Oct 15 – 22, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (11) + Under Contract / Pending (11)
The Estin Report: Sep 2017 Aspen Real Estate Monthly Snapshot has been posted in Current Reports.The Snapshots are usually posted on or near the 1st Monday of the month.
Sep 2017 Bottom Line
“We are on a remarkably similar path to 2015, the biggest year since the Great Recession.
– Through Sep 2017 YTD, total Aspen and SMV combined dollar sales have exceeded Sep 2015 YTD by 4.3%, $1.165B vs $1.117B.
– Unit sales are also similar: (327) in 2017 YTD vs (331) in 2015 YTD.
– And luxury sales of properties over $10M are tracking 2015: there have been (21) in 2017 YTD vs (23) in 2015 YTD.
Listing Inventory for…“ Read more
Added to Sep 2017 Snapshot Summary:
Deep Dive: Sales by Location (Pgs 7 & 9 of Snapshot)
– Aspen: Sales by Neighborhoods
– Snowmass Village: Sales by Neighborhoods
The Estin Report: Mid-Year 2017 State of Aspen Real Estate
was released in the summer 2017 in Current Reports. The 32-Page report is available on-line as PDF and in a print edition in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.
“Flip Job” Examples: See recent Before/After Redevelopment in the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (07/4/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 43, Oct 15 – 22, 2017
Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr 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. Scroll down the page for home 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 quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen real estate, the information should be here.
Closed (11): MLS#s 151254, 123794, 142752, 143711, 147040, 147324, 149532, 149868, 150197, 150273, 150735. This link is valid until 11/21/2017.
Under Contract/Pending (11): MLS#s 135052, 137608, 140087, 143526, 143528, 147097, 147766, 147966, 148579, 150269, 151152. This link is valid until 11/21/2017.
Aspen Snowmass Solds Last Week:
MLS #143711 – Castle Creek, West Aspen, 1030 N Hayden Road, Aspen, CO. Sold Price: $11,250,000/$1,045 sq ft; partial-furnished. More details below photos.
MLS #143711 – Castle Creek, West Aspen, 1030 N Hayden Road, Aspen, CO. Sold Price: $11,250,000/$1,045 sq ft; partial-furnished. Aspen single family home for sale. Ask Price: $12,900,000. (Original Price: $15,995,000 and 1,202 days on the market since 06/25/2014.) This is a 1998 built, 6 bedroom/6 bath/2 half-bath, 10,761 sq ft single family home with 2 car garage on a 10.82 acres lot. This is a beautiful home that took a long time to sell likely because log home construction and design is so out of favor at present. But these are massive logs, at a massive scale, which enhances the structures’ beauty and uniqueness in my opinion. The mountain setting is lovely as well. Broker comments are “Incredible estate built by Harriman Construction. The finest materials throughout the home, no detail missed. Majestic log trusses, amazing views of Mt Hayden, perfect layout for family. Owners receive Aspen Highlands ski passes for duration of ownership. 10 acres of privacy within a few minutes of downtown.” 2016 taxes: $29,666; HOA Dues: $1,200 per Qtr. Under Contract Date: 08/18/2017; Sold Date: 10/16/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #147040 – Park Dale Townhomes, East Aspen, 257 Park Avenue, Aspen, CO. Sold Price: $5,950,000/$1,652 sq ft; partial-furnished. More details below photos.
MLS #147040 – Park Dale Townhomes, East Aspen, 257 Park Avenue, Aspen, CO. Sold Price: $5,950,000/$1,652 sq ft; partial-furnished. Aspen single family home for sale. Ask Price: $6,299,0000. (Original Price: $6,299,000 and 346 days on the market since 11/01/2016. But it went under contract Mar 25, 2017 with a back-up contract in place.) This is a 2005 built and 2013 remodeled, 4 bedroom/3 bath/1 half-bath, 3,601 sq ft single family home with 2 car garage on a 5,763 sq ft lot. Broker comments are “Every detail has been considered in this spectacular downtown Aspen contemporary home that was significantly remodeled in 2013 and is meticulously maintained. This large corner lot enjoys all day south and western sunlight and is only an eight-minute walk to downtown via Hopkins Ave. Pedestrian Bridge, and close to Smuggler and Ute Trailheads. The main level walks out to a fenced outdoor courtyard that includes beautiful Zen gardens and a 400 sq. ft. chic cabana with TV, BBQ grill and two fire pits, perfect for entertaining. Relax in the oversized commercial built-in hot tub with automatic cover. The open master bedroom suite enjoys panoramic Aspen Mountain views from the floor to ceiling windows. Sold partially furnished..” 2015 taxes: $10,288. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/25/2017; Sold Date: 10/13/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #149532 – South Point, Central Core, 205 E Durant Avenue 3H, Aspen, CO. Sold Price: $2,100,000/$2,333 sq ft; partial-furnished. More details below photos.
MLS #149532 – South Point, Central Core, 205 E Durant Avenue 3H, Aspen, CO. Sold Price: $2,100,000/$2,333 sq ft; partial-furnished. Aspen condo for sale. Ask Price: $2,350,000. (Original Price: $2,350,000 and 126 days on the market since 06/13/2017.) This is a 2015 remodeled, 1 bedroom/1 bath/1 half-bath, 900 sq ft condo. This sale sets some sort of record for smallest downtown condo unit sale at the highest sold price per sq ft. The sale demonstrates the power of new, high quality and high contemporary designed remodel projects – like bees to honey for certain buyers. Broker comments are “Absolutely gorgeous, one of a kind Rowland and Broughton designed top floor South Point north facing condo in the core of Aspen. Easy stroll to all the Aspen action. Fabulous views of Red Mtn, Smuggler Mtn and the sunrise. Remodeled to the studs, chefs kitchen, Sub Zero/ Wolf appliances including Sub Zero Wine Fridge, water softener, steam shower, sound system throughout, gas fireplace, abundant storage, in unit washer/dryer. Garage parking, ski locker, storage room. Completed exterior renovation includes new sliding glass doors, windows, decks, railings, siding, copper mansard roof, snowmelt sidewalk/gutters, garage door, lobby area security system, security cameras and landscaping. Fabulous, divine, sexy and contemporary. Move in ready.” 2016 taxes: $3,123; HOA Dues: $4,932 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/27/2017; Sold Date: 10/17/2017. (Photos and broker comments courtesy of Engel & Völkers)
MLS #150735 – Mountain Valley, East Aspen, 6 Mountain Laurel Court 1 (Half Duplex) , Aspen, CO. Sold Price: $1,680,000/$1,126 sq ft; partial-furnished. More details below photos.
MLS #150735 – Mountain Valley, East Aspen, 6 Mountain Laurel Court Unit 1 (Half Duplex), Aspen, CO. Sold Price: $1,680,000/$1,126 sq ft; partial-furnished. Aspen duplex/half-duplex for sale. Ask Price: $1,795,000. (Original Price: $1,795,000 and 88 days on the market since 07/24/2017.) This is a 1985 built, 2015 remodeled, 1,492 sq ft duplex/half-duplex on a 20,368 sq ft lot. Broker comments are “Adorable 1/2 duplex ready to move in. Build out potential:” 2016 taxes: $1,494. Under Contract Date: 08/25/2017; Sold Date: 10/18/2017. (Photos and broker comments courtesy of Compass)
MLS #149868 – Concept 600, Central Core, 600 E Main Street 202, Aspen, CO. Sold Price: $1,615,000/$1,700 sq ft; furnished. More details below photos.
MLS #149868 – Concept 600, Central Core, 600 E Main Street 202, Aspen, CO. Sold Price: $1,615,000/$1,700 sq ft; furnished. Aspen condo for sale. Ask Price: $1,675,000. (Original Price: $1,675,000 and 103 days on the market since 07/06/2017.) This is a 1972 built and 2017 remodeled, 2 bedroom/1 bath/1 3/4-bath, 950 sq ft condo. Broker comments are “Stunning contemporary condo with Aspen Mountain views, garage and elevator. All new kitchen with Viking appliances, quartz counters, walnut cabinets, glass backsplash. White oak floors, new windows, new electrical, new plumbing fixtures, new lighting. Glass subway tile, European showers, tile floors, clean/contemporary bath fixtures in both new baths. Largest Deck in the building. Completely furnished, almost all furnishings brand new including a gas grill. 4 short blocks to the Gondola, easy rental if desired.” 2016 taxes: $2,867; HOA Dues: $9,900 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/26/2017; Sold Date: 10/17/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #150197 – Little Elk Creek, 60 Little Elk Creek, Snowmass, CO: Sold Price: $910,000/$325 sq ft. More details below photos.
MLS #150197 – Little Elk Creek, 60 Little Elk Creek, Snowmass, CO: Sold Price: $910,000/$325 sq ft. Old Snowmass single family home for sale. Ask Price: $969,000. (Original Price: $969,000 and 80 days on the market since 07/28/2017.) This is a 1979 built, 3 bedroom/2 bath, 2,797 sq ft single family home with 2 car garage on a 1.38 acres lot. Broker comments are “Calling all artists, privacy lovers, and those who are searching for a home with character! An oasis in Little Elk Creek. Main home filled with charm, including built in bookshelves, a cozy kitchen, and private deck off the main living area. One level living and all on 1.3 acres. Meander from the main house through the beautiful landscaping, and around the pond, to get to the artist’s studio plus office. Little Elk Creek is just down the road from Aspen and minutes away from shopping in the mid-valley area. Enjoy this very quiet, very special, very quaint subdivision.” 2016 Taxes: $4,106; HOA Dues: $765 per Qtr. Under Contract Date: 09/01/2017; Sold Date: 10/16/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Carbondale)
MLS #142752 – Hayden Lodge, 120 Carriage Way 2301, Snowmass Village, CO: Sold Price: $3,070,000/$1,556 sq ft; furnished. More details below photos.
MLS #142752 – Hayden Lodge, 120 Carriage Way 2301, Snowmass Village, CO: Sold Price: $3,070,000/$1,556 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $3,200,000. (Original Price: $2,975,000 and 602 days on the market since 02/22/2016.) This is a 3 bedroom/3 bath, 1,973 sq ft condo. Broker comments are “This is the ‘Pole Position’ ‘Front Row’ ‘Creme de la Creme’ all wrapped into one. This top floor Hayden Penthouse offers unequalled views of the ski slopes, extensive outdoor decks for dining and entertaining as well as the most luxurious finishes in the Village. There is no equal. For those that seek the very best in views, style, and location, this one stands out from the rest.” 2016 Taxes: $19,601; HOA Dues: $7,842 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/23/2017; Sold Date: 10/16/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #150273 – Ridge Run, 44 North Ridge Lane Unit A, Snowmass Village, CO: Sold Price: $844,500/$611 sq ft; unfurnished. More details below photos.
MLS #150273 – Ridge Run, 44 North Ridge Lane Unit A, Snowmass Village, CO: Sold Price: $844,500/$611 sq ft; unfurnished. Snowmass Village duplex/half-duplex for sale. Ask Price: $847,500. (Original Price: $847,500 and 98 days on the market since 07/14/2017.) This is a 1976 built, 3 bedroom/3 bath, 1,381 sq ft duplex/half-duplex on a 35,473 sq ft lot. Broker comments are “Light and bright 1/2 Duplex on North Ridge Lane and located within the Aspen School District. Southern exposure provides afternoon sun to the living space,large deck and the very private back yard area.Lives and feels much larger due to the cathedral ceilings and numerous skylights throughout. Easy to show on a moments notice.” 2016 Taxes: $1,874; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/14/2017; Sold Date: 10/20/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #151254 – Top of Village, 855 Carriage Way Leaf 303, Snowmass Village, CO: Sold Price: $750,000/$694 sq ft; furnished. More details below photo.
MLS #151254 – Top of Village, 855 Carriage Way Leaf 303, Snowmass Village, CO: Sold Price: $750,000/$694 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $750,000. (Original Price: $750,000 and on the market since 10/12/2017.) This is a 1974 built and 1990 remodeled, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are “Top-floor, east-facing property, just off the elevator. Lovely views of Dawdler ski trail and toward Continental Divide. Rated ‘Deluxe’ by management.” 2016 Taxes: $2,902; HOA Dues: $14,150 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/12/2017; Sold Date: 10/12/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)
MLS #123794 – Sanctuary @ SMV, 0134 Snowmass Club, Snowmass Village, CO: Sold Price: $615,000/$284 sq ft; furnished. More details below photos.
MLS #123794 – Sanctuary @ SMV, 0134 Snowmass Club, Snowmass Village, CO: Sold Price: $615,000/$284 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $950,000. (Original Price: $1,745,000 and 2,115 days on the market since 12/29/2011.) This is a 2003 built, 3 bedroom/3 bath/1 half-bath, 2,165 sq ft condo with 1 car garage. Broker comments are “Opportunity to own a fully owned Residence within the Sanctuary building of the Residences at Snowmass Club. Enjoy all of the services of an upscale hotel combined with the amenities and privileges of an exclusive country club. Access to 19,000 square foot athletic club, transportation vehicles and use of all amenities within the Snowmass Club. Front desk, concierge, bell staff, underground parking, 13 tennis courts, daily housekeeping, owner storage area etc… **Taxes are Included within HOA Dues.” HOA Dues: $26,849 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/23/2017; Sold Date: 10/16/2017. (Photos and broker comments courtesy of Alpine Real Estate, Inc)
MLS #147324 – Snowmass Mountain, 55 Upper Woodbridge Road A-3, Snowmass Village, CO: Sold Price: $465,000/$465 sq ft; furnished. More details below photos.
MLS #147324 – Snowmass Mountain, 55 Upper Woodbridge Road A-3, Snowmass Village, CO: Sold Price: $465,000/$465 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $485,000. (Original Price: $540,000 and 321 days on the market since 12/01/2016.) This is a 1973 built, 2 bedroom/2 bath, 1,000 sq ft condo. Broker comments are “Corner location, sweet 2 bedrooms/2 baths in the A Building above the pool with south-facing incredible views from Independence Pass to the Snowmass ski area! So many amenities in this neighborhood, pool, hot tub, sauna, storage, trails, club room, assigned parking, owner storage, stackable washer/dryer inside unit, fireplace redone, comfortable furnishings and just a happy place.” 2016 Taxes: 1,616; HOA Dues: $2,204 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/27/2017; Sold Date: 10/18/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)
Recent Estin Report tweets on Aspen Real Estate
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Disclaimer: The statements made in the Estin Report represent the opinions of the author and they should not be relied upon exclusively to make real estate decisions. Information concerning particular real estate opportunities can be requested from Aspen real estate broker agent Tim Estin at 970.309.6163 or by email. A potential buyer is advised to make an independent investigation of the market and of each property before deciding to purchase. Your opinions may be different. To the extent the statements made herein report facts or conclusions drawn 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 and the information provided is subject to change. The Estin Report is copyrighted 2017 and all rights are reserved. Use is permitted subject to the following attribution with an active link to the source: “The Estin Report by broker Tim Estin MBA, GRI on Aspen real estate.“
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