The Estin Report Aspen Snowmass Real Estate Weekly Sales and Statistics: Closed (3) and Under Contract / Pending (5): June 5 – 12, 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: Aspen Snowmass 2010 Year End Summary

Last Week’s Market Highlights – Aspen Snowmass Real Estate Sales and Under Contract Activity: Last week’s 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.

Under Contract / Pending (5): MLS #’s 115424, 120212, 116796, 120904, 118343. This link is valid for 30 days until 7/12/2011. Photos and descriptions of pending properties are not posted unless special circumstances dictate..

Closed (3): MLS#’s 118883, 118760, 112160. This link is valid for 30 days until 7/12/2011. Because the MLS links 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 date.

MLS 118883 – Riverpark Townhome downtown Aspen, 130 N. Spring St Aspen, CO: Sold Price: $6,496,000/$1,206 sq ft;

MLS 118883 – Riverpark Townhome downtown Aspen, 130 N. Spring St Aspen, CO: Sold Price: $6,496,000/$1,206 sq ft; Ask Price: $7,850,000/$1,458 sq ft (Original Price: $9,950,000. and 1,452 days on the market since 6/22/2007.) This is a beautiful 1992 built/2008 complete remodel, 5 bedroom/5 bath/2 half bath downtown Aspen townhome with 4-car garage parking. The broker’s description is, “River Park is a unique downtown Aspen private complex with lush gardens and a stream out your front door. This corner townhome is the size and width of a house 5,383 sq ft per assessor, with the convenience of a townhome including a full-time on-site caretaker to help with all of your needs. This home is light and bright with windows on three sides, and amazingly for downtown Aspen living, there are no below grade rooms. This unit has been completely renovated with luxurious finish details, including walnut flooring, marble and granite. All Four/Five bedrooms have a fireplace, for a total of seven fireplaces. There are two spacious master suites, two guest bedrooms. There is a family room with a full bar, full mini kitchen and private entrance. Included are Five full baths, two half baths and an elevator.” 2009 Taxes: $18,160 Yr. HOA Dues: TBD. Under Contract Date: 04/26/11; Sold Date: 6/8/11. Buyer represented by Tim Estin. (Photos and description courtesy of Weaver & Briscoe Real Estate.)

MLS #112160 – Older Log home on Aspen Mountain – 605 S. Alps Rd: Sold Price: $6,550,000/$1,408 sq ft;

Site Location:Just above and east of the Aspen Alps Condominium complex.

Existing older home

Proposed new home – schematic drawing

Proposed new home – CAD model

MLS #112160 – Older Log home on Aspen Mountain – 605 S. Alps Rd: Sold Price: $6,550,000/$1,408 sq ft; Ask Price: $7,500,000/$1,612 sq ft. (Original Price: $9,500,000 and on market for 815 days since 12/19/2008.) This is a 1988 built/2004 remodel,6 bedroom/6 bath log home almost adjacent to Little Nell ski run on Aspen Mtn. The property sold to the next-door neighbor who closed on MLS #109752 for $14MM on 5/17/11 (see Featured Property in 5/27/11 blog entry). The broker’s description is, “Here is one of the last opportunities for a ski in/out estate home that accesses the Little Nell Ski Run on Aspen Mountain. This is a one of a kind 0.6 acre site almost directly under the gondola and 200 yards up the hill from the Little Nell Hotel. Valley wide views, end of the road privacy. Live in the existing 6 bed/6 bath, 4400 sf home, renovate it or rebuild it with the existing conceptual design approved for a 10,000 sf new home. The house has been recently appraised for $8MM. The brand new comparable home next door is listed at $19.5 million and has was voted #2 Ski House in America by CNBC in 2010.” 2007 Taxes: $12,692 Yr; No HOA. Under Contract date: 4/22/11; Sold date: 6/6/11.City of Aspen RETT Transfer Tax of 1.5% payable by buyer. (Photos and description courtesy of Aspen Signature Properties.)

MLS #118760 – Single family Brush Creek Village home, 1226 Medicine Bow Road Aspen, CO: Sold Price: $1,650,000/$470 sq ft;

MLS #118760 – Single family Brush Creek Village home, 1226 Medicine Bow Road Aspen, CO: Sold Price: $1,650,000/$470 sq ft; Original and Ask Price: $1,799,000/$512 sq ft.and 206 days on the market since 11/09/11 . ) This is a bank short sale of a 2002 built, 3,513 sq ft home with 4 bedrooms/4.5 baths with 2-car garage sold unfurnished. The broker’s description is, “Panoramic views with vaulted ceilings and lovely finishes in this newer home that works perfectly for a family or second homeowner. There are 2 family rooms in addition to the open floor plan for the living/dining and kitchen area. With its fireplace and hot tub, home becomes a wonderful retreat after a day of skiing, hiking or working. Separate large garage with room for all your toys. Located in the Aspen School District and just minutes from downtown Aspen and Snowmass Village.” 2009 Taxes: $8,174 Yr; HOA Dues: $50. Yr. Under contract date:12/03/10; Sold date: 06/03/11. (Photos and description courtesy of Carol Dopkin Real Estate.)

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:

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