Oct 29 – Nov 5, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (8)

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 45, Oct 29 – Nov 5, 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 141942, 141563, 144655, 145074,  146717, 147266, 148068, 149369, 149717, 150447. This link is valid until 12/5/2017.

Under Contract/Pending (8): MLS#s: 144258, 146913, 147362, 149607, 149892, 149942, 150441, 150818. This link is valid until 12/5/2017.

Aspen Snowmass Solds Last Week: 

MLS #141563 – Starwood, McLain Flats, 284 Stewart Drive, Aspen, CO. Sold Price: $3,055,000/$674 sq ft; partial-furnished. More details below photos.

MLS #141563 – Starwood, McLain Flats, 284 Stewart Drive, Aspen, CO. Sold Price: $3,055,000/$674 sq ft; partial-furnished. Aspen singe family home for sale. Ask Price: $3,200,000. (Original Price: $4,500,000 and 712 days on the market since 11/05/2015.) This is a 1986 built, 5 bedroom/5 bath/2 half-bath, 4,532 sq ft single family home with 3 car garage on a 5 acres lot. Broker comments are “Views, views and views. Perfect home with open spaces, tons of light and views of all four ski areas, Mount Daly, Mount Sopris and even the top of the Maroon Bells! Five bedrooms (all above grade), wonderful hardwood floors, three car garage, irrigated pasture for your horses and ideal Starwood privacy. Separate artist’s studio, ability to add a horse barn and plenty of storage. Great value and opportunity to enjoy the home as-is or explore your own remodel/expansion ideas. Starwood offers the only neighborhood in Aspen with 24-hour private security gate access, as well as incredible equestrian, Nordic skiing and hiking trails!” 2016 taxes: $19,536; HOA Dues: $263 per Yr. Under Contract Date: 08/03/2017; Sold Date: 10/30/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #149369 – Park, East Aspen, 100 Park Avenue, Aspen, CO. Sold Price: $2,950,000/$939 sq ft. More details below photos.

MLS #149369 – Park, East Aspen, 100 Park Avenue, Aspen, CO. Sold Price: $2,950,000/$939 sq ft. Aspen singe family home for sale. Ask Price: $3,300,000. (Original Price: $4,895,000 and 645 days on the market since 07/01/2015.) This is a 1960 built and 2018 remodeled, 4 bedroom/4 bath/1 half-bath, 3,139 sq ft single family home with 1 car garage on a 4,656 sq ft lot. Broker comments are “Prime location within walking distance of downtown, this 4,656 parcel currently includes a 3,139 sq ft home with 4 bedrooms and 4.5 baths. The home features views of Aspen Mountain and upgraded landscape improvements. The home is being sold as-is with interior renovations needed. The Libman Group is offering a luxury white-glove remodel for this prime corner lot property for $4,895,000. Enjoy spectacular views of Aspen Mountain from the elevated living areas and an open floor plan that is perfect for entertaining or family living. An excellent overall value in a convenient location to downtown. See the existing floor plan and the remodel design concept under documents.” 2017 taxes: $7,376. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/12/2017; Sold Date: 10/30/2017. (Photos and broker comments courtesy of Peter Grenney, Broker)

MLS #150447 – Ute Condos, Central Core, 1020 E Durant Avenue 301, Aspen, CO. Sold Price: $1,375,000/$1,444 sq ft; partial-furnished. More details below photos.

MLS #150447 – Ute Condos, Central Core, 1020 E Durant Avenue 301, Aspen, CO. Sold Price: $1,375,000/$1,444 sq ft; partial-furnished. Aspen condo for sale. Ask Price: $1,425,000. (Original Price: $1,425,000 and 85 days on the market since 08/02/2017.) This is a 1970 built and 2015 remodeled, 2 bedroom/2 bath, 952 sq ft condo. Broker comments are “This mountain contemporary 2 bedroom, 2 bath condominium has outstanding Aspen Mountain views from the main living area and master bedroom. It is a rarely available top floor corner unit with a private south facing balcony in the small, well managed and maintained Ute Condominium complex. The spacious open floor plan, large, dine-in kitchen and ceiling skylights allow for abundant natural light throughout. Renovations in 2003 and 2015 delivered outstanding attention to detail: granite countertops, Alder cabinetry and solid doors, custom window coverings, light hardwood and stone flooring, and dry-stacked stone wood-burning fireplace. Its convenient location in the Aspen core makes for an easy walk to all that Aspen offers. The property is being sold partially furnished, along with a dedicated parking space and storage locker. Owners are allowed one dog or one cat.” 2016 taxes: $2,358; HOA Dues: $2,378 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/07/2017; Sold Date: 10/26/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)

MLS #149717 – Jacobie Condos, Smuggler, 415 Park Circle 2, Aspen, CO. Sold Price: $1,200,000/$1,091 sq ft; unfurnished. More details below photos.

MLS #149717 – Jacobie Condos, Smuggler, 415 Park Circle 2, Aspen, CO. Sold Price: $1,200,000/$1,091 sq ft; unfurnished. Aspen condo for sale. Ask Price: $1,295,000. (Original Price: $1,295,000 and 151 days on the market since 06/01/2017.) This is a 2017 remodeled, 2 bedroom/1 bath/1 half-bath, 1,099 sq ft condo. Broker comments are “Gorgeous, chic townhome close to the core yet peaceful. Just completed update on this 2 bedroom home with views, 2 car parking, refinished hardwood floors, brand new stainless kitchen appliances, new kitchen counters, updated bathrooms, freshly painted and new carpet. Walk to town or catch the bus right next to the complex.” 2016 taxes: $1,613; HOA Dues: $1,230 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/28/2017; Sold Date: 10/30/2017. (Photos and broker comments courtesy of Engel & Völkers)

MLS #148068 – Lazy O Ranch, 2400 Lazy O Road, Snowmass, CO: Sold Price: $3,123,000/$522 sq ft; furnished. More details below photos.

MLS #148068 – Lazy O Ranch, 2400 Lazy O Road, Snowmass, CO: Sold Price: $3,123,000/$522 sq ft; furnished. Snowmass single family home for sale. Ask Price: $3,500,000. (Original Price: $3,500,000 and 225 days on the market since 03/20/2017.) This is a 2007 built, 4 bedroom/4 bath/1 half-bath, 5,976 sq ft single family home with 3 car garage on a 5.03 acres lot. Broker comments are “Great home; great value. A timeless designed, well built home at an exceptional price point! Enjoy a 1,500 acre common area, horse pastures, barns, three stocked trout ponds, an on-site ranch manager and tennis courts. Recreation opportunities abound. Strategically located at the top of Lazy O there will never be another home built above this one. Great grounds and indoor outdoor living. Generous outdoor patio, hot tub, 3-car garage, home theatre, bar, office. Fourth bedroom currently; non-conforming.” 2016 Taxes: $18,324; HOA Dues: $15,000 per Yr. Under Contract Date: 08/13/2017; Sold Date: 10/31/2017. (Photos and broker comments courtesy of Compass)

MLS #144655 – Pioneer Spring, 770 Pioneer Springs Road, Snowmass Village, CO: Sold Price: $8,750,000/$1,201 sq ft; furnished. More details below photos.

MLS #144655 – Pioneer Spring, 770 Pioneer Springs Road, Snowmass Village, CO: Sold Price: $8,750,000/$1,201 sq ft; furnished. Snowmass Village single family home for sale. Ask Price: $9,950,000. (Original Price: $9,950,000 and 1,234 days on the market since 07/06/2014.) This is a 2001 built, 5 bedroom/5 bath/1 half-bath, 7,284 sq ft single family home with 2 car garage on a 37.6 acres lot. Broker comments are “One of finest estates in Aspen/Snowmass. Set on 35 acres, this custom-designed Robert Trown home is the epitome of Colorado mountain living. All rooms are centered on a top-of-world panorama which extends from the Cont’l Divide, across all four ski areas, to Capitol and Mt. Daly. Ideal for entertaining, the home features a great room and intimate bar highlighted by a stone fireplace, an enormous kitchen, and a magnificent outdoor dining room with fireplace, ideal for sunsets and candle-lit evenings. Extraordinary landscaping with thousands of flowers and stunning water feature at entry. Property includes a lower irrigated pasture for horses. Hike or ride for miles from here. Beautiful, rural setting, yet Aspen/Snowmass and the airport are only minutes away.” 2016 Taxes: $20,074. Under Contract Date: 04/24/2017; Sold Date: 11/01/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)

MLS #145074 – Country Club, 385 Fairway Drive, Snowmass Village, CO: Sold Price: $2,150,000/$658 sq ft; furnished. More details below photos.

MLS #145074 – Country Club, 385 Fairway Drive, Snowmass Village, CO: Sold Price: $2,150,000/$658 sq ft; furnished. Snowmass Village single family home for sale. Ask Price: $2,290,000. (Original Price: $2,995,000 and 463 days on the market since 07/11/2016.) This is a 1987 built and 2016 remodeled, 4 bedroom/4 bath, 3,266 sq ft single family home with 2 car garage on a 9,569 sq ft lot. Broker comments are “Multi-level home in the exclusive Country Club Estates. Stunning unobstructed views of Mount Daly and Snowmass Ski Mountain. This property sits on the Snowmass Golf Course and is within walking distance to Two Creeks ski lift and Snowmass Club. Elevator access from 2 car garage level to 3 main floors and a separate entrance to newly built lower level unit. Expansive open floor plan ideal for entertaining. Spectacular views with floor to ceiling windows. Mature trees and recycled water stream feature compliment the outdoor fire-pit and unique automatic gazebo roof hot tub. Spacious kitchen featuring dual dishwashers, dual ovens, and four burner professional gas range with center grill. Multi-level home in the exclusive Country Club Estates. Stunning unobstructed views of Mount Daly and Snowmass Ski Mountain. This property sits on the Snowmass Golf Course and is within walking distance to Two Creeks ski lift and Snowmass Club. Elevator access from 2 car garage level to 3 main floors and a separate entrance to newly built lower level unit. Expansive open floor plan ideal for entertaining. Spectacular views with floor to ceiling windows. Mature trees and recycled water stream feature compliment the outdoor fire-pit and unique automatic gazebo roof hot tub. Spacious kitchen featuring dual dishwashers, dual ovens, and four burner professional gas range with center grill.” 2016 Taxes: $7,669; HOA Dues: $100. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/11/2017; Sold Date: 10/26/2017. (Photos and broker comments courtesy of Caribou Premier Properties)

MLS #141942 – Snowmass Mountain, 55 Upper Woodbridge Road B-3, Snowmass Village, CO: Sold Price: $660,000/$478 sq ft; furnished. More details below photos.

MLS #141942 – Snowmass Mountain, 55 Upper Woodbridge Road B-3, Snowmass Village, CO: Sold Price: $660,000/$478 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $699,000. (Original Price: $777,000 and 698 days on the market since 10/19/2015.) This is a 1972 built, 3 bedroom/2 bath, 1,378 sq ft condo. Broker comments are “Corner, end, top floor & south-facing! Has to be one of the best locations in all of Snowmass Mtn. 2 bedrooms + master bedroom in loft. Incredible views from The Continental Divide to all of Snowmass Mountain. Two guest bedrooms share full bath on living level; both with vaulted ceilings & views into the coveted open space, wildlife & nature behind this building. On-site amenities include fitness facility, swimming pool, sauna, hot tub, and complimentary shuttle service. Use of assigned 8’x 8’x 7′ owner’s storage space in same building; 2 covered tandem assigned parking spaces, washer & dryer in condo, updated baths, kitchen, fireplace and floor. Easy to show. 1st Right of Refusal. See Rules & Regs in Docs for Pet Policy Rules.” 2016 Taxes: $2,422; HOA Dues: $2,997 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/18/2017; Sold Date: 11/02/2017. (Photos and broker comments courtesy of Berkshire Hathaway Homeservices | Aspen Snowmass Properties)

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)

MLS #147266 – Assay Hill Lodge, 130 Wood Road 614, Snowmass Village, CO: Sold Price: $464,150/$674 sq ft. More details below photos.

MLS #147266 – Assay Hill Lodge, 130 Wood Road 614, Snowmass Village, CO: Sold Price: $464,150/$674 sq ft. Snowmass Village condo for sale. Ask Price: $475,000. (Original Price: $519,000 and _ days on the market since _.) This is a 2010 built, 1 bedroom/1 bath, 688 sq ft condo. Broker comments are “The largest one bedroom residence on the 6th floor overlooking Brush Creek. Located in Snowmass Base Village, Assay Lodge offers it all: sophisticated and lavishly appointed residences; ski-in/ski-out access; award-winning Wellness Spa; highly acclaimed restaurants; all-season, full-service outdoor pool and hot tub area.” 2015 Taxes: $4,326; HOA Dues: $4,577 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/13/2017; Sold Date: 10/30/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)

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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