The Estin Report: Oct 2015 Aspen Snowmass Market Snapshot wasposted 11/01/15 inCurrent Reports.The Snapshots are released on or near the 1st Monday of the month.

See recent Before/After redevelopment‘flip job’ examplesin Miscellaneous Info at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (08/24/15) as additional re-sale properties come on the market at significantly higher prices.

Last week’s Aspen and Snowmass sales activity appears below. Scroll down the page for photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to search the blog archives by year and date to 2008. Or useSearchEstinAspenin the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen, the information should be here.

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Market Activity Week 44, November 1 – 8, 2015

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.

Closed (8):MLS#’s:136541, 139980, 139152, 140256, 138605, 141551, 137463, 130275. This link is valid until 12/07/2015.

Under Contract/Pending (5):MLS#’s:131873, 132445, 136417, 141252, 141389, 141379. This link is valid until12/07/2015.

Aspen Snowmass Solds Last Week:

MLS #136541 – Sugar Duplex condo, West End, 707 W Smuggler Street, Aspen, CO. Sold Price: $3,750,000/$971 sq ft; furnished. More details below photos.

MLS #136541 – Sugar Duplex condo, West End, 707 W Smuggler Street, Aspen, CO. Sold Price: $3,750,000/$971 sq ft; furnished. Asking Price: $3,995,000. (Original Price: $4,875,000 and 375 days on the market since 10/27/2014.) This is a 1992 built and 2009 remodeled, 3 bedroom/3 bath/1 half-bath, 3,859 sq ft duplex/half duplex with 2 car garage. Broker comments are “MAJOR PRICE REDUCTION. WAS $4,500,000. NOW $3,995,000. This lovely home combines comfort and elegance. Equipped for Aspen’s unique lifestyle with a thoughtful floor plan designed for family and friends. Inviting living room, chef’s kitchen, spacious dining room, breakfast area, master suite with private patio, two additional guest suites with sitting area. CENTRAL AC. This meticulously maintained half-duplex lives like a single family home and is a quick walk or bike ride to the Benedict Music Tent and the Aspen Institute. Walk one block to the Cross-Town Shuttle for easy access to skiing and downtown Aspen. FURNISHED.(Artwork excluded but various pieces available for purchase.)” 2014 Taxes: $10,210. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/05/2015; Sold Date: 11/06/2015. (Photos and broker comments courtesy of Frias Properties of Aspen)

MLS #139980 – Durant Condos, Central Core, 718 S Galena Street D-10, Aspen, CO. Sold Price: $1,151,240/$1,626 sq ft; furnished. More details below photos.

MLS #139980 – Durant Condos, Central Core, 718 S Galena Street D-10, Aspen, CO. Sold Price: $1,151,240/$1,626 sq ft; furnished. Asking Price: $1,250,000. (Original Price: $1,250,000 and 123 days on the market since 06/29/2015.) This is a 1969 built and 2005 remodeled, 2 bedroom/2 bath, 708 sq ft condo. Broker comments are “Aspen’s unique lifestyle awaits you just steps from your front door. Experience culture, dining, premiere shopping, and ski-in, ski-out access to the Gondola. This exceptional 2 bedroom, 2 bathroom Durant condo features bathrooms finished in Carrerra marble and Waterworks fixtures, Chef¹s kitchen appointed with Viking and Sub-Zero appliances. Well thought-out floor plan with ample storage. Seldom rented, yet excellent rental income potential. Amenities include heated pool, hot tub and on site management. Comprehensive exterior renovation completed July 2015.” 2014 Taxes: $1,375; HOA Dues: $1,938. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/15/2015; Sold Date: 10/30/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #139152 – Gant, Central Core, 610 S West End Street C104, Aspen, CO. Sold Price: $830,000/$851 sq ft; furnished. More details below photos.

MLS #139152 – Gant, Central Core, 610 S West End Street C104, Aspen, CO. Sold Price: $830,000/$851 sq ft; furnished. Asking Price: $895,000. (Original Price: $895,000 and 170 days on the market since 05/19/2015.) This is a 1972 built and 2010 remodeled, 2 bedroom/2 bath, 975 sq ft condo. Broker comments are “Excellent ground floor corner unit with easy access and nice morning sun. Located close to the property lobby, conference center, restaurant and the pool!! Great location just a short walk to the Aspen Club, local trails and the Gondola. The very best resort property in town with two pools, hot tubs, gym, sauna, and hard/clay tennis courts. Convenient shuttle service to the airport and around town. Onsite management and concierge. An excellent price at Aspen’s finest condominium resort!!” 2014 Taxes: $2,428; HOA Dues: $24,289 Year. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/26/2015; Sold Date: 11/05/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #140256 – Hunter Creek, Smuggler, 226 Vine Street, Aspen, CO. Sold Price: $526,500/$884 sq ft; unfurnished. More details below photos.

MLS #140256 – Hunter Creek, Smuggler, 226 Vine Street, Aspen, CO. Sold Price: $526,500/$884 sq ft; unfurnished. Asking Price: $540,000. (Original Price: $540,000 and 101 days on the market since 07/21/2015.) This is a 1980 built, 1 bedroom/1 bath, 595 sq ft condo. Broker comments are “Enjoy the soothing sounds of Hunter Creek while dining al fresco on your quiet balcony or drifting off to sleep. This second floor, 1Br/1Ba features an updated kitchen and bathroom. Wood burning stove for cozy winter evenings. Easy living within walking distance to town. First class amenities include a large pool, hot tubs and new tennis courts.” 2014 Taxes: $938; HOA Dues: $200 Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/22/2015; Sold Date: 10/30/2015. (Photos and broker comments courtesy of Hunter Creek Properties)

MLS #138605 – Little Elk Creek, Old Snowmass, 0250 Little Elk Creek Avenue, Snowmass, CO: Sold Price: $1,100,000/$308 sq ft; unfurnished. More details below photos.

MLS #138605 – Little Elk Creek, Old Snowmass, 0250 Little Elk Creek Avenue, Snowmass, CO: Sold Price: $1,100,000/$308 sq ft; unfurnished. Asking Price: $1,100,000. (Original Price: $1,150,000 and 806 days on the market since 07/11/2011.) This is a 1978 built and 2009 remodeled, 4 bedroom/3 bath, 3,561 sq ft single family home with 2 car garage on a 96,703 sq ft lot. Broker comments are “Wonderfully private 4 bedroom, 3 bath home in Old Snowmass. Well maintained and upgraded with a large open kitchen, living and dining room. Custom office/den, recreation room, 2 steam showers, outdoor spa, 1,000 sq ft master suite with 360 degree views. Manicured lawns, mature landscaping, pond and complimentary irrigation water. Oversized 2 car heated garage plus 2 storage sheds. Come home to Little Elk Creek.” 2014 Taxes: $4,368; HOA Dues: $545 per Qtr. Under Contract Date: 08/10/2015; Sold Date: 11/03/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #141551 – Melton Ranch, Snowmass Village, T23 Meadow Lane (vacant lot), Snowmass Village, CO: Sold Price: $950,000. More details below photos.

MLS #141551 – Melton Ranch, Snowmass Village, T23 Meadow Lane (vacant lot), Snowmass Village, CO: Sold Price: $950,000. Asking Price: $950,000 (Original Price: $950,000 and 173 days on the market since 05/09/2015.) This is a 33,422 sq ft vacant lot. Broker comments are “Beautiful, south-facing views of all ski areas and the Continental Divide. Located on Sno Vlg shuttle bus route. An unusually large site for the neighborhood.” 2014 Taxes: $10,368; HOA Dues: $90 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/11/2015; Sold Date: 10/29/2015. (Photos and broker comments courtesy of Aspen Snowmass Properties|BJ Adams and Company-SMV)

MLS #137463 – Crestwood, Snowmass Village, 400 Wood Road G-1313, Snowmass Village, CO: Sold Price: $620,000/$668 sq ft; furnished. More details below photos.

MLS #137463 – Crestwood, Snowmass Village, 400 Wood Road G-1313, Snowmass Village, CO: Sold Price: $620,000/$668 sq ft; furnished. Asking Price: $685,000. (Original Price: $685,000 and 287 days on the market since 01/15/2015.) This is a 1970 built and 2008 remodeled, 2 bedroom/2 bath, 928 sq ft condo. Broker comments are “Premier-rated, top-floor corner 1-bedroom + sleeping loft property. This condominium has been beautifully renovated and features a new gas fireplace, kitchen and baths. All new linens and accessories. A wraparound balcony with extra windows in the living room, kitchen and loft capture A+ gondola, ski trail and valley views. Per management, one of the very best units in the complex. Extremely popular with renters.” 2014 Taxes: $2,206; HOA Dues: $14,713 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/11/2015; Sold Date: 10/29/2015. (Photos and broker comments courtesy of Aspen Snowmass Properties|BJ Adams and Company-SMV)

MLS #130275 – Seasons 4, Snowmass Village, 35 Lower Woodbridge Road 186, Snowmass Village, CO: Sold Price: $525,000/$418 sq ft; furnished. More details below photos.

MLS #130275 – Seasons 4, Snowmass Village, 35 Lower Woodbridge Road 186, Snowmass Village, CO: Sold Price: $525,000/$418 sq ft; furnished. Asking Price: $548,000. (Original Price: $725,000 and 1,487 days on the market since 07/13/2011.) This is a 1971 built, 3 bedroom/2 bath, 1,253 sq ft condo. Broker comments are “Wonderful opportunity to live or play in Snowmass Village. Top floor corner has an extra large picture window off of the dining/living area with great natural light streaming in. This two bedroom plus loft with two bathrooms has a contemporary design with high-end fixtures such as Perrin & Rowe. This recent high-end remodel includes new carpet, intricate tile flooring, and redesigned custom kitchen. Never in the rental pool, this gorgeous retreat is in excellent condition and ready for you to move in. Seasons 4 Condominium complex has on-site HOA management, pool, hot tub, and community room among the amenities. Access the ski areas on the free skier shuttle just outside your door.” 2014 Taxes: $1,525; HOA Dues: $1,719 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/24/2015; Sold Date: 11/03/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)

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Disclaimer: The statements made in The Estin Report and on Aspen broker 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 at970.309.6163or byemail.The Estin Report is copyrighted 2015 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:“The Estin Reporton Aspen Real Estate.”

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