May 13 – 20, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (11) + Under Contract / Pending (14)
Apr 2018 Aspen Real Estate Market Reports – the Estin Report Apr 2018 Monthly Snapshot was released Mon 05/14/18 in the Current Reports Section . These detailed statistical market snapshots are released on or about the 1st Monday of the month.
Blog Post
May 13 – 20, 2018 Aspen CO real estate market activity, Week 20
Estin Report: Aspen CO and Snowmass CO real estate market 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 in the upper Roaring Fork Valley. Fractional/Timeshare sales are not included. Because the MLS links below expire after 30 days, photos and written descriptions of most closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity. Scroll down the page for property photos and details of weekly sales and under contract / pending. For earlier dates, see the Estin Report blog archives from 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 (11): MLS#s: 151223, 147059, 148226, 148268, 150107, 150628, 150636, 152096, 153126, 153343, 154099. This link is valid until 6/19/2018.
Under Contract/Pending (14): MLS#s: 139801, 140360, 144439, 144440, 146598, 147301, 149194, 149377, 152443, 152511, 152689, 152833, 152894, 153899. This link is valid until 6/19/2018.
Sold Properties Last Week:
MLS #150628 – Gateway Aspen Subdivision – Entry to Aspen Hwy 82 at Castle Creek Bridge, West End, 930 W Hallam Street, Aspen, CO: Sold Price: $5,850,000/$1,520 sq ft; furnished. More details below photos.
MLS #150628 – Gateway Aspen Subdivision – Hwy 82 entry to Aspen at Castle Creek Bridge, West End, 930 W Hallam Street, Aspen, CO: Sold Price: $5,850,000/$1,520 sq ft; furnished. Aspen CO duplex/half-duplex Homes for sale. Ask Price: $5,995,000. (Original Price: $5,995,000 and 343 days on the market since 06/09/2017.) This is a 2018 built, 5 bedroom/5 bath/1 half-bath, 3,847 sq ft duplex/half-duplex with 2 car garage on a 10,076 sq ft lot. (See Floor Plans and Site Plan.) The location of this new built development with adjacent properties, 930, 928 & 926 W Hallam (see below), is just across the Castle Creek Bridge coming into town from the west (airport) directly on the main transit route into and out of Aspen – where Hwy 82 becomes West Hallam and then merges onto Main Street after the “S” turn. Broker comments are “Every detail has been considered in this new construction, turnkey home furnished and accessorized by Restoration Hardware. The property is 3,847 sq ft with five bedrooms, five and a half baths, and an extra-wide two car garage. Enjoy expansive 180° views from Aspen Highlands to Red Mountain through soaring floor-to-ceiling, ultra-lux Quantum windows which provide energy efficiency and abundant light (the house runs on solar power). The west-facing, double-height great room on the main level opens into a large indoor/outdoor terrace perched over Castle Creek ideal for sunset-entertaining. The upstairs hosts a dramatic master suite with a sitting area, hot tub-ready covered deck, and a large walk-in closet. The lower level consists of three bedrooms and an additional living area. Each bedroom has an en-suite bathroom. Other amenities include polished concrete and wide plank oak floors with radiant heat, dramatic fireplace and outdoor gas fire pit, Bosch appliances, Caesarstone countertops, imported Mosa Dutch tiles, central air, and a natural gas hook up for the grill. The heated, two-car garage and snowmelt auto court and pathways make for a hassle-free winter. The extra-wide garage also comes equipped with an electric car charger. Excellent walking access to town, the golf course, trails, and the Music Tent. Completion is scheduled for January 2018.” 2016 taxes: $3,808. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/10/2018; Sold Date: 05/18/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #150636 – Gateway Aspen Sub – entry to Aspen Hwy 82 at Castle Creek Bridge, West End, 928 W Hallam Street, Aspen, CO: Sold Price: $3,700,000/$1,311 sq ft; furnished. More details below photos.
MLS #150636 – Gateway Aspen Sub – entry to Aspen Hwy 82 at Castle Creek Bridge, West End, 928 W Hallam Street, Aspen, CO: Sold Price: $3,700,000/$1,311 sq ft; furnished. Aspen duplex/half-duplex for sale. Ask Price: $3,995,000. (Original Price: $3,995,000 and 343 days on the market since 06/09/2017.) This is a 2018 built, 4 bedroom/4 bath/1 half-bath, 2,821 sq ft duplex/half-duplex with 2 car garage on a 10,076 sq ft lot (for the 3 properties: 930,928 and 926 W Hallam). 928 W Hallam is the other half duplex sharing a common wall with 930 W Hallam. (See 928 Site & Floor Plan.) Broker comments are “Brand new contemporary duplex with big views, four bedrooms, and an extra-wide two-car garage in the West End (and under $4mm.) Every detail has been considered in this turnkey home – furnished and accessorized by Restoration Hardware. Excellent 2,821 sq ft floor plan features four bedrooms, and four and a half baths. Enjoy iconic views of Aspen Highlands, Buttermilk and Red Butte through floor-to-ceiling, ultra-lux Quantum windows which provide maximum sound protection, energy efficiency (the house runs on solar power), and prime sunset viewing. The upstairs hosts a master suite with a sitting area, hot tub-ready covered deck, and a large walk-in closet. The lower level consists of three bedrooms with en-suite bathrooms and an additional living area. Other amenities include polished concrete and wide plank oak floors with radiant heat, a gas fireplace, Bosch appliances, Caesar stone countertops, imported Mosa Dutch tiles, natural gas hook up for the grill, and central air. The two-car, heated garage comes equipped with an electric car charging port. A snowmelt auto court and covered entrance eliminate the hassle of shoveling. Excellent walking access to town, the golf course, trails, and the Music Tent. Completion is scheduled for January 2018.” 2016 taxes: $3,848. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/10/2018; Sold Date: 05/18/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #154099 – Gateway Aspen, West End, 926 W Hallam Street, Aspen, CO: Sold Price: $2,550,000/$662 sq ft; furnished. More details below photos.
MLS #154099 – Gateway Aspen — entry to Aspen Hwy 82 at Castle Creek Bridge, West End, 926 W Hallam Street, Aspen, CO: Sold Price: $2,550,000/$662 sq ft; furnished. Aspen duplex/half-duplex for sale. Ask Price: $2,550,000. (Original Price: $2,550,000 and 343 days on the market since 06/09/2017.) This is a 2018 built, 3 bedroom/3 bath/1 half-bath, 2,103 sq ft duplex/half-duplex with 2 car garage on a 10,076 sq ft lot – for the 3 properties: 930,928 and 926 W Hallam. (See 928 & 926 W Hallam Site & Floor Plan.) Broker comments are “Every detail has been considered in this new construction, turnkey home furnished and accessorized by Restoration Hardware. The property is 2103 sq ft with three bedrooms, three and a half baths, and an extra-wide two car garage. Enjoy expansive 180˚ views from Aspen Highlands to Red Mountain through soaring floor-to-ceiling, ultra-lux Quantum windows which provide energy efficiency and abundant light (the house runs on solar power). The west-facing, double-height great room on the main level opens into a large indoor/outdoor terrace perched over Castle Creek ideal for sunset-entertaining. The upstairs hosts a dramatic master suite with a sitting area, hot tub-ready covered deck, and a large walk-in closet.” 2016 taxes: $3,808. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/10/2018; Sold Date: 05/18/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #153126 – West End, 105 E Hallam Street, Aspen, CO: Sold Price: $4,250,000/$5,214 sq ft; unfurnished. More details below photos.
MLS #153126 – West End, 105 E Hallam Street, Aspen, CO: Sold Price: $4,250,000/$5,214 sq ft; unfurnished. Aspen CO homes for sale. Ask Price: $4,780,000. (Original Price: $4,780,000 and 62 days on the market since 03/14/2018.) This is a 1888 built, 2 bedroom/1 bath, 815 sq ft home on a 3,414 sq ft lot. Broker comments are “Quintessential historic brick home, built in 1888 by DRC Brown. Well-loved and lived in for 130 years, this home represents the heart and soul of Aspen’s mining era. Close-in West End, an easy walk to downtown Aspen core, the music tent and the Aspen Institute – Aspen Meadows campus.” 2017 taxes: $6,767. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/16/2018; Sold Date: 05/15/2018. (Photos and broker comments courtesy of Berkshire Hathaway Homeservices.)
MLS #153343 – Aspen Square Condominiums, Central Downtown Aspen Core, 617 E Cooper Avenue 404, Aspen, CO: Sold Price: $830,000/$1,673 sq ft; furnished. More details below photos.
MLS #153343 – Aspen Square Condos, Central Downtown Aspen Core, 617 E Cooper Avenue 404, Aspen, CO: Sold Price: $830,000/$1,673 sq ft; furnished. Aspen condo for sale. Ask Price: $895,000. (Original Price: $895,000 and 52 days on the market since 03/26/2018.) This is a 1969 built, studio/1 bath, 496 sq ft condo. Broker comments are “Beautiful studio located a block from Aspen Mountain and in the downtown core. Top floor unit with beautiful views towards Red Mountain. Great opportunity to own an investment property in the heart of Aspen with excellent rental history.” 2017 taxes: $1,651; HOA Dues: $19,905 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/17/2018; Sold Date: 05/17/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #147059 – Red Mountain vacant lot sale (last of the Rubey Family lots sales (5 lots), 300 Red Mountain Road (American Lane), Aspen, CO: Sold Price: $15,200,000. More details below photos.
MLS #147059 – Red Mountain 5 acre vacant lot sale, 300 Red Mountain Road (American Lane), Aspen, CO: Sold Price: $15,200,000. Aspen vacant land for sale. Ask Price: $16,950,000. (Original Price: $20,000,000 and 718 days on the market since 05/26/2016.) Lot 1: 5.28 acres single family vacant lot. (See activity envelope plan.) Broker comments are “Lot 1: This is the last available lot (of 5 total) for sale in the Rubey Family subdivision. Nestled among cottonwood & aspen groves at the base of Red Mountain, just east of prestigious Willoughby Way, land within this subdivision has never been available for purchase—until now. Spread over 5.28 acres with approvals to build up to 19,750 SF, the property is a rare gem in a community known for its strict growth controls and predominant open space — offering unheard of potential to create a family compound walking distance of downtown Aspen. Private & secluded, this south-facing jewel receives an abundance of sunlight and boasts panoramic views from Aspen Mountain (front and center) to majestic Mount Sopris & Independence Pass. Create your own legacy here at this A++ location.” 2015 taxes: $12,710. Under Contract Date: 04/09/2018; Sold Date: 05/14/2018. (Photos and broker comments courtesy of Engel & Volkers)
_____________
Rubey Family / Base of Red Mountain Vacant Lot Sales Activity = Five lots @ 5-12 relatively flat acres each at the base of Red Mountain offering huge mountain views and walking proximity to town of Aspen, CO. (40 acres total Rubey family holdings.) Selling range: $10-22M. In May 2018, Lot 2 is listed for re-sale at $29.995M.
Sales activity listed in chronological order. (MLS #’s: 149718,144489,146395,147059, 142728,154057):
Lot 2 for Sale. This is a re-sale.
MLS# 154057: Re-listed on 5/16/18. Lot 2: 6.4 acres. Ask Price: $29.995M. Please contact Tim Estin at 970.309.6163 or email for sales information. Previously sold at $10M on 02/16/16 ($11M ask). Approved FAR (Floor Area Ratio) for 15,000 sf home + 750 sf garage + 4,000 sf sub-grade.
Lot 1 Sold
MLS# 147059, Sold Date: 05/14/2018. Lot 1, 5.28 acres. Sold Price: $15.2M. Rare approvals to build up to 19,750 sq ft. Last lot to sell directly from Rubey Family. Aspen vacant land for sale. Ask Price: $16,950,000. (Original Price: $20,000,000 and 718 days on the market since 05/26/2016.)
Lot 5 Sold
MLS #149718 – Sold Date: 06/27/2017. Lot 5, 11.72 acres. Sold price: $22M. Single family vacant lot with a 6,600 sq ft 1985 built/1985 remodeled 4 bdrm/5 ba home. (Red Mountain, 101 American Lane, Aspen, CO). Ask Price: $22,000,000. (This was an off market deal and was the Main House for Texan matriarch Marion Rubey.) The structure is considered a teardown.
Lot 4 Sold
MLS #144489 – Sold date: 11/14/2016. Lot 4: 6.28 acres. Sold price: $18.5M. Asking Price: $21,500,000. (Original Price: $25,000,000 and 158 days on the market since 06/09/2016.)
Lot 3 Sold
MLS 146395, Sold date: 10/13/16. Lot 3: 4.38 acres. Sold price: $13M. ($14M ask price). Piktin County Assessor Acc #R008443
Lot 2 Sold
MLS 142728, Sold on 02/16/2016. Lot 2: 6.4 acres. Sold price: $10M. Ask: $11M.) Approved FAR (Floor Area Ratio) for 15,000 sf home + 750 sf garage + 4,000 sf sub-grade. Piktin County Assessor Acc #008442. [MLS# 154057: Re-listed on 5/16/18 at $29.995M MLS #154057.]
____________
MLS #152096 – Two Creeks Subdivision, 1061 Two Creeks Drive, Snowmass Village, CO: Sold Price: $9,550,000/$1,515 sq ft furnished. More details below photos.
MLS #152096 – Two Creeks, 1061 Two Creeks Drive, Snowmass Village, CO: Sold Price: $9,550,000/$1,515 sq ft furnished. Snowmass Village single family home for sale. Ask Price: $11,750,000. (Original Price: $11,750,000 and 1,604 days on the market since 01/06/2015.) This is a 2017 built, 6 bedroom/7 bath/1 half-bath, 6,300 sq ft home with 3 car garage on a 1.17 acres lot. Broker comments are “A rare opportunity to purchase a newly constructed single-family home with ski-in, ski-out access in Snowmass Village. Completed in November 2017, this stunning, KA Designworks, 6-bed, 8-bath home is top-of-the-line in design, with high-end, sophisticated finishing’s. Its amenities aren’t limited to winter, with a sunk-in hot tub, large patio and just minutes from the valley’s best mountain biking, hiking trails and area golf courses. Snowmass Mountain is one of the largest ski areas in North America, making this an optimal winter retreat. Festivals, events and on-mountain activities make it a refreshing, high-alpine destination in the summer as well. **Seller has informed Listing Broker and Brokerage Firm of Seller’s existing Bankruptcy situation, which creates both a need to sell the Property, and potential difficulty in accomplishing a Sale (including the potential need to obtain the agreement of the Bankruptcy Court in satisfaction of Seller’s existing obligations).” 2017 taxes: $13,602; HOA Dues: $1,115 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/13/2018; Sold Date: 05/16/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Basalt)
MLS #151223 – Wood Run, 198 Bridge Lane, Snowmass Village, CO: Sold Price: $3,150,000/$768 sq ft; furnished. More details below photos.
MLS #151223 – Wood Run Subdivision, 198 Bridge Lane, Snowmass Village, CO: Sold Price: $3,150,000/$768 sq ft; furnished. Snowmass Village CO single family homes for sale. Ask Price: $3,400,000. (Original Price: $3,400,000 and 1,418 days on the market since 12/03/2014.) This is a 1979 built and 2016 remodeled, 5 bedroom/5 bath/1 half-bath, 4,100 sq ft home with 2 car garage on a 35,368 sq ft lot. Broker comments are “Classic ski chalet with a mountain contemporary feel. Enter into the open living areas including a newly remodeled kitchen and expansive open living room. This top floor living room boasts a wood burning fireplace and cathedral ceilings with massive views of Snowmass slopes and the village. The home has 5 bedrooms and a mother-in-law/guest or family room, making room for multiple families and friends to gather. ”Click-out” ski access to the village via Guggenhill and then for lunch or the end of the ski day, enjoy the private homeowners trail from Green Cabin run directly to the red front door and soak in the new outdoor hot tub. With views of the slopes and mountains, yet nestled in a grove of Aspen Trees, this is the true Colorado ski chalet.” 2017 taxes: $10,237; HOA Dues: TBD per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/16/2018; Sold Date: 04/30/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #148268 – Capitol Woods Subdivision, Old Snowmass, 37 Starlit Lane, Snowmass, CO: Sold Price: $2,725,000/$686 sq ft unfurnished. More details below photos.
MLS #148268 – Capitol Woods, Old Snowmass, 37 Starlit Lane, Snowmass, CO: Sold Price: $2,725,000/$686 sq ft unfurnished. Old Snowmass CO single family home for sale. Ask Price: $2,995,000. (Original Price: $2,995,000 and 500 days on the market since 10/05/2016. The vacant river frontage land came on the market on 11/10/10 at $995,000. It was a new home development project aborted by the recession. The price eventually came down to $625,000 on 7/24/13, and then was withdrawn 0n 10/10/13.) This is a 2016 built, 4 bedroom/4 bath/1 half-bath, 3,971 sq ft home with 2 car garage on a 1.47 acres lot. Broker comments are “Fantastic landscaping just completed! Brand new and a river runs through it! Situated perfectly in a private natural setting nestled among tall pines and overlooking Capitol Creek from almost every room sits this magical 4 bedroom home that was just completed in the Spring of 2017. Gorgeous finishes and attention to detail throughout highlight the light traditional mountain decor of this creek-side home. The ranch style layout lives all on one level with a welcoming entry, soaring ceilings, and an open floor plan that create a voluminous feel in the great room, living area, dining area, and custom kitchen. The centerpiece of the great room is an impressive double-sided wood burning stone fireplace that was perfectly restored from the original cabin that sat on the site years ago home. The thoughtful layout includes a wet bar just off the great room/kitchen which makes makes for easy entertaining day or night. In the south wing where 3 of the 4 bedrooms are located, there is a generous master suite with windows on 3 sides and its bathroom accented with perfect white color tones. All 4 of the bedrooms are en-suite with one currently set up as a fun bunk room…so room for lots of family and/or guests. A high priority was placed on high energy-efficiency in the selection of building materials and in the building process overall. The attention given to the energy aspect of the home will be a long term benefit to its new owner and definitely a bonus of new construction versus that of an older house. At 1.47 acres and the fact that you own the land on both sides of the creek, there is virtually no impact from your neighbors and feels like your own private enclave 20 minutes outside of Aspen and less than a 10 minute drive to the Roaring Fork Club.” 2017 taxes: $9,980. Under Contract Date: 01/23/2018; Sold Date: 05/15/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #150107 – Lichenhearth Condominiums, 150 Carriage Way 18, Snowmass Village, CO: Sold Price: $415,000/$626 sq ft; unfurnished. More details below photos.
MLS #150107 – Lichenhearth, 150 Carriage Way 18, Snowmass Village, CO: Sold Price: $415,000/$626 sq ft; unfurnished. Snowmass Village condo for sale. Ask Price: $440,000. (Original Price: $440,000 and 277 days on the market since 07/24/2017.) This is a 1968 built and 2008 remodeled, 1 bedroom/1 bath, 662 sq ft condo. Broker comments are “The premier location in Snowmass Village, Lichenhearth is the just steps away from the new Base Village development offering ski in ski out access while only steps away from Base Village restaurants. This 1 bed, 1 bath condo feels roomy and light with vaulted ceilings and remodeled in 2008. The exterior matches with new elevator, and recently renovated common areas. Never brush snow off you car with convenient assigned undercover parking. This condo is the perfect investment property, holiday home or full time residence. Generous storage, a sauna and year round pool and hot tub.” 2016 taxes: $1,350; HOA Dues: $2,119 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/01/2017; Sold Date: 04/27/2018. (Photos and broker comments courtesy of Bowden Properties)
MLS #148226 – Timberline Condominiums, 690 Carriage Way Unit 302, Snowmass Village, CO: Sold Price: $370,000/$656 sq ft; furnished. More details below photos.
MLS #148226 – Timberline Condos, 690 Carriage Way Unit 302, Snowmass Village, CO: Sold Price: $370,000/$656 sq ft; furnished. Snowmass Village CO condos for sale. Ask Price: $390,000. (Original Price: $390,000 and 415 days on the market since 03/25/2017.) This is a 1972 built and 2006 remodeled, studio/1 loft/2 bath, 564 sq ft condo. Broker comments are “Sweet studio plus loft with two full baths! The two original built-In bunk beds remain to compliment the living space for family’s with children as does the second full bath in the loft as an added benefit. Recent upgrades include carpet, paint, furnishings and queen bed. Feels and lives much larger than the 564 square feet. The location is close to the front desk, restaurant, pool, Jacuzzi and the direct ski access to Fanny Hill. On site management is some of the best in the village. Northern exposure provides views across the valley.” 2017 taxes: $1,148; HOA Dues: $687 per Month. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/30/2018; Sold Date: 05/18/2018. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
____________________________________________
