The market is heating up and there is fast paced activity for properties priced well. Here are (2) recent examples from last week of new listings of prime fixer-upper candidates going Under Contract/Pending within days of hitting MLS. This link is valid until 4/8/2015.
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.
The Estin Report: Feb 2015 Aspen Snowmass Market Snapshot was released early Mar 2, 2015 inCurrent Reports
See recent Before/After redevelopment ‘flip job’ examplesin prior 02/01/15 post. These are properties that have been recently or are currently being redeveloped for re-sale. This postis being updated 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 10, March 1 – 8, 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 (6):MLS #”s:135550,134797,137898,136392,137384,137409. This link is valid until 04/07/2015.
Under Contract/Pending (15):MLS#’s:137148,137872,131964,132112,132633,133292,134386,134465,134774,137897,135867,136228,137042,137901,137386. This link is valid until 04/07/2015.
Aspen Snowmass Solds Last Week:
MLS #135550 – Twnste Aspen, Central Core, 220 E Hopkins, Aspen, CO: Sold Price: $11,750,000/$2,351 sq ft. More details below photos.
MLS #135550 – Twnste Aspen, Central Core, 220 E Hopkins, Aspen, CO: Sold Price: $11,750,000/$2,351 sq ft; Asking Price: $12,950,000. (Original Price: $12,950,000 and 232 days on the market since 07/14/2014.) This is a 2003 built, 5 bedroom/5 bath/1 half-bath, 4,997 sq ft single family home with 1 car garage on a 6,000 sq ft lot. Broker comments are “One of the most recognizable and desirable homes in the center of Aspen is now offered for the first time. This used to be the home and work site for Francis Whitaker, the renowned Aspen blacksmith whose work could be found on local horses and as artwork, found in properties from Soho NY to Malibu. An Aspen park in his name is across the street from this home. Located in the center of town just steps away from everything, this 6,000 square foot lot offers a private backyard oasis with a pond, water feature, gardens and covered porch. The distinctive front elevation of the house features red windows and rocking chairs on the front porch contrasting with the natural unpainted wood siding and cedar shake roof. Five bedrooms, garage, wine room, and a media room complete this in-town retreat.” 2013 Taxes: $6,992. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/22/2015; Sold Date: 03/03/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
MLS #136392 – Victoria Square, West End, 730 W Bleeker Street, Aspen, CO: Sold Price: $4,700,000/$1,117 sq ft. More details below photos and see before remodel/after in 02/01/15 post on recent “flip jobs”.
MLS #136392 – Victoria Square, West End, 730 W Bleeker Street, Aspen, CO: Sold Price: $4,700,000/$1,117 sq ft; Asking Price: $4,950,000. (Original Price: $4,950,000 and 121 days on the market since 10/14/2014.) This is a 1990 built and 2014 remodeled (see before remodel/after in 02/01/15 recent “flip jobs” post ) , 4 bedroom/4 bath/2 half-bath, 4,204 sq ft condo with 2 car garage. Broker comments are “Experience luxury at its finest in this completely rebuilt duplex in West End. Contemporary high-end designer finishes and opulent decor combine in this rare new offering that lives like a single family home. Thoughtfully redone with four bedrooms and en suite bathrooms, 2 half baths and two living areas. State-of-the-art kitchen with Miele and Thermador appliances. Lots of natural sunlight and views of Shadow Mountain.” 2013 Taxes: $6,539; HOA Dues: $600. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/04/2015; Sold Date: 03/02/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
MLS #134797 – Little Victoria, West End, 634 W Main St Unit #7, Aspen, CO: Sold Price: $545,000/$819 sq ft. More details below photos.
MLS #134797 – Little Victoria, West End, 634 W Main St Unit #7, Aspen, CO: Sold Price: $545,000/$819 sq ft; Asking Price: $585,000. (Original Price: $585,500 and 237 days on the market since 06/17/2014.) This is a 1966 built and 2003 remodeled, 2 bedroom/1 bath, 665 sq ft condo. Broker comments are “This 2 bedroom condo has a lot more charm and character than others in this price range. Located on the quiet side of the building, this unit has a great floor-plan on the 2nd and 3rd floors of this small complex. Enjoy your large, private deck with views of shadow mountain and Red Mountain. Walk to the music tent, the Aspen Institute, and to Oprah’s favorite restaurant in Aspen – The Hickory House. Ride your bike or walk to downtown Aspen, or jump on the valley-wide bike trail system. Rentals are allowed with some restrictions on short-term leases. The HOA fees are extremely low, and pets are allowed for owners. Now is the time to purchase this affordable residence in Aspen’s prestigious West End.” 2013 Taxes: $631; HOA Dues: $113. Under Contract Date: 01/20/2015; Sold Date: 03/05/2015. (Photos and broker comments courtesy of Aspen Real Estate Company)
MLS #137898 – Chamonix, Snowmass, 476 Wood Road #45, Snowmass Village, CO: Sold Price: $2,000,000/$1,052 sq ft; furnished. More details below photos.
MLS #137898 – Chamonix, Snowmass, 476 Wood Road #45, Snowmass Village, CO: Sold Price: $2,000,000/$1,052 sq ft; furnished; Asking Price: $2,195,000. (Original Price: $2,195,000 and 15 days on the market since 02/17/2015.) This is a 3 bedroom/3 bath, 1,901 sq ft condo with 3 car garage. Broker comments are “An exceptional top-floor, 2-story townhome retreat which was renovated to the studs by Jim Iglehart. Robert Trown design featuring exquisite finish details including wood plank floors, integral plaster walls, gorgeous cabinetry and built-ins, spectacular kitchen and baths, radiant heat, A/C, lots of storage. Separate study off of upstairs master bedroom. Some of the best views in Snowmass overlooking gondola, all of Assay Hill and the valley beyond. Unlike any other Chamonix unit, purchase includes 2-car garage with storage accessed off plaza + an assigned space in underground garage, as well as 2 assigned ski lockers. Elevator access from underground garage to private foyer for this unit and only one other. Nothing like it in Snowmass.” 2014 Taxes: $6,009; HOA Dues: $40. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/19/2015; Sold Date: 03/04/2015.(Photos and broker comments courtesy of BJ Adams and Company-SMV)
MLS #137384 – Viceroy, Snowmass, 130 Wood Road 541, Snowmass Village, CO: Sold Price: $1,804,050/$1,228 sq ft; furnished. More details below photos.
MLS #137384 – Viceroy, Snowmass, 130 Wood Road 541, Snowmass Village, CO: Sold Price: $1,804,050/$1,228 sq ft; furnished; Asking Price: $1,899,000. (Original Price: $1,899,000 and 460 days on the market since 11/27/2013.) This is a 3 bedroom/3 bath, 1,468 sq ft condo. Broker comments are “New Condominium units now available at the world-acclaimed Viceroy. Ski in-Ski-out in Snowmass’ Base Village, there is nothing else like in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2013 Taxes: $10,121; HOA Dues: $9,486. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/26/2015; Sold Date: 03/02/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)
MLS #137409 – Viceroy, Snowmass, 130 Wood Road 542, Snowmass Village, CO: Sold Price: $1,335,400/$1,271 sq ft; furnished. More details below photos.
MLS #137409 – Viceroy, Snowmass, 130 Wood Road 542, Snowmass Village, CO: Sold Price: $1,335,400/$1,271 sq ft; furnished; Asking Price: $1,495,000. (Original Price: $1,495,000 and 460 days on the market since 11/27/2013.) This is a 2 bedroom/2 bath, 1,050 sq ft condo. Broker comments are “New Condominium units now available at the world-acclaimed Viceroy. Ski in-Ski-out in Snowmass’ Base Village, there is nothing else like in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2013 Taxes: $7,239; HOA Dues: $6,785. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/26/2015; Sold Date: 03/02/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)
Piotkin County Real Estate Transactions Recorded
March 2 – March 6, 2015
ADN Staff Report published Monday, March 16, 2015
Grantor: Kerry and John David Wood
Grantee: Steven M. Watkins
Property: G A Resort Unit 15
Cost: $94,000.00
Grantor: 730 AH LLC
Grantee: Michael and Jacqueline J. Ferro
Property: Kellner Duplex Unit 1
Cost: $4,700,000.00
Grantor: Snowmass Acquisition Company LLC
Grantee: Kandrjjr LLC
Property: Assay Hill Lodge Unit 541
Cost: $3,139,450.00
Grantor: Jeffrey S. and Maria Copenhaver
Grantee: Martin L. Cheney
Property: Fender Lot 1
Cost: $340,000.00
Grantor: William L. and Michelle A. Sorter
Grantee: Hidden Oaks Trailers LC
Property: Redstone Lot 1
Cost: $465,000.00
Grantor: Ritz Carlton Development Company Inc.
Grantee: John and Beverly H. Egle
Property: Aspen Highlands Condo Unit 8103
Cost: $41,250.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: Leslie Campbell
Property: John Wayne Tunnel 106006
Cost: $165.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: John D. Walla
Property: Harrison 141184
Cost: 165.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: New Highland Tunnel LLC
Property: New Highland Tunnel 247622
Cost: $1,375.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: Nancy Bryant
Property: Coronado 5410
Cost: $23,650.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: Nancy Bryant
Property: Calavaras 6914
Cost: $5,225.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: Nancy Bryant
Property: Multiple Lots, city of Aspen
Cost: $330.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: Nancy Bryant
Property: Multiple Lots, Ute Addition
Cost: $366.30
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: John D. Walla
Property: Aspen Mt Tunnel 210423
Cost: $165.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: John D. Walla
Property: Bananya 210457
Cost: $137.50
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: John D. Walla
Property: Buckero Placer 224974
Cost: $165.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: John D. Walla
Property: Newman 225636
Cost: $165.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: Luis Del Rio
Property: Emma Property 6976
Cost: $330.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: Castle Creek Investors Inc.
Property: Surface Mine Climax 4338
Cost: $35,750.00
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: Stephen Hawk Greenway
Property: Apex 7673
Cost: $5,500
Grantor: Estate of Edwin J. Smart and Marcie McMinimee
Grantee: John D. Walla
Property: Bonanza Placer 5840
Cost: $220.00
Grantor: Gogolak Trust
Grantee: Kattag Properties LLC
Property: Aspen Residence Club & Hotel Unit B40
Cost: $342,000.00
Grantor: SSM Land Acquisition Company LLC
Grantee: Jonathan and Karen Jaffe
Property: City of Aspen Lot P, Blk 74
Cost: $11,750,000.00
Grantor: Byron M. Cavaney Jr.
Grantee: Keith Seigerman
Property: G A Resort Unit 48
Cost: $65,000.00
Grantor: Sheri Bangoand Byron M. Jr. Cavaney
Grantee: Keith Seigerman
Property: G A Resort Unit 48
Cost: $65,000.00
Grantor: Carlos M. De Quesada
Grantee: Cooper-Culpan Family Partnership LLC
Property: Chamonix at Woodrun Unit 45
Cost: $2,000,000.00
Grantor: Ritz Carlton Development Company LLC
Grantee: KBH Investments LLC
Property: Aspen Highlands Condo Unit 2303
Cost: $74,500.00
Grantor: Burke Olshan Aspen Properties LLC
Grantee: Ashley B. Chod
Property: Little Victorian Unit 7
Cost: $545,000.00
Grantor: Aspen/Pitkin County Housing Authority
Grantee: Kendra Lizotte
Property: Burlingame Ranch I Unit 101, Bldg 42
Cost: $249,000
Grantor: Snowmass Acquisition Company LLC
Grantee: Kimberly Rubino Kelley
Property: Assay Hill Lodge Unit 508
Cost: $455,000.00
Grantor: Ritz Carlton Development Company Inc.
Grantee: NMK Associates LLC
Property: Aspen Highlands Condo Unit 8406
Cost: $45,000.00
Grantor: Castle Creek Development LLC
Grantee: Silver Lady Palm Beach LLC
Property: Castle Creek Valley Ranch Lot 12
Cost: $5,750,000.00
Grantor: David Kahnweiler Trust
Grantee: Fishman Trust
Property: Fox Crossing Lot 10, Unit B
Cost: $4,400,000.00
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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 byemail.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:“TheEstin Reporton Aspen Real Estate.”
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