Last week’s sales activity is posted 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 to search the blog archives by year and 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.

Aspen Snowmass Village Real Estate

2013, 2012, 2011 Summer Sales Comparisons

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The Estin Report: Q2/H1 2013 State of the Aspen Real Estate Market was released Juy 26, 2013 in the Current Reports section

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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 select closed properties (those with excellent photography) are posted to preserve an archive of sold market activity.

Closed (7): MLS #s:131382, 130005, 128730, 129123, 129962, 130650, 130254 This link is valid for 30 days until 10/01/2013.

Under Contract / Pending (14): MLS #s: 129340, 126981, 119571, 127240, 128723/128724, 130202, 131167, 127238, 128994, 130688, 128205, 131274, 129940, 131368. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.This link is valid for 30 days until 10/01/2013.

Aspen Snowmass Solds Last Week

MLS #130650 – Aspen, Central Core, Black Swan Hall condo, 851 Ute Avenue, Unit D, Aspen, CO: Sold Price: $2,750,000/$1,168 sq ft furnished. More details below photos.

MLS #130650 – Aspen, Central Core, Black Swan Hall condo, 851 Ute Avenue, Unit D, Aspen, CO: Sold Price: $2,750,000/$1,168 sq ft furnished; Asking Price: $2,750,000. (Original Price: $2,750,000 and 55 days on the market since 07/02/2013.) This is a 1972 built, 3 bedroom/3 bath/1 half bath, 2,353 sq ft condo. Broker comments are, “Walk everywhere in downtown Aspen from this charming townhome located two blocks from the gondola. Enjoy relaxed living on three levels with no subgrade space and features including 3 bedrooms, 3.5 baths, 2,353 square feet, high ceilings, and abundant windows providing up close views toward Aspen Mountain. The top floor, private master suite and the entry level guest suites offer a nice separation from the primary living spaces in between. A spacious deck and off-street parking add comfort & convenience.” 2012 Taxes: $6,445; HOA Dues: $3,700 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/14/2013; Sold Date: 08/26/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #130254 – Aspen, West End duplex, 901 W. Francis Street, Aspen, CO: Sold Price: $2,732,500/$964 sq ft furnished. More details below photos.

MLS #130254 – Aspen, West End duplex, 901 W. Francis Street, Aspen, CO: Sold Price: $2,732,500/$964 sq ft furnished; Asking Price: 2,970,000. (Original Price: $2,970,000 and 90 days on the market since 06/11/2013.) This is a 1992 built/2010 remodeled, 4 bedroom/4 bath/1 half bath, 2,832 sq ft duplex with 2 car garage on 0.1 acres. Broker comments are, “Located in the desirable West End this four-bedroom, four and a half bath duplex has it all. Offered turn-key (excluding art). All high-end luxury finishes, corner location, decks, hot tub and A/C makes this a home under $3 million you will want to see.” 2012 Taxes: $6,679. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/15/2013; Sold Date: 08/28/2013. (Photos and broker comments courtesy of Joshua & Co.)

MLS #129962 – Aspen, Central Core, Obermeyer Place condo, 501 Rio Grande Place #102, Aspen, CO: Sold Price: $3,250,000/$1,121 sq ft furnished. More details below photos.

MLS #129962 – Aspen, Central Core, Obermeyer Place condo, 501 Rio Grande Place #102, Aspen, CO: Sold Price: $3,250,000/$1,121 sq ft furnished; Asking Price: $3,299,000. (Original Price: $3,450,000 and 443 days on the market since 08/16/2010.) This is a 2006 built, 4 bedroom/4 bath/1 half bath, 2,897 sq ft condo with 2 car garage. Broker comments are, “This spacious four bedroom ground floor Obermeyer Place features an open floor plan with chestnut floors, high ceilings and plenty of natural light. Open kitchen boasts stainless steel appliances, gas range, wine cooler and breakfast bar for three. Guest Master Suite and Queen Bedroom are on one side of the living area and the Master Suite and fourth bedroom are on the other side, providing privacy. There is a private two-car underground garage, an outdoor patio and barbeque grill. All in a perfect location just four blocks to the Gondola and two blocks from Restaurant Row, this turn-key home is ready to move into.” 2012 Taxes; $7,162; HOA Dues: $4,486 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/29/2013; Sold Date: 08/28/2013. (Photos and broker comments courtesy of Shane Aspen Real Estate.)

MLS #130005 – Aspen, Central Core commercial, 419 E. Hyman Avenue, Unit #5, Aspen, CO: Sold Price: $1,050,000/$409 sq ft. More details below photo.

MLS #130005 – Aspen, Central Core commercial, 419 E. Hyman Avenue, Unit #5, Aspen, CO: Sold Price: $1,050,000/$409 sq ft; Asking Price: $1,350,000. (Original Price: $1,350,000 and 154 days on the market since 05/27/2013.) This is an 1888 built, 2,567 sq ft commercial building in downtown Aspen. Broker comments are, “Prime F&B location with easy access of high traffic Hyman Avenue walking mall.” 2012 Taxes: $11,874; HOA Dues: $13,222. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/15/2013; Sold Date: 08/26/2013. (Photo and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #131382 – “Aspen Valley Ranch”, Woody Creek, 5900 Upper River Road, Woody Creek, CO: Bank Sale. Sold Price: $27,000,000 furnished. More details below photos.

MLS #131382 – “Aspen Valley Ranch”, Woody Creek, 5900 Upper River Road, Woody Creek, CO: Bank Sale. Sold Price: $27,000,000 furnished; Asking Price: $27,000,000. (Original Price: $88M in 2008 then lowered to $59M and down to $52M in late 2010, According to sources, Alpine Bank acquired the ranch in Dec.2012 from Aspen Valley Ranch LLC, an entity connected to Bahrain-based Arcapita Investment Holdings Ltd. Arcapita, a luxury residential development group which at one time controlled $2.5 billion with of investments, declared bankruptcy earlier in 2012.) The property has entitlements for 14 single family luxury home lots. The existing conditions are: 5 bedroom/5 bath/2 half bath, 5,069 sq ft ranch with 2 car garage on 813 acres…a rare family legacy ranch 15 minutes to Aspen offering 813 acres and sizeable approved FAR (Floor Area Ratio of up to 15,000 sf) – this is a historic working ranch and a luxurious recreational getaway with senior water rights, flat, irrigated pastures, and a new 10-stall horse barn adjacent to public lands, trails, a recently enhanced stream, ponds, wildlife, and beautiful Elk Range views. A new rustic 5,750 sf home and 1,900 sf ranch manager cabin has been built, along with the approvals to either build more or preserve some or all of it with a conservation easement. See ranch locale map and map with underlying parcels and public land. 2012 Taxes: $10,000. Under Contract Date: 08/30/2013; Sold Date: 08/30/2013. (Non-Member listing office.)

MLS #129123 – Snowmass Village, Ridge Run single family home, 1068 Faraway Road, Snowmass Village, CO: Sold Price: $1,000,000/$451 sq ft partially furnished. More details below photos.


MLS #129123 – Snowmass Village, Ridge Run single family home, 1068 Faraway Road, Snowmass Village, CO: Sold Price: $1,000,000/$451 sq ft partially furnished; Asking Price: $1,295,000. (Original Price: $1,295,00 and 163 days on the market since 03/22/2013.) This is a 1968 built, 3 bedroom/3bath, 2,214 sq ft single family home with 2 car garage on 0.69 acres. Broker comments are, ” Live the original Snowmass. Older home in Ridge Run subdivision ready to move in or remodel. This treed lot offers view of Mt. Daly and Sam’s Knob. Build up to 3,900 square feet FAR per Town of Snowmass Village. Aspen School District.” 2012 Taxes: $4,206; HOA Dues: $90 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/23/2013; Sold Date:08/29/2013. (Photos and broker comments courtesy of Joshua & Co.)

MLS #128730 – Snowmass Village, Snowmass Mountain condo, 55 Upper Woodbridge Road, Snowmass Village, CO: Sold Price: $485,000/$485 sq ft furnished. More details below photos.

MLS #128730 – Snowmass Village, Snowmass Mountain condo, 55 Upper Woodbridge Road, Snowmass Village, CO: Sold Price: $485,000/$485 sq ft furnished; Asking Price: $499,000. (Original Price: $499,000 and 196 days on the market since 02/15/2013.) This is a 1973 built/2008 remodeled, 2 bedroom/2 bath, 1,000 sq ft condo with 2 car garage. Broker comments are, “Completely remodeled, top to bottom. Situated in Building C with a big corner window and 10×15 deck off the back that enjoys privacy and open space. Private storage in same building for gear and toys. Gas fireplace, new appliances, washer/dryer, BBQ grill, new linens, fresh and easy.” 2012 Taxes: $1,233; HOA Dues: $1,355 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/05/2013; Sold Date: 08/30/2013. (Photos and broker comments courtesy of B.J. Adams & Co.)

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Disclaimer: The statements made in The Estin Report and on 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 at 970.920.7387 or Email him. The Estin Report is copyrighted 2013 and all rights reserved. Use is permitted subject to the following attribution with link to the source: “The Estin Report on the Aspen real estate market”

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