Oct 1 – 8, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (9)
The Estin Report: Sep 2017 Aspen Real Estate Monthly Snapshot has been posted in Current Reports.The Snapshots are usually posted on or near the 1st Monday of the month.
Sep 2017 Bottom Line
“We are on a remarkably similar path to 2015, the biggest year since the Great Recession.
– Through Sep 2017 YTD, total Aspen and SMV combined dollar sales have exceeded Sep 2015 YTD by 4.3%, $1.165B vs $1.117B.
– Unit sales are also similar: (327) in 2017 YTD vs (331) in 2015 YTD.
– And luxury sales of properties over $10M are tracking 2015: there have been (21) in 2017 YTD vs (23) in 2015 YTD.
Listing Inventory for…“ Read more
Added to Sep 2017 Snapshot Summary:
Deep Dive: Sales by Location (Pgs 7 & 9 of Snapshot)
– Aspen: Sales by Neighborhoods
– Snowmass Village: Sales by Neighborhoods
The Estin Report: Mid-Year 2017 State of Aspen Real Estate
was released in the summer 2017 in Current Reports. The 32-Page report is available on-line as PDF and in a print edition in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.
“Flip Job” Examples: See recent Before/After Redevelopment in the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (07/4/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 41, Oct 1 – 8, 2017
Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr 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. Scroll down the page for home 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 quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen real estate, the information should be here.
Closed (10): MLS#s 141923, 141085, 144832, 146955, 148280, 149233, 149521, 149783, 149877, 149961. This link is valid until 11/7/2017.
Under Contract/Pending (9): MLS#s 141626, 145936, 141479, 142876, 145012, 147266, 149196, 149573, 151118. This link is valid until 11/7/2017.
Aspen Snowmass Solds Last Week:
MLS #146955 – Top Of Mill, Central Core, 934 S Mill Street, Aspen, CO. Sold Price: $22,500,000/$2,455 sq ft; furnished. More details below photos.
MLS #146955 – Top Of Mill, Central Core, 934 S Mill Street, Aspen, CO. Sold Price: $22,500,000/$2,455 sq ft; furnished. Aspen single family home for sale. Ask Price: $29,250,000. (Original Price: $30,950,000 and 298 days on the market since 12/12/2016. The selling price was at a 23% discount to ask. The sellers paid $8.7M in 4/20/07 for the vacant lot.) This is a 2012 built, 7 bedroom/8 bath/2 half-bath, 9,162 sq ft single family home with 2 car garage on a 10,806 sq ft lot. Broker comments are “Top of Mill = top of the hill. Premium location, ski in/ski out, walk to town. This rare find is one of a kind. Big views towards Red Mountain and enjoy the privacy of Aspen Mountain from the back patio. Built in 2012, this refined family home lacks absolutely nothing. There are 6 bedrooms, 8 bathrooms and 2 powder rooms. There is a separate one bedroom guest house with a bath and kitchen, which is currently set up as a gym. In addition in main house, there is a sport court for basketball and all your gym activities. All of your family and guests have many places to congregate including a media/den area, large family and game room with a full service bar. There are over 1,800 sqft of outdoor decks and patios with a large hot tub and outdoor fireplace. Ski right to the large mud/ski room. There is an elevator and laundry on every floor, and too many amenities to mention. Interior design by Liz McCabe Interiors. Truly one of a kind in Aspen” 2016 taxes: $38,198; HOA Dues: $1200 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/25/2017; Sold Date: 10/06/2017. (Photos and broker comments courtesy of Aspen Associates Realty)
MLS #149783 – Riverside, East Aspen, 1190 Riverside Drive, Aspen, CO. Sold Price: $5,975,000/$1,934 sq ft; unfurnished. More details below photo.
MLS #149783 – Riverside, East Aspen, 1190 Riverside Drive, Aspen, CO. Sold Price: $5,975,000/$1,934 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $6,000,000. (Original Price: $6,000,000 and 91 days on the market since 06/30/2017. The property sold on 5/24/12 as a 1963 single family home on a duplexable 14,187 sq ft lot…the lot had been rezoned in 2005 from R-15 to R-6 zone. A separate driveway easement with the adjacent neighbor was recorded in Nov 2004 allowing for a shared driveway. The new, rebuilt property now consists of two brand new 2017 homes, 1190 and 1195 Riverside with an ADU (Accessory Dwelling Unit – a deed restricted apartment) required by the City of Aspen. 1195 Riverside (MLS 149784) is for sale at a recently reduced price $7.95M/$1,867 sq ft. 6 bdrms/7 ba/4,256 sq ft. Contact Tim Estin at 970.309.6163.) 1190 Riverside is a 2017 built, 4 bedroom/4 bath/1 half-bath, 3,088 sq ft single family home with 2 car garage on a 14,187 sq ft lot. Broker comments are “Experience the best of Aspen modernism with this newly constructed 4 bedroom and 4 1/2 bath residence. Residing only a 7 minute walk from the gondola and just beyond Aspen’s core, the home is a showcase for Aspen living from inside, out. From the very moment of entry, the interiors convey instant warmth and luxury. Beauty is revealed in many ways — from the upper level living area that maximizes views from Aspen Mountain to Independence Pass and the 3 story open stair area, featuring a stunning glass and steel stairway with a 20-foot chandelier by Lindsey Adelman. The main level master bedroom beckons with an East-facing patio, fireplace, sound system, TV niche and spacious bathroom suite.A customized 2 car attached garage can be accessed via the snowmelt driveway to Riverside Drive.” 2016 taxes: $4,335. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/11/2017; Sold Date: 09/29/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #141923 – Obermeyer Place, Central Core, 101 N Spring Street Unit #103, Aspen, CO. Sold Price: $5,450,000/$1,582 sq ft; furnished. More details below photos.
MLS #141923 – Obermeyer Place, Central Core, 101 N Spring Street Unit #103, Aspen, CO. Sold Price: $5,450,000/$1,582 sq ft; furnished. Aspen townhouse for sale. Ask Price: $5,795,000. (Original Price: $6,995,000 and 639 days on the market since 12/08/2015.) This is a 2006 built, 4 bedroom/4 bath/1 half-bath, 3,444 sq ft townhouse with 2 car garage. Broker comments are “Utmost in-town convenience is found at this newer Obermeyer Place town house with a great floor plan and finishes. Extremely rare reclaimed American wormy chestnut flooring and plaster walls are throughout. The open great room with high ceilings is centered around a limestone, gas fireplace, perfect for après ski family gatherings. The kitchen walks out to a covered outdoor dining area patio with gas DCS BBQ. The kitchen features solid slab granite countertops, cherry cabinetry, stainless steel Wolf and Sub Zero appliances, wine fridge, and a five-stool bar for entertaining. A main level guest master suite is located off the great room. A powder room and an oversized laundry/mud room with built-in storage and dog kennel, and sink with stone countertops for folding and drying complete the lower level. Enjoy east facing light and Smuggler Mountain views from the master bedroom. Open the windows and listen to the Roaring Fork River in the summer. Dual vanities, jetted tub and steam shower with bench highlight the oversized master bathroom. A large walk-in master closet provides plenty of space for a four-season wardrobe. Two more en suite guest bedrooms and a second laundry area with stackable washer/dryer make up the upper level. Sold completely furnished. A two plus car garage with abundant storage is steps from the elevator. It’s just four blocks to the Silver Queen Gondola and walking distance to everything Aspen. Around the corner are Rio Grande Park and John Denver Park on the Roaring Fork River. This is the perfect full or part time downtown Aspen residence.” 2016 taxes: $14,565; HOA Dues: $5,645 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/27/2017; Sold Date: 10/02/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #149521 – Aspen Highlands, West Aspen, 103 Stein Way, Aspen, CO. Sold Price: $4,965,000/$769 sq ft; unfurnished. More details below photos.
MLS #149521 – Aspen Highlands, West Aspen, 103 Stein Way, Aspen, CO. Sold Price: $4,965,000/$769 sq ft; unfurnished. Aspen townhouse for sale. Ask Price: $5,525,000. (Original Price: $5,525,000 and 119 days on the market since 06/08/2017.) This is a 2002 built, 5 bedroom/5 bath/2 half-bath, 6,456 sq ft townhouse with 2 car garage on a 4,356 sq ft lot. This sale is representative of another Aspen Highlands excellent value. Broker comments are “Enjoy the convenience and expansive floorpan of this highly desirable Highlands Townhome. A ski-in/ski-out to the Highlands chair, this handsome mountain home has everything the ski family is looking for in a vacation property. Enjoy views of the slopes at Highlands and big vistas of Maroon Creek Valley and Willow Peak. Lots of room for family, friends and entertaining. Soaring ceilings, spacious floor plan and gourmet kitchen. Amenities include Dial-A-Ride driving service and access to the Ritz-Carlton Elkhorn Lodge pool, fitness center, and spa.” 2016 taxes: $23,078; HOA Dues: $8,236 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/11/2017; Sold Date: 10/05/2017. (Photos and broker comments courtesy of Compass)
MLS #149877 – Hunter Creek, Smuggler, 1316 Vine Street 1316, Aspen, CO. Sold Price: $560,000/$896 sq ft; unfurnished. More details below photos.
MLS #149877 – Hunter Creek, Smuggler, 1316 Vine Street 1316, Aspen, CO. Sold Price: $560,000/$896 sq ft; unfurnished. Aspen condo for sale. Ask Price: $595,000. (Original Price: $595,000 and 88 days on the market since 07/07/2017.) This is a 1980 built, 1 bedroom/1 bath, 625 sq ft condo. Broker comments are “This great top floor, corner one bedroom unit has private views of the forest. Relax on the deck with the sounds of nearby Hunter Creek. Enjoy Aspen Mt. views from the dining area. Snuggle next to the wood burning stove on chilly winter nights. Conveniently located across from the Hunter Creek amenities which include pool, hot tubs and two tennis courts. Take the short stroll to downtown Aspen or ride the free bus.” 2016 taxes: $ 2,016; HOA: $290 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/07/2017; Sold Date: 10/03/2017. (Photos and broker comments courtesy of Hunter Creek Properties)
MLS #149233 – Aspen River Valley, Woody Creek, 2135 Lower River Road, Woody Creek, CO. Sold Price: $295,000. More details below photos.
MLS #149233 – Aspen River Valley, Woody Creek, 2135 Lower River Road, Woody Creek, CO. Sold Price: $295,000. Woody Creek farm/ranch vacant lot with no residential FAR for sale. Ask Price: $300,000. (Original Price: $300,000 and 121 days on the market since 05/31/2017.) This is a 10.3 acres farm/ranch vacant lot. Broker comments are “This spectacular 10.3 Acre flat Meadow vacant land is perfect for the non resident Horse owner or for Agricultural use. It has excellent access to the BLM land behind Aspen Valley Ranch, great access off Lower River Road. Water Rights to the Eli Cerise Ditch suitable for gravity fed or flood irrigation. No residential FAR permitted.” 2016 taxes: $2,016. Under Contract Date: 06/06/2017; Sold Date: 09/29/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #148280 – Horse Ranch, 125 Trail Rider Lane, Snowmass Village, CO: Sold Price: $2,890,000/$740 sq ft; unfurnished. More details below photos.
MLS #148280 – Horse Ranch, 125 Trail Rider Lane, Snowmass Village, CO: Sold Price: $2,890,000/$740 sq ft; unfurnished. Snowmass Village single family home for sale. Ask Price: $3,050,000. (Original Price: $3,350,000 and 509 days on the market since 12/26/2016.) This is a 1997 built and 2007 remodeled, 4 bedroom/5 bath/1 half-bath, 3,905 sq ft single family home with 2 car garage on a 22,080 sq ft lot. Broker comments are “Arguably the #1 location in Horse Ranch. This lot is also one of the very best view lots in Snowmass Village. Surrounded by open space, this four bedroom home enjoys privacy, spectacular views and setting. Wonderful great room with expansive views of Snowmass Ski Area and surrounding mountains. Gourmet kitchen and beautiful dining area perfect for family and guests. Spacious master bedroom, bath and adjoining office. The lower level has three guest suites, family room and more. Expansive decks and patios overlooking the Horse Ranch open space are great for entertaining and wildlife viewing. You will love this home and location all year round. Timbers Club Social Membership available for $80,000.00 if purchased with the home.” 2016 Taxes: $12,233; HOA Dues: $190 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/24/2017; Sold Date: 10/03/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #144832 – Wildridge, 48 Summit Lane, Snowmass Village, CO: Sold Price: $2,525,000/$679 sq ft; furnished. More details below photos.
MLS #144832 – Wildridge, 48 Summit Lane, Snowmass Village, CO: Sold Price: $2,525,000/$679 sq ft; furnished. Snowmass Village single family home for sale. Ask Price: $2,725,000. (Original Price: $2,850,000 and 462 days on the market since 06/27/2016.) This is a 1980 built and 2002 remodeled, 3 bedroom/3 bath/1 half-bath, 4,618 sq ft single family home with 2 car garage on a 18,800 sq ft lot. Broker comments are “Completely renovated in 2002 with an award winning design by Robyn Scott Interiors, this mountain-modern home is an entertainer’s dream. Enjoy spectacular panoramic views direct to the Snowmass Ski area and surrounding Elk Mountain range. This warm and inviting home hosts a color scheme comprised of cherry wood floors, camel colored walls, copper doors and amber toned fir ceilings. There is attention to every detail with a balanced mixture of glass, steel, rusted metal, wood and stone … blending in naturally with the mountain setting.” 2016 Taxes: $9,060; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/19/2017; Sold Date: 10/02/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices|Aspen Snowmass Properties)
MLS #141085 – Ridge, 770 Ridge Road Unit #18, Snowmass Village, CO: Sold Price: $1,632,000/$620 sq ft; furnished. More details below photos.
MLS #141085 – Ridge, 770 Ridge Road Unit #18, Snowmass Village, CO: Sold Price: $1,632,000/$620 sq ft; furnished. Snowmass Village townhouse for sale. Ask Price: $1,799,000. (Original Price: $2,164,000 and 746 days on the market since 09/18/2015.) This is a 1982 built and 2009 remodeled, 4 bedroom/4 bath/1 half-bath, 2,630 sq ft townhouse. Broker comments are “This is a rare 4 bedroom Ridge Unit on the desirable right side of Faraway road. It is an end Unit. All bathrooms and the kitchen have been upgraded. Offered fully furnished. The complex has new pool and hot tub area – steps to skiing on Assay Hill.” 2016 Taxes: $7,369; HOA Dues: $3,656 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/04/2017; Sold Date: 10/03/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #149961 – Aspenwood, 600 Carriage Way L-1, Snowmass Village, CO: Sold Price: $295,000/$567 sq ft; furnished. More details below photos.
MLS #149961 – Aspenwood, 600 Carriage Way L-1, Snowmass Village, CO: Sold Price: $295,000/$567 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $319,000. (Original Price: $319,000 and 441 days on the market since 06/21/2016.) This is a 1967 built and 2009 remodeled, studio/1 bath, 520 sq ft condo. Broker comments are “Freshly and totally remodeled, this first floor corner studio was cleverly designed and features a sleeping alcove. All new kitchen with hickory cabinets, granite counters, and copper sink. New walk-in stone tile shower and vanity in bath. New water heater and furnace installed Feb 2017. The slopes of Fanny Hill are just a hundred yards away. The property is nestled in a gorgeous stand of aspen trees and is peaceful and quiet. Aspenwood’s grounds are beautifully landscaped and feature a wonderful pool and two spas. All buildings were upgraded in 2009. Parking across the street. Easy walk to mall and all bus stops.” 2016 Taxes: $756; HOA Dues: $1,906 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/29/2017; Sold Date: 09/26/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)
Recent Estin Report tweets on Aspen Real Estate
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Disclaimer: The statements made in the Estin Report represent the opinions of the author and they should not be relied upon exclusively to make real estate decisions. Information concerning particular real estate opportunities can be requested from Aspen real estate broker agent Tim Estin at 970.309.6163 or by email. A potential buyer is advised to make an independent investigation of the market and of each property before deciding to purchase. Your opinions may be different. To the extent the statements made herein report facts or conclusions drawn 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 and the information provided is subject to change. The Estin Report is copyrighted 2017 and all rights are reserved. Use is permitted subject to the following attribution with an active link to the source: “The Estin Report by broker Tim Estin MBA, GRI on Aspen real estate.“
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