Last week’s sales activity appears below. On Dec 2, 13, the November 2013 Aspen Snowmass Market Snapshot was posted in Current Reports. Tim Estin was interviewed by Denver Business Journal for an article on Aspen and mountain real estate published Mon. Nov. 25, 2013. The Estin Report furnished key Aspen real estate market data from 2007 to 2013 YTD (Nov 20, 13) for the combined Aspen Snowmass Village market, the Aspen market and Snowmass Village market, and these tables and a market trend chart were posted 11/24/13 in Current Reports. 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.

Click image for larger view of Aspen real estate market trend chart.

Two charts from 3rd Quarter & YTD 2013 State of the Aspen Market Report

Click image or link for The Estin Report: 3rd Quarter & YTD 2013 State of the Aspen Market (released Oct 15, 13).

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 (5): MLS #s: 122313, 131912, 128407, 131652, 126518. This link is valid until 02/15/2014.

Under Contract / Pending (8): MLS #s: 121643, 129862, 132349, 126434, 130088, 132087, 124091, 132254. This link is valid until 02/15/2014.

Aspen Snowmass Solds Last Week

MLS #122313 – Aspen, West Aspen, Castle Creek area – on the backside of Aspen Mountain – single family off-the-grid home, 2000 Midnight Mine Road, Aspen, CO: Sold Price: $1,750,000/$525 sq ft unfurnished. More details below photos.

MLS #122313 – Aspen, West Aspen, Castle Creek area – on the backside of Aspen Mountain – single family off-the-grid home, 2000 Midnight Mine Road, Aspen, CO: Sold Price: $1,750,000/$525 sq ft unfurnished. Asking Price: $2,500,000. (Original Price: $7,500,000 and 2,642 days on the market since 09/15/2006.) This is a 2009 built, 3 bedroom/1 bath/2 three-quarter bath, 3,330 sq ft single family home with 3 car garage on 8.5 acres. See Sept. 2009 Aspen Times article, “Architect Builds His Dream Eco House on Back of Aspen Mountain”. The broker’s comments are, “This spectacular contemporary mountain-top Aspen Mountain retreat is completely off the grid and totally secluded. Situated in an incredible setting, surrounded by National Forest, Midnight Ridge is the ultimate extreme but state-of-the-art recreational property. Hundreds of miles of trails, snow-capped mountain views, ski-in/ski-out, and abundant wildlife. Environmentally friendly technology, geothermal heat, solar power and LEED compliant construction…the ultimate in off the grid, green living, near Richmond Ridge on the backside of Aspen Mountain. This home is uniquely large for what can be built legally at present on mining claims in Pitkin County. The property was approved prior to the Pitkin County Rural and Remote changes in the Land Use Code in 2006 limiting structures to 1,000 sq ft maximum.” There was a bank note on the property of $2.5M+ according to Pitkin County records, and there were numerous offers under $2M to the bank. Winter access is limited by snowmoblie or snow cat. 2012 Taxes: $7,851. Under Contract Date: 11/11/2013; Sold Date: 12/03/2013. (Photos and broker comments courtesy of Plan B Real Estate.)

Posted on Nov. 17 – 24, 2013 blog … Another recent mining claim sale: MLS #117751 – Aspen, high mountain cabin on backside of Aspen Mountain, 0150 Hurricane Road, Aspen, CO: Sold Price: $1,600,000/$1,600 sq ft furnished. More details below photos.
MLS #117751 – Aspen, high mountain cabin on backside of Aspen Mountain, 0150 Hurricane Road, Aspen, CO: Sold Price: $1,600,000/$1,600 sq ft furnished; Asking Price: $1,750,000. (Original Price: $1,750,000 and 1,200 days on the market since 08/06/2010.) This is a 1989 built, 2 bdrm/1 bath, 1,000 sq ft single family home on 8.4 acres. Broker comments are, “Located on the back of Aspen Mountain, this quaint, Ackerman Log Cabin has the end of the road privacy, with Ski-in access from Aspen Mountain. The ultimate hide away for both summer and winter. Great views of Aspen Highlands bowl yet only a short drive to Aspen.Winter access by snow mobile” 2012 Taxes: $1,745. Under Contract Date: 09/03/2013; Sold Date: 11/18/2013. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #131912 – Aspen, Central Core, Aspen Townhouse condo, 108 W. Hyman Avneue, Unit 4, Aspen, CO: Sold Price: $845,000/$967 sq ft unfurnished. More details below photos.

MLS #131912 – Aspen, Central Core, Aspen Townhouse condo, 108 W. Hyman Avneue, Unit 4, Aspen, CO: Sold Price: $845,000/$967 sq ft unfurnished; Asking Price: $865,000. (Original Price: $825,000 and 1,043 days on the market since 02/01/2011.) This is a 1969 built/2005 remodeled, 2 bedroom/2 bath, 873 sq ft condo. Broker comments are, “You’ll love this immaculate two bedroom Aspen Townhouse that is conveniently located just 2 blocks from the downtown core. Amenities include views of Aspen Mtn and Independence Pass, small well-maintained complex with low HOA dues, two car off-street parking, common area with owner’s storage and laundry. Short term rentals and pets allowed. A delight to show.” 2012 Taxes: $1,927; HOA Dues: $1,000 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/04/2013; Sold Date: 12/10/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128407 – Aspen, Central Core, Hy-West condo, 835 E. Hyman Avenue E, Aspen, CO: Sold Price: $1,012,000/$1,059 sq ft furnished. More details below photos.

MLS #128407 – Aspen, Central Core, Hy-West condo, 835 E. Hyman Avenue E, Aspen, CO: Sold Price: $1,012,000/$1,059 sq ft furnished; Asking Price: $1,059,900. (Original Price: $1,225,000 and 1,673 days on the market since 05/15/2009.) This is a 1969 built/2012 remodeled, 2 bedroom1 bath/1 half bath, 955 sq ft condo. Broker comments are, “Enjoy the Aspen lifestyle at its best! Walk only a few blocks to the gondola and City Market. Beautifully remodeled June 2013. This building is as close as you can get to the center of town while living on a quiet street. Enjoy the great views from your living room or the large balcony. Great for full time or part time living. Dogs are welcome for owners and renters! Ski storage, bike storage, dedicated parking spot plus 41 square feet of additional heated storage. Newly remodel kitchen, granite counter tops, tile back splash, all new stainless steel appliances, sound proofed ceilings, new flat screen TVs and excellent long or short term rental income.” 2012 Taxes: $2,120; HOA Dues: $1,325 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/18/2013; Sold Date: 12/11/2013. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #131652 – Woody Creek, Little Texas single family home, 119 Little Texas Lane, Woody Creek, CO: Sold Price: $1,740,000/$591 sq ft unfurnished. More details below photos.

MLS #131652 – Woody Creek, Little Texas single family home, 119 Little Texas Lane, Woody Creek, CO: Sold Price: $1,740,000/$591 sq ft unfurnished; Asking Price: $1,895,000. (Original Price: $1,895,000 and 75 days on the market since 09/26/2013.) This is a 1995 built, 3 bedroom/2 bath/1 half bath, 2,940 sq ft single family home with 2 car garage on 0.51 acres. Broker comments are, “An idyllic riverside retreat, this 3000 sq ft cottage enjoys 75′ of Roaring Fork frontage and a delightful camplike setting amidst tall evergreens and cottonwoods. Great room with fireplace and huge deck sits in the trees and overlooks the river. 3 bedrooms on lower level, 2 of which walk out to terraced gardens. Triple pane windows and highly insulated roof makes for low utility bills. A multi-generational paradise. Development potential.” 2012 Taxes: $3,725; Under Contract Date: 09/28/2013; Sold Date: 12/10/2013. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #126518 – Snowmass Village, Ridge Run single family home, 1867 Faraway Road, Snowmass Village, CO: Sold Price: $2,231,000/$429 sq ft furnished. More details below photos.

MLS #126518 – Snowmass Village, Ridge Run single family home, 1867 Faraway Road, Snowmass Village, CO: Sold Price: $2,231,000/$429 sq ft furnished; Asking Price: 2,750,000. (Original Price: $3,450,000 and 518 days on the market since 07/20/2012.) This is a 1982 built/1997 remodeled, 4 bedroom/3 bath/1 half bath, 5,191 sq ft single family home with 2 car garage on 0.97 acres. Broker comments are, “At the Top of Ridge Run with East views of Burnt Mt, Hunter Creek, and Continental Divide. Ski access to Two Creeks. Property has Tennis Court/Sport Court, Grotto/Spa, and Wine Room.” 2012 Taxes: $9859; HOA Dues: $90 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/01/2013; Sold Date: 12/11/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

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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 970.309-6163 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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