Jan 25 – Feb 1, 2015 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (6) + Under Contract / Pending (16)

The Estin Report: The Q4 and Year 2014 State of the Aspen Real Estate Market will be released sometime weekend of Feb 6th in Current Reports. The print edition will be avalable 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 up significantly.

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

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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 5, Jan 25 – Feb 1, 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 (6): MLS”s:135180, 133336, 137126, 137215, 136852, 118925.This link is valid until 03/03/2015.

Under Contract/Pending (16): MLS’s:135717,137262,137318,135550,135601,128604,130721,131913,134829,135772,136712,136875,136940,137102,137384,137409. This link is valid until 03/02/2015.

Aspen Snowmass Solds Last Week:

MLS# 118925 – Aspen, Central Core Commercial, 320 S Mill Street Aspen: Sold Price: $6,650,000/$787 sq ft.More details below photos.

MLS# 118925 – Aspen, Central Core Commercial, 320 S Mill Street Aspen: Sold Price: $6,650,000/$787 sq ft. Asking Price: $8,440,000. (Original Price: $8,950,000 and 1528 days on the market since 11/24/2010.) This is a 1958 built, 1-5 units, 8,444 sq ft commercial on a 3,589 sq ft lot. Broker comments are “Current Occupants include Takah Sushi, Meatball Shack, Stelzer Associates and Ajax Velo Bike Station” 2009 Taxes: $56,348. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/19/2014; Sold Date: 01/30/2015. (Photos and broker comments courtesy of Raczak Real Estate CO Inc.)

MLS# 135180 – Aspen, Ridge of Red Mt, 44 Bennett Court Aspen: Sold Price: $5,750,000/$1,393 sq ft. furnished.More details below photos.

MLS# 135180 – Aspen, Ridge of Red Mt, 44 Bennett Court Aspen: Sold Price: $5,750,000/$1,393 sq ft; furnished. Asking Price: $5,900,000. (Original Price: $5,900,000 and 201 days on the market since 07/06/2014.) This is a 1978/2014 remodeled, 4 bedroom/4 bath, 4,125 sq ft single family home with a 2 car garage on a 18,896 sq ft lot. Broker comments are “Extraordinary contemporary jewel box on Red Mtn at an exceptional Price! This wonderful brand new home is situated on just shy of a half-acre and enjoys a wonderfully large back yard and stream, almost unheard of on Red mtn! All the gracious rooms enjoy sumptuous views, patios and decks as there is no subterranean living. The master on the upper level is exceedingly private yet there are two additional very spacious master suites for your guests. Fourth bedroom works as an office or additional sleeping. Four fantastic bathrooms. This house truly has it all with large two car garage, great storage, views, indoor/outdoor living which is typically impossible to obtain at this price level.” 2013 Taxes: $7,704; HOA Dues: $464. Under Contract Date: 10/17/2014; Sold Date: 01/23/2015. (Photos and broker comments courtesy of Whitman Fine Properties)

MLS# 133336 – West Aspen, Cemetery Ln area, 1520 Homestake Drive Aspen. Single family home on a duplex, golf course facing lot: Sold Price: $3,850,000/$1,067 sq ft.More details below photos.

MLS# 133336 – West Aspen – Cemetery Ln area, 1520 Homestake Drive, Aspen: Sold Price: $3,850,000/$1,067 sq ft; Asking Price: $4,500,000. (Original Price: $5,250,000 and 315 days on the market since 03/17/2014.) This is a 1974/1993 remodeled, 5 bedroom/4 bath, 3,605 sq ft single family home on a duplex lot with a 2 car garage on a 15,400 sq ft lot. Broker comments are “Duplex lot with full-on views of Maroon Bells, Tiehack and Highlands. South-facing, great sun. Across form Aspen Golf Course. Flat building site in a great neighborhood, close to town and the bus. FAR = 4,525 sf for single family; 4,449 sf for duplex. Property is a TDR receiver site and each unit can land one TDR. Renderings of owner’s plans for duplex by Martin Mata in documents.” 2013 Taxes: $8,572. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/15/2014; Sold Date: 01/26/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Spring Street)

MLS# 136852 – Snowmass, Ridge Run, 1867 Faraway Snowmass Village: Sold Price: $5,500,000/$986 sq ft; partial furnished. More details below photos.

MLS# 136852 – Snowmass, Ridge Run, 1867 Faraway Snowmass Village: Sold Price: $5,500,000/$986 sq ft; partial furnished; Asking Price: $5,695,000. (Original Price: $5,695,000 and 79 days on the market since 11/11/2014.) This is a 1982 built/2014 remodeled, 5 bedroom/5 bath/2 half bath, 5,578 sq ft single family home with 2 car garage on a 42,253 sq ft lot. Broker comments are “This mountain contemporary masterpiece offers 5578 sq. ft. of modern design and views on .97 acres with 5 bedrooms all in suite and 2 half baths. The home is fully furnished by Cather’s Home. The building materials bring in warmth and sophistication and include wire brushed white oak floors, rift and quartered custom made cabinetry, Ceasarstone counter tops, double Wolf ovens and range, Sub-Zero refrigerator and two Bosch dishwashers. The Master Suite is perched above on the top floor. It has a sitting area with fireplace and an office. As with the rest of the house the Master Bedroom has commanding views. Three guest suites below have king beds and the fourth is a bunk room. All the bedrooms are above grade and all have beautiful views. The recreation room offers a full wet bar and large flat screen TV. There is also a gym/massage room. There are 10 flat screen TV’s throughout the home, one in each bedroom, two in the Master Bedroom and one in the Great Room and one for each bunk bed. It is wired for audio. There is a two car garage with a snowmelt driveway and a massive manicured yard. Walk 120 paces to the Powerline Trail that provides ski access for you and your guests without having to get into a car.” 2013 Taxes: $10,770; HOA Dues: $75. Town of Snowmass Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/25/2015; Sold Date: 01/29/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Hyman Mall)

MLS# 137126 – Snowmass, Ridge Run, 47 North Ridge Lane Unit B Snowmass Village: Sold Price: $1,000,000/$566 sq ft; furnished. More details below photos.

MLS# 137126 – Snowmass, Ridge Run, 47 North Ridge Lane Unit B Snowmass Village: Sold Price: $1,000,000/$566 sq ft; furnished; Asking Price: $1,250,000. (Original Price: $1,250,000 and 31 days on the market since 12/27/2014.) This is a 1975 built, 3 bedroom/2 bath, 1,765 sq ft condo on a 39,204 sq ft lot. Broker comments are “Nestled within aspen trees and situated on .9 acres, this Duplex lives like a treehouse, with rooftop decks that afford spectacular views toward Wildcat Ridge and east toward Aspen. Dramatic 18 foot ceilings in the great room enhance the natural light. With 3 bedrooms, an office area on landing and the master suite on its own private level, rarely can you find comparable property with such benefits. Low HOA Dues and a convenient location with access to the Snowmass Village walk/bike path make this property a unique opportunity in the market.” 2014 Taxes: $2,876; HOA Dues: $90. Town of Snowmass Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/02/2015; Sold Date: 01/27/2015. (Photos and broker comments courtesy of Alpine Real Estate, Inc)

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

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