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 38, September 13 – 20, 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 (14):MLS #’s:137345, 135487, 128301, 134537, 134805, 137042, 138274, 138912, 139404, 139518, 139553, 139630, 139654, 140037. This link is valid until 10/19/2015.

Under Contract/Pending (12):MLS#’s:137639, 121285, 130746, 132514, 134850, 136996, 139265, 139606, 139609, 140203, 140778, 141049. This link is valid until10/19/2015.

Aspen Snowmass Solds Last Week:

MLS #138274 – Eagle Pines, West Aspen, 300 Eagle Pines Drive, Aspen, CO. Sold Price: $11,000,000/$802 sq ft; furnished. More details below photos.

MLS #138274 – Eagle Pines, West Aspen, 300 Eagle Pines Drive, Aspen, CO. Sold Price: $11,000,000/$802 sq ft; furnished. Asking Price: $12,400,000. (Original Price: $12,900,000 and 275 days on the market since 07/11/2014. The seller paid $13.5M for the property on 04/09/14. Talk about a costly change of mind…-19%) This is beautiful home and a great deal. It is a 2001 built and 2013 remodeled, 9 bedroom/9 bath/3 half-bath, 13,699 sq ft Single Family Home with 3 car garage on a 338,897 sq ft lot. Broker comments are “Surrounded by Aspen groves on a beautiful alpine ridge 500 feet above Aspen, this stunning contemporary ski-in/ski-out estate features spectacular views of Aspen and Hunter Creek while offering extraordinary privacy. Nearly 8 acres directly border Buttermilk Ski area and the Owl Creek Nordic Ski Trail. Recently remodeled with further extras in process. Ask listing broker for details. One of a kind.” 2013 Taxes: $42,353; HOA Dues: $1,000 per Qtr. Under Contract Date: 08/31/2015; Sold Date: 09/15/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #137042 – Ute Addition, Central Core, 861 Ute Avenue, Aspen, CO. Sold Price: $10,500,000/$2,071 sq ft; furnished. More details below photos.

MLS #137042 – Ute Addition, Central Core, 861 Ute Avenue, Aspen, CO. Sold Price: $10,500,000/$2,071 sq ft; furnished. Asking Price: $10,995,000. (Original Price: $11,450,000 and 273 days on the market since 12/16/2014.) This is a gorgeous, excellently located 2012 built, 5 bedroom/5 bath/1 half-bath, 5,070 sq ft Single Family Home with 1 car garage on a 5,153 sq ft lot. Broker comments are “This is an extremely rare opportunity to own a single family home 200 yards from Ajax mountain. This newly built 5 bed, 5.5 bath mountain minimal Bowden designed home is a one of a kind. You have a stream, views of Ajax, walking distance to everywhere in town, but a garage of you do decide to drive. Snow melted decks & driveway, antique oak hardwood, Wolf & Sub Zero appliances, a hot tub and much more. This house also boasts being the perfect entertainer with a open flowing living and kitchen area.” 2012 Taxes: $14,740. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/01/2015; Sold Date: 09/15/2015. (Photos and broker comments courtesy of Bowden Properties)

MLS #140037 – Red Mtn Ranch, Red Mountain, 209 Hunter Creek Road, Aspen, CO. Sold Price: $9,700,000/$2,157 sq ft; furnished. More details below photos.

MLS #140037 – Red Mtn Ranch, Red Mountain, 209 Hunter Creek Road, Aspen, CO. Sold Price: $9,700,000/$2,157 sq ft; furnished. Asking Price: $9,950,000. (Original Price: $9,950,000 and 63 days on the market since 07/08/2015.) This is a 1986 built, 4 bedroom/4 bath/1 half-bath, 4,496 sq ft Single Family Home with 2 car garage on a 31,363 sq ft lot. This sale is all about the lot – an older home on a supreme 2/3 acre front row Red Mtn lot. Broker comments are “For those who must have the best lot in the best neighborhood in the best town in the world! Top-of-the-world, unencumbered front row 180 degree views from this Red Mountain Ranch house will take your breath away. The lot offers great privacy, but also quick access to downtown Aspen. The existing 4,496 sq ft house was built in a timeless contemporary style and may be lived in as is, remodeled to your taste, or removed to make way for a new 8,000+ sq ft house with the addition of a TDR.” See Existing Conditions Map. 2014 Taxes: $11,864; HOA Dues: $1,544 per Yr. Under Contract Date: 08/27/2015; Sold Date: 09/09/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #139553 – Eastwood, East Aspen, 228 Eastwood Drive, Aspen, CO. Sold Price: $6,050,000/$1,611 sq ft; furnished. More details below photos.

MLS #139553 – Eastwood, East Aspen, 228 Eastwood Drive, Aspen, CO. Sold Price: $6,050,000/$1,611 sq ft; furnished. Asking Price: $6,500,000. (Original Price: $6,500,000 and 98 days on the market since 06/08/2015.) This is a 1971 built and 2015 beautifully remodeled in a modern euro, alpine chalet style, very chic, 6 bedroom/5 bath/1 half-bath, 3,754 sq ft single family home with 2 car garage on a 15,592 sq ft lot. The seller/designer has exquisite taste and the property showed beautifully. Many buyers coveted and referenced this property and it sold within 3 months. Broker comments are “This modern Aspen retreat is a 6 bedroom home located less than a mile from downtown Aspen. The homeowner took this home originally built in 1971 down to the studs and designed a “home with flow” whether entertaining friends or her own teenage children and their friends, the great light, open floor plan, expansive decks, generous back yard, perfectly sited hot tub and proximity to town make this the perfect four season property. Nestled in a grove of Aspen trees the homeowner brought the “inside out” and the “outside in” taking her cue from the surrounding Aspen landscape with fine organic finishes and a soft palette of whites, greys and natural wood materials. As you enter through the front door, you immediately know you are in a home of distinct character. There is a generous en-suite guest master off the entry with north and east views providing guests a private and invigorating room of their own. In the great room there are wide-planked, white oak flooring and vaulted, wood clad ceilings with elegant white exposed beams; a perfect compliment to the snow peaked Aspen Mountain winter view. There is a pool table, fireplace with a slate surround and the south facing glass sliding doors open up to a deck with couches and a firepit for additional outdoor living. The kitchen and dining area are true to form and function with top of the line appliances and a hidden butler’s pantry leading to the two-car garage. All 4 remaining bedrooms are on the homes lower level. The master bedroom and bath make the homeowner feel they are living in an enchanted forest. Walk out to the backyard and hot tub and the grove of Aspen’s. A den off the master has its own bath and can easily be a sixth bedroom. Each additional bedroom is designed with their own individual character and never with compromise. This home truly has it all, a tasteful modern look, open floor plan and close proximity to downtown Aspen!” 2014 Taxes: $5,167. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/29/2015; Sold Date: 09/14/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)

MLS #134537 – River Bluff, Smuggler, 155 Lone Pine 12, Aspen, CO. Sold Price: $2,875,000/$1,615 sq ft; unfurnished. More details below photos.

MLS #134537 – River Bluff, Smuggler, 155 Lone Pine 12, Aspen, CO. Sold Price: $2,875,000/$1,615 sq ft; unfurnished. Asking Price: $3,075,000. (Original Price: $2,695,000 and 506 days on the market since 06/26/2013.) This is a 1972 built and 2005 remodeled, 3 bedroom/3 bath, 1,780 sq ft Townhouse with 2 car garage. Lone Pine Street is located behind Clark’s Market just east of the base of Red Mountain Road. Many of the River Bluff Townhomes offer fantastic Aspen Mountain views and walking proximity to downtown. While the exterior of the complex could use updating, this is an often overlooked complex due to its “Smuggler area” location, an incorrect and unjustified rap by some condescending few. Broker comments are “This gorgeous, recently remodeled three bedroom, three bath townhome enjoys fantastic views directly of Aspen Mountain. Featuring warm interiors and beautiful furnishings, this wonderful townhome has a gourmet kitchen, dining area and floor-to-ceiling doors that open to the private patio. The master suite enjoys vaulted ceilings, private deck facing Aspen Mountain, and a spacious walk-in closet. This end unit townhome enjoys the most private location in River Bluff Complex, with a wrap-around outdoor patio areas with great views. Located just a short walk to downtown Aspen, steps to fabulous hiking trails, and the shuttle route for easy ski access. A renovation in progress for the outside of the complex to be completed end of August.” 2013 Taxes: $4,868; HOA Dues: $1,500 per Month. Under Contract Date: 06/24/2015; Sold Date: 09/15/2015. (Photos and broker comments courtesy of Whitman Fine Properties)

MLS #138912 – Townsite of Aspen, West End, 706 W Main Street, Aspen, CO. Sold Price: $2,280,000/$1,111 sq ft; unfurnished. More details below photos.

MLS #138912 – Townsite of Aspen, West End, 706 W Main Street, Aspen, CO. Sold Price: $2,280,000/$1,111 sq ft; unfurnished. Asking Price: $2,395,000. (Original Price: $2,395,000 and 220 days on the market since 07/02/2014.) This is a 1900 built and 2010 remodeled, 3 bedroom/3 bath, 2,300 sq ft single family home with 1 car garage on a 5,000 sq ft lot. Main Street location but can’t beat the in-town house living price. Broker comments are “Welcome home to this classic, Aspen West End two-story Victorian built in 1900 yet extensively renovated in 2010. Conveniently located just a short walk to the Music Tent, Aspen Institute and skier shuttle bus stops, this 3 bedroom, 3 bathroom home has no below grade living space, exudes warmth and charm and enjoys an open floor plan with abundant windows to bring in the sunshine. On the main floor you will find a roomy living room with wood floors, wood-burning stove and separate dining room, sweet kitchen with Heartland refrigerator and other stainless appliances, two en-suite bedrooms, small office with own entrance and bright sunroom whose uses are limitless. Upper level has private, north-facing master suite with updated bath, gas fireplace, balcony and great mountain views. You will love outdoor entertaining on the lovely stone patio and your children and pets are safe in the fenced back and front yards. Oversized single car garage plus tons of room in the basement and full attic for all your storage needs. Other features include covered deck, perennial flowerbeds, vegetable and herb garden and mature trees and shrubs.Zoned Mixed Use which allows residential and commercial uses; separate entrances in both the front bedroom and office could be set up for office use. An affordable Aspen School District single family home!” 2014 Taxes: $3,589. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/16/2015; Sold Date: 09/14/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #139630 – Aspen Townhouse by River, Central Core, 1050 Waters Avenue #13, Aspen, CO. Sold Price: $1,350,000/$1,719 sq ft; furnished. More details below photos.

MLS #139630 – Aspen Townhouse by River, Central Core, 1050 Waters Avenue #13, Aspen, CO. Sold Price: $1,350,000/$1,719 sq ft; furnished. Asking Price: $1,450,000. (Original Price: $1,450,000 and 215 days on the market since 06/09/2014.) This is a 1972 built and 2008 remodeled, 2 bedroom/1 bath/1 half-bath, 785 sq ft Condo. Superb river frontage in a well located but old, funky looking complex. Broker comments are “Enjoy the sounds of the river from your living room, or step out onto a private deck that overhangs the river. This newly remodeled 2-bedroom 1.5 bath riverfront condominium comes fully furnished and turn-key with 14-foot vaulted ceilings and floor-to-ceiling windows in the main living area. Located in a quiet residential neighborhood only two blocks from downtown Aspen and four blocks to the Gondola. The complex is adjacent to the Silver Glo Condominiums. (See next property sale below.)” 2014 Taxes: $2,227; HOA Dues: $721 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/22/2015; Sold Date: 09/17/2015. (Photos and broker comments courtesy of Frias Properties of Aspen)

MLS #139518 – Silver Glo, Central Core, 940 Waters Avenue 207 & 107, Aspen, CO. Sold Price: $1,290,000/$791 sq ft; furnished. More details below photos.

MLS #139518 – Silver Glo, Central Core, 940 Waters Avenue 207 & 107, Aspen, CO. Sold Price: $1,290,000/$791 sq ft; furnished. Asking Price: $1,250,000. (Original Price: $1,348,900 and 2,259 days on the market since 02/22/2007.) This is a 1970 built, 5 bedroom/3 bath, 1,630 sq ft Condo. This is all about space, bedrooms and value. A large rental group’s delight. This is likely one of the last recession carry-over deals. Broker comments are “Fantastic opportunity to own a 5 bedroom unit in the Core just 4 blocks from the gondola! This two story unit is in good condition and is move in ready. It features a wood burning fire place, hard wood floors, granite in the kitchen and a private deck. The Silverglo has many amenities including a shuttle service, front desk, on site management, a pool and sauna on site lockers, and free parking.” 2014 Taxes: $2,901; HOA Dues: $3,828 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/31/2015; Sold Date: 09/16/2015. (Photos and broker comments courtesy of McKinley Sales)

MLS #139404 – Hunter Creek, Smuggler, 1119 Vine Street, Aspen, CO. Sold Price: $579,500/$742 sq ft; unfurnished. More details below photos.

MLS #139404 – Hunter Creek, Smuggler, 1119 Vine Street, Aspen, CO. Sold Price: $579,500/$742 sq ft; unfurnished. Asking Price: $599,000. (Original Price: $629,000 and 104 days on the market since 06/05/2015.) This is a 1980 built, 2 bedroom/1 bath, 780 sq ft Condo. Broker comments are “Attractively located ground floor condo. This quiet, two-bedroom, one-bath condo is close to the Hunter Creek amenities which include pool, two hot tubs and tennis courts. Enjoy easy living!” 2014 Taxes: $1,044; HOA Dues: $313 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/18/2015; Sold Date: 09/17/2015. (Photos and broker comments courtesy of Hunter Creek Properties)

MLS #137345 – Alpine Grove, West Aspen, 420 A Pacific Avenue, Aspen, CO. Sold Price: $340,000/$770 sq ft; unfurnished. More details below photos.

MLS #137345 – Alpine Grove, West Aspen, 420 A Pacific Avenue, Aspen, CO. Sold Price: $340,000/$770 sq ft; unfurnished. Asking Price: $355,000. (Original Price: $365,000 and 241 days on the market since 01/20/2015.) This is a 1973 built and 2003 remodeled, 1 bedroom/1 bath, 441 sq ft Condo. Broker comments are “Ground floor one bedroom, one bath with spacious deck that walks out to garden and pool area. Upgrades include Bosch washer and dryer, custom floor to ceiling built-in storage in bedroom. Views of Aspen Mountain from bedroom. Close to bus, grocery, restaurants and 5 minutes to downtown Aspen.” 2014 Taxes: $448; HOA Dues: $747 per Qtr. Under Contract Date: 08/05/2015; Sold Date: 09/18/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #134805 – Country Club Villas, Snowmass Village, 150 Snowmass Club Circle Unit #1624, Snowmass Village, CO: Sold Price: $630,000/$586 sq ft; furnished. More details below photos.

MLS #134805 – Country Club Villas, Snowmass Village, 150 Snowmass Club Circle Unit #1624, Snowmass Village, CO: Sold Price: $630,000/$586 sq ft; furnished. Asking Price: $659,000. (Original Price: $659,000 and 1,190 days on the market since 12/19/2011.) This is a 1987 built, 2 bedroom/2 bath, 1,074 sq ft Condo. Broker comments are “Beautifully decorated corner unit, with extra windows and spectacular view of Mt. Daly. Upgraded furnishings and electronics. Ready to move in. Comes with Snowmass Club membership. An easy walk across the street to enjoy golf, tennis, pools and the 20,000 sf athletic club. Can be rented long or short term, pets allowed by owner.” 2014 Taxes: $1,678; HOA Dues: $3,122 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/18/2015; Sold Date: 09/17/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #139654 – Tamarack, Snowmass Village, 135 Carriage Way 10, Snowmass Village, CO: Sold Price: $480,000/$515 sq ft; furnished. More details below photos.

MLS #139654 – Tamarack, Snowmass Village, 135 Carriage Way 10, Snowmass Village, CO: Sold Price: $480,000/$515 sq ft; furnished. Asking Price: $525,000. (Original Price: $525,000 and 87 days on the market since 06/19/2015.) This is a 1969 built, 2 bedroom/2 bath, 932 sq ft Condo. Broker comments are “Beautifully appointed and immaculately kept, this 2 bedroom townhome enjoys wooded privacy at the Tamarack Townhomes. The first floor includes a completely remodeled kitchen, living room and guest bathroom. The upper level enjoys a large master suite with it’s own fireplace and master bathroom. The property is offered furnished and turn-key. Tamarack is adjacent to the Base Village Ski Area and has excellent options for shopping and dining. This property has a superior rental history as well. Tamarack has its own private pool and two hot tub spas on property.” 2014 Taxes: $1,530; HOA Dues: $10,140 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/27/2015; Sold Date: 09/14/2015. (Photos and broker comments courtesy of Sotheby’s International Realty-Snowmass Village)

MLS #135487 – Snowmass Mountain Condos, Snowmass Village, 55 Upper Woodbridge Road I-4, Snowmass Village, CO: Sold Price: $430,000/$432 sq ft; furnished. More details below photos.

MLS #135487 – Snowmass Mountain Condos, Snowmass Village, 55 Upper Woodbridge Road I-4, Snowmass Village, CO: Sold Price: $430,000/$432 sq ft; furnished. Asking Price: $449,000. (Original Price: $525,000 and 419 days on the market since 07/21/2014.) This is a 1973 built and 1996 remodeled, 2 bedroom/2 bath, 995 sq ft Condo. Broker comments are “Fabulous views from this fresh, spacious & sunny 2 bedroom. Catch the free-shuttle out your door to hit the slopes in just minutes. After a great day on the slopes relax in the heated pool & hot tub. Amenities: New sauna, hot tub, pool, exercise room, community room, washer/dryer & assigned parking. Convenience, quality & views make this the perfect place to be any season of the year. *Condominium Quarterly Assessments: $1805 incl Regular Assessment $1374 plus Major Maintenance Assessment (Reserve) $431;in addition, Common Utility Assessment is billed quarterly but varies per quarter (actual 1st qtr $168; 2nd qtr $186; 2014 total $838).” 2014 Taxes: $1,214; HOA Dues: $1,991 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/13/2015; Sold Date: 09/14/2015. (Photos and broker comments courtesy of Aspen Snowmass Properties|BJ Adams and Company-SMV)

MLS #128301 – Terrace House, Snowmass Village, 65 Campground 80, Snowmass Village, CO: Sold Price: $413,000/$454 sq ft; furnished. More details below photos.

MLS #128301 – Terrace House, Snowmass Village, 65 Campground 80, Snowmass Village, CO: Sold Price: $413,000/$454 sq ft; furnished. Asking Price: $439,900. (Original Price: $529,000 and 978 days on the market since 01/10/2013.) This is a 1972 built and 2010 remodeled, 2 bedroom/2 bath, 908 sq ft Condo. Broker comments are “Located directly between the new Base Village and the Mall, the Terrace House complex has a great location to skiing and restaurants. This nicely renovated condo has a very warm feel and is a great place to hang your hat while enjoying everything Snowmass has to offer. Soak your tired bones after a hard day of skiing in the over sized outdoor hot tub. As an owner you also have access to the Stonebridge’s heated pool, hot tubs and work out facility.” 2013 Taxes: $1,639; HOA Dues: $9,104. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/12/2015; Sold Date: 09/15/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

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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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