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 11, March 8 – 15, 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 (15):MLS #’s: 101336,137264,137214,132032,132393,134070,134385,134386,136298,136435,136476,136925,136940,137962,138035. This link is valid until 04/13/2015.

Under Contract/Pending (7):MLS#’s:137870,130303,132380,132880,136183,137031,137939. This link is valid until 04/13/2015.

Aspen Snowmass Solds Last Week:

MLS #132393 – Fox Crossing, Smuggler Area, 505 Walnut Street, Aspen, CO: Sold Price: $4,400,000/$963 sq ft; furnished. More details below photos.

MLS #132393 – Fox Crossing, Smuggler Area, 505 Walnut Street, Aspen, CO: Sold Price: $4,400,000/$963 sq ft; furnished; Asking Price: $4,500,000. (Original Price: $5,700,000 and 486 days on the market since 11/05/2013.) This is a 2008 built and 2013 remodeled, 5 bedroom/5 bath/2 half-bath, 4,565 sq ft single family home with 2 car garage on a 4,356 sq ft lot. Broker comments are “Walk to town in four and a half minutes-1/4 mile-550 steps Rarely is it possible to have Aspen’s most dynamic views coupled with nearby downtown convenience. This recently constructed home features unobstructed Aspen Mountain views with, a flexible layout that lends itself to both intimate living and large family gatherings. Two large decks off both the Living Room and Kitchen make outdoor entertaining a joy. Add to that covered indoor/outdoor room complete with gas fireplace and access to the private backyard area. New finishes and furnishings make this a ”must see”.” 2012 Taxes: $13,504; HOA Dues: $1,225. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/21/2015; Sold Date: 03/06/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)

MLS #138035 – North of Nell, Central Core, 555 E Durant Avenue 4D, Aspen, CO: Sold Price: $1,512,500/$1,609 sq ft; furnished. More details below photos.

MLS #138035 – North Nell Bldg, Central Core, 555 E Durant Avenue 4D, Aspen, CO: Sold Price: $1,512,500/$1,609 sq ft; furnished; Asking Price: $1,512,500. (Original Price: $1,512,500 and 17 days on the market since 02/24/2015.) This is a 1965 built and 2014 remodeled, 1 bedroom/1 bath, 940 sq ft condo with 1 car garage. The complex is adjacent to the Aspen Mountain Gondola. Broker comments are “Location Location Location It doesn’t get any better than this. This top floor, 940 sf one bedroom, plus Den, has unobstructed views of Ajax mountain. Remodeled in 2014 and complete with underground parking.” 2014 Taxes: $4,272; HOA Dues: $1,345. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/27/2015; Sold Date: 03/13/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)

MLS #132032 – Park Circle, Smuggler Area, 409 Park Circle Unit 3, Aspen, CO: Sold Price: $1,035,000/$628 sq ft. More details below photos.

MLS #132032 – Park Circle, Smuggler Area 409 Park Circle Unit 3, Aspen, CO: Sold Price: $1,035,000/$628 sq ft; Asking Price: $1,075,000. (Original Price: $1,299,000 and 490 days on the market since 11/04/2013.) This is a 2008 built and 2013 remodeled, 5 bedroom/5 bath/2 half-bath, 4,565 sq ft single family home with 2 car garage on a 4,356 sq ft lot. Broker comments are “Walk to town in four and a half minutes-1/4 mile-550 steps Rarely is it possible to have Aspen’s most dynamic views coupled with nearby downtown convenience. This recently constructed home features unobstructed Aspen Mountain views with, a flexible layout that lends itself to both intimate living and large family gatherings. Two large decks off both the Living Room and Kitchen make outdoor entertaining a joy. Add to that covered indoor/outdoor room complete with gas fireplace and access to the private backyard area. New finishes and furnishings make this a ”must see”.” 2012 Taxes: $13,504; HOA Dues: $1,225. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/21/2015; Sold Date: 03/06/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)

MLS #101336 – Eastwood Subdivision, East Aspen, Single Family lot, Tbd Eastwood Drive, Aspen, CO: Sold Price: $950,000. More details below photo.

MLS #101336 – Eastwood Sub, East Aspen, Single Family vacant lot, Tbd Eastwood Drive, Aspen, CO: Sold Price: $950,000; Asking Price: $1,050,000. (Original Price: $3,200,000 and 2,728 days on the market since 09/20/2007.) This is a 15,143 sq ft single family lot in the Eastwood subdivision. The lot has issues: compromised driveway access and power line obstructions…How and if these have been resolved is unknown at present. Broker comments are, “Beautiful wooded lot overlooking the city of Aspen and Ajax Mountain. Never been built on 15,000 sf lot with approximately 3185 sq/ft of FAR above grade. Just a short walk to Aspen or access Dial-A-Ride.” 2012 Taxes: $20,874. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/20/2015; Sold Date: 03/13/2015.(Photos and broker comments courtesy of Coldwell Banker Mason Morse)

MLS #136435 – Aspen Townhouse, Central Core, 108 W Hyman Avenue # 7, Aspen, CO: Sold Price: $950,000/$1,099 sq ft; unfurnished. More details below photos.

MLS #136435 – Aspen Townhouse, Central Core, 108 W Hyman Avenue # 7, Aspen, CO: Sold Price: $950,000/$1,099 sq ft; unfurnished;Asking Price: $1,003,000. (Original Price: $1,150,000 and 144 days on the market since 10/17/2014.) This is a 1969 built, 2 bedroom/2 bath/1 half-bath, 864 sq ft condo. Broker comments are “Perfect pied-a-terre! Spectacular location only 2 blocks from Aspen Core with two assigned off street parking places. Enjoy terrific views of Ajax Mt. from deck overlooking large landscaped yard in this cozy 2 bedroom 1 1/2 bath town home with hard wood floors, washer & dryer, wood burning fireplace, large storage locker, dogs and short term rentals allowed. Enjoy the quiet neighborhood with the convenience of being able to walk anywhere in town. Lovely intimate town home complex.” 2014 Taxes: $1,386; HOA Dues: $1,125. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/09/2015; Sold Date: 03/10/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)

MLS #134070 – Pioneer Condos, Central Core, 915 E Hopkins Avenue 4, Aspen, CO: Sold Price: $940,000/$934 sq ft; unfurnished. More details below photos.

MLS #134070 – Pioneer Condos, Central Core, 915 E Hopkins Avenue 4, Aspen, CO: Sold Price: $940,000/$934 sq ft; unfurnished; Asking Price: $998,000. (Original Price: $1,050,000 and 317 days on the market since 04/28/2014.) This is a 1974 built, 1 bedroom/2 bath, 1,006 sq ft condo on a 1,006 sq ft lot. Broker comments are “Downtown convenience in this appealing two story condominium allows for a short stroll to town center or the gondola plaza. Experience multi level views that oversee both Aspen and Shadow Mountain. This residence was remodeled in 2007 and is one of the best values around.” 2013 Taxes: $1,606; HOA Dues: $750. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/26/2014; Sold Date: 03/11/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)

MLS #137264 – Christiana Aspen, West End, 501 W Main Street A105, Aspen, CO: Sold Price: $685,000/$1,121 sq ft; furnished. More details below photos.

MLS #137264 – Christiana Aspen, West End, 501 W Main Street A105, Aspen, CO: Sold Price: $685,000/$1,121 sq ft; furnished; Asking Price: $715,000. (Original Price: $715,000 and 56 days on the market since 01/14/2015.) This is a 2003 built, 1 bedroom/1 bath, 611 sq ft condo. Broker comments are “Enjoy luxury living and the benefits of newer construction in this spacious, well-appointed 611 sq ft condominium. Highlights include high ceilings, central A/C, hardwood and granite floors, gas fireplace, stainless appliances, marble bath w/ double vanity and jacuzzi tub, California Closets, easy parking and a tremendous amount of storage (two separate, secured spaces in the basement). The Christiana is situated in the historic West End neighborhood – within walking distance to shops, restaurants and the Music Tent. Or catch the free shuttle just outside your door. The central courtyard of the complex is beautifully landscaped with a stream and waterfall that overlook the pool and hot tub. A delight to show!” 2014 Taxes: $1,728; HOA Dues: $464. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/11/2015; Sold Date: 03/11/2015. (Photos and broker comments courtesy of BJ Adams and Company – Aspen)

MLS #137962 – Independence Square, Central Core, 404 S Galena Street 303, Aspen, CO: Sold Price: $570,000/$1,425 sq ft; furnished. More details below photo.

MLS #137962 – Independence Sqr, Central Core, 404 S Galena Street 303, Aspen, CO: Sold Price: $570,000/$1,425 sq ft; furnished; Asking Price: $570,000. (Original Price: $570,000 and 7 days on the market since 02/16/2015.) This is a 1889 built and 2005 remodeled,1 bath, 400 sq ft condo on a 50,000 sq ft lot. Broker comments are “The Iconic Corner Unit of the historic Independence Building, above Ralph Lauren overlooking Cooper Ave Mall & Paradise bakery. Views of Ajax Mountain. Nicely appointed and cozy – Mountain Rustic charm makes this a highly requested rental unit.” 2005 Taxes: $1,343; HOA Dues: $10,000. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/16/2015; Sold Date: 02/23/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)

MLS #137214 – Wood Run, Snowmass, 19 Bridge Lane, Snowmass Village, CO: Sold Price: $5,495,000/$1,222 sq ft. More details below photos.

MLS #137214 – Wood Run, Snowmass, 19 Bridge Lane, Snowmass Village, CO: Sold Price: $5,495,000/$1,222 sq ft; Asking Price: $5,495,000. (Original Price: $5,495,000 and 61 days on the market since 01/06/2015.) This is a 2010, 3 bedroom/3 bath, 1,646 sq ft condo. Broker comments are “Remodeled in 2010 and rented as 2 separate units for a total of $4,600 per month. Live in one and rent the other. Three levels-3 bedrooms, 3 baths. Brand new kitchen, bathroom and hardwood floor, California closets and 2 washer/dryer sets. Sunny and South facing with a gas stove. Pets allowed-owner and tenant.” 2014 Taxes: $2,353; HOA Dues: $950. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/06/2015; Sold Date: 03/09/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Basalt)

MLS #136925 – Country Club Homes, Snowmass, 0052 Harleston Green 39, Snowmass Village, CO: Sold Price: $1,645,000/$747 sq ft; furnished. More details below photos.

MLS #136925 – Country Club Homes, Snowmass, 0052 Harleston Green 39, Snowmass Village, CO: Sold Price: $1,645,000/$747 sq ft; furnished; Asking Price: $1,665,000. (Original Price: $1,665,000 and 102 days on the market since 12/01/2014.) This is a 1982 built and 2014 remodeled, 2 bedroom/2 bath, 2,200 sq ft condo with 1 car garage. Broker comments are “Lovely townhome recently remodeled in 2014 to include hardwood floors on main level; new baths, decks, carpet. Living room bumped out for additional sq ft, walk in closet master bedroom, vaulted ceiling in living room make this a very desirable floor plan. Outdoor spa on newly expanded deck overlooking ski area. Loft improved to add additional sleeping area. Den could be 3rd bedroom. Short walk to shuttle bus & Snowmass Club” 2013 Taxes: $3,241; HOA Dues: $14,444. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/12/2015; Sold Date: 03/13/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)

MLS #134386 – Viceroy, Snowmass, 130 Wood Road 513, Snowmass Village, CO: Sold Price: $759,000/$723 sq ft; furnished. More details below photos.

MLS #134386 – Viceroy, Snowmass, 130 Wood Road 513, Snowmass Village, CO: Sold Price: $759,000/$723 sq ft; furnished; Asking Price: $799,000. (Original Price: $799,000 and 469 days on the market since 11/27/2013.) This is a 1 bedroom/2 bath, 1,049 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: $6,149; HOA Dues: $6,617. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/26/2015; Sold Date: 03/11/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)

MLS #136476 – Enclave Condominiums, Snowmass, 360 Wood Road 312, Snowmass Village, CO: Sold Price: $750,000/$707 sq ft; furnished. More details below photos.

MLS #136476 – Enclave, Snowmass, 360 Wood Road 312, Snowmass Village, CO: Sold Price: $750,000/$707 sq ft; furnished; Asking Price: $795,000. (Original Price: $795,000 and 138 days on the market since 10/22/2014.) This is a 1977 built and 2005 remodeled, 2 bedroom/2 bath, 1,060 sq ft condo. Broker comments are “Desirable two bedroom, top floor, vaulted ceilings with great views up the mountain and of the ski area. Located adjacent to the Base Village and Gondola for superb ski access. Tastefully remodeled and ready to start enjoying this ski season!!!” 2014 Taxes: $3,202; HOA Dues: $18,817. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/03/2015; Sold Date: 03/09/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)

MLS #136940 – Country Club Villas, Snowmass, 294 Snowmass Club Circle 1209, Snowmass Village, CO: Sold Price: $750,000/$405 sq ft; furnished. More details below photos.

MLS #136940 – Country Club Villas, Snowmass, 294 Snowmass Club Circle 1209, Snowmass Village, CO: Sold Price: $750,000/$405 sq ft; furnished; Asking Price: $799,000. (Original Price: $850,000 and 101 days on the market since 12/01/2014.) This is a 1981 built, 4 bedroom/2 bath/1 half-bath, 1,850 sq ft condo. Broker comments are” Located adjacent to the Snowmass Golf Course, across the street from the world-renowned Snowmass Club (pools, tennis, athletic club, spa, restaurant, kids-club), and just a short shuttle ride to the slopes. This top floor, 3 bedroom plus an attic/loft room, is one of the best values in Snowmass. Open floorplan, light, bright with room for the family and friends. The large deck overlooks golf course, has excellent views of the slopes and Mt. Daly. Laundry room inside unit. Warm up in the sauna at the end of the day – or possibly convert the sauna to stairs and make the attic a conforming 4th bedroom! Sold furnished. Includes one covered parking space & Gold Membership to Snowmass Club. 2 Pets allowed for owners.” 2013 Taxes: $2,870; HOA Dues: $4,938. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/27/2015; Sold Date: 03/12/2015.(Photos and broker comments courtesy of McKinley Sales)

MLS #134385 – Viceroy, Snowmass, 130 Wood Road 508, Snowmass Village, CO: Sold Price: $455,000/$827 sq ft; furnished. More details below photos.

MLS #134385 – Viceroy, Snowmass, 130 Wood Road 508, Snowmass Village, CO: Sold Price: $455,000/$827 sq ft; furnished; Asking Price: $492,000. (Original Price: $492,000 and 446 days on the market since 11/27/2013.) This is a 1 bedroom/1 bath, 550 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: $3,223; HOA Dues: $3,469. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/13/2015; Sold Date: 03/04/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)

MLS #136298 – Country Club Villas, Snowmass, 294 Snowmass Club Circle I-304, Snowmass Village, CO: Sold Price: $449,900/$499 sq ft; unfurnished. More details below photos.

MLS #136298 – Country Club Villas, Snowmass, 294 Snowmass Club Circle I-304, Snowmass Village, CO: Sold Price: $449,900/$499 sq ft; unfurnished; Asking Price: $479,900. (Original Price: $588,500 and 155 days on the market since 10/06/2014.) This is a 1981 built, 1 bedroom/1 bath, 900 sq ft condo. Broker comments are “SOLD AS-IS*BUYER TO VERIFY HOA*ALLOW 72 HRS FOR OFFER RESPONSE*REO – Outstanding value for this top floor, corner Villa with golf course views! This condo offers 1 bedroom, 1 bathroom, private garage, high ceilings, fireplace, bright open floor plan, & so much more! Great location near clubhouse, golf course, & bus line. Excellent amenities include newly remodeled clubhouse, on-site property management, pool, shuttle service, ski locker storage, & gold membership available. Don’t miss out on his great Snowmass Village condo!” 2013 Taxes: $1,599; HOA Dues: $2,646. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/03/2015; Sold Date: 03/10/2015.(Photos and broker comments courtesy of Mercury Alliance Mountain 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 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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