Aspen Real Estate Market Last Week’s Sales: Oct 17- 24, 21 – Week 43
Closed (15) and Under Contract / Pending (18). [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.] (Photos above of 300 Lake Avenue, Aspen Snowmass Sotheby’s HM).
Estin Report: 1st Half 2021 sf – Aspen Snowmass Real Estate Market Report was posted 8/17/21 in the Estin Reports section. The print edition will be available Fri Sep 3rd.
The Sep 2021 Market Snapshot and Q3 2021 historic quarterly charts will be posted early this week.
BOTTOM LINE SUMMARY
What happens to a market where inventory has plummeted and prices are sky high? Does the market come to a standstill? Do things freeze up? What releases this situation? As one client said to me recently “The balloon at max. You pray it deflates slowly and God forbid there is a needle that pops it (that would be the FED tightening liquidity).”…Read more
Blog Posted Oct 25, 2021 – Aspen CO real estate market activity, Week 43
Closed (15): MLS#s: 145095, 165743, 171104, 171330, 162850, 171241, 171792, 167501, 166154, 169108, 153510, 165579, 165579, 171763, 171132. This link is valid until 11/23/2021.
Under Contract/Pending (18): MLS#s: 171162, 167716, 169823, 172345, 171553, 170567, 171528, 171232, 169825, 172193, 168046, 172101, 172445, 172282, 171739, 169736, 172437, 172449. This link is valid until 11/23/2021.
Sold Properties Last Week:
MLS # 145095- West End, 300 Lake Avenue, Aspen, CO; Sold Price: $22,000,000/$3,941 sq ft; furnished. Sold Date: 10/18/2021. More details below photos.
MLS # 145095- West End, 300 Lake Avenue, Aspen, CO; Sold Price: $22,000,000/$3,941 sq ft; furnished. Sold Date: 10/18/2021. Ask Price: $22,950,000. (Original Price: $19,750,000 and on the market since 06/01/2021.) This is a 2019 built, 5 bedroom/5 bath/2 half-bath, 5,581 sq ft single-family with 2 car garage on a 0.15 acres lot. Broker comments are “There’s no better location in Aspen’s West End neighborhood, this prime property overlooks Hallam Lake with views up the Hunter Creek Valley. Five bedrooms, an open living layout that spills out to a grand patio facing Hallam Lake, a two car garage and the master of all master bedrooms. Rare opportunity to own a brand new home on a legacy property within walking distance to downtown, the Benedict Music Tent and the Aspen Institute. Triangle Park is just steps away. The new home is designed by David Johnston Architects with interiors by Kristin Dittmar Design. Top of the line contemporary finishes with a timeless palate that will set the style in Aspen for years to come.” 2020 taxes: $42,442. Under Contract Date: 09/17/2021; Sold Date: 10/18/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS # 165743- Pitkin Row, Central Core, 120 S Spring Street, Aspen, CO; Sold Price: $11,250,000/$3,421 sq ft; furnished. Sold Date: 10/19/2021. More details below photos.
MLS # 165743- Pitkin Row, Central Core, 120 S Spring Street, Aspen, CO; Sold Price: $11,250,000/$3,421 sq ft; furnished. Sold Date: 10/19/2021. Ask Price: $11,500,000. (Original Price: $11,500,000 and on the market since 08/02/2020.) This is a 1989 built and 2019 remodeled, 4 bedroom/4 bath/2 half-bath, 3,288 sq ft single-family with 2 car garage. Broker comments are “What everyone is looking for! Recently remodeled four-bedroom townhome with Aspen Mountain views. A stunning remodel, providing the new homeowner the opportunity to entertain guests or stay at home with the family. Rooftop deck, two-car garage, short distance to coffee, lunch, dinner, and Aspen Mountain gondola. Fully furnished.” 2019 taxes: $21,433; HOA Dues: $24,440. Under Contract Date: 09/05/2021; Sold Date: 10/19/2021. (Photos and broker comments courtesy of Compass)
MLS # 171104- West Aspen, West Aspen, 2500 Little Annie Road, Aspen, CO; Sold Price: $9,050,000/$2,367 sq ft; partially furnished. Sold Date: 10/19/2021. More details below photos.
MLS # 171104- West Aspen, West Aspen, 2500 Little Annie Road, Aspen, CO; Sold Price: $9,050,000/$2,367 sq ft; partially furnished. Sold Date: 10/19/2021. Ask Price: $9,500,000. (Original Price: $9,050,000 and on the market since 07/13/2021.) This is a 2002 built, 2 bedroom/2 bath/1 half-bath, 3,822 sq ft single-family. Broker comments are “The ultimate aspen hideaway! Impeccably built and meticulously designed by lars bolander, one of sweden’s top designers. By far the largest ”cabin” on aspen mountain to enjoy during the summer and winter. This legacy property is fully equipped and lacks absolutely nothing, snowcat included.” 2019 taxes: $6,028. Under Contract Date: 10/11/2021; Sold Date: 10/19/2021. (Photos and broker comments courtesy of Global Real Estate Group)
MLS # 171330- Morningstar, East Aspen, 131 Popcorn Lane, Aspen, CO; Sold Price: $8,000,000/$1,614 sq ft; unfurnished. Sold Date: 10/15/2021. More details below photos.
MLS # 171330- Morningstar, East Aspen, 131 Popcorn Lane, Aspen, CO; Sold Price: $8,000,000/$1,614 sq ft; unfurnished. Sold Date: 10/15/2021. Ask Price: $8,395,000. (Original Price: $8,795,000 and on the market since 07/28/2021.) This is a 2006 built, 4 bedroom/4 bath/2 half-bath, 4,955 sq ft single-family with 2 car garage on a 1.92 acres lot. Broker comments are “Where sales of neighboring property exceed $30,000,000, this parcel is priced at less than a third of that and yet has the same accoutrements and maybe more when considering a real bunk house, pond, snow-melted patios, and much more. The quality of construction speaks for itself with hammered limestone floors and stone walls, coffered French Oak ceilings, a true chef’s kitchen , snow-melted patios, and so much more. 2 ASKO dishwashers, 36″ sub-zero refrigerator with extra drawers, 2 sinks, professional ice maker and plenty of room to move around. Master suite is on a floor of its own with Romeo and Juliet balcony, stone fireplace, and office. Aside from a media room, there is a family room with built-ins, breakfast bar with refrigerator drawers, and an adorable bunk room. All this only 3.5 mi from Aspen on well-maintained road. ” 2019 taxes: $18,360; HOA Dues: $10,000. Under Contract Date: 08/29/2021; Sold Date: 10/15/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS # 162850- Good Thunder, Central Core, 125 E Hyman Avenue 3-A, Aspen, CO; Sold Price: $3,900,000/$3,035 sq ft; furnished. Sold Date: 10/21/2021. More details below photos.
MLS # 162850- Good Thunder, Central Core, 125 E Hyman Avenue 3-A, Aspen, CO; Sold Price: $3,900,000/$3,035 sq ft; furnished. Sold Date: 10/21/2021. Ask Price: $3,995,000. (Original Price: $4,995,000 and on the market since 01/24/2020.) This is a 1978 built and 2017 remodeled, 3 bedroom/2 bath/1 half-bath, 1,285 sq ft townhome. Broker comments are “Just what you are looking for. Hard to find but here it is! This Turnkey 3 bedroom townhome includes a designated off street parking space. Stylishly designer renovated and furnished in 2017 (only occupied for 30 days since renovated). Situated right downtown allowing you to walk everywhere with ease. Views of Aspen Mountain and with an amazing 772 square feet of decks your living space expands to include the outdoors and the possibility of additional footage.” 2019 taxes: $5,823; HOA Dues: $5,700. Under Contract Date:09/06/2021; Sold Date: 10/21/2021. (Photos and broker comments courtesy of Engel & Volkers)
MLS # 171241- Aspen Alps, Central Core, 700 S Ute Avenue 502, Aspen, CO; Sold Price: $3,895,000/$3,205 sq ft; unfurnished. Sold Date: 10/18/2021. More details below photos.
MLS # 171241- Aspen Alps, Central Core, 700 S Ute Avenue 502, Aspen, CO; Sold Price: $3,895,000/$3,205 sq ft; unfurnished. Sold Date: 10/18/2021. Ask Price: $3,895,000. (Original Price: $3,895,; HOA Dues: $31,611000 and on the market since 07/22/2021.) This is a 1963 built and 2021 remodeled, 3 bedroom/3 bath, 1,215 sq ft condo with common car garage. Broker comments are “Stunning ”to the studs” renovation of this 3 bed 3 bath ski in ski out condo at Aspen Alps. Steps to the Little Nell ski run, hotel and all of the extraordinary amenities downtown Aspen. Featuring custom finishes, fixtures, wood burning fireplace, Bosch appliances, caesarstone, two decks under a canopy of aspen trees with peekaboo views of smuggler and red mountain. Owners enjoy access to on-site fitness facility, tennis courts, outdoor pool, and health spa. Ownership includes front desk, generously sized owner storage, underground parking space.” 2021 taxes: $4,813. Under Contract Date: 07/16/2021; Sold Date: 10/18/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate)
MLS #171792- 700 Monarch, Central Core, 700 S Monarch 104, Aspen, CO; Sold Price: $2,600,000/$2,564 sq ft; furnished. Sold Date: 10/19/2021. More details below photos.
MLS #171792- 700 Monarch, Central Core, 700 S Monarch 104, Aspen, CO; Sold Price: $2,600,000/$2,564 sq ft; furnished. Sold Date: 10/19/2021. Ask Price: $2,735,000. (Original Price: $2,735,000 and on the market since 08/30/2021.) This is a 1971 built and 2019 remodeled, 2 bedroom/2 bath, 1,014 sq ft condo with 1 car garage. Broker comments are “Sought after location with direct ski access to Aspen Mountain! This turn key, beautifully remodeled two bedroom condo in the Aspen core features marble countertops, Subzero appliances, heated bathroom floors, a soaking tub, hardwood floors and a cozy wood fireplace in the living room. With a proven track record for strong rental numbers, the property could serve as an end users Aspen dream, or the investor looking for steady income.” 2020 taxes: $4,676; HOA Dues: $10,480. Under Contract Date: 09/04/2021; Sold Date: 10/19/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS # 167501- Cooper Avenue Victorian, Central Core, 1012 E Cooper Avenue 2, Aspen, CO; Sold Price: $2,560,000/$1,747 sq ft; furnished. Sold Date: 10/20/2021. More details below photos.
MLS # 167501- Cooper Avenue Victorian, Central Core, 1012 E Cooper Avenue 2, Aspen, CO; Sold Price: $2,560,000/$1,747 sq ft; furnished. Sold Date: 10/20/2021. Ask Price: $2,750,000. (Original Price: $2,950,000 and on the market since 11/12/2020.) This is a 1972 built and 2005 remodeled, 2 bedroom/2 bath/1 half-bath, 1,465 sq ft condo. Broker comments are “Unique opportunity to own a quiet, spacious two-story unit in a charming Aspen Victorian downtown Aspen. Both bedrooms up, generous space on entry level with kitchen and great room. One deeded parking space, ski storage locker, decks off of both the entry and upper level, and stackable washer/dryer in unit. Four blocks to The Aspen Mountain Gondola. Easy and private entrance from the outdoors.” 2019 taxes: $4,342; HOA Dues: $17,676. Under Contract Date: 09/15/2021; Sold Date: 10/20/2021. (Photos and broker comments courtesy of Compass)
MLS # 166154- Le Clairvaux, Central Core, 803 E Durant Avenue 5, Aspen, CO; Sold Price: $2,100,000/$2,019 sq ft. Sold Date: 10/15/2021. More details below photos.
MLS # 166154- Le Clairvaux, Central Core, 803 E Durant Avenue 5, Aspen, CO; Sold Price: $2,100,000/$2,019 sq ft. Sold Date: 10/15/2021. Ask Price: $2,100,000. (Original Price: $2,100,000 and on the market since 08/20/2020.) This is a 1965 built, 3 bedroom/2 bath, 1,040 sq ft condo with assigned car garage. Broker comments are “This 3 bedroom condo at the Le Clairvaux is just steps from the base of Aspen Mountain and all the amenities Aspen has to offer with an assigned parking space. Its Southern exposure and floor to ceiling windows keep it light and bright and new flooring was just installed summer of 2020. This ground level condo is convenient and wheelchair accessible. This property rents well or is a great personal mountain retreat.” 2020 taxes: $3,252; HOA Dues: $11,176. Under Contract Date: 07/11/2021; Sold Date: 10/15/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS # 169108- 450 Orginal-FKA Mittendorf, Central Core, 450 S Original Street #9, Aspen, CO; Sold Price: $1,935,000/$2,076 sq ft; unfurnished. Sold Date: 10/18/2021. More details below photos.
MLS # 169108- 450 Orginal-FKA Mittendorf, Central Core, 450 S Original Street #9, Aspen, CO; Sold Price: $1,935,000/$2,076 sq ft; unfurnished. Sold Date: 10/18/2021. Ask Price: $1,995,000. (Original Price: $1,995,000 and on the market since 03/17/2021.) This is a 1963 built, 4 bedroom/2 bath/1 half-bath, 932 sq ft condo. Broker comments are “This 2-bedroom, 1-bath condo is in an awesome location, 1 block to gondola. Well maintained, affordable assessments.” 2021 taxes: $2,200; HOA Dues: $3,400. Under Contract Date: 08/04/2021; Sold Date: 10/18/2021. (Photos and broker comments courtesy of United Country Colorado Brokers, Inc.)
MLS # 153510- Woody Creek, 3045 Woody Creek Road, Woody Creek, CO; Sold Price: $19,350,000/$1,666 sq ft; unfurnished. Sold Date: 10/15/2021. More details below photos.
MLS # 153510- Woody Creek, 3045 Woody Creek Road, Woody Creek, CO; Sold Price: $19,350,000/$1,666 sq ft; unfurnished. Sold Date: 10/15/2021. Ask Price: $18,500,000. (Original Price: $18,500,000 and on the market since 04/13/2018.) This is a 1970 built and 1990 remodeled, 9 bedroom/6 bath, 11,612 sq ft single-family with 2 car garage on a 245 acres lot. Broker comments are “While within a short and beautiful drive to Aspen in charming Woody Creek, it is adjacent to National Forest with unique and private access to the hunting, hiking, riding, snowshoeing, and cross country skiing that thousands of acres of United States Forest Service land provide. 245 acres that feels like much more, with 95 acres of irrigated lush meadows. Superb views, shoot off dynamite in your front yard privacy! Land for many possible uses. Nearly 1 mile of Creeks including Collins Creek and Woody Creek, ponds. Substantial water rights. Ability to have up to 4 homes. Legally separated parcels.” 2015 taxes: $9,418. Under Contract Date: 07/10/2021; Sold Date: 10/15/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS # 165579- Wild Oak, Snowmass Village, 685 Oak Ridge Road, Snowmass Village, CO; Sold Price: $5,614,000/$804 sq ft. Sold Date: 10/19/2021. More details below photos.
MLS # 165579- Wild Oak, Snowmass Village, 685 Oak Ridge Road, Snowmass Village, CO; Sold Price: $5,614,000/$804 sq ft. Sold Date: 10/19/2021. Ask Price: $6,495,000. (Original Price: $6,750,000 and on the market since 07/27/2020.) This is a 2000 built and 2008 remodeled, 5 bedroom/6 bath/1 half-bath, 6,974 sq ft single-family with 3 car garage on a 5.3 acres lot. Broker comments are “The Enclave at Oak Ridge encompasses a nearly 7,000 sq. ft. residence with a caretaker’s apartment above the 3-car garage, designed by architect T. Michael Manchester and built by Dan Johns who spared no expense when it came to quality construction and materials. Impeccably maintained and offered fully furnished, the residence balances spaciousness with intimacy and expansive views of Snowmass Mountain and the Continental Divide. Five bedrooms, including two master suites, plus a media room add to the flexibility of the floorplan. Expansive heated decks amplify the views, creating a breathtaking setting from which enjoys Colorado’s natural world.” 2020 taxes: $21,273; HOA Dues: $90. Under Contract Date: 08/31/2021; Sold Date: 10/19/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
MLS # 171686- Country Club Homes, Snowmass Village, 42 St. Andrews Court #67, Snowmass Village, CO; Sold Price: $3,100,000/$1,360 sq ft; unfurnished. Sold Date: 10/20/2021. More details below photos.
MLS # 171686- Country Club Homes, Snowmass Village, 42 St. Andrews Court #67, Snowmass Village, CO; Sold Price: $3,100,000/$1,360 sq ft; unfurnished. Sold Date: 10/20/2021. Ask Price: $3,385,000. (Original Price: $3,385,000 and on the market since 08/22/2021.) This is a 1989 built and 2020 remodeled, 3 bedroom/3 bath, 2,279 sq ft townhome with 1 car garage. Broker comments are “Light and bright, totally remodeled 3-bedroom/3 bath townhome in a premium location on the quiet St. Andrews cul-de-sac with the creek flowing through your private backyard. Vaulted ceilings in upstairs living level with mountain & creek views from upstairs deck & golf course views from 3rd bedroom and. Updates include all new white oak flooring, brand new fireplace with marble surround, beautifully renovated kitchen & bathrooms, A/C in master and guest suite along with Trex deck patios and heated bathroom floors throughout. Close access to both Snowmass Village and Aspen. Use free shuttle to Snowmass Mountain ski area and enjoy this peaceful setting for walking, biking, tennis, golf & cross-country skiing.” 2020 taxes: $6,006; HOA Dues: $15,777. Under Contract Date: 09/02/2021; Sold Date: 10/20/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate)
MLS # 171763- Assay Hill Lodge, Snowmass Village, 130 Wood Road 642, Snowmass Village, CO; Sold Price: $1,750,000/$1,647 sq ft; furnished. Sold Date: 10/18/2021. More details below photos.
MLS # 171763- Assay Hill Lodge, Snowmass Village, 130 Wood Road 642, Snowmass Village, CO; Sold Price: $1,750,000/$1,647 sq ft; furnished. Sold Date: 10/18/2021. Ask Price: $1,650,000. (Original Price: $1,650,000 and on the market since 08/26/2021.) This is a 2009 built, 2 bedroom/2 bath, 1,062 sq ft condo with common car garage. Broker comments are “Rare opportunity to own a two-bedroom, two-bath corner residence at the preeminent condo/hotel resort in Snowmass. Excellent rental income opportunity. Unobstructed west-facing views from both your terrace and great room. Amenities include; valet parking, front desk, concierge services, in-room dining, ski valet, heated pool/ hot tubs, state-of-the-art fitness facility, full-service spa, cafe, restaurant, pool bar, and patio. Ski-in/ski-out via Assay Hill.” 2020 taxes: $5,156; HOA Dues: $25,000. Under Contract Date: 08/29/2021; Sold Date: 10/18/2021. (Photos and broker comments courtesy of Compass)
MLS # 171132- Capitol Peak, Snowmass Village, 90 Carriage Way No. 3319, Snowmass Village, CO; Sold Price: $925,000/$1,114 sq ft; furnished. Sold Date: 10/08/2021. More details below photos.
MLS # 171132- Capitol Peak, Snowmass Village, 90 Carriage Way No. 3319, Snowmass Village, CO; Sold Price: $925,000/$1,114 sq ft; furnished. Sold Date: 10/08/2021. Ask Price: $950,000. (Original Price: $950,000 and on the market since 07/15/2021.) This is a 2008 built, 1 bedroom/1 bath, 830 sq ft condo with common car garage. Broker comments are “This is a one of a kind unit in the very desirable Base Village. The new buildings do not have any one bedroom units and 3319 is the largest one bedroom in Capitol Peak. It features vaulted ceilings a large living area with combined kitchen dining and windows on two sides for all day light. The 830 Sq./FT of living is the largest one bedroom available, and you are just steps away from skiing by day and skating at night. In addition, there are 8 restaurants, the Snowmass Collective, two hot tubs and an exercise room an elevator ride away. The building features central air conditioning, a heated garage and a warm fireplace to warm up after a day on the slopes.” 2019 taxes: $5,042; HOA Dues: $14,380. Under Contract Date: 08/27/2021; Sold Date: 10/08/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
______________
