The Estin Report: Dec 2015 and Jan 2016 Aspen Snowmass Real Estate Market Snapshots were posted 2/9/16 inCurrent Reports.The Monthly Snapshots are released on or near the 1st Monday of the month.

See recent Before/After redevelopment‘flip job’ examplesin Miscellaneous Info at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (11/24/15) as additional re-sale properties come on the market at significantly higher prices.

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

_______________________

Market Activity Week 6, February 7 – 14, 2016

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:142648, 141712, 141882, 137385, 142247, 138200, 126245, 141270, 139589, 141650.This link is valid until 3/15/2016.

Under Contract/Pending (5):MLS#’s:142133, 141883, 136528, 136702, 140330. This link is valid until 3/15/2016.

Aspen Snowmass Solds Last Week:

MLS #142648 – Central Core Commercial on Restaurant Row, 308 E Hopkins, Aspen, CO: Sold Price: $6,303,173., the amount owed to bank.) More details below photos.

MLS #142648 – Central Core Commercial, 308 E Hopkins, Aspen, CO: Sold Price: $6,303,173., (amount owed to bank.) Asking Price: $8,900,000. (Original Price: $9,975,000 on the market since 3/6/13.) This is a 2009 built, approximate 14,000 sq ft, mixed use building located in the heart of Aspen’s restaurant row. The sale was for the combined 8,337 sq ft of commercial and deed restricted affordable housing space in the building. (The 5,500 sq ft Penthouse on floors 2 and 3 was not a part of the sale.) The commercial units are: the ground floor commercial (Unit 101 = 2,679 sq ft), the basement commercial (Unit LL1 = 3,868 sq ft) and (3) Affordable Housing Units (these are 1 Bdrm/1 Ba AHU’s: #202 = 582 sq ft; #203 = 650 sq ft; #204 = 558 sq ft. Total AHU sq ft = 1,790 sq ft). The sale was the result of a bank foreclosure on the original 2009 owners/developers of the property, JW Ventures LLC. The building location was the site of the former La Cocina Restaurant, a local’s favorite, on a 6,000 sq ft lot that sold on 9/30/05 for $4M. See article. As this was the first time the AHU’s had traded, the buyer was allowed to purchase them at the developer’s significantly reduced rate set by the Aspen / Pitkin Housing Office. Future sales of these units will follow the Housing Office guidelines. No broker comments. 2015 Taxes: $57,619. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/22/2016; Sold Date: 01/22/2016. (Photos courtesy of Aspen Snowmass Sothebys International Real Estate)

MLS #141712 – Gant, Central Core, 610 S West End Street D306, Aspen, CO: Sold Price: $1,360,000/$1,3067 sq ft; furnished. More details below photos.

MLS #141712 – Gant, Central Core, 610 S West End Street D306, Aspen, CO: Sold Price: $1,360,000/$1,3067 sq ft; furnished. Asking Price: $1,395,000. (Original Price: $1,395,000 and 597 days on the market since 03/10/2014.) This is a 1972 built and 2011 remodeled, 2 bedroom/2 bath, 1,040 sq ft condo. Broker comments are “One of the very best locations and floor plans at the Gant. This corner condominium features a larger living room layout and a signature, top-floor vaulted ceiling. Aspen’s surrounding natural playground is celebrated with two decks, while coveted southern exposure frames views toward the Ute Trail summit and the Aspen Mountain gondola. A nearby seasonal stream dances with serene sounds during spring and summer, and mature trees hug the property, providing just the right amount of privacy without compromising the views. Relax with family and friends around the wood-burning fireplace after another epic powder day. The Gant is Aspen’s premier resort with a great location just a short walk to all of the shopping, dining and activities that have made Aspen famous. The property features two pools, hot tubs, gym, café and conference facility and hard/clay tennis courts. Convenient shuttle service to the airport and around town. Onsite management and concierge is ready to make every visit extraordinary.” 2014 Taxes: $3,195; HOA Dues: $25,996 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/15/2015; Sold Date: 02/03/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #141882 – Midland Condos, Central Core, 601 S West End Street #6, Aspen, CO: Sold Price: $822,000/$1,475 sq ft; furnished. More details below photos.

MLS #141882 – Midland Condos, Central Core, 601 S West End Street #6, Aspen, CO: Sold Price: $822,000/$1,475 sq ft; furnished. Asking Price: $840,000. (Original Price: $840,000 and 66 days on the market since 12/04/2015.) This is a 1969 built and 2011 remodeled, 1 bedroom/1 bath, 557 sq ft condo. Broker comments are “Overlooking Glory Hole Park, this beautifully remodeled one-bedroom Midland Condominium is a quiet retreat just three blocks from the gondola. Elegant interior finishes include granite, travertine, onyx, stainless appliances, Alder custom cabinets, built-ins, doors and trim. Get cozy by the fireplace or revel in a peaceful moment overlooking the park from the balcony. Enjoy the convenience of off-street parking and in-unit washer and dryer.” 2014 Taxes: $1,597; HOA Dues: $1,450 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/24/2015; Sold Date: 02/08/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #137385 – Divide, Snowmass Village, 605 Divide Drive, Snowmass Village, CO: Sold Price: $7,500,000/$1,267 sq ft. More details below photos.

MLS #137385 – Divide, Snowmass Village, 605 Divide Drive, Snowmass Village, CO: Sold Price: $7,500,000/$1,267 sq ft. Asking Price: $8,250,000. (Original Price: $9,450,000 and 405 days on the market since 01/02/2015.) This is a 1994 built and 2006 remodeled, 5 bedroom/5 bath/1 half bath, 5,917 sq ft single family residence with 2 car garage on a 55,321 sq ft lot. Broker comments are “This award-winning slope side home was designed by Tim Hagman and features Colorado mountain-style with a hint of California Mission-style. The exterior dry-stacked stone leads inside to form a dominant feature in the open kitchen and living room. Large wood trusses accent the high vaulted ceilings with commanding views of Mt. Daly and the adjacent ski runs. The dining room opens to a private interior courtyard and there’s a great relationship with all the interior spaces to the multiple outdoor entertaining areas. Separate media room, master wing with adjoining office, wine room and large ski/mud room complete this ski-in/ski-out mountain getaway.” 2014 Taxes: $20,640; HOA Dues: $5,623 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/01/2016; Sold Date: 02/11/2016. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #142247 – Wood Run, Snowmass Village, 1191 Wood Road, Snowmass Village, CO: Sold Price: $3,584,000/$916 sq ft; furnished. More details below photos.

MLS #142247 – Wood Run, Snowmass Village, 1191 Wood Road, Snowmass Village, CO: Sold Price: $3,584,000/$916 sq ft; furnished. Asking Price: $3,695,000. (Original Price: $3,695,000 and 1,243 days on the market since 08/03/2012.) This is a 2007 built and 2010 remodeled, 4 bedroom/4 bath/1 half bath, 3,912 sq ft single family residence with 2 car garage on a 21,724 sq ft lot. Broker comments are “Completely staged, ski in-out access, total mountain stone, timber & copper home with big wide open spaces. Floor to ceiling glass with beautiful mountain views. Great room open to dining and kitchen style floor plan. Gourmet kitchen with full walk-in pantry. French doors, stone patios, built in grill, 2 outdoor fireplaces. Private master suite w/fireplace, views, private deck, outdoor fireplace and spa-like walk-in shower that opens to the great out-doors! Big bunk room, sleeps 6. Family room w/brilliant built-in bar w/back-up fridge, sink & storage for game day! Sauna + outdoor hot tub under the stars. Mature summer landscaping of flowers and stone paths, that surround the property. Hard-wood and stone floors w/radiant heat. Garage with work bench. Incredible details throughout.” 2015 Taxes: $12,063; HOA Dues: $90 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/08/2016; Sold Date: 02/04/2016. (Photos and broker comments courtesy of BERKSHIRE HATHAWAY HomeServices | Aspen Snowmass Properties)

MLS #138200 – Wood Run, Snowmass Village, 500 Edgewood Lane, Snowmass Village, CO: Sold Price: $3,560,000/$963 sq ft; unfurnished. More details below photos.

MLS #138200 – Wood Run, Snowmass Village, 500 Edgewood Lane, Snowmass Village, CO: Sold Price: $3,560,000/$963 sq ft; unfurnished. Asking Price: $3,995,000. (Original Price: $3,995,000 and 248 days on the market since 03/23/2015.) This is a 1994 built and 2014 remodeled, 4 bedroom/4 bath/1 half bath, 3,693 sq ft single family residence with 2 car garage on a 25,661 sq ft lot. Broker comments are “Commanding VIEWS and SKI IN, SKI OUT access!! Newly remodeled with a soft mountain contemporary style and quality finishes throughout. Open floor plan and high volume ceilings creating great space for entertaining although maintaining a warm feel for small groups. Master on the main level and three bedrooms on the lower level for family and guests. There is no below grade space in this home allowing natural light throughout the home. There is a two car garage with a large snowmelt driveway and a barbecue area off the kitchen. A short walk to the Guggenheim trail provides the ski access for you and your guests without having to get into a car. New landscaping plan in progress.” 2014 Taxes: $10,300; HOA Dues: TBD per Month. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/17/2015; Sold Date: 02/03/2016. (Photos and broker comments courtesy of Aspen Associates Realty Group LLC)

MLS #126245 – Wood Run Place, Snowmass Village, 425 Wood Road 60, Snowmass Village, CO: Sold Price: $2,483,000/$1,054 sq ft; furnished. More details below photos.

MLS #126245 – Wood Run Place, Snowmass Village, 425 Wood Road 60, Snowmass Village, CO: Sold Price: $2,483,000/$1,054 sq ft; furnished. Asking Price: $2,695,000. (Original Price: $3,685,000 and 1,319 days on the market since 07/02/2012.) This is a 2008 built, 4 bedroom/4 bath/1 half bath, 2,354 sq ft townhouse with 2 car garage. Broker comments are “New 4 Bed, 4 1/2 Bath Townhome at Wood Run Place. Fully Furnished and Accessorized! Direct Easy Ski-in, Ski-out access to Fanny Hill. Two Underground Heated Parking Spaces. Elevator to front door. On site management. Location, Location, Location!” 2014 Taxes: $9,181; HOA Dues: $34,646 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/12/2016; Sold Date: 02/11/2016. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #141270 – Melton Ranch, Snowmass Village, 97 Martingale Place, Snowmass Village, CO: Sold Price: $2,300,000/$668 sq ft; furnished. More details below photos.

MLS #141270 – Melton Ranch, Snowmass Village, 97 Martingale Place, Snowmass Village, CO: Sold Price: $2,300,000/$668 sq ft; furnished. Asking Price: $2,595,000. (Original Price: $2,595,000 and 550 days on the market since 07/31/2014.) This is a 1999 built, 4 bedroom/4 bath/1 half bath, 3,544 sq ft single family residence with 2 car garage in 21,621 sq ft lot. Broker comments are “SIMPLY STUNNING!!! This beautiful home offers big, magnificent views, a great floorplan,beautiful landscaping and absolute convenience at a very affordable price. Impeccably maintained. Offered furnished. This home is one of the most convenient locations, offering free shuttle service to the SMV mall/ski slopes, as well as free busses to/from Aspen & the Aspen Airport. The current listing price is $625K LESS THAN SELLERS’ COST!” 2014 Taxes: $7,985; HOA Dues: $150+/- per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/20/2015; Sold Date: 02/02/2016. (Photos and broker comments courtesy of Aspen Core Realty)

MLS #139589 – Snowmass Mountain, Snowmass Village, 55 Upper Woodbridge Road E-3, Snowmass Village, CO: Sold Price: $490,000/$353 sq ft; furnished. More details below photos.

MLS #139589 – Snowmass Mountian, Snowmass Village, 55 Upper Woodbridge Road E-3, Snowmass Village, CO: Sold Price: $490,000/$353 sq ft; furnished. Asking Price: $530,000. (Original Price: $599,000 and 224 days on the market since 06/15/2015.) This is a 1973 built, 3 bedroom/2 bath/1 3/4-bath, 1,388 sq ft condo. Broker comments are “Lots of room in this 1388 Square Foot 3 bedroom, 3 bath plus den. Super views from living area towards the golf course and Continental Divide. Rare large back deck that faces the ski area, located through the double doors off of the upstairs den. Carport. Large storage area. Washer/dryer in property.” 2015 Taxes: $1,746; HOA Dues: $2,826 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/20/2015; Sold Date: 02/10/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #141650 – Lazy Glen Mobile Park, Snowmass Village, 96 Lazy Glen, Snowmass Village, CO: Sold Price: $324,000/$217 sq ft; unfurnished. More details below photos.

MLS #141650 – Lazy Glen Mobile Park, Snowmass Village, 96 Lazy Glen, Snowmass Village, CO: Sold Price: $324,000/$217 sq ft; unfurnished. Asking Price: $335,000. (Original Price: $335,000 and 90 days on the market since 11/12/2015.) This is a 2013 built, 3 bedroom/2 bath, 1,488 sq ft mobile home/modular on a 4,855 sq ft. Broker comments are “Opportunities like this do not come around often… Get inside this comfortable and cute as can be 3 bedroom, 2 full bath home in Lazy Glen Subdivision with upgrades galore. The 9 foot ceilings and open living area make it feel light and spacious. The large master suite features a bathroom equiped with dual sinks, ample countertops, well-organized storage, separate shower and heated spa bath. The open living, dining and kitchen area make entertaining or spending time with family relaxing and fun. Located on a corner lot with fenced back yard and lots of extra parking. This is a must see!” 2015 Taxes: $1,307; HOA Dues: $140 per Month. Under Contract Date: 12/21/2015; Sold Date: 02/10/2016. (Photos and broker comments courtesy of The Property Shop Inc)

Tim Estin welcomes your business, inquiries and comments. Call him at970.309.6163or email him from theContact Page. Subscribe to The Estin Report and blog on twitter@EstinAspenby clicking “Join the conversation” button below or click one of the different subscription options in banner at the top of page:

Recent Estin Report tweets on Aspen Real Estate

{loadposition articlepos}

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 at970.309.6163or byemail.The Estin Report is copyrighted 2016 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:“The Estin Reporton Aspen Real Estate.”

_______________________________________