The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (13) and Under Contract/Pending (14): Mar. 27 – April 3 ,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 down to bottom of this page and search by date or topic. Search this site by Aspen and Snowmass topic in SearchEstinAspen.com in the menu bar. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds.

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 Aspen and Snowmass Real Estate Sales and Under Contract Activity: Last week’s real estate sales 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 on Tim’s website to preserve an archive of sold market activity.

Spreadsheet Summary: The Estin Report: Aspen Snowmass Weekly Sales Statistics, Mar, 27 – April 3, 2011

Closed (13): MLS# 117532, 101408, 111896, 117298, 118403, 116157, 104560, 119213, 116788, 112653, 114211, 117472, 119882. This link is valid for 30 days until 5/2/2011

MLS # 116157 – Woody Creek compound, 1242 Woody Creek Rd, Woody Creek, CO: Sold Price: $3,825,000/$680 sq ft; Ask and Original Price: $4,850,000/$862 sq ft and on the market 330 days since May 2010. Built/Remodeled: 1972/1999. The broker Tim Estin writes, “This is a charming “Old West” compound at the end of the road on 12.6 acres with panoramic views of Aspen’s four major ski mountains and Mt Sopris. Owners of the property have been the former leader of the Aspen Institute and a prior owner of the Aspen Ski Company which some may feel provides the property with a certain Aspen authenticity and select provenance. Featuring 5,748 square feet of living space within one Main House and two separate Cabins (one of which is historic) – 5 bedrooms/5.5 baths total – the property also claims beautiful expansive open spaces, floor to ceiling windows with natural light, multiple gardens, an outdoor salt water mineral pool, senior Salvation Ditch water rights, charming foot paths, and a private gazebo retreat. This compound with three livable structures is unlikely to be reproduced within today’s land use code and represents a stunning and unique piece of Aspen’s heritage”. 2009 Taxes: $9,428 Yr. Under Contracts Date: 10/27/10; Sold Date: 04/01/11. (Photos and description courtesy of Mason Morse Real Estate.)

MLS # 104560 – South Point Condo near Lift 1A in downtown Aspen, 205 E Durant Avenue #1b Aspen, CO: Sold Price: $1,057,435/$1,079 Sq ft; Ask Price: $1,195,000/$1,219 sq ft. (Original List Price: $2,250,000 and 858 days on the market since 11/17/2008.) This is 2 bedroom/2 bath, 980 sq ft 1967 built/2008 remodel condominium with 1-car garage space.The broker’s remarks are, “Rare, ground floor, south-facing South Point. Underground parking, storage room and ski locker, Ajax views from all rooms, ski-in, walk to everything. Bleached walnut floors, new carpet and paint, granite, marble, beautifully furnished. On-site management. Pets allowed for owners. Offered fully furnished; artwork,sculptures, some accessories and tabletop artifacts excluded. Short sale.” 2008 Taxes: $2,826 YR; HOA Dues: $4,460 Yr. City of Aspen RETT Transfer Tax of 1.5% applies to buyer. (Photos and broker remarks courtesy of Roberta Allen Real Estate.)

MLS # 111896 – Red Mountain single family home, 180 Bennett Place Aspen, CO: Sold Price: $3,200,000/$982 sq ft; Ask Price: $3,475,000/ $1,067 sq ft. (Original List Price: $5,495,000 and on the market for 1,121 days since 12/27/2007.) This is a 1970 built/2007 remodel red mountain home with 4 bedrooms/3.5 baths and three levels on .23 hillside acres.The broker writes, “This home has all the panache of a contemporary home, yet feels so relaxed. Virtually every room is filled with refreshing mountain breezes and has expansive mountain views.”2009 Taxes: $6,673 Yr; HOA Dues: $700Yr. Under Contract Date: $03/31/2011; Sold Date: 03/31/2011. (Photos and broker’s remarks courtesy of BJ Adams and Company.)

MLS #112653 – Mountain Valley area tear down home sold at lot value, 400 McSkimming Road Aspen, CO: Sold Price: $1,265,000/$841 sq ft; Ask Price: $1,395,000/$927 sq ft. (Original List Price: $2,575,000 and on the market 596 days since 08/12/2009.) The broker writes, “Features include 3 wood-burning fireplaces, all day sun, and views of Aspen Mountain. Located on a nicely wooded lot with a private drive and flat topography, and surrounded by new high end homes. Build new, remodel, or live in this 2 bedroom, 2 bath, 1504 square foot home in the quiet neighborhood of Aspen Grove, just a mile from downtown.” 2010 Taxes: $7,169 Yr. City of Aspen RETT Transfer Tax of 1.5% payable by buyer. Under Contract Date: 02/21/11; Sold Date: 03/31/11. (Photos and brokers description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS # 114211 – Aspen Square Condo in downtown Aspen, 617 E Cooper Avenue #105 Aspen, CO: Sold Price: $1,100,000/$1,316 sq ft; Ask Price: $1,195,000/$1,493 sq ft. (Original List Price: $1,650,000 and on the market 462 days since 12/23/2009.) This is a 2 bedroom/2 bath, 836 sq ft condo built in 1969/2001 remodeled. The broker writes,” Unquestionably the best hotel condominium rental in town. Drop your bags and go from this delightfully updated Aspen Square condominium 2 bedroom situated only 64 steps away from the gondola. It’s all here-an unrivaled location, stellar hotel hospitality, fine boutique hotel amenities and a condominium suite you love to come home to.” 2010 Taxes: $3,911 Yr; HOA Dues: $30,000 Yr. Under Contract Date: 02/28/2011; Sold Date: 03/30/2011.City of Aspen RETT Transfer Tax of 1.5% payable by buyer.(Photos and brokers remarks courtesy of BJ Adams and Company-Aspen.)

MLS # 117472 – Wood Run Place condominium, 425 Wood Snowmass Village, CO: Sold Price: $1,100,000/$583 sq ft; Ask Price: $1,350,000/$715 sq ft. (Original Price: $1,395,000 and 259 days on the market since 07/16/10 . ) This is a two-level, 3 bedroom/3.5 bath, 1,888 sq ft 1983 built condo townhome sold furnished. The broker writes, “One of the best locations at Wood Run Place. South facing views of ski area, parking space in new garage, easy access to skiing.” 2009 Taxes: $5,149 Yr; HOA Dues: $27,468 Yr. Under Contract Date:02/25/11; Sold Date:04/01/11.Town of Snowmass Transfer Tax of 1% payable by buyer.(Photos and brokers remarks courtesy of Chaffin Light Real Estate Snowmass Village.)

MLS # 116788 – Single family home, 1474 Gateway Drive Snowmass, CO: Sold Price: $409,000/$143 sq ft; Ask Price: $409,900/$144 sq ft. (Original Price: $514,900 and on the market for 288 days since 6/11/10.) This is a 1973 built, 2 bedroom/3 bath, 2,851 sq ft home in the Gateway To Snowmass Subdivision. The broker writes, “Opportunity to live in Old Snowmass. Desirable subdivision, Gateway of Snowmass Mesa. This log home is looking for an owner with vision. Home has separate garage, easy access and large deck on 1.5 treed acres with good views. Creative ideas welcome, come see. Price to sell! Bank owned property. New septic system.* 2010 Taxes: $5,697. Under Contract Date: 2/23/11; Sold Date:3/24/11. (Photos and broker comments courtesy of Chaffin Light Real Estate Basalt.)

MLS # 117298 – East Aspen/Independence Pass area, Morningstar Subdivision near Difficult Campground, 10 Popcorn Lane Aspen, CO: Sold Price: $5,235,000/$1,611 sq ft; Ask Price: $6,000,000/$1,846 sq ft. (Original List Price: $9,950,000 and 1,431 days on the market since 08/24/2007.) The broker writes, “Spectacular views of Independence Pass emanate from this 3.08 acre site (per assessor) located in the 17 acre Morningstar subdivision. Live in the existing 2005 built 3,250 sq ft guest house consisting of three bedroom suites, three full baths & 2 half baths while you build the 7021 sq ft main house with included plans & permit. Foundation already exists. This wonderful parcel has private river access and enjoys the potential for 10,750 square feet of total FAR. One of a kind opportunity to enjoy the luxury guest house immediately while you build the main residence!” 2010 Taxes: $16,514 Yr; HOA Dues: $3,457 Qtr. Under Contract Date: 03/18/2011; Sold Date: 03/30/2011. (Photos and brokers comments courtesy of Whitman Fine Properties .)

MLS #117532 – Lift One Condo near Lift 1A, 131 E Durant Avenue 206 Aspen, CO: Sold Price: $1,330,000/$1,086 sq ft; Ask Price: $1,500,000/ $1,224 sq ft. (Original List Price: $1,750,000 and 253 days on the market since 7/20/2010.) This is a 1972 built/2008 remodeled 3 bedroom/3 bath, 1,225 sq ft condo. The broker writes, ” Three-bedroom, three-bath condominium at the base of Aspen Mountain’s Lift One area, with easy ski access. Convenient to Wagner Park and downtown Aspen’s shopping and attractions. Furnished (some exclusions). Complex has pool, jacuzzi, front desk.” 2009 Taxes: $4,221 Yr; HOA Dues: TBD. City of Aspen RETT Transfer Tax of 1.5% payable by buyer. (Photos and broker remarks courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS # 118403 – Seasons 4 Condominium, 35 Lower Woodbridge Road #176 Snowmass Village, CO: Sold Price: $495,000/$394 sq ft; Ask Price: $519,000/$413 sq ft. (Original Price: $592,500 and on the market 177 days since 10/02/10.) This is a 3 bedroom/3 bath, 1,256 sq ft condo. The broker writes, “Beautifully remodeled 3 bedroom/3 bath top floor condominium with super views towards Independence Pass. This is a short sale. Please contact listing broker for details.”. 2010 Taxes: $2,646 Yr; HOA Dues: $1,700 Qtr. Under Contract Date:03/04/11; Sold Date:03/28/11. Town of Snowmass Transfer Tax of 1% payable by buyer. (Photos and brokers remarks courtesy of BJ Adams and Company.)

MLS # 119213 – Single family Ridge Run Subdivision home, 135 Baby Doe Lane Snowmass Village, CO: Sold Price:$3,200,000/$1,017 sq ft; Ask Price: $3,950,000/$1,256 sq ft. (Original Price: $5,875,000 and 832 days on the market since 8/26/2008.) This is a 1980 built/2006 remodel 4 bedroom/4.5 bath, 3,145 sq ft home with 2-car garage on .47 acres sold furnished. The broker writes, “Best value for ski in-ski out in Snowmass Village. Meticulously maintained. Awesome views. Direct ski to Eddy Out and Base Village. Beautifully furnished. Great yard and gardens. Perfect for entertaining. Nothing like it on the market for the price”. 2007 Taxes: $8,545 Yr; HOA Dues: $75 Yr. Town of Snowmass Transfer Tax of 1% due to buyer. (Photos and broker’s remarks courtesy of Sweeney Real Estate.)

MLS # 119882 – Crestwood Condominimum, 400 Wood 1202 Snowmass Village, CO: Sold Price:$1,050,000/$781 sq ft; Ask & Original Price: $1,095,000/$815 sq ft and 36 days on the market since 02/24/11.) This is a slopeside 3 bedroom/3 bath 1,344 condo built in 1970/complex remodeled in 2008 sold furnished.The broker writes, “Front Row corner unit over looking Fanny Hill. A great location to watch the skiers go by and take in the afternoon sun. Large wrap around deck off the living room with a private deck off the master suite. This is an opportunity you don’t want to miss. Great space, Great location for a Great Price.” 2010 Taxes: $3,879 Yr; HOA Dues: $21,092 YR. Under Contract Date:02/24/11; Sold Date:03/29/11.Town of Snowmass Transfer Tax of 1% payable by buyer.(Photos and brokers remarks courtesy of Chaffin Light Real Estate Snowmass Village.)

MLS # 101408 – Brush Creek Village tear down home sold at lot value, 104 Sagebrush Lane Aspen, CO: Sold Price: $650,000; Ask Price: $745,000. (Original List Price: $1,500,000 and on the market for 1,281 days since 09/27/2007.) This is a 2.12 acre site. The broker writes, “Tucked away on a hillside, this property features great Independence Pass and Ajax views.Rustic home on 2+ acres, with tumbled marble and granite tiled home. Aspen school district. No transfer tax. Contingent upon seller finding replacement property.” Under Contract Date: 01/18/2011; Sold Date: 03/31/2011. (Photo and broker’s remark courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

Under Contract / Pending (14): MLS #111785, 118015, 119838, 120181, 118588, 114250, 119280, 120235, 116202, 119219, 120102, 119755, 119031, 115026. This link is valid for 30 days until 5/2/2011.Photos and descriptions of under contract properties are not posted unless special circumstances dictate.

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