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 12, March 15 – 22, 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 (9):MLS #’s:137550,132390,132633,134515,134829,136425,136801,136853,138073. This link is valid until 04/21/2015.

Under Contract/Pending (10):MLS#’s:135551,119487,137788,132412,132919,133157,133692,135675,137939,137940. This link is valid until 04/21/2015.

Aspen Snowmass Solds Last Week:

MLS #132390 – Morningstar, East Aspen, 185 Popcorn Lane, Aspen, CO: Sold Price: $7,375,000/$899 sq ft; furnished. More details below photos.

MLS #132390 – Morningstar, East Aspen, 185 Popcorn Lane, Aspen, CO: Sold Price: $7,375,000/$899 sq ft; furnished; Asking Price: $7,850,000. (Original Price: $8,450,000 (Original Price: $12,750,000 on the market since 08/24/2007.) This is a 2005 built, 6 bedroom/6 bath/2 half-bath, 8,196 sq ft single family home with 3 car garage on a 87,120 sq ft lot. Broker comments are “Set in beautiful Morningstar, this house provides views of Independence Pass with the convenience of being only a few miles from downtown Aspen. With 8,196 square feet of elegant and timelessly crafted living space, the house lends itself to both entertaining and cozy gatherings. The beautiful great room has soaring ceilings, a formal dining room, two stone fireplaces, and a commanding view. The kitchen is a chef’s delight. All six bedrooms are en suite and generous in proportion, with each room offering a unique and stunning view. Additional amenities include a three car garage, office with fireplace, grand piano overlooking the great room, central a/c and radiant heat, 1000 bottle wine room, elevator, eight fireplaces, and beautiful patios to take in the view.” 2013 Taxes: $17,138; HOA Dues: $3,437. Under Contract Date: 02/27/2015; Sold Date: 03/20/2015. (Photos and broker comments courtesy of Laura Maggos Properties)

MLS #134829 – Knollwood Subdivision, East Aspen, 130 Northway Drive, Aspen, CO: Sold Price: $5,835,000/$1,330 sq ft; unfurnished. More details below photos.

MLS #134829 – Knollwood, East Aspen, 130 Northway Drive, Aspen, CO: Sold Price: $5,835,000/$1,330 sq ft; unfurnished; Asking Price: $5,995,000. (Original Price: $6,195,000 and 281 days on the market since 06/10/2014.) This is a 2014 built, 5 bedroom/5 bath/1 half-bath, 4,386 sq ft single family home with 2 car garage on a 16,292 sq ft lot. Broker comments are “This new luxury modern home has everything you would expect in a state-of-the-art Aspen home, and much more, including environmental upgrades and exceptional views of the mountains, including Aspen Mountain and Independence Pass. The loft-like living area is bathed in light that changes as the sun moves east to west and features a Bulthaup kitchen with Miele appliances and custom lighting fixtures. The open floor plan is centered around 14′ high windows with 180 degree views and features a glass wall opening to a dining area on the covered outside deck and fire-pit conversation area. The fifth bedroom doubles as a family/media room. The secluded yard with hot tub area is accessed via snowmelted stairs from the media/multi purpose room and also from the upper decks.” 2014 Taxes: $8,000. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/25/2015; Sold Date: 03/18/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)

MLS #136853 – Christiana Aspen, West End, 501 Main Street B202, Aspen, CO: Sold Price: $1,440,000/$946 sq ft; unfurnished. More details below photos.

MLS #136853 – Christiana Aspen, West End, 501 Main Street B202, Aspen, CO: Sold Price: $1,440,000/$946 sq ft; unfurnished, Bank REO Sale.Asking Price: $1,599,900. (Original Price: $1,699,000 and 114 days on the market since 11/26/2014.) This is a 2003 built, 3 bedroom/1 bath/1 half-bath, 1,522 sq ft condo. Broker comments are “Top floor 2-story condo in the heart of Aspen. Excellent rental or ski condo within walking distance to downtown Aspen. This great condo features 3 bedrooms, 2.5 bathrooms, gleaming hardwood floors, Granite countertops, stainless steel appliances, gas fireplace with rock hearth, central air conditioning, 2 decks, vaulted ceilings, steam shower, and more. Christiana Aspen complex offers ski storage, pool, & hot tub.” 2013 Taxes: $4,437; HOA Dues: $1,450. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/06/2015; Sold Date: 03/20/2015. (Photos and broker comments courtesy of Mercury Alliance Mountain Properties)

MLS #136425 – Sunrise Condominiums, Central Core, 1007 E Hyman Avenue 8, Aspen, CO: Sold Price: $880,000/$913 sq ft; partial furnished. More details below photos.

MLS #136425 – Sunrise, Central Core, 1007 E Hyman Avenue 8, Aspen, CO: Sold Price: $880,000/$913 sq ft; partial furnished; Asking Price: $945,000. (Original Price: $985,000 and 151 days on the market since 10/16/2014.) This is a 1977 built, 1 bedroom/1 bath, 963 sq ft condo. Broker comments are “Add your personal touch to this two-story corner condominium unit in town. Look out to the Ute Trail from the living room balcony. Warm up by the wood-burning fireplace. Plan your ski day as you wake up to Ajax Mountain views. Storage is abundant and your HOA dues are low. Stake your Aspen claim” 2014 Taxes: $1,515; HOA Dues: $1,730. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/30/2015; Sold Date: 03/16/2015. (Photos and broker comments courtesy of BJ Adams and Company – Aspen)

MLS #134515 – Pines at Owl Creek, Snowmass, 410 Pine Crest Drive, Snowmass Village, CO: Sold Price: $8,350,000/$1,380 sq ft; furnished. More details below photos.

MLS #134515 – Pines at Owl Creek, Snowmass, 410 Pine Crest Drive, Snowmass Village, CO: Sold Price: $8,350,000/$1,380 sq ft; furnished; Asking Price: $8,995,000. (Original Price: $8,995,000 and 224 days on the market since 06/03/2014.) This is a 2006 built, 6 bedroom/1 bath/1 half-bath, 6,050 sq ft single family home with 3 car garage on a 44,431 sq ft lot. Broker comments are “Sensational and luxurious home located directly on the lower Pines ski access trail! Features include 6 bedroom suites, 6.5 baths, 6050 square feet, elegant finishes, vaulted ceilings, wood-burning fireplace in the great room, gourmet kitchen with sitting area & gas fireplace, 8 additional fireplaces, media room, exercise room, ski room, 700 square foot three car garage, patio with built-in BBQ, fire pit, sunken hot tub, waterfall, beautiful landscaping, dramatic views, and excellent privacy.!” 2015 Taxes: $23,593; HOA Dues: $5,700. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/14/2015; Sold Date: 03/16/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Hyman Mall)

MLS #136801 – Divide, Snowmass, 321 Aspen Way, Snowmass Village, CO: Sold Price: $7,297,500/$1,366 sq ft; furnished. More details below photos.

MLS #136801 – Divide, Snowmass, 321 Aspen Way, Snowmass Village, CO: Sold Price: $7,297,500/$1,366 sq ft; furnished; Asking Price: $7,995,000. (Original Price: $7,995,000 and 117 days on the market since 11/21/2014.) This is a 1995 built, 7 bedroom/6 bath/1 half-bath, 5,340 sq ft single family home with 2 car garage on a 71,874 sq ft lot. Broker comments are “One of the very best ski in and out locations in Snowmass Village. Located directly off of Dawdler ski run in the prestigious Divide subdivision, this beautiful mountain home embraces all that makes up an incredible family ski retreat. Its majestic stone and timber exterior with expansive decks and porches fits right in on the Colorado slopes. Inside you will find a wonderful great room and grand dining room, perfect for entertaining. A gourmet kitchen and adjoining family room are well suited for the more casual family gatherings. The master suite is spectacular with its cozy fireplace, sumptuous bath with steam shower and jacuzzi and its own private deck overlooking the ski slopes. A convenient adjoining office accommodates your business and household matters.” 2014 Taxes: $19,736; HOA Dues: $5,485. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/17/2015; Sold Date: 03/18/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)

MLS #137550 – Country Club Homes, Snowmass, 700 Snowmass Club Circle 85, Snowmass Village, CO: Sold Price: $3,100,000/$1,050 sq ft; furnished. More details below photos.

MLS #137550 – Country Club Homes, Snowmass, 700 Snowmass Club Circle 85, Snowmass Village, CO: Sold Price: $3,100,000/$1,050 sq ft; furnished; Asking Price: $3,300,000. (Original Price: $3,300,000 and 36 days on the market since 02/09/2015.) This is a 1988 built and 2014 remodeled, 4 bedroom/4 bath, 2,950 sq ft condo with 2 car garage. Broker comments are “Spectacular Mountain Contemporary townhome with windows galore, capturing dramatic views of the Snowmass Ski Area and surrounding mountain scenery. Raised roof and accordion doors off the great room open onto the snowmelt upper deck expanding the living area overlooking Brush Creek. The townhome impeccably redesigned by award winning Anne Grice Interiors and built by Doug Throm Construction to create volume, enhance comfort and maximize functional living spaces. The townhome is equipped with Central a/c, radiant heat, new deck with hot tub overlooking adjacent open space and Brush Creek, Crestron lighting system, motorized solar shades with additional black out shades in bedrooms, Sonos sound system, 8’ interior doors, all new exterior doors and windows, rubber mat between floors additional insulation between units for enhanced sound protection.” 2014 Taxes: $8,003; HOA Dues: $20,170. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/23/2015; Sold Date: 03/17/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)

MLS #132633 – Timberline, Snowmass, 690 Carriage Way C1b, Snowmass Village, CO: Sold Price: $307,000/$446 sq ft; furnished. More details below photos.

MLS #132633 – Timberline, Snowmass, 690 Carriage Way C1b, Snowmass Village, CO: Sold Price: $307,000/$446 sq ft; furnished; Asking Price: $329,700. (Original Price: $410,000 and 425 days on the market since 01/11/2014.) This is a 1972 built and 1999 remodeled, 1 bedroom/1 bath/1 half-bath, 688 sq ft condo. Broker comments are “Ski in & out of this beautifully remodeled one bedroom plus rare extra half bath Timberline. Exquisite furnishing and accessories for rental or owner use.” 2014 Taxes: $1,414; HOA Dues: $760. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/02/2015; Sold Date: 03/12/2015.(Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)

No Photos in MLS for this Castle Creek Single Family Vacant Lot.
MLS #138073 – Single Family Vacant Lot, Castle Creek, West Aspen, Tbd S Hayden Road, Aspen, CO: Sold Price: $5,750,000; Asking Price: $6,000,000. (Original Price: $6,000,000 and 234 days on the market since 07/15/2014.) This is a 435,600 sq ft single family lot in Aspen. Broker comments are”Sold before MLS”. 2013 Taxes:$20,006. Under Contract Date: 07/15/2014; Sold Date: 03/06/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Hyman Mall)

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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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