The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (4) and Under Contract / Pending (3): May 22 – 29, 11

The Estin Report will post a spreadsheet and commentary on recent sales data in my next posting on June 6th. Thanks for your patience.

Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds with the button on the left.

Link to The Estin Report: Aspen Snowmass Real Estate 2010 Year End Summary

Last Week’s Market Highlights – Aspen Snowmass Real Estate Sales and Under Contract Activity: It is typical this time of year, April and May, for a number of properties to be brought under contract and close. This reflects the fact that buyers have been shopping in the key winter ski months of Jan, Feb. and Mar., and making their moves in March and April. This spring spike in sales is quite common, and it is the period in which sales are completed and get recorded. Last week’s real estate sold and under contract activity appears below for the upper Roaring Fork Valley for all property types over $250,000 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted here to preserve an archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Spreadsheet Summary of April and May 2011 Aspen Real Estate Sales Statistics, see The Estin Report: Aspen Snowmass Monthly Sales Statistics, April/May2011 compared to April/May 2010. To be posted late June 1, 11

Closed (4): MLS #’s: 116864, 109752, 111409, 119212. This link is valid for 30 days until 06/27/11.

Under Contract / Pending (3): MLS’#s: 116364, 117493, 115665. This link is valid for 30 days until 06/27/11. Photos and descriptions of under contracts are not posted unless specialcircumstances dictate. The pending property below is featured because it is one of the few ‘new’ construction townhomes available in Aspen’s downtown core. There is very little new construction taking place anywhere in the Aspen area, much less downtown. This is one of the newest spec projects completed during the economic crisis.

Featured Aspen Sold Property Last Week:MLS #109752 – New single family home on Aspen Mountain, 675 S Alps Road Aspen, CO: Sold Price: $14,100,000/$1,557 sq ft. More sold property descriptions below.

MLS #109752 – New single family home on Aspen Mountain, 675 S Alps Road Aspen, CO: Sold Price: $14,100,000/$1,557 sq ft; Ask Price: $16,950,000/$1,872 sq ft. (Original Price: $24,950,000/$2,749 sq ft and 1,651 days on the market since 11/08/08.) This is a bank short sale of a beautiful 2009 built new contemporary 9,056 sq ft, 7 bedroom/8 bath/2 half bath home with 2-car 499 sq ft garage on 1.02 hillside acres. The broker’s comments are, “The ultimate ski estate has been created directly beneath the gondola! Designed by Charles Cunniffe Architects & constructed by John Olson Builders, this mountain contemporary home is one of a kind. Direct ski access, eastern exposure, views of Smuggler Mountain & towards Indy Pass, dramatic interior finishes & design by Pamela McDonald/IPA, LLC Bertillion of Paris, spacious outdoor living areas, separate caretaker’s apartment, gourmet kitchen with custom European-style wood cabinetry & top of the line appliances, outdoor kitchen, 6 gas fireplaces, library/office, exercise room with private massage area & steam room, theater/media room, wine room, mud room/ski room, large entertainment area with wet bar, custom A/V system, motorized window coverings, elevator, & extensive snowmelt.”S 2010 Taxes: $38,860. Under Contract Date:05/13/11; Sold Date:05/17/11. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #111409 – Aspen West End single family home, 930 West Francis, Aspen, CO: Sold Price: $3,900,000/$781 sq ft; Ask Price: $4,625,000/$926 sq ft. (Original Price: $6,950,000 and 1,918 days on the market since 10/03/06.) This is a 2000 built, 4 bedroom/4 bath/2 half bath, 4,994 sq ft home with 2-car garage on .15 acres. The broker’s comments are, “Mountain Style, mountain living, mountain views! Enjoy large open living spaces with views of Highlands and to the west. This four bedroom, four bathroom, two powder room home is perfect for a single person or a family. The floor plan is versatile and allows for 1,2 or 3 level living. Windows and decks abound providing the home with vast amounts of natural light and year round outdoor living. There is a separate caretaker quarters with a separate entrance. The home is air conditioned.” 2010 Taxes: 11,872 Yr. Under Contract Date: 04/24/11; Sold Date: 05/25/11. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Aspen Associates Realty Group.)

MLS #116864 – Mountain Queen remodeled condo at Lift 1A Base of Aspen Mountain – Ski-in/out, 800 S Monarch Street Unit 2 Aspen, CO: Sold Price: $3,285,000/$1,923 sq ft, furnished; Ask Price: $3,995,000/$1,970 sq ft. (Original Price $5,295,000 and on the market for 2,107 days since 07/13/2007.) This is a 1974 built/beautifully 2007 remodeled 3 bedroom/3 bath, 1,708 sq ft condo adjacent to Lift 1A of Aspen Mountain with assigned parking in garage. First powder tacks are guaranteed from this location. The broker’s comments are, “Beyond Mtn contemporary & beyond compare, this is the finest ski-in/ski-out condo in Aspen/Snowmass! Unique architectural high end finishes, state of the art design features, 14 ft wire-brushed Larch wood panel walls & ceilings, museum lighting, stained end grain wood mosaic floors, gourmet Snaidero kitchen from Italy w/Wolfgang Puck pizza oven & Viking & Sub-Zero appliances, master bedroom w/Ralph Lauren finishes, master bath w/river rock wall, Japanese soaking tub & onyx countertops, large covered deck/patio, total privacy, assigned parking in the underground garage, on-site management & concierge, elevator, tennis court, pool, & spa with sauna. Corner unit with awesome views, located next to Lift 1A at the base of Ajax & steps from downtown. One of Wall Street Journal’s “Top Residences'” 2010 Taxes: $7,530 Yr; HOA Dues: $1,916 mos. Under Contract Date:3/22/11 ; Sold Date:5/23/11. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer.(Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

PHOTOS TO BE UPLOADED 5/30/11.
MLS #119212 – Snowmass Village ski-in/out Timberline Condominium, 690 Carriage Way Unit 2-EC, Snowmass Village, CO: Sold Price: $640,000/$667 sq ft; Original and Ask Price: $675,000/$704 sq ft. and 287 days on the market since 07/02/10.) This is a 1972 built, 2 bedroom/2 bath, 959 sq ft slopeside condo. The broker’s comments are, “Walk out your patio door to the ski slope and ski to the patio door. Very nice two bedroom. Excellent management and on site amenities. Excellent value in today’s market for premier condominium. Long history of rental income.” 2010 Taxes: $2,421 Yr; HOA Dues: $842 mos. Under Contract Date:04/08/11 ; Sold Date: 05/23/11. Town of Snowmass Village Transfer Tax of 1% payable by buyer. (Photos and description courtesy of Chaffin Light Real Estate Snowmass Village.)

Featured Aspen Pending Property Last Week: MLS #116364 – Downtown Aspen Townhome, 719 E. Hopkins Avenue #201 Aspen, CO: Ask Price: $7,295,000/$1,441 sq ft. The property is featured because it is one of the few ‘new’ construction townhomes available in Aspen’s downtown core. There is very little new construction taking place anywhere in the Aspen area, much less downtown. This is one of the newest spec projects completed during the economic crisis.

MLS #116364 – Downtown Aspen Townhome, 719 E. Hopkins Avenue #201 Aspen, CO: Ask Price: $7,295,000/$1,441 sq ft. This is a 2010 built 5 bedroom/4 bath/3 half bath, 5,061 sq ft townhome in the center of downtown with 2-car garage.The broker’s comments are, “This brand-new 5-bedroom townhome is a showcase for sophisticated in-town living. Red sandstone steps lead up to modern spaces complemented by wide plank European oak floors, color-integral plaster walls and decorative lighting. Light cascades through south-facing windows and a 345 square-foot patio reveals grand Aspen Mountain views off the main living area. The open kitchen features stainless appliances by SubZero and Viking and walnut custom cabinetry. Other quality finishes and amenities include Ann Sacks stone tiles in the baths, custom millwork and copper roof, air-conditioning, elevators and temperature controlled wine room.” 2010 Taxes: $19,000; HOA Dues: TBD. City of Aspen Transfer Tax of approx. 1.5% payable by buyer. More info will be posted upon closing. (Photos and description courtesy of CB The Aspen Brokers.)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s Aspen Real Estate Blog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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