The Estin Report: June and YTD 2015 Aspen Snowmass Monthly Market Snapshot was posted 07/14/15 in Current Reports

The 1st Half 2015 State of the Aspen Market Report is in process. May and YTD 2015 Aspen Snowmass Real Estate Monthly Market Snapshot was released late Monday, 06/02/15 inCurrent Reports. The June 2015 Market Snapshot is forthcoming this week, July 6th. The Snapshots are released on or near the 1st Monday of the month.

The Estin Report: The 4th Quarter and Year 2014 State of the Aspen Real Estate Market was released online Feb 7th inCurrent Reports.The print edition is available in racks around town and at Sotheby’s offices at 415 Hyman St Mall and 300 Spring Street (my office) opposite the new Aspen Art Museum.

See recent Before/After redevelopment ‘flip job’ examplesin Miscellaneous Info. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (last -05/07/15) 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, the information should be here.

Market Activity Week 28, July 5 – 12, 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:125140,137859,138734,136472,133620,140010. This link is valid until 08/11/2015.

Under Contract/Pending (12):MLS#’s:135363,135601,137876,131346,132514,134547,136612,137122,138429,138884,139822,140027. This link is valid until08/11/2015.

Aspen Snowmass Solds Last Week:

MLS #125140 – Calderwood, Central Core, 1110 E Waters Avenue, Aspen, CO: Sold Price: $11,000,000/$1,515 sq ft; furnished. More details below photos.

MLS #125140 – Calderwood, Central Core, 1110 E Waters Avenue, Aspen, CO: Sold Price: $11,000,000/$1,515 sq ft; furnished. Asking Price: $12,950,000. (Original Price: $13,495,000 and 1,717 days on the market since 08/05/2010.) This is a 2001 built and 2014 remodeled, 5 bedroom/6 bath/1 half-bath, 7,259 sq ft single family home with 2 car garage on a 16,295 sq ft lot. The property was sold prior to a scheduled July 16, 2015 auction. Broker comments are, “Auction: July 16th. Without Reserve. Located on the banks of the Roaring Fork River in downtown Aspen sits one of the town’s most intricately and exquisitely finished homes. Over $20 million was invested, leading to an estate more than once honored by the American Society of Interior Designers. This handcrafted masterpiece sits on a private cul-de-sac lot of nearly half an acre and boasts over 7,400 square feet, including bright main rooms and abundant above-grade bedroom living. Ideally situated in downtown Aspen, there are endless opportunities to explore the city and the surrounding landscape year round. 1110 Waters Avenue is the ultimate opportunity to own a gorgeous custom estate in the heart of Aspen” 2014 Taxes: $21,078. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/04/2015; Sold Date: 07/08/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)

MLS #137859 – Knollwood, East Aspen, 267 Roaring Fork Drive, Aspen, CO: Sold Price: $2,757,500/$955 sq ft; unfurnished. More details below photos.

MLS #137859 – Knollwood, East Aspen, 267 Roaring Fork Drive, Aspen, CO: Sold Price: $2,757,500/$955 sq ft; unfurnished. Asking Price: $2,895,000. (Original Price: $2,895,000 and 575 days on the market since 07/27/2010.) This is a 1969 built and 2009 remodeled, 5 bedroom/4 bath, 2,885 sq ft single family home with 2 car garage on a 16,230 sq ft lot. Broker comments are “This perfect 5 bedroom, 4 bathroom family home located in East Aspen’s Knollwood subdivision offers wooded privacy, an open floor plan and views of Aspen Mountain. The master and guest master bedrooms are located on the main floor with the kitchen, living and dining rooms creating a one story living situation with 3 bedrooms on the lower level. Plenty of light with cathedral ceilings and skylights along with exterior decks to take advantage of the mountain and tree views. Ready to move in now or could be an ideal remodel possibility with its flat lot and viewing plane.” 2015 Taxes: $4,669; HOA Dues: TBD. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/03/2015; Sold Date: 06/26/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #138734 – East Hopkins Condominiums, Central Core, 825 E Hopkins Avenue 1-N, Aspen, CO: Sold Price: $1,500,000/$1,320 sq ft; unfurnished. More details below photos.

MLS #138734 – East Hopkins Condominiums, Central Core, 825 E Hopkins Avenue 1-N, Aspen, CO: Sold Price: $1,500,000/$1,320 sq ft; unfurnished. Asking & Original Price: $1,699,000. (70 days on the market since 04/24/2015.) This is a 1970, 3 bedroom/2 bath, 1,136 sq ft condo. Broker comments are “This Alpine Cottage style 3br/2ba condo is the perfect setting for full or part time living with an easy stroll to the famous skiing, shopping & restaurants of Aspen CO. Remodeled in 2009, it combines the warm Aspen Alpine ethos with today’s modern conveniences and luxuries. Step out to the charming private patio or enjoy a soak in the relaxing hot tub. The small (6 unit) building is quiet enough for a permanent resident; yet the location and finishes make this a great rental property as well. New roof and building remodel completed in 2012.” 2015 Taxes: $2,401; HOA Dues: 3,600 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/11/2015; Sold Date: 06/29/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #136472 – West End, Tbd Smuggler Street, Aspen, CO. Vacant lot sale. Sold Price: $1,450,000. More details below photo.

MLS #136472 – West End, Tbd Smuggler Street, Aspen, CO. Vacant lot sale. Sold Price: $1,450,000. Asking Price: $1,499,000. (Original Price: $1,595,000 and 532 days on the market since 12/11/2013.) This is corner Lot 3 of the US Forest Service public auction of (5) West End lots in late Aug. 2013. The winning bid for this lot was $1,150,000, and it closed 09/24/13. It is located on the corner of Eighth and Smuggler at the western edge of the Historic Wets End. Broker comments are “Gorgeous 6,619 sqft lot in the West End. Incredible location, easy access everywhere, quiet, beautiful views of Red Mountain, Aspen Mountain and Shadow Mountain. Priced to sell!” 2013 Taxes: $1,253. Under Contract Date: 05/04/2015; Sold Date: 07/08/2015. (Photos and broker comments courtesy of Global Real Estate Network, Aspen)

MLS #133620 – Single Family Vacant Lot, Old Snowmass, 2553 Lower River Road, Snowmass, CO: Sold Price: $2,500,000. More details below photos.

MLS #133620 – Single Family Vacant Lot, Old Snowmass, 2553 Lower River Road, Snowmass, CO: Sold Price: $2,500,000. Asking & Original Price: $2,975,000 (The property has been on and off the market since 05/09/2006 originally priced at $4,495,000.) This is a 1,611,720 sq ft single family lot in Old Snowmass. Broker comments are “Deer Creek Ranch is a wonderful opportunity to own a 37 acre ranch located in a private setting in the Snowmass Canyon. It stretches on both sides of Lower River Road. On the one side there are two homes, lush pastures, water rights, a creek, several ponds. For the fisherman the other side features 496 feet of Roaring Fork River frontage for premier fishing. Arbaney Gulch is right out your back door offering some of the best scenery, hiking and hunting. The Rio Grande bike trail also crosses the property. This ranch is only 15 minutes from Aspen and Snowmass the perfect spot for the horse person, fisherman outdoor person just privacy.” 2014 Taxes: $6,640. Under Contract Date: 05/04/2015; Sold Date: 07/06/2015.(Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #140010 – Wood Run, Snowmass Village, 511 Edgewood Lane, Snowmass Village, CO: Sold Price: $12,000,000/$2,424 sq ft; furnished. More details below photo.

MLS #140010 – Wood Run, Snowmass Village, 511 Edgewood Lane, Snowmass Village, CO: Sold Price: $12,000,000/$2,424 sq ft; furnished. Asking & Original Price: $12,000,000 (750 days on the market since 12/18/2009.) This is a 2010 built, 5 bedroom/5 bath/1 half-bath, 2010 sq ft single family home with 2 car garage on a 34,898 sq ft lot. Broker comments are “A rare offering in Snowmass Village’s premier ski-in, ski-out neighborhood. Literally, you step out of your ski room and on to the slopes. This brand new home has an inviting floor plan features 5 bdrms (2 master suites), 5 1/2 baths. This home is built with the finest material, there was no expense spared during the construction of this stunning home. Beautifully decorated and delicately balance of contemporary and a touch of mountain. If you don’t feel like skiing a day, you won’t miss the action from the picture framed front and center views of Adam’s Avenue, the Snowmass Valley and beyond. With spacious and thoughtful outdoor spaces, this home is perfect for your family all year round.” 2012 Taxes: $21,030. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/16/2015; Sold Date: 07/08/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

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:

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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 at970.309.6163or 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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