Aspen Real Estate Market Last Week’s Sales: June 19 – 26, 22 – Week 25
Closed (12): MLS#s: 172107, 175602, 175650, 175304, 175651, 175102, 160164, 175071, 161680, 173842, 173912, 174925. This link is valid until 7/26/2022.
Under Contract/Pending (8): MLS#s: 175466, 175517, 173908, 173654, 175428, 175217, 175679, 175558. This link is valid until 7/26/2022.
Sold Properties Last Week:
MLS # 172107 – West End, 925 North Street, Aspen, CO; Sold Price: $11,400,000/$ 2,467 sq ft; unfurnished. Sold Date: 06/21/2022. More details below photos.
MLS # 172107 – West End, 925 North Street, Aspen, CO; Sold Price: $11,400,000/$ 2,467 sq ft; unfurnished. Sold Date: 06/21/2022. Ask Price: $14,000,000. (Original Price: $14,000,000 and on the market since 09/21/2021.) This is a 1976 built, 5 bedroom/4 bath/1 half-bath/1 3/4-bath, 4,620 sq ft single family home with 2 car garage on a 9,000 sq ft lot, or 0.21 acre. Tim’s comments: This is the longtime second home of one of Aspen’s most important benefactor to the arts. The design is architecturally interesting for its period but most would conclude a significant updating is necessary, if one chooses to keep the existing structure. The value therefore is primarily in the rare oversized 9,000 sq ft lot located within a short walk to the epicenter of Aspen’s cultural base, the Aspen Institute and the Aspen Music Festival. [A similar property at 622 W Smuggler (MLS 172587) – a 1985 built/2004 remodel 5 bdrm/5 ba 2,230 sf home on a corner 9,000 sq ft lot – sold on Oct 4, 2021 at $11.5M/$5,336 sf to a developer. Oversized 9,000 lots in the City of Aspen are rare and can be split into (2) 4,500 sq ft lots. The developer has done that and created two new properties that are for sale priced pre-construction at $22.5M/$5,305 sf (MLS 174219) and $22.5/$5,341 sf (MLS 174237). For additional information, please contact Tim Estin at 970-309-6163 or email]. $2021 taxes: $15,270. Under Contract Date: 01/28/2022; Sold Date: 06/21/2022. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
MLS # 175602 – Brush Creek Village, 295 Upper Ranch Road, Aspen, CO; Sold Price: $2,550,000/$1,785 sq ft; unfurnished. Sold Date: 06/17/2022. More details below photos.
MLS # 175602 – Brush Creek Village, 295 Upper Ranch Road, Aspen, CO; Sold Price: $2,550,000/$1,785 sq ft; unfurnished. Sold Date: 06/17/2022. Ask Price: $2,750,000. (Original Price: $2,750,000 and on the market since 06/20/2022.) This is a 1972 built and 2016 remodeled, 3 bedroom/3 bath, 1,428 sq ft single family home with 2 car garage on a 90,604 sq ft lot, or 2.08 acres. Tim’s comments: The property was sold off-market. Brush Crk Village is located half-way between Aspen and Snowmass Village on a hillside overlooking Hwy 82/Brush Crk Rd intersection at the Brush Creek Bus Intercept Lot. 2021 taxes: $5,240; HOA Dues: $1,148. Under Contract Date: 02/25/2022; Sold Date: 06/17/2022. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
MLS # 175650- East Aspen, TDR – Transferrable Development Right, Aspen, CO; Vacant land for sale; Sold Price: $1,900,000. Sold Date: 06/22/2022. More details below photos.
MLS # 175650- East Aspen, TDR, Aspen, CO; Vacant land for sale; Sold Price: $1,900,000. Sold Date: 06/22/2022. Ask Price: $2,000,000. (Original Price: $2,000,000 and on the market since 06/22/2022). Tim’s comments: A TDR is a Transferrable Development Right that is sold on the free market by the owner of a Pitkin County approved “sterilized” vacant land that can’t be developed, also known as the sending site, to a buyer who then applies the TDR to a designated receiving site allowing for up to an additional 2,500 sq ft to be added to a property. TDR’s are worth 2,500 sq ft of additional floor area. From 2010 to 2020, the price per TDR was $180,000-$250,000; at present (Jun 2022) the price has spiked to $2M-$2.4M. Reason for the increase? There are a limited number of TDR’s available and given uncertainty about anticipated changes in the Pitkin County Land Use Code (LUC) and overall Covid related interest in Aspen properties, the demand for TDR’s and adding 2,500 sq ft to the buildout potential of a property has been huge. See A Primer to the Pitkin County LUC by Tim Estin (In June 2022, there are anticipated changes unknown at present coming to the LUC). Under Contract Date: 07/14/2021; Sold Date: 06/22/2022. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s HM)
MLS # 175651- East Aspen, TDR- Transferrable Development Right, Aspen, CO; Vacant land for sale; Sold Price: $1,200,000. Sold Date: 06/22/2022. More details below photos.
MLS # 175651- East Aspen, TDR – Transferrable Development Right, Aspen, CO; Vacant land for sale; Sold Price: $1,200,000. Sold Date: 06/22/2022. Ask Price: $1,250,000. (Original Price: $1,250,000 and on the market since 06/22/2022). Tim’s comments: A TDR is a Transferrable Development Right that is sold on the free market by the owner of a Pitkin County approved “sterilized” vacant land that can’t be developed, also known as the sending site, to a buyer who then applies the TDR to a designated receiving site allowing for up to an additional 2,500 sq ft to be added to a property. TDR’s are worth 2,500 sq ft of additional floor area. From 2010 to 2020, the price per TDR was $180,000-$250,000; at present (Jun 2022) the price has spiked to $2M-$2.4M. Reason for the increase? There are a limited number of TDR’s available and given uncertainty about anticipated changes in the Pitkin County Land Use Code (LUC) and overall Covid related interest in Aspen properties, the demand for TDR’s and adding 2,500 sq ft to the buildout potential of a property has been huge. See A Primer to the Pitkin County LUC by Tim Estin (In June 2022, there are anticipated changes unknown at present coming to the LUC). Under Contract Date: 10/22/2021; Sold Date: 06/22/2022. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 175304 – Hunter Creek, Smuggler, 950 Vine Street Unit 950, Aspen, CO; Sold Price: $1,800,000/$1,759 sq ft; partial furnished. Sold Date: 06/24/2022. More details below photos.
MLS # 175304 – Hunter Creek, Smuggler, 950 Vine Street, Aspen, CO; Sold Price: $1,800,000/$1,759 sq ft; partial furnished. Sold Date: 06/24/2022. Ask Price: $1,850,000. (Original Price: $1,850,000 and on the market since 06/03/2022.) This is a 1980 built and 2021 remodeled, 3 bedroom/2 bath, 1,023 sq ft condo. Tim’s comments: Least expensive 3 bedroom condo in Aspen in the Hunter Creek Condominiums campus which includes amenities such as pool, tennis courts, two hot tubs, shared outdoor grills, plenty of storage and a continuous running bus shuttle in and around town – RFTA Hunter Creek Bus – that runs every 20 minutes from 6:25AM – 2:00AM. 2021 taxes: $2,103; HOA Dues: $12,600. Under Contract Date: 06/05/2022; Sold Date: 06/24/2022. (Photos and broker comments courtesy of Engel & Volkers)
MLS # 175102 – Hunter Creek, Smuggler, 1001 Vine Street Unit 1001, Aspen, CO; Sold Price: $895,000/$1,316 sq ft; unfurnished. Sold Date: 06/21/2022. More details below photos.
MLS # 175102 – Hunter Creek, Smuggler, 1001 Vine Street Unit 1001, Aspen, CO; Sold Price: $895,000/$1,316 sq ft; unfurnished. Sold Date: 06/21/2022. Ask Price: $850,000. (Original Price: $850,000 and on the market since 05/20/2022.) This is a 1985 built and 2022 remodeled, 1 bedroom/1 bath, 680 sq ft condo. Tim’s comments: Recently remodeled ground floor one bedroom Aspen condo. Least expensive 1 bedroom condo in Aspen located in the Hunter Creek Condominiums campus which includes amenities such as pool, tennis courts, two hot tubs, shared outdoor grills, plenty of storage and a continuous running bus shuttle in and around town – RFTA Hunter Creek Bus – that runs every 20 minutes from 6:25AM – 2:00AM. 2021 taxes: $1,328; HOA Dues: $8,580. Under Contract Date: 05/22/2022; Sold Date: 06/21/2022. (Photos and broker comments courtesy of Cheryl & Co. Real Estate, LLC)
MLS # 160164- Castle Creek, West Aspen, TBD Aspen Mt Road, Aspen, CO; Vacant land for sale – Aspen Mountain Mining Claim; Sold Price: $800,000. Sold Date: 01/27/2022. More details below photos.
MLS # 160164- Castle Creek, West Aspen, TBD Aspen Mt Road, Aspen, CO; Vacant land for sale; Sold Price: $800,000. Sold Date: 01/27/2022. Ask Price: $1,600,000. (Original Price: $1,200,000 and on the market since 07/01/2019) This is a 52 acre, or 2,241,000 sq ft. Tim’s comments: This is a large sized parcel of mining claims – (6) claims merged into (1) – on the backside of Aspen Mountain bordering Ruthies Run ski trail on the upper part of the mountain. Excellent views of the Castle Creek and the Roaring Fork Valley from the proposed building site which has septic and water systems installed. This area is zoned Rural and Remote and allows for limited building rights. Mining claims are typically 10 acres and allow for (1) 1,000 sq ft structure (cabin). Only one 1,000 sq ft structure is allowed on this property that at one time was owned by Aspen character, sometimes fraudster, Jim Blanning. The low price is due to the property being tied up in court for two years. There was a back-up offer for $2.1M if the court case through. 2018 taxes: $1,733. Under Contract Date: 04/05/2021; Sold Date: 01/27/2022. (Photos and broker comments courtesy of John D. Walla, Broker)
MLS # 175071 – Inn At Aspen, West Aspen, 38750 Highway 82 Unit 2220, Aspen, CO; Sold Price: $376,000/$1,083 sq ft (with living and rental restrictions); furnished. Sold Date: 06/24/2022. More details below photos.
MLS # 175071 – Inn At Aspen, West Aspen, 38750 Highway 82 Unit 2220, Aspen, CO; Sold Price: $376,000/$1,083 sq ft; furnished. Sold Date: 06/24/2022. Ask Price: $315,000. (Original Price: $315,000 and on the market since 05/18/2022.) This is a 1969 built and 2016 remodeled, 1 bath, 347 sq ft condo. Tim’s comments: The Inn at Aspen is located at the base of Buttermilk Ski Area between the roundabout and the Pitkin County airport west of town. This is a second floor unit facing south towards the ski mountain. Amenities include front desk management, ski in / ski out access, hot tub, pool, exercise area, conference rooms and a ground level restaurant, Home Team BBQ. There is an on-site shuttle bus to the airport and into town. There are owner rental restrictions: Unit must be in the Inn at Aspen Inn management short term rental pool. No outside rental companies, and owners are not allowed to live at the property full time. 2021 taxes: $576; HOA Dues: $7,410. Under Contract Date: 05/20/2022; Sold Date: 06/24/2022. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 161680 – Ridge Run, Snowmass Village, 172 Antler Ridge Lane, Snowmass Village, CO; Sold Price: $4,560,000/$895 sq ft; furnished. Sold Date: 06/22/2022. More details below photos.
MLS # 161680 – Ridge Run, Snowmass Village, 172 Antler Ridge Lane, Snowmass Village, CO; Sold Price: $4,560,000/$895 sq ft; furnished. Sold Date: 06/22/2022. Ask Price: $5,063,000. (Original Price: $5,300,000 and on the market since 10/09/2019.) This is a 2001 built and 2017 remodeled, 5 bedroom/5 bath/2 half-bath, 5,091 sq ft single family home with 2 car garage on a 43,124 sq ft lot, or 0.99 acre. Tim’s comments: If it looks like a deal in this current market, it is a deal. Turn-key mountain contemporary home, recently remodeled in 2017, with ski in / ski out access and Snowmass Mountain views. 2019 taxes: $14,771; HOA Dues: $100. Under Contract Date: 03/17/2021; Sold Date: 06/22/2022. (Photos and broker comments courtesy of Engel & Volkers)
MLS # 173842 – Country Club Villas, Snowmass Village, 150 Snowmass Club Circle 1617, Snowmass Village, CO; Sold Price: $1,550,000/$1,241 sq ft; unfurnished. Sold Date: 06/17/2022. More details below photos.
MLS # 173842 – Country Club Villas, Snowmass Village, 150 Snowmass Club Circle 1617, Snowmass Village, CO; Sold Price: $1,550,000/$1,241 sq ft; unfurnished. Sold Date: 06/17/2022. Ask Price: $1,795,000. (Original Price: $2,350,000 and on the market since 02/28/2022.) This is a 1987 built, 3 bedroom/3 bath, 1,248 sq ft condo. Tim’s comments: Recently updated 1st floor corner unit bordering the golf course and x-c ski trail and excellent quick access to the Snowmass Club facilities offering tennis, golf, spa and health-fitness center. Amazing views of Mt. Daly and the Snowmass Ski Mountain. Under Contract Date: 05/20/2022; Sold Date: 06/17/2022. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
MLS # 173912 – Seasons 4 Condos, Snowmass Village, 35 Lower Woodbridge Road 127G, Snowmass Village, CO; Sold Price: $775,000/$1,126 sq ft; unfurnished. Sold Date: 06/17/2022. More details below photos.
MLS # 173912 – Seasons 4 Condominiums, Snowmass Village, 35 Lower Woodbridge Road 127G, Snowmass Village, CO; Sold Price: $775,000/$1,126 sq ft; unfurnished. Sold Date: 06/17/2022. Ask Price: $799,000. (Original Price: $799,000 and on the market since 03/04/2022.) This is a 1971 built and 2007 remodeled, 1 bedroom/1 bath, 688 sq ft condo. Tim’s comments: Convenient Snowmass 1-bedroom condo renovated in 2007. Parking is in front of the unit and Snowmass bus shuttle is nearby. 2021 taxes: $1,380; HOA Dues: $5,664. Under Contract Date: 04/22/2022; Sold Date: 06/17/2022. (Photos and broker comments courtesy of Berkshire Hathaway Home Services Signature Properties)
MLS # 174925 – Stonebridge Condominiums, Snowmass Village, 30 Anderson Lane 710, Snowmass Village, CO; Sold Price: $750,000/$1,047 sq ft; furnished. Sold Date: 06/23/2022. More details below photos.
MLS # 174925 – Stonebridge, Snowmass Village, 30 Anderson Lane 710, Snowmass Village, CO; Sold Price: $750,000/$1,047 sq ft; furnished. Sold Date: 06/23/2022. Ask Price: $750,000. (Original Price: $750,000 and on the market since 05/10/2022.) This is a 1969 built, 1 bedroom/1 bath, 716 sq ft condo with assigned car garage. Tim’s comments: Most convenient turn-key 1-bedroom ski in /ski out Snowmass Ski Mountain condo located with direct ski access between the shops and restaurants on the Snowmass Mall and the new Snowmass Base Village. 2021 taxes: $1,593; HOA Dues: $9,220. Under Contract Date: 05/12/2022; Sold Date: 06/23/2022. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
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