2014 is the Best Year Since 2007 !

The Estin Report: 2014 year end summary of Aspen and Snowmass sales performance stats with charts and tables was posted 12.26.14 in Current Reports. The Q4 and Year 2014 quarterly report is in process.

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 4, Jan 18 – 25, 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 (9): MLS”s:137181,122562,131065,133162,134518,136075,137121,137365,137373.This link is valid until 01/28/2015.

Under Contract/Pending (17): MLS’s:101336,137282,137180,131255,132216,132393,133278,134413,134704,134797,134856,136417,136442,136801,136852,137031,137361. This link is valid until 01/28/2015.

Aspen Snowmass Solds Last Week:

MLS# 134518 – Central Core, ExploreBookstore, 221 E Main Street Aspen: Sold Price: $5,000,000/$1,015 sq ft , Commercial. More details below photos.

MLS# 134518 – Central Core, Explore Bookstore, 221 E Main Street Aspen: Sold Price: $5,000,000/$1,015 sq ft -Sale price includes $4.75 million for the property at 221 W. Main St and $250,000 for the books and other business assets, Commercial; Asking Price: $5,500,000. (Original Price: $6,500,000 and 228 days on the market since 06/02/2014.)Explore Bookstore bought by white knight, Public Interest Network – Saves Aspen’s only bookstore rescued in Sam Wyly bankruptcy proceedings…This is a 1886 built, 1 – 5 Units, 4,922 sq ft commercial on a 6,000 sq ft lot. Broker comments are “This beautiful historic property and prime location has many possibilities for office, retail, residential or mixed use. The price includes the existing Explore Booksellers business. The inventory of books and other merchandise is available for an additional cash price. Pyramid Bistro is a separate business that leases the restaurant premises within the building. In 2009 the current owners spent approximately $500,000 on upgrades and improvements to the property. This beautiful building and wonderful business are treasured by Aspen locals and visitors.” 2013 Taxes: 36,914. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/18/2014; Sold Date: 01/16/2015. (Photos and broker comments courtesy of etterfield & Bright)

MLS# 137373 – West Aspen, 101 E Hallam Street Aspen: Sold Price: $3,900,000/$1,699 sq ft, furnished. More details below photos.

MLS# 137373 – West Aspen, 101 E Hallam Street Aspen: Sold Price: $3,900,000/$1,699 sq ft, furnished; Asking Price: $3,900,000. (Original Price: $3,900,000 and 261 days on the market – Contract to Sell signed but not entered into the MLS – since 05/05/2014.) Off market sale entered into MLS the day of closing. This is a 1888 built/1972 restored, 3 bedroom/3 bath/1 half bath, 2,295 sq ft single family home on an undersized 3,486 sq ft lot. No broker comments. 2014 Taxes: $7,215 Year. Under Contract Date: 05/05/2014; Sold Date: 01/21/2015. (Photos courtesy of Whitman Fine Properties)

MLS# 122562 – Aspen, Central Core, 625 E Main Street Unit 204 Aspen: Sold Price: $2,485,000/$1,144 sq ft, Commercial. More details below photos.

MLS# 122562 – Aspen, Central Core, 625 E Main Street Unit 204 Aspen: Sold Price: $2,485,000/$1,144 sq ft, Commercial; Asking Price: $2,677,400. (Original Price: $2,225,000 and 1235 days on the market since 08/29/2011.) This is a 2012 built, 1 – 5 Units, 2,172 sq ft commercial on a 20,000 sq ft lot. The buyer is the Aspen Daily News. Broker comments are “Aspen’s Class A office building is now offering professional office space for sale or lease. This space is located on 2nd floor and features a private deck with views of Aspen MT. Six private offices, conference room, kitchen, bathroom and shower. On-site parking, elevator, views, high ceilings, storage state-of the art, high quality, steel and concrete construction. Ready for occupancy November 1 of 2013. Tenant is responsible for pro-rata share of building expenses. 8 Parking spaces available to purchase for $175,000 each.” City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/22/2014; Sold Date: 01/15/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Hyman Mall)

MLS# 133162 – Aspen, Central Core, Chateau Eau Claire, 1034 E Cooper Street 3a Aspen: Sold Price: $2,355,000/$1,630 sq ft, furnished. More details below photos.

MLS# 133162 – Aspen, Central Core, Chateau Eau Claire, 1034 E Cooper Street 3a Aspen: Sold Price: $2,355,000/$1,630 sq ft, furnished; Asking Price: $2,500,000. (Original Price: $2,750,000 and 312 days on the market since 03/03/2014.) This is a 1972/2012 remodeled, 3 bedroom/2 bath, 1,444 sq ft condo. Broker comments are “Top floor, corner unit on the RIVER and a short walk into the core! Lots of light! 2 private balconies–one off Mbr Bdr looking out at RIVER and other off LR/DR toward ASPEN MOUNTAIN. Totally redone from the studs – new lighting, beautiful wood floors, custom wood shutters throughout, Kohler fixtures, radiant heat in the bath rooms. Dedicated laundry room. Decorative fireplaces in living room and master bedroom. Top of the line throughout. Complex enjoys outdoor hot tub, use of the pool and facilities at Chateau Roaring Fork and off street parking. Newly installed ELEVATOR is a big plus!! Property is sold furnished. 2013 Taxes: 3,971; HOA Dues: 4155. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/20/2014; Sold Date: 01/09/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Hyman Mall)

MLS# 131065 – Aspen, Central Core, Ute Condos, 1020 E Durant Avenue 301 Aspen: Sold Price: $1,150,000/$1,207 sq ft, furnished. More details below photos.

MLS# 131065 – Aspen, Central Core, Ute Condos, 1020 E Durant Avenue 301 Aspen: Sold Price: $1,150,000/$1,207 sq ft, furnished; Asking Price: $1,190,000. (Original Price: $1,215,000 and 535 days on the market since 08/02/2013.) This is a 1970/2003 remodeled, 2 bedroom/2 bath, 952 sq ft condo. Broker comments are “This renovated top-floor, corner condominium has its own south-facing balcony with excellent views. special features like a wood fireplace, assigned parking and an easy stroll to all that Aspen has to offer make this the perfect Mountain get-away!” 2014 Taxes: 1,938; HOA Dues: 2595. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/02/2015; Sold Date: 01/19/2015. (Photos and broker comments courtesy of BJ Adams and Company – Aspen)

No Photos in MLS for this Single Family Vacant lot sale. MLS #137365 – Single Family Vacant Lot, Maroon Creek area, 100 Pfeifer Place Aspen: Sold Price: $3,500,000;Asking Price: $3,675,000. (Original Price: $3,675,000 and 48 days on the market since 11/28/2014.) This is a 45,861 sq ft single family lot in West Aspen. Broker comments are, “Sold before MLS”. 2014 Taxes:$33,558. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/08/2014; Sold Date: 01/15/2015.(Photos and broker comments courtesy of Douglas Elliman Real Estate/Joshua & Co-Aspen)

MLS# 136075 – Ridge Run Subdivision, 246 Stellar Lane, single family home, Snowmass Village, CO: Sold Price: $2,089,000/$538 sq ft furnished. More details below photos.

MLS# 136075 – Ridge Run Subdivision, 246 Stellar Lane Snowmass Village: Sold Price: $2,089,000/$538 sq ft furnished;Asking Price: $2,295,000. (Original Price: $4,450,000 and 1,542 days on the market since 07/01/2010.) This is a 1988 built/2007 remodeled, 5 bedroom/4.5 bath, 3,881 sq ft single family home on 1/2 acre wooded lot near the ski slope with a 2-car garage. The broker’s comments are, “The perfect Snowmass home is waiting for you on Stellar Lane. Tucked away near the top of Ridge Run subdivision, this 5 bedroom/4.5 bath home has a large, open kitchen that is in essence doubled by the stone patio accessed through the French doors. A formal dining area, breakfast nook, and the two gathering areas separated by the see-through fireplace offers a voluminous area with a cozy atmosphere. Master bedroom is located on top of the home with an office area bordered by windows, private deck, spacious walk in closet, and a gas fireplace. Main level has 4 oversized bedrooms, 3 full baths and the separate den perfect for your guests to enjoy their private area of the home. This home has a strong rental history and has been immaculately maintained.” 2013 Taxes: $8,823; HOA Dues: $90. Town of Snowmass Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/10/2014; Sold Date: 01/20/2015. (Photos and broker comments courtesy of Joshua & Co, Snowmass Village)

MLS# 137181 – Snowmass, 130 Wood Road 641 Snowmass Village: Sold Price: $1,950,000/$1,325 sq ft, furnished. More details below photos.

MLS# 137181 – Snowmass, 130 Wood Road 641 Snowmass Village: Sold Price: $1,950,000/$1,325 sq ft, furnished;Asking Price: $1,985,000. (Original Price: $1,985,000 and 415 days on the market since 11/27/2013.) This is a 3 bedroom/3 bath, 1,471 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: 9,916; HOA Dues: 9505. Town of Snowmass Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/05/2015; Sold Date: 01/16/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)

MLS# 137121 – Snowmass, Viceroy, 130 Wood Road 234 Snowmass Village: Sold Price: $754,666/$748 sq ft, furnished. More details below photos.


MLS# 137121 – Snowmass, Viceroy, 130 Wood Road 234 Snowmass Village: Sold Price: $754,666/$748 sq ft, furnished; Asking Price: $824,000. (Original Price: $824,000 and 415 days on the market since 11/27/2013.) This is a 1 bedroom/2 bath, 1,008 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: 5,613; HOA Dues: 6360. Town of Snowmass Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/24/2014; Sold Date: 01/16/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)

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Real Estate Transactions Recorded Jan. 18-23, 2015

Published on Aspen Daily News

Grantor: Lynn Edelman
Grantee: LM Ventures, West Bloomfield, Mich.
Property: Ridgerun IV lot 16
Cost: $2.089 million

Grantor: Ross R. Moody
Grantee: Patricia W. Nichols Trust, Denver, Colo.
Property: Ute condo unit 301
Cost: $1.150 million

Grantor: 625 Main Investments, LLC
Grantee: Studio Six, LLC, Aspen
Property: 625 Main Street unit 204
Cost: $2.485 million

Grantor: Patricia Gorman
Grantee: Hallam, LLC, Aspen
Property: City of Aspen lot A block 65
Cost: $3.9 million

Grantor: Andrew C. Russell
Grantee: Mountain Paradise, LLC, Pinecrest, Fla.
Property: Part of lot 2 section 33 township 8 range 87
Cost: $2.5 million

Grantor: Bluegreen Vacations Unlimited, Inc.
Grantee: Vacation Trust, Inc., Boca Raton, Fla.
Property: Innsbruck condominiums
Cost: $105,438.05
*The above reflects the total of 9 Transactions

Grantor: Eric Warble
Grantee: Marlene S. Heineman, Dallas, Texas
Property: The Aspen condominium unit 108
Cost: $150,000

Grantor: Aspen Village Homeowners Association
Grantee: Patrick R. Fitzharris, Aspen
Property: Aspen Village lot 77
Cost: $145,301

Grantor: Grand Aspen Lodging, LLC
Grantee: Steven M. Watkins, Charleston, S.C.
Property: G A Resort unit 23B, fixed week 33 & floating weeks
Cost: $58,000

Grantor: Grand Aspen Lodging, LLC
Grantee: James Robert and Janice Elaine Hastings, Kingwood, Texas
Property: G A Resort unit 44, fixed week 34 & floating weeks
Cost: $58,000

*The above reflects the total of 9 Transactions

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 an active link to the source: “The Estin Report on Aspen real estate.”

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