The Estin Report: August and Summer 2015 Aspen Snowmass Market Snapshot(s)were posted 09/06/15 inCurrent Reports. Included is an exectuive summary for summer 2015 activity and key year-to-date stats. The Snapshots are released on or near the 1st Monday of the month.

The 1st Half 2015 State of the Aspen Market Report is in process.

See recent Before/After redevelopment‘flip job’ examplesin Miscellaneous Info at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (08/24/15) as additional re-sale properties come on the market at significantly higher prices.

Last week’s Aspen and Snowmass sales activity appears below. Scroll down the page for 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 search the 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, the information should be here.

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Market Activity Week 36, August 30 – September 6, 2015

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass 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.

Closed (13):MLS #’s:127935,139923,135572,140112,140841,136400,138884,134574,134977,139247,136930,121790,140030. This link is valid until 10/05/2015.

Under Contract/Pending (14):MLS#’s:137226,139411,130716,135753,135960,136022,136309,138274,139518,139628,139880,139985,140412,140654. This link is valid until10/05/2015.

Aspen Snowmass Solds Last Week:

MLS #136930 – Red Mountain, 255 Hunter Creek Road, Aspen, CO. Sold Price: $11,700,000/$1,305; unfurnished. More details below photos.

MLS #136930 – Red Mountain, 255 Hunter Creek Road, Aspen, CO. Sold Price: $11,700,000/$1,305; unfurnished.Asking Price: $13,850,000. (Original Price: $13,900,000 and 277 days on the market since 12/01/2014.) The property sold for cash at a 15% discount to ask price: it was put under contract on 8/28/15 and closed seven days later on 9/4/15…this shows the power of cash and a quick closing. The average $10-$15M single family sale in the past 6 months sold at 92% of ask. This is a 1991 built and 1996 remodeled, 6 bedroom/7 bath/1 half-bath, 8,965 sq ft single family home with 3 car garage on a 40,975 sq ft lot. Broker comments are “This contemporary Red Mountain home has spacious entertaining areas, spectacular views and the living space that has over 8,950 square feet above grade. This home is ready for that customer to remodel the home for their finishes and needs. There are not many homes on Red Mountain with such great open spaces. When your client has large parties, the Hunter Creek parking lot is right next door. Besides the three car garage there is parking for at least 5 additional parking spaces on site. The home has short term renters and it requires 24 hour notice to show, some holiday days are excluded for showings.” 2013 Taxes: $24,208. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/28/2015; Sold Date: 09/04/2015. (Photos and broker comments courtesy of Aspen Sales & Rentals)

MLS #140841 (Post sale MLS entry) – West End, 300 Lake Avenue, Aspen, CO. Sold Price: $9,160,000/$1,962. Off-market sale. Not in MLS. More details below photo.

MLS #140841 (Post Sale MLS entry) – West End, 300 Lake Avenue, Aspen, CO. Sold Price: $9,160,000/$1,962.Asking Price: $9,160,000. (Original Price: $9,160,000 on the market since 08/31/2015.) Off-market sale, not in MLS. The property was purchased by a developer and will be re-listed soon at a signifigantly higher price. This is a 1990 built, 4 bedroom/4 bath/1 half-bath, 4,668 sq ft Single Family Home with 1 car garage on a 6,500 sq ft lot overlooking Aspen’s prized Hallam Lake. This is a premier, 5-star location that cannot arguably be beat. No broker comment. 2015 Taxes: $14,210. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/31/2015; Sold Date: 08/31/2015. (Photos and broker comments courtesy of Aspen Associates Realty Group LLC)

MLS #139247 – Maroon Creek Club, West Aspen, 386 Pfister Drive, Aspen, CO. Sold Price: $8,800,000/$972; furnished. More details below photos.

MLS #139247 – Maroon Creek Club, West Aspen, 386 Pfister Drive, Aspen, CO. Sold Price: $8,800,000/$972; furnished.Asking Price: $9,250,000. (Original Price: $10,250,000 and 103 days on the market since 09/03/2015.) The sellers paid $9M in Dec 2012 for the property. This is a 2008 built, 5 bedroom/6 bath/1 half-bath, 9,046 sq ft Single Family Home with 2 car garage on a 27,344 sq ft lot. Broker comments are “386 Pfister Drive exceeds the standards of luxury. An architectural statement, this 5 bedroom 6.5 bath intimate mountain estate is nestled among the Aspen trees on Tiehack Mountain and expresses distinct contemporary styling, flawless furnishings and finishes and state of the art technology. Enjoy views captured from Red Mountain, Hunter Creek and Tiehack. Features include; soaring ceilings, massive timber work, exceptional entertainment spaces, open floor plan, upper level Grand Master Bedroom, theatre & game room bar, exercise room, 1,417 bottle capacity wine room, walk-out flagstone patio with beautiful stone waterfall and 6 gas fireplaces. Ski access to and from Oregon Trail. Truly an extraordinary turnkey finished estate.” 2014 Taxes: $20,602; HOA Dues: $5,280 per Year. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/03/2015; Sold Date: 09/02/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #121790 – Red Mountain, 100 Red Mountain Road, Aspen, CO. Sold Price: $8,450,000/$1,300; unfurnished. More details below photos.

MLS #121790 – Red Mountain, 100 Red Mountain Road, Aspen, CO. Sold Price: $8,450,000/$1,300; unfurnished.Asking Price: $8,950,000. (Original Price: $10,950,000 and 1,450 days on the market since 06/30/2011.) This is a 2008 built, 4 bedroom/3 bath/2 half-bath, 7,000 sq ft Single Family Home with 2 car garage on a 46,417 sq ft lot. Broker comments are “Elegant country home. Beautifully situated at the base of Red Mtn with views facing Aspen Mt., this lovely home consists of four bedrooms, three full, two half baths, gourmet kitchen, library, media room, exercise room and theater. Wide walnut flooring, vaulted ceilings and Rumford fireplaces. Other amenities include outdoor gas fire pit and stone patio. A five minute walk to town”. 2011 Taxes: $25,630. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/10/2015; Sold Date: 09/01/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #140030 – Central Core, 625 E Main Street Unit 201, Aspen, CO. Sold Price: $7,250,000/$2,571. More details below photos.

MLS #140030 – Central Core, 625 E Main Street Unit 201, Aspen, CO. Sold Price: $7,250,000/$2,571.Asking Price: $7,495,000. (Original Price: $7,495,000 and 54 days on the market since 07/10/2015.) The property was purchased by the owner of the two other free market residential units which are both Penthouses (Unit #301: 3B/3.5Ba, 3,041 sq ft, purchased on 09/13/13 at $8M/$2,623 sq ft and Unit #302: 4B/3.5Ba, 3,296 sq ft, purchased on 08/13/13 at $8.4M/$$2,654 sq ft.) The sellers of Unit 201 paid $5.75M on 07/24/13. This is a 2012 built, 3 bedroom/3 bath/1 half-bath, 2,819 sq ft Condo with 2 car garage. Broker comments are “Simply stunning Aspen core condo with direct views of Aspen Mtn. Impeccably finished and smartly designed this 3br 3 ½ ba unit redefines the mountain/urban experience. Floor to ceiling Nano doors allow the main living space to open seamlessly onto the 400 ft heated decks. Separate media room, central A/C, elevator, 2-car garage and Savant AV System help make this an outstanding property and a rare find.” 2015 Taxes: $12,968; HOA Dues: $4,635 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/06/2015; Sold Date: 09/02/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #136400 – West End, 100 E Bleeker St, Aspen, CO. Sold Price: $6,775,000/$1,633; unfurnished. More details below photos.

MLS #136400 – West End, 100 E Bleeker St, Aspen, CO. Sold Price: $6,775,000/$1,633; unfurnished.Asking Price: $6,995,000. (Original Price: $7,450,000 and 1,167 days on the market since 05/24/2012.) This is a 2008 built, 5 bedroom/4 bath/2 half-bath, 4,147 sq ft Single Family Home with 2 car garage on a 3,000 sq ft lot. Broker comments are “Victorian meets contemporary in the West End corner location just blocks from the central core of Aspen. This five-bedroom home defines restrained elegance with attention to detail and a soothing color palette. Completed in 2008, the residence speaks luxury and sophistication from the moment you step into the entry. The voluminous living room leads to an open kitchen complete with top of the line appliances, slab marble countertops and island – here’s where your day begins and is the center of entertaining. The dining room shares a pass-through fireplace with the living room. The upstairs private master suite adjoins a small office and an outdoor terrace with impressive views of Aspen Mountain. 24 hour notice for all showings.” 2011 Taxes: $9,755. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/11/2015; Sold Date: 08/31/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #140112 – West Aspen, 880 Bonita Drive A, Aspen, CO. Sold Price: $1,950,000/$1,020; unfurnished. More details below photos.

MLS #140112 – West Aspen, 880 Bonita Drive A, Aspen, CO. Sold Price: $1,950,000/$1,020; unfurnished.Asking Price: $1,950,000. (Original Price: $1,950,000 and 48 days on the market since 07/15/2015.) This is a 1969 built and 2005 remodeled, 3 bedroom/3 bath, 1,911 sq ft Duplex/Half Duplex on a 8,415 sq ft lot. Broker comments are “Perfect three bedroom three bath half a duplex with room to grow. Enchanting park-like yard with a lovely seasonal stream that opens to a pond. Spacious deck is perfect for entertaining. Open floor plan features an airy kitchen with Center Island, dining area and a wood-burning fireplace. Off street parking and plans for a third level addition are available.” 2015 Taxes: $3,380. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/17/2015; Sold Date: 09/01/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #134574 – Good Thunder, Central Core, 125 E Hyman Avenue 2-A, Aspen, CO. Sold Price: $995,000/$1,124; furnished. More details below photos.

MLS #134574 – Good Thunder, Central Core, 125 E Hyman Avenue 2-A, Aspen, CO. Sold Price: $995,000/$1,124; furnished.Asking Price: $1,100,000. (Original Price: $1,175,000 and 436 days on the market since 06/01/2014.) This is a 1 bedroom/1 bath/1 half-bath, 885 sq ft Townhouse. Broker comments are “Beautiful 1-bedroom plus one large sleeping loft with private courtyard pleasantly located in Aspen’s central core! This immaculate townhome is dedicated to both lifestyle and complete convenience! It’s time to allow yourself to enjoy this fully furnished, turn-key, quiet, two-level end unit townhome with exceptional views and sunsets. Good storage space available inside and secure storage outside within the private courtyard. Good Thunder Condominiums is a quiet complex consisting of 8 separate units. Each unit lives very independently and is unique in design. The grounds are beautifully maintained and HOA dues are exceptionally reasonable.” 2014 Taxes: $1,561; HOA Dues: $311 per month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/23/2015; Sold Date: 09/01/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #135572 – Pines @ Owl Crk, Snowmass Village, 389 Pine Crest Drive, Snowmass Village, CO: Sold Price: $7,800,000/$1,397 sq ft; furnished. More detail below photos.

MLS #135572 – Pines @ Owl Crk, Snowmass Village, 389 Pine Crest Drive, Snowmass Village, CO: Sold Price: $7,800,000/$1,397 sq ft; furnished.Asking Price: $8,250,000. (Original Price: $8,250,000 and 399 days on the market since 07/29/2014.) This is a 2001 built, 5 bedroom/4 bath/1 half-bath, 5,582 sq ft Single Family Home with 2 car garage on a 31,363 sq ft lot. Broker comments are “Absolutely perfect! Pines lot 46 is set on a private parcel in the heart of The Pines with Snowmass Mountain views, direct ski-in/ski-out access, and endless hiking from the home. Designer Robert Trown captured the ambiance of a modern day mountain lodge with exceptional quality & design in this approximately 5,500 sq ft, 5 bedroom, 5.5 bath retreat. Exterior sunken hot tub, picture perfect waterfall, impeccable landscaping, 2 car garage, elevator, and air conditioning complete the home.” 2015 Taxes: $21,260; HOA Dues: $5,700 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/04/2015; Sold Date: 09/01/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #134977 – Country Club, Snowmass Village, 89 Beaver Court, Snowmass Village, CO: Sold Price: $2,391,900/$794 sq ft; partial-furnished. More details below photos.

MLS #134977 – Country Club, Snowmass Village, 89 Beaver Court, Snowmass Village, CO: Sold Price: $2,391,900/$794 sq ft; partial-furnished.Asking Price: $2,625,000. (Original Price: $2,690,000 and 440 days on the market since 06/20/2014.) This is a 1999 built and 2005 remodeled, 5 bedroom/4 bath/1 half-bath, 3,011 sq ft Single Family Home with 2 car garage on a 16,179 sq ft lot. Broker comments are “Serene. Private. Welcoming. Warm. Bliss. 89 Beaver Court is a pleasant surprise tucked away along the east fork of Brush Creek. Listen to the babbling stream, the whisper of the aspen trees and let the surroundings envelope you. Memories are surely to be made at this home. An inviting family room opens to an over-sized deck. Keep it all to yourself or entertain to your heart’s content. Quality construction and finishes are complemented by a smart floorplan. Special touches like a large hot tub, wired sound throughout the house, a snowmelt driveway and ample storage round out this perfect mountain retreat.” 2014 Taxes: $5,265; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/23/2015; Sold Date: 09/03/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #139923 – Wildridge, Snowmass Village, 13 Wildridge Lane, Snowmass Village, CO: Sold Price: $1,485,000/$496 sq ft; unfurnished. More details below photos.

MLS #139923 – Wildridge, Snowmass Village, 13 Wildridge Lane, Snowmass Village, CO: Sold Price: $1,485,000/$496 sq ft; unfurnished.Asking Price: $1,485,000. (Original Price: $1,485,000 and 57 days on the market since 07/06/2015.) This is a 1980 built, 4 bedroom/4 bath, 2,990 sq ft Single Family Home with 2 car garage on a 18,703 sq ft lot. Broker comments are “Amazing views from this bright and happy family home perfect for an Aspen School District buyer. Mature gardens and trees all sprinkled and irrigated. Great floor plan with stone fireplace and windows everywhere. Walk just a bit to hike, bike or snowshoe the coveted Rim Trail of Snowmass. Aspen school bus stops at corner of Sinclair & Meadow Rd & Dial-A-Ride is an option during the winter season to get to the slopes. With a little vision and TLC this could be the place to raise a family or an opportunity to have vacation home.” 2014 Taxes: $3,185; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/25/2015; Sold Date: 09/01/2015. (Photos and broker comments courtesy of Aspen Snowmass Properties|BJ Adams and Company-SMV)

MLS #138884 – Meadow Ranch, Snowmass Village, 241 Meadow Ranch D2-A, Snowmass Village, CO: Sold Price: $795,000/$458 sq ft; furnished. More details below photos.

MLS #138884 – Meadow Ranch, Snowmass Village, 241 Meadow Ranch D2-A, Snowmass Village, CO: Sold Price: $795,000/$458 sq ft; furnished.Asking Price: $795,000. (Original Price: $825,000 and 101 days on the market since 05/06/2015.) This is a 1976 built, 3 bedroom/2 bath/1 half-bath, 1,735 sq ft Duplex/Half Duplex. Broker comments are “Ideally located 3 bedroom 1/2 duplex with views of the iconic Mt. Daly. Close to hiking, biking, cross country skiing, golf and all that Snowmass has to offer. Super easy Village Shuttle access to skiing, community center and shopping. Just perfect for a family seeking to be in the Aspen School District. Very livable floor plan – spacious and bright with wood burning fireplace and new hot tub. Low HOA dues, more than 500 sf of storage space with handy outside entrance. Approved building plans to expand into the crawl space if more living area is needed. Affordable mountain living at its best!” 2014 Taxes: $2,015; HOA Dues: $1,518 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/03/2015; Sold Date: 09/01/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #127935 – Wood Run Place Condos, Snowmass Village, 425 Wood Road #42, Snowmass Village, CO: Sold Price: $350,000/$421 sq ft; furnished. More details below photos.

MLS #127935 – Wood Run Place Condos, Snowmass Village, 425 Wood Road #42, Snowmass Village, CO: Sold Price: $350,000/$421 sq ft; furnished.Asking Price: $395,000. (Original Price: $499,000 and 760 days on the market since 12/07/2012.) This is a 1983 built and 2014 remodeled, 1 bedroom/2 bath, 831 sq ft Condo on a 831 sq ft lot. Broker comments are “Brand new custom remodel completed December 2014! Beautiful finishes including: hardwood floors, alder cabinets, granite throughout and designer furnishings. There is no better value for a newly remodeled unit in Snowmass Village! Amenities include on-site management, heated pool and jacuzzi, ski lockers/shop, direct ski access!” 2011 Taxes: $1,524; HOA Dues: $18,500 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/29/2015; Sold Date: 08/28/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

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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 2015 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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