The Estin Report: 3rd Quarter 2010 Aspen Snowmass Residential Real Estate was released last week on my blog and on the home page of this site. Click the image below for complete report.
Click image for 3Q10 Estin Report
Market Highlights from last week’s Aspen Snowmass Real Estate sales (Closings) and Under contracts (Pendings)
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 link(s) to photos and property details expire after 30 days, photos and descriptions of the closed properties are posted to preserve 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. 7 – 14, 2010
Closed (6): MLS #’s 114337, 116111, 109351, 112433,111090, 112524. Link valid for 30 days until 12/14/10.
MLS #109349 & 109351 – two historic corner lot(s) for redevelopement at 421 N. 5th & 5th W. Smuggler: Sold Price: $4,000,000./$1,965 sq ft; Ask Price: $4,500,000. (Original List price: $5,300,000. and 649 days on the market since 2/01/09). Went under contract 10/07/10; closed 11/12/10.The 1888 built/1981 remodel historic structures combine a total of 2,290 heated sq ft on a combined 9,000 sf lot. Broker comments, “See MLS#109349 & 109351 for information on adjacent property also for sale. 2 side by side Victorians on NE corner of the block in the heart of the West End, on the shuttle route, close to Music Tent, sunny area and seasonal stream. Talk to listing agent about historical incentives. Lot split possible.” City of Aspen RETT transfer tax of approx. 1.5% applies to the buyer. 2009 Taxes: $15,980. Yr (Photos and description courtesy of Stirling Properties).
MLS #112433 – Lift One Condominium, 100 E Dean Street 3a Aspen, CO: Sold Price: $887,500/ $918 sq ft; Ask Price: $995,000/$1,029 sq ft (Original List Price: $1,275,000 and 462 days on the market since 07/28/09). This is a 2 bdrm/2 bath, 967 sq ft remodeled in 2007 near Lift 1A. Listing broker writes, “Prime location in the core of Aspen, walk everywhere from this top floor corner condo just 1 block West of Lift 1A and across from Koch Park. Sunlight pours through skylights and windows in every room. Interior features include antique reclaimed Heart Pine wood floors, custom cherry cabinetry, poured concrete countertops, marble, granite and slate finishes, wood burning fireplace. This unit faces North, West and South with views of Ajax and town from covered decks off the living room and master bedroom.”. 2008 Taxes: $2,417 Yr; HOA Dues: $854 Qtr. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty)
MLS #116111 – single family home, 895 S. Starwood Dr, Aspen, CO: Sold Price: $2,050,000/$376 sq ft; Ask Price: $2,495,000/$458 sq ft. (Original List Price: $2,775,000 and 762 days on the market since 10/01/08). Under contract date: 9/8/10 and closed date: 11/05/10. Sellers had purchased home on 05/15/06 for $1,650,000). This is a 1979 built, 5 bdrm/4.5 bath, 5,440 sq ft home with 528 sq ft 2-car garage on 3.11 acres. The listing broker comments, “Hom of former international celebrity! Priced to sell! Starwood is a neighborhood renowned for privacy, security and a pristine alpine environment. Offering beauty and tranquility yet just minutes to Aspen, Starwood is Aspen’s exclusive 24/7 guard-gated neighborhood and maintains two private tennis courts for its resident’s use. The interior of this lovely home was remodeled in 2007 and is up-to-date, fun and perfect for family gatherings. Three very private wooded acres, soaring wood-beamed ceilings and interesting architectural detailing add to the enjoyment of this wonderful mountain retreat. Price has been reduced to lot value to encourage an immediate sale.” 2009 Taxes: $8,864 Yr; HOA Dues: $189 Yr. (Photos and description courtesy of Carol Dopkin Real Estate).
MLS # 111090 – ski-in/out single family home, 641 Two Creeks Dr, Snowmass Village, CO: Sold Price: $5,300,000/$993 sq ft; Ask Price: $6,000,000/$1,124 sq ft. (Original List Price: $10,700,000 and 536 days on the market since 05/18/09).Went under contract 9/15/10 and closed 11/2/10.This is a 2000 built, 5 bdrm/5.5 bath, 5,337 sq ft ski-in/out Snowmass home with 780 sq ft 2-car garage on 4.2 acres.Broker comments, “Ski In to the back door of this private 4 acre home in Two Creeks Beautiful Summer Home with a private pond in the back yard. Bonus room that can be used as a 6th bedroom or private office.”. 2009 Taxes: $23,800 Yr; HOA Dues: $1,115. (Photos and description courtesy of Alpine Real Estate, Inc).
MLS #112524 – ski-in/out Top of Village condominium, 0855 Carriage Way Slope #209, Snowmass Village, CO: Sold Price: $600,000/$556 sq ft; Ask Price: $800,000/$741 sq ft. (Original List Price: $1,500,000. and 950 total elapsed days on the market since 04/07/08 ). Under contract date: 10/11/10 and closed date: 11/10/10. This is a conveniently located 2 bdrm/2 bath, 1,080 sq ft 1974 built/1995 remodeled ” First floor, two-bedroom, two-bath Top of the Village condominium with ski-in and ski-out access. Located directly across fromthe complex’s clubhouse with pool, hot tub and conference area. Sold comfortably furnished, plus a wood-burning fireplace and upgraded baths and floors. Patio outside living room allows for great views and barbequing, along with easy ski access.” writes the listing broker. 2009 Taxes: $2,645 Yr; HOA Dues: $11,755 Yr.(Photos and description courtesy of Joshua & Co, Snowmass Village).
Under Contract / Pending (2): MLS #’s 113978, 118726. Link is valid for 30 days until 12/14/10. Photos and descriptions of Pending properties are not posted unless special circumstances warrant.
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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”
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