July 30 – August 6, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (13) + Under Contract / Pending (16)
The Estin Report: July 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports. The Snapshots are usually posted on or near the 1st Monday of the month.
Excerpt from July 2017 Snapshot:
“The Aspen market continues to be in hyper-sales territory. Activity is and feels super-charged. Add to that, early August is the time when buyers get real estate focused with summer’s ending in sight. This is the busiest time of year. We should see a steady stream of offers and under contracts now through the end of September. The Aspen market is bifurcated: there’s inside the roundabout and there’s outside. Aspen’s most coveted neighborhoods…”
Estin Report: Mid-Year 2017 State of Aspen Real Estate was released in June 2017 in Current Reports. The 32-Page report is available on-line as PDF and is available in print in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.
“Flip Job” Examples: See recent Before/After Redevelopmentin the 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 (06/14/17) as additional re-sale properties come on the market at significantly higher prices.
A “Read more” link has been recently added under the 1st of last week’s sold properties displayed below. This will improve site performance.
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Market Activity Week 32, July 30 – August 6, 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 (13): MLS#s 140533, 139667, 143169, 144966, 145249, 145712, 147239, 148709, 149392, 149550, 149676, 149764, 150251. This link is valid until 9/5/2017.
Under Contract/Pending (16): MLS#s 141563, 142529, 142778, 142878, 142951, 144511, 146620, 146913, 148187, 148188, 148440, 148870, 149130, 149613, 149961, 150229. This link is valid until 9/5/2017.
Aspen Snowmass Solds Last Week:
MLS #140533 – Knollwood, East Aspen, 42302 Highway 82 1, Aspen, CO. Sold Price: $10,000,000/$1,987 sq ft. More details below photos.
MLS #140533 – Knollwood, East Aspen, 42302 Highway 82 1, Aspen, CO. Sold Price: $10,000,000/$1,987 sq ft. Aspen single family home for sale. Ask Price: $11,995,000. (Original Price: $10,675,000 and 716 days on the market since 08/11/2015.) This is a 2016 built, 4 bedroom/4 bath/2 half-bath, 5,032 sq ft single family home with 2 car garage on more than 1/2 acre or 25,000 sq ft lot. Broker comments are “First of three gorgeous contemporary homes to built on the most exclusive and unique river front setting Aspen has ever experienced. This parcel looks onto the gorgeous Roaring Fork and across to the complete privacy of the Stillwater open space parcel. Lot one offers the largest home with the most subdivision open space exposure. A easy walk or bike to town, this small exceptional subdivision is a very precious offering. Don’t miss getting this wonderful opportunity to own a fabulous new home on the river.” 2015 taxes: $22,302; HOA Dues: TBD. Under Contract Date: 09/30/2016; Sold Date: 07/28/2017. (Photos and broker comments courtesy of Whitman Fine Properties)
MLS #139667 – Aspen Highlands, West Aspen, 351 Glen Eagles Drive, Aspen, CO. Sold Price: $5,700,000/$730 sq ft; partial-furnished. More details below photos.
MLS #139667 – Aspen Highlands, West Aspen, 351 Glen Eagles Drive, Aspen, CO. Sold Price: $5,700,000/$730 sq ft; partial-furnished. Aspen single family home for sale. Ask Price: $6,500,000. (Original Price: $8,250,000 and 788 days on the market since 06/04/2015.) This is a 1994 built, 6 bedroom/6 bath/1 half-bath, 7,806 sq ft single family home with 3 car garage on a 32,666 sq ft lot. Broker comments are “Aspen’s exclusive Glen Eagles neighborhood is the setting for this classic designed executive styled family retreat. You will appreciate the private and serene estate-like setting of a flat, almost three-quarters of an acre lot sprinkled with aspen and spruce trees. The home’s open floorplan is well designed and lives beautifully. Plus the property is a year round entertainer’s dream with its great room including soaring ceilings, and grand stone fireplace, a formal dining room and spacious out-of-doors patio areas all surrounded by beautiful flowers and manicured landscaping.” 2016 taxes: $14,622. Under Contract Date: 06/19/2017; Sold Date: 07/31/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)
MLS #149550 – Arrowhead Condos, Central Core, 550 S Original Street Unit B, Aspen, CO. Sold Price: $4,233,000/$2,303 sq ft; furnished. More details below photos.
MLS #149550 – Arrowhead Condos, Central Core, 550 S Original Street Unit B, Aspen, CO. Sold Price: $4,233,000/$2,303 sq ft; furnished. Aspen condo for sale. Ask Price: $3,950,000. (Original Price: $3,950,000 and 48 days on the market since 06/14/2017.) This is a 1979 built, 3 bedroom/3 bath, 1,838 sq ft condo. Broker comments are “Located in Aspen’s core, two blocks from the gondola, this spectacular three bedroom, three bath residence epitomizes the Aspen lifestyle. Situated next to Glory Hole Park, surrounded by mature trees, this serene location simultaneously provides views of Aspen Mountain and immediate access to all that Aspen has to offer! The condo features spacious living areas and an abundance of windows creating a light and airy setting. The kitchen features top of the line finishes, Wolf appliances with an open and flowing floor plan. The wood floors and plaster walls will suit the most discerning tastes in interior design. In addition, the radiant in floor heat, floor to ceiling stacked stone fire place, flat screen TVs, sound system and balconies all enhance the lifestyle quality of this residence. Located all on one level, the wide hallway leads to three bedrooms, each with an ensuite bathroom, built in cabinets and closets. Convenient access from the street, via stairs or elevator. The underground parking garage makes leaving a vehicle in Aspen hassle free in addition to another at grade parking space provides easy parking for your family and guests. This residence is part of the Arrowhead building, a private and quiet four condominium complex. Location, views, proximity, amenities, and style.” 2016 taxes: $7,493; HOA Dues: $7,245 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/21/2017; Sold Date: 08/01/2017. (Photos and broker comments courtesy of Romero Group Realty, LLC)
MLS #143169 – Sunny Park, Smuggler Area, 333 Park, Aspen, CO. Sold Price: $3,600,000/$980 sq ft; unfurnished. More details below photo.
MLS #143169 – Sunny Park, Smuggler, 333 Park, Aspen, CO. Sold Price: $3,600,000/$980 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $4,000,000. (Original Price: $5,100,000 and 407 days on the market since 03/01/2016.) This is a 1880 built and 1965 remodeled, 3 bedroom/1 bath, 3,671 sq ft historic designated single family river home on a 10,418 sq ft lot. Broker comments are “Fabulous river front development site within walking distance to Aspen’s core just across the Hopkins Bridge. A rarity in Aspen, the property features all day sunlight, a flat yard, front row views of Aspen Mountain and fishing on the Roaring Fork from your yard. Located on a private cul-de-sac at the corner of Park & Midland, this lovely property is just a 5-minute walk to Smuggler Mtn and is across the street from the bus stop to skiing and nightlife. Join the neighboring luxury property owners and create your dream home on the river. Property is being sold as is and Seller does not guarantee what can be developed on the property. See zoning analysis” 2016 taxes: $5,826. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/28/2017; Sold Date: 08/03/2017. (Photos and broker comments courtesy of Urban Aspen Real Estate)
MLS #145249 – Alpine Cottages, East Aspen, 127 Robinson Road, Aspen, CO. Sold Price: $3,600,000/$869 sq ft; furnished. More details below photos.
MLS #145249 – Alpine Cottages, East Aspen, 127 Robinson Road, Aspen, CO. Sold Price: $3,600,000/$869 sq ft; furnished. Aspen single family home for sale. Ask Price: $3,995,000. (Original Price: $4,195,000 and 746 days on the market since 07/20/2015.) Located approx 1/4 mile east of the Roaring Fork River off Hwy 82 within walking distance to town and on the bus shuttle, this is a 2002 built, 4 bedroom/4 bath/1 half-bath, 4,138 sq ft single family home with 1 car garage on a 5,619 sq ft lot. Broker comments are “Beautiful Construction, Open Floor Plan, 2 Master Suites, this 4,138 square foot Residence Offers great open Mountain Living w/High End Finishes. The Gourmet Kitchen is equipped with, Sub Zero appliances, 2 Thermador ranges, Granite Counters. A lower-level Entertainment/Media room & Wet Bar offers great space for entertaining. Laundry room on the lower level and 2nd washer/dryer on the upper level. Gas fireplaces, as well as Central A/C for the 2 master suites and radiant heat throughout. Large 1-car garage and walk-in closets for both master suites. Jacuzzi off the Master Suite with Aspen Mountain views, Master and Guest Master Suite each have Steam Showers. ”Priced To Sell”….”Low Price per square foot” for high end quality construction within short walking distance to Gondola.” 2015 taxes: $8,664; HOA Dues: $275 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/24/2017; Sold Date: 08/01/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #149676 – Central Core/West Aspen, 315 W Hyman Avenue, Aspen, CO. Sold Price: $3,425,000/$3,459 sq ft; furnished. More details below photos.
MLS #149676 – Central Core/West Aspen, 315 W Hyman Avenue, Aspen, CO. Sold Price: $3,425,000/$3,459 sq ft; furnished. Aspen single family home for sale. Ask Price: $3,700,000. (Original Price: $3,700,000 and 46 days on the market since 06/16/2017.) This is a 1984 built and 2012 remodeled, 1 bedroom/1 bath/1 3/4-bath, 990 sq ft single family home with 1 car garage on a 1,102 sq ft lot – the smallest buildable lot on record within the City of Aspen. A true postage stamp flanked by open space, public land. Broker comments are “Tucked into the base of Shadow Mountain, one block from the Brown Ice Skating Palace, this is a tiny jewel box of a contemporary home. Described as a ”little castle” this home feels like just that, with countless custom details fit for a king and queen. Thoughtful design by Ricki McHugh maximizes space, light, views, and aesthetics. Details include large windows with SmartTint, ensuring privacy in this quaint retreat. Enjoy the evening alpenglow on the patio, or hop on the walking trail for a leisurely stroll into town.” 2016 taxes: $6,464. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/01/2017; Sold Date: 08/01/2017. (Photos and broker comments courtesy of Palladium Properties)
MLS #149764 – Villager Townhouse, Central Core, 1001 E Cooper Avenue 8, Aspen, CO. Sold Price: $2,550,000/$1,634 sq ft; furnished. More details below photos.
MLS #149764 – Villager Townhouse, Central Core, 1001 E Cooper Avenue 8, Aspen, CO. Sold Price: $2,550,000/$1,634 sq ft; furnished. Aspen condo for sale. Ask Price: $2,450,000. (Original Price: $2,450,000 and 36 days on the market since 06/27/2017.) This is a 1965 built, 3 bedroom/3 bath/1 half-bath, 1,560 sq ft condo. Broker comments are “Originally owned and designed by architectural partners Sarah Broughton and John Rowland. This is the quintessential turnkey modern chic Aspen condominium. Featured in Colorado Homes and Lifestyle Magazine. Great use of space, color palettes and finishes and furnishings. Three bedrooms, three and a half baths, great light, terrace, Aspen views and an assigned parking space.” 2016 taxes: $5,331; HOA Dues: $1,800 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/02/2017; Sold Date: 08/02/2017. (Photos and broker comments courtesy of Compass)
MLS #149392 – Larkspur Condominiums, Central Core, 800 E Hopkins Avenue B-4, Aspen, CO. Sold Price: $2,220,000/$1,541 sq ft; furnished. More details below photos.
MLS #149392 – Larkspur Condominium, Central Core, 800 E Hopkins Avenue B-4, Aspen, CO. Sold Price: $2,220,000/$1,541 sq ft; furnished. Aspen condo for sale. Ask Price: $2,195,000. (Original Price: $2,195,000 and 50 days on the market since 06/06/2017.) This is a 1974 built and 2007 remodeled, 3 bedroom/2 bath/1 half-bath, 1,440 sq ft condo. Broker comments are “Coveted top floor renovated townhome. Located an easy walk to center of town from Herron Park and the Roaring Fork River. Great winter views of Aspen Mountain and beautiful foliage in summer. Nice outdoor spaces with decks off living room and master bedroom. Seller requires 1031 exchange. HOA transfer fee is $2,500. No Short Term Rentals, Six Month Minimum Rental Restriction.” 2016 taxes: $6,502; HOA Dues: $2,250 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/24/2017; Sold Date: 08/01/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #144966 – Chateau Blanc Condominium, Central Core, 901 E Hyman Avenue Unit 15, Aspen, CO. Sold Price: $1,412,500/$1,527 sq ft; furnished. More details below photos.
MLS #144966 – Chateau Blanc Condominium, Central Core, 901 E Hyman Avenue Unit 15, Aspen, CO. Sold Price: $1,412,500/$1,527 sq ft; furnished. Aspen condo for sale. Ask Price: $1,465,000. (Original Price: $1,465,000 and 394 days on the market since 07/03/2016.) This is a 1966 built and 2007 remodeled, 2 bedroom/2 bath, 925 sq ft condo. Broker comments are “This beautiful two bedroom two bath condominium has an amazing location, just a short walk to downtown. Enjoy stunning mountain views from the spacious living room with wood burning fireplace and adjoining balcony. The bedrooms are spacious with ample closet space and gorgeous views of Red Mountain. This top floor property is light and bright with skylights and comes elegantly furnished. Chateau Blanc is a quaint, well-maintained complex with dedicated and highly experienced on-site management.” 2015 taxes: $2,860; HOA Dues: $459 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/03/2017; Sold Date: 08/01/2017. (Photos and broker comments courtesy of Whitman Fine Properties)
MLS #147239 – Midland Condominium, Central Core, 601 S West End Street #8, Aspen, CO. Sold Price: $765,000/$1,373 sq ft; furnished. More details below photos.
MLS #147239 – Midland, Central Core, 601 S West End Street #8, Aspen, CO. Sold Price: $765,000/$1,373 sq ft; furnished. Aspen condo for sale. Ask Price: $799,000. (Original Price: $849,000 and 203 days on the market since 01/10/2017.) This is a 1969 built, 1 bedroom/1 bath, 557 sq ft condo. Broker comments are “Great location close to everything, yet in a quiet spot next to Glory Hole Park. Just two blocks to the Silver Queen Gondola. Spacious private balcony overlooking the park. Wood burning fireplace. Washer & dryer. Very reasonable HOA Assessment of $1450 per quarter includes heat! Currently rented at $2600 per month until November 30, 2017 with 60 day move out clause..Offered furnished. Furnishings in photos slightly different than current. Pet only with board approval.” 2016 taxes: $2,002; HOA Dues: $1,450 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/12/2017; Sold Date: 08/01/2017. (Photos and broker comments courtesy of Frias Properties of Aspen)
MLS #145712 – Aspen River Valley, 2134 Lower River Road, Woody Creek, CO. Sold Price: $2,300,000/$561 sq ft; unfurnished. More details below photos.
MLS #145712 – Aspen River Valley, 2134 Lower River Road, Woody Creek, CO. Sold Price: $2,300,000/$561 sq ft; unfurnished. Woody Creek single family home for sale. Ask Price: $2,500,000. (Original Price: $6,850,000 and on the market since 12/08/10.) The house is located on on a small activity envelope sandwiched between the Lower River Rd and the river. Hwy 82 is on the other side of the river. This is a 1989 built, 6 bedroom/6 bath, 4,098 sq ft single family home with 4+ car garage on a 17.29 acres lot. Broker comments are “Most impressive river frontage on the Roaring Fork. Property includes a charming log home in great condition located on 17 acres with 400 feet of the most spectacular Roaring Fork River frontage, from the home you can see 1/2 of a mile up river and 600 feet down river with no homes in your view. The cozy 6 bedroom, 6 bath 4 car + storage space garage, log home, features oversized windows throughout with big river views from nearly every room. The home is much closer to the river than is now allowed for new homes.” 2015 taxes: $12,390. Under Contract Date: 05/12/2017; Sold Date: 08/01/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #150251 – Seasons 4 Condo, 35 Lower Woodbridge Road 184, Snowmass Village, CO: Sold Price: $560,000/$446 sq ft. More details below photos.
MLS #150251 – Seasons 4, 35 Lower Woodbridge Road 184, Snowmass Village, CO: Sold Price: $560,000/$446 sq ft. Snowmass Village condo for sale. Ask Price: $560,000. (Original Price: $560,000 and 100 days on the market since 04/01/2017.) This is a 1971 built, 2 bedroom/1 bath/1 3/4-bath, 1,253 sq ft condo. Broker comments are “Sold before MLS.” 2016 Taxes: $2,063; HOA Dues: $600 per Month. Under Contract Date: 05/01/2017; Sold Date: 07/10/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #148709 – Tamarack Condos, 135 Carriage Way 15, Snowmass Village, CO: Sold Price: $517,500/$554 sq ft; furnished. More details below photos.
MLS #148709 – Tamarack, 135 Carriage Way 15, Snowmass Village, CO: Sold Price: $517,500/$554 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $535,000. (Original Price: $535,000 and 95 days on the market since 05/01/2017.) This is a 1969 built, 2 bedroom/2 bath, 934 sq ft condo. Broker comments are “Great location next to Snowmass’ Base Village. Ski, dine, shop and park all within steps from your door. The sounds of Brush Creek are right out your door. The property offers beautifully landscaped grounds, two hot tub spas connected by a grotto style waterfall and heated, year-round swimming pool. Whether summer, winter or fall, this townhome places you right in the middle of the action yet offers privacy and spaciousness while in your residence. Tamarack Townhouses offer an exceptional opportunity to own a two-story townhome without common stairs or hallways which condominiums have.” 2016 Taxes: $1,922; HOA Dues: $10,140 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/16/2017; Sold Date: 08/04/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
Recent Estin Report tweets on Aspen Real Estate
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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.
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