Sept. 18 – 25, 11: Aspen Snowmass Real Estate Weekly Market Update Report – Closed (7) and Under Contract (3)

Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly or semi-annually, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds with the button on the left.

Last Week’s Market Highlights –Aspen Snowmass Real Estate Weekly Sales Statistics and Under Contract Activity appears below for the upper Roaring Fork Valley for all property types over $250,000 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve an archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (3): MLS #106220, 116713, 120280, 116889, 113727, 120946, 12321. This link is valid or 30 days until 10/24/2011. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (7): MLS #106220, 116713, 120280, 116889, 113727, 120946, 12321. This link is valid or 30 days until 10/24/2011.

Select Sold Aspen Properties Last Week

MLS # 116889 – East Aspen single family home, 173 Skimming Ln, Aspen CO: Sold Price: $7,000,0000/$1,314 sq ft unfurnished; Ask Price: $7,450,000. (Original Price: $7,995,000 and 462 days on the market since 06/16/2010.) This is a stunning 2010 built contemporary home with 4 bedrooms/4 baths/2 half baths, 5,324 sq ft on .44 acres with 2-car garage. It is located on western portion of Mountain Valley area with beautiful southwest views of the town of Aspen, Aspen Mountain and Mt Sopris/Sunsets. The broker’s comments are, “Zone 4 Architecture & Brikor Construction combined resources & paid attention to every detail when creating this gorgeous contemporary home! The exterior features dry stack Oklahoma pioneer stone with solid mahogany, 1130 square feet of open & covered decks, generous yard, irrigation stream, and great southern exposure. The interior features exceptional craftsmanship throughout, open floor plan, bold yet warm contemporary design, private office, lighting system, electronic mesh shades, elevator, Italian porcelain tile & veneer cabinetry, state of the art A/V system, humidification system, A/C, radiant heat, walk-out patios off every bedroom, hot tub, fire pit, extensive snowmelt, & winter views of Aspen Mtn. Just 7/10 of a mile to downtown Aspen!” 2010 Taxes: $17,043 Yr. Under Contract Date: 08/07/11; Sold Date: 09/21/11. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS # 120280 – Snowmass single family home, 350 Spruce Ridge Ln, Snowmass Village, CO: Sold Price: $3,500,000/$728 sq ft unfurnished. (More details and description below the photos.)

MLS # 120280 – Snowmass single family home, 350 Spruce Ridge Ln, Snowmass Village, CO: Sold Price: $3,500,000/$728 sq ft unfurnished; Ask Price: $4,750,000. (Original Price $7,000,000 and 497 days on the market since 10/15/09. It was withdrawn from the market for a 6 month period.) This is a 2000 built, 5 bedroom/4.5 bath, 5,425 sq ft mountain home on 1.65 acres with a 2-car garage. The broker’s comments are, “Exceptional opportunity to own a ski-in/ski-out home in the prestigious Pines Neighborhood; without the sticker shock. This 5 bedroom home is privately nestled into the Aspen Groves with views of the ski trail, open space, and surrounding mountain range. Robert Trown designed and custom finishes throughout include granite slab counters in the kitchen and baths, reclaimed wide plank oak flooring, high soaring ceilings, integral plaster, generously sized master and guest master suites both with spacious bathrooms and walk-in closets. This is the DEAL that your buyers have been asking about. The next lowest price home in The Pines is more than $3,000,000 more, at $7.9M. Sold As-Is and unfurnished.” 2010 Taxes: $22,802 Yr; HOA Dues: $5,404 YR. Under Contract Date:08/29/11; Sold Date: 09/21/11. Town of Snowmass Transfer Tax of 1% payable by buyer. (Photos and description courtesy of Chaffin Light Real Estate Snowmass Village.)

MLS 113727 – Brush Creek Village subdivision, 1599 Juniper Hill Rd, Aspen, CO: Sold Price: $2,150,000/$662 sq ft unfurnished. (More details and description below the photos.)

MLS 113727 – Brush Creek Village subdivision, 1599 Juniper Hill Rd, Aspen, CO: Sold Price: $2,150,000/$662 sq ft unfurnished; Ask Price: $2,750,000. (Original Price: $4,200,000 and approx. 1,575 days on/off the market since 06/01/2007. It has been under contract since Jan 3, 11.) This is a 1977 built/2007 remodeled, 4 bedroom/3.5 bath, 3,487 sq ft home with 2-car garage on 2.37 acres. The broker’s comments are, “3487 square foot main house has a 100 year old barnwood exterior and includes an attached 1 bed/ 1 bath guest house with kitchen & separate entrance. State of the art integrated media system, fully automated lighting/heating/AV system, gourmet kitchen, den w/7 ft wide high def projection TV screen, walnut floors, custom millwork and doors, floor to ceiling windows with automated shades, master suite with separate his and hers dressing rooms, marble bath and steam shower, heated garage with workshop and 300 sq ft of attic space…5750 sq ft allowable FAR. The large fenced yard has new landscaping with mature trees, a creek runs through the property and Colorado buff stonework is exhibited throughout the exterior patios. Flat driveway with room to park multiple cars. Impeccable views of Independence Pass and Aspen Mountain complete the package.” 2009 Taxes: $6,898 Yr; HOA Dues: $300 Qtr. Under Contract Date: 01/03/2011′ Sold Date: 09/22/11. (Photos and description courtesy of Amy Doherty Properties.)

MLS 106220 – ONE OF ‘TOP BEST DEALS OF 2011′: Well-preserved older Starwood single family home with great mountain views, 92 Eppley Dr, Aspen, CO: Sold Price: $2,200,000/$515 sq ft partially furnished. More details and description below the photos.

MLS 106220 – Well-preserved older Starwood single family home with great mountain views, 92 Eppley Dr, Aspen, CO: Sold Price: $2,200,000/$515 sq ft partially furnished; Ask Price: $2,400,000. (Original Price: $4,500,000 and on the market 1,164 days since 07/08/2008.) This is one of the best “deals” to close in 2011…a 1981 built/1984 remodeled 4 bedroom/3.5 bath, 4,270 sq ft home in excellent condition with 2-car garage on 2 acres. The broker’s comments are, “Very well-maintained older (but immaculate) home on one of Starwood’s best lots. Four bedrooms, three-and-one-half baths, plus nice office and work-out room, spacious heated garage. Exceptional views. Lot is heavily vegetated with mature trees. Backs up to National Forest. Very private and quiet. Compare this to what you can buy in Aspen.” 2009 Taxes: $11,474 Yr; HOA Dues: $248 YR. Under Contract Date: 07/14/11; Sold Date: 09/15/11. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

Links to recent market articles and report:

“Sales of Colorado Mountain Resort Homes in July Lowest in Years”, 09/09/11 Business Section, Denver Post
“Mega-mansion Deals Spur Rebound in Aspen Market”, 07/17/11 Sunday Business, Grand Junction Sentinel
The Estin Report: 1st Half 2011 State of the Aspen Market (released 07/14/11)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s AspenRealEstateBlog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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