The Estin Report: May and YTD 2015 Aspen Snowmass Real Estate Monthly Market Snapshot was released late Monday, 06/02/15 inCurrent Reports. 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 25, June 14 – 21, 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 (8):MLS #’s:133730,135018,138414,137083,137434,138322,139204,139382. This link is valid until 07/21/2015.

Under Contract/Pending (4): MLS#’s:138472,138734,138912,139082. This link is valid until07/21/2015.

Aspen Snowmass Solds Last Week:

MLS #139382 – River Bluff Townhomes, Smuggler area, 155 Lone Pine Road #6, Aspen, CO: Sold Price: $3,000,017/$1,660 sq ft; furnished. More details below photos.

MLS #139382 – River Bluff Townhomes, Smuggler area, 155 Lone Pine Road #6, Aspen, CO: Sold Price: $3,000,017/$1,660 sq ft; furnished; Asking Price: $3,250,000. (Original Price: $3,250,000 and 604 days on the market since 10/18/2011.) This is a 1980 built and 2009 remodeled, 3 bedroom/3 bath, 1,807 sq ft condo with 2 car garage. Located at the base of Red Mountain, these Townhomes have front and center views of Aspen Mountain and are within easy walking distance to Clark’s Market, and the town. They are also on an almost 24/7 bus shuttle route. Broker comments are “Exceptional unit with rustic sophisticated decor style. Master suite has vaulted ceiling with big views and air conditioning. Under contract prior to MLS entry, but the unit has been on/off the market for a significant periods since 2011.” 2014 Taxes: $5,164; HOA Dues: $1,350 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/21/2015; Sold Date: 06/16/2015. (Photos and broker comments courtesy of Whitman Fine Properties)

MLS #139204 – Snow Bunny, West Aspen off Cemetery Lane, 1275 Snowbunny Lane, Aspen, CO: Sold Price: $2,750,000/$1,005 sq ft; furnished. More details below photos.

MLS #139204 – Snow Bunny, West Aspen off Cemetery Lane, 1275 Snowbunny Lane, Aspen, CO: Sold Price: $2,750,000/$1,005 sq ft; furnished; Asking Price: $2,795,000. (Original Price: $2,795,000 and 29 days on the market since 05/13/2015.) This is a 1975 built and 1995 remodeled, 5 bedroom/3 bath, 2,736 sq ft Duplex/Half Duplex with 2 car garage on a 6,243 sq ft lot. Conveniently located in the Aspen School District, near bus/shuttle route, hiking and bike paths and the 18 hole Aspen Municipal Golf Course. Broker comments are “Presenting an incredible opportunity to own a beautiful duplex on Snowbunny Lane in Aspen, Colorado. This home has views towards Aspen Mountain from the living room or deck. 1275 Snowbunny Lane is located right next to a quiet cul-de-sac. It is offered fully furnished and is move in ready. The home is 2,736 square feet. It has 5 bedrooms, 3 full baths, one 3/4 bath and a two car garage. The top floor main living room is open to the kitchen and has a fireplace to keep you warm on those wintery Aspen days. The master bedroom with bathroom ensuite features granite counter tops and a walk-in shower. There is also a guest bedroom on the main floor.” 2014 Taxes: $4,411. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/30/2015; Sold Date: 06/11/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #133730 – Riverside Subdivision, East Aspen, 1102 +1106 E Cooper Avenue, Aspen, CO: Sold Price: $2,225,000/$908 sq ft; unfurnished. Re-development opportunity. More details below photos.

MLS #133730 – Riverside, East Aspen, 1102 +1106 E Cooper Avenue, Aspen, CO: Sold Price: $2,225,000/$908 sq ft; unfurnished; Asking Price: $2,500,000. (Original Price: $2,700,000 and 2,644 days on the market since 07/16/2008.) This is a 1969 built, 6 bdrm/3 ba, 2,448 sq ft Duplex/Half Duplex with 2 car garage on a 7,020 sq ft lot. Located on Cooper Street, or usually referred to as Highway 82, just east of the Hwy 82 / Roaring Fork River bridge at the Chateaus Roaring Fork and Eau Claire condo complexes. This is a duplex lot sale…There are a number of residential new construction projects (approx. 5-7) about to launch, or in construction now, between this loctation and Mountain Valley eastward along the highway corridor that will bring buyer attention and interest to this area. Specifically, the concentration of new construction critical mass will mitigate the negatives associated with this “on highway” location which offers proximity to town, on bus/shuttle route, and on a bike / hiking trail. I spoke to the developer buyer this week who felt confident he could build (2) approx. 3,000 sf townhomes and turn them around tomorrow, if it were possible, at $1,500 sf. The broker’s comments are “Duplex corner elevated lot opposite the Roaring Fork River with views of Aspen Mountain protected by Anderson Park. Non-conforming, full duplex (side-by-side)includes 3 wood-burning inserts. Oversized 800 sf 2-car garage with large workshop, utility room & laundry room. Short easy walk to downtown or hop on the free RFTA shuttle. Excellent building opportunity in East Aspen neighborhood. New roof in 2012!” 2013 Taxes: $5,083. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/24/2014; Sold Date: 06/16/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #135018 – Aspen Villas, West End, 814 W Bleeker Place A1, Aspen, CO: Sold Price: $1,200,000/$854 sq ft; unfurnished. More details below photos.

MLS #135018 – Aspen Villas, West End, 814 W Bleeker Place A1, Aspen, CO: Sold Price: $1,200,000/$854 sq ft; unfurnished; Asking Price: $1,090,000. (Original Price: $1,090,000 and 257 days on the market since 06/26/2014.) This is a 1972 built and 2000 remodeled, 3 bedroom/2 bath, 1,405 sq ft condo. This was a good deal. Broker comments are “Beautifully renovated kitchen, dining and living areas await you in this light and bright 3 bed/2 bath townhome. Woodfloors, slab Fireslate countertops, custom hickory cabinets and stainless appliances make this a kitchen you’ll want to cook in! Other features include an expanded dining area, windows facing the seasonal stream, conforming sized windows in the lower level bedroom, comfortable side patio and clean, therapy tub baths. This unit is well located in the complex, away from the road, yet it’s an easy walk to the bus to town or ski areas. Located in the Aspen School District, dogs are allowed and there are no rental restrictions. Low HOA fees. A pleasure to show!” 2013 Taxes: $2,147; HOA Dues: $1,700 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/26/2015; Sold Date: 06/08/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)

MLS #137083 – Gant Condominiums, Central Core, 610 S West End Street J-201, Aspen, CO: Sold Price: $989,000/$998 sq ft; furnished. More details below photos.

MLS #137083 – Gant Condominiums, Central Core, 610 S West End Street J-201, Aspen, CO: Sold Price: $989,000/$998 sq ft; furnished; Asking Price: $999,000. (Original Price: $999,000 and 780 days on the market since 12/27/2012.) This is a 1972 built and 2012 remodeled, 2 bedroom/2 bath, 990 sq ft condo. Broker comments are “South-facing two bedroom, two bath corner condominium in one of the most desirable buildings at The Gant. A private southwest-facing balcony overlooks the courtyard pool and hot tubs. Solid slab granite counter tops complete with full-length matching backsplash and stainless steel GE appliances highlight the kitchen. New stackable in-unit washer and dryer in second entry closet. The master bedroom boasts dual vanities, custom wood and granite built-ins, and an east-facing window with protected views over the tennis courts towards Independence Pass. A large owners lock-off closet provides private storage off of the entry mudroom. Just a short walk to skiing and Aspen’s best shopping and dinning, yet located in a quiet, private resort environment with the best amenities and a friendly and helpful staff.” 2013 Taxes: $2,744; HOA Dues: $22,890 per Year. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/12/2015; Sold Date: 06/12/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #137434 – Wood Run ski in and out home, Snowmass Village, 1609 Wood Road, Snowmass, CO: Sold Price: $5,150,000/$1,074 sq ft; furnished. More details below photos.

MLS #137434 – Wood Run ski in and out home, Snowmass Village, 1609 Wood Road, Snowmass, CO: Sold Price: $5,150,000/$1,074 sq ft; furnished. Asking Price: $5,495,000. (Original Price: $5,495,000 and 2,069 days on the market since 12/18/2009.) This is an 1999 built, 5 bedroom/5 bath/2 half bath, 4,791 sq ft single family home with 3 car garage on a 43,896 sq ft lot. Broker comments are “Enjoy magnificent views of Mt. Daly, the Big Burn, Sam’s Knob and surrounding Snowmass Village from this elegant 5 bedroom, 5 bathroom home. The expansive 180 degree views will take your breath away. Featuring three levels of freshly furnished living area is ample room for your entire family or group of friends. Recently updated with new exterior siding and trim, new roof and electronic system with the help from one of Aspen’s well-known architect firm, CCY Architects. Cook up a gourmet meal in the luxury kitchen then relax in the private outdoor hot tub. Just click into your skis for a short run down Guggenheim Trail to Fanny Hill.” 2014 Taxes: $14,757; HOA Dues: $90 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/08/2015; Sold Date: 06/17/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #138414 – Meadow Ranch Condo / Townhome, Snowmass Village, 300 Meadow Ranch, Snowmass, CO: Sold Price: $1,062,500/$405 sq ft; furnished. More details below photos.

MLS #138414 – Meadow Ranch Condo / Townhome, Snowmass Village, 300 Meadow Ranch, Snowmass, CO: Sold Price: $1,062,500/$405 sq ft; furnished. Asking Price: $1,250,000. (Original Price: $1,250,000 and 74 days on the market since 04/02/2015.) This is an 1979 built, 4 bedroom/4 bath/1 half bath, 2,619 sq ft single family home. Broker comments are “A true single family home @ Meadow Ranch. Living, Kitchen, Dining & Decks on top level amongst the tree tops! Big master suite, every bedroom enjoys private bath. + family room, laundry room, decks, private patio, hot tub & 3 coveted parking spaces in front of house. Free Village Shuttle stops in front on Owl Creek Road and walking, hiking and biking paths are just steps away to access and enjoy the big wide open spaces that Snowmass has to offer. Owners welcome to bring 1 pooch.” 2014 Taxes: $2,863; HOA Dues: $1,518 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/16/2015; Sold Date: 06/15/2015. (Photos and broker comments courtesy of BJ Adams and Company-SMV)

MLS #138322 – Top of Village Condos, Snowmass Village, 855 Carriage Way 307, Snowmass, CO: Sold Price: $950,000/$879 sq ft; furnished. More details below photo.

MLS #138322 – Top of Village, Snowmass Village, 855 Carriage Way 307, Snowmass, CO: Sold Price: $950,000/$879 sq ft; furnished. Asking Price: $995,000. (Original Price: $995,000 and 159 days on the market since 01/14/2015.) This is an 1974 built and 2009 remodeled, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are “Totally remodeled top floor two bedroom condominium located in the highly desirable Summit Building. Guest Bedroom has built in bunks as an added option. Total ski in and out living. Great views and afternoon sun.” 2014 Taxes: $3,070; HOA Dues: $13,605 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/31/2015; Sold Date: 06/16/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

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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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