The Estin Report: Nov 2015 Aspen Snowmass Real Estate Market Snapshot wasposted 12/04/15 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 (11/24/15) 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.

_______________________

Market Activity Week 48, November 29 – December 6, 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 (10):MLS#’s:133053, 131346, 136309, 138311, 139283, 139684, 140350, 140787, 141144, 141687.This link is valid until 1/5/2016.

Under Contract/Pending (11):MLS#’s:137227, 127879, 133316, 138014, 138223, 138759, 140504, 141478, 141499, 141613, 141772. This link is valid until 1/5/2016.

Aspen Snowmass Solds Last Week:

MLS #136309 – Ridge of Red Mt, Red Mountain, 71 Salvation Circle, Aspen, CO. Sold Price: $7,350,000/$1,569 sq ft; furnished. More detials below photos.

MLS #136309 – Ridge of Red Mt, Red Mountain, 71 Salvation Circle, Aspen, CO. Sold Price: $7,350,000/$1,569 sq ft; furnished. Asking Price: $8,995,000. (Original Price: $8,995,000 and 422 days on the market since 10/06/2014.) This is a 1978 built, 5 bedroom/5 bath/1 half-bath, 4,683 sq ft single family residence with 4+ car garage on a 34,409 sq ft lot. Broker comments are “Enjoy absolutely stunning mountain views from this private location close to downtown Aspen and with the prestige of Red Mountain. This well maintained home is in perfect condition and features 5 bedrooms, 5.5 baths, 4,683 square feet, master suite, living room & kitchen all on the entry level, 636 square foot 4 car garage, inviting outdoor spaces, fenced backyard, spacious front deck, and extensive parking for guests.” 2015 taxes: $12,043; HOA Dues: $754 per Yr. Under Contract Date: 09/04/2015; Sold Date: 12/02/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #131346 – Central Core commercial industria, 122 W Main, Aspen, CO. Sold Price: $2,000,000 sq ft. More details below photos.

MLS #131346 – Central Core, 122 W Main, Aspen, CO. Sold Price: $2,000,000 sq ft.Asking Price: $2,195,000. (Original Price: $2,495,000 and 741 days on the market since 08/19/2013.) This is a 1999 built, 1-5 units, 2,797 sq ft commercial industria on 4,000 sq ft lot. Broker comments are “Charming Victorian building on Main Street next to Hotel Aspen. Built in 1995, this is not a historical building. Mixed-use zoning allows for a variety of residential and commercial uses.” 2014 taxes: $14,572. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/08/2015; Sold Date: 11/30/2015. (Photos and broker comments courtesy of Fleisher Real Estate Glenwood)

MLS #140350 – Gant, Central Core, 610 S West End Street H-101, Aspen, CO. Sold Price: $1,325,000/$1,373 sq ft. More details below photos.

MLS #140350 – Gant, Central Core, 610 S West End Street H-101, Aspen, CO. Sold Price: $1,325,000/$1,373 sq ft. Asking Price: $1,395,000. (Original Price: $1,395,000 and 451 days on the market since 12/19/2013.) This is a 1972 built and 2013 remodeled, 2 bedroom/2 bath, 965 sq ft condo. Broker comments are “Fantastic 2 bedroom 2 bath condominium at the Gant. Premier rated unit with great rental history! New contemporary remodel was completed in 2013. Sold furnished and ready to move in. The Gant is situated just a short walk to the Gondola, Aspen Club, local trails. Ground floor unit location provides easy access. The very best resort property in town with two pools, hot tubs, gym, sauna, and hard and clay tennis courts. Convenient shuttle service to the airport and around town. Onsite management and concierge. Pets are allowed for owners. Absolutely turn key!” 2014 taxes: $2,574; HOA Dues: $24,290 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/29/2015; Sold Date: 11/30/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #139283 – Central Core, 222 W Hopkins #5, Aspen, CO. Sold Price: $1,300,000/$1,699 sq ft; furnished. More details below photos.

MLS #139283 – Central Core, 222 W Hopkins #5, Aspen, CO. Sold Price: $1,300,000/$1,699 sq ft; furnished. Asking Price: $1,395,000; furnished. (Original Price: $1,395,000 and 162 days on the market since 06/01/2015.) This is a 1888 built and 2013 remodeled, 1 bedroom/1 bath, 765 sq ft condo. Broker comments are “The most beautiful historic pied-a-terre in Aspen. Ideal gorgeous West End location walking distance to all of Aspen. Absolutely charming updated one bedroom home. New kitchen with statuary white marble, wolf/Sub Zero/Miele appliances and new cabinetry. Large deck looking directly up Aspen Mountain for outdoor living. New, Light, Bright, Views and A+ location! What more could you want? Additional features include assigned off street parking, steam shower in bath, Nest smart thermostats and storage unit.” 2014 taxes: $2,053; HOA Dues: $1,529 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/21/2015; Sold Date: 12/01/2015. (Photos and broker comments courtesy of Portfolio Aspen Properties)

MLS #138311 – Gant, Central Core, 610 S West End Street F202, Aspen, CO. Sold Price: $975,000/$984 sq ft; furnished. More details below photos.

MLS #138311 – Gant, Central Core, 610 S West End Street F202, Aspen, CO. Sold Price: $975,000/$984 sq ft; furnished. Asking Price: $999,000. (Original Price: $990,000 and 763 days on the market since 09/09/2013.) This is a 1972 built and 2012 remodeled, 2 bedroom/2 bath, 990 sq ft condo. Broker comments are “This east facing unit is quiet and easily accessible with great views of Smuggler and Independence Pass! Sold furnished and was recently remodeled in 2012. 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. A great opportunity to own at The Gant at an exceptional price!!!” 2014 taxes: $2,803; HOA Dues: $11,445 per Semi-Annual. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/28/2015; Sold Date: 12/04/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #133053 – Aspen Square, Central Core, 617 E Cooper Avenue Unit 214, Aspen, CO. Sold Price: $700,000/$1,411 sq ft; furnished. More details below photos.

MLS #133053 – Aspen Square, Central Core, 617 E Cooper Avenue Unit 214, Aspen, CO. Sold Price: $700,000/$1,411 sq ft; furnished. Asking Price: $749,000. (Original Price: $810,000 and 646 days on the market since 02/24/2014.) This is a 1969 built and 2011 remodeled, 1 bath, 496 sq ft condo. Broker comments are “Rarely available south-facing studio with Aspen Mountain ski slope views! Very light and bright. Across the street from the Silver Queen Gondola plaza. Second floor. Granite counters and finishes, stainless appliances, wood-burning fireplace, split king bed plus pull-out sofabed. Fitness facility, outdoor pool and 2 hot tubs, conference room, front-desk and concierge services. Daily housekeeping. Complimentary underground parking, wireless internet.” 2013 taxes: $1,650; HOA Dues: $19,000 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/18/2015; Sold Date: 12/02/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #141144 – Aspen Airport Business Center, West Aspen, 209 Ventor Avenue Unit L, Aspen, CO. Sold Price: $560,000/$520 sq ft; unfurnished. More details below photos.

MLS #141144 – Aspen Airport Business Center, West Aspen, 209 Ventor Avenue Unit L, Aspen, CO. Sold Price: $560,000/$520 sq ft; unfurnished. Asking Price: $575,000. (Original Price: $575,000 and 78 days on the market since 09/15/2015.) This is a 1982 built and 2003 remodeled, 3 bedrooms/2 bath, 1,076 sq ft condo. Broker comments are “Very affordable free market Aspen condominium with over 600 sf of deck space. Granite counter tops in both the kitchen and baths, wood laminate floors, two levels, three outside decks, additional storage in large outside shed, one parking space assigned plus additional area for parking. A great investment for buyers looking for rental income.” 2014 taxes: $1,016; HOA Dues: $1,273 per Qtr. Under Contract Date: 10/13/2015; Sold Date: 12/02/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #139684 – Samuelson Sub, Old Snowmass, 0066 Hunter Logan Lane, Snowmass, CO: Sold Price: $689,000/$261 sq ft; partial furnished. More details below photos.

MLS #139684 – Samuelson Sub, Old Snowmass, 0066 Hunter Logan Lane, Snowmass, CO: Sold Price: $689,000/$261 sq ft; partial furnished. Asking Price: $749,000. (Original Price: $749,000 and 178 days on the market since 06/05/2015.) This is a 1970 built and 2013 remodeled, 4 bedroom/2 bath/1 half-bath, 2,802 sq ft single family residence with 2 car garage on a 14,810 sq ft lot. Broker comments are “Classic Colorado setting – Nestled at the mouth of Snowmass Canyon, this property is perfect for locals and guests who love to live the outdoor lifestyle every day. Walk out your back door onto the Rio Grande trail for an easy walk or pedal to the quaint town of Basalt. Take a longer jaunt to the iconic Woody Creek Tavern for lunch. For more ambitious riders, the town of Aspen awaits. In winter, cross-country ski or snowshoe along the trail. The pedestrian overpass bridge (across Hwy 82 and the Roaring Fork River) is a two- minute walk from the house and connects the Rio Grande trail to Basalt and flyfishing along the banks of the Roaring Fork River. RFTA bus stop (Wingo Junction) is at the end of the driveway. Suit up for skiing all day, leave the car and ride RFTA to Aspen Mountain, Aspen Highlands, Buttermilk or Snowmass ski areas. Downtown Aspen and Snowmass events and festivals are also easier without the car. Lock off the master suite (complete with kitchenette and separate entrance) for rental income or mother-in-law. Relax in privacy or entertain on your backyard patio surrounded by flowering rock wall gardens, mature aspens, cottonwoods and towering Colorado blue spruce.” 2014 Taxes: $3,392; HOA Dues: $100 per Yr. Under Contract Date: 10/16/2015; Sold Date: 11/30/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #140787 – Ridge Subdivision, Snowmass Village, 229 Faraway Road 10, Snowmass Village, CO: Sold Price: $1,400,000/$618 sq ft; furnished. More details below photos.

MLS #140787 – Ridge, Snowmass Village, 229 Faraway Road 10, Snowmass Village, CO: Sold Price: $1,400,000/$618 sq ft; furnished. Asking Price: $1,574,000. (Original Price: $4,895,000 and 345 days on the market since 12/10/2014.) This is a 1997 built, 3 bedroom/4 bath/1 half-bath, 4,490 sq ft single family residence with 2 car garage on a 86,423 sq ft lot. Broker comments are “A private retreat tucked into the aspens at the top of Two Creeks. Contemporary architecture by Heidi Hoffman which cleverly mirrors the surrounding ridgelines and mountain peaks. Splendidly landscaped with wildflowers. Radiant floors, 2 fireplaces, elegant library, spa, and lots of light provided by clerestory and large picture windows. Beautiful decks and views east to the Continental Divide across the ski area. Ski access available via two adjacent private trails. Extremely quiet. Room to expand to 5500 sq ft, or more.” 2014 Taxes: $17,105; HOA Dues: $1,000 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/29/2015; Sold Date: 11/20/2015. (Photos and broker comments courtesy of BERKSHIRE HATHAWAY Home Services | Aspen Snowmass Properties)

MLS #141687 – Viceroy, Snowmass Village, 130 Wood Road 533, Snowmass Village, CO: Sold Price: $840,000/$945 sq ft; furnished. More details below photos.

MLS #141687 – Viceroy, Snowmass Village, 130 Wood Road 533, Snowmass Village, CO: Sold Price: $840,000/$945 sq ft; furnished. Asking Price: $902,000. (Original Price: $902,000 and 8 days on the market since 11/16/2015.) This is a 2010 built, 2 bedroom/2 bath, 888 sq ft condo. Broker comments are “Enjoy luxurious amenities and whole ownership at The Residences Viceroy Snowmass. This is resort living at its best! Located in Snowmass Base Village, Leed Gold certified Viceroy Snowmass offers it all: sophisticated and lavishly appointed residences; ski-in/ski-out access; award-winning Wellness Spa; highly-acclaimed Eight K and Nest restaurants; all-season, full-service outdoor pool and hot tub area; together with the refined level of service that the Viceroy is known for worldwide. Property awards include Travel + Leisure Top 50 Hotels for Families, Conde Nast Traveler Gold List 2015, Conde Nast Best Resorts 2014, and Travel + Leisure World’s Best Award 2014. Please contact the listing agent for information on our experienced preferred lenders.” 2014 Taxes: $5,323; HOA Dues: $5,738 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/17/2015; Sold Date: 11/24/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)

Tim Estin welcomes your business, inquiries and comments. Call him at970.309.6163or email him from theContact Page. Subscribe to The Estin Report and blog on twitter@EstinAspenby clicking “Join the conversation” button below or click one of the different subscription options in banner at the top of page:

Recent Estin Report tweets on Aspen Real Estate

{loadposition articlepos}

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.”

_______________________________________