The Estin Report Aspen Snowmass Real Estate Weekly Sales and Statistics: (8) Closed and (8) Under Contract / Pending: Nov. 28 – Dec 5, 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.

The fall is typically the busiest sales season of the year... here are actual sold numbers for all Aspen and Snowmass properties more than $250,000, no fractionals, summarized in their respective spreadsheets and MLS links to photos and details for Sept, Oct., Nov. 2010: (Links to MLS photos and details are valid for 30 days until 01/04/11)

o Aspen Solds Summary (48 total) and MLS Photos, Details
Single family homes (23 solds); Condos (22 solds); Duplexes (3 solds)
o Snowmass Village Solds Summary (16 total) and MLS Photos, Details
Single family homes (10 solds); Condos (6 solds)
o Vacant Land Solds Summary (5 total) and MLS Photos, Details
Aspen, WC, OSM (5) and Snowmass (0)

Last Week’s Aspen and Snowmass Real Estate 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. 28 – Dec. 5, 2010
Closed (8): MLS#’s 110329, 117492, 116963, 116893, 109403, 117221, 117171, 114807 Link is valid for 30 days until 1/4/2011.

MLS # 110329 – Downtown Aspen Townhome, Silverstream Condominiums, 926 E Durant Street 1 Aspen, CO: Sold Price: $2,600,00/$1,083 sq ft; Ask Price: $2,995,0000. (Original Price: $4,395,000 and 607 days on the market since 4/3/2009). This is 1998 townhome/condo in a 5 unit complex 2.5 blocks from the Gondola. It is 3 bdrms/3.5 baths, 2,588 sq ft, 3-levels, with an outdoor patio and 2-car covered spaces. The listing broker writes, “Beautifully finished and furnished townhome with 3 bedrooms, 3.5 baths, 2586 sq ft, great floor plan, vaulted ceilings, granite counters, oversized master bedroom & marble bath, covered parking for 2 cars, and views of Aspen Mountain. The small, well managed complex is located within walking distance to the gondola and amenities of downtown Aspen.” 2009 Taxes: $8,593 Yr; HOA Dues: $2,558 Qtr. City of Aspen 1.5% RETT transfer tax applies to buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty and Weaver & Briscoe).

MLS #117492 – Shadow Mountain Condos adjacent to Lift 1A, 809 S. Aspen St #16, Aspen, CO: Sold Price: $1,150,000/$1,223 sq ft; Ask and Original Price: 1,395,000/$1,484 sq ft. and 149 days on the market since 07/19/10.This is one of the very actual ski-in/out condo complexes at the base of Lift 1A Aspen Mountain. It is a 2 bdrm/2 bath, 940 sq ft, built 1968 unit. The list broker comments are “Ski in / Ski out prime corner location! This 2 bedroom, 2 bathroom, 940 sq ft condominium is located on the 3rd level, on the east side of the property, less than 100 feet to Lift One. Includes furnishings, gas fireplace, a private balcony facing Aspen Mountain, tram to the 3rd level, and ski access to and from your front door! Overall great amenities and great views.” 2009 Taxes: $2,885 Yr; HOA Dues: $3,720 Qtr. City of Aspen 1.5% RETT transfer tax applies to buyer.Under Contract date: 10/28/10; Closed Date: 12/01/10. (Photos and description courtesy of BJ Adams and Company-Aspen.)

MLS 116963 – Downtown Aspen condo, Park Central West complex (across the street east of Crystal Palace, 210 E. Hyman #1, Aspen, CO: Sold Price: $1,050,000/$1,073 sq ft; Ask Price: $1,295,000/$1,324 sq ft. (Original Price $1,495,000 and 410 days on the market since 6/26/09 – with a 4 month cancelled hiatus.) This is a centrally located 1 bdrm/2 bath condo, 978 sq ft, built 1981/ remodeled 2010. The listi broker comments are, “Fabulous one bedroom plus den/office, two bath condominium! Conveniently located on the ground level with large private outdoor patio/cabana area complete with built in seating areas, custom cushions and flat screen television. This unit offers direct access to the pool and hot tub area and plenty of room for outdoor entertaining. The interior has been renovated in a contemporary style with dark woods and beautiful granite countertops in the kitchen. The oversized master suite has an en suite bathroom and walks out to the private patio area. Great views of Aspen Mtn. and located just one block from all the shops and restaurants.” 2009 Taxes: #3,128 Yr; HOA Dues: $2,435 Qtr. Under Contract date: 10/12/10; Closed Date 12/01/10). City of Aspen 1.5% RETT transfer tax applies to buyer. (Photos and description courtesy of Whitman Fine Properties).

MLS #116893 – Aspen Alps condo, 700 Ute Ave #205, Aspen, CO: Sold Price: $1,025,000/$857 sq ft; Ask and Original Price: $1,395,000/$999 sq ft. and 165 days on the market. This is 2 bdrm/3 bath, 1,196 sq ft unit at the base of Aspen Mtn Gondola built in 1963. The Aspen Alps complex is one of the few full-amenity complexes in downtown Aspen. The list broker says, “Beautiful turnkey furnished, almost 1,200 square feet, two bedroom plus a den, three bath condo at The Aspen Alps. This ground floor unit has a solid rental history as being wheelchair accessible and is only ½ a block away from the Little Nell Hotel and the Gondola, makes it one of the best buys in Aspen. Also included is one garage space and 3 storage lockers.” 2009 Taxes: $3,797 Yr; HOA Dues: $1,525 per month.City of Aspen 1.5% RETT transfer tax applies to buyer. Under Contract Date: 10/06/10; Closed Date: 11/22/10. (Photos and description courtesy of Mason Morse Real Estate).

MLS #109403 – 2006 built single family home 2.5 blocks east of Aspen Mtn Gondola, 900 Waters Ave. Aspen, CO: Sold Price: $9,200,000/$$1,435 sq ft. Ask Price: $11,900,000/$1,856 sq ft (Original Price: $14,900,000 and 633 days on the market since Feb. 4, 09.) This is a 2006 home steps away from Gondola, 5 bdrms/6.5 ba, 6,411 sq ft with 2-car garage on a 6,000 sq ft corner lot facing Aspen Mtn.The list broker comments are, “Downtown Core… Direct views of Aspen Mountain. Walk to the gondola and The Little Nell. Old world European charm with Colorado finishes. Stone and wood exterior with copper accents and multiple patios/decks. Exquisitely furnished.” 2009 Taxes: $21,765 Yr. Under Contract Date: 10/29/10; Close Date: 11/29/10). City of Aspen 1.5% RETT transfer tax applies to buyer. (Photos and description courtesy of Mason Morse Real Estate).

MLS # 117221 – central Aspen river frontage acreage, 69 Shady Ln, Aspen, CO: Sold Price: $13,000,000; Ask and Original Price: $15,000,000. 152 days on the market since 7/2/10. This is 2.75 acre singular teardown/lot river frontage offering just off the Rio Grande Trail downstream from the Aspen US Post Office. The list broker writes,”A RIVER RUNS THROUGH IT”, The most magical piece of land within a 5 minute walk to the Hotel Jerome. 2.755 acres at the confluence of the Roaring Fork River and Hunter Creek.” Taxes unknown. Under Contract Date: 8/16/10; Close Date: 11/16/10. City of Aspen 1.5% RETT transfer tax applies to buyer. (Photos and description courtesy of Carol Dopkin Real Estate).

MLS #117171 – single family home, 215 Maple Ridge Ln, Snowmass Village, CO: Sold Price: $1,875,000/$522 sq ft; Ask Price: $1,995,000/$556 sq ft. (Original Price: $3,450000 and 730 days on the market with a few off-season strategic withdrawals since 10/16/08). This is a 1969 built/2008 remodel Snowmass home with 4 bdrms/4.5 baths, 3,589 sq ft and 2-cat garage on .8 acres. The list broker comments are, “The quintessential house in the woods, surrounded by Aspen trees, enveloped by distant mountain views and adjacent to protected open space. This Ridge Run home offers the most bang for the buck. The home features 4 bedrooms, 4.5 baths, + office/exercise room. There are 2 living rooms on the main level – one w/vaulted ceilings, the second is cozy, directly off the kitchen w/access to an above grade deck set inside an Aspen tree grove. Newly remodeled inside and out…no better value in SMV for SF home. ” 2009 Taxes: $8,600 Yr; HOA Dues: $90 Yr. Under Contract Date: 09/28/120; Close Date: 12/01/10. (Photos and description courtesy of Chaffin Light Real Estate Snowmass Village ).

MLS #114807 – Woody Creek single family new spec home, 232 Woods Rd, Woody Creek, CO: Sold Price: $3,100,000/$608 sq ft; Ask Price: $3,395,000/$783 sq ft. (Original Price: $7,250,000 and 1365 days on the market since 6/14/2007 – it was listed pre and during construction).This is a 2008 built spec home, 5 bdrms/4.5 baths, 5,099 sf with 2-car garage, on 2 acres of hillside overlooking the Roaring Fork River approx 10 minutes from downtown Aspen. The listing broker comments are, “Incredible custom home in Woody Creek built in 2008. This 5 bedroom, 4.5 baths 5,099 square foot home is right on the river for fishing and has wonderful views from every single room. You will adore this private river retreat and yet it is close to all the ski mountains and everything Aspen has to offer.” 2009 Taxes: $7,530 Yr. Under Contract Date: 10/15/10; Closed Date: 11/30/10. (Photos and description courtesy of Carol Dopkin Real Estate).

Under Contract / Pending (8): MLS #’s 105040, 118128, 114016, 115147, 116367, 116874, 116466, 116010 Link is valid for 30 days until 1/4/2011. Photos and details of under contract properties are not posted unless special circumstances warrant.

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s Aspen Real Estate Blog on twitter @EstinAspen or click “Join the conversation” below:

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