This is the 503th weekly blog post on the Estin Report !! Check out the SearchEstinAspen Section to find all kinds of hidden treasures. Over ten years have gone into building this archive.


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. The Q1 2017 & 2016 Year End report will be released this week, I hope, as will Q4 2016 stats.

An article appeared in the Denver Post Sunday Feb 26th on Colorado Mountain resort real estate including Aspen and Pitkin County. 

Bottom Line:  Estin Report: Apr 2017 Aspen Real Estate Market Snapshot Excerpt:

“Aspen real estate is in turn-a-round mode from a dismal 2016 when global uncertainty curtailed buyers’ appetite for luxury high end 2nd home purchases. Post-election 2016, an upper-end Aspen real estate recovery is in full bloom.

In April 2017, for the combined Aspen/Snowmass Village market, the number of units sold is up +25%, from 28 last year to 35 this year. The number of properties that went under contract in April 2017 was 30 versus 25 last year. Under contracts are viewed as an indicator of future activity.

But the surging market activity grabbing local headlines is very specific: location specific, property specific, style/design specific, property age specific..
. There’s inside the roundabout and there’s outside. Not everyone’s partying at present.

If you want to pay through your teeth, pour money into developer’s pockets who saw these things coming 2-4 years ago, be a part of the great migration closer into town… If you want to find good-to-great values and motivated sellers in to-die-for stunningly beautiful settings 5-15 minutes beyond downtown Aspen, play the contrarian hand and rediscover and embrace the areas and neighborhoods the Aspen settler generation of the 1960’s through the 1980’s came to Aspen for…””

040317 Estin Report AspSMV Q117 and 2016Yr Performance Comparison 590w 72res
Click tables to enlarge

New Charts Below: Historic Pace of Aspen and Snowmass Village Homes, Condos and Vacant Land / Lots by Dollar Sales and Unit Sales Updated with Q1 2017. (These charts are very popular and will be updated every quarter):

These new charts were originally posted in Current Reports on 02/15/17 through Q4 2016. They have been updated with Q1 2017 stats. The charts are: the historic pace of dollar and unit sales since 2006 separately for Aspen and Snowmass Village (SMV) by property types: 1) all properties combined; 2) single family homes; 3) condos; 4) vacant land / lots. (Fractionals, with the exception of extreme sales, are not included.)

Sales velocity, or pace, whether by dollar volume or unit sales is extremely useful to consider ss the unit sales drop-off in the 2nd Half 2007 so foreshadowed the Great Recession. 

While many real estate professionals use dollar volume sales as the single metric for sales performance (it often looks ‘better’), unit sales are a more reliable measure of market activity. Dollar sales can be skewed disproportionately by extreme high or low end priced sales.

Clients often ask, “Where are we now compared to the Great Recession…?”. These charts offer a solid reference for that conversation. In this instance, the starting point for the trend line is 2006, but, of course, where the trend line commences will affect its outcome…If the charts had started at 2009, the trend would be more upwards at present than is shown here.

As this is written, post-election Nov 2016 through Mar 31, 2017(see charts through Q1 2017), sales have picked up considerably and are decidedly on an upward trajectory.

021517 Estin Report Aspen Real Estate Historic All Properties Unit Sales 590w96res

Click link to see additional charts
for Aspen and SMV by property types thru Mar 31, 2017 (Q1).

“Flip Job” Examples: See recent Before/After redevelopment  in the new 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 (01/04/17) as additional re-sale properties come on the market at significantly higher prices.

___________

Market Activity Week 19, May 7 – 14, 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 (17):  MLS#s 140596, 139928, 142816, 143563, 144465, 145358, 146782, 146868, 147156, 147516, 147759, 147952, 148030, 148208, 148823, 148869, 148914. This link is valid until 6/13/2017.

Under Contract/Pending (3): MLS#s 141963, 145603, 147239. This link is valid until 6/13/2017.

Aspen Snowmass Solds Last Week:  


MLS #147516 – West End, 815 Roaring Fork Road, Aspen, CO. Sold Price: $10,500,000/$1,883 sq ft; unfurnished. More details below photos.
Aspen real estate 051417 147516 815 Roaring Fork Road 1 590W  Aspen real estate 051417 147516 815 Roaring Fork Road 2 590W  Aspen real estate 051417 147516 815 Roaring Fork Road 3 190H Aspen real estate 051417 147516 815 Roaring Fork Road 4 190H
MLS #147516 – West End, 815 Roaring Fork Road, Aspen, CO. Sold Price: $10,500,000/$1,883 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $10,950,000. (Original Price: $10,950,000 and 92 days on the market since 02/07/2017.) This is a 2004 built, 4 bedroom/4 bath/2 half-bath, 5,574 sq ft single family residence with 2 car garage on a 18,849 sq ft lot. Broker comments are “A rare offering on Roaring Fork Road – where one finds the largest parcels in the West End. This 18,849 sq.ft lot features a 5,574 sq.ft home re-built in 2004. The zoning allows for 4,728 sq.ft above grade for a single-family home or 5,148 sq.ft for a duplex. All sub-grade space is exempt and is in addition to the above grade calculations. Outdoor entertaining spaces include the large at-grade terrace in the backyard to the 2 upper-level terraces that offer stunning views of Aspen Mountain. Enjoy the Aspen lifestyle from this property’s close proximity to the Aspen Music Festival & School’s Harris Concert Hall, Benedict Music Tent, the Aspen Institute campus to the trails accessing the Rio Grande Trail or the shuttle to the center of town.” 2016 taxes: $23,557. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/09/2017; Sold Date: 05/10/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #147156 – Townsite of Aspen, Central Core, 971 Ute Avenue, Aspen, CO. Sold Price: $9,637,500/$2,067 sq ft; furnished. More details below photos.
Aspen real estate 051417 147156 971 Ute Avenue 1 590W  Aspen real estate 051417 147156 971 Ute Avenue 2 590W  Aspen real estate 051417 147156 971 Ute Avenue 3 190H Aspen real estate 051417 147156 971 Ute Avenue 4 190H  Aspen real estate 051417 147156 971 Ute Avenue 5 190H Aspen real estate 051417 147156 971 Ute Avenue 6 190H
MLS #147156 – Townsite of Aspen, Central Core, 971 Ute Avenue, Aspen, CO. Sold Price: $9,637,500/$2,067 sq ft; furnished. Aspen single family residence for sale. Ask Price: $9,900,000. (Original Price: $9,900,000 and 140 days on the market since 12/20/2016.) This is a 1996 built and 2002 remodeled, 4 bedroom/4 bath/1 half-bath, 4,662 sq ft single family residence with 2 car garage on a 4,588 sq ft lot. The property is across the street from the Aspen Club entry on Ute Avenue. Broker comments are “Rare Ute Avenue home! Immaculate condition! Just a short walk to downtown Aspen. Ski within yards of the drive via Gant ski access. Tennis court use and permanent right to use private access to court. Wood, stone, large log beam accents. Great layout – office can become a fifth bedroom. High ceilings, top quality finishes. Easement for additional land in back not included in lot square feet. Call Ed for details.” 2015 taxes: $13,963. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/28/2017; Sold Date: 05/09/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #148823 – Townsite of Aspen, Central Core Commercial, 420 E Hyman Avenue, Aspen, CO. Sold Price: $8,250,000 sq ft. More details below photo.
Aspen real estate 051417 148823 420 E Hyman Avenue 1 590W
MLS #148823 – Townsite of Aspen, Central Core Commercial, 420 E Hyman Avenue, Aspen, CO. Sold Price: $8,250,000 sq ft. Aspen commercial industria for sale. Ask Price: $8,500,000. (Original Price: $8,500,000 and 420 days on the market since 03/07/2016.) This is a 1972 built, 5,197 sq ft commercial industria on a 3,000 sq ft lot. Broker comments are “Prime location mixed-use building with retail, restaurant, office, apartments and approved land use application for redevelopment.” 2016 taxes: $39,417. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/18/2016; Sold Date: 05/01/2017. (Photos and broker comments courtesy of Setterfield & Bright)
MLS #144465 – West Meadow, West Aspen, 1345 Mountain View Drive, Aspen, CO. Sold Price: $5,300,000/$1,013 sq ft; furnished. More details below photos.
Aspen real estate 051417 144465 1345 Mountain View Drive 1 590W  Aspen real estate 051417 144465 1345 Mountain View Drive 2 190H Aspen real estate 051417 144465 1345 Mountain View Drive 3 190H  Aspen real estate 051417 144465 1345 Mountain View Drive 4 190H Aspen real estate 051417 144465 1345 Mountain View Drive 5 190H  Aspen real estate 051417 144465 1345 Mountain View Drive 6 190H Aspen real estate 051417 144465 1345 Mountain View Drive 7 190H
MLS #144465 – West Meadow, West Aspen, 1345 Mountain View Drive, Aspen, CO. Sold Price: $5,300,000/$1,013 sq ft; furnished. Aspen single family residence for sale. Ask Price: $5,650,000. (Original Price: $5,995,000 and 338 days on the market since 06/06/2016.) This is a 2004 built and 2015 remodeled, 4 bedroom/4 bath/2 half-bath, 5,229 sq ft single family residence with 2 car garage on a 15,030 sq ft lot. Great family home in super friendly famiy neighborhood. Broker comments are “Recent renovation in one of our town’s loveliest neighborhoods. new living room, huge chef’s kitchen w/ breakfast seating, updated baths, study which could be a 5th bdrm, and built-ins throughout. Other features: formal dining room w/ wine cooler, gracious and private master suite w/ jetted tub and steam shower, hardwood floors, family/TV room, gym, lg mudroom, AC, snowmelted deck w/ irrigated, built-in flowering planters and stone firepit for yr-round entertaining, 2-car garage. This happy house is filled with light and sunshine from its many windows. Great fenced yard for kids and doggies. Views of Red Mtn and top of Shadow Mtn. Easy to catch school bus or cross-town shuttle; short walk to access biking/hiking trails.See Addendu” 2016 taxes: $11,783; HOA Dues: $50 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/11/2017; Sold Date: 05/10/2017. (Photos and broker comments courtesy of Berkshire Hathaway Homeservices | Aspen Snowmass Properties)
MLS #148869 – East Aspen, 107 Park Avenue, Aspen, CO. Sold Price: $3,294,500/$1,044 sq ft; unfurnished. More details below photos.
Aspen real estate 051417 148869 107 Park Avenue 1 590W c  Aspen real estate 051417 148869 107 Park Avenue 2 190H Aspen real estate 051417 148869 107 Park Avenue 3 190H  Aspen real estate 051417 148869 107 Park Avenue 4 190H Aspen real estate 051417 148869 107 Park Avenue 5 190H
MLS #148869 – East Aspen, 107 Park Avenue, Aspen, CO. Sold Price: $3,294,500/$1,044 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $3,294,500. (Original Price: $3,294,500 and 31 days on the market since 04/07/2017.) This is a 1994 built and 2013 remodeled, 5 bedroom/3 bath, 3,261 sq ft single family residence with 2 car garage on a 7,744 sq ft lot. Broker comments are “Sold before MLS.” 2016 taxes: $7,017. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/07/2017; Sold Date: 05/08/2017. (Photos and broker comments courtesy of Aspen Associates Realty)
MLS #148030 – North Nell Condominiums, Central Core, 555 E Durant Avenue 2I, Aspen, CO. Sold Price: $2,950,000/$1,998 sq ft; unfurnished. More details below photo.
Aspen real estate 051417 148030 555 E Durant Avenue 2l 1 590W
MLS #148030 – North Nell, Central Core, 555 E Durant Avenue 2I, Aspen, CO. Sold Price: $2,950,000/$1,998 sq ft; unfurnished. Aspen condo for sale. Ask Price: $2,950,000. (Original Price: $2,950,000 and 56 days on the market since 03/15/2017.) This is a 3 bedroom/2 bath/1 half-bath, 1,476 sq ft condo with 1 car garage on a 80,000 sq ft lot. No broker comments. 2016 taxes: $5,339. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/16/2017; Sold Date: 05/10/2017. (Photos and broker comments courtesy of Raczak Real Estate CO Inc.)
MLS #142816 – Eastwood, East Aspen, 150 Roaring Fork Drive, Aspen, CO. Sold Price: $2,675,000/$713 sq ft; partial-furnished. More details below photos.
Aspen real estate 051417 142816 150 Roaring Fork Drive 1 590W  Aspen real estate 051417 142816 150 Roaring Fork Drive 2 590W  Aspen real estate 051417 142816 150 Roaring Fork Drive 3 190H Aspen real estate 051417 142816 150 Roaring Fork Drive 4 190H
MLS #142816 – Eastwood, East Aspen, 150 Roaring Fork Drive, Aspen, CO. Sold Price: $2,675,000/$713 sq ft; partial-furnished. Aspen single family residence for sale. Ask Price: $2,890,000. (Original Price: $3,300,000 and 331 days on the market since 02/19/2016.) This is a 1988 built and 2010 remodeled, 4 bedroom/3 bath, 3,750 sq ft single family residence with 2 car garage on a 30,334 sq ft lot. The property is selling at or near lot value and has terrific views looking east up Independence Pass and towards Aspen Mountain. Broker comments are “4 bed/ 3 bath home boasts excellent views from Independence Pass to Aspen Mountain from its 4 spacious decks and a rare private location overlooking Northstar Preserve. Well maintained and updated bathrooms and kitchen featuring Wolf range and oven, granite counters, cherry cabinets and an attractive stainless steel exhaust hood. This home is mere minutes to downtown Aspen on the quiet East Side and has tremendous potential as a primary residence or vacation getaway.” 2015 taxes: $5,509. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/02/2017; Sold Date: 05/11/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #147759 – Durant Condos, Central Core, 748 S Galena Street 4-D, Aspen, CO. Sold Price: $2,400,000/$1,981 sq ft; furnished. More details below photos. 
Aspen real estate 051417 147759 748 S Galena Street 4 D 1 590W  Aspen real estate 051417 147759 748 S Galena Street 4 D 2 590W  Aspen real estate 051417 147759 748 S Galena Street 4 D 3 190H Aspen real estate 051417 147759 748 S Galena Street 4 D 4 190H  Aspen real estate 051417 147759 748 S Galena Street 4 D 5 190H Aspen real estate 051417 147759 748 S Galena Street 4 D 6 190H
MLS #147759 – Durant Condos, Central Core, 748 S Galena Street 4-D, Aspen, CO. Sold Price: $2,400,000/$1,981 sq ft; furnished. Aspen condo for sale. Ask Price: $2,500,000. (Original Price: $2,590,000 and 77 days on the market since 02/22/2017.) This is a 1969 built and 2015 remodeled, 3 bedroom/2 bath, 1,211 sq ft condo. Durant Condos recently underwent a complete exterior remodel that makes it one the nicest, more contemporary looking condo complexes in Aspen. Units are in demand and trade relatively promptly. Broker comments are “Stylishly renovated & decorated 3-bedroom Durant condo well-located just one flight up. One of the larger 3-bedrooms in complex with 1,211 sf, offering higher (9 foot) ceilings. Beautiful bathrooms & furnishings. New floor to ceiling windows offering great light & mountain views. Easy ski-in/ski-out access via ski bridge that connects directly to Aspen Mountain, close walking distance to all of Aspen’s restaurants and shopping. Exterior has been impressively & extensively remodeled with design completed by Poss Architecture. Additional amenities include plaster walls, wood-burning fireplace, stainless steel appliances, combo washer/dryer, off-street parking, ski locker, onsite management, owner pets allowed.” 2016 taxes: $3,513; HOA Dues: $1,320 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/05/2017; Sold Date: 05/10/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #145358 – Silver Glo, Central Core, 940 Waters Avenue Unit #306, Aspen, CO. Sold Price: $765,000/$1,077 sq ft; furnished. More details below photos.
Aspen real estate 051417 145358 940 Waters Avenue Unit 306 1 590W  Aspen real estate 051417 145358 940 Waters Avenue Unit 306 2 590W  Aspen real estate 051417 145358 940 Waters Avenue Unit 306 3 190H Aspen real estate 051417 145358 940 Waters Avenue Unit 306 4 190H  Aspen real estate 051417 145358 940 Waters Avenue Unit 306 5 190H Aspen real estate 051417 145358 940 Waters Avenue Unit 306 6 190H
MLS #145358 – Silver Glo, Central Core, 940 Waters Avenue Unit #306, Aspen, CO. Sold Price: $765,000/$1,077 sq ft; furnished. Aspen condo for sale. Ask Price: $775,000. (Original Price: $899,000 and 283 days on the market since 07/26/2016.) This is a 1970 built and 2008 remodeled, 2 bedroom/2 bath, 710 sq ft condo. Broker comments are “Desirable top floor 2 bedroom 2 bath completely renovated and furnished unit facing Aspen Mountain to the south and Red Mountain to the north. Units 305 and 306 are adjoining, opportunity to have 4 bedrooms next to each other. Located 3 blocks to City Market and 4 blocks to the gondola. Great rental potential. On site management, pool area and ample parking. 24 hrs notice to show.” 2016 taxes: $1,933; HOA Dues: $6,828 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/06/2017; Sold Date: 05/05/2017. (Photos and broker comments courtesy of Frias Properties of Aspen)
No Photo in MLS for this condo in Central Core.
MLS #148914 – Park Central West, Central Core, 210 E Hyman 8, Aspen, CO. Sold Price: $582,000/$1,568 sq ft; unfurnished. Aspen condo for sale. Ask Price: $582,000. (Original Price: $582,000 and 35 days on the market since 04/07/2017.) This is a 1981 built, 1 bedroom/1 bath, 371 sq ft condo. Broker comments are “sold before mls.” 2016 taxes: $1,132. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/07/2017; Sold Date: 05/12/2017. (Photos and broker comments courtesy of Aspen Associates Realty)
MLS #140596 – Central Core Office Space, 630 E Hyman Ave #207, Aspen, CO. Sold Price: $470,000 sq ft. More details below photos.
Aspen real estate 051417 140596 630 E Hyman Ave 207 1 590W  Aspen real estate 051417 140596 630 E Hyman Ave 207 2 190H Aspen real estate 051417 140596 630 E Hyman Ave 207 3 190H
MLS #140596 – Central Core Office Space, 630 E Hyman Ave #207, Aspen, CO. Sold Price: $470,000 sq ft. Aspen commercial industria for sale. Ask Price: $529,900. (Original Price: $599,000 and 633 days on the market since 08/14/15.) This is a 1969 built, 577 sq ft commercial industria office space. Broker comments are “Downtown commercial space offered for sale on the second floor of the remodeled Crandall Building and ready to be customized. Great location just a few blocks from the gondola and across from the Aspen Art Museum. Views towards Hyman Ave., Shadow Mountain and part of Aspen Mountain. Air conditioning, elevator and stair access, and the ability to add a private bath.” 2016 taxes: $5,515; HOA Dues: $400 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/23/2017; Sold Date: 05/08/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #147952 – Ridge Run, 240 Stellar Lane, Snowmass Village, CO: Sold Price: $4,300,000/$871 sq ft; furnished. More details below photos.
Aspen real estate 051417 147952 240 Stellar Lane 1 590W  Aspen real estate 051417 147952 240 Stellar Lane 2 590W  Aspen real estate 051417 147952 240 Stellar Lane 3 190H Aspen real estate 051417 147952 240 Stellar Lane 4 190H  Aspen real estate 051417 147952 240 Stellar Lane 5 190H Aspen real estate 051417 147952 240 Stellar Lane 6 190H
MLS #147952 – Ridge Run, 240 Stellar Lane, Snowmass Village, CO: Sold Price: $4,300,000/$871 sq ft; furnished. Snowmass Village single family residence for sale. Ask Price: $4,645,000. (Original Price: $4,645,000 and 259 days on the market since 08/19/2016.) This is a 2007 built, 4 bedroom/4 bath/2 half-bath/1 den, 4,932 sq ft single family residence with 2 car garage on a 32,234 sq ft lot. Broker comments are “Perched high above Ridge Run in Snowmass Village is a big house with a warm heart. Whether you are gathered in the open kitchen/dining/main living area around a cozy fire or enjoying the generous outdoor patio, complete with hot tub, built-in grill and wood-burning fire place, this house is truly a vacation retreat all year long. In winter, you will appreciate having ski-in/ski-out access onto the Snowmass Ski Area. At any time of year just step outside the front door and take long walks while soaking in the natural beauty and pristine air. The spectacular setting among tall aspen trees and mature pines and the endless starry nights will make it hard to leave.” 2016 Taxes: $16,648; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/28/2017; Sold Date: 05/12/2017. (Photos and broker comments courtesy of Engel & Völkers)
MLS #139928 – Wood Run, 1627 Wood Road, Snowmass Village, CO: Sold Price: $3,200,000/$746 sq ft; furnished. More details below photos.
Aspen real estate 051417 139928 1627 Wood Road 1 590W  Aspen real estate 051417 139928 1627 Wood Road 2 590W  Aspen real estate 051417 139928 1627 Wood Road 3 190H Aspen real estate 051417 139928 1627 Wood Road 4 190H  Aspen real estate 051417 139928 1627 Wood Road 5 190H Aspen real estate 051417 139928 1627 Wood Road 6 190H
MLS #139928 – Wood Run, 1627 Wood Road, Snowmass Village, CO: Sold Price: $3,200,000/$746 sq ft; furnished. Snowmass Village single family residence for sale. Ask Price: $3,495,000. (Original Price: $4,950,000 and 672 days on the market since 07/06/2015.) This is a 1969 built and 2005 remodeled, 6 bedroom/6 bath, 4,288 sq ft single family residence with 2 car garage on a 29,622 sq ft lot. It is sold at or near lot value, and it will be demolished. Broker comments are “This is the quintessential ski-in/out family home with six bedrooms, six baths and unique panoramic views of Snowmass Mountain and the valley below like no other location in Snowmass Village. Perched at the top of the private ski trail known to Wood Run homeowners as Guggenhill, this building site was one of the first lots developed in 1967 and selected for its outstanding Sam’s Knob and valley views with direct ski access to the base of Snowmass mountain. The West house boasts two living rooms and two master suites all with outstanding mountain views. Included in the 6 bedrooms is a 1 bedroom annex connected via bridge to main house. Perfect privacy for guests or to be used as a separate rental unit.” 2015 Taxes: $9,702; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/17/2017; Sold Date: 05/08/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #148208 – Horse Ranch, 259 Branding Lane, Snowmass Village, CO: Sold Price: $2,550,000/$757 sq ft; furnished. More details below photos.
Aspen real estate 051417 148208 259 Branding Lane 1 590W  Aspen real estate 051417 148208 259 Branding Lane 2 590W  Aspen real estate 051417 148208 259 Branding Lane 3 190H Aspen real estate 051417 148208 259 Branding Lane 4 190H  Aspen real estate 051417 148208 259 Branding Lane 5 190H Aspen real estate 051417 148208 259 Branding Lane 6 190H
MLS #148208 – Horse Ranch, 259 Branding Lane, Snowmass Village, CO: Sold Price: $2,550,000/$757 sq ft; furnished. Snowmass Village single familyresidence for sale. Ask Price: $2,800,000. (Original Price: $2,800,000 and 43 days on the market since 03/29/2017. The seller paid $2.26M on 05/19/04.) This is a 1994 built and 2000 remodeled, 4 bedroom/5 bath/1 den, 3,366 sq ft single family residence with 2 car garage on a 25,044 sq ft lot. At tBroker comments are “This thoughtful Horse Ranch home offers expansive views of Aspen Mountain, Buttermilk, Highlands, and Snowmass Ski areas with an adjoining private hillside sanctuary to open space. Main floor plan reveals the majestic views with an open space flow. This home features 3,366 square feet with 4 bedrooms, 5 bathrooms, a 2 car garage, resting on a little over half an acre. This home features a humidification system throughout. Extensively remodeled in 2000 and recently upgraded with new kitchen appliances, windows, and landscaping, this house is meticulously maintained. 259 Branding Lane is .25 miles from bus stop and 0.5 miles from the Snowmass Recreation Center making it the quintessential Horse Ranch home” 2016 Taxes: $9,131; HOA Dues: $190 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/10/2017; Sold Date: 05/11/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
MLS #146782 – Shadowbrook, 105 Campground Lane 102, Snowmass Village, CO: Sold Price: $1,150,000/$648 sq ft; furnished. More details below photos.
Aspen real estate 051417 146782 105 Campground Lane 102 1 590W  Aspen real estate 051417 146782 105 Campground Lane 102 2 590W  Aspen real estate 051417 146782 105 Campground Lane 102 3 190H Aspen real estate 051417 146782 105 Campground Lane 102 4 190H  Aspen real estate 051417 146782 105 Campground Lane 102 5 190H Aspen real estate 051417 146782 105 Campground Lane 102 6 190H
MLS #146782 – Shadowbrook, 105 Campground Lane 102, Snowmass Village, CO: Sold Price: $1,150,000/$648 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $1,250,000. (Original Price: $1,250,000 and 191 days on the market since 11/02/2016.) This is a 1968 built, 3 bedroom/4 bath/1 den, 1,774 sq ft condo. Broker comments are “Look no further than Shadowbrook 102 for your next address! Three bedrooms, four full bathrooms, two additional twin day beds and 1,774 square feet allow for enough room for the extended family. Each suite has its own separate entrance providing the ability to lock one or more off for rental income. Two of the bedrooms offer direct ski-in and -out access to Fanny Hill on Snowmass Mountain. Additional features include three wood-burning fireplaces, two master suites, two private balconies, one covered assigned parking space, owner storage, north facing mountain views, and an updated kitchen with granite counters and stainless appliances. This residence is priced to sell and primed for improvement.” 2016 Taxes: $4,739; HOA Dues: $19,000 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/10/2017; Sold Date: 05/12/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)
MLS #143563 – Country Club Homes, 467 Snowmass Club Circle Unit 27, Snowmass Village, CO: Sold Price: $900,000/$678 sq ft; furnished. More details below photos.
Aspen real estate 051417 143563 467 Snowmass Club Circle Unit 27 1 590W  Aspen real estate 051417 143563 467 Snowmass Club Circle Unit 27 2 590W  Aspen real estate 051417 143563 467 Snowmass Club Circle Unit 27 3 190H Aspen real estate 051417 143563 467 Snowmass Club Circle Unit 27 4 190H  Aspen real estate 051417 143563 467 Snowmass Club Circle Unit 27 5 190H Aspen real estate 051417 143563 467 Snowmass Club Circle Unit 27 6 190H
MLS #143563 – Country Club Homes, 467 Snowmass Club Circle Unit 27, Snowmass Village, CO: Sold Price: $900,000/$678 sq ft; furnished. Snowmass Village townhouse for sale. Ask Price: $980,000. (Original Price: $1,195,000 and 386 days on the market since 04/14/2016.) This is a 1981 built and 2004 remodeled, 2 bedroom/2 bath/1 half-bath/1 loft, 1,326 sq ft townhouse with 1 car garage. Broker comments are “Delightful Country Club Townhome located in the heart of the Snowmass Club. Backing up to the creek, Townhome #27 has 2 bedrooms, 2.5 baths and a large loft for storage. Hardwood floors, remodeled kitchen and built ins on the entry floor make the unit feel much larger than it measures. The back patio and private deck off the master bedroom upstairs offers great living spaces inside and out. Owners added air conditioning units to the upper level making this unit even more enjoyable during the summer. Free shuttle service is provided during the year to all of Snowmass Village, and the Snowmass Golf Course and Snowmass Club are just a quick 5 minute walk. A true community is available in this area of Snowmass with many owners living the entire summer or winter here. Rental Restrictions under documents” 2016 Taxes: $3; HOA Dues: $9,138 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/03/2017; Sold Date: 05/08/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
MLS #146868 – Tamarack, 135 Carriage Way 29, Snowmass Village, CO: Sold Price: $740,000/$555 sq ft; furnished. More details below photos.
Aspen real estate 051417 146868 135 Carriage Way 29 1 590W  Aspen real estate 051417 146868 135 Carriage Way 29 2 190H Aspen real estate 051417 146868 135 Carriage Way 29 3 190H  Aspen real estate 051417 146868 135 Carriage Way 29 4 190H Aspen real estate 051417 146868 135 Carriage Way 29 5 190H
MLS #146868 – Tamarack, 135 Carriage Way 29, Snowmass Village, CO: Sold Price: $740,000/$555 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $797,000. (Original Price: $797,000 and 1,022 days on the market since 03/19/2014.) This is a 1969 built and 1999 remodeled, 4 bedroom/3 bath, 1,332 sq ft condo. Broker comments are “By far the most economically priced ski accessible four-bedroom property in all of Aspen and Snowmass! Rarely available four-bedroom townhouse at the Tamarack. One of only six in the entire complex. Located across the street from Base Village, Fanny Hill and the Treehouse Kid’s Adventure Center. True townhouse living, nobody above or below you. Plenty of room for the large family. Two gas fireplaces, one in the living room with dry-stack stone surround and one in the master suite. Located on the interior of the property and adjacent to the outdoor heated pool and two hot tubs. Owner’s expanded the size of the property from its original. Pet allowed for owner. Great rental!” 2016 Taxes: $2,299; HOA Dues: $13,521 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/11/2017; Sold Date: 05/10/2017. (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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