The Estin Report Aspen Snowmass Weekly Sales and Statistics: Closed (5) and Under Contract / Pending (6): July 24 – 31, 11

Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds with the button on the left.

Link to The Estin Report: 1st Half 2011 State of the Aspen Market (released 07/14/11)

See“Mega-mansion Deals Spur Rebound in Aspen Market” , 07/17/11 Sunday Business, Grand Junction Sentinel

Last Week’s Market Highlights – Aspen Snowmass Real Estate Sales and Under Contract Activity: Last week’s real estate sold and under contract activity appears below for the upper Roaring Fork Valley for all property types over $250,000 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted here to preserve an archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (6): MLS# 119006, 117944, 120280, 122002, 121496, 121622. This link is valid for 30 days until 08/30/11. Photos and descriptions of under contracts /pending are not posted unless special circumstances dictate.

Closed (5): MLS# 121271, 115424, 119256, 118148, 122142. This link is valid for 30 days until 8/30/2011.

MLS #115424 – Aspen West End single family lot, [200]Tbd E. Bleeker Street Aspen, CO: Sold Price: $1,553,500; Ask Price: $2,195,000. (Original Price: $2,495,000 and on the market 493 days since 03/23/10.) This is 4,513 sq ft lot 1 1/2 blocks behind the Hotel Jerome. A beautifully restored 2009 rebuilt 6,000 sf Victorian across the street at 214 & 222 E. Bleeker on a double sized approx. 12,000 sq ft lot sold in late 2009 for $14.1M. The broker’s comments are, “LOCATION-LOCATION-LOCATION In the historical West End, with amazing views, and close in walking distance to restaurants, downtown, music tent, parks, etc. Great views of Aspen Mt., home across the street just sold [Dec. 2009] for $14,100,000. Any development on the lot is subject to HPC review and approval. Lot 1 shall have an allowable FAR of 2280, plus 50% of the potential available FAR bonuses from HPC (250sq ft) Survey and appraisal on file.*Historical shed on property can be renovated.” Under Contract Date:06/08/11; Sold Date:07/29/11. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Mason Morse Real Estate.)

MLS # 119256 – Half duplex, 1095 Cemetery Lane Unit A, Aspen, CO: Sold Price: $2,275,000/$684 sq ft; Ask Price: $2,499,000/$751 sq ft. (Original Price: $2,850,000 and 211 days on the market since 12/21/10.) This is a 2006 built, 4 bdrm/4.5 bath, 3,328 sf half duplex with 1-car garage sold furnished. The broker’s description is, “Beautiful and elegantly finished half duplex featuring open floor plan, high ceilings, hardwood floors, granite & marble countertops, gas fireplaces, private deck off master suite, radiant heat, central air conditioning, one car garage, and views of Independence Pass. Walking distance to the Roaring Fork River & the Rio Grand bike path, and just 5 minutes to downtown Aspen.” 2010 Taxes: $7,986 Yr. Under Contract Date: 7/07/11; Sold Date: 7/27/11. City of Aspen RETT Transfer Tax payable by buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #118148 – single family vacant lot, Tbd Medicine Bow Road, Brush Creek Village, Aspen, CO: Sold Price: $325,000; Ask Price: $379,000. (Original Price $1,200,000 and 579 days on the market since 7/16/09.) The broker’s description is, “Beautiful 3 acre lot in Brush Creek Village with views of Brush Creek, Snowmass and the Continental Divide. Convenient to everything. Aspen school district. Lot has building approval in place, survey on file, soils report, power and phone ready to go. Sale to include plans for a contemporary, energy efficient home from Forum Phi Architects for a 5750SF home highlighted in 2009 Aspen Peak Magazine article.” Taxes unknown. Under Contract Date: 6/28/11; Sold Date: 7/28/11. (Photos and description courtesy of Mason Morse Real Estate – Aspen.)

MLS #121271 – Chateau Eau Claire river front condominium, 1034 E Cooper Avenue 14-A Aspen, CO: Sold Price: $810,048/$839 sq ft; Ask Price: $849,900/$881 sq ft. (Original Price: $ and days on the market since . ) This is short sale of a 2 bedroom/2 bath, 965 sq ft, river frontage condo built in 1971. The broker’s description is, “2 bedroom, 2 bathroom Chateau Eau Claire unit with deck overlooking the river. This property is recently updated and features hammered copper and granite in the kitchen, wood burning fireplace, and laundry room in unit. Property sold As-Is. Exterior renovations determine occupancy dates/restrictions this summer and fall.” 2010 Taxes: $1,959 Yr: HOA Dues: $2,810 Qtr. Under Contract Date: 06/24/11 ; Sold Date:7/25/11. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer.(Photos and description courtesy of Merritt Group.)


MLS #122142: Aspen West End new single family home, 326 Smuggler Street Aspen, CO: Sold, Ask & Original Price: $5,950,000/$$1,653 sq ft. Sold before entered into the MLS. This is a good example of brand new product commanding premium pricing because there is so little of it. This is a 2011 built, 4 bedroom/4.5 bath, 3,600 sq ft home with 2-car garage sold partially furnished. 2010 Taxes: unknown. Under Contract Date: 4/14/11; Sold Date: 6/24/11. City of Aspen RETT Transfer Tax payable by buyer. (Photo: Estin Report and description courtesy of Morris & Fyrwald, Sotheby’s International RE.)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s Aspen Real Estate Blog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

new TWTR.Widget({ version: 2, type: ‘profile’, rpp: 4, interval: 6000, width: 250, height: 300, theme: { shell: { background: ‘#333333’, color: ‘#ffffff’ }, tweets: { background: ‘#000000’, color: ‘#ffffff’, links: ‘#4aed05’ } }, features: { scrollbar: false, loop: false, live: false, hashtags: true, timestamp: true, avatars: false, behavior: ‘all’ } }).render().setUser(‘EstinAspen’).start();