The Sept 2016 YTD Aspen Snowmass Real Estate Market Snapshot was posted on Mon Oct 3rd in Current Reports.The Monthly Snapshots are usually posted on or near the 1st Monday of the month.
Sep 2016 Real Estate Transfer Tax (RETT) receipts:
These taxes are paid by real estate buyers at closing on properties within the City of Aspen and account for approximately 1.5% of the purchase price. The Affordable Housing RETT accounted for collections of $905,000 in September, down -44% from $1.63M in Sep 2015. The Wheeler Opera House RETT portion drew $485,000, down -43% from $846,276 in Sep 2015.
The Estin Report:2nd Quarter and 1st Half 2016State of the Aspen Real Estate Market with narrative, charts, tables photos was posted inCurrent Reportsas PDF (v6.6) July 20. The print edition is available at kiosks around town, at Sothebys/415 E. Hyman Mall, Sothebys/300 S. Spring St and at the airport.
Click cover above for Exec. Summary and full 28-Pg Report PDF
See recent Before/After redevelopment‘flip job’ examplesin Miscellaneous Info Sectionat 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 (05/16/16) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 41, October 9 – 16, 2016
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 useSearchEstinAspenin 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 (12):MLS#s 142060, 135744, 142313, 137407, 143066, 143484, 143717, 144277, 144539, 144783, 144839, 146395.This link is valid until 11/15/2016.
Under Contract/Pending (9):MLS#s 141955, 141959, 135557, 139527, 136466, 140087, 141833, 142667, 146077.This link is valid until 11/15/2016.
Aspen Snowmass Solds Last Week:
No Photo Available in MLS for this single family vacant lot on Red Mountain, Aspen.
MLS #146395 – Red Mountain, Tbd Red Mountain Road, Aspen, CO. Sold Price: $13,000,000. Asking Price: $14,000,000. (Original Price: $14,000,000 and 10 days on the market since 10/03/2016.) This is a 4.38 acres single family vacant lot. Broker comments are “Building site at the bottom of Red Mountain. Sold before MLS.” Under Contract Date: 10/07/2016; Sold Date: 10/13/2016. (Photos and broker comments courtesy of Non-Member Office)
MLS #137407 – Durant Mews Townhomes, Central Core, 925 E Durant Avenue #2, Aspen, CO. Sold Price: $5,000,000/$1,626 sq ft. More details below photos.
MLS #137407 – Durant Mews Townhomes, Central Core, 925 E Durant Avenue #2, Aspen, CO. Sold Price: $5,000,000/$1,626 sq ft. Asking Price: $5,350,000. (Original Price: $5,600,000 and 636 days on the market since 01/14/2015.) This is a 1989 built and 2009 remodeled, 4 bedroom/3 bath/1 half-bath, 3,075 sq ft townhome with a 3 car garage. Broker comments are “Contemporary core townhome, 3 blocks to the gondola featuring 4 bedrooms, 3 ½ baths. Spacious 3,075 ft with vaulted ceilings, and Aspen Mountain views. A gas log fireplace and wet bar accent the wonderful entertaining living room. New stone exterior with Pela windows brings this conveniently located town home to a par excellent condition. 3 car garage is a rare bird to have in town and offers you plenty of room for cars and toys.” 2014 taxes: $9,909; HOA Dues: $5,075 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/22/2016; Sold Date: 10/11/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #144839 – West End, 320 W Bleeker Street, Aspen, CO. Sold Price: $4,750,000/$2,017 sq ft; unfurnished. More details below photos.
MLS #144839 – West End, 320 W Bleeker Street, Aspen, CO. Sold Price: $4,750,000/$2,017 sq ft; unfurnished. Asking Price: $4,975,000. (Original Price: $4,975,000 and 113 days on the market since 06/23/2016.) This is a 1962 built and 2006 remodeled, 4 bedroom/3 bath/1 half-bath, 2,354 sq ft single family residence with 2 car garage on a 6,000 sq ft lot. Broker comments are “This remarkable property is nestled on one of the best blocks in Aspen’s renowned West End neighborhood. The 6,000 square foot lot is located on the sunny side of the street with direct, unobstructed treeless views of Aspen Mountain that can be enjoyed from the home’s living room with floor to ceiling windows, and spacious attached deck perfect for outdoor dining, or the master suite and its accompanying hot tub. The house is very livable for new owners or renters, and also offers excellent redevelopment opportunities with substantial FAR available. Surrounded by gorgeously redeveloped homes, the location offers a convenient walk to downtown, the Benedict Music Tent, access to bus routes and more. Partial Remodel in 2006. New Roof in 2015. The 2,295 square foot residence is set back on the property, providing a lovely and spacious front yard. Inside there are 4 bedrooms and 3.5 bathrooms in a split-level design. The master with en suite bathroom and double walk-in closets is easily accessed on the main level. The living spaces are on the upper level and include the living room, kitchen, dining room, half-bath and cozy family room. Excavation was done in the latest remodel to bring abundant natural light to the garden level where three additional bedrooms and two baths are situated. Ample closets and two-car garage with alley access provide generous storage space. The Bleeker Street location is undisturbed by local traffic or noise from Main Street while offering authentic mountain town living a stone’s throw from all that Aspen has to offer.” 2015 taxes: $8,783. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/15/2016; Sold Date: 10/14/2016. (Photos and broker comments courtesy of Stirling Peak Properties, LLC)
MLS #144539 – Maroon Creek Club vacant lot, West Aspen, Tbd S Willow Court, Aspen, CO. Sold Price: $4,125,000. More details below photos.
MLS #144539 – Maroon Creek Club vacant lot, West Aspen, Tbd S Willow Court, Aspen, CO. Sold Price: $4,125,000. Asking Price: $4,500,000. (Original Price: $4,500,000 and 121 days on the market since 06/13/2016.) This is a 15,223 sq ft single family vacant lot. Broker comments are “The best ski in ski out lot at Maroon Creek Club. The lot borders Oregon Trail. Ski, bike and hike right out your door. Big views across the valley. Original owner had first pick of the lot and chose the best one!” 2015 taxes: $26,492. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/28/2016; Sold Date: 10/12/2016. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #142060 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue 27-A, Aspen, CO. Sold Price: $2,900,000/$1,939 sq ft; furnished. More details below photos.
MLS #142060 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue 27-A, Aspen, CO. Sold Price: $2,900,000/$1,939 sq ft; furnished. Asking Price: $3,195,000. (Original Price: $3,195,000 and 299 days on the market since 12/17/2015.) This is a 1972 built and 2014 remodeled, 3 bedroom/2 bath, 1,495 sq ft condo. Broker comments are “This beautiful newly remodeled 1,495 sf unit sits above it all on the top floor corner overlooking the river with vast mountain views. The best unit and location in the building. Enjoy the 2 wood burning fireplaces and steam shower after a day of skiing. Three skylights let in lots of natural light over this contemporary masterpiece. Sold furnished and turn key. This property is just blocks from the Gondola, restaurants, shopping and everything Aspen offers.” 2014 taxes: $4,812; HOA Dues: $5,174 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/01/2016; Sold Date: 10/11/2016. (Photos and broker comments courtesy of Engel & Volkers)
MLS #144783 – Eastwood, East Aspen, 284 Eastwood Drive, Aspen, CO. Sold Price: $2,185,000/$826 sq ft; unfurnished. More details below photos.
MLS #144783 – Eastwood, East Aspen, 284 Eastwood Drive, Aspen, CO. Sold Price: $2,185,000/$826 sq ft; unfurnished. Asking Price: $2,299,000. (Original Price: $2,499,000 and 110 days on the market since 06/23/2016.) This is a 1970 built, 3 bedroom/3 bath, 2,644 sq ft single family residence with 2 car garage on a 17,419 sq ft lot. Broker comments are “East Aspen is a great place to be! Cozy home with two car garage just one mile from the core of Aspen. South facing with lots of sun and lovely views, including Aspen Mountain. This lot would be a beautiful site for your new Aspen home. Minimum PRIOR DAYS NOTICE for showings. Seller requires a 30 day post closing occupancy period.” 2015 taxes: $3,722. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/24/2016; Sold Date: 10/11/2016. (Photos and broker comments courtesy of Frias Properties of Aspen)
MLS #143484 – North 40 PUD Deed Restricted RO (Resident Occupied) Single Family Home, West Aspen, 0074 Totterdown Road, Aspen, CO. Sold Price: $1,425,000/$401 sq ft; unfurnished. More details below photo.
MLS #143484 – North 40 PUD Deed Restricted RO (Resident Occupied) Single Family Home, West Aspen, 0074 Totterdown Road, Aspen, CO. Sold Price: $1,425,000/$401 sq ft; unfurnished. Asking Price: $1,459,637. (Original Price: $1,459,637 and 196 days on the market since 03/21/2016.) This is a 2001 built, 4 bedroom/5 bath, 3,549 sq ft single family residence with 2 car garage on a 5,227 sq ft lot. Broker comments are “North Forty Family Home – Buyer must qualify for North Forty housing residency requirements with the Aspen Pitkin County Housing Authority. This North 40 home fronts onto the walking street on one side and opens onto the park on the other. A picket fence surrounds the two lawns and the 900 feet of deck and porch. Featuring four bedrooms and five baths, the beautifully designed kitchen and family room is the center of the home. French doors open onto the south facing back deck for ‘al-fresco” dining. There is a more formal dining room that seats ten and a large book-lined living room with a bay window looking onto the front walk. The lower level 22×11 oversized bedroom playroom could be divided into a fifth bedroom and still have a generous playroom. The lower level also features a large, bright studio apartment with oversized window wells, a full kitchen, laundry, full bath and a separate entry.” 2015 taxes: $4,271; HOA Dues: $280 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/05/2016; Sold Date: 09/30/2016. (Photos and broker comments courtesy of Aspen Real Estate Company)
MLS #143066 – Shadow Mountain Village, Central Core, 809 S Aspen Street 2, Aspen, CO. Sold Price: $1,100,000/$1,170 sq ft; partial-furnished. More details below photos.
MLS #143066 – Shadow Mountain Village, Central Core, 809 S Aspen Street 2, Aspen, CO. Sold Price: $1,100,000/$1,170 sq ft; partial-furnished. Asking Price: $1,245,000. (Original Price: $1,495,000 and 221 days on the market since 03/04/2016.) This is a 1968 built, 2 bedroom/2 bath, 940 sq ft condo. Broker comments are “Be a part of the 1A rejuvenation. Located at the epicenter of Aspen’s most significant redevelopment in years. Ski in/ski out from this lovely 2 bedroom, 2 bath condo. Relax by the outdoor heated pool or take in the views of Aspen and the surrounding mountains.” 2016 taxes: $2,296; HOA Dues: $3,640 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/15/2016; Sold Date: 10/11/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #144277 – Christiana Aspen, West End, 501 W Main Street A101, Aspen, CO. Sold Price: $667,500/$1,451 sq ft; furnished. More details below photos.
MLS #144277 – Christiana Aspen, West End, 501 W Main Street A101, Aspen, CO. Sold Price: $667,500/$1,451 sq ft; furnished. Asking Price: $675,000. (Original Price: $675,000 and 139 days on the market since 05/27/2016.) This is a 2004 built, 1 bedroom/1 bath, 460 sq ft condo. Broker comments are “Best and quietest unit in Christiana Complex. Lives like a mountain cabin with a pool and hot tub rather than a condo. Laundry room in unit. Views toward Ajax in perpetuity due to unit facing Historic portion of Boomerang lodge. Great rental income, short and long term. This impeccably cared for unit is sold fully furnished. Dogs allowed for owner. Very low HOA dues for downtown Aspen. One of the newer condo complexes in Aspen. Great starter home or investment property.” 2015 taxes: $1,452; HOA Dues: $357 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/31/2016; Sold Date: 10/13/2016. (Photos and broker comments courtesy of Whipple & Brewster Real Estate)
MLS #142313 – Chateau Roaring Fork, Central Core, 1039 E Cooper, Aspen, CO. Sold Price: $590,000/$602 sq ft; unfurnished. More details below photos.
MLS #142313 – Chateau Roaring Fork, Central Core, 1039 E Cooper, Aspen, CO. Sold Price: $590,000/$602 sq ft; unfurnished. Asking Price: $635,000. (Original Price: $795,000 and 265 days on the market since 01/12/2016.) This is a 1969 built and 2015 remodeled, 2 bedroom/2 bath, 980 sq ft sub-grade condo. Broker comments are “Lowest Price 2 Bed 2 Bath Condo in the core at $810/sf. 4 Blocks from the gondola, this lower level condo has an updated kitchen, white oak hardwood floors and is fleshly painted. Boasting the biggest private year round heated pool in Aspen. Hot tubs, Sauna, BBQ area, and club house are also part of the common amenities. Off Street parking, and a large storage unit are also included. Great Short & long term rental opportunities. Pets are allowed for owners.” 2012 taxes: $1,933; HOA Dues: $2,739 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/01/2016; Sold Date: 10/03/2016. (Photos and broker comments courtesy of Bowden Properties)
MLS #135744 – Wood Run V, 590 Wood Road 36, Snowmass Village, CO: Sold Price: $1,050,000/$564 sq ft; furnished. More details below photos.
MLS #135744 – Wood Run V, 590 Wood Road 36, Snowmass Village, CO: Sold Price: $1,050,000/$564 sq ft; furnished. Asking Price: $1,195,000. (Original Price: $1,325,000 and 796 days on the market since 08/05/2014.) This is a 1984 built and 2010 remodeled, 2 bedroom/3 bath, 1,859 sq ft condo. Broker comments are “Rarely available floor plan at Phase III, 2 bedroom, 3 bath + den (not to be used as a sleeping area per HOA) and carport parking. This exquisite mountain setting offers a rare combination of seclusion with convenience, easy ski access to Elk Camp.” 2015 Taxes: $4,366; HOA Dues: $4,254 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/23/2016; Sold Date: 10/11/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #143717 – Woodbridge, 35 Upper Woodbridge Road 21cd, Snowmass Village, CO: Sold Price: $480,000/$521 sq ft; unfurnished. More details below photos.
MLS #143717 – Woodbridge, 35 Upper Woodbridge Road 21cd, Snowmass Village, CO: Sold Price: $480,000/$521 sq ft; unfurnished. Asking Price: $515,000. (Original Price: $515,000 and 168 days on the market since 04/25/2016.) This is a 1973 built and 2012 remodeled, 2 bedroom/2 bath, 921 sq ft condo. Broker comments are “Fantastic second floor unit with new kitchen, granite counters and stainless steel appliances including a wine refrigerator. Recently updated bathroom vanities and ElectroLux washer/dryer in unit. Furnishings available separately. Views from the balcony are never ending and the unit is in the top cluster for the complex. Free Town Shuttle stops in front of the building and the bike path goes behind the building. Easy to own, easy to live in and easy to rent — the choice is yours! The Special Assessment is payable by one payment of $20,000 or by quarterly payments of $1,050 for five(5) years.” 2015 Taxes: $1,519; HOA Dues: $3,000 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/29/2016; Sold Date: 10/10/2016. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
Recent Estin Report tweets on Aspen Real Estate
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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 2016 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.”
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