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After
MLS #150269 – Riverside, Central Core, 1024 E Cooper #1, Aspen, CO: Sold Price: $1,600,000/$1,754 sq ft; unfurnished. Aspen condo for sale. Ask Price: $1,350,000. (Original Price: $1,350,000 and 149 days on the market since 08/02/2017. The unit sold at $1.030M/$1,129 Sq Ft on 07/05/17 to a developer/builder Smithbuilt, Inc. who was going to redo and flip the property. As this buyer wanted a like-new condo, he agreed to have the seller/developer go ahead and perform the re-do work. The seller said the price for a fixed up unit would be $1.6M to which the buyer agreed.) This is a 1970 built and 2017 remodeled, 2 bedroom/2 bath, 912 sq ft condo. The location directly on Aspen’s main auto thoroughfare, E Cooper/Hwy 82, is a B- at best, but a sign of the times. Low Aspen Core condo inventory for sale, and buyers are taking what they can get. The fact that a buyer paid as much as $1,754 sq ft for a like-new remodel at this street level, heavily trafficked location says much about the market today. Market prices, condos at least, are on the rise as sales such as these become the new comparables. Broker comments are “This 2bd/2ba condo is located in the core just a few blocks from the Gondola. High ceilings, views of Aspen Mtn, private ground level patio, 1 designated parking space, low HOA dues, W/D, large master closet that could be turned back into 3rd bedroom and storage. Make this condo your own with a small remodel/update.” 2016 Taxes: $2,383; HOA Dues: $1,335 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/16/2017; Sold Date: 12/29/2017. (Photos and broker comments courtesy of Aspen Associates Realty)
