The Estin Report: Q1 2017 & 2016 Year: State of the Aspen and Snowmass Village Real Estate Market has just been released in Current Reports. The 30-Page report is available on-line as PDF and will be available in a print edition distributed in kiosks around town and at the airport in about two weeks.

Starting with this week’s blog, I’ll be adding a “Read more” link underneath the first of last week’s sold properties displayed below. This will improve site performance.

The April 2017 Aspen Snowmass Real Estate Monthly Market Snapshot was posted in Current Reports on Wed. May 3rd. The Monthly Snapshots are usually posted on or near the 1st Monday of the month.

“Flip Job” Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (05/17/17) as additional re-sale properties come on the market at significantly higher prices.

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Market Activity Week 21, May 21 – 28, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr 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.  Scroll down the page for home 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 quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it’s about Aspen real estate, the information should be here.

Closed (9):  MLS#s 141963, 142401, 142777, 144426, 145834, 146951, 147352, 147902, 148384. This link is valid until 6/27/2017.

Under Contract/Pending (7): MLS#s 142982, 139662, 141344, 146585, 147155, 147674, 149019. This link is valid until 6/27/2017.

Aspen Snowmass Solds Last Week:  


MLS #148384 – Red Mountain, 120 Red Mountain Road, Aspen, CO. Sold Price: $9,600,000/$2,210 sq ft; furnished. More details below photos.
Aspen real estate 052817 148384 120 Red Mountain Road 1 590W  Aspen real estate 052817 148384 120 Red Mountain Road 2 590W  Aspen real estate 052817 148384 120 Red Mountain Road 3 190H Aspen real estate 052817 148384 120 Red Mountain Road 4 190H  Aspen real estate 052817 148384 120 Red Mountain Road 5 190H Aspen real estate 052817 148384 120 Red Mountain Road 6 190H
MLS #148384 – Red Mountain, 120 Red Mountain Road, Aspen, CO. Sold Price: $9,600,000/$2,210 sq ft; furnished. Aspen single family residence for sale. Ask Price: $9,925,000. (Original Price: $9,925,000 and 88 days on the market since 02/23/2017. The sellers paid $8.16M on 02/26/16.) This is a 1968 built and 2016 remodeled, 4 bedroom/5 bath/1 half-bath, 4,342 sq ft single family residence with 2 car garage on a 30,672 sq ft lot. This is a 1960’s ski house turned into a 2016 retro cool like-new home. Broker comments are “Located at the base of Red Mountain, this fashionable four bedroom, five and one half bath luxury home just underwent a complete remodel. Featuring open living area with vaulted ceilings, gas fireplace and spectacular views extending out to a spacious deck. State of the art kitchen with stainless steel appliances and adjoining dining area with seating for eight and a cozy wood-burning fireplace. Extensive master suite with office, sitting area, gas fireplace, walk-in closet and master bath with his and hers vanities, steam shower and soaking tub. Amazing extras include a media room, hot tub overlooking Hunter Creek, an expansive mud room with storage and a two car garage.” 2016 taxes: $12,926. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/05/2017; Sold Date: 05/22/2017. (Photos and broker comments courtesy of Whitman Fine Properties)

MLS #147902 – Fox Crossing, Smuggler, 566 Race Street, Aspen, CO. Sold Price: $3,990,000/$1,059 sq ft; furnished. More details below photos.
Aspen real estate 052817 147902 566 Race Street 1 590W  Aspen real estate 052817 147902 566 Race Street 2 590W  Aspen real estate 052817 147902 566 Race Street 3 190H Aspen real estate 052817 147902 566 Race Street 4 190H  Aspen real estate 052817 147902 566 Race Street 5 190H Aspen real estate 052817 147902 566 Race Street 6 190H
MLS #147902 – Fox Crossing, Smuggler Area, 566 Race Street, Aspen, CO. Sold Price: $3,990,000/$1,059 sq ft; furnished. Aspen single family residence for sale. Ask Price: $3,990,000. (Original Price: $3,990,000 and 323 days on the market since 07/05/2016.) This is a 2007 built, 4 bedroom/4 bath/1 half-bath, 3,765 sq ft single family residence with 2 car garage on a 3,733 sq ft lot. Fox Crossing subdivision is within walking distance into town and a convenient bus shuttle system, to town and return, is nearby. Broker comments are “Nestled in the heart of one of Aspen’s great neighborhoods this four bedroom home has spectacular views of Aspen Mountain and offers excellent convenience to downtown. The upper level living and entertaining space enjoys great sun and views, while the main level master suite and hot tub provide for ultimate relaxation. The lower level includes a large recreation/family room and three ensuite bedrooms. An elevator and a two car garage round out this perfect mountain home. The home is offered furnished so you can move in the day of closing!” 2016 taxes: $9,914; HOA Dues: $1,592 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/15/2017; Sold Date: 05/19/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #147352 – Villas of Aspen, West End, 100 N 8TH Street 33, Aspen, CO. Sold Price: $2,525,000/$1,256 sq ft; furnished. More details below photos.
Aspen real estate 052817 147352 100 N 8TH Street 33 1 590W  Aspen real estate 052817 147352 100 N 8TH Street 33 2 590W  Aspen real estate 052817 147352 100 N 8TH Street 33 3 190H Aspen real estate 052817 147352 100 N 8TH Street 33 4 190H  Aspen real estate 052817 147352 100 N 8TH Street 33 5 190H Aspen real estate 052817 147352 100 N 8TH Street 33 6 190H
MLS #147352 – Villas of Aspen, West End, 100 N 8TH Street 33, Aspen, CO. Sold Price: $2,525,000/$1,256 sq ft; furnished. Aspen condo for sale. Ask Price: $2,800,000. (Original Price: $2,995,000 and 127 days on the market since 01/17/2017.) This is a 1972 built, 3 bedroom/3 bath/1 half-bath, 2,010 sq ft condo. This complex is located off the western edge of Main St near the “S” turn. Broker comments are “Location, location. This may be the best located Villa in the complex. Wide views of Tiehack and Buttermilk. A deck with hot tub outside the living room lets you soak in the Colorado views and sounds of the river. The main level living room was completely redone a few years ago. Seller has found a replacement property, so is motivated. Pets allowed.” 2016 taxes: $5,061; HOA Dues: $1,100 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/06/2017; Sold Date: 05/24/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #146951 – Aspen Villas, West End, 814 W Bleeker Street E-2, Aspen, CO. Sold Price: $1,220,000/$899 sq ft; partial-furnished. More details below photos.
Aspen real estate 052817 146951 814 W Bleeker Street E 2 1 590W  Aspen real estate 052817 146951 814 W Bleeker Street E 2 2 590W  Aspen real estate 052817 146951 814 W Bleeker Street E 2 3 190H Aspen real estate 052817 146951 814 W Bleeker Street E 2 4 190H  Aspen real estate 052817 146951 814 W Bleeker Street E 2 5 190H Aspen real estate 052817 146951 814 W Bleeker Street E 2 6 190H
MLS #146951 – Aspen Villas, West End, 814 W Bleeker Street E-2, Aspen, CO. Sold Price: $1,220,000/$899 sq ft; partial-furnished. Aspen condo for sale. Ask Price: $1,300,000. (Original Price: $1,300,000 and 158 days on the market since 12/12/2016.) This is a 1972 built and 2012 remodeled, 2 bedroom/2 bath, 1,357 sq ft condo. Like the Villas of Aspen (above), the Aspen Villas is located off the western edge of Main St near the “S” turn. Broker comments are “Up-to-date, contemporary townhome. Beautifully detailed. Storage g-a-l-o-r-e! Super convenient location. Upper floor is a complete master suite with spacious bath (tub and shower); walk-in closet; built-ins, including a desk. Lower level is 2nd bedroom with built-ins; huge closet; bath with a steam shower. Gas fireplace and assigned parking. Ideal for local or second homeowner.” 2016 taxes: $2,331; HOA Dues: $1,700 per Qtr. Under Contract Date: 04/01/2017; Sold Date: 05/19/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #145834 – Aspen Townhouse, Central Core, 108 W Hyman Avenue 2, Aspen, CO. Sold Price: $1,195,000/$1,238 sq ft; furnished. More details below photos.
Aspen real estate 052817 145834 108 W Hyman Avenue 2 1 590W  Aspen real estate 052817 145834 108 W Hyman Avenue 2 2 590W  Aspen real estate 052817 145834 108 W Hyman Avenue 2 3 190H Aspen real estate 052817 145834 108 W Hyman Avenue 2 4 190H  Aspen real estate 052817 145834 108 W Hyman Avenue 2 5 190H Aspen real estate 052817 145834 108 W Hyman Avenue 2 6 190H
MLS #145834 – Aspen Townhouse, Central Core, 108 W Hyman Avenue 2, Aspen, CO. Sold Price: $1,195,000/$1,238 sq ft; furnished. Aspen condo for sale. Ask Price: $1,300,000. (Original Price: $1,300,000 and 231 days on the market since 08/29/2016.) This is a 1969 built, 3 bedroom/2 bath, 965 sq ft condo. Broker comments are “This charming, light and bright, 2 level, 3 bedroom, 2 bath condominium is a short 3-block distance to downtown. Priced to sell allowing a new owner the flexibility to customize and make this a unit a fabulous downtown pied a Terre. Amenities include a gas fireplace, hardwood floors, living room skylight that fills the unit with sunshine, and 2 designated parking spaces. The exterior was recently remodeled and the complex has low HOA dues. In addition there is a flexible rental policy that allows pets for owners and tenants.” 2015 taxes: $3,018; HOA Dues: $1,437 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/12/2016; Sold Date: 04/17/2017. (Photos and broker comments courtesy of Compass)
MLS #144426 – Independence Square, Central Core, 404 S Galena Street 310, Aspen, CO. Sold Price: $555,000/$1,750 sq ft; furnished. More details below photos.
Aspen real estate 052817 144426 404 S Galena Street 310 1 590W  Aspen real estate 052817 144426 404 S Galena Street 310 2 590W  Aspen real estate 052817 144426 404 S Galena Street 310 3 190H Aspen real estate 052817 144426 404 S Galena Street 310 4 190H
MLS #144426 – Independence Square, Central Core, 404 S Galena Street 310, Aspen, CO. Sold Price: $555,000/$1,750 sq ft; furnished. Aspen condo for sale. Ask Price: $595,000. (Original Price: $575,000 and 418 days on the market since 07/14/2014.) This is a 1889 built and 2016 remodeled, 1 bath, 317 sq ft condo. These condos are rented out regularly and Independence Square is run as a condo hotel with full front desk management, services and amenities. Broker comments are “Recently remodeled with brand new kitchen, top floor unit in Independence Square, Aspen’s historic downtown condominium hotel. The kitchen features a Cambria countertop, shelving, inland marble backsplash, a Wolfe half size refrigerator, GE microwave and a 2 burner Miele stove top. The bathroom is elegantly appointed with his and her vanities, new bathroom fixtures, cabinetry and a marble bathroom shower/tub surround with seamless glass shower enclosure. All new owner’s locked closet and rental closet, new leopard carpet and furniture. Enjoy amazing light and Smuggler/Independence Pass views from this east-facing unit. Prime location on the Aspen mall: only one block to the Gondola and literal steps away to world class shopping and restaurants! Independence Square offers full-service accommodations, on-site front desk, rooftop deck, Jacuzzi, continental breakfast, plus many other amenities! Great rental potential.” 2016 taxes: $1,020; HOA Dues: $3,669 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/08/2017; Sold Date: 05/23/2017. (Photos and broker comments courtesy of Whitman Fine Properties)
MLS #142401 – Castle Creek, West Aspen, Tbd Midnight Mine Road, Aspen, CO. Sold Price: $260,000. More details below photos.
Aspen real estate 052817 142401 Tb Midnight Mine Road 1 590W  Aspen real estate 052817 142401 Tb Midnight Mine Road 2 590W  Aspen real estate 052817 142401 Tb Midnight Mine Road 3 190H Aspen real estate 052817 142401 Tb Midnight Mine Road 4 190H
MLS #142401 – Castle Creek, West Aspen, Tbd Midnight Mine Road, Aspen, CO. Sold Price: $260,000. Aspen single family vacant land for sale. Ask Price: $395,000. (Original Price: $450,000 and 1,875 days on the market since 04/05/2012.) This is a 10.11 acres single family vacant lot – it is a standard sized 10 acre mining clain on the backside of Aspen Mountain with maximum development potential for a 1,000 sq ft cabin. Broker comments are “Ready for back-country living? The Horseshoe Lode mining claim consists of 10 acres with good seasonal access and flat topography to build up to 1,000 sq. ft. of improvements. Pitkin County Activity Envelope approved December 2015. Call listing broker for a copy of the resolution, topographical survey, slope, soils and water reports. Cabin needs to be removed by 7/30/16.” 2016 taxes: $423. Under Contract Date: 01/27/2017; Sold Date: 05/25/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #142777 – Chaparral Ranch Sub, 834 Chaparral Drive, Woody Creek, CO. Sold Price: $2,300,000. More details below photos.
Aspen real estate 052817 142777 834 Chaparral Drive 1 590W  Aspen real estate 052817 142777 834 Chaparral Drive 2 590W  Aspen real estate 052817 142777 834 Chaparral Drive 3 190H Aspen real estate 052817 142777 834 Chaparral Drive 4 190H
MLS #142777 – Chaparral Ranch Subdivision, 834 Chaparral Drive, Woody Creek, CO. Sold Price: $2,300,000. Woody Creek single family vacant land for sale. Ask Price: $2,495,000. (Original Price: $2,495,000 and 2,076 days on the market since 04/25/2011.) This is a 35.05 acres single family vacant lot. Broker comments are “Authentic Colorado ranch living at its finest Located only minutes from downtown Aspen, Chaparral offers all the benefits of ranch living with none of the responsibilities. This spectacular 35 acre site features stunning views of the Elk Mountains while basking in all-day sun. Lot 6 is the highest building envelope in the ranch, offering extreme privacy, views while overlooking the pristine ranch property. A professional landscape plan complete with ponds, stream and irrigation system is included. Sale includes two Transferable Development Rights (TDR’s), TDR IR-99-44-ES and TDR IR-99-43-ES.” 2015 taxes: $112; HOA Dues: $39,747 per Yr. Under Contract Date: 02/21/2017; Sold Date: 05/23/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #141963 – Ridge Run Subdivision, 172 Antler Ridge Lane, Snowmass Village, CO: Sold Price: $3,600,000/$707 sq ft; furnished. More details below photos.
Aspen real estate 052817 141963 172 Antler Ridge Lane 1 590W  Aspen real estate 052817 141963 172 Antler Ridge Lane 2 590W  Aspen real estate 052817 141963 172 Antler Ridge Lane 3 190H Aspen real estate 052817 141963 172 Antler Ridge Lane 4 190H  Aspen real estate 052817 141963 172 Antler Ridge Lane 5 190H Aspen real estate 052817 141963 172 Antler Ridge Lane 6 190H
MLS #141963 – Ridge Run Subdivision, 172 Antler Ridge Lane, Snowmass Village, CO: Sold Price: $3,600,000/$707 sq ft; furnished. Snowmass Village single family residence for sale. Ask Price: $3,995,000. (Original Price: $4,695,000 and 482 days on the market since 12/08/2015. The sellers paid $4.4M on 6/22/06.) This is a 2001 built and 2015 remodeled, 5 bedroom/5 bath/2 half-bath, 5,091 sq ft single family residence with 2 car garage on a 43,124 sq ft lot. The property provides  ski in / ski out access. Broker comments are “Remodeled in 2015 this Mountain Contemporary home has outstanding views of Snowmass Village. Featuring 5 bedrooms, 5 baths, 2 half baths, 5100 sq. ft, two sided wood burning fireplace, gourmet kitchen, Large master suite and walk -in closet, large decks and patio with hot tub, private office, and the 5th bedroom can also be used as a caretaker apartment with a separate kitchen and entrance. Alpine Design completed an interior remodel in 2015 sold fully furnished.” 2014 Taxes: $12,082; HOA Dues: $100 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/09/2017; Sold Date: 05/19/2017. (Photos and broker comments courtesy of Alpine Real Estate, Inc)

Recent Estin Report tweets on Aspen Real Estate

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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 at 970.309.6163  or by email. The Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to this website: “The Estin Report on Aspen Real Estate.”

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