The Estin Report: May 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. June 5th. The Snapshots are usually posted on or near the 1st Monday of the month.

Excerpt:

“There is a night and day difference between May 2017 and the same time last year. The market appears to be firing on all cylinders heading into the summer selling season. A statistic that says it all: there were (15) Aspen single family home sales in May 2017 versus (2) in May 2016, +650% (Pg 6)…One very significant investor group that currently has about 15-18 projects under redevelopment and for sale has bumped up select property prices 5% in the past two weeks in anticipation of a formidable summer.”

Estin Report: Q1 2017 & 2016 Year: State of Aspen Real Estate was released on 5/27/17 in Current Reports. The 32-Page report is available on-line as PDF and will be available in a print edition distributed in kiosks around town and at the airport on June 15th.

“Flip Job” Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (06/14/17) as additional re-sale properties come on the market at significantly higher prices.

 A “Read more” link has been recently addede under the 1st of last week’s sold properties displayed below. This will improve site performance.

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Market Activity Week 24, June 4 – 11, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr 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.  Scroll down the page for home 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 quickly find 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 real estate, the information should be here.

Closed (11):  MLS#s 142982, 133641, 137984, 139156, 143702, 147674, 147748, 147794, 148392, 149372, 149374. This link is valid until 7/11/2017.

Under Contract/Pending (18): MLS#s 140598, 144288, 144449, 146800, 146808, 146958, 147064, 147917, 147919, 147936, 148370, 148618, 148763, 148772, 148773, 148859, 149130, 149181. This link is valid until 7/11/2017.

Aspen Snowmass Solds Last Week:  


MLS #142982 – Central Core, 910 E Cooper Avenue, Aspen, CO. Sold Price: $4,350,000/$1,548 sq ft; furnished. More details below photos.
Aspen real estate 061117 142982 910 E Cooper Avenue 1 590W  Aspen real estate 061117 142982 910 E Cooper Avenue 2 590W  Aspen real estate 061117 142982 910 E Cooper Avenue 3 190H Aspen real estate 061117 142982 910 E Cooper Avenue 4 190H
MLS #142982 – Central Core Half Duplex, 910 E Cooper Avenue, Aspen, CO. Sold Price: $4,350,000/$1,548 sq ft; furnished. Aspen duplex/half-duplex for sale. Ask Price: $4,650,000. (Original Price: $5,000,000 and 451 days on the market since 03/08/2016.) This is a 1997 built, 3 bedroom/3 bath/1 half-bath, 2,810 sq ft duplex/half-duplex with 2 car garage. Broker comments are “Leave the cars in the garage as this light and bright half duplex lies within walking distance to everything Aspen has to offer. Features include upper floor living with vaulted ceilings, alder cabinets, central AC, wet bar, granite counters, 2-car garage, caretaker unit, multiple decks and a low maintenance exterior.” 2015 taxes: $9,823. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/04/2017; Sold Date: 06/02/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)


MLS #147674 – Le Votaux, Central Core, 117 N Monarch Unit 2, Aspen, CO. Sold Price: $2,650,000/$1,375 sq ft; furnished. More details below photos.
Aspen real estate 061117 147674 117 N Monarch Unit 2 1 590W  Aspen real estate 061117 147674 117 N Monarch Unit 2 2 590W  Aspen real estate 061117 147674 117 N Monarch Unit 2 3 190H Aspen real estate 061117 147674 117 N Monarch Unit 2 4 190H  Aspen real estate 061117 147674 117 N Monarch Unit 2 5 190H Aspen real estate 061117 147674 117 N Monarch Unit 2 6 190H
MLS #147674 – Le Votaux, Central Core, 117 N Monarch Unit 2, Aspen, CO. Sold Price: $2,650,000/$1,375 sq ft; furnished. Aspen duplex/half-duplex for sale. Ask Price: $2,985,000. (Original Price: $3,185,000 and 121 days on the market since 02/06/2017.) This is a 2000 built and 2005 remodeled, 4 bedroom/3 bath, 1,926 sq ft duplex/half-duplex. Broker comments are “Rarely available, top floor ”penthouse style” living in the core of downtown Aspen. A one-level floor plan with four bedrooms and three baths. High ceilings & windows bring an abundance of light into the living spaces. Two large, south-facing decks frame Aspen Mountain views and the gated/fenced backyard. This hidden gem is uniquely located on the border of the historic West End – across the street and 1 block north from Carl’s Pharmacy – and Aspen’s central core….just one-block to Restaurant Row, shopping and nightlife. Ride the Downtowner shuttle 3 minutes to the music tent or cozy up to the wood-burning fireplace on a winter’s evening. Easy access to parks and local hiking trails like the Rio Grande, Smuggler and Ajax/Ute. Your search for the perfect Aspen chalet is realized on the corner of Monarch and Bleeker Street.” 2016 taxes: $5,518; HOA Dues: $6,000 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/17/2017; Sold Date: 06/07/2017. (Photos and broker comments courtesy of Compass)
MLS #147748 – Knollwood, East Aspen, 34 Westview Drive Aspen, CO. Sold Price: $1,935,000/$1,842 sq ft; unfurnished. More details below photos.
Aspen real estate 061117 147748 34 Westview Drive 1 590W  Aspen real estate 061117 147748 34 Westview Drive 2 590W  Aspen real estate 061117 147748 34 Westview Drive 3 190H Aspen real estate 061117 147748 34 Westview Drive 4 190H
MLS #147748 – Knollwood, East Aspen, 34 Westview Drive Aspen, CO. Sold Price: $1,935,000/$1,842 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $2,100,000. (Original Price: $2,100,000 and 107 days on the market since 02/18/2017.) This is a 1965 built, 2 bedroom/1 bath, 1,050 sq ft single family residence on a 17,570 sq ft lot. This is a teardown / vacant lot sale. Broker comments are “Incredible single family lot opportunity in one of Aspen’s best kept secret locations of Knollwood. Views of Richmond Hill and towards Independence Pass with strands of Aspen trees and all day sun. Located within walking distance to the downtown core and also on Dial-a-Ride shuttle service. Small 1965 built house being sold in ”As Is” condition. Allowable FAR approximately 3,282 sq. ft. See Planning Office about also adding basement space. R-15B zoning allows for one City TDR.” 2016 taxes: $3,890. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/20/2017; Sold Date: 06/05/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #147794 – Independence Square, Central Core, 404 S Galena Street 203, CO. Sold Price: $1,125,000/$1,591 sq ft; partial-furnished. More details below photos.
Aspen real estate 061117 147794 404 S Galena Street 203 1 590W  Aspen real estate 061117 147794 404 S Galena Street 203 2 590W  Aspen real estate 061117 147794 404 S Galena Street 203 3 190H Aspen real estate 061117 147794 404 S Galena Street 203 4 190H  Aspen real estate 061117 147794 404 S Galena Street 203 5 190H Aspen real estate 061117 147794 404 S Galena Street 203 6 190H
MLS #147794 – Independence Square Hotel, Central Core, 404 S Galena Street Unit 203, CO. Sold Price: $1,125,000/$1,591 sq ft; partial-furnished. Aspen condo for sale. Ask Price: $1,550,000. (Original Price: $1,550,000 and 62 days on the market since 02/24/2017.) This is a 2015 remodeled, 1 bedroom/1 bath/1 half-bath, 707 sq ft hotel condo. This is a hotel condo sale in the middle of downtown Aspen. If using as a comparable, there were buyer concessions outside of the contract price. Broker comments, “Unique Mid-Century Modern Jewel. Outstanding Aspen Core Location. Only one block from the gondola and surrounded by world class shopping and restaurants. Wonderful Income Potential. Iconic second floor corner unit with 6 windows. Views span from Lift 1A to Smuggler. Common areas newly refreshed. Central A/C. Easy to Show. Up to date Remodel with high-end finishes. Historic Independence Square Hotel with on-site management makes this amenity packed unit makes it an excellent hands off turn-key investment.” 2016 taxes: $2,381; HOA Dues: $7,339 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/16/2017; Sold Date: 04/27/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #143702 – The Gant Condominiums, Central Core, 610 S West End Street C-205, CO. Sold Price: $955,000/$979 sq ft; furnished. More details below photos.
Aspen real estate 061117 143702 610 S West End Street C 205 1 590W  Aspen real estate 061117 143702 610 S West End Street C 205 2 590W  Aspen real estate 061117 143702 610 S West End Street C 205 3 190H Aspen real estate 061117 143702 610 S West End Street C 205 4 190H  Aspen real estate 061117 143702 610 S West End Street C 205 5 190H Aspen real estate 061117 143702 610 S West End Street C 205 6 190H
MLS #143702 – Gant, Central Core, 610 S West End Street C-205, CO. Sold Price: $955,000/$979 sq ft; furnished. Aspen condo for sale. Ask Price: $1,100,000. (Original Price: $1,400,000 and 419 days on the market since 04/12/2016.) This is a 1972 built and 2011 remodeled, 2 bedroom/2 bath, 975 sq ft condo. Broker comments are “Updated 2 bedroom, 2 bath condo with a contemporary feel. Morning sun, east mountain views. Well-designed kitchen, 2 bedroom suites with built ins, spacious living room with fireplace, dining area. Private deck, walk to town and gondola. Near the reception area, pool and amenities.” 2015 taxes: $2,801; HOA Dues: $25,220 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/21/2017; Sold Date: 06/05/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #149372 – Independence Square Hotel Condo, Central Core, 404 S Galena Street 205, CO. Sold Price: $510,000/$1,700 sq ft; partial-furnished. More details below photos.
Aspen real estate 061117 149372 404 S Galena Street 205 1 590W  Aspen real estate 061117 149372 404 S Galena Street 205 2 190H  Aspen real estate 061117 149372 404 S Galena Street 205 3 190H
MLS #149372 – Independence Square Hotel, Central Core, 404 S Galena Street 205, CO. Sold Price: $510,000/$1,700 sq ft; partial-furnished. Aspen condo for sale. Ask Price: $545,000. (Original Price: $545,000 and 16 days on the market since 05/14/2017.) This is a 1889 built, 1 bath, 300 sq ft condo. Broker comments are “Located on the second floor of the historic Independence Building, above Ralph Lauren overlooking Cooper Ave & Paradise bakery. Views of Red Mountain. Nicely appointed and cozy – Contemporary furnishings with built-ins makes this a highly requested rental unit. Also available is the neighboring unit with the potential for joining.” 2005 taxes: $1,343. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/18/2017; Sold Date: 05/30/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #149374 – Independence Square Hotel, Central Core, 404 S Galena Street 206, CO. Sold Price: $485,000/$1,616 sq ft; partial-furnished. More details below photos.
Aspen real estate 061117 149374 404 S Galena Street 206 1 590W  Aspen real estate 061117 149374 404 S Galena Street 206 2 190H Aspen real estate 061117 149372 404 S Galena Street 206 3 190H
MLS #149374 – Independence Square Hotel, Central Core, 404 S Galena Street 206, CO. Sold Price: $485,000/$1,616 sq ft; partial-furnished. Aspen condo for sale. Ask Price: $495,000. (Original Price: $495,000 and 16 days on the market since 05/14/2017.) This is a 1889 built, 1 bath, 300 sq ft hotel condo. Broker comments are “Located on the second floor of the historic Independence Building, above Ralph Lauren overlooking Cooper Ave & Paradise bakery. Views of Red Mountain. Nicely appointed and cozy – Mid-century Modern furnishings with built-ins makes this a highly requested rental unit. Also available is the neighboring unit with the potential for joining.” 2005 taxes: $1,343. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/18/2017; Sold Date: 05/30/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #139156 – Twining Flats, 174 Twining Flats Road, Woody Creek, CO. Sold Price: $1,300,000. More details below photos.
Aspen real estate 061117 139156 174 Twining Flats Road 1 590W  Aspen real estate 061117 139156 174 Twining Flats Road 2 590W  Aspen real estate 061117 139156 174 Twining Flats Road 3 190H Aspen real estate 061117 139156 174 Twining Flats Road 4 190H  Aspen real estate 061117 139156 174 Twining Flats Road 5 190H Aspen real estate 061117 139156 174 Twining Flats Road 6 190H
MLS #139156 – Twining Flats, 174 Twining Flats Road, Woody Creek, CO. Sold Price: $1,300,000. Aspen single family vacant lot for sale. Ask Price: $1,400,000. (Original Price: $2,000,000 and 3,054 days on the market since 09/26/2006.) This is a 113,256 sq ft/2.6 acres single family vacant lot. Broker comments are “Fabulous 2.6 acres on the Roaring Fork River. Approved building envelope on the flat site- easy to build – and underground utilities. Views of Aspen Mountain and Highlands Peak. This will go fast, so hurry! Adjudicated decree water right.” 2013 taxes: $9,837. Under Contract Date: 03/10/2017; Sold Date: 06/09/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #148392 – Fox Run PUD, 955 Fox Run Drive, Snowmass Village, CO: Sold Price: $2,350,000/$494 sq ft; unfurnished. More details below photos.
Aspen real estate 061117 148392 955 Fox Run Drive 1 590W  Aspen real estate 061117 148392 955 Fox Run Drive 2 590W  Aspen real estate 061117 148392 955 Fox Run Drive 3 190H Aspen real estate 061117 148392 955 Fox Run Drive 4 190H  Aspen real estate 061117 148392 955 Fox Run Drive 5 190H Aspen real estate 061117 148392 955 Fox Run Drive 6 190H
MLS #148392 – Fox Run PUD, 955 Fox Run Drive, Snowmass Village, CO: Sold Price: $2,350,000/$494 sq ft; unfurnished. Snowmass Village single family home for sale. Ask Price: $2,850,000. (Original Price: $2,850,000 and 427 days on the market since 04/08/2016.) This is a 1989 built, 3 bedroom/3 bath/1 half-bath, 4,755 sq ft single family home with 3 car garage on a 36,844 sq ft lot. Broker comments are “Quiet, cul-de-sac privacy in prestigious Fox Run and only 3 minutes to skiing at Two Creeks. This home is nestled among towering Aspen and Spruce trees with gracious outdoor living spaces and a fire pit for those cool summer evenings. This home was developed by an accomplished builder and spans over 4,700 square feet of living space with a 3 car garage. An easy 10 minute drive to Aspen on Owl Creek Rd, this home is priced to sell.” 2016 Taxes: $8,567; HOA Dues: $2,000 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/19/2017; Sold Date: 06/09/2017. (Photos and broker comments courtesy of Snowmass Select Properties)
MLS #133641 – Crestwood, 400 Wood Road 3106, Snowmass Village, CO: Sold Price: $1,700,000/$839 sq ft; furnished. More details below photos.
Aspen real estate 061117 133641 400 Wood Road 3106 1 590W  Aspen real estate 061117 133641 400 Wood Road 3106 2 190H Aspen real estate 061117 133641 400 Wood Road 3106 3 190H  Aspen real estate 061117 133641 400 Wood Road 3106 4 190H Aspen real estate 061117 133641 400 Wood Road 3106 5 190H
MLS #133641 – Crestwood Condominium, 400 Wood Road 3106, Snowmass Village, CO: Sold Price: $1,700,000/$839 sq ft; furnished. Snowmass Village condo. Ask Price: $1,995,000. (Original Price: $1,995,000 and 1,160 days on the market since 04/04/2014.) This is a 1970 built and 2008 remodeled, 4 bedroom/4 bath, 2,025 sq ft condo. Broker comments are “Unit 3106 sets ”The New Standard” for luxury at The Crestwood. Two units taken to the studs and combined with finishes by Anne Grice. Corner unit, four en-suite bedrooms, radiant floor heat in all baths, one level, direct ski-in/ski-out to Fanny Hill, six pack, and Gondola on Funnel. Too many special features to list, must see, must own this unit! Please see Special Features list in Documents.” 2016 Taxes: $4,581; HOA Dues: $10,087 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/19/2017; Sold Date: 06/07/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #137984 – Enclave Condominimus, 360 Wood Road #202, Snowmass Village, CO: Sold Price: $716,000/$611 sq ft; furnished. More details below photos.
Aspen real estate 061117 137984 360 Wood Road 202 1 590W  Aspen real estate 061117 137984 360 Wood Road 202 2 590W  Aspen real estate 061117 137984 360 Wood Road 202 3 190H Aspen real estate 061117 137984 360 Wood Road 202 4 190H  Aspen real estate 061117 137984 360 Wood Road 202 5 190H Aspen real estate 061117 137984 360 Wood Road 202 6 190H
MLS #137984 – Enclave, 360 Wood Road #202, Snowmass Village, CO: Sold Price: $716,000/$611 sq ft; furnished. Snowmass Village condo. Ask Price: $785,000. (Original Price: $785,000 and 683 days on the market since 03/05/2015.) This is a 1981 built and 2006 remodeled, 2 bedroom/2 bath, 1,170 sq ft condo. Broker comments are “One of the best view condos in Snowmass! Beautifully located property on the east side of complex overlooking Assay Hill. Watch skiers/snowboarders all day from living room and sunny deck. Great views up toward Elk Camp and across the valley, as well. Unit features all new kitchen and baths and is tastefully furnished. Ski locker at front door. Easy walk down one flight of stairs and around the corner of building to slopes. Another private ski locker also at ‘point’ of building. One assigned carport space. Very close to pool and hot tub. Some artwork excluded. Some accessories shown in photos used for staging are not presently in property. Note that property was off the market for 130 days (but still listed) the summer and fall of 2016 while Enclave was under renovation, so Days on Market don’t reflect actual time property was publicly available.” 2016 Taxes: $2,749; HOA Dues: $18,968 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/03/2017; Sold Date: 06/01/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)

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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 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to this website: “The Estin Report on Aspen Real Estate.”

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