The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (11) and Under Contract / Pending (10): Sept 23 – 30, 2012

Scroll down page for photos and details of sold and under contract (pending) Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to the blog archives and search by date. Or use SearchEstinAspen to search by topic, address, date etc. If it’s about Aspen real estate, it should be here.

(Photo credit: Today, Nancy Patton atop Watson Divide Rd on her way to see her horse Peanut at Lazy O Ranch in Old Snowmass )

The Estin Report: August 2012 Market Snapshot Aspen Snowmass Real Estate (link to exec. summary , full charts and tables. See Pg 2 for Summer 2012 versus Summer 2011 comparison.) rev. v6 posted Sept. 4, 12.

Excerpt: Summer 2012 compared to summer 2011:

Posted Sept. 4, 12. The Estin Report © August 2012 www.EstinAspen.com

Last Week’s Market Activity – 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 . 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 sales in the past month, scroll down; for earlier dates, use the down arrow and search by time period.

Soon-to-be-released: The Estin Report: September 2012 Aspen Market Snapshot and The Estin Report: 3Q 2012 State of the Aspen Market

Under Contract / Pending (10): MLS #: 126200, 125715, 127130, 125145, 125725, 124644, 125708, 121679, 122008, 124788 This link is valid for 30 days until 10/30/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (11): MLS #: 116774, 125875, 114782, 122227, 120006, 124177, 125326, 125955, 122447, 118086, 124787 . This link is valid for 30 days until 10/30/2012.

Aspen Snowmass Solds Last Week:

MLS #125875 – Aspen, West Aspen, Meadowood single family home, 165 Heather Lane, Aspen, CO: Sold Price: $4,100,000/$755 sq ft furnished. More details below photos.

MLS #125875 – Aspen, West Aspen, Meadowood single family home, 165 Heather Lane, Aspen, CO: Sold Price: $4,100,000/$755 sq ft furnished; Asking Price: $4,900,000. (Original Price: $4,900,000 and 113 days on the market since 06/08/2012.) This is a 1989, 5 bedroom/5 bath/1 half bath single family home with 2 car garage on 0.91 acres. The Meadowood area is known for larger residential lots, proximity to the Aspen School District campus and the Aspen Recreation Center (ARC), open space and Aspen Highlands lift access. Broker comments are, “Beautiful home, meticulously well-cared for on a gorgeous flat lot facing Aspen Highlands and Tiehack/Buttermilk ski runs. Great family floorplan including huge master suite with adjoining office on upper level, generously-sized guest ensuite bedrooms, and a family room/den. The home is filled with sunshine and mountain views from a myriad of windows. The yard is nicely landscaped and includes a waterfall feature and pond, as well as 1500 sf of stone patios and decks. Easy access to schools, walking/biking and x-c trails. Meadowood amenities include private tennis courts and lake for fly-fishing or floating. If buyers wish to expand: allowable FAR of aprx 7569 sf above grade and total aprx gross floor area of 12,319 sf. No Real Estate Transfer Tax.” 2011 Taxes: $13,720; HOA Dues: $337.00 Yr. Under Contract Date: 07/07/2012; Sold Date: 09/27/2012. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #116774 – Aspen, Smuggler area, single family home, 114 Neale Avenue, Aspen, CO: Sold Price: $2,445,000/$1,497 sq ft unfurnished. More details below photos.

MLS #116774 – Aspen, Smuggler area, single family home, 114 Neale Avenue, Aspen, CO: Sold Price: $2,445,000/$1,497 sq ft unfurnished; Asking Price: $2,495,000. (Original Price: $2,995,000 and 887 days on the market since 06/10/2010. This is a 1900 built, 4 bedroom/2 bath/1 half bath, 1,633 sq ft single family home on 0.14 acres. Broker comments are, “Just around the corner from beautiful Herron Park, the Roaring Fork River, and an entryway to the Rio Grande bike trail, this charming home is only a short walk from everything Aspen has to offer. The well-placed terrace off of the main living area looks out to a verdant, grassy backyard, swathed in Aspen trees, and accented by a reflecting pond. Intimate spaces have been created throughout the property including in the main sitting area, where clean-lined furnishings and colorful art ad to the ambiance. Call listing broker regarding additional FAR and plans for a garage.” 2011 Taxes: $6,329. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/08/2012; Sold Date: 09/24/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #114782 – Aspen, West Aspen, Aspen Highlands single family home, 364 Exhibition Lane, Aspen, CO: Sold Price: $7,500,000/$839 sq ft unfurnished. More details below photos.

MLS #114782 – Aspen, West Aspen, Aspen Highlands single family home, 364 Exhibition Lane, Aspen, CO: Sold Price: $7,500,000/$839 sq ft unfurnished; Asking Price: $9,995,000. (Original Price: $12,900,000 and 1,470 days on the market since 12/06/2007.) This is a 2006 built, 7 bedroom/7 bath/2 half bath, 8,935 sq ft single family home with 2 car garage on 0.53 acres. Broker comments are, ” Ski-in/out at Aspen Highlands from this custom built stone & timber home, featuring 7 en suite bedrooms, 7 full baths and 2 powder rooms. At just over 8900 square feet with a gourmet kitchen, office, family/media room with billiards table & bar, balconies off the master & guest master suites, patio, hot tub, 2 car garage, radiant heat, A/C, top of the line fiber optic capabilities, security system, and an energy efficient design, this is the family ski home dreams & memories are made of! Located on a cul-de-sac with stunning mountain views, and just minutes from downtown Aspen. Furnishings are negotiable.” 2011 Taxes: $42,549; HOA Dues: $4,403 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/20/2012; Sold Date: 09/27/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #122227 – Aspen, Central core, Durant Condos, 738 S. Galena Street, Unit 6-C, Aspen, CO: Sold Price: $1,400,000/$1,127 sq ft furnished. More details below photos.

MLS #122227 – Aspen, Central core, Durant Condos, 738 S. Galena Street, Unit 6-C, Aspen, CO: Sold Price: $1,400,000/$1,127 sq ft furnished; Asking Price: $1,595,000. (Original Price: $1,850,000 and 423 days on the market since 07/29/2011.) This is a 1969 built/2005 remodeled 3 bedroom/2 bath, 1,242 sq ft condo. Broker comments are, ” Remodeled with a mountain zen décor by Mountain Resort Interiors, this sophisticated ski-in/ski-out corner condo features 3 bedrooms, 2 baths, 1242 square feet, floor-to-ceiling windows with breathtaking views, wood-burning fireplace, complex pool & hot tub, on site management, ski storage, and rooftop access. Walk everywhere.” 2011 Taxes: $3,877; HOA Dues: $3,572 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/23/2012; Sold Date: 09/24/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #120006 – Aspen, Central Core, Durant Condos condo, 718 Galena Street #102-A, Aspen, CO: Sold Price: $1,295,000/$1,177 sq ft furnished. More details below photos.

MLS #120006 – Aspen, Central Core, Durant Condos condo, 718 Galena Street #102-A, Aspen, CO: Sold Price: $1,295,000/$1,177 sq ft furnished; Asking Price: $1,345,000. (Original Price: $1,595,000 and 569 days on the market since 03/03/2011.) This is a 1975 built/2005 remodeled, 3 bedroom/2 bath, 1,100 sq ft condo. Broker comments are, “First floor in A Building, 3 bedrooms with 2 full baths, beautifully remodeled. Owner storage and guest storage for skis and gear. Ski right to Aspen Gondola. Assessments include heat, firewood and cable…Owners are welcome to bring their pooch. Sweet views of Aspen Mountain and parts of town. Being at The Durant is all about being in the heart of Aspen and skiing to your door. Rents well, see Documents for Income/Expense.” 2011 Taxes: $2,959; HOA Dues: $3,456 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/23/2012; Sold Date: 09/20/2012. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #124177 – Aspen, Historic West End, Hallam Pines condo, 224 W. Hallam Street, Aspen, CO: Sold Price: $5,950,000/$1,234 sq ft furnished. More details below photos.

MLS #124177 – Aspen, Historic West End, Hallam Pines condo, 224 W. Hallam Street, Aspen, CO: Sold Price: $5,950,000/$1,234 sq ft furnished; Asking Price: $6,495,000. (Original Price: $$6,495,000 and 238 days on the market since 02/06/2012.) This is a 2006 built, 4 bedroom/4 bath/1 half bath, 4,819 sq ft single family home with 2 car garage on 0.11 acres. Broker comments are, “One of Aspen’s most recognizable West End homes, boasting awe-inspiring Aspen mountain views. Designed in a traditional Rocky Mountain style, this handsome 4 bedroom, 4.5 bath home features the perfect family floor plan. Expansive ceilings with authentic trusses and beams. A semi-formal dining room seats ten. There is a front patio and a back deck complete with private hot tub and barbeque. Upstairs is the south facing master suite with Aspen Mountain views, his and her closets, a jetted tub and separate steam shower. Also on the upper level is a handsome generous office. The three additional bedroom suites are located on the lower level. There is a media room complete with a 55” flatscreen television, wet bar, fireplace and game table. Walk to town, fully furnished, two car garage.” 2011 Taxes: $11,796. City of Aspen RETT Transfer Tax of a approx. 1.5% payable by buyer. Under Contract Date: 08/02/2012; Sold Date: 09/24/2012. (Photos and broker comments courtesy of Shane Aspen R.E.)

MLS #125326 – Aspen, East Aspen, Aspen View condo, 326 Midland Avenue 201, Aspen, CO: Bank Short Sale, Sold Price: $525,000/$625 sq ft unfurnished. More details below photos.

MLS #125326 – Aspen, (Short Sale) East Aspen, Aspen View condo, 326 Midland Avenue 201, Aspen, CO: Bank Short Sale, Sold Price: $525,000/$625 sq ft unfurnished; Asking Price: $549,000. (Original Price: $549,000 and 149 days on the market since 05/07/2012.) This is a 1971 built/2004 remodeled, 2 bedroom/1 bath, 840 sq ft condo. Broker comments are, “The best value in a two bedroom condominium located walking distance to downtown Aspen.This lovely two bedroom, one bath corner unit is bright and sunny and has unobstructed views of Aspen Mountain. Open and airy with 840 square feet of living space. Living Room has Pergo floors, gas stove and private balcony overlooking the yard. Two spacious bedrooms with large master closet. Located in a quiet complex offering a large well maintained common yard, two assigned parking spaces, low association fees and close proximity to the Smuggler Mountain Trails. Don’t miss this opportunity.” 2011 Taxes: $1,734; HOA Dues: $1,265 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/11/2012; Sold Date: 09/21/2012. (Photos and broker comments courtesy of Whitman Fine Properties.)

MLS #125955 – Aspen, Central Core, Winfield Arms condo, 119 E. Cooper Avenue Unit 9, Aspen, CO: Foreclosure Sale, Sold Price: $350,000/$779 sq ft. More details below photos.

MLS #125955 – Aspen, Central Core, Winfield Arms condo, 119 E. Cooper Avenue Unit 9, Aspen, CO: REO Foreclosure Sale, Sold Price: $350,000/$779 sq ft; Asking Price: $349,000. (Original Price: $415,000 and 106 days on the market since 06/13/2012.) This is a 1969 built, 449 sq ft studio with 1 bath. Broker comments are, “Steps from the shops and restaurants of Downtown Aspen, this Winfield Arms studio unit is easy walking distance to everything in town including the Gondola. A total of 449 square feet, this ideal pied-à-terre features built-in storage throughout, a full kitchen, and a South facing private patio with views of Aspen Mountain. There is ski locker storage and an outdoor hot tub/spa. HOA dues pay for all utilities and expenses including monthly reserves.” 2011 Taxes: $1,341; HOA Dues: $1,204 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/21/2012; Sold Date: 09/27/2012. (Photos and broker comments courtesy of Merritt Group.)

MLS #122447 – Aspen, Central Core, Park Central West condo, 210 E. Hyman Avenue 5, Aspen, CO: Sold Price: $845,000/$893 sq ft partially furnished. More details below photos.

MLS #122447 – Aspen, Central Core, Park Central West condo, 210 E. Hyman Avenue 5, Aspen, CO: Sold Price: $845,000/$893 sq ft partially furnished; Asking Price: $899,000. (Original Price: $925,000 and 401 days on the market since 08/17/2011.) This is a 1981 buiilt/2010 remodeled, 2 bedroom/2 bath, 946 sq ft condo. Broker comments are, “Located in the heart of Aspen, walk to everywhere from this recently remodeled condominium. The AAA premier small complex includes an outdoor pool, hot tub, assigned off-street parking, common laundry room and an owner’s storage locker. Cozy up in front of the wood burning fireplace and enjoy the stunning views of Aspen Mountain from the living room, the private patio and the master bedroom. Close to everything yet on a quiet street. Well priced, this handsome condo allows you to enjoy the Aspen lifestyle for a good value in today’s market.” 2011 Taxes: $2,332; HOA Dues: $8,627 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/13/2012; Sold Date: 09/26/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #118086 – Snowmass Village, Counry Club Homes condo, 408 Snowmass Club Circle 4, Snowmass Village, CO: Sold Price: $540,000/$501 sq ft furnished. More details below photos.

MLS #118086 – Snowmass Village, Counry Club Homes condo, 408 Snowmass Club Circle 4, Snowmass Village, CO: Sold Price: $540,000/$501 sq ft furnished; Asking Price: $595,000. (Original Price: $795,000 and 750 days on the market since 09/02/2010. This is a 1981 built, 2 bedroom/2 bath/1 half bath, 1,076 sq ft condo with 1 car garage. Broker comments are, “A fantastic opportunity to own in the prestigious Snowmass Country Club neighborhood. This two bedroom, two & one-half bath plus loft is in walking distance to Snowmass Club’s amenities. Priced far below other comparable townhomes, this is ready for your finishing touches. The bright loft upstairs would be an ideal artist’s studio or office. Perfect location for a full time resident or a second homeowner.” 2011 Taxes: $942; HOA Dues: $1,098 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/28/2012; Sold Date: 09/21/2012. (Photos and broker comments courtesy of Joshua & Co.)

MLS #124787 – Old Snowmass, Lazy O Ranch single family lot, TBD Lazy O Road, Snowmass, CO: Sold Price: $1,385,000. More details below photos.

MLS #124787 – Old Snowmass, Lazy O Ranch single family lot, TBD Lazy O Road, Snowmass, CO: Sold Price: $1,385,000; Asking Price: $1,545,000. (Original Price: $1,725,000 and 623 days on the market since 08/24/2010.) This is a 2.49 acre single family lot in the Lazy O Ranch subdivision in Old Snowmass. Broker comments are, ” Let your imagination run unparalleled and create your dream home on this premiere and most desirable lot in this classic Colorado working ranch. This lot overlooks the entire ranch, has spectacular views of the Elk Mountain Range and Mt Sopris, and is a one of a kind lot at the Ranch. Buyer to pay $10,000 transfer fee to HOA at closing.(Google Earth Image of lot location may be seen in documents).” 2011 Taxes: $2; HOA Dues: $12,000 Yr. Under Contract Date: 06/12/2012; Sold Date: 09/27/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.

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Aspen Snowmass Real Estate Weekly Market Update Report Closed and Under Contract