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 37, September 6 – 13, 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 (10):MLS #’s:139773,137876,130061,132236,134065,136431,137113,138429,139822,140939. This link is valid until 10/13/2015.
Under Contract/Pending (15):MLS#’s:137150,137559,138012,139241,140037,140076,140086,140230,140370,140500,140916,140917,140947,140948,140949. This link is valid until10/13/2015.
Aspen Snowmass Solds Last Week:
MLS #138429 – Red Mtn Ranch, Red Mountain, 1940 Red Mountain Road, Aspen, CO. Sold Price: $8,990,000/$2,216 sq ft; furnished. More details below photos.
MLS #138429 – Red Mtn Ranch, Red Mountain, 1940 Red Mountain Road, Aspen, CO. Sold Price: $8,990,000/$2,216 sq ft; furnished.Asking Price: $9,995,000. (Original Price: $9,995,000 and 161 days on the market since 04/01/2015.) This is a 1976 built and 1996 remodeled, 4 bedroom/5 bath/1 half-bath, 4,056 sq ft Single Family Home with 1 car garage on a 30,474 sq ft lot. Broker comments are “RED MOUNTAIN RANCH This property is situated on a premier location within Red Mountain Ranch, one of Aspen’s most sought-after residential neighborhoods. The south-facing home enjoys all-day sun and dead-on views of Aspen Mountain. More than 4000 square feet of heated living area, fabulous outdoor entertainment spaces and cascading lawns complement this amazing property.” 2014 Taxes: $12,001; HOA Dues: TBD. Under Contract Date: 07/02/2015; Sold Date: 09/09/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #137113 – West Aspen, 1345 Sierra Vista Drive, Aspen, CO. Sold Price: $5,000,000/$779 sq ft; unfurnished. More details below photos.
MLS #137113 – West Aspen, 1345 Sierra Vista Drive, Aspen, CO. Sold Price: $5,000,000/$779 sq ft; unfurnished.Asking Price: $5,195,000. (Original Price: $5,850,000 and 255 days on the market since 12/23/2014.) This is a 1992 built and 2006 remodeled, 6 bedroom/6 bath/1 half-bath, 6,413 sq ft Single Family Home with 2 car garage on a 16,016 sq ft lot. Broker comments are “Exceptional, spacious family home in West Aspen. Huge yard with a seasonal stream and pond. Remodeled down to the studs in 2006 by Rowland Broughton and Rudd construction. 5 bedrooms with baths all above grade plus an adjoining caretaker’s unit with its own entrance. Great separate entertaining spaces include media room, play room, and oversized deck. 2+ car garage has room for workshop or tuning skis and still plenty of room to store all your gear.” 2014 Taxes: $11,355. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/05/2015; Sold Date: 09/04/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #137876 – Starwood, McLain Flats, 602 Eppley, Aspen, CO. Sold Price: $4,062,500/$813 sq ft; unfurnished. More details below photos.
MLS #137876 – Starwood, McLain Flats, 602 Eppley, Aspen, CO. Sold Price: $4,062,500/$813 sq ft; unfurnished.Asking Price: $4,295,000. (Original Price: $4,295,000 and 968 days on the market since 05/22/2009.) This is a 1983 built and 1990 remodeled, 4 bedroom/4 bath/1 half-bath, 4,996 sq ft Single Family Home with 2 car garage on a 232,175 sq ft lot. Broker comments are “One of the very best view properties in Starwood, this exquisitely-maintained contemporary home on five acres is a genuine jewel. Virtually every room enjoys stunning panoramas of the Continental Divide and all 4 ski areas. Features include beveled and stained glass, skylights, a glorious great room with bar, a magnificent master suite, and generous touches of stone, granite and marble throughout. Beautifully landscaped with pool and irrigation stream. Located near the end of a quiet cul-de-sac and extremely private in Aspen’s only gated community.” 2014 Taxes: $20,699; HOA Dues: $307 per Yr. Under Contract Date: 06/26/2015; Sold Date: 09/09/2015. (Photos and broker comments courtesy of Aspen Snowmass Properties|BJ Adams and Company – Aspen)
MLS #130061 – Meadowood, West Aspen, 174 Larkspur Lane, Aspen, CO. Sold Price: $2,830,000/$1,058 sq ft; unfurnished. More details below photos.
MLS #130061 – Meadowood, West Aspen, 174 Larkspur Lane, Aspen, CO. Sold Price: $2,830,000/$1,058 sq ft; unfurnished.Asking Price: $2,850,000. (Original Price: $2,850,000 and 1,110 days on the market since 03/21/2012.) This is a 1973 built, 4 bedroom/3 bath/1 half-bath, 2,674 sq ft Single Family Home on a 25,265 sq ft lot. Broker comments are “One of Meadowood’s finest, flat, easy to develop, .58 acre corner lots. The 4 bed, 3 bath home can be lived in as is. It offers spectacular views and easy walking distance to the District School Campus. This existing 2,674 sqft home can be expanded to a legal 3,289 sqft and adding the FAR bonus (unique to Meadowood) of 2,528 sqft, you can create the perfect compound with a total of 5,877 sqft above ground. Below ground additions of up to 4,000 sqft can be added with GMP or TDRs, for a very rare 9,877sqft, with easy access to open meadows, tennis courts and pond. Your architect, builder and family will all love your having chosen this unique building site, tennis courts and pond. Your architect, builder and family will all love your having chosen this unique building site.” 2014 Taxes: $12,513. Under Contract Date: 08/03/2015; Sold Date: 09/09/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hunter)
MLS #140939 – Fox Crossing, Smuggler, 553 & 541 Race Alley 273707392006, Aspen, CO. Vacant lot sale. Sold Price: $2,070,000. More details below photo.
MLS #140939 – Fox Crossing, Smuggler, 553 & 541 Race Alley 273707392006, Aspen, CO. Vacant lot sale. Sold Price: $2,070,000.Asking Price: $2,070,000. (Original Price: $2,070,000 and on the market since 09/01/2015.) This is a 11,693 sq ft vacant lot. No broker comment. 2014 Taxes: $15,521. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/01/2015; Sold Date: 09/01/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #139773 – Riverside, Central Core, 1024 E Cooper Avenue 7, Aspen, CO. Sold Price: $875,000/$962 sq ft; unfurnished. More details below photos.
MLS #139773 – Riverside, Central Core, 1024 E Cooper Avenue 7, Aspen, CO. Sold Price: $875,000/$962 sq ft; unfurnished.Asking Price: $995,000. (Original Price: $995,000 and 75 days on the market since 06/26/2015.) This is a 1970 built and 2007 remodeled, 3 bedroom/2 bath, 909 sq ft condo. Broker comments are “This spacious two level corner unit is open, airy and bright with lots of natural light from the large windows. Upstairs bedroom with full bath has a deck with Aspen Mountain Views and separate entrance creating great rental option. Within walking distance to everything in Aspen. Building exterior is undergoing a facelift (sanding, repainting, repairing/replacing wood trim, replacing balconies). All special assessments have been paid.” 2014 Taxes: $2,055; HOA Dues: $1,268 per Qtr. Under Contract Date: 08/26/2015; Sold Date: 09/09/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)
MLS #132236 – Townsite of Aspen, Central Core, 300 S Spring Street Unit 101, Aspen, CO. Sold Price: $725,000 sq ft. More details below photos.
MLS #132236 – Townsite of Aspen, Central Core, 300 S Spring Street Unit 101, Aspen, CO. Sold Price: $725,000 sq ft.Asking Price: $695,000. (Original Price: $708,645 and 932 days on the market since 02/26/2013.) This is a 1969 built, 595 sq ft commercial industrial on a 6,054 sq ft lot. Broker comments are “Outstanding commercial space 1 block from City Market and across from the new Aspen Art Museum in the heart of Aspen. Mixed use zoning allows for a service in this superior bright 1st floor location. Recently renovated exterior interior finishes. Garage parking for $110,000 and storage is available for purchase.” 2012 Taxes: $4,344; HOA Dues: $530. Under Contract Date: 04/06/2015; Sold Date: 09/10/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #139822 – Old Snowmass, 4070 Lower River Road, Snowmass, CO: Sold Price: $279,000/$552 sq ft; unfurnished. More details below photos.
MLS #139822 – Old Snowmass, 4070 Lower River Road, Snowmass, CO: Sold Price: $279,000/$552 sq ft; unfurnished.Asking Price: $279,000. (Original Price: $279,000 and 78 days on the market since 06/22/2015.) This is a 1964 built, 1 bedroom/1 bath, 505 sq ft Condo. Broker comments are “Affordable 1 bedroom condo with private balcony overlooking the Roaring Fork River. Beautifully maintained complex and grounds with large common riverfront deck to enjoy morning coffees or evening BBQs and sunsets. The condo has a gas log fireplace, open floor plan, roomy bathroom, storage area in the basement and a parking space. Common laundry; owners may have a dog. Ride your bike on the Rio Grande to Aspen or Basalt, take the free shuttle bus or drive the back road to Aspen and avoid highway traffic. HOA fees include unit heat! Makes a great home or rental property.” 2014 Taxes: $459; HOA Dues: $332 per Month. Under Contract Date: 07/01/2015; Sold Date: 09/08/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #134065 – Wild Oak, Snowmass Village, 800 Oak Ridge Road, Snowmass Village, CO: Sold Price: $4,790,000/$747 sq ft; furnished. More details below photos.
MLS #134065 – Wild Oak, Snowmass Village, 800 Oak Ridge Road, Snowmass Village, CO: Sold Price: $4,790,000/$747 sq ft; furnished. Asking Price: $4,995,000. (Original Price: $5,995,000 and 1,511 days on the market since 05/12/2011.) This is a 2002 built, 4 bedroom/4 bath/2 half-bath, 6,800 sq ft Single Family Home with 2 car garage on a 202,554 sq ft lot. Broker comments are “Big views and end of the road privacy in a superior custom built home. Located on 5 acres & surrounded by open space, this intimate, yet spacious home is thoughtfully designed with huge windows to capture views of the Continental Divide, Aspen Mountain, Highlands & Buttermilk. Just minutes to the Snowmass ski area, Snowmass Club Golf Course & Athletic Club & endless hiking & biking trails. Located in the Aspen school district, only 15 minutes from downtown Aspen, this is a classic timeless designed family home. The front entry opens to 20-foot ceilings, which span from the great room into the formal dining area. The gourmet kitchen with top of the line appliances offers a breakfast area and cozy family room. Two wood-burning fireplaces, Ponderosa Pine log accents imported from Montana, integral plaster walls, and distressed oak hardwood flooring give this property a warm, mountain-home feel. All four en-suite bedrooms enjoy great views, as well as the home office and lower level entertaining area. 250-bottle wine room, full bar area, home office and a gym & yoga room are just a few of the extras you will love at this impeccably maintained home.” 2014 Taxes: $16,871; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/29/2015; Sold Date: 09/08/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)
MLS #136431 – Horse Ranch, Snowmass Village, 41 Colt Circle, Snowmass Village, CO: Sold Price: $2,375,000/$801 sq ft; partial-furnished. More details below photos.
MLS #136431 – Horse Ranch, Snowmass Village, 41 Colt Circle, Snowmass Village, CO: Sold Price: $2,375,000/$801 sq ft; partial-furnished. Asking Price: $2,595,000. (Original Price: $2,695,000 and 329 days on the market since 10/16/2014.) This is a 1993 built and 2011 remodeled, 4 bedroom/4 bath, 2,963 sq ft Single Family Home with 2 car garage on a 15,700 sq ft lot. Broker comments are “Four bedroom, 4 bath Horse Ranch house has expansive views of ski areas and Independence Pass. Lots of sun. Open floor plan has lovely flow between living, kitchen and dining areas. Recent remodel includes new kitchen with granite counters and Sub-zero, Wolf and Asko appliances. Two fireplaces. Guest bedrooms located on different levels for privacy. Fourth bedroom currently used as an office. Upper story sunny deck and ground-level patio with hot tub adjacent to the family room invite outdoor entertainment. Convenient location near Snowmass Golf Club. Largest lot on Colt Circle and adjacent to open space. Easy ski access via free Snowmass shuttle at end of driveway. Offered unfurnished or partially furnished by inventory. Virtual tour.” 2013 Taxes: $4,357; HOA Dues: $190 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/27/2015; Sold Date: 09/10/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
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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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