Aspen Real Estate Market Last Week’s Sales: Jan 19 – 26, 2020 – Week 4
Closed (8) + Under Contract / Pending (10). [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.]
Charts just posted: Estin Report Q1 2008 – Q4 2019: Aspen & Snowmass Historic Real Estate Market Performance Charts by Property Types and Dollar & Unit Sales These charts are broken down by each market, Aspen and Snowmass, and by property types: single family homes, condos and vacant land and compare sales to prior years starting at 2008. They answer the question “Where are we now compared to prior periods?” and indicate market direction with trend lines.
Aspen & Snowmass Village Historic Real Estate Sales Chart Series
The new 2020 Bi-Annual Estin Report is in process now to be released this month. In the meantime, see
Estin Report: Aspen Snowmass Real Estate Market 2019 ws
Blog Post: Jan 19 – 26, 2020 Aspen CO real estate market activity, Week 4
Weekly Aspen and Snowmass CO real estate sales activity appears below for sold and under contracts properties in the upper Roaring Fork Valley over $250,000 – for Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass. Fractional sales are not included. Photos and written descriptions of sold properties are posted here as the MLS links below expire after 30 days. For earlier dates, see the Estin Report blog archives starting in 2008 at the bottom of the page. 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: 161307, 160918, 135595, 156966, 159494, 160812, 162372, 162790. This link is valid until 2/25/2020.
Under Contract/Pending (10): MLS#s: 162335, 161669, 162542, 161383, 161846, 161847, 162736, 160595, 158909, 156111. This link is valid until 2/25/2020.
Sold Properties Last Week:
MLS #135595 -Meanwhile Ranch, 50 E River Ranch Road, Snowmass, CO: Sold Price: $12,250,000/$705 sq ft; furnished. Sold Date: 01/21/2020. More details below photos.
MLS #135595 – Meanwhile Ranch, 50 E River Ranch Road, Snowmass, CO: Sold Price: $12,250,000/$705 sq ft; furnished. Sold Date: 01/21/2020. Old Snowmass homes for sale. Ask Price: $13,995,000. (Original Price: $27,500,000 and on/off the market since 8/29/07.) This is a 2000 built and 2005 remodeled, 7 bedroom/7 bath/2 half-bath, 17,374 sq ft ranch main house, guest house with various outbuildings with 4+ car garage on a 56.35 acres. Tim’s notes; The ranch is located off Lower River Road down river from Woody Creek in Snowmass Canyon. I went to a 2005 and 2006 Christmas Party here complete with horse drawn carriages in the snow from parking to the Main House…It was magical and beautiful. Broker comments are “Meanwhile Ranch is a 56-acre ranch in a natural and private setting bordering millions of acres of White River National Forest. Ride your horse out your backdoor in this recreational paradise set against a backdrop of red rock cliffs in Snowmass Canyon. The name “Colorado” is of Spanish origin meaning “colored red” which perfectly describes the majestic red rock spires of Arbaney-Kittle Ridge and Triangle Peak above. The 11,746 square foot main residence sits on the original site of the Pitkin County Fairgrounds and is reminiscent of the iconic National Park lodges of the great American West. The four-bedroom, five full and two half bath Adirondack style main residence with its 3,000 square foot great room, 35 foot ceilings, massive six foot boulder fireplace, and three sided balcony library evokes the rustic grandeur of Old Faithful Inn. A wine cellar, a media/game room, a separate bar area, two offices, a commercial grade kitchen with two butler’s pantries, a three-car garage, and numerous wrap around porches complete the Kevin Corn interior designed main residence. Enjoy panoramic views including the Continental Divide from the roof top bird’s nest perch. A brand new three-bedroom plus den 2,500 square foot guesthouse with stone fireplace and wood flooring throughout was rebuilt in 2011. Meanwhile Ranch is a horse lover’s dream with a new 7,150 square foot indoor facility with room for twelve stalls, a separate three-stall barn with tack room, an outdoor riding ring and roping pen, and multiple hay barns, and fenced grazing pastures. There is a caretaker’s apartment with a three bedroom and a two-bedroom residence. Additional improvements include a 323 sq. ft. 1886 one-room settler’s cabin and a 1,000 square foot auto showroom and workshop. No need to buy new toys and equipment, as it is sold completely furnished. The property is landscaped to perfection with a tree lined gated entry, raised vegetable gardens and manicured lawns and water features. An easement provides access to gold medal fly-fishing on the Roaring Fork River. Senior water rights are included. It is thirteen miles to downtown Aspen. Meanwhile Ranch is the ideal gathering place for family and friends, a once in a lifetime opportunity that cannot be reproduced today.” 2019 taxes: $49,098. Under Contract Date: 09/16/2019; Sold Date: 01/21/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #162372 – Independence Square Hotel Condominiums, Central Core, 404 S Galena 205, Aspen, CO: Sold Price: $650,000/$2,166 sq ft; furnished. Sold Date: 01/17/2020. More details below photos.
MLS #162372 – Independence Square, Central Core, 404 S Galena 205, Aspen, CO: Sold Price: $650,000/$2,166 sq ft; furnished. Sold Date: 01/17/2020. Aspen condos for sale. Ask Price: $650,000. (Original Price: $650,000 and 38 days on the market since 12/10/2019.) This is a 2016 remodeled, 300 sq ft studio condo/1 bath. Broker comments are “Hidden Jewel in Prime Location. Perfect studio in the epicenter of town on the second floor of the historic Independence Building. Enjoy watching the happenings in town from your two large windows above Ralph Lauren overlooking Cooper Ave and Paradise Bakery. Views of Red Mountain. Fresh, bright and clean with bold decor and hardwood floors and high ceilings. Contemporary furnishings with built-ins makes this a highly requested rental unit. Storage Locker, and Laundry, common area lounge, dining and kitchen, and front desk provides onsite service. Building has been recently upgraded inside and out – assessments have been paid.” 2018 taxes: $1,184; HOA Dues: $13,872 Yr; City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/13/2019; Sold Date: 01/17/2020. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #159494 – Inn At Aspen, West Aspen, 38750 Highway 82 1115, Aspen, CO: Sold Price: $260,000/$749 sq ft; furnished. Sold Date: 01/23/2020. More details below photos.
MLS #159494 – Inn At Aspen, West Aspen, 38750 Highway 82 1115, Aspen, CO: Sold Price: $260,000/$749 sq ft; furnished. Sold Date: 01/23/2020. Aspen condos for sale. Ask Price: $275,000. (Original Price: $295,000 and 238 days on the market since 05/30/2019.) This is a 1969 built and 2018 remodeled, studio/1 bath, 347 sq ft condo. Broker comments are “2018 remodeled King with Kitchenette. Great location with easy access to all amenities and ski lifts.” 2018 taxes: $274; HOA Dues: $7,443. Under Contract Date: 12/06/2019; Sold Date: 01/23/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #162790 – East Aspen, TDR TDR (2 Transferable Development Rights), Aspen, CO: Sold Price: $470,000. Sold Date: 01/23/2020. More details below photos.
MLS #162790 – East Aspen, TDR TDR (2 Transferable Development Rights), Aspen, CO: Sold Price: $470,000. Sold Date: 01/23/2020. Aspen lots for sale. Ask Price: $500,000. (Original Price: $500,000 and 1,117 days on the market since 01/01/2017.) Tim’s notes: At the present time, Pitkin County TDR’s are sterilized development rights in lower density area and/or environmentally sensitive areas, sold by property owners (ranchers, farmers, large land owners) within the County and transferred to County approved receiver sites, typically higher density areas, to property owners who want to build or add-on additional 2,500 sq ft to their property. TDR’s are sold on the open market and in the past 10 years have sold between $150,000 – $300,000. This sale establishes a current single TDR comparable price at $235,000 although there likely was a discount for purchasing two. To learn more, see Pitkin County TDR Program. Broker comments are “Two (2) Pitkin County Transferable Development Rights (TDRs). TDRs are fully perfected and ready for use. PRICING SUBJECT TO CHANGE based on recent proposed changes to the Pitkin County Land Use Code related to the future use of TDRs and max square footage requirements.” Under Contract Date: 01/20/2020; Sold Date: 01/23/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #160812 – 8998 Snowmass Creek Road, Snowmass, CO: Sold Price: $2,800,000/$858 sq ft. Sold Date: 01/24/2020. More details below photos.
MLS #160812 – 8998 Snowmass Creek Road, Snowmass, CO: Sold Price: $2,800,000/$858 sq ft. Sold Date: 01/24/2020. Old Snowmass homes for sale. Ask Price: $3,250,000. (Original Price: $3,250,000 and 170 days on the market since 08/07/2019.) This is a 1986 built, 4 bedroom/3 bath/1 3/4-bath, 3,263 sq ft single family home with 1 car garage on a 35.1 acres lot. Broker comments are “Enjoy fishing, hiking or horseback riding on this 35-acre wooded property straddling Snowmass Creek. Extensive Snowmass Creek frontage and spring fed trout pond to enjoy or relax on the covered porch with views of Snowmass ski area and surrounding peaks. Light and open custom log home with vaulted ceiling, two story river rock fireplace and an abundance of windows makes this a one of a kind get-away. In addition, you will find a caretaker’s cabin, barn/shop, and other outbuildings with endless possibilities for recreation, storage or family fun.” 2019 taxes: $13,805. Under Contract Date: 11/13/2019; Sold Date: 01/24/2020. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Carbondale)
MLS #156966 – Country Club Homes, 444 Snowmass Club Circle #12, Snowmass Village, CO: Sold Price: $2,200,000/$759 sq ft; unfurnished. Sold Date: 01/22/2020. More details below photos.
MLS #156966 – Country Club Homes, 444 Snowmass Club Circle #12, Snowmass Village, CO: Sold Price: $2,200,000/$759 sq ft; unfurnished. Sold Date: 01/22/2020. Snowmass Village townhomes for sale. Ask Price: $2,425,000. (Original Price: $2,650,000 and 1,314 days on the market since 08/04/2015.) This is a 1981 built and 2005 remodeled, 3 bedroom/3 bath/1 half-bath, 2,896 sq ft townhome with 2 car garage. Broker comments are “Great opportunity to own a spacious three bedroom plus loft townhome located on the 2nd fairway of the Snowmass Club. This private corner unit boasts all day sun with gorgeous south facing views of Snowmass Ski Area. The oversized deck with jacuzzi is perfect for entertaining while watching the sun set. Spacious third floor loft for office, extra sleeping area, or entertainment/media room. Large two car garage provides ample space for mountain gear. The Snowmass Club and Free Shuttle services are right outside your door, while having easy access to Aspen via Owl Creek Road. Country Club lifestyle in one of the best resorts in the world.” 2019 taxes: $8,264; HOA Dues: $18,899. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/09/2019; Sold Date: 01/22/2020. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
MLS #160918 – Top of Village Condominiums, 855 Carriage Way Summit 204, Snowmass Village, CO: Sold Price: $1,175,000/$810 sq ft; partially furnished. Sold Date: 01/21/2020. More details below photos.
MLS #160918 – Top of Village Condos, 855 Carriage Way Summit 204, Snowmass Village, CO: Sold Price: $1,175,000/$810 sq ft; partially furnished. Sold Date: 01/21/2020. Snowmass Village condos for sale. Ask Price: $1,275,000. (Original Price: $1,320,000 and 161 days on the market since 08/13/2019.) This is a 1974 built and 2017 remodeled, 3 bedroom/3 bath, 1,450 sq ft condo. Broker comments are “There is no comparison: Style, sophistication and ski in/out access…this three bedroom, three bath ”point” condo underwent a first class remodel that included soundproofing, new fireplace facade and kitchen including new Bosch appliances, plus impeccably selected furnishings throughout. Natural light filled rooms and slopeside views add to the allure. Sleek, warm, inviting and ready to go. High rental potential as this is simply the best unit in all of Top of Village.” 2018 taxes: $3,736; HOA Dues: $14,627. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/09/2019; Sold Date: 01/21/2020. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #161307 – Assay Hill Lodge Hotel Condos, 130 Wood Road 724, Snowmass Village, CO: Sold Price: $290,000/$755 sq ft; furnished. Sold Date: 01/23/2020. More details below photos.
MLS #161307 – Assay Hill Lodge Hotel Condos, 130 Wood Road 724, Snowmass Village, CO: Sold Price: $290,000/$755 sq ft; furnished. Sold Date: 01/23/2020. Snowmass Village condos for sale. Ask Price: $310,000. (Original Price: $310,000 and 140 days on the market since 09/05/2019.) This is a 2009 built and 2019 remodeled, studio/1 bath, 384 sq ft condo. Broker comments are “Freshly upgraded with new furniture and carpets, this residence offers long down valley views overlooking Assay Hill Run. Assay Hill Lodge is a premier property in Snowmass Base Village and offers the high-end services and amenities of a luxury hotel complete with the benefits of full ownership. Owners enjoy front desk and transportation to and from Aspen and the Aspen airport, in-house restaurants, full service spa, ski valet service, fitness center and a beautiful expanded slope side pool area complete with an outdoor bar/restaurant. Combine with the adjacent 1 + den for a 2 + den configuration offering maximum rental flexibility.” 2018 taxes: $2,454; HOA Dues: $9,983. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/26/2019; Sold Date: 01/23/2020. (Photos and broker comments courtesy of SV Real Estate)
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