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 19, May 3 – 10, 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 (16):MLS #’s:137175,137690,138382,132069,132161,132579,134310,134394,134948,137897,136824,137111,137386,137939,138875,138907. This link is valid until 06/10/2015.

Under Contract/Pending (7):MLS#’s:132235,132930,133620,133747,135824,136472,136850. This link is valid until06/10/2015.

Aspen Snowmass Solds Last Week:

MLS #137175 – Morningstar, East Aspen, 170 Popcorn Lane, Aspen, CO: Sold Price: $8,600,000/$1,097 sq ft; furnished. More details below photos.

MLS #137175 – Morningstar, East Aspen, 170 Popcorn Lane, Aspen, CO: Sold Price: $8,600,000/$1,097 sq ft; furnished; Asking Price: $8,950,000. (Original Price: $9,950,000 and 121 days on the market since 12/31/2014.) This is a 2010 built, 6 bedroom/6 bath/1 half-bath/1 3/4 bath, 7,838 sq ft single family home with 2 car garage on a 61,506 sq ft lot. Broker comments are “Sophisticated European Mountain Retreat. What began as a builder’s vision is now a designer’s dream. This virtually new home and detached guest house are sold fully furnished and showcases the design work of an Architectural Digest Top 100 architect and New York decorator. From the antique chandeliers to the Beauvais carpets, only the finest finishes and details were used. The result is a beautiful and luxurious home in a cozy and rustic mountain setting with awe inspiring views only 3 miles from downtown Aspen. The 425 sf guest house is perfect for extra living space or an office. The Morningstar sub-division fronts to the Roaring Fork River and provides great access to the surrounding hiking/biking trails.” 2014 Taxes: $16,192; HOA Dues: $3,437. Under Contract Date: 04/02/2015; Sold Date: 05/01/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #132069 – Maroon Greens, West Aspen, 74 Pfister Drive 204, Aspen, CO: Sold Price: $4,100,000/$911 sq ft; partial-furnished. More details below photos.

MLS #132069 – Maroon Greens, West Aspen, 74 Pfister Drive 204, Aspen, CO: Sold Price: $4,100,000/$911 sq ft; partial-furnished; Asking Price: $4,350,000. (Original Price: $4,350,000 and 1,498 days on the market since 12/04/2007.) This is a 1997 built, 4 bedroom/4 bath/1 half-bath, 4,498 sq ft townhouse with 2 car garage. No broker comment. 2014 Taxes: $8,088. Under Contract Date: 04/03/2015; Sold Date: 05/04/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hunter)

MLS #132161 – Single Family Vacant Lot, West End, 431-433 W Hallam Street, Aspen, CO: Sold Price: $3,712,500. More details below photos.

MLS #132161 – Single Family Vacant Lot, West End, 431-433 W Hallam Street, Aspen, CO: Sold Price: $3,712,500. Asking Price: $3,895,000. (Original Price: $4,895,000 and 788 days on the market since 07/20/2013.) This is a 6,073 sq ft single family lot in Aspen. Broker comments are “Corner lot on Hallam Street with nearly 90′ of Hallam frontage. Community stream flows between the property and 4th Street. Views to the south of Ajax and Shadow Mountain, to the north of Red mountain. Existing Duplex is livable or can be demolished. Great site for a single family home, and possibility to rebuild as a duplex. Price includes conceptual house designs from Zone 4 Architects – 7 bedrooms + an indoor sport court!” 2013 Taxes: $6,666. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/31/2015; Sold Date: 05/04/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #138870 – West End Historic Single Family Lot, 209 E Bleeker Street, Aspen, CO. Re-listed on the same day it closed on 5/5/15. at new ask Price: $5,250,000. More details below the photos.

MLS #137690 – Townsite of Aspen, West End, 209 E Bleeker Street, Aspen, CO: Sold Price: $4,100,000/$2,645 sq ft; unfurnished; Asking Price: $4,650,000. (Original Price: $4,650,000 and 82 days on the market since 02/12/2015.) This is a 1888 built, 3 bedroom/1 bath, 2,550 sq ft single family home on a 6,000 sq ft lot. The property was re-listed the day it closed at new price $5.25M. See on-going “flip jobs” article. Broker comments are “Historically designated home on 6000 sq ft West End lot. Potential for lot split. Great Aspen Mountain views 1/2 block from the Hotel Jerome makes this property an ideal redevelopment opportunity.” City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/16/2015; Sold Date: 05/05/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #137386 – West Aspen, 1470 Sierra Vista Drive, Aspen, CO: Sold Price: $3,700,000/$1,069 sq ft partial furnished. More details below photos.

MLS #137386 – West Aspen, 1470 Sierra Vista Drive, Aspen, CO: Sold Price: $3,700,000/$1,069 sq ft; partial furnished; Asking Price: $3,950,000. (Original Price: $3,950,000 and 105 days on the market since 01/19/2015.) This is a 2000 built and 2012 remodeled, 4 bedroom/4 bath/1 half-bath, 3,459 sq ft condo with 2 car garage. Broker comments are “Ski & Golf Out Your Back Door! You’ll love the active lifestyle of living right on the Aspen Municipal Golf Course. Cross-country ski in the winter/spring and enjoy golf through the fall. Exquisitely appointed and filled with sunshine, this striking 4 bedroom/4 ½ bath half-duplex lives like a single family home. The master suite has vaulted ceilings, handsome fireplace, an unbelievably capacious closet and fabulous master bath. Additional amenities include 4 natural gas fireplaces, cherry hardwood flooring, all en-suite bedrooms, lower level family room with wet bar, ample storage, A/C, 2 car garage and exceptional outdoor patios, all impressively landscaped. Private, cul-de-sac location.” 2014 Taxes: $7,036. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/04/2015; Sold Date: 05/04/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #138875 – Gant, Central Core, 610 S West End Street #B-202, Aspen, CO: Sold Price: $1,600,000/$1,641 sq ft; furnished. More details below photos.

MLS #138875 – Gant, Central Core, 610 S West End Street #B-202, Aspen, CO: Sold Price: $1,600,000/$1,641 sq ft; furnished; Asking Price: $1,650,000. (Original Price: $1,650,000 and 67 days on the market since 02/16/2015.) This is a 1972 built and 2010 remodeled, 2 bedroom/2 bath, 975 sq ft condo with vaulted living room ceiling. No broker comment. 2014 Taxes: $3,691; HOA Dues: $23,564. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/01/2015; Sold Date: 04/24/2015. (Photos and broker comments courtesy of Frias Properties of Aspen)

MLS #138382 – Gant, Central Core, 610 S West End Street D-201, Aspen, CO: Sold Price: $1,350,000/$1,298 sq ft; furnished. More details below photos.

MLS #138382 – Gant, Central Core, 610 S West End Street D-201, Aspen, CO: Sold Price: $1,350,000/$1,298 sq ft; furnished; Asking Price: $1,395,000. (Original Price: $1,395,000 and 33 days on the market since 04/03/2015.) This is a 1972 built and 2005 remodeled, 2 bedroom/2 bath, 1,040 sq ft condo. Broker comments are “Premier rated corner unit with Aspen Mountain views. Largest of the Gant two bedroom floor plans. Luxury remodel with quality finishes. Property features the best amenities and services of any Aspen property. Enjoy fanastic views of Aspen Mountain and the Gondola from the two large decks. Ownership includes access to all the amenities that the Gant offers including 2 pools, 3 hot tubs, tennis courts, fitness room, concierge with café, full-service bar, rooftop deck , on call shuttle service, clubhouse/conference room and just a short walk to downtown. A must see! Own a beautiful home in Aspen and let the Gant take care of all the details!” 2014 Taxes: $3,214; HOA Dues: $12,599.41/semi annual. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/13/2015; Sold Date: 05/06/2015. (Photos and broker comments courtesy of Portfolio Aspen Properties)

MLS #137939 – Telemark Condominiums, Central Core, 611 S Monarch Street 4, Aspen, CO: Sold Price: $1,200,000/$1,428 sq ft; furnished. More details below photos.

MLS #137939 – Telemark Condominiums, Central Core, 611 S Monarch Street 4, Aspen, CO: Sold Price: $1,200,000/$1,428 sq ft; furnished; Asking Price: $1,075,000. (Original Price: $1,075,000 and 67 days on the market since 2/26/2015.) This is a 1965 built and 2002 remodeled, 2 bedroom/2 bath, 840 sq ft condo. Broker comments are “A tidily tailored + comfortably modern two bedroom home on the top floor of the Telemark building, across from the St. Regis and just below Lift 1A. Natural light abounds with many windows and hall way skylights. Large balcony on the Aspen Mountain side of building, overlooking what could one day be a City of Aspen park. One dedicated off street parking space makes for easy living for owners and visitors, alike.” 2014 Taxes: $2,000; HOA Dues: $5,700. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/14/2015; Sold Date: 05/04/2015. (Photos and broker comments courtesy of BJ Adams and Company – Aspen)

MLS #137897 – Chatelet Condo, Central Core, 250 S Original Street G, Aspen, CO: Sold Price: $810,000/$671 sq ft; unfurnished. More details below photos.

MLS #137897 – Chatelet Condo, Central Core, 250 S Original Street G, Aspen, CO: Sold Price: $810,000/$671 sq ft; unfurnished; Asking Price: $795,000. (Original Price: $795,000 and 59 days on the market since 03/03/2015.) This is a 1965 built, 2 bedroom/2 bath, 880 sq ft condo with an additional 393 sq ft separate basement storage area. Broker comments are “Terrific downtown condo with parking, deck, fireplace and views. Top floor corner unit. Walk everywhere. Low condo dues, owner pets allowed. 880 sq ft living area. 328 sq ft storage/wash room is below level with separate entry.” 2014 Taxes: $1,771. HOA Dues: $1,138 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/06/2015; Sold Date: 05/01/2015. (Photos and broker comments courtesy of Silver City LLC)

MLS #137111 – Winfield Arms, Central Core, 119 W Cooper Street 9, Aspen, CO: Sold Price: $520,000/$1,158 sq ft; partial furnished. More details below photos.

MLS #137111 – Winfield Arms, Central Core, 119 W Cooper Street 9, Aspen, CO: Sold Price: $520,000/$1,158 sq ft; partial furnished; Asking Price: $539,999. (Original Price: $574,000 and 280 days on the market since 06/09/2014.) This is a 1969 built and 2013 remodeled, 1 bedroom/1 bath, 449 sq ft condo. Broker comments are “Fabulous furnished one bedroom just a block-and-a-half from Lift One and in the center of downtown Aspen. Enjoy views of Aspen Mountain from the family room and back patio. Granite & stainless kitchen with updated appliances, built-in storage, remodeled bath all ready for your winter getaway or full time residence. Rental minimum 6 month term, 2 per year max.” 2014 Taxes: $851; HOA Dues: $1,228 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/23/2015; Sold Date: 05/04/2015. (Photos and broker comments courtesy of McKinley Sales)

MLS #138907 – Independence Sqr, Central Core, 404 S Galena Street 300, Aspen, CO: Sold Price: $460,000/$1,533 sq ft; unfurnished. More details below photo.

MLS #138907 – Independence Sqr, Central Core, 404 S Galena Street 300, Aspen, CO: Sold Price: $460,000/$1,533 sq ft; unfurnished; Asking Price: $460,000. (Original Price: $460,000 and 8 days on the market since 04/28/2015.) This is a 1889 built and 1992 remodeled, 1 bath, 300 sq ft condo on a 42,000 sq ft lot. Broker comments are “Location Location Location! Light Bright and airy condo right in the heart of the retail core of Aspen one block from the Gondola. This condo is perfectly located within the Beautiful old landmark Independence Building with 4 windows facing the Cooper Ave mall and views of Ajax and downtown Aspen. Best Value in town.” 2013 Taxes: $777; HOA Dues: $2,008 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/29/2015; Sold Date: 05/06/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #132579 – Old Snowmass, 1444 Lower River Road, Snowmass, CO: Bank Sale REO. Sold Price: $1,750,000/$397 sq ft; unfurnished. More details below photos.

MLS #132579 – Old Snowmass, 1444 Lower River Road, Snowmass, CO: Bank Sale REO. Sold Price: $1,750,000/$397 sq ft; unfurnished; Asking Price: $2,495,000. (Original Price: $2,800,000 and 406 days on the market since 01/09/2014.) This is an 1989 built, 5 bedroom/3 bath, 4,400 sq ft single family home with 2 car garage on a 25 acre lot. Broker comments are “A private ranchette on the banks of the Roaring Fork River featuring a lovely 3 bedroom home, 6,500 sq ft horse barn w/separate apartment. From the expansive property there are views of the river and the surrounding mountains. The classic barn is perfect for horses or toys and features a separate apartment on the second floor with two bedrooms, great room, gathering room and kitchen.” 2014 Taxes: $15,329. Under Contract Date: 04/13/2015; Sold Date: 05/08/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #134394 – Viceroy Hotel and Condos, 130 Wood Road 341, Snowmass Village, CO: Sold Price: $1,630,000/$1,137 sq ft; furnished. More details below photos.

MLS #134394 – Viceroy Hotel and Condo, 130 Wood Road 341, Snowmass, Village CO: Sold Price: $1,630,000/$1,137 sq ft; furnished; Asking Price: $1,715,000. (Original Price: $1,715,000 and 523 days on the market since 11/27/2013.) This is a 3 bedroom/3 bath, 1,433 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: $8,777; HOA Dues: $9,039. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/03/2015; Sold Date: 05/04/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #136824 – Top of Village Condominuims, 855 Carriage Way Summit #209, Snowmass Village, CO: Sold Price: $1,525,000/$847 sq ft; furnished. More details below photos.

MLS #136824 – Top of Village Condominiums, 855 Carriage Way Summit #209, Snowmass Village, CO: Sold Price: $1,525,000/$847 sq ft; furnished; Asking Price: $1,695,000. (Original Price: $1,795,000 and 163 days on the market since 11/25/2014.) This is a 1974 built and 2010 remodeled, 4 bedroom/4 bath, 1,800 sq ft condo. Broker comments are “Private, quiet location at the very top of Top of the Village Condominiums. Perfect ski in/out access to Fanny Hill. Incredible views to the North, West, and South in this spacious, fully remodeled 4 bedroom with 4 full baths! There are only nine 4 bedrooms properties in the entire Top of the Village complex. Top of the Village has a top notch management team. This condominium has not previously been in the rental pool and management would love to include it.” 2014 Taxes: $4,448; HOA Dues: $14,711 year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/23/2015; Sold Date: 05/07/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #134948 – Meadow Ranch Townhome Condos, 153 Meadow Ranch F 1-C, Snowmass Village, CO: Sold Price: $540,000/$436 sq ft. More details below photos.

MLS #134948 – Meadow Ranch, 153 Meadow Ranch F 1-C, Snowmass Village, CO: Sold Price: $540,000/$436 sq ft. Asking Price: $589,000. (Original Price: $625,000 and 1,046 days on the market since 06/20/2012.) This is a 1976 built, 2 bedroom/1 bath/1 half-bath, 1,238 sq ft condo. Broker comments are “Aspen School District. This light, bright two bedroom, one and a half bathroom condo is located in the quiet part of Meadow Ranch neighborhood. Spacious patio deck to enjoy the outdoors and BBQ all season. Quiet and private area in the complex .Perfect for your family. Dogs allowed for owners and renters. Perfect local’s home, investment property or vacation home, turn key and ready to go. Low taxes, very low HOA dues, priced to sell. Owner would consider financing. Beautiful, great space high ceilings, hardwood floors, great kitchen, stone fireplace, washer, dryer, plenty of parking and public transportation, school bus stop just down steps.” 2013 Taxes: $2,061; HOA Dues: $1,517. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/19/2015; Sold Date: 05/07/2015.(Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #134310 – Laurelwood Condominiums, Snowmass, 640 Carriage Way 306, Snowmass Village, CO: Sold Price: $316,500/$611 sq ft; furnished. More details below photos.

MLS #134310 – Laurelwood, Snowmass, 640 Carriage Way 306, Snowmass Village, CO: Sold Price: $316,500/$611 sq ft; furnished. Asking Price: $339,900. (Original Price: $360,000 and 311 days on the market since 05/21/2014.) This is a 1969 built and 2008 remodeled, 1 bedroom/1 bath, 518 sq ft condo. Broker comments are “One of the most desired locations at the Laurelwood, this is the perfect mountain escape. Great views of the mountain in the winter, overlooking the two hot tubs to the east. In the summer, the trees fill in giving it a ”cabin in the woods” feeling for privacy. On the same level as the lobby, so no stairs to contend with when bringing in your luggage or groceries. Nicely renovated and decorated, with a wood burning fireplace, makes it feel like your home away from home.” 2014 Taxes: $948; HOA Dues: $2,222. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/20/2015; Sold Date: 05/06/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

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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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