The Estin Report: May 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. June 5th. The Snapshots are usually posted on or near the 1st Monday of the month.

Excerpt:

“There is a night and day difference between May 2017 and same time last year. The market appears to be firing on all cylinders heading into the summer selling season. A statistic that says it all: there were (15) Aspen single family home sales in May 2017 versus (2) in May 2016, +650% (Pg 6)…One very significant investor group that currently has about 15-18 projects under redevelopment and for sale has bumped up select property prices 5% in the past two weeks in anticipation of a formidable summer.”

Estin Report: Q1 2017 & 2016 Year: State of Aspen Real Estate was released on 5/27/17 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.

“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.

 A “Read more” link has been recently addede under the 1st of last week’s sold properties displayed below. This will improve site performance.

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Market Activity Week 22, May 28 – June 4, 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 (8):  MLS#s  149320,142745, 143225, 143241, 144227, 146899, 148088, 148592. This link is valid until 7/4/2017.

Under Contract/Pending (6): MLS#s 141194, 144289, 144611, 146917, 148329,148440. This link is valid until 7/4/2017.

Aspen Snowmass Solds Last Week:  


MLS #149320 – Ridge of Red Mountain, 346 Draw Drive, Aspen, CO. Sold Price: $10,675,000/$1,505 sq ft; unfurnished. More details below photos.
Aspen real estate 060417 149320 346 Draw Drive 1 590W
MLS #149320 – Ridge of Red Mountain, 346 Draw Drive, Aspen, CO. Sold Price: $10,675,000/$1,505 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $10,675,000. (Original Price: $10,675,000 and 47 days on the market since 04/16/2017.) This is a 1997 built, 4 bedroom/4 bath/2 half-bath, 7,092 sq ft single family residence with 3 car garage on a 1.4 acres lot. Broker comments are “Sold before MLS.” 2016 taxes: $10,784. Under Contract Date: 04/16/2017; Sold Date: 06/02/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #148592 – Pitkin Row Townhomes, Central Core, 708 E Hopkins Street, Aspen, CO. Sold Price: $6,100,000/$2,089 sq ft; furnished. More details below photos.
Aspen real estate 060417 148592 708 E Hopkins Street 1 590W  Aspen real estate 060417 148592 708 E Hopkins Street 2 190H Aspen real estate 060417 148592 708 E Hopkins Street 3 190H  Aspen real estate 060417 148592 708 E Hopkins Street 4 190H Aspen real estate 060417 148592 708 E Hopkins Street 5 190H
MLS #148592 – Pitkin Row Townhomes, Central Core, 708 E Hopkins Street, Aspen, CO. Sold Price: $6,100,000/$2,089 sq ft; furnished. Aspen townhouse for sale. Ask Price: $6,495,000. (Original Price: $6,495,000 and 79 days on the market since 03/15/2017.) This is a 1989 built, 3 bedroom/3 bath/1 half-bath, 2,919 sq ft townhouse with 2 car garage. It is center of downtown located and ripe for a make-over. A prime target as a fixer-upper at almost $2100 sq ft. Broker comments are “This gorgeous townhome is ideally located in the heart of Aspen; walking distance to all of the downtown restaurants, shops and activities Aspen has to offer! Enjoy spectacular Aspen Mountain views from the spacious top floor open living area extending to the private balcony and rooftop deck with hot tub. This property is elegantly decorated with contemporary mountain décor. Light and bright gourmet kitchen featuring Bosch appliances, a dumbwaiter for convenience, and beautiful views of Red Mountain. The extensive master suite enjoys direct views of Aspen Mountain, a gas fireplace, wet bar and private bathroom with soaking tub & steam shower. The two additional guest suites are incredibly spacious and feature gracefully appointed en suite bathrooms.” 2016 taxes: $10,745; HOA Dues: $6,110 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/19/2017; Sold Date: 06/02/2017. (Photos and broker comments courtesy of Whitman Fine Properties)
MLS #148088 – Aspen West Condo, Central Core, 104 W Cooper Avenue 1, Aspen, CO. Sold Price: $2,850,000/$1,987 sq ft; furnished. More details below photos.
Aspen real estate 060417 148088 104 W Cooper Avenue 1 1 590W  Aspen real estate 060417 148088 104 W Cooper Avenue 1 2 590W  Aspen real estate 060417 148088 104 W Cooper Avenue 1 3 190H Aspen real estate 060417 148088 104 W Cooper Avenue 1 4 190H  Aspen real estate 060417 148088 104 W Cooper Avenue 1 5 190H Aspen real estate 060417 148088 104 W Cooper Avenue 1 6 190H
MLS #148088 – Aspen West Condo, Central Core, 104 W Cooper Avenue 1, Aspen, CO. Sold Price: $2,850,000/$1,987 sq ft; furnished. Aspen condo for sale. Ask Price: $2,950,000. (Original Price: $2,950,000 and 454 days on the market since 02/26/2016.) This is a 1972 built and 2016 remodeled, 2 bedroom/2 bath, 1,434 sq ft condo. Broker comments are “A+ Aspen Condo. Stunning remodel with spectacular views of Aspen Mountain and great natural light. Ideally located across from Koch Park and just two blocks from the Central Core. Small complex (6 units) with recently completed exterior renovation. Walk to the world renowned skiing, shops and restaurants Aspen is famous for. The ultimate in convenience and luxury!” 2017 taxes: $7,084; HOA Dues: $3,389 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/30/2017; Sold Date: 06/02/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #144227 – Gant Condominiums, Central Core, 610 S West End Street G303, Aspen, CO. Sold Price: $2,600,000/$1,672 sq ft; furnished. More details below photos.
Aspen real estate 060417 144227 610 S West End Street G303 1 590W  Aspen real estate 060417 144227 610 S West End Street G303 2 590W  Aspen real estate 060417 144227 610 S West End Street G303 3 190H Aspen real estate 060417 144227 610 S West End Street G303 4 190H  Aspen real estate 060417 144227 610 S West End Street G303 5 190H Aspen real estate 060417 144227 610 S West End Street G303 6 190H
MLS #144227 – Gant Condominiums, Central Core, 610 S West End Street G303, Aspen, CO. Sold Price: $2,600,000/$1,672 sq ft; furnished. Aspen condo for sale. Ask Price: $2,650,000. (Original Price: $2,650,000 and 1,449 days on the market since 12/03/2014.) This is a 1972 built and 2011 remodeled, 3 bedroom/3 bath/1 half-bath, 1,555 sq ft condo. Broker comments are “Originally a 4 bedroom unit, the previous owners removed one bedroom to create a spacious living and dining area that cannot be re-created at The Gant. Premier rated unit on the top floor with great views of Independence Pass and a great rental history! Sold furnished and was recently remodeled in 2011. Great location just a short walk to the Aspen Club, local trails and the Gondola. The very best resort property in town with two pools, hot tubs, gym, and hard/clay tennis courts. Convenient shuttle service to the airport and around town. Onsite management and concierge. The absolute best available!” 2015 taxes: $5,570; HOA Dues: $38,826 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/12/2017; Sold Date: 05/31/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #146899 – East Aspen Highway 82 area, 42705 Hwy 82, Aspen, CO. Sold Price: $2,050,000/$1,051 sq ft; partial-furnished. More details below photos.
Aspen real estate 060417 146899 42705 Hwy 82 1 590W  Aspen real estate 060417 146899 42705 Hwy 82 2 590W  Aspen real estate 060417 146899 42705 Hwy 82 3 190H Aspen real estate 060417 146899 42705 Hwy 82 4 190H  Aspen real estate 060417 146899 42705 Hwy 82 5 190H Aspen real estate 060417 146899 42705 Hwy 82 6 190H
MLS #146899 – Pitkin, East Aspen, 42705 Hwy 82, Aspen, CO. Sold Price: $2,050,000/$1,051 sq ft; partial-furnished. Aspen home for sale. Ask Price: $2,300,000. (Original Price: $2,300,000 and 170 days on the market since 12/05/2016.) This is a 1972 built, 4 bedroom/4 bath, 1,949 sq ft single family residence on a 18,631 sq ft lot. Broker comments are “This unique home is located in the quiet east side of town. Featuring 4 bedrooms and 4 baths, This home features privacy and unhampered views of Independence Pass and the North Star Preserve. Natural gardens,mature landscaping and water feature. Shuttle to downtown Aspen which is just 1 mile away or enjoy a beautiful walk or bike ride.” 2016 taxes: $3,582; HOA Dues: $200 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/17/2017; Sold Date: 05/24/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #143241 – Fox Crossing, Smuggler, 553 Race Alley Lot 4 House I, Aspen, CO. Vacant lot sale. Sold Price: $1,745,000. More details below photo.
Aspen real estate 060417 143241 553 Race Alley Lot 4 House I 1 590W
MLS #143241 – Fox Crossing, Smuggler, 553 Race Alley Lot 4 House I, Aspen, CO. Vacant lot sale. Sold Price: $1,745,000. Aspen single family vacant lot for sale. Ask Price: $1,799,000. (Original Price: $1,799,000 and 429 days on the market since 03/22/2016.) This is a 5,625 sq ft single family vacant lot. Broker comments are “Last undeveloped lot in the prestigious Fox Crossing.” 2015 taxes: $16,732; HOA Dues: $574 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/31/2016; Sold Date: 05/25/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #143225 – Silver Glo Condos, Central Core, 940 Waters Avenue Unit #106, Aspen, CO. Sold Price: $720,0000/$1,014 sq ft. More details below photos.
Aspen real estate 060417 143225 940 Waters Avenue Unit 106 1 590W  Aspen real estate 060417 143225 940 Waters Avenue Unit 106 2 590W  Aspen real estate 060417 143225 940 Waters Avenue Unit 106 3 190H Aspen real estate 060417 143225 940 Waters Avenue Unit 106 4 190H  Aspen real estate 060417 143225 940 Waters Avenue Unit 106 5 190H Aspen real estate 060417 143225 940 Waters Avenue Unit 106 6 190H
MLS #143225 – Silver Glo Condominiums, Central Core, 940 Waters Avenue Unit #106, Aspen, CO. Sold Price: $720,0000/$1,014 sq ft. Aspen condo for sale. Ask Price: $779,000. (Original Price: $799,000 and 426 days on the market since 03/24/2016.) This is a 1970 built and 2016 remodeled, 2 bedroom/2 bath, 710 sq ft condo. Broker comments are “Southern exposure on the first floor with a fresh contemporary remodel! Great investment/rental property just 3 blocks from the Silver Queen Gondola. On site management, pool and shuttle service.” 2016 taxes: $1,262; HOA Dues: $1706 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/28/2017; Sold Date: 05/26/2017. (Photos and broker comments courtesy of Frias Properties of Aspen)
MLS #142745 – Top of Village Condominiums, 855 Carriage Way Trails 307, Snowmass Village, CO: Sold Price: $758,000/$701 sq ft; furnished. More details below photos.
Aspen real estate 060417 142745 855 Carriage Way Trails 307 1 590W  Aspen real estate 060417 142745 855 Carriage Way Trails 307 2 590W  Aspen real estate 060417 142745 855 Carriage Way Trails 307 3 190H Aspen real estate 060417 142745 855 Carriage Way Trails 307 4 190H  Aspen real estate 060417 142745 855 Carriage Way Trails 307 5 190H Aspen real estate 060417 142745 855 Carriage Way Trails 307 6 190H
MLS #142745 – Top of Village, 855 Carriage Way Trails 307, Snowmass Village, CO: Sold Price: $758,000/$701 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $797,000. (Original Price: $875,000 and 467 days on the market since 02/21/2016.) This is a 1974 built and 2004 remodeled, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are “Fabulous beach front location in Trails building. Top floor condo with vaulted ceilings. Watch the skiers descend on Dawdler ski run. Updated kitchen and baths include granite and custom-made lighting. Comfortably furnished. Beautiful and quiet setting. TOV offers great management and amenities.” 2016 Taxes: $3,047; HOA Dues: $14,202 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/02/2017; Sold Date: 06/02/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass 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 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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