Aspen Real Estate Market Last Week’s Sales: Oct 24- 31, 21 – Week 44
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 is available in brochure racks around town, at the airport and in front of Sotheby’s offices at 300 S. Spring #100 (my office) and 415 E. Hyman in the mall.
The Oct 2021 Aspen Market Report Snapshot and Q3 2021 historic quarterly charts will be posted early this week in the Current Reports and Market Charts Sections.
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 Nov 01, 2021 – Aspen CO real estate market activity, Week 44
Closed (16): MLS#s: 171504, 172587, 166305, 172516, 171347, 171688, 168534, 172522, 166555, 172554, 167822, 172583, 172184, 172021, 170859, 172160. This link is valid until 11/23/2021.
Under Contract/Pending (14): MLS#s: 172547, 169387, 170319, 172060, 172321, 170268, 169666, 165382, 172312, 172084, 172583, 172519, 172576, 172484. This link is valid until 11/23/2021.
Sold Properties Last Week:
MLS # 171504- Starwood, McLain Flats, 70 Larson Drive, Aspen, CO; Sold Price: $20,750,000/$2,625 sq ft; furnished. Sold Date: 10/29/2021. More details below photos.
MLS # 171504- Starwood, McLain Flats, 70 Larson Drive, Aspen, CO; Sold Price: $20,750,000/$2,625 sq ft; furnished. Sold Date: 10/29/2021. Ask Price: $25,000,000. (Original Price: $25,000,000 and on the market since 08/10/2021.) This is a 2008 built and 2016 remodeled, 5 bedroom/2 bath/2 half-bath/5 3/4-bath, 7,903 sq ft single-family with 2 car garage on a 11.18 acres lot. Broker comments are “With unparalleled views and privacy, this home offers safety and security above it all. Truly a one of a kind masterpiece, this 7,903 sq ft home boasts exotic stones, custom furnishings, 3 piece burled walnut doors, and a level of fit and finish rarely seen in the Aspen market today. Truly no detail has been spared, and due to the current owners careful planning, the residence comes with two adjacent vacant lots. The adjacent lots can be developed or preserved in their natural state. A rare find in today’s market, 70 Larson Drive offers the ability to create a family compound or simply enjoy the immaculate residence in unfettered solitude. *Price includes three individually deeded parcels. The residence currently boasts 5 en-suite bedrooms, 8 baths, a home theater, a massage/gym room, a bonus room with bathroom that could serve as an additional bunk room, 5 fireplaces, great outdoor spaces, and architectural details too numerous to mention.” 2020 taxes: $34,561; HOA Dues: $1,045. Under Contract Date: 09/15/2021; Sold Date: 10/29/2021. (Photos and broker comments courtesy of Christie’s International Real Estate)
MLS # 172587- West End, 622 W Smuggler Street, Aspen, CO; Sold Price: $11,500,000/$5,156, sq ft. Sold Date: 10/04/2021. More details below photos.
MLS # 172587- West End, 622 W Smuggler Street, Aspen, CO; Sold Price: $11,500,000/$5,156, sq ft. Sold Date: 10/04/2021. Ask Price: $11,900,000. (Price: $11,900,000, sold off market.) This is a 1985 built and 2004 remodeled, 5 bedroom/5 bath, 2,230 sq ft single-family with 2 car garage on a 9,000 sq ft corner lot. Tim’s notes: In the West End, a 9,000 sq ft lot allows for a single family home or a duplex.. The property was purchased by an Aspen developer with plans to build two half duplexes. Broker comments is “Sold before MLS” 2020 taxes: $14,701. Under Contract Date: 06/21/2021; Sold Date: 10/04/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
MLS # 166305- Townsite of Aspen, West End, 420 W Francis Street, Aspen, CO; Sold Price: $10,000,000/$2,564 sq ft; unfurnished. Sold Date: 10/26/2021. More details below photos.
MLS # 166305- West End, 420 W Francis Street, Aspen, CO; Sold Price: $10,000,000/$2,564 sq ft; unfurnished. Sold Date: 10/26/2021. Ask Price: $10,995,000. (Original Price: $9,975,000 and on the market since 08/29/2020.) This is a 1900 built and 2001 remodeled, 5 bedroom/ 4 bath/1 half-bath, 1 3/4-bath, 3,899 sq ft single-family with 2 car garage on a 0.14 acres lot. Broker comments are “This renovated historic Victorian sits on a 6,000 square foot lot. The spectacular location is in the heart of the West End–just a ten-minute walk to town and only three blocks from the Music Tent and the Aspen Institute. Multiple living spaces, finished basement, 5th bedroom in the Accessory Dwelling Unit (ADU) with kitchenette and full bath. Large outdoor spaces combine with mature blue spruce to provide privacy. Fenced in backyard, hot tub, views of Ajax and Shadow Mountain, south facing. ADU has electric heat and a gas stove. Seller’s are licensed CO real estate brokers. Title restriction on ADU. The property is being sold in its ‘as is’ condition. Any repairs, maintenance, or release from the ADU title restriction is at Buyer’s expense.” 2020 taxes: $17,696. Under Contract Date: 09/26/2021; Sold Date: 10/26/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 172516- Central Core, 205 W Main Street, Aspen, CO; Sold Price: $5,500,000/$2,470 sq ft; unfurnished. Sold Date: 10/22/2021. More details below photos.
MLS # 172516- Townsite of Aspen, Central Core, 205 W Main Street, Aspen, CO; Sold Price: $5,500,000/$2,470 sq ft; unfurnished. Sold Date: 10/22/2021. Ask Price: $5,500,000. (Original Price: $5,500,000 and on the market since 10/25/2021.) This is a 1890 built, 4 bedroom/3 bath, 2,226 sq ft single-family. Broker comments are “This property has not been available since 1948! Prime location for a single family home or two, bed & breakfast, boutique hotel, office space, restaurant, affordable housing and more. The property is eligible for a historic landmark lot split, which is a type of subdivision that allows a historic property to be divided into two lots with a minimum lot size of 3,000 sf. Alternately, two detached homes could be developed on the 7,500 sf lot and condominiumized to separate ownership.” 2020 taxes: $7,591. Under Contract Date: 08/13/2021; Sold Date: 10/22/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS # 171347- Aspen Townhouse Central, Central Core, 124 E Durant Avenue 6, Aspen, CO; Sold Price: $3,135,000/$3,160 sq ft; furnished. Sold Date: 10/29/2021. More details below photos.
MLS # 171347- Aspen Townhouse Central, Central Core, 124 E Durant Avenue 6, Aspen, CO; Sold Price: $3,135,000/$3,160 sq ft; furnished. Sold Date: 10/29/2021. Ask Price: $3,095,000. (Original Price: $2,950,000 and on the market since 07/29/2021.) This is a 1968 built and 2011 remodeled, 3 bedroom/2 bath, 992 sq ft condo. Broker comments are “This fully updated 3 bedroom, 2 bathroom, south facing townhome has a beautiful modern interior and views of Aspen Mountain. Featuring a spacious deck, 2 assigned parking spaces(tandem), A/C on the upper level, a gas fireplace, hardwood floors and plenty of storage. The upper level primary bedroom has an en-suite bathroom with a skylight for ample natural light. Work from home in the third bedroom which is currently set up as an office, or use it for additional accommodations. This location provides the ultimate convenience for skiing and access to downtown Aspen. See the MLS Documents for the approved Lift One Corridor Plan.” 2020 taxes: $5,360; HOA Dues: $5,044. Under Contract Date: 08/02/2021; Sold Date: 10/29/2021. (Photos and broker comments courtesy of Setterfield & Bright)
MLS # 171688- Riverside Condos, Central Core, 1024 E Cooper Avenue 9, Aspen, CO; Sold Price: $2,745,000/$2,548 sq ft; furnished. Sold Date: 10/25/2021. More details below photos.
MLS # 171688- Riverside Condos, Central Core, 1024 E Cooper Avenue 9, Aspen, CO; Sold Price: $2,745,000/$2,548 sq ft; furnished. Sold Date: 10/25/2021. Ask Price: $2,795,000. (Original Price: $2,795,000 and on the market since 08/23/2021.) This is a 1970 built and 2014 remodeled, 3 bedroom/2 bath, 1,077 sq ft condo with common car garage. Broker comments are “Privacy and light highlight this vaulted ceiling condo ready for full time resident or investor. No rental restrictions. Located behind other Riverside Condos Unit 9 is in a quiet, private location and features a large private gated patio and large windows. Remodeled in 2014. Private top floor master with a balcony and views. Washer and dryer. Furnished” 2020 taxes: $3,719; HOA Dues: $8,184. Under Contract Date: 08/26/2021; Sold Date: 10/25/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 168534- Gant, Central Core, 610 S West End Street Unit J-301, Aspen, CO; Sold Price: $2,400,000/$2,424 sq ft; furnished. Sold Date: 10/25/2021. More details below photos.
MLS # 168534- Gant, Central Core, 610 S West End Street Unit J-301, Aspen, CO; Sold Price: $2,400,000/$2,424 sq ft; furnished. Sold Date: 10/25/2021. Ask Price: $2,750,000. (Original Price: $2,750,000 and on the market since 02/10/2021.) This is a 1972 built, 2 bedroom/2 bath, 990 sq ft condo. Broker comments are “Enjoy views of the Gondola and Aspen Mountain from this top floor Gant unit, well positioned to access the property’s many amenities. Vaulted ceilings bring light and an open ambiance to the 2-bedroom/2-bath residence, with big mountain views and a private deck. Owners and guests enjoy concierge services, a restaurant/bar, pool & spa, fitness center, tennis courts, on-site ski rentals & storage, conference facilities and more. Walk anywhere in downtown Aspen, or take advantage of the Gant’s local shuttle service.” 2020 taxes: $4,144; HOA Dues: $25,946. Under Contract Date: 08/30/2021; Sold Date: 10/25/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
MLS # 172522- Skandia, West End, 720 W Hopkins Avenue E, Aspen, CO; Sold Price: $1,650,000/$1,297 sq ft; unfurnished. Sold Date: 10/25/2021. More details below photos.
MLS # 172522- Skandia, West End, 720 W Hopkins Avenue E, Aspen, CO; Sold Price: $1,650,000/$1,297 sq ft; unfurnished. Sold Date: 10/25/2021. Ask Price: $1,495,000. (Original Price: $1,495,000 and on the market since 10/25/2021.) This is a 1970 built and 2012 remodeled, 2 bedroom/1 bath/2 half-bath, 1,272 sq ft townhome. Broker comments is “Sold before MLS per contract.” 2021 taxes: $2,262; HOA Dues: $5,100. Under Contract Date: 09/22/2021; Sold Date: 10/25/2021. (Photos and broker comments courtesy of Lorrie B Aspen, Inc.)
MLS # 166555- Gavilon, Central Core, 935 E Hopkins Avenue #3, Aspen, CO; Sold Price: $925,000/$1,666 sq ft; furnished. Sold Date: 10/25/2021. More details below photos.
MLS # 166555- Gavilon, Central Core, 935 E Hopkins Avenue #3, Aspen, CO; Sold Price: $925,000/$1,666 sq ft; furnished. Sold Date: 10/25/2021. Ask Price: $950,000. (Original Price: $950,000 and on the market since 09/14/2020.) This is a 1977 built, 1 bedroom/1 bath, 555 sq ft condo. Broker comments are “Gem of a condo in The Core’s quietest location just before the Hopkins Street foot bridge. Cozy and quaint, the Gavilon a timeless building. Low dues, quiet, easy walk to everything make this condo extremely comfortable to slip into!” 2019 taxes: $1,676.; HOA Dues: $4,763. Under Contract Date: 09/08/2021; Sold Date: 10/25/2021. (Photos and broker comments courtesy of Christie’s International Real Estate)
MLS # 172554- Pines @ Owl Creek, Snowmass Village, 651 Pine Crest Drive, Snowmass Village, CO; Sold Price: $9,500,000/$1,745 sq ft; furnished. Sold Date: 10/27/2021. More details below photos.
MLS # 172554- Pines @ Owl Creek, Snowmass Village, 651 Pine Crest Drive, Snowmass Village, CO; Sold Price: $9,500,000/$1,745 sq ft; furnished. Sold Date: 10/27/2021. Ask Price: $9,500,000. (Original Price: $9,500,000 and on the market since 10/27/2021.) This is a 5 bedroom/6 bath/1 half-bath, 5,442 sq ft single-family with 2 car garage on a 2.67 acres lot. Broker comments is “Sold prior to MLS” 2020 taxes: $25,147; HOA Dues: $6,855. Under Contract Date: 10/15/2021; Sold Date: 10/27/2021. (Photos and broker comments courtesy of Christie’s International Real Estate)
MLS # 167822- Ridge Run, Snowmass Village, 1215 Faraway Road, Snowmass Village, CO; Sold Price: $4,000,000/$736 sq ft; furnished. Sold Date: 10/28/2021. More details below photos.
MLS # 167822- Ridge Run, Snowmass Village, 1215 Faraway Road, Snowmass Village, CO; Sold Price: $4,000,000/$736 sq ft; furnished. Sold Date: 10/28/2021. Ask Price: $4,250,000. (Original Price: $4,895,000 and on the market since 12/10/2020.) This is a 1977 built and 2018 remodeled, 5 bedroom/5 bath, 5,432 sq ft single-family with 2 car garage on a 0.73 acres lot. Broker comments are “Newly furnished and totally turn-key, this lovely 5 bedroom, 5 bath home is completely ready for you to move in. Situated in the woods with majestic mountain views, this spectacular home provides privacy, space, tranquility and easy ski access in winter and hiking in the summer. Warm colors, wood beams, vaulted ceilings, stone entryway, granite and stone finishes in the kitchen, high end appliances, oak floors, and a new DaVinci roof. Views from every window, multiple decks, flat yard areas, remodeled baths with high end finishes, oversized two car garage and 2 driveways. The layout of this home provides versatility: the exercise studio could be a 6th bedroom, the master suite office could be a yoga retreat, artist studio, children’s perch or that perfect master bedroom haven. Hot tub” 2020 taxes: $7,752; HOA Dues: $195. Under Contract Date: 09/28/2021; Sold Date: 10/28/2021. (Photos and broker comments courtesy of RE/MAX Signature)
MLS # 172583- Base Village/One Snowmass East, Snowmass Village, 77 Wood Road 301, Snowmass Village, CO; Sold Price: $3,000,000/$1,851 sq ft; furnished. Sold Date: 10/28/2021. More details below photos.
MLS # 172583- Base Village/One Snowmass East, Snowmass Village, 77 Wood Road 301, Snowmass Village, CO; Sold Price: $3,000,000/$1,851 sq ft; furnished. Sold Date: 10/28/2021. Ask Price: $3,000,000. (Original Price: $3,000,000 and on the market since 10/28/2021.) This is a 2020 built, 2 bedroom/2 bath, 1,620 sq ft condo with common car garage. 2020 taxes: $15,414; HOA Dues: $27,581. Under Contract Date: 09/30/2021; Sold Date: 10/28/2021. (Photos and broker comments courtesy of Aspen Inside)
MLS # 172184- Top of Village, Snowmass Village, 855 Carriage Way 501, Snowmass Village, Aspen, CO; Sold Price: $1,761,000/$1,214 sq ft; furnished. Sold Date: 10/29/2021. More details below photos.
MLS # 172184- Top of Village, Snowmass Village, 855 Carriage Way 501, Snowmass Village, Aspen, CO; Sold Price: $1,761,000/$1,214 sq ft; furnished. Sold Date: 10/29/2021. Ask Price: $1,595,000. (Original Price: $1,595,000 and on the market since 09/27/2021.) This is a 1974 built, 3 bedroom/3 bath, 1,450 sq ft condo with assigned car garage. Broker comments are “Slope side on Fanny Hill with ski access to the door! Top of Village Leaf #501 is southeast facing with excellent morning light as well as wonderful down valley and ski slope views. The three-bedroom three-bathroom condo offers a same level living and open floor plan with gracious bedroom space and nice storage for second homeowners. Step out your door to hike, bike, ski and enjoy all that world class Snowmass Mountain has to offer. The Top Village amenities offer front desk, shuttle services, pool, spa and much more. The condo is also a premier rental unit that provides great revenue.” 2020 taxes: $3,924; HOA Dues: $16,953. Under Contract Date: 09/29/2021; Sold Date: 10/29/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
MLS # 172021- Assay Hill Lodge, Snowmass Village, 130 Wood Road 501, Snowmass Village, CO; Sold Price: $1,500,000/$1,432 sq ft; furnished. Sold Date: 10/25/2021. More details below photos.
MLS # 172021- Assay Hill Lodge, Snowmass Village, 130 Wood Road 501, Snowmass Village, CO; Sold Price: $1,500,000/$1,432 sq ft; furnished. Sold Date: 10/25/2021. Ask Price: $1,575,000. (Original Price: $1,595,000 and on the market since 09/15/2021.) This is a 2010 built, 2 bedroom/2 bath, 1,047 sq ft condo with common car garage. Broker comments are “The four-star amenities feature ski in/out access to Snowmass Mountain, multiple restaurants, room service, a Four Mountain Sports ski shop and onsite spa. In addition, guests enjoy a beautiful pool with hot tubs, cabanas with fire pits and a contemporary styled lobby with an adjoining coffee shop. Unit 501 is a corner two-bedroom residence featuring a huge southwest facing deck and windows on two sides with all day sun and natural light. The residence units have a combined living dining area and large full kitchen, so families can gather after the day’s activities and enjoy the additional space. Two-bedroom units are the preferred choice of winter guests and 501 has a strong rental history. This is an opportunity to enjoy a second home and cover many of the associated costs with the Viceroy rental program” 2020 taxes: $4,641; HOA Dues: $27,558. Under Contract Date: 09/18/2021; Sold Date: 10/25/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 170859- Top of Village, Snowmass Village, 855 Carriage Way Trails 205, Snowmass Village, Aspen, CO; Sold Price: $1,350,000/$1,250 sq ft; furnished. Sold Date: 10/29/2021. More details below photos.
MLS # 170859- Top of Village, Snowmass Village, 855 Carriage Way Trails 205, Snowmass Village, Aspen, CO; Sold Price: $1,350,000/$1,250 sq ft; furnished. Sold Date: 10/29/2021. Ask Price: $1,375,000. (Original Price: $1,295,000 and on the market since 07/01/2021.) This is a 1974 built and 2015 remodeled, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are “Front row center, south facing with Dawdler Ski Run and Snowmass Mountain framing your sun drenched living room view. Guest bedroom sleeps four with built in-wall bunks, or buy adjoing Unit Trails 206 also for sale, to have 4 full bedrooms. Elevator access to 1 designated covered parking spot, pool, jacuzzi, conference room, workout facilities, TOV on demand shuttle, and front desk. Amazing management and short term rental team. World class skiing, mountain biking, and hiking, summer Snowmass concerts, all right out your door!” 2020 taxes: $2,663; HOA Dues: $15,000. Under Contract Date: 10/04/2021; Sold Date: 10/29/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate)
MLS # 172160- Aspenwood, Snowmass Village, 600 Carriage Way J-3, Snowmass Village, CO; Sold Price: $499,000/$959 sq ft; furnished. Sold Date: 10/28/2021. More details below photos.
MLS # 172160- Aspenwood, Snowmass Village, 600 Carriage Way J-3, Snowmass Village, CO; Sold Price: $499,000/$959 sq ft; furnished. Sold Date: 10/28/2021. Ask Price: $499,000. (Original Price: $499,000 and on the market since 09/24/2021.) This is a 1967 built and 2012 remodeled, 1 bedroom/1 bath, 520 sq ft condo. Broker comments are “One-bedroom unit in Snowmass Village with low HOA fees, no rental and owner restrictions, and under $500,000! Aspenwood J-3 is a naturally bright, corner unit on the second floor with views over the Snowmass Mall. Offered furnished and in the rental pool already, this one-bedroom is ready to go! Aspenwood is located just above the Snowmass Mall. Easy access to skiing at Fanny Hill, restaurants, and shopping. The complex has a 20-person hot tub, on-site management, and a fitness center. Parking is available across the street.” 2020 taxes: $ 807; HOA Dues: $7,160. Under Contract Date: 09/29/2021; Sold Date: 10/28/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate)
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