Nov 12 – 19, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (10)

The Estin Report: Oct 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on 11/14/17. The Snapshots are usually posted on or near the 1st Monday of the month.

October 2017 Bottom Line

Bottom Line:
For 2017 YTD thru Oct, the total combined Aspen Snowmass dollar market is nearing the 2015 YTD mark, $1.23B versus $1.38B;  in unit sales, it is 349 sales vs 341 respectively.

Overall inventory of available properties for sale in Oct 2017 has declined 13% since Oct 2015. For Aspen condos specifically – a particularly hot segment of the market, it has declined 17% in the same period.

Deep Dive: Sales by Location (Pgs 7 & 9 of Snapshot)

– Aspen: Sales by Neighborhoods
            – Snowmass Village: Sales by Neighborhoods

“Flip Job” Examples:
See recent Before/After Redevelopment in 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 (07/4/17) as additional re-sale properties come on the market at significantly higher prices.

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Market Activity Week 47, Nov 12 – 19, 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 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 in the past 4 weeks. 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 (10):  MLS#s 137889, 135276, 142450, 145012, 146325, 147145, 147766, 148085, 149196, 149895. This link is valid until 12/19/2017.

Under Contract/Pending (10): MLS#s: 151274, 137956, 146101, 147575, 148456, 148545, 150050, 150943, 151470, 151634. This link is valid until 12/19/2017.

Aspen Snowmass Solds Last Week: 

MLS #135276 – Chaparral, 1125 Chaparral Drive, Woody Creek, CO. Sold Price: $4,450,000/$2,814 sq ft; unfurnished. More details below photos.

MLS #135276 – Chaparral, 1125 Chaparral Drive, Woody Creek, CO. Sold Price: $4,450,000/$2,814 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $4,450,000. (Original Price: $4,950,000 and 1,202 days on the market since 07/14/2014.) This is a 1900 built and 2007 built, 1 bedroom/1 bath/1 3/4-bath, 1,581 sq ft single family home on a 40.84 acres lot. Broker comments are “The Old West meets a new twist of Eclectic touch for the perfect balance of space. Here remains the historic “Cowboy’s cabin” with a rustic feel, but all the modern conveniences. Along with another smaller guest cabin, with landscaped gardens, water ways and pathways. Homestead 3, offers 40.84 rolling acres with the ability to build another residence up to 14,750 square feet. Chaparral Ranch has 352+/- acres of Common Agricultural area for crops (currently hay and potatoes) Horse facilities include two stalls in state of the art 20 stall barn, Tack/lounge room overlooking stocked trout pond with indoor and outdoor riding amenities. Miles of maintained trails for riding and hiking with access into National Forest Lands. Gated Ranch access centrally located near Aspen Colorado.” 2016 taxes: $5,482; HOA Dues: TBD per Qtr. Under Contract Date: 09/29/2017; Sold Date: 11/17/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #142450 – Central Core, 26 Smuggler Grv Road, Aspen, CO. Sold Price: $6,700,000/$1,956 sq ft; unfurnished. More details below photos.

MLS #142450 – Central Core, 26 Smuggler Grv Road, Aspen, CO. Sold Price: $6,700,000/$1,956 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $7,000,000. (Original Price: $6,490,000 and 621 days on the market since 01/20/2016.) This is a 2017 built, 4 bedroom/4 bath/2 half-bath, 3,424 sq ft single family home with 1 car garage on a 3,688 sq ft lot. Broker comments are “This home (mls 142450) is located next door to the Eastern Residence (see mls# 142448 listed at $6,300,000) also currently offered for sale. This is the western residence that is part of a new exquisite two single family home project. Architecturally stunning, modern homes. October completion dates scheduled. This home has Four bedroom, four baths, plus two half-baths. Located on a quiet cul-de-sac in desirable near east end, with an easy walk to Aspen’s core. Adjacent to Snyder Park. Both homes are designed to harmonize with each other and successfully do! Full specifications are now available.” 2016 taxes: $5,000; HOA Dues: $1,000 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/04/2017; Sold Date: 11/13/2017. (Photos and broker comments courtesy of Aspen Core Realty)

MLS #148085 – East Aspen, 165 Roaring Fork Drive, Aspen, CO. Sold Price: $2,800,000/$2,441 sq ft. More details below photos.

MLS #148085 – East Aspen, 165 Roaring Fork Drive, Aspen, CO. Sold Price: $2,800,000/$2,441 sq ft. Aspen single family home for sale. Ask Price: $3,500,000. (Original Price: $4,300,000 and 235 days on the market since 03/20/2017.) This is a 1968 built, 2 bedroom/2 bath, 1,147 sq ft single family home on a 17,200 sq ft lot. Broker comments are “A lovely mountainside piece of paradise with a forever protected view of the mountains of Aspen. A view which will never be obstructed or built in front of due to the elevated roadway in front of the property. The house is a charming and rustic original 1968 build with a warm and inviting open floor plan and wood burning fireplace. Enjoy a captivating view of Aspen’s mountains from your front porch. This property also features a heated driveway. This amazing property sits just a mile from The Aspen Ski Resort and is less than a mile to the start of all the great shopping and dining in the heart of Aspen.” 2016 taxes: $5,677. Under Contract Date: 09/20/2017; Sold Date: 11/10/2017. (Photos and broker comments courtesy of Wuestehube)

MLS #146325 – Fifth Ave Condo, Central Core, 800 S Mill Street 14-B, Aspen, CO. Sold Price: $650,000/$1,302 sq ft; unfurnished. More details below photos.

MLS #146325 – Fifth Ave Condo, Central Core, 800 S Mill Street 14-B, Aspen, CO. Sold Price: $650,000/$1,302 sq ft; unfurnished. Aspen condo for sale. Ask Price: $582,500. (Original Price: $679,000 and 407 days on the market since 10/05/2016.) This is a 1965 built and 2000 remodeled, 1 bedroom/1 bath, 499 sq ft condo. Broker comments are “Location, Location, Location! Adorable one bedroom, one bath condo in the heart of Aspen. Open living room and kitchen with upgraded cabinets and countertops. The bathroom has been nicely upgraded with a large shower. Ample storage in the walk in closet and lock off owner closet. Ski down from Aspen Mountain; just a short convenient walk to all the shops and restaurants. Ask Broker for short term rental history.” 2016 taxes: $1,192; HOA Dues: $2,179 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/21/2017; Sold Date: 11/16/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Basalt)

MLS #145012 – 109 Little Texas Lane, Woody Creek, CO. Sold Price: $2,600,000/$790 sq ft; furnished. More details below photos.

MLS #145012 – 109 Little Texas Lane, Woody Creek, CO. Sold Price: $2,600,000/$790 sq ft; furnished. Aspen single family home for sale. Ask Price: $2,695,000. (Original Price: $2,750,000 and 839 days on the market since 07/01/2015.) This is a 1992 built and 2015 built, 3 bedroom/3 bath/1 half-bath, 3,288 sq ft single family home on a 22,620 sq ft lot. Broker comments are “A beautiful mountain home, fully furnished, in the ideal river setting. This ”must see” custom home has an open floor plan featuring dramatic views of the Roaring Fork River. The vaulted ceiling is supported by impressive timber trusses and the floor to ceiling river rock, wood burning fireplace creates the ambiance for this special river home. Two master suites and a cozy guest en-suite all have walkouts to the paved patio overlooking the river. The wine cellar has plenty of space for your vintage delights. This home is part of the ”Little Texas” community, a fishing community established in 1947 and enjoyed by a select few. Bring your fly rod, your dog, and a bottle of wine, and settle in to the best river front neighborhood in Woody Creek, the hub of the Upper Roaring Fork Valley.” 2015 taxes: $4,540. Under Contract Date: 10/04/2017; Sold Date: 11/13/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #- Lazy O Ranch, 2222 Lazy O Ranch, Snowmass, CO: Sold Price: $1,897,500/$772 sq ft; unfurnished. More details below photos.

MLS #149196 – Lazy O Ranch, 2222 Lazy O Ranch, Snowmass, CO: Sold Price: $1,897,500/$772 sq ft; unfurnished. Snowmass Village single family home for sale. Ask Price: $2,045,000. (Original Price: $2,195,000 and 173 days on the market since 05/26/2017.) This is a 2012 built, 3 bedroom/2 bath/1 half-bath, 2,456 sq ft single family home with 1 car garage on a 6.7 acres lot. Broker comments are “Award winning contemporary farmhouse on 6.7 acres within the pristine 1500 acre setting of Lazy O Ranch in Old Snowmass. Designed by renowned architect Robert Sinclair, this alpine home features vaulted ceilings, wide plank white oak flooring & a Colorado moss rock fireplace. The modern country kitchen, dining & living rooms form the main living area. The kitchen boasts a Thermador stove, soapstone & butcher block counter tops & custom cabinetry. The adjacent luxurious master suite features breathtaking views, a Carrera marble bath, his and her vanities and walk-in closets. A separate family gathering room downstairs & outdoor entertaining area with Jacuzzi & fire pit make this the perfect home for a mountain retreat. 3rd bedroom is non-conforming. Exclusions:2 Antique French Chandeliers.” 2016 Taxes: $9,948; HOA Dues: $15,000 per Yr. Under Contract Date: 09/26/2017; Sold Date: 11/15/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Basalt)

MLS #147766 – Water View Condo, 303 Waterview, Snowmass, CO: Sold Price: $272,000/$555 sq ft; unfurnished. More details below photos.

MLS #147766 – Water View Condo, 303 Waterview, Snowmass, CO: Sold Price: $272,000/$555 sq ft; unfurnished. Snowmass Village condo for sale. Ask Price: $279,000. (Original Price: $299,000 and 263 days on the market since 02/27/2017.) This is a 1970 built and 2014 remodeled, 1 bedroom/1 bath, 490 sq ft condo. Broker comments are “Great opportunity to own an affordable top floor, private one bedroom, one bathroom unit on the river and only 20 minutes from Aspen. Recent remodel includes new maple floors, paint, trim, gas range, stainless appliances, and marble and tile bathroom. Currently rented for $1800 / month with a move out clause. Extra storage, vaulted ceilings and pets allowed for owners and tenants make this a great buy for a local or an investor. Private and secure storage unit and plenty of washers and dryers in the common laundry room. River views from the bedroom and the living room and HOA dues include unit heat.” 2016 Taxes: $1,335; HOA Dues: $371 per Month. Under Contract Date: 10/18/2017; Sold Date: 11/17/2017. (Photos and broker comments courtesy of Engel & Völkers)

MLS #149895 – Wildridge, 121 Oak Ridge Road, Snowmass Village, CO: Sold Price: $4,000,000/$882 sq ft; furnished. More details below photos.

MLS #149895 – Wildridge, 121 Oak Ridge Road, Snowmass Village, CO: Sold Price: $4,000,000/$882 sq ft; furnished. Snowmass Village single family home for sale. Ask Price: $4,100,000. (Original Price: $4,100,000 and 863 days on the market since 01/19/2015.) This is a 2005 built, 4 bedroom/4 bath/2 half-bath, 4,531 sq ft single family home with 2 car garage on a 41,418 sq ft lot. Broker comments are “On the sunny side of Snowmass with awe-inspiring views from every room, this brilliantly designed custom-built home sets the bar for the optimal mountain residence. Its south-facing orientation provides all day sun and wall-to-wall views of the Snowmass ski area, Aspen Mountain, Aspen Highlands and Buttermilk in addition to looking over the Snowmass golf course. Every detail embraces comfort, style and sophistication – from the custom wood and stonework to the extras in the gourmet kitchen to the authentic home theater. Plus, the front patio area has a stream bordered by boulders and wildflowers adding summer magic while the second patio features a hot tub and enjoys the full mountain views.” 2016 Taxes: $13,145; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/22/2017; Sold Date: 11/13/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)

MLS #137889 – Ridge Run, 150 Baby Doe Lane, Snowmass Village, CO: Sold Price: $2,800,000/$647 sq ft; partial-furnished. More details below photos.

MLS #137889 – Ridge Run, 150 Baby Doe Lane, Snowmass Village, CO: Sold Price: $2,800,000/$647 sq ft; partial-furnished. Snowmass Village single family home for sale. Ask Price: $3,295,000. (Original Price: $3,785,000 and 984 days on the market since 02/27/2015.) This is a 1986 built and 2011 remodeled, 4 bedroom/4 bath/1 half-bath, 4,323 sq ft single family home with 2 car garage on a 36,285 sq ft lot. Broker comments are “Private ski-retreat nestled against Nat’l Forest Service land and RDR common area at the very top of Ridge Run. Extraordinarily quiet location at end of long driveway off of Baby Doe Lane cul-de-sac. Ski in via Two Creeks’ West Fork trail and ski out via Eddy Out to Funnel trail and Base Village. The home’s contemporary elegant design by Bill Poss is timeless. Walls of windows and skylights capture the stately aspens just outside and bring a sense of nature’s peaceful sanctuary inside. Large chef’s kitchen, two fireplaces, warm wood floors, loft study, and gorgeous master bath. LR, DR, and master suite newly accessorized. Additional features include maple cabinetry throughout, wet bar and refrigerator in living room bookshelf/entertainment center, great closet space especially in master, 2 laundry rooms, huge garage with room for toys and a closet cool enough for wine storage. South-facing terrace with spa is beautifully landscaped with wildflowers and melts into the forest. A wildlife sanctuary all day long. New roof, aprx 4 years ago. Radon system. Ski trails in/out marked in pink survey tape. Partially furnished – inventory available.” 2016 Taxes: $11,968; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/18/2017; Sold Date: 11/07/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)

MLS #147145 – Wildridge, 914 Sinclair Road, Snowmass Village, CO: Sold Price: $925,000/$509 sq ft; unfurnished. More details below photos.

MLS #147145 – Wildridge, 914 Sinclair Road, Snowmass Village, CO: Sold Price: $925,000/$509 sq ft; unfurnished. Snowmass Village single family home for sale. Ask Price: $1,150,000. (Original Price: $1,250,000 and 311 days on the market since 01/03/2017.) This is a 1981 built, 4 bedroom/3 bath, 1,816 sq ft single family home on a 18,912 sq ft lot. Broker comments are “Great opportunity to own or develop a home in the Aspen school district. This is the least expensive home/lot in town of Snowmass Village. Views and top of the road privacy. Ability to build up to 3,000 sqft with a garage exemption as well as an exemption for a 1,000 sqft of basement space. Home is being sold as-is.” 2016 Taxes: $2,706. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/21/2017; Sold Date: 11/10/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

 

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Disclaimer: The statements made in the Estin Report represent the opinions of the author and they should not be relied upon exclusively to make real estate decisions. Information concerning particular real estate opportunities can be requested from Aspen real estate broker agent Tim Estin at 970.309.6163 or by email.  A potential buyer is advised to make an independent investigation of the market and of each property before deciding to purchase. Your opinions may be different. To the extent the statements made herein report facts or conclusions drawn 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 and the information provided is subject to change. The Estin Report is copyrighted 2017 and all rights are reserved. Use is permitted subject to the following attribution with an active link to the source:  “The Estin Report by broker Tim Estin MBA, GRI on Aspen real estate.“

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