The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (16) and Under Contract / Pending (10): Dec 16 – 23, 2012

Last weeks sales activity is published below. Scroll down page for photos and details of weekly solds and under contract /pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow for the blog archives by year and search by date. Or use SearchEstinAspen to search by topic, address, subdivision or complex name, date etc. If it’s about Aspen real estate, information should be here.

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. As the MLS links below expire after 30 days, photos and written descriptions of most closed properties (with excellent photography) are posted to preserve an archive of sold market activity. For sales in the past month, scroll down page, and for earlier dates use the down arrow and search by time period or use SearchEstinAspen.

Comments:

It was a week of big ticket (+$10M) property closings: There were (3) solds over $10M at $11M, $15M and $20.75M and (2) solds at $8.5M and $9M. And (2) properties went under contract with ask prices of $17.5M and $50M.

Under Contract / Pending (10): MLS #: 128063, 123369, 121408, 125935, 128056, 117493, 122769, 126088, 127847, 126986/26996. This link is valid for 30 days until 01/23/2013. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (16): MLS #:127523, 119707, 125358, 108498, 126461, 126847, 127116, 123857, 128026, 128059, 125060, 123731, 128023, 128012, 120487, 127599. This link is valid for 30 days until 01/23/2013.

Aspen Snowmass Solds Last Week:

MLS #127523 – Aspen, Red Mountain single family home, 350 W. Reds Road, Aspen, CO: Sold Price: $11,000,000/$1,650 unfurnished. More details below photos.

MLS #127523 – Aspen, Red Mountain single family home, 350 W. Reds Road, Aspen, CO: Sold Price: $11,000,000/$1,650 unfurnished; Asking Price: $12,500,000. (Original Price: $12,500,000 and 66 days on the market since 10/16/2012.) This is a 1996 built, 5 bedroom/4 bath/1 half bath, 6,663 sq ft single family home with 2 car garage on 0.94 acres. Broker comments are, “Privately situated on Red Mountain, this beautiful home is highlighted by sweeping mountain views that include Aspen Mountain and the Maroon Bells. Bask in the warmth of the all-day sun from the snowmelted deck & lower level patio that overlook the landscaped grounds with a large grass yard. Amenities include 5 bedrooms, 4.5 baths, 6,663 square feet, gracious great room with stone gas fireplace, formal dining room, nicely appointed kitchen, family/media room, wine room, large master suite with walk-in closet & master bath with steam shower & spa tub, vaulted ceilings with wood beam accents, radiant heat, air conditioning, two car garage, hot tub, and snowmelted driveway.” 2011 Taxes: $16,083. Under Contract Date: 12/15/2012; Sold Date: 12/21/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #119707 – Aspen, McLain Flats, White Horse Springs single family home, 1720 McLain Flats road, Aspen, CO: Sold Price: $15,000,000/$1,434 sq ft partially furnished. More details below photos.

MLS #119707 – Aspen, McLain Flats, White Horse Springs single family home, 1720 McLain Flats road, Aspen, CO: Sold Price: $15,000,000/$1,434 sq ft partially furnished; Asking Price: $18,750,000. (Original Price: $23,500,000 and 1,595 days on the market since 07/03/2008.) This is a spec built single family home completed in 2010 with 5 bedroom/5 bath/2 half bath, 10,460 sq ft with 3 car garage on 6.28 acres. Broker comments are, “Brand new luxury estate on over 6 acres w/breathtaking views of all 4 ski areas! The open & inviting floor plan features reclaimed wood floors & timbers, granite & marble counters, dry stacked stone, gorgeous main floor master suite w/his & her walk-in closets, master bath w/spa tub, steam shower & dual vanities, large media room, study, exercise room, cozy family room adjacent to the gourmet kitchen, large windows throughout, multiple gas fireplaces, loads of storage space, state of the art safety systems, hot tub, over 2,200 square feet of inviting patios for outdoor entertaining, & mature landscaping with streams & 2 ponds. The irrigated meadows & gentle topography are perfect for horses, & there are water rights from the salvation ditch. Additional FAR of 1,354 sq ft is available. Directions: Cemetery Lane to McLain Flats Road, on the left. Addendum: Barn or caretaker’s house is permitted. All interior bathrooms & powder rooms and exterior patios & balconies have floor heat. Garage has radiant heat. Re HOA Dues: There is no HOA in White Horse Springs. However, the subject property belongs to the White Horse Springs Water & Sanitation District, and the Irrigation Group (Salvation Ditch Company).” 2011 Taxes: $20,268; HOA Dues: $1,650 Yr. Under Contract Date: 11/20/2012; Sold Date: 12/20/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #125358 – Aspen, McLain Flats, White Horse Springs, 372 Sunnyside Lane, Aspen, CO: Sold Price: $3,525,000/$654 sq ft unfurnished. More details below photos.

MLS #125358 – Aspen, McLain Flats, White Horse Springs, 372 Sunnyside Lane, Aspen, CO: Sold Price: $3,525,000/$654 sq ft unfurnished; Asking Price: $3,900,000. (Original Price: $5,295,000 and 2,179 days on the market since 01/03/2007.) This is a 1974 built/2004 remodeled, 5 bedroom/5 bath/1 half bath, 5,385 sq ft single family home with 2 car garage on 8 acres. It is located in one of Aspen’s newer, re-developing high end areas typically with open, unobstructed McLain Flats 180 degree big mountain views – whereas this property has somewhat obstructed viewplanes for lots in the area. However, the Broker’s comments are, “Best remaining lot in McClain Flats with end of the road privacy just ten minutes from Aspen. Vested building rights through January 4, 2014 for 10,750 sq ft with one TDR included. Parcel features 20 shares of Salvation Ditch for water feature, pond and/or irrigation. Amazing panoramic views of Mount Sopris, Mount Daily and all four ski areas. Surrounded by new high-end homes, all on similar eight acre plus lots. Plans available for buyer ready to build their dream, home. Existing 5 bedroom, 5.5 bath, two car garage home is very livable. This is the best value in this growing high-end neighborhood.” 2011 Taxes: $8,599. Under Contract Date: 10/25/2012; Sold Date: 12/21/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #108498 – Aspen, West Aspen, Maroon Creek Club single family home, 386 Pfister Drive, Aspen, CO: Sold Price: $9,000,000/$957 sq ft unfurnished. More details below photos.

MLS #108498 – Aspen, West Aspen, Maroon Creek Club single family home, 386 Pfister Drive, Aspen, CO: Sold Price: $9,000,000/$957 sq ft unfurnished; Asking Price: $9,999,000. (Original Price: $11,950,000 and 1,478 days on the market since 12/02/2009.) This is a 2008 built, 5 bedroom/6 bath/1 half bath, 9,400 sq ft single family home with 2 car garage on 0.63 acres. Broker comments, “Located in the Maroon Creek Club, this custom-designed estate by Richard Wax & Associates expresses a distinct contemporary style with flawless finishes. Ski-in/ski-out to Tiehack on Buttermilk Mountain & enjoy fabulous views of Aspen Highlands, Red Mountain, Hunter Creek & Tiehack. Features include massive wood beams, exceptional entertainment spaces, European custom cabinetry, top of the line appliances, luxurious master suite with private deck, master bath with his & her vanities & water closets, theater with 100 inch projection screen, game room w/bar, exercise room, radiant heat, A/C, 6 gas fireplaces, beautiful stone waterfall, heated flagstone patios, & snowmelted driveway. No detail has been overlooked.” 2011 Taxes: $21,815; HOA Dues: TBD; City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/07/2012; Sold Date: 12/19/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #126461 – Aspen, East Aspen, Callahan single family home, 1409 Crystal Lake Road, Aspen, CO: Sold Price: $20,750,000/$1,811 sq ft furnished. More details below photos.

MLS #126461 – Aspen, East Aspen, Callahan single family home, 1409 Crystal Lake Road, Aspen, CO: Sold Price: $20,750,000/$1,811 sq ft furnished; Asking Price: $23,500,000. (Original Price: $22,000,000 and 158 days on the market since 07/16/2012.) This is a 1998 built, 6 bedroom/6 bath/1 half bath, 11,454 sq ft single family home with 2 car garage on 2.3 acres. Broker comments are, “2.4 acres of total privacy located in the downtown core of Aspen, adjacent to the Aspen Club & on the banks of the Roaring Fork River. This irreplaceable & magnificent Tuscan-style estate was designed w/an exceptional attention to detail, incorporating the finest finishes, wood beam accents, unique wall coverings & fireplace surrounds, plaster walls, custom stonework, reclaimed hardwood floors, & classic & timeless furnishings. 5 bedrooms plus a detached caretaker apartment w/full kitchen & living room, media room, library, chef’s kitchen w/granite counters, large family room, private master suite on the upper level, wine room, amazing indoor & outdoor living spaces that are perfect for entertaining, 6 gas fireplaces, elevator, large patio w/wood-burning fireplace & views of Aspen Mtn.” 2011 Taxes: $30,071; HOA Dues: $2,008 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/09/2012; Sold Date: 12/21/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #126847 – Aspen, Central Core, Aspen Alps condo, 700 Ute Avenue #706, Aspen, CO: Sold Price: $1,950,000/$1,304 sq ft furnished. More details below photos.

MLS #126847 – Aspen, Central Core, Aspen Alps condo, 700 Ute Avenue #706, Aspen, CO: Sold Price: $1,950,000/$1,304 sq ft furnished; Asking Price: $2,595,000. (Original Price: $3,750,000 and 446 days on the market since 11/14/2006.) This is a 2007 built, 2 bedroom/3 bath, 1,495 sq ft condo. Broker comments are, “Enjoy this close to 1,500 sq ft condo with two bedrooms en suite with an additional full bath off the great room. There are windows and doors going out to two decks to the east and west and windows facing east, south and west bringing in all day sunshine light and fabulous views of Ajax Mountain and Independence Pass. Vaulted ceilings with expansive windows to the ceiling.” 2011 Taxes: $5,171; HOA Dues: $1,633 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/26/2012; Sold Date: 10/27/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS # 127116 – Aspen, Central Core, Creektree condos duplex, 727 E. Bleeker Street, Unit 727, Aspen, CO: Sold Price: $2,500,000/$1,086 sq ft unfurnished. More details below photos.

MLS # 127116 – Aspen, Central Core, Creektree condos duplex, 727 E. Bleeker Street, Unit 727, Aspen, CO: Sold Price: $2,500,000/$1,086 sq ft unfurnished; Asking Price: $2,595,000. (Original Price: $2,595,000 and 98 days on the market since 09/07/2012.) This is a 1979 built, 4 bedroom/3 bath, 2,300 sq ft duplex with 1 car garage. Broker comments are, “Located on a cul-de-sac in the downtown core on the Roaring Fork River & next to Herron Park, this duplex has fabulous remodel potential with good bones to work with and additional FAR. Features include 4 bedrooms, 3 baths, 2,300 square feet, floor to ceiling stone wood-burning fireplace in the sunken living room, indoor hot tub & sauna, high ceilings, wood accents, deck overlooking the river, good sunlight, carport for one car, and a garage space at the adjacent River Park complex. Great value for the buyer who is willing to do the work. Walk everywhere.” 2011 Taxes: $6,867; HOA Dues: $6,000 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/25/2012; Sold Date: 12/14/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #123857 – Aspen, BANK OWNED, West Aspen, Aspen Highlands townhome, 51 Thunderbowl Lane #12, Aspen, CO: Sold Price: $3,900,000/$673 sq ft furnished. More details below photos.

MLS #123857 – Aspen, BANK OWNED, West Aspen, Aspen Highlands townhome, 51 Thunderbowl Lane #12, Aspen, CO: Sold Price: $3,900,000/$673 sq ft furnished; Asking Price: $4,350,000. (Original Price: $7,500,000 and 1,836 days on the market since 05/17/2007.) This is a 2007 built, 5 bedroom/5 bath/2 half bath, 5,793 sq ft condo with 2 car garage. Broker comments are, “Beautiful townhome with great views and centrally located within steps of Aspen Highlands Ski Area and Village. With 5824 sq ft of living space, this 5 bedroom property lives like a single-family home but has the convenience of a townhouse. Unit has steam showers, vaulted ceilings, beautiful wood flooring, commercial grade appliances, gourmet kitchen, game room with wet bar, and snow melt driveway. HOA includes use of the pool and gym at the Ritz Carlton Club plus limited free taxi service. A great home for both summer and winter..” 2011 Taxes: $21,492; HOA Dues: $5,118 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/19/2012; Sold Date: 12/21/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

No photos in MLS for this Hunter Creek condo:

MLS #128026 – Aspen, Smuggler, Hunter Creek condo, 1317 Vine Street, Aspen, CO: Sold Price: $310,000/$516 sq ft unfurnished; Asking Price: $339,000. (Original Price: $510,000 and 317 days on the market since 07/26/2011.) This is a 1980 built, 1 bedroom/1 bath, 600 sq ft condo. No broker comments in MLS. 2011 Taxes: $1,080; HOA Dues: $200 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/26/2012; Sold Date: 11/26/2012.

No photos in MLS for this Hyman Avenue condo:

MLS #128059 – Aspen, BANK OWNED, Central Core condo, 707 E. Hyman Avenue, Units A & C, Aspen, CO: Sold Price: $6,500,050/$1,483 sq ft; Asking Price: $6,500,050. (Original Price: $8,995,000 and 654 days on the market since 05/18/2010.) This is a 2009 built, 4 bedroom/4 bath/ 1 half bath, 4,382 sq ft condo with 2 car garage. The property sold in foreclosure sale in Feb. 2012 but closed now. Broker comments are, “Sold before MLS” 2011 Taxes: $11,666. City of Aspen, RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/15/2012; Sold Date: 12/18/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #125060 – Woody Creek, Woody Creek single family home, 2122 Lower River Road, Wood Creek, CO: Sold Price: $1,500,000/$527 sq ft unfurnished. More details below photos.

MLS #125060 – Woody Creek, Woody Creek single family home, 2122 Lower River Road, Wood Creek, CO: Sold Price: $1,500,000/$527 sq ft unfurnished; Asking Price: $1,850,000. (Original Price: $2,400,000 and 245 days on the market since 04/16/2012.) This is a 1964 built/1993 remodeled, 4 bedroom/2 bath/1 half bath, 2,841 single family home with 3 car garage on 1 acre. Broker comments are, “A unique opportunity to own 160 feet of river frontage on a one acre property. Nice floor plan, lots of outdoor living area. Four bedroom home is great for local family or second home owner. Three car garage for all your toys and gear.” 2011 Taxes: $10,364. Under Contract Date: 11/15/2012; Sold Date: 12/17/2012. (Photos and broker comments courtesy of Shane Aspen R.E.)

MLS #123731 – Woody Creek, Woody Creek single family home, 26 Liberty Lane, Woody Creek, CO: Sold Price: $975,000/$199 sq ft unfurnished. More details below photos.

MLS #123731 – Woody Creek, Woody Creek single family home, 26 Liberty Lane, Woody Creek, CO: Sold Price: $975,000/$199 sq ft unfurnished; Asking Price: $1,099,000. (Original Price: $1,700,000 and 1,204 days on the market since 05/29/2009.) This is a 1977 built/2010 remodeled, 5 bedroom/4 bath, 4,897 sq ft single family home on 3 acres. Broker comments are, “Price reduced to sell. Wonderful family home /horse property/income opportunity on 3 acres in Aspen School district. Walk to Woody Creek Tavern, only 10 minutes drive to Aspen. Main house was remodeled in August 2010 has 5 bedrooms, 4 baths, wood floors, stone fireplace, new interior paint/carpet, wonderful mountain views. Separate 2 bedroom, 1 bath caretaker cottage has updated kitchen and bath. 2 large outside storage sheds. Separate 960sq.ft, 2 room artist studio w/bathroom can be used for a home based business or rental opportunity. Main house, Caretaker cottage, Artist studio/Office all currently rented. Non-conforming building site, with possible duplex approval. Zoning allows various home based businesses and other opportunities. Possible seller financing. Best buy in Woody Creek.” 2011 Taxes: $3,979. Under Contract Date: 10/18/2012; Sold Date: 12/21/2012. (Photos and broker comments courtesy of Carol Dopkin Real Estate)

MLS #128023 – Snowmass Village, Pines at Owl Creek single family home, 440 Spruce Ridge Lane, Snowmass Village, CO: Sold Price: $8,500,000/$1,366 sq ft. More details below photos.

MLS #128023 – Snowmass Village, Pines at Owl Creek single family home, 440 Spruce Ridge Lane, Snowmass Village, CO: Sold Price: $8,500,000/$1,366 sq ft; Asking Price: $8,995,000. (Original Price: $13,950,000 and 1,136 days on the market since 08/11/2008.) This is a 2005 built, 6 bedroom/6 bath/2 half bath, 6,219 sq ft ski-in/ski-out single family home with 3 car garage on 2.82 acres. No broker comments in MLS. 2011 Taxes: $26,029. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/12/2012; Sold Date: 12/12/2012. (Photos courtesy of Aspen Snowmass Sotheby’s.)

MLS #128012 – Snowmass Village, Viceroy condo, 130 Wood Road, 428, Snowmass Village, CO: Sold Price: $1,200,000/$1,123 sq ft furnished. More details below photos.

MLS #128012 – Snowmass Village, Viceroy condo, 130 Wood Road, 428, Snowmass Village, CO: Sold Price: $1,200,000/$1,123 sq ft furnished; Asking Price: $1,299,000. (Original Price: $1,299,000 and 7 days on the market since 12/12/2012. This is a 2010 built, 2 bedroom/2 bath, 1,068 sq ft Viceroy condo. Broker comments are, ” New Condominium units now available at the world-acclaimed Viceroy. Ski in-Ski-out in Snowmass’ Base Village, there is nothing else like in the Aspen/Snowmass market for wholly-owned condominiums.” 2011 Taxes: $9,204; HOA Dues: $27,618; Town of Snomwass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/14/2012; Sold Date: 12/19/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #120487 – Snowmass Village, Woodbridge condo, 35 Upper Woodbridge Road #30 cd, Snowmass Village, CO: Sold Price: $449,500/$490 sq ft furnished. More details below photos.

MLS #120487 – Snowmass Village, Woodbridge condo, 35 Upper Woodbridge Road #30 cd, Snowmass Village, CO: Sold Price: $449,500/$490 sq ft furnished; Asking Price: $499,950. (Original Price: $525,000 and 618 days on the market since 04/11/2011.) This is a 1973 built/2009 remodeled, 2 bedroom/2 bath, 916 sq ft condo. Broker comments are, “Bright and spacious two-bedroom Woodbridge condominium with a recent completed remodel and wonderful views. New kitchen with beautiful cabinetry, bathrooms have beautiful stone inlays on the heated floors and bathtubs, and new carpet throughout. Ski access is easy with the bridge less than a hundred yards from the front door. Live year round or rent short term—either way the amenities, such as the outdoor pool and free shuttle at your front door, are yours to enjoy.” 2011 Taxes: $1,396; HOA Dues: $2,100 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/31/2012; Sold Date: 12/14/2012. (Photos and broker comments courtesy of Joshua & Co.)

MLS #127599 – Snowmass Village, SHORT SALE, Meadow Ranch condo, 151 Mdadow Ranch Drive, F-1-A, Snowmass Village, CO: Sold Price: $290,000/$234 sq ft unfurnished. More details below photos.

MLS #127599 – Snowmass Village, SHORT SALE, Meadow Ranch condo, 151 Mdadow Ranch Drive, F-1-A, Snowmass Village, CO: Sold Price: $290,000/$234 sq ft unfurnished; Asking Price: $288,000. (Original Price: $799,000 and 342 days on the market since 03/23/2010.) This is a 1976 built, 2 bedroom/1 bath, 1,238 sq ft condo. Broker comments are, “Short Sale, Fixer, ”As Is” price reflects condition. Price approved by Bank. Great upside potential with renovation.” 2011 Taxes: $1,812; HOA Dues: $1,425 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/02/2012; Sold Date: 12/17/2012. (Photos and broker comments courtesy of Portfolio Aspen Properties.)

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