Aspen Snowmass Weekly Sales: Closed (4) & Pending (5), Jul 3 – Jul 10, 22. See my recent 6/20/22 Aspen real estate market comments “History Lesson…When the Music Stopped”.
The June 2022 Aspen Market Snapshot was posted on 7/02/22 in the Estin Reports section.
Blog Post July 11, 2022 – Aspen CO real estate market activity, Week 27
Closed (4): MLS#s: 168541, 168536, 168537, 174944. This link is valid until 8/09/2022.
Under Contract/Pending (5): MLS#s: 175462, 175608, 175862, 175857, 175827. This link is valid until 8/09/2022.
Sold Properties Last Week:
The Cemetery Lane properties below that closed last week are part of a 4-home development on a 1-acre lot. The plan was bold and courageous: This is the first new contemporary multi-family home development in the Cemetery Lane area and may presage similar projects. Or, it slipped in under the gun of the City of Aspen’s new summer 2022 ordinance limiting the number of teardown demolitions to six per year. The Cemetery Ln neighborhood is made up of mostly 1960-1980’s built homes ripe for redevelopment.
MLS # 168541 – West Aspen, 725 Cemetery Lane, Aspen, CO; Sold Price: $7,495,000/$1,806 sq ft; unfurnished. Sold Date: 07/08/2022. More details below photos.
MLS # 168541 – West Aspen, 725 Cemetery Lane, Aspen, CO; Sold Price: $7,495,000/$1,806 sq ft; unfurnished. Sold Date: 07/08/2022. Ask Price: $7,795,000. (Original Price: $7,495,000 and on the market since 02/10/2021.) This is a 2021 built, 4 bedroom/5 bath/1 half-bath, 4,150 sq ft half-duplex with 2 car garage on a 19,852 sq ft lot or 0.5 acre. Tim’s Comments: Brand new home in one of Aspen’s oldest residential neighborhoods with many 1960-1980 older homes. The location is near schools, the Aspen Recreation Center, trails, the Aspen public golf course and a convenient bus shuttle. The homes are on 3 levels with spacious, open floor plans with Henrybuilt kitchen, Italian marble countertops. The property went under contract almost a year ago during construction. They did not close until issued a City of Aspen Certificate of Occupancy. 2020 taxes: $5,500. Under Contract Date: 08/30/2021; Sold Date: 07/08/2022. (Photos and broker comments courtesy of Aspen Development Realty, LLC)
MLS # 168536 – West Aspen, 721 Cemetery Lane, Aspen, CO; Sold Price: $7,495,000/$1,771 sq ft; unfurnished. Sold Date: 07/08/2022. More details below photos.
MLS # 168536 – West Aspen, 721 Cemetery Lane, Aspen, CO; Sold Price: $7,495,000/$1,771 sq ft; unfurnished. Sold Date: 07/08/2022. Ask Price: $7,795,000. (Original Price: $7,495,000 and on the market since 02/10/2021.) This is a 2021 built, 4 bedroom/4 bath/2 half-bath, 4,231 sq ft half duplex with 2 car garage on a 19,852 sq ft lot or 0.5 acre. 2020 taxes: $5,500. Under Contract Date: 09/04/2021; Sold Date: 07/08/2022. (Photos and broker comments courtesy of Aspen Development Realty, LLC)
MLS # 168537 – West Aspen, 723 Cemetery Lane, Aspen, CO; Sold Price: $7,495,000/$1,771 sq ft; unfurnished. Sold Date: 07/08/2022. More details below photos.
MLS # 168537 – West Aspen, 723 Cemetery Lane, Aspen, CO; Sold Price: $7,495,000/$1,771 sq ft; unfurnished. Sold Date: 07/08/2022. Ask Price: $7,795,000. (Original Price: $7,495,000 and on the market since 02/10/2021.) This is a 2021 built, 4 bedroom/4 bath/2 half-bath, 4,231 sq ft half duplex with 2 car garage on a 19,852 sq ft lot or 0.5 acre. 2020 taxes: $5,500. Under Contract Date: 07/24/2021; Sold Date: 07/08/2022. (Photos and broker comments courtesy of Aspen Development Realty, LLC)
MLS # 174944- Woody Creek, TDR – TBD Woody Creek Road, Woody Creek, CO; Vacant land for sale; Sold Price: $4,500,000. Sold Date: 07/05/2022. More details below photos.
MLS # 174944- Woody Creek, TDR – TBD Woody Creek Road, Woody Creek, CO; Vacant land for sale; Sold Price: $4,500,000. Sold Date: 07/05/2022. Ask Price: $4,900,000. (Original Price: $4,900,000 and on the market since 05/11/2022). Tim’s comments: 62 acre, south facing vacant land parcel with senior water rights. The parcel allows for a 5,750 sq ft home that could be expanded to 8,250 sq ft with the purchase of (2) Transferrable Development Rights (TDR’s) allowing for an additional 2,500 sq ft per TDR . TDR’s are sold on the open market and at present are valued at $1.8-$2.0M each. The site has a water well in place and a driveway has been approved but not built. Under Contract Date: 05/21/2022; Sold Date: 07/05/2022. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
_____________
