Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (7) and Under Contract / Pending (3): May 15 – 22, 11

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.

Under Contract / Pending (3): MLS # 121002, 117738, 116367. This link is valid for 30 days until 6/21/2011. Photos and description of pending properties are not posted unless special circumstances warrant.

Closed (7): MLS # 117026, 116383, 119838, 119183, 116202, 119493, 119755. This link is valid for 30 days until 6/21/2011. Photos and property descriptions appear below.

Featured Aspen Sold Property Last Week:
MLS #116202 – 455 Thunderbowl Dr, Aspen Highlands, CO Sold Price: $14,000,000/$1,640 sq ft.
More property descriptions below.

MLS # 116202 – Ski-in/Ski-out single family home, Aspen Highlands , 455 Thunderbowl Lane Aspen, CO: Sold Price: $14,000,000/$1,640 sq ft; Ask Price: $15,200,000/$1,782 sq ft (Original Price: $17,700,000 and 377 days on the market.) This is a 2006 built, 8,532 sq ft ski-in/out home with 5 bedrooms/6 baths/2 half baths, 2-car garage on .7 slope-side acres.The broker’s remarks are, “Sold furnished with audio/video. Art is not included and a list of exclusions can be provided during due diligence.”. 2009 Taxes: $52,921 Yr; HOA Dues: TBD. Aspen Highlands Transfer Tax applies to buyer.Sold Date: 05/17/11. (photos and description courtesy of Aspen Estates.)

MLS # 117029 – Vacant river front lot – 1260 Red Butte Dr, Aspen, CO: Sold Price: $2,522,000; Ask Price: $3,250,000 (Original Price: $4,995,000 and on the market 1,079 days since 11/20/2009.) This is river lot sale with a tear down home on .54 acres in a quiet subdivision known for its larger 1/2 to 1 acrte lots and river frontage.The area is near the Cemetery Lane bus shuttle into town and close to the Rio Grande Trail providing a 1 1/2 mile bike ride, walk or jog into town.The broker’s comments are, “Unique opportunity to have it all…location, river, views, sun and open space. Current one level home is livable and clean. Remodel or redevelopment opportunity for just under 5,000 square feet above grade plus below grade space on a beautiful flat lot with utilities in place. Lots of sun, rare for river front property. Partial views of Aspen Mountain, Buttermilk, Red Mountain and towards Independence Pass. Just minutes to downtown Aspen and only a short walk to the Rio Grande Trail. Plans for a 7,000+ sq ft home and a large two car garage on file. HOA dues are minimal for shared expenses. Owner financing available.” Under Contract Date: 02/23/11; Sold Date: 05/12/11. No transfer tax. (Photos and description courtesy of Aspen Associates Realty Group.)

MLS # 119493 – Ski-in/ski-out slopeside condo, Stonebridge Condominiums #644, 30 Anderson Lane, Snowmass Village, CO: Sold Price: $1,860,055/$1,019 sq ft; Ask Price: $1,985,000/$1,088 sq ft. (Original Price: $ 2,695,000 and 265 days on the market since 01/12/09. ) The broker’s remarks are, ” Recently remodeled spacious 4 bedroom top floor unit with close up views overlooking Fanny Hill and the ski slope. Within 2 minutes walk to Base Village Plaza and to the Snowmass Mall. Take the elevator down,put your skis on and start making turns.” 2010 Tax: $7,216; HOA Dues: $20,324 Yr. Under Contract Date: 2/23/11; Sold Date: 4/26/11. Town of Snowmass Transfer Tax of approx. 1% payable by buyer. (Photos and description courtesy of Chaffin Light Real Estate Snowmass Village.)

MLS # 119755 – West Aspen Aspen Villas condo near downtown, 814 W Bleeker Street C-2 Aspen, CO: Sold Price: $848,250/$ sq ft; Ask & Original Price: $895,000/$659 sq ft. and 99 days on the market since 02/10/11. This is a 1972 built/2006 remodeled 3 bedroom/2 bath, 1,357 sq ft condo near W. 7th & Main Street (close to Hickory House restaurant). The brokers comments are, ” Beautifully remodeled 3 bedroom/2 bath condo within walking distance to town and the Music Tent or just a stone’s throw to the bus stop. The three levels offer plenty of room with Master bedroom privacy. Granite kitchen counter tops with new appliances, hardwood/tile/carpet floors, gas fireplace, outdoor patio area for entertaining and barbeques & assigned parking. With it being one of the best locations to access all 4 ski mountains – why pay ‘in-town’ prices for less bedrooms and space?” 2009 Taxes: $1,735 Yr; HOA Dues: $1,500 Qtr. Under Contract Date:03/30/11 ; Sold Date:05/20/11. 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 # 119183 – Ski-in/out slopeside Top of Village #201, 855 Carriage Way Slope, Snowmass Village, CO: Sold Price: $739,500$/$684 sq ft; Ask Price: $795,000/$736 sq ft. (Original Price $1,280,000 and 1,434 days on the market since 5/10/07.) THis is a 1974 built/2002 remodeled, 2 bedroom/2 bath, 1,080 sq ft skier’s condo sold furnished and historically with great rental income due to its on-the-slope location. The broker’s comments are, “Charming 2 bedroom, 2 bath slopeside condominium has the perfect ski access, views of the mountain and covered parking. Top rated management with many great amenities including a clubhouse, pool, hot tub and to-your-door shuttle service. A perfect investment opportunity or use it for yourself.” 2010 Taxes: $3,492 Yr; HOA Dues: $11,770 Yr. Town of Snowmass Transfer Tax payable by buyer. Under Contract Date: 04/02/11; Sold Date: 05/17/11. (Photos and description courtesy of Chaffin Light Real Estate Snowmass Village.)

MLS # 116383 – River’s Bend Condominium, 4070 Lower River Road 4 Snowmass, CO: Sold Price: $294,000/$255 sq ft; Ask Price: $325,000/$282 sq ft. (Original Price: $529,000 and 367 days on the market since 05/19/10.) This is a bank sale of a 1964 built, 2 bedroom/1 bath, 1,152 sq ft condo with a 1-car garage. The broker’s comments are, “Two bedroom, one bath condo in a quiet location. This unit has wonderful river views, a one car garage and is in excellent move in ready condition. Come see all this property has to offer! Bank of America Home Loans Pre-qualification required on all offers. Free appraisal and credit report if buyer finances through Bank of America.” 2010 Taxes: $1,458 Yr; HOA Dues: $496 mos. Under Contract Date: 04/05/11; Sold Date: 05/11/11. (Photos and description courtesy of Resort Realty Group.)


MLS # 119838 – Old One Hundred Condominium #113, Downtown Aspen, 900 E Durant Avenue, Aspen, CO: Sold Price: $1,600,000/$1,186 sq ft; Ask and Original Price: $1,750,000/$1,297 sq ft. and 87 days on the market since 02/18/11.) This is a 1970 built/2011 remodeled, 3 bedroom/3 bath, 1,349 sq ft, Aspen Core condo 3 blocks from the Aspen Mountain Gondola sold furnished. The broker’s description is, “2011 remodel. Let us count the ways you will love and enjoy this in town core Aspen residences. All day sun on the two levels, furnished, three bedrooms, three baths condominium has high ceilings great room that features wall-to-wall two story windows (views up Aspen Mt.), fireplace, flat screen, and new hardwood Brazilian Cherry floorings. Kitchen has been thoroughly rebuilt from floor to ceiling making this a turn-key Aspen residence. Ideally situated just 2.5 blocks to Silver Queen Gondola Ski Lift (25 minutes to Sundeck) or walk to dining and shopping at epic levels through-out the town. HOA includes HEAT, cable, contingency fund, sewer, snow removal, trash removal and seniority wait list parking policy. Contact listing broker for more information. Pets okay with HOA approval. ” 2009 Taxes: $5,289 Yr; HOA Dues: $11,893 YR. Under Contract Date: 03/30/11 Sold Date: 05/16/11. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Aspen Real Estate Company.)

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