The Estin Report Aspen Snowmass Real Estate Weekly Sales and Statistics: (3) Closed and (4) Under Contract / Pending: Nov. 21 – 28, 10

For regular Aspen Snowmass real estate updates and news, Tim Estin’s blog www.AspenRealEstateBlog.com is released Monday mornings and at times during the week. The Estin Report on the state of the Aspen Snowmass real estate market is released quarterly. Tim is an active Aspen real estate broker associate at Mason Morse Real Estate in downtown Aspen and he welcomes your business, inquiries and comments. Follow or RSS subscribe on twitter @EstinAspen.

Last Week’s Aspen and Snowmass Sales and Under Contract Activity: Last week’s real estate sales activity appears below for the upper Roaring Fork Valley for all property types over $250,000 excluding fractionals in Aspen, Snowmass Village, Woody Creek and Old Snowmass (although Residences at Little Nell and Dancing Bear are included due to their higher fractional price points). Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted to keep an archive of sold market activity.

For a Spreadsheet Summary of the past week’s sales and under contract activity, see The Estin Report: Aspen Snowmass Weekly Sales Statistics, Nov. 21 -28, 2010

Closed (3): 115503, 113978, 113936 LInk is valid for 30 days until 12/27/2010.

MLS # 115503 – Downtown Aspen brand new townhome, 410 West End, Unit 2, Aspen, CO: Sold Price: $7,200,000/$1,574 sq ft; Ask Price: $7,950,000. Original price $8,775,000. and 244 days on market since 3/24/10. The property went under contract 11/16/10 and closed on 11/23/10 cash. This is a half duplex/townhome 2 blocks from Aspen’s City Market. It is 4 bdrms/ 4 baths and 2 half bahs, 4,574 sq ft with 2-car garage.The listing brokers comments are, “Only two blocks from Little Nell Hotel and gondola with lovely views of Aspen Mountain. The 4,500 square foot townhome has two gorgeous master suites, a very hip kitchen opening up to a grand living room with a charming deck and fireplace. The upper deck with jacuzzi is very private. The lower level features a media room and two additional bedrooms. Owner can transfer control of two bedroom approximately 900 square foot AHU accessed on the east side of the building also. ” 2009 Taxes: $7,880 Yr. City of Aspen RETT tranfer tax of 1.5% of purchase price applies to buyer.(Photos and description courtesy of Lorrie B Aspen)

MLS # 113978 – Historic West End Aspen single family home, 207 N. Second, Aspen, CO: Sold Price: $4,825,000/$1,068 sq ft.; Ask Price: $4,995,000. Original price $5,995,000. and 1,285 days on the market since 2/16/07. This is a 4bdrm/4 bath 4,517 sq ft 1994 built/2008 remodeled home on a 6,0000 sq ft corner lot with a spacious 2-car garage.The list broker writes, “Fabulous home located on a corner lot in the historic West End. Walking distance to town, the Music Tent, hiking trails and more. This spacious four bedrooms, four and one-half bathrooms, three-level floor plan is perfect for entertaining yet offers much privacy. Enjoy the fabulous views of Aspen Mountain from the privacy of your deck while sipping your morning coffee or your evening glass of wine.” 2008 Taxes: $13,019 Yr. City of Aspen RETT transfer tax of 1.5% of purchase price applies to buyer.(Photos and description courtesy of Aspen Real Estate Company).

MLS # 113936 – Aspen Alps condominium at Aspen Mtn Gondola base, 700 S. Ute Ave #304, Aspen, CO: Sold Price: $1,050,000/$864 sq ft; Ask Price: $1,395,000. Original price $2,300,000 and 722 days on the market 05/15/08 One of the best Aspen condo deals in the past two years….This is 2 bdrm/ 3 bath,1,215 sq ft condo close enough to the ski mountain to be considered practically ski-in/out. Aspen Alps is one of the few full amenity complexes in Aspen built at the base of Aspen Mountain in 1963. Listing broker comments, “Very private corner unit in the 300 building that looks out over a park like setting of the Alps open space. Newly remodeled kitchen & lower level walks out to the largest patio in the complex. Lowest priced Alps unit currently available. Garage space included.” 2009 Taxes: $3,774 Yr. HOA Dues: $1,654 month. City of Aspen RETT transfer tax of 1.5% of purchase price applies to buyer.(Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty).

Under Contract / Pending (4): 117853, 116397, 118747, 104431 LInk is valid for 30 days until 12/27/2010. Photos and descriptions of pending properties are not posted unless special circumstances warrant.

new TWTR.Widget({ version: 2, type: ‘profile’, rpp: 4, interval: 6000, width: 250, height: 300, theme: { shell: { background: ‘#333333’, color: ‘#ffffff’ }, tweets: { background: ‘#000000’, color: ‘#ffffff’, links: ‘#4aed05’ } }, features: { scrollbar: false, loop: false, live: false, hashtags: true, timestamp: true, avatars: false, behavior: ‘all’ } }).render().setUser(‘EstinAspen’).start();

Disclaimer: The statements made in The Estin Report and on 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 970.920.7387 or by email.. The Estin Report is copyrighted 2010 and all rights reserved.. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com”