Oct 22 – 29, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (7) + Under Contract / Pending (11)

The Estin Report: Oct 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on 11/14. 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 (and in the future to all Monthly Snapshots):

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 44, Oct 22 – 29, 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 (7):  MLS#s 151357, 143793, 148027, 148077, 148846, 150411, 146717. This link is valid until 11/29/2017.

Under Contract/Pending (11): MLS#s: 151222, 141809, 144508, 151372, 143239, 147369, 149428, 149918, 150734, 151072, 151302. This link is valid until 11/28/2017.

Aspen Snowmass Solds Last Week: 

MLS #150411 – 0391/0401 Woody Creek Road, Woody Creek, CO. Sold Price: $13,000,000/$1,016 sq ft; furnished. More details below photo.

MLS #150411 – 0391/0401 Woody Creek Road, Woody Creek, CO. Sold Price: $13,000,000/$1,016 sq ft; furnished. Woody Creek single family home for sale. Ask Price: $13,950,000. (Original Price: $13,950,000 and _ days on the market since _.) This is a studio/2 half-bath, 12,785 sq ft single family home with 3 car garage on a 35.14 acres lot. Broker comments are “Sophisticated, timeless, livable, Italian farmhouse on 35 acres. A bucolic ranch featuring a 5-bedroom main home, guest home, horse barn, trout ponds & Woody Creek meandering the length of the property. Bountiful wildlife & endless outdoor adventure! The attention to detail is astounding: antique chestnut floors & intricate stone work add elegance & warmth to this estate home. The turn-of-the-century historic barn, new state-of-the-art barn with multiple stalls & paddocks, riding arena & lush pastures will appeal to the equestrian. Wine connoisseurs will appreciate the beautiful tasting room. The perfect gathering place complete with indoor/outdoor entertaining spaces, private guest wing, two media rooms & a home spa/gym area. This property has it all only 15-minutes from Aspen.” 2015 taxes: $26,602. Under Contract Date: 08/28/2017; Sold Date: 10/24/2017. (Photos and broker comments courtesy of Compass)

MLS #148027 – Durant Condos, Central Core, 748 S Galena Street 5-D, Aspen, CO. Sold Price: $3,425,000/$2,048 sq ft; furnished. More details below photos.
MLS #148027 – Durant Condos, Central Core, 748 S Galena Street 5-D, Aspen, CO. Sold Price: $3,425,000/$2,048 sq ft; furnished. Aspen condo for sale. Ask Price: $3,650,000. (Original Price: $3,650,000 and 223 days on the market since 03/10/2017.) This is a 1969 built, 4 bedroom/3 bath, 1,672 sq ft condo. Broker comments are “No carrying skis up and down stairs here. Ski in & out of you backdoor in this elegant four bedroom penthouse level residence on Aspen Mountain. Seller has paid the over $460,000 in assessments for the newly completed exterior remodel which included new snowmelted walkways, new walkways to the residences, retaining walls, exterior facade, new windows, and more. Radiant floor heat, 9 foot ceilings, steam shower, W/D, Jacuzzi tubs, gas range, cooling, and sky lights. New bike storage and signage is currently being completed. An entirely new pool and hot tub are planned for this fall.” 2016 taxes: $5,857; HOA Dues: $6,245 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/14/2017; Sold Date: 10/19/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #143793 – West End, 705 W Main Street, Aspen, CO. Sold Price: $3,000,000/$1,031 sq ft; furnished. More details below photos.

MLS #143793 – West End, 705 W Main Street, Aspen, CO. Sold Price: $3,000,000/$1,031 sq ft; furnished. Aspen single family home for sale. Ask Price: $3,185,000. (Original Price: $4,197,000 and 529 days on the market since 04/12/2016.) This is a 2007 built, 3 bedroom/3 bath, 2,907 sq ft single family home with 2 car garage on a 3,200 sq ft lot. Broker comments are “The best of all worlds come together in this warm single family home– in-town convenience and an ingenious design for living that is very today. Natural light is optimized throughout the home. Take in dramatic views of Shadow Mountain from the main living area and the deck. A giant evergreen provides privacy in the front yard. The charming flagstone pathway and sidewalk are designed with solar-powered snowmelt for easy winter maintenance. State-of-the-art energy, sound, and water systems accommodate the way you want to live. Stroll five blocks to the Music Tent, take the Midland Trail to Aspen Mountain, or follow the bike route to the Rio Grande Trail. This home was built with sound proof panels and triple pane glass to ensure quiet living!” 2016 taxes: $9,309. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/11/2017; Sold Date: 10/26/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)

MLS #151357 – Alpenblick, Central Core, 710 S Mill Street 8B, Aspen, CO. Sold Price: $2,550,000/$1,537 sq ft; furnished. More details below photos. The photos are from MLS # 116423.
  
MLS #151357 – Alpenblick, Central Core, 710 S Mill Street 8B, Aspen, CO. Sold Price: $2,550,000/$1,537 sq ft; furnished. Aspen townhouse for sale. Ask Price: $2,550,000. (Original Price: $2,550,000 and 65 days on the market since 08/20/2017.) This is a 1965 built and 2009 remodeled, 3 bedroom/3 bath/1 half-bath, 1,659 sq ft townhouse. Broker comments are “Sold before MLS.” 2016 taxes: $5,367; HOA Dues: $3,988 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/20/2017; Sold Date: 10/24/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)

MLS #148846 – Little Elk Creek, 144 Haystack Lane, Snowmass, CO: Sold Price: $1,055,000/$328 sq ft; unfurnished. More details below photos.

MLS #148846 – Little Elk Creek, 144 Haystack Lane, Snowmass, CO: Sold Price: $1,055,000/$328 sq ft; unfurnished. Snowmass single family home for sale. Ask Price: $1,095,000. (Original Price: $1,195,000 and 167 days on the market since 05/09/2017.) This is a 1989 built and 2016 remodeled, 3 bedroom/2 bath/1 3/4-bath, 3,208 sq ft single family home with 3 car garage on a 1 acre lot. Broker comments are “Enjoy spectacular mountain and pastoral views from this beautifully remodeled home. Light and bright living and kitchen areas create a cozy gathering space for family and friends. Spacious master suite includes the remodeled bathroom with radiant flooring. Two additional guest bedroom suites and an office. Plenty of room and options with additional square footage available. Large three car garage that is heated and insulated with shop! Lots of storage! Bring your horses – subdivision allows for two! This property is amongst the best within Little Elk Creek with its incredible views. Sit out on your back deck and enjoy the spacious backyard setting, vistas and privacy. Fantastic location to both Aspen and Basalt! Also, easy access to National Forest!” 2016 Taxes: $5,547; HOA Dues: $765 per Qtr. Under Contract Date: 09/11/2017; Sold Date: 10/23/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #148077 – Meadow Ranch, 310 Meadow Ranch, Snowmass Village, CO: Sold Price: $1,292,000/$608 sq ft; unfurnished. More details below photos.

MLS #148077 – Meadow Ranch, 310 Meadow Ranch, Snowmass Village, CO: Sold Price: $1,292,000/$608 sq ft; unfurnished. Snowmass Village single family home for sale. Ask Price: $1,325,000. (Original Price: $1,325,000 and 223 days on the market since 03/15/2017.) This is a 1979 built and 2015 remodeled, 4 bedroom/3 bath, 2,124 sq ft single family home. Broker comments are “Wonderful opportunity to own a single family home within the Aspen School District. Centrally located, you can walk or bike to Base village along the trail. This four bedroom, 3 bath home is nestled amongst mature Aspen trees. Wonderful open floor plan with remodeled kitchen, dining area, and sunken living room with high ceilings and a wood burning fireplace. The living area is flanked by a private deck on one side and a newly built, landscaped patio area on the other. The generously sized bedrooms get great natural light. The master bedroom is surrounded by windows and features a private deck. Additional amenities include a spacious laundry room and enviable sized storage area for all of your gear.” 2016 Taxes: $3,409; HOA Dues: $1,610 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/10/2017; Sold Date: 10/24/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)

MLS #146717 – Woodbridge, 35 Upper Woodbridge Road 7cd, Snowmass Village, CO: Sold Price: $525,000/$568 sq ft; furnished. More details below photos.

MLS #146717 – Woodbridge, 35 Upper Woodbridge Road 7cd, Snowmass Village, CO: Sold Price: $525,000/$568 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $540,000. (Original Price: $559,000 and 335 days on the market since 11/16/2016.) This is a 1973 built and 2009 remodeled, 2 bedroom/2 bath/1 loft, 924 sq ft condo. Broker comments are “Top floor corner unit with vaulted ceilings. Washer-dryer in unit. Granite counters. High end appliances. Flat screen tv’s. 2 BD, 2BA with sleeping loft. Lots of storage. Comfortably sleeps 8. HOA dues include all utilities, maintenance and use of pool and hot tub. On shuttle route. Contact Listing Broker regarding Special Assessments. $1,050 per quarter Professional photographs available soon.” 2015 Taxes: $1,452; HOA Dues: $2,750 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/18/2017; Sold Date: 10/27/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

 

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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