The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (9) and Under Contract (11): Apr 15 – 22, 2012

Scroll down page for prior week’s market activity.

Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly or semi-annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here.

Last Week’s Market Highlights – Aspen Snowmass real estate weekly sales statistics and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 in the upper Roaring Fork Valley excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Market Commentary

Click image for executive summary and full report pdf

The Estin Report: Q1 2012 State of the Aspen Market was published yesterday, 4/22/12. My apology for the delay – unexpected family health issues came up over the past two weeks. Market activity for last week appears below.

Under Contract / Pending (11): MLS #118233, 118805, 114782, 123595, 124101, 123816, 123832, 123103, 121620, 123817, 120148. This link is valid for 30 days until 05/22/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (9): MLS# 112798, 119123, 111786, 123709, 114962, 124301, 123426, 123935, 123633. This link is valid for 30 days until 05/22/2012.

Aspen Snowmass Solds Last Week:

MLS #112798 – Aspen, West Aspen, Maroon Creek Ranch single family home, 2156 Maroon Creek Road, Aspen, CO: Sold Price: $3,000,000/$840 sq ft unfurnished. More details below photos.

MLS #112798 – Aspen, West Aspen, Maroon Creek Ranch single family home, 2156 Maroon Creek Road, Aspen, CO: Sold Price: $3,000,000/$840 sq ft unfurnished; Asking Price: $3,950,000. (Original Price: $5,500,000 and 970 days on the market since 08/25/2009. This is great deal for a lovely 1982 built/2000 remodeled, 4 bedroom/4 bath/1 half bath, 3,571 sq ft single family home on 5.5 acres with 2 car garage. Broker comments are, “This contemporary custom residence is as breathtaking as its views from Pyramid Peak to the ski runs of Aspen Highlands. This residence nestled on 5.5 acres features modern architecture with European influences and celebrates the art of living and entertaining. Encompassing 3,571 sq. ft. of stunning interiors, the home offers 4 bedrooms and 4 1/2 baths, large outdoor terraces and mature landscaping include the abundant water of Willow Creek. The highest quality construction and a distinctive eye for design, this chic mountain residence features walls of glass trimmed in Mahogany, light gray French limestone flooring and an open floor plan from which to enjoy the views – both inside and out. The gourmet kitchen has chef-grade appliances and custom Mahogany cabinetry. The living room features two seating areas on either side of the floor to ceiling zinc fireplace. The home includes numerous terraces finished in Colorado Sandstone for alfresco entertain year-round. All this and just a seven minute drive to the center of Aspen and a minute to Aspen Highlands.” 2011 Taxes: $8,823. Under Contract Date: 03/18/2012; Sold Date: 04/17/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #119123 – Aspen, East Aspen, North Star Preserve single family home, 43995 Highway 82, Aspen, CO: Sold Price: $12,500,000/$1,162 sq ft unfurnished. More details below photos.

MLS #119123 – Aspen, East Aspen, North Star Preserve single family home, 43995 Highway 82, Aspen, CO: Sold Price: $12,500,000/$1,162 sq ft unfurnished; Asking Price: $16,750,000. (Original Price: $19,975,000 and 850 days on the market since 12/15/2010.) Overlooking the beautiful 310 acre North Star Nature Preserve, 2 miles eats of Aspen, this is a 2010 built, 6 bedroom/6 bath/3 half bath, 10,750 sq ft single family home on 5.2 acres with 3 car garage. Broker comments are, “This architectural marvel soothes the senses and creates an inspired living environment. The gated entry introduces a very special, private setting, with poetic landscaping, water features, waterfall, hot tub and a fire pit. The home’s interior abounds with fine amenities, including concrete and oak floors, Caesar stone countertops, Gaggenau appliances, European cabinets, media room, wine room and solar thermal energy. The private master suite includes an office with full bath, which could be a sixth bedroom.” 2011 Taxes: $19,136. Under Contract Date: 01/13/2012; Sold Date: 04/13/2012. (Photos and broker comments courtesy of Joshua & Co.)

MLS #111786 – Aspen, Central Core, Aspen Townsite commercial building, 302 E. Hopkins Avenue, Aspen, CO: Sold Price: $2,800,000/$1,302 sq ft. More details below photos.

MLS #111786 – Aspen, Central Core, Aspen Townsite commercial building, 302 E. Hopkins Avenue, Aspen, CO: Sold Price: $2,800,000/$1,302 sq ft; Asking Price: $3,100,000. (Original Price: $3,300,000 and 1,106 days on the market since 06/23/2009. This is an 1888 built, 2,149 sq ft commercial building with a 152 sq ft carriage house on a 3,000 sq ft lot on the corner of Hopkins and Monarch, the north west corner of Restaurant Row. Broker comments are, “Sheppard House- a trophy, freestanding, commercial property on a prized corner lot in the heart of Aspen. Charming renovation with hardwood floors, custom millwork and lots of natural light. Currently used as an office with 3 private office suites, reception area, large conference room, 2 full baths, apartment with kitchen and Murphy bed, free standing shed and 3 off-street parking spaces. Part of the 2,149 sq. ft. includes the separate 152 sq. ft. carriage house. See listing broker regarding value add opportunity by adding additional square footage and historic credits.” 2011 Taxes: $18,280. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/20/2011; Sold Date: 04/20/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #123709 – Aspen, Central Core, Chateau Eau Claire riverfront condo, 1034 E. Cooper Avenue #16, Aspen, CO: Sold Price: $1,150,000/$1,166 sq ft furnished. More details below photos.

MLS #123709 – Aspen, Central Core, Chateau Eau Claire riverfront condo, 1034 E. Cooper Avenue #16, Aspen, CO: Sold Price: $1,150,000/$1,166 sq ft furnished; Asking Price: $1,475,000. (Original Price $1,695,000 and 120 days on the market since 12/21/2011.) This is a 1971 built/2011 remodeled, 2 bedroom/2 bath, 986 sq ft condo. Broker comments are, “Located just 5 blocks from Gondola, this ground floor unit with exterior patio, puts you directly on the Roaring Fork River. This complete renovation is mountain living at its finest. Unit 16 is appointed with a wood burning fireplace in a solid rock surround, wood beams in the main living areas, hardwood floors, and the kitchen has granite tops and cabinets with the vintage look and feel. No detail had been missed. In addition, the building exterior has just been completed within the last month. This new listing is located on the north end of the building where you can enjoy the serene atmosphere of living in town and living on the river – a perfect environment. This unit is also being sold fully furnished.” 2011 Taxes: $2,735; HOA Dues: $$2,810 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/09/2012; Sold Date: 04/19/2012. (Photos and broker comments courtesy of Weaver & Briscoe.)

MLS #114962 – Aspen, East Aspen, Mountain Valley single family lot, 31 Mountain Laurel Drive, Aspen, CO: Sold Price: $1,764,000. More details below photos.

MLS #114962 – Aspen, East Aspen, Mountain Valley single family lot, 31 Mountain Laurel Drive, Aspen, CO: Sold Price: $1,764,000: Asking Price: $2,250,000. (Original Price: $2,900,000 and 793 days on the market since 02/19/2010.) This is a 0.35 acre single family lot with a non-conforming income producing triplex. Broker comments are, “Sweeping corner lot zoned for single family home.Outstanding views of Independence and surrounding mountains. Not far up the mountain for those who want an easy drive but quiet and special with gentle terrain to great a wonderful floor plan and outdoor living space. Has been used as a nonconforming triplex for over 35 years Presently fully rented so could be income producing while waiting to build a new home.” 2011 Taxes: $3,988; HOA Dues: $200 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/02/2011; Sold Date: 04/16/2012. (Photos and broker comments courtesy of Carol Dopkin Real Estate.)

MLS #124301 – Aspen, Smuggler, Fox Crossing single family lot, 540 Walnut Street, Aspen, CO: Sold Price: $740,000. More details below photos.

MLS #124301 – Aspen, Smuggler, Fox Crossing single family lot, 540 Walnut Street, Aspen, CO: Sold Price: $740,000: Asking Price: $2,000,000. (Original Price: $2,000,000 and 72 days on the market since 02/14/2012.) This is a 0.16 acre single family lot in the premier Fox Crossing subdivision located in the Smuggler area of north east Aspen. Broker comments, “Sold at auction. March 17, 12. The hunt is over. Two custom homes and three premier homesites in Fox Crossing. Originally Listed for $2M – Aggressive Opening Bid Selling Bidder’s Choice, these three premier homesites – Buildable Lots C, I and J – are ready to become the foundation of your next dream home. Nestled at the foot of Red Mountain, a mere 10-minute leisurely stroll from downtown, Fox Crossing is an exclusive, newly-constructed, high-end private enclave in the heart of Aspen. The gross livable (buildable) square footage based on approved plans is 6,019.” 2011 Taxes: $22,030; HOA Dues: $176 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/17/2012; Sold Date: 04/13/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #123426 – Snowmass Village, Snowmass Creek single family home, 4305 Snowmass Creek Road, Snowmass, CO: Sold Price: $5,754,125/$864 sq ft furnished on 149 acres. More details below photos.

MLS #123426 – Snowmass Village, Snowmass Creek single family home, 4305 Snowmass Creek Road, Snowmass, CO: Sold Price: $5,754,125/$864 sq ft furnished on 149 acres; Asking Price: $7,485,000. (Original Price: $11,250,000 and 1,589 days on the market since 10/05/2007.) This is an Old Snowmass, 2006 built, 5 bedroom/6 bath/1 half bath, 6,657 sq ft single family home iwth 2 car garage on 149.33 acres. Broker comments are, “Imagine yourself nestled in the heart of nearly 149+ private acres in the middle of the Rocky Mountains yet only 20 minutes to Aspen, Colorado. Beautifully designed with grand spaces for entertaining, both inside and out, this luxurious home boasts the finest in finishes and amenities. There are five bedrooms, including two master suites, six and a half baths, an exemplary gourmet kitchen, grand living and dining rooms, media/game room and much more. Extensive landscaping and outdoor amenities including expansive decks with outdoor Jacuzzi, water features and fountains. This is also an incredible equestrian opportunity with senior water rights, approvals for up to a 4,750 sq.ft. barn and hundreds of acres to ride on.” 2011 Taxes: $20,390. Under Contract Date: 02/07/2012; Sold Date: 04/20/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #123935 – Snowmass Village, Wood Run Place condo, 0425 Wood Road #20, Snowmass Village, CO: Sold Price: $782,500/$508 sq ft furnished. More details below photos.

MLS #123935 – Snowmass Village, Wood Run Place condo, 0425 Wood Road #20, Snowmass Village, CO: Sold Price: $782,500/$508 sq ft furnished; Asking Price: $875,000. (Original Price: $875,000 and 108 days on the market since 01/16/2012.) This is a 1983 built/2007 remodeled, 2 bedroom/2 bath, 1,538 sq ft condo. Broker comments are, “Rated ”Exceptional” by management & one of the largest 2 bedrooms in the complex, located in the much-coveted ”Tower”. Taken down to the studs and completely renovated. All new furnishings. A timeless design with hardwood floors, beautiful cabinetry, built-in twin/trundle beds, abundant & organized storage, proper laundry space, all luxurious in nature. Assigned carport parking. #19 next door is also for sale, so a family compound also a possibility.” 2011 Taxes: $2,570; HOA Dues: $23,495 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/12/2012; Sold Date: 04/19/2012. (Photos and broker comments courtesy of BJ Adams & Co.)

MLS #123633 – Snowmass Village, Meadow Ranch condo, 143 Meadow Ranch Road F3C, Snowmass Village, CO: Sold Price: $654,000/$528 sq ft furniture negotiable. More details below photos.

MLS #123633 – Snowmass Village, Meadow Ranch condo, 143 Meadow Ranch Road F3C, Snowmass Village, CO: Sold Price: $654,000/$528 sq ft furniture negotiable; Asking Price: $664,000. (Original Price: $664,000 and 133 days on the market since 12/14/2011.) This is a 1976 built/2009 remodeled, 2 bedroom/2 bath, 1,238 sq ft condo. Broker comments are, “Totally upgraded 2 bedroom, 2 bath townhome. Lots of sun with eastern and southern exposure. Granite counters, Kitchenaid appliances, and gas range offer a warm, inviting kitchen. All windows replaced in the 2009 remodel. Custom built-ins in closets, Jacuzzi tub in master bathroom, and bamboo floors are among the many features of this Meadow Ranch townhome. Huge walk in storage area under the unit for all of the toys, too. Furniture is negotiable. HOA assessments include exterior painting.” 2011 Taxes: $1,993; HOA Dues: $1,357 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/12/2012; Sold Date: 04/19/2012. (Broker comments courtesy of Joshua & Co.)

Tim Estin welcomes your business, inquiries and comments. Email: tim@estinaspen.com or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s AspenRealEstateBlog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click one of the different subscription options in banner at the top of page:

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