and open spaces. HIstorical Preservation Committee (HPC) approval is needed for a remodel with options for a single family residence. The home is on a 6000 sq ft lot featuring beautiful evergreen with stunning Aspen Mountain views. The property has typical front and rear setbacks in the R-6 zone. No employee housing requirement due to its historic designation. Ideal for a developer or end user. Buyers should measure the square footage of the property.” 2013 Taxes: $6,000. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/10/2014; Sold Date: 02/03/2015. (Photos and broker comments courtesy of Stirling Peak Properties, LLC)

MLS #135787 – West End, 333 W Bleeker Street Aspen, CO: Sold Price: $3,650,000/$1,792 sq ft unfurnished.More details below photos.

MLS #135787 – West End, 333 W Bleeker Street Aspen, CO: Sold Price: $3,650,000/$1,792 sq ft unfurnished; Asking Price: $3,995,000. (Original Price: $3,995,000 and 169 days on the market since 08/18/2014.) This is a 1909 built and 2013 remodeled, 3 bedroom/2 bath/1 half-bath, 2,036 sq ft single family home with 1 car garage on 6,000 sq ft lot. Broker comments are, “Acknowledged by the Aspen Historical Preservation Committee as an exquisite example of classic Victorian era architecture, this recently updated and well maintained home is a one of a kind Aspen gem. Situated on a 6,000 square foot corner lot in the desirable West End, a short walk puts you in the heart of the vibrant downtown or at the Music Tent. Features include warm & comfortable interior spaces, well-appointed kitchen, open entertaining area, fenced yard, private patio area, inviting outdoor spaces with mature landscaping, detached 297 square foot one car garage, and views of Aspen Mountain. Though classic by character, the essence of this home can be transformed with additional lower level space and a re-visioning of the interior. Additional FAR available.” 2014 Taxes: $4,490. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/11/2014; Sold Date: 02/03/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Hyman Mall)

MLS #133338 – Snowmass, Owl Creek Townhomes, 1121 Burnt Mountain Drive, Snowmass Village, CO; Sold Price: $3,495,000/$904 sq ft furnished. More details below photos.

MLS #133338 – Snowmass, Owl Creek Townhomes, 1121 Burnt Mountain Drive, Snowmass Village, CO; Sold Price: $3,495,000/$904 sq ft furnished; Asking Price: $3,495,000. (Original Price: $3,995,000 and 324 days on the market since 03/17/2014.) This is a 1997 built, 4 bedroom/4 bath/1 half-bath, 3,862 sq ft condo with 2 car garage. Broker comments are, “This spacious, Phase I, Owl Creek Town home lives more like a single family home without any of the hassle of a single family home. This open and airy 4 bedroom, 3862 square foot- end unit town home offers the sought after “B” floor plan with panoramic views of the mountain, hard wood floors through out and ski-in / ski-out access to Two Creeks. This town home is situated next to the creek with privacy and easy access to the bike and cross country trails.” 2014 Taxes: $12,037; HOA Dues: $22722. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/28/2014; Sold Date: 02/04/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate/Joshua & Co-SMV)

MLS #133844 – Snowmass, Ridge Run, 1382 Faraway Road, Snowmass Village, CO; Sold Price: $1,600,000/$404 sq ft furnished. More details below photos.

MLS #133844 – Snowmass, Ridge Run, 1382 Faraway Road, Snowmass Village, CO; Sold Price: $1,600,000/$404 sq ft furnished; Asking Price: $1,990,000. (Original Price: $1,990,000 and 289 days on the market since 04/14/2014.) This is a 1989 built, 4 bedroom/4 bath/1 half-bath, 3,953 sq ft single family home with 2 car garage on a 35,283 sq ft lot. Broker comments are, ” THE VIEWS! Sweeping panoramas at an utterly incredible value! If you are looking for a deal, an opportunity to create value–you definitely need to look at this one! It is a good house with the opportunity to update and have a real gem. The Sellers are selling the property as it is, giving you the opportunity to not only have a wonderful home but a great investment. You may live in a good house and ”glamourize” the already large kitchen and baths on your time line. In addition to a large attractive family room, a ”bonus” room allows for an exercise room, studio, office or extra room for guests. 2 car garage.” 2013 Taxes: $7,757; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/18/2014; Sold Date: 01/28/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Hyman Mall)

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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 at 970.309.6163 or by email. 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 Report on Aspen Real Estate.”

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