The Estin Report Aspen Snowmass Real Estate Weekly Market Update – Closed (6) and Under Contract (9): Oct. 16 – 23, 11

Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly or semi-annually, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds with the button on the left.

The Estin Report: 3rd Quarter 2011 (July 1 – Sept. 30, 2011)
State of the Aspen Real Estate Market

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Click image for executive summary and complete report pdf. Released Oct. 6, 2011

Last Week’s Market Highlights –Aspen Snowmass real estate weekly sales statistics and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 in the upper Roaring Fork Valley excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (9):MLS #s: 122848, 121018, 122685, 121604, 119963, 121605, 116625, 123054. This link is valid for 30 days until 11/23/11. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (6): MLS #’s: 115057, 120083, 114194,118801, 119606, 119737. This link is valid for 30 days until 11/23/11.

Sold Aspen Snowmass Properties Last Week

MLS #120083 – Aspen, Central Core condo, 914 E. Waters Avenue #19, Aspen, CO: Sold Price:$ 700,000/$898 sq ft furnished. More details below photos.

MLS #120083 – Aspen, Central Core condo, 914 E. Waters Avenue #19, Aspen, CO: Sold Price:$ 700,000/$898 sq ft furnished; Ask Price $775,000. (Original Price: $775,000 and 225 days on the market since 03/09/2011.) This 1998 built/2008 remodeled Central Core condo has 2 bedrooms/1 bath/1 half bath; 779 square feet. Broker comments are, “Location-Location-Newer-1998-Condo Complex-2008-Remodel-Unit! Beautiful 2 bedroom/1.5 bath remodel with high end finishes. (1/2 bath can easily be made into full.) Only 2 ½ blocks to Aspen Mt. gondola. Features woodburning fireplace, deeded 1-car parking space, storage and ski locker. Well maintained newer 1998 condo complex. Seller would consider trade plus $$ difference for Snowmass Capitol Peak/Hayden Lodge 2-bedroom or Missouri Heights home.” 2010 Taxes: $2,635; HOA Dues: $1,120 Qtr. Under Contract Date: 08/06/2011; Sold Date: 10/20/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. The sellers were represented by Tim Estin. (Photos and broker comments courtesy of Mason Morse Real Estate.)

MLS #118801 – Snowmass Village, Top of The Village condo, 0855 Carriage Way Trails #303, Snowmass Village, CO: Sold Price: $1,200,000/$827 sq ft furnished. More details below photos.

MLS #118801 – Snowmass Village, Top of The Village condo, 0855 Carriage Way Trails #303, Snowmass Village, CO: Sold Price: $1,200,000/$827 sq ft furnished; Ask Price: $1,350,000. (Original Price: $1,550,000 and 336 days on the market since 11/15/2010.) This 1974 built/2005 remodeled Top of The Village condo has 3 bedrooms/3 baths; 1,450 square feet with carpport. Broker comments are, “Coveted, top-floor, point location, with two balconies overlooking Dawdler ski trail. Access immediately off of elevator. Super easy ski-in/ski-out. Upgraded kitchen and baths, including a soaking tub and stall shower in master. Gas grill, washer/dryer. Beautiful views of skiers on the slopes and of the Continental Divide in the distance. Assigned carport parking. Outstanding on-site management. Swimming pool, two hot tubs, exercise room. Unit is rated “Silver”.” 2010 Taxes: $5,686; HOA Dues: $13,891 Yr. Under Contract Date: 09/01/2011; Sold Date: 10/17/2011. Town of Snowmass Transfer Tax of approx. 1% payable by buyer. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #114194 – Brush Creek Village Subdivision, Aspen school district single-family home, 351 Brush Creek Road, Aspen, CO: Sold Price: $1,925,000/$501 sq ft partially furnished. More details below photos.

MLS #114194 – Aspen, West Aspen single-family home, 351 Brush Creek Road, Aspen, CO: Sold Price: $1,925,000/$501 sq ft partially furnished; Ask Price: $1,995,000. (Original Price: $2,795,000 and 668 days on the market since 12/17/2009.) This 1976 built/1997 remodeled West Aspen single-family home has 4 bedrooms/3baths; 3,837 square feet with 2 car garage. Broker comments are, “Nestled into a quiet hillside within walking distance to the shuttle is this well-maintained, private, country home with cozy, intimate spaces combined with open living areas. The library provides a quiet reading nook for book lovers, while a large custom kitchen will satisfy the best of cooks. Numerous built-ins throughout plus his/hers offices, study, family room, and artist studio. Award-winning landscaping features lush yard, flagstone patios and walk, waterfall, rock walls and beautiful gardens. A home for year-round enjoyment. FAR of 5,750 square feet allows room for addition.” 2010 Taxes: $7,875; HOA Dues $228 Qtr. Under Contract Date: 08/06/2011; Sold Date: 10/20/2011. The buyers were represented by Tim Estin. (Photos and broker comments courtesy of SDS Real Estate, Inc.)

MLS #119606 – Aspen, Central Core duplex, 1018 E. Hopkins Avenue #B, Aspen, CO: Sold Price: $2,425,000/$1,249 sq ft unfurnished. More details below photos.

MLS #119606 – Aspen, Central Core duplex, 1018 E. Hopkins Avenue #B, Aspen, CO: Sold Price: $2,425,000/$1,249 sq ft unfurnished; Ask Price $2,950,000. (Original Price: $2,950,000 and 256 days on the market since 01/31/2011.) This 1988 built/1999 remodeled central core duplex has 3 bedrooms/3 baths/1 half bath; 1,941 square feet with 2 car garage. Broker comments are, “A truly rare find. This 3 bedroom, 3 and one-half bath duplex is just a few blocks from the Gondola and downtown Aspen. Enjoy great views and sounds from the Roaring Fork River from the south-facing deck. The main living space and master bedroom have wonderful vaulted ceilings. Leave the car and all your toys in the 2-car garage, while you enjoy the Aspen lifestyle.” 2010 Taxes: $8,130; HOA Dues: TBD. Under Contract Date: 08/15/2011; Sold Date: 10/14/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl. Realty.)

MLS #119737 – Snowmass Village, Wood Run single-family home, 835 Wood Road, Snowmass Village, CO: Sold Price: $5,000,000/$1,019 sq ft furnished. More details below photos.

MLS #119737 – Snowmass Village, Wood Run single-family home, 835 Wood Road, Snowmass Village, CO: Sold Price: $5,000,000/$1,019 sq ft furnished: Ask Price: $5,950,000. (Original Price: $6,495,000 and 253 days on the market since 02/07/2011) This 2003 built Wood run single-family home has 5 bedrooms/6 baths/1 half bath; 4,904 square feet with 3 car garage. Broker comments are, “5 bed/5.5 bath home at the base of prestigious Wood Run Subdivision. Beautifully furnished, this classic family home features spacious, useable floor plan, highest quality surfaces, outdoor hot tub and stone patios, 3 car garage, ski in/out access, and other features too numerous. A must see.” 2010 Taxes: $14,876; HOA Dues: $100/Yr. Under Contract Date: 09/18/2011; Sold Date: 10/18/2011. Town of Snowmass Transfer Tax of approx. 1% payable by buyer. (Photos and broker comments courtesy of Mason Morse Real Estate.)

Links to recent market articles and report:

“Sales of Colorado Mountain Resort Homes in July Lowest in Years”, 09/09/11 Business Section, Denver Post
“Mega-mansion Deals Spur Rebound in Aspen Market”, 07/17/11 Sunday Business, Grand Junction Sentinel
The Estin Report: 1st Half 2011 State of the Aspen Market (released 07/14/11)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and to his AspenRealEstateBlog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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