The Estin Report: April and YTD 2015 Aspen Snowmass Real Estate Market Snapshot was released late Monday, May 4, 2015 inCurrent Reports
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.
See recent Before/After redevelopment ‘flip job’ examplesin Miscellaneous Info. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (last -05/07/15) 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 21, May 17 – 24, 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 (10):MLS #’s:137805,124796,126239,128604,132380,132919,133277,136007,137030,138829. This link is valid until 06/23/2015.
Under Contract/Pending (7):MLS#’s:137548,128301,134731,136237,137134,138884,138977. This link is valid until06/23/2015.
Aspen Snowmass Solds Last Week:
MLS #126239 – Ridge of Red Mt, Red Mountain, 27 Nighthawk Drive, Aspen, CO: Sold Price: $5,600,000/$1,066 sq ft; furnished. More details below photos.
MLS #126239 – Ridge of Red Mt, Red Mountain, 27 Nighthawk Drive, Aspen, CO: Sold Price: $5,600,000/$1,066 sq ft; furnished; Asking Price: $5,995,000. (Original Price: $6,400,000 and 922 days on the market since 07/02/2012.) This is a 2002 built, 4 bedroom/4 bath/2 half-bath, 5,250 sq ft single family home with 2 car garage on a 15,681 sq ft lot. Views have the ridge line and homes in the foreground, not an open 180 degree jaw-dropping view of the town and mountain panorama, like many Red Mountain properties. Broker comments are “An easily accessible flat lot on the coveted Ridge of Red Mountain is home to a beautiful 4 bedroom property. Built in 2002 the home features an oversized private master suite. A spacious guest suite and an open kitchen with adjacent breakfast nook and dining area. A second family area complete with a pub-styled bar and walk-in wine room. Stadium seating in the home theater and an oversized two car garage with loft storage round out the features of the lovely home. Patios and terraces wrap the front of the home and enjoy south facing views. Outdoor grill, fire pit and hot tub make this the perfect year round retreat.” 2013 Taxes: $10,167; HOA Dues: $630 per Year. Under Contract Date: 04/03/2015; Sold Date: 05/18/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #124796 – Single Family Vacant Lot, Red Mountain, 1347 Red Mountain Road, Aspen, CO: Sold Price: $4,500,000. More details below photos.
MLS #124796 – Single Family Vacant Lot, Red Mountain, 1347 Red Mountain Road, Aspen, CO: Sold Price: $4,500,000; Asking Price: $5,000,000. (Original Price: $5,000,000 and 2,352 days on the market since 07/02/2007.) This is a 51,038 sq ft single family lot in Aspen. Broker comments are “Prestigious Red Mountain building site with unobstructed open panoramic mountain and town views. This 1.17 acre site offers dramatic views from Independence to Sopris Mountain . Southern Exposure along with mature Aspens makes this one a gem. Opportunity to build 5,750 s/f above grade with ability to purchase TDR for additional 4,000 s/f below grade.” 2012 Taxes: $46,943. Under Contract Date: 01/09/2014; Sold Date: 05/15/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #128604 – Mtn Valley, East Aspen, 552 Mountain Laurel, Aspen, CO: Sold Price: $3,100,000/$1,160 sq ft; furnished. More details below photos.
MLS #128604 – Mtn Valley, East Aspen, 552 Mountain Laurel, Aspen, CO: Sold Price: $3,100,000/$1,160 sq ft; furnished; Asking Price: $3,300,000. (Original Price: $3,600,000 and 814 days on the market since 02/05/2013.) This is a 1974 built and 2011 remodeled, 4 bedroom/3 bath/1 half-bath, 2,672 sq ft single family home with 2 car garage on a 20,599 sq ft lot. Impecaably maintained with large fully fenced yard. Broker comments are “Relax on the deck as the spectacular sunsets present a different show each and every day! Views of not only Aspen Mountain and Mt. Sopris, but also Independence Pass. Exquisitely cared for inside and out, this mountain home with its over-sized yard is award-winning. Located a few minutes east of Aspen, skiing, hiking, biking are easily accessed. House can be expanded to 5750sqft.” 2013 Taxes: $4,974; HOA Dues: $200 per Year. Under Contract Date: 03/31/2015; Sold Date: 05/21/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #132380 – Chateau Dumont, Central Core, 715 E Durant Avenue 8, Aspen, CO: Sold Price: $1,137,500/$1,197 sq ft; furnished. More details below photos.
MLS #132380 – Chateau Dumont, Central Core, 715 E Durant Avenue 8, Aspen, CO: Sold Price: $1,137,500/$1,197 sq ft; furnished; Asking Price: $1,250,000. (Original Price: $1,250,000 and 521 days on the market since 12/05/2013.) This is a 1968 built and 2012 remodeled, 2 bedroom/2 bath, 950 sq ft condo. This condo will be directly impacted by the pending Sky Hotel renovation that may begin as ealry as fall 2015 with construction lasting approx 2 years. When that is completed, this unit is likely to greatly benefit with this caveat: a 4th story on the Sky Hotel will further block Aspen Mountain views from this unit and a rooftop Sky Hotel deck may be a noise issue for this, and other Dumont, units. Proximity to Aspen Gondola skiing is what this unit is all about. Broker comments are “Rare second floor, south facing corner unit with dramatic views up Aspen Mountain. Fully refurbished, this unit features all new cabinetry, stainless steel appliances and granite counter-tops. Airy and bright, Chateau DuMont #8 has an A-1 location just steps from the Silver Queen Gondola and Aspen Mountain.” 2012 Taxes: $2,724; HOA Dues: $1,566 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/13/2015; Sold Date: 05/14/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #137805 – Hunter Creek, Smuggler, 1115 Vine Street, Aspen, CO: Sold Price: $565,000/$724 sq ft. More details below photos.
MLS #137805 – Hunter Creek, Smuggler, 1115 Vine Street, Aspen, CO: Sold Price: $565,000/$724 sq ft. Asking Price: $569,000. (Original Price: $569,000 and 87 days on the market since 02/24/2015.) This is a 1980 built, 2 bedroom/1 bath, 780 sq ft condo. Hunter Creek condos are on the practically 24/7 bus shuttle line to town and Aspen Mountain. Broker comments are “Very clean and private, 2 Bedroom unit. This ground floor condo backs up to a grassy area in the quiet corner of the Hunter Creek complex. Great morning light and easy living – close to the tennis courts and swimming pools. Wood burning fireplace – great remodel potential.” 2014 Taxes: $1,044; HOA Dues: $303 per Month. Under Contract Date: 04/17/2015; Sold Date: 05/22/2015. (Photos and broker comments courtesy of Aspen Real Estate Company)
MLS #138829 – Aspen View, East Aspen, 326 Midland Avenue 205, Aspen, CO: Sold Price: $545,000/$873 sq ft. More details below photo.
MLS #138829 – Aspen View, East Aspen, 326 Midland Avenue 205, Aspen, CO: Sold Price: $545,000/$873 sq ft. Asking Price: $575,000. (Original Price: $575,000 and 17 days on the market since 05/01/2015.) This is a 1971 built, 1 bedroom/1 bath, 624 sq ft condo. Broker comments are “Property is under contract.” 2014 Taxes: $982; HOA Dues: $1,073 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/01/2015; Sold Date: 05/18/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Willits)
MLS #136007 – Ridge, Snowmass Village, 229 Faraway Road Unit 6, Snowmass Village, CO: Sold Price: $1,900,000/$842 sq ft; furnished. More details below photos.
MLS #136007 – Ridge, Snowmass Village, 229 Faraway Road Unit 6, Snowmass Village, CO: Sold Price: $1,900,000/$842 sq ft; furnished; Asking Price: $2,149,000. (Original Price: $2,350,000 and 259 days on the market since 09/04/2014.) This is an 1982 built and 2014 remodeled, 3 bedroom/3 bath, 2,254 sq ft condo. Broker comments are “This is an ABSOLUTE must-see townhome at The Ridge. The 3 bedroom/3 bath townhome offers direct ski-in/ski-out access to Snowmass Ski Area. Soak in the spectacular views of Mt. Daly and the Snowmass ski slopes. Situated on two levels, this property has been totally remodeled and newly furnished and enjoys abundant natural light and sophistication. The property comes with dedicated covered parking and additional storage. The exterior of The Ridge was renovated in recent years with beautiful stone and wood accents. The property lives like a home with the convenience of townhouse living. There is nothing like it in this price range on the ski slopes of Snowmass Village.” 2014 Taxes: $4,346; HOA Dues: $17,404 per year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/25/2015; Sold Date: 05/21/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #133277- Terrace House, Snowmass Village, 65 Campground Lane 95, Snowmass Village, CO: Sold Price: $550,000/$605 sq ft; furnished. More details below photos.
MLS #133277– Terrace House, Snowmass Village, 65 Campground Lane 95, Snowmass Village, CO: Sold Price: $550,000/$605 sq ft; furnished; Asking Price: $595,000. (Original Price: $695,000 and 429 days on the market since 03/12/2014.) This is an 1972 built and 2012 remodeled, 2 bedroom/2 bath, 908 sq ft condo. Broker comments are “Top Floor, corner, 2 bedroom, 2 bathroom condo that has been beautifully renovated with high soaring ceilings and great views. Only steps away from Fanny Hill in Snowmass and located next door to the Stonebridge Inn where owners and guests of this property enjoy usage of their heated pool, hot tubs and work out facilities. The Terrace House also has its own amazing hot tub that mimics a hot spring. Walk to the Snowmass Mall or the new Base Village area, you can not beat the central location.” 2013 Taxes: $1,853; HOA Dues: $9,104 per year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/08/2015; Sold Date: 05/15/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #137030 – Seasons 4, Snowmass Village, 65 Campground Lane 95, Snowmass Village, CO: Sold Price: $400,000/$429 sq ft; furnished. More details below photos.
MLS #137030 – Seasons 4, Snowmass Village, 65 Campground Lane 95, Snowmass Village, CO: Sold Price: $400,000/$429 sq ft; furnished; Asking Price: $425,000. (Original Price: $450,000 and 160 days on the market since 12/09/2014.) This is an 1971 built, 2 bedroom/2 bath, 931 sq ft condo. Broker comments are “Currently the least expensive 2 bedroom 2 bathroom at the Season’s 4. Great split level design with private master suite on upper floor. Lots of volume and space on the main floor with an open floor plan and vaulted ceilings. Amenities include assigned parking, easy access to public transportation and a heated pool and hot tub. Very low HOA dues for Snowmass Village!” 2013 Taxes: $1,012; HOA Dues: $1,415 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/12/2015; Sold Date: 05/18/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #132919 – Timberline, Snowmass Village, 690 Carriage Way, B-2f, Snowmass Village, CO: Sold Price: $325,000/$473 sq ft; furnished. More details below photos.
MLS #132919 – Timberline, Snowmass Village, 690 Carriage Way, B-2f, Snowmass Village, CO: Sold Price: $325,000/$473 sq ft; furnished; Asking Price: $339,500. (Original Price: $399,000 and 1,131 days on the market since 12/23/2009.) This is an 1972 built and 2013 remodeled, 1 bedroom/1 bath, 687 sq ft condo. Broker comments are “This is the ski-in/ski-out opportunity you have been looking for! Steps away from Fanny Hill ski run. Recently remodeled with granite counters throughout, new carpet, paint and furnishings. Rated deluxe(8 out of 10), thus high priority for rental pool. Excellent management with full services including airport pickup, daily housekeeping and concierge. Ground level close to new heated pool and 2 hot tubs, fitness center, steam room and more. On site restaurant and bar open winter and summer!” 2013 Taxes: $1,276; HOA Dues: $760 per Month. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/16/2015; Sold Date: 05/15/2015.(Photos and broker comments courtesy of Leverich & Carr)
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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 by email.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:“The Estin Report on Aspen Real Estate.”
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