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 – 07/15/15) 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 30, July 19 – 26, 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 (7):MLS #’s:134370,139373,139548,136717,137062,139794,128293.This link is valid until 08/25/2015.

Under Contract/Pending (13):MLS#’s:135706,139091,139750,130699,134977,135999,136084,136400,138814,139110,139300,139912,140112. This link is valid until08/25/2015.

Aspen Snowmass Solds Last Week:

MLS #134370 – Historic West End, 629 W Smuggler Street, Aspen, CO: Sold Price: $7,600,000/$1,597 sq ft; furnished. More details below photos.

MLS #134370 – Townsite of Aspen, Historic West End, 629 W Smuggler Street, Aspen, CO: Sold Price: $7,600,000/$1,597 sq ft; furnished. Asking Price: $8,400,000. (Original Price: $8,900,000 and 427 days on the market since 05/23/2014.) This is a 1888 built and 2007 beautifully remodeled, 5 bedroom/4 bath/1 half-bath, 4,756 sq ft single family home with 1 car garage on a 4,500 sq ft lot. Broker comments are “This multi-award-winning residence entails a complete restoration/renovation of an historic Victorian home in Aspen’s West End District. The existing house was redeveloped with a contemporary addition directly responding to the vibrant historical context of the surrounding neighborhood. One Friday’s conceptual design and aesthetic were driven by the property’s historical structure, resulting in a approach executed by utilizing very contemporary detailing methods in the roofing and siding applications. By creating a dialogue between the old and new architectures through similar forms, massing and materials, the addition is designed to read horizontally as a product of its own time. Construction of this iconic West End home was completed in December of 2007. Impeccably furnished this 4,421 square foot residence is located on a highly desirable corner parcel in one of Aspen’s most desirable locations. This Derek Skalko design home has received a Design Excellence Award, City of Aspen Historical Preservation Commission in 2008 and a Modern in Denver Outstanding Home Award, also in 2008.” 2014 Taxes: $14,189. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/25/2015; Sold Date: 07/24/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)

MLS #139373 – Aspen Grove, East Aspen, 267 Mcskimming Road, Aspen, CO: Sold Price: $3,509,000/$983 sq ft; unfurnished. More details below photos.

MLS #139373 – Aspen Grove, East Aspen, 267 Mcskimming Road, Aspen, CO: Sold Price: $3,509,000/$983 sq ft; unfurnished. Asking Price: $3,795,000. (Original Price: $3,795,000 and 48 days on the market since 06/03/2015.) This is a 1980 built, 4 bedroom/3 bath/1 half-bath, 3,567 sq ft single family home with 2 car garage on a 19,800 sq ft lot. Broker comments are “Enjoy fabulous views of Ajax, downtown Aspen, and downvalley to Mt. Sopris from this classic home that has been well maintained and is in excellent condition. Features include 4 bedrooms, 3.5 baths, 3,567 square feet, vaulted ceilings, two wood-burning fireplaces, oversized 576 square foot two car garage, hot tub, gorgeous landscaping, awesome decks & patios, and no below grade space. Very private!” 2015 Taxes: $6,914. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/08/2015; Sold Date: 07/21/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #139548 – Durant Condos, Central Core, 738 S Galena Street 6c, Aspen, CO: Sold Price: $2,400,000/$1,932 sq ft; furnished. More details below photos.

MLS #139548 – Durant Condos, Central Core, 738 S Galena Street 6c, Aspen, CO: Sold Price: $2,400,000/$1,932 sq ft; furnished. Asking Price: $2,600,000. (Original Price: $2,600,000 and 52 days on the market since 05/31/2015.) This is a 1969 built and 2014 remodeled, 3 bedroom/2 bath, 1,242 sq ft condo. Broker comments are “This is the only 3 bedroom, 2 bathroom top floor unit listed in the Durant Condos Complex. Floor to ceiling sliding windows in living room/kitchen coupled with high ceilings offer not only a open floor concept but expansive views of Aspen and beyond. Remodeled interiorly in 2014 with a complete and very extensive exterior renovation to be completed in July of 2015. Convenient ski-in ski-out bridges that connect from the complex directly to Aspen Mountain. Fantastic in core location just steps from the Cooper/Hyman outdoor street mall and ”Restaurant Row” on Hopkins, pool and hot tub in complex, wood burning fire place, ski storage and onsite management. Unit is being offered fully furnished! Turnkey!” 2015 Taxes: $3,326. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/26/2015; Sold Date: 07/22/2015. (Photos and broker comments courtesy of Weaver & Briscoe)

MLS #136717 – Chateau Roaring Fork, Central Core, 1039 E Cooper Avenue #25-A, Aspen, CO: Sold Price: $1,075,000/$1,131 sq ft; furnished. More details below photos.

MLS #136717 – Chateau Roaring Fork, Central Core, 1039 E Cooper Avenue #25-A, Aspen, CO: Sold Price: $1,075,000/$1,131 sq ft; furnished. Asking Price: $1,175,000. (Original Price: $1,175,000 and 225 days on the market since 11/04/2014.) This is a 1969 built , 2 bedroom/2 bath, 950 sq ft condo. Broker comments are “RIVERFRONT IN THE ASPEN CORE – Walk out on your deck right onto the Roaring Fork River, this 950 SF 2 bedroom 2 bathroom condo is perfect if you want to be right on the river and be in the center of downtown Aspen at a reasonable price. This condo offers a great opportunity for someone looking to create their own special look and feel. Special amenities include an oversized window area in the living room, dining room and kitchen, a deck right on the river. This is a dog friendly condominium complex and great short-term or long-term rental potential. Besides its great location in the center of Aspen, the Chateau Roaring Fork condo complex has great amenities such as a beautiful outdoor swimming pool, hot tubs, health club, conference facility and parking. 20-day Right of First Refusal (27 days needed).” 2014 Taxes: $2,443. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/06/2015; Sold Date: 07/21/2015. (Photos and broker comments courtesy of Frias Properties of Aspen)

MLS #137062 – Country Club Villas, Snowmass Village, 294 Snowmass Club Circle Unit 1201, Snowmass Village, CO: Sold Price: $520,000/$577 sq ft; furnished. More details below photos.

MLS #137062 – Country Club Villas, Snowmass Village, 294 Snowmass Club Circle Unit 1201, Snowmass Village, CO: Sold Price: $520,000/$577 sq ft; furnished. Asking Price: $549,000. (Original Price: $565,000 and 214 days on the market since 12/18/2014.) This is a 1981 built, 1 bedroom/1 bath, 900 sq ft condo. Broker comments are “An elegantly designed work of art, with Roche Bobois furnishings and zen influences. Corner windows shine abundant light inside, with Mt. Daly views from the large, 28 foot deck. Pocket doors provide an option to open the 900 sf. to one large room. Custom cabinetry, high end lighting, hand textured walls and cement countertops add to the clean look. A Snowmass Club membership, including golf, tennis, gym, pools and spa, is included. Cross country trails are right outside the door, or hop on the free shuttle bus for a 10 minute ride to skiing. Covered parking completes the perfect retreat. A great pied-a-tiere for the active vacationer, who will take advantage of the ski/golf lifestyle.” 2014 Taxes: $1,401; HOA Dues: $2,687 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/08/2015; Sold Date: 07/20/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #139794 – Wood Run Place, Snowmass Village, 425 Wood 34, Snowmass Village, CO: Sold Price: $445,000/$413 sq ft; furnished. More details below photos.

MLS #139794 – Wood Run Place, Snowmass Village, 425 Wood 34, Snowmass Village, CO: Sold Price: $445,000/$413 sq ft; furnished. Asking Price: $485,000. (Original Price: $485,000 and 515 days on the market since 12/09/2013.) This is a 1983 built, 2 bedroom/1 bath/1 half-bath, 1,077 sq ft condo. Broker comments are “You can not get much closer to the ski slope than this! Ski directly to and from your door right out onto to Fanny Hill from this 2 bedroom, 1 bath with 2 half baths. Larger than most ski in/out condos in Snowmass, this well appointed condo is an INCREDIBLE VALUE with lots of potential. Complex amenities include owner ski room and locker, heated pool, hot tub, shuttle service, beautifully renovated lobby, assigned covered parking, and additional owner storage. This particular unit has it’s own ski storage locker right out the door, so you can use the locker in the ski room as overflow or as an additional owners closet. Great rental income as well which is only made better by the fact that the owner will pay ONE YEAR OF HOA DUES AT CLOSING!” 2015 Taxes: $2,330; HOA Dues: $21,969 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/07/2015; Sold Date: 07/22/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #128293 – Snowmass Office Condos, Snowmass Village, 25 Lower Woodbridge Road Unit F, Snowmass Village, CO: Sold Price: $290,000. More details below photo.

MLS #128293 – Snowmass Office Condos, Snowmass Village, 25 Lower Woodbridge Road Unit F, Snowmass Village, CO: Sold Price: $290,000. Asking Price: $345,000. (Original Price: $345,000 and 889 days on the market since 01/07/2013.) This is a 1973 built, 11-20 units, 1,255 sq ft commercial industria on a 33,049 sq ft lot. Broker comments are “We’ve saved the best for last. First time offering and ready for your design. Last commercial space available for sale in multi-tenant condominiumized office / commercial building. Desirable location near Base Village and Snowmass Center with good exposure to automobile and pedestrian traffic. Unit F is located on the front-side and sunny-side of the building with views of Snowmass Ski area. Priced at appraised value. Unit F includes 3 assigned parking spaces. Building also has 6 visitor parking spaces and 2 handicap parking spaces. Possible uses include professional offices, architects, interior designers, art studio, etc. See listor. Sold ”as-is”.” 2014 Taxes: $3,258; HOA Dues: $8,087. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/13/2015; Sold Date: 07/17/2015. (Photos and broker comments courtesy of Aspen Snowmass Properties|BJ Adams and Company-SMV)

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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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