The Estin Report: May and YTD 2015 Aspen Snowmass Real Estate Market Snapshot was released late Monday, 06/02/15 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 23, May 31 – June 7, 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:128989,129077,132645,133438,134731,135824,135959,136152,136615,137396,137935,137998,138252,138774,138977,139360. This link is valid until 07/08/2015.

Under Contract/Pending (8):MLS#’s:137186,135572,134510,134563,138132,139023,139204,139382. This link is valid until07/08/2015.

Aspen Snowmass Solds Last Week:

MLS #138252 – Re-development opportunity on an oversized West End corner lot, Townsite of Aspen, West End, 219 N Monarch Street, Aspen, CO: Sold Price: $7,400,000/$3,206 sq ft; partial furnished. More details below photos.

MLS #138252 – Re-development opportunity on an oversized West End corner lot, Townsite of Aspen, West End, 219 N Monarch Street, Aspen, CO: Sold Price: $7,400,000/$3,206 sq ft; partial furnished; Asking Price: $6,995,000. (Original Price: $6,995,000 and 70 days on the market since 03/26/2015.) There were multiple bids on this redevelopment property, ultimately selling over ask price. It went under contract within 10 days of coming onto the market. This is a 1949 built, 4 bedroom/3 bath/1 half-bath, 2,308 sq ft single family home with 2 car garage on a 9,000 sq ft lot. Broker comments are “Double your value in one purchase. The ONLY 9,000 sq/ft non-historic West-End lot one block from the Hotel Jerome that allows TWO (2) DETACHED single family residences. In the same family since 1966, this NE corner has dead-on Views of Aspen Mountain and the best location on this block away from the traffic on Bleeker and away from the hustle and bustle of the Red Brick. FAR of 4,080 for 2 detached residences, however, this is not historic so a buyer could pursue landing two City TDR’s to increase above grade FAR to 4,580. See Land Use Analysis and GIS satellite view. A once in a lifetime opportunity to own the largest non-historic lot on this block for your dream single family home or as a redevelopment opportunity for TWO (2) DETACHED single family residences.” 2014 Taxes: $10,915. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/05/2015; Sold Date: 06/04/2015. (Photos and broker comments courtesy of Cuthbert L Myrin Jr. LLC)

MLS #129077 – Red Mtn Ranch, Red Mountain, 645 Hunter Creek Road, Aspen, CO: Sold Price: $7,050,000/$1,635 sq ft; furnished. More details below photos.

MLS #129077 – Red Mtn Ranch, Red Mountain, 645 Hunter Creek Road, Aspen, CO: Sold Price: $7,050,000/$1,635 sq ft; furnished; Asking Price: $7,900,000. (Original Price: $7,600,000 and 3,615 days on the market since 03/22/2007.) This is a 1987 built and 2004 remodeled, 6 bedroom/6 bath, 4,311 sq ft single family home with 2 car garage on a 33,106 sq ft lot. Broker comments are “Buyers Paid Selling Broker Commission. Enjoy Red Mountain’s most magnificent, unobstructed views from Independence Pass to Mount Sopris on a private secluded knoll overlooking Aspen. The home is quiet and peaceful, bordered by a dedicated open space valley to the west, an unobstructed view of Hunter Creek valley to the east, and it enjoys a large flat lawn. The 6 bed, 6 bath fully furnished contemporary home is in excellent condition, with 2,000sf of additional finished space. The land with a TDR allows 4,300sf. of above grade living space, plus 4,000sf. of below grade space, plus 750sf. of garage. The view planes are protected by the HOA ‘s rules for trimming trees that impact a neighbor’s views. The rules, survey and home plans, are in the Documents section.” 2012 Taxes: $10,272. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/06/2015; Sold Date: 06/02/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hunter)

MLS #136615 – Maroon Crk Twhm, West Aspen, 204 Oregon Trail, Aspen, CO: Sold Price: $4,100,000/$884 sq ft; unfurnished. More details below photos.

MLS #136615 – Maroon Crk Twhm, West Aspen, 204 Oregon Trail, Aspen, CO: Sold Price: $4,100,000/$884 sq ft; unfurnished; Asking Price: $4,490,000. (Original Price: $4,490,000 and 631 days on the market since 04/04/2013.) This is a 1998 built and 2003 remodeled, 4 bedroom/4 bath/1 half-bath, 4,633 sq ft townhouse with 2 car garage on a 4,021 sq ft lot. Broker comments are “Well appointed and spacious Maroon Creek Townhome located on the slopes of Tiehack. Open floor plan with separate prep kitchen. Elevator accesses all levels with garage for guests and Owners. Enjoy outdoor entertaining while listening to soothing sounds of the water feature from the private patio.” 2014 Taxes: $9,375. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/13/2015; Sold Date: 06/03/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)

MLS #134731 – North of Nell Condos, Central Core, 555 E Durant Avenue #2n, Aspen, CO: Sold Price: $2,850,000/$2,332 sq ft; furnished. More details below photos.

MLS #134731 – North of Nell Condos, Central Core, 555 E Durant Avenue #2n, Aspen, CO: Sold Price: $2,850,000/$2,332 sq ft; furnished; Asking Price: $2,850,000. (Original Price: $2,400,000 and 631 days on the market since 04/04/2013.) This is a 1969 built and 2013 remodeled, 3 bedroom/2 bath/1 half-bath, 1,222 sq ft condo. Broker comments are “#2N is ideally located at the base of Aspen Mountain. The most convenient location in town with underground parking.” 2013 Taxes: $3,850; HOA Dues: $1,344 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/16/2015; Sold Date: 06/04/2015. (Photos and broker comments courtesy of Raczak Real Estate CO Inc.)

MLS #138977 – Queen Victoria, Central Core, 916 E Hopkins, #1, Aspen, CO: Sold Price: $2,450,000/$1,361 sq ft; furnished. More details below photos.

MLS #138977 – Queen Victoria, Central Core, 916 E Hopkins, #1, Aspen, CO: Sold Price: $2,450,000/$1,361 sq ft; furnished; Asking Price: $2,600,000. (Original Price: $2,600,000 and 219 days on the market since 09/09/2014.) This is a 1972 built and 2011 remodeled, 3 bedroom/2 bath/1 half-bath, 1,800 sq ft condo. Broker comments are “This gorgeous 3 bedroom 2 bath unit sits above the Roaring Fork River. Walking distance to town. Ready to move-in sold furnished. You will find total privacy and views, yet you are 3 blocks to town. Private owner storage closet. The unit has an incredible rental history. Easy to show.” 2014 Taxes: $4,405; HOA Dues: $2,361 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/16/2015; Sold Date: 06/04/2015. (Photos and broker comments courtesy of Leverich & Carr)

MLS #137935 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue Unit 6-A, Aspen, CO: Sold Price: $1,537,500/$1,575 sq ft; furnished. More details below photos.

MLS #137935 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue Unit 6-A, Aspen, CO: Sold Price: $1,537,500/$1,575 sq ft; furnished; Asking Price: $1,695,000. (Original Price: $1,725,000 and 87 days on the market since 03/06/2015.) This is a 1971 built and 2014 remodeled, 2 bedroom/2 bath, 976 sq ft condo. Broker comments are “Continue to show, accepting backups! Exciting 2 bedroom, 2 bath on the river in town. Timeless interior design by Nationally known designer. Offering river and mountain views,newly renovated building with elevator, 3 hot tubs, and pool. Beautiful — move right in! Contemporary furnishings. Walking distance to restaurants,shopping and of course skiing.” 2014 Taxes: $2,741; HOA Dues: $3,511 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/17/2015; Sold Date: 06/01/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #136152 – Concept 600, Central Core, 600 E Main Street #205, Aspen, CO: Sold Price: $1,050,000/$1,105 sq ft; unfurnished. More details below photos.

MLS #136152 – Concept 600, Central Core, 600 E Main Street #205, Aspen, CO: Sold Price: $1,050,000/$1,105 sq ft; unfurnished; Asking Price: $1,150,000. (Original Price: $1,250,000 and 239 days on the market since 09/18/2014.) This is a 1972 built and 2000 remodeled, 2 bedroom/2 bath, 950 sq ft condo. Broker comments are “Smashing core condo in a secure building with a garage and elevator. Completely updated and remodeled with soundproofing of the floors and walls, wood floors, new kitchen with granite counters, remodeled baths, one with a steam shower, rounded drywall corners and new texture. Full size stackable washer and dryer, new doors and trim, closet organizer in both bedroom closets. Great view of Aspen Mountain from the deck and a wood burning fireplace! Never worry about shoveling snow, scraping the ice from your car or a parking space, park in your garage, protected from the elements, and walk to all that Aspen offers.” 2014 Taxes: $2,586; HOA Dues: $8,000 per Year. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/10/2015; Sold Date: 1,050,000. (Photos and broker comments courtesy of BJ Adams and Company – Aspen)

MLS #135959 – Hunter Creek, Smuggler, 234 Vine Street, Aspen, CO: Sold Price: $475,000/$798 sq ft. Asking Price: $515,000. More details below photos.

MLS #135959 – Hunter Creek, Smuggler, 234 Vine Street, Aspen, CO: Sold Price: $475,000/$798 sq ft. Asking Price: $515,000. (Original Price: $515,000 and 637 days on the market since 07/24/2009.) This is a 1980, 1 bedroom/1 bath, 595 sq ft condo. Broker comments are “Hear the sounds of the river from this quiet 1 bed, 1 bath Hunter Creek Condo. Ample parking and pool.” 2014 Taxes: $1,034. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/24/2015; Sold Date: 05/26/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hunter)

MLS #128989 – Single Family Vacant Lot, Old Snowmass, 3691 E Sopris Creek Road, Aspen, CO: Sold Price: $670,000. More details below photos.

MLS #128989 – Single Family Vacant Lot, Old Snowmass, 3691 E Sopris Creek Road, Aspen, CO: Sold Price: $670,000;Asking Price: $690,000. (Original Price: $2,000,000 and 1,848 days on the market since 03/01/2010.) This is a 1,677,495 sq ft single family lot in Old Snowmass. Broker comments are “First time on the market in over 40 years. Superior Rocky Mountain Hideaway with endless possibilities. Multiple desirable building sites to create your own private estate. Owner is in the process of developing a reservoir for recreational uses.” 2013 Taxes: $2,065. Under Contract Date: 01/06/2015; Sold Date: 06/03/2015.(Photos and broker comments courtesy of Shane Aspen Real Estate)

MLS #133438 – Wood Run, 126 Bridge Lane, Snowmass Village, CO: Sold Price: $4,250,000/$1,148 sq ft; furnished. More details below photos.

MLS #133438 – Wood Run, 126 Bridge Lane, Snowmass Village, CO: Sold Price: $4,250,000/$1,148 sq ft; furnished; Asking Price: $4,395,000. (Original Price: $4,850,000 and 730 days on the market since 01/17/2012.) This is an 2000 built, 4 bedroom/4 bath/1 half-bath/1 3/4 bath, 3,699 sq ft single family home with 2 car garage on a 29,762 sq ft lot. Broker comments are “Fabulous Views from this Wood Run home, with indirect ski access via Guggenheim Trail or Adam’s Avenue. Two story open floor plan, large patio with outdoor hot tub, great room, and the ability to add additional sq. footage. Four bedrooms and four bathrooms with an additional office/media room.” 2013 Taxes: $11,428; HOA Dues: $100 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/21/2015; Sold Date: 06/01/2015. (Photos and broker comments courtesy of Alpine Real Estate, Inc)

MLS #138774 – Viceroy, Snowmass Village, 130 Wood Road 241, Snowmass Village, CO: Sold Price: $1,500,000/$1,048 sq ft; furnished. More details below photos.

MLS #138774 – Viceroy, Snowmass Village, 130 Wood Road 241, Snowmass Village, CO: Sold Price: $1,500,000/$1,048 sq ft; furnished; Asking Price: $1,633,000. (Original Price: $1,633,000 and 548 days on the market since 11/27/2013.) This is a 3 bedroom/3 bath, 1,431 sq ft condo. Broker comments are ” The images shown in this listing may not necessarily represent the actual units being offered for sale. Additionally, the images include certain furnishings and accessories that may not be included in this offering. All commission paid to Buyer Agent is on the net sale price less any Seller co ***Please call Lisa Price to schedule ALL showings (970) 948-4467.ncessions/incentives or credits.” 2013 Taxes: $8,965; HOA Dues: $9,247 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/24/2015; Sold Date: 05/29/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #132645 – Top of Village, Snowmass Village, 0855 Carriage Way Summit 208, Snowmass Village, CO: Sold Price: $740,000/$685 sq ft; furnished. More details below photos.

MLS #132645 – Top of Village, Snowmass Village, 0855 Carriage Way Summit 208, Snowmass Village, CO: Sold Price: $740,000/$685 sq ft; furnished; Asking Price: $775,000. (Original Price: $775,000 and 1,135 days on the market since 02/09/2009.) This is a 1974 built and 2008 remodeled, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are “One of the best 2-bedroom values on the slopes. Beautifully renovated in warm mountain colors. Serene, private and sunny setting in the aspens and surprisingly great views of Dawdler Run skiers. Assigned carport parking and easy access to the slopes. Adjacent to one of the prettier hiking trails in Snowmass. Snowmass shuttle bus stops right at end of building.” 2014 Taxes: $2,669; HOA Dues: $5, 062 per trimester. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/13/2015; Sold Date: 06/05/2015. (Photos and broker comments courtesy of BJ Adams and Company-SMV)

MLS #135824 – Country Club Villas, Snowmass Village, 150 Snowmass Club Circle 1621, Snowmass Village, CO: Sold Price: $635,000/$589 sq ft; furnished. More details below photos.

MLS #135824 – Country Club Villas, Snowmass Village, 150 Snowmass Club Circle 1621, Snowmass Village, CO: Sold Price: $635,000/$589 sq ft; furnished; Asking Price: $645,000. (Original Price: $645,000 and 288 days on the market since 08/15/2014.) This is a 1987 built and 2002 remodeled, 2 bedroom/2 bath, 1,078 sq ft condo. Broker comments are “Come discover this gem of a getaway in phase III at the Club Villas, located adjacent to the Snowmass Club and bordering the Snowmass Club golf course. The 1600 building was the last to be constructed. The unit is rated by management as a ”premier”, their top rating. The views from the living spaces look directly over the golf course with straight-on, unobstructed views of Mount Daly and the entire Snowmass Mountain ski area. The corner location has additional windows that allow for an abundance of light. A wide open front room area includes a large dining area as well as a comfortable living area anchored by a wood burning fireplace. Add to that the spacious outdoor deck which acts as an extension of the indoor living space. The unit has its own washer/dryer. Easy ski access.” 2014 Taxes: $1,769; HOA Dues: $2,809 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/03/2015; Sold Date: 06/02/2015. (Photos and broker comments courtesy of BJ Adams and Company-SMV)

MLS #137396 – Chamonix, Snowmass Village, 476 Wood Road #27, Snowmass Village, CO: Sold Price: $577,896/$536 sq ft; furnished. More details below photos.

MLS #137396 – Chamonix, Snowmass Village, 476 Wood Road #27, Snowmass Village, CO: Sold Price: $577,896/$536 sq ft; furnished; Asking Price: $649,000. (Original Price: $749,000 and 1,576 days on the market since 02/10/2010.) This is a 1972 built and 2007 remodeled, 2 bedroom/2 bath, 1,078 sq ft condo. Broker comments are “Bright and light condo with remodeled kitchen and master bath. Dining/sun room, beautiful views framing Snowmass Gondola and skiers going by, underground designated parking space, skier’s closet and changing room slopeside and poolside! Click-in click-out ski access to Gondola or Fanny Hill six-pack lift! Great rental property. Priced to sell now” 2014 Taxes: $3,111; HOA Dues: $29,060 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/12/2015; Sold Date: 06/04/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #137998 – Seasons 4, Snowmass Village, 35 Lower Woodbridge Road 164, Snowmass Village, CO: Sold Price: $537,000/$430 sq ft; furnished. More details below photos.

MLS #137998 – Seasons 4, Snowmass Village, 35 Lower Woodbridge Road 164, Snowmass Village, CO: Sold Price: $537,000/$430 sq ft; furnished; Asking Price: $565,000. (Original Price: $565,000 and 88 days on the market since 03/09/2015.) This is a 1971 built, 3 bedroom/2 bath/1 half-bath, 1,246 sq ft condo. Broker comments are “SKI MOUNTAIN VIEWS and SUN abound from this TOP FLOOR two bedroom plus loft corner condominium. The enclosed Loft includes a THIRD BATH and an extensive amount of STORAGE SPACE. End of the road privacy,adjacent to OPEN SPACE and parking mere steps from the front door makes for easy living. Free town shuttle stop a short walk. Aspen School District if needed.” 2014 Taxes: $1,582; HOA Dues: $1,805 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/22/2015; Sold Date: 06/05/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

No Photo in MLS for this Single Family Vacant Lot in Aspen.

MLS #139360 – Hunter Creek, Smuggler, 121 Vine Street 121, Aspen, CO: Sold Price: $629,300/$724 sq ft; unfurnished; Asking Price: $695,000. (Original Price: $695,000 and 702 days on the market since 07/24/2012.) This is a 1980 built and 2012 remodeled, 2 bedroom/2 bath, 869 sq ft condo. Broker comments are “Sold before MLS.” 2014 Taxes: $1,733; HOA Dues: $248 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/27/2015; Sold Date: 06/02/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

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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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