Last week’s sales activity appears below. 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 . The 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 (9): MLS#s 130373, 132166, 117751, 130596, 130162, 129791, 131726, 124646, 116231 This link is valid until 12/24/2013.

Under Contract / Pending (5): MLS#s: 131726, 128407, 130591, 131098, 131962, 131869. This link is valid until 12/24/2013.

Aspen Snowmass Solds Last Week


MLS #130373 – Aspen, West Aspen, Maroon Creek Club single family home, 1162 Tiehack Road, Aspen, CO: Sold Price: $6,865,000/$837 sq ft unfurnished. More details below photos.

MLS #130373 – Aspen, West Aspen, Maroon Creek Club single family home, 1162 Tiehack Road, Aspen, CO: Sold Price: $6,865,000/$837 sq ft unfurnished; Asking Price: $7,350,000. (Original Price: $11,225,000 and 1,269 days on the market since 06/01/2010.) This is a 2006 built, 5 bedroom/5 bath/2 half bath, 8,035 sq ft single family home with 2 car garage on 1.03 acres. Broker comments are, “This beautiful and private estate has so much more than a typical home. If you’re looking to get out of the busyness of living in town & enjoy some peaceful surroundings, then this is where you should start. This home begins with a location that overlooks the Maroon Creek & offers the convenience of outdoor activities within walking distance (in ski or snowboard gear) to the Tiehack lift, a short walk over the bridge to the ARC, or just down the street for golf at the Maroon Creek Club. If staying home, there is a gracious & open chef’s kitchen, main floor master for comfortable one-level living, no subgrade bedrooms, & an unequaled recreation room with bar & media area. Outside are sublime patios, decks & outdoor areas w/views of Aspen Highlands & West Aspen.” 2012 Taxes: $18,941; HOA Dues: $5,028 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/18/2013; Sold Date: 11/21/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #132166 – Aspen, East Aspen, Mountain Valley contemporary single family home, 91 E. Lupine Drive, Aspen, CO: Sold Price: $6,000,000/$1,099 sq ft furnished. More details below photos.

MLS #132166 – Aspen, East Aspen, Mountain Valley contemporary single family home, 91 E. Lupine Drive, Aspen, CO: Sold Price: $6,000,000/$1,099 sq ft furnished; Asking Price: $6,000,000. (Original Price: $6,000,000; Sold before MLS.) This is a 2008 built/2010 remodeled, 5 bedroom/5 bath/1 half bath, 5,455 sq ft single family home on 0.35 acres. Broker comments are, “Sold before MLS. Buyer paid Selling Broker’s commission.” 2012 Taxes: $11,163; HOA Dues: TBD. Under Contract Date: 11/18/2013; Sold Date: 11/18/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

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 bedroom/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. See Listor for additional details.” 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 #130596 – Aspen, Central Core, Aspen West condo, 104 W. Cooper Avenue 3, Aspen, CO: Sold Price: $2,800,000/$1,750 sq ft furnished. More details below photos.

MLS #130596 – Aspen, Central Core, Aspen West condo, 104 W. Cooper Avenue 3, Aspen, CO: Sold Price: $2,800,000/$1,750 sq ft furnished; Asking Price: $2,880,000. (Original Price: $2,880,000 and 144 days on the market since 06/28/2013.) This is a 1972 built/2013 remodeled, 2 bedroom/2 bath,1,600 sq ft condo. Broker comments are,”Number Three on Koch Park has been given a superstar makeover. Absolutely fabulous decor, sophisticated and contemporary. Perfect location, quiet and serene with unobstructed mountain views, yet steps from all that the core has to offer. This property will seduce the most discerning buyer. Extra storage, 2 parking spaces and fully equipped for leasing makes this unit an extremely attractive rental prospect or a move-in ready home.” 2012 Taxes: $3,807; HOA Dues: $2,700 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/05/2013; Sold Date: 11/19/2013. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #130162 – Aspen Central Core, Aspen Alps Condo, 700 Ute Avenue, Unit 105, Aspen, CO: Sold Price: $1,250,000/$1,106 sq ft furnished. More details below photos.

MLS #130162 – Aspen Central Core, Aspen Alps Condo, 700 Ute Avenue, Unit 105, Aspen, CO: Sold Price: $1,250,000/$1,106 sq ft furnished; Asking Price: $1,385,000. (Original Price: $1,385,000 and 140 days on the market since 06/06/2013.) This is a 1063 built, 2 bedroom/2 bath, 1,130 sq ft condo. Broker comments are, “An incredible value – the least expensive unit in the full amenities Aspen Alps condominium complex (front desk mgmt, pool/sauba/jacuzzi, athletic facilities, shuttle transportation). At the base of Aspen Mountain, this unique unit has one of the best locations in the Alps. This lower level walk out has one of the largest patios in the complex, perfect to sit and enjoy sunny days and starry nights. It affords perfect views of the skiers on Aspen Mountain or a large gathering for a cocktail party. The den can be closed off to make a third bedroom. Convenient to both the pool and the health club, it is an easy flat walk to the core of Aspen. A heated covered parking space is included. The Alps amenities complete this package with the health club and spa, pool, jacuzzi, tennis courts, van to take you around town and the airport and concierge services. Excellent rental potential.” 2012 Taxes: $3,100; HOA Dues: $1,597 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/20/2013; Sold Date: 10/24/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #129791 – Aspen, West Aspen, Maroon Creek Club single family lot, 16 S. Willow Court, Aspen, CO: Sold Price: $1,975,000. More details below photos.

MLS #129791 – Aspen, West Aspen, Maroon Creek Club single family lot, 16 S. Willow Court, Aspen, CO: Sold Price: $1,975,000; Asking Price: $2,250,000. (Original Price: $5,900,000 and 2,032 days on the market since 04/29/2008.) This is a 0.36 acre single family lot in the Maroon Creek Club subdivision. Broker comments are, ” Enjoy panoramic views from this spectacular, gently sloped single family corner lot located in the desirable Maroon Creek Club at the base of Tiehack Ski Area. The new, high-speed quad ski lift delivers you to the top of the newly revitalized, gladed, rolling terrain of Tiehack in 7-minutes or less! Well-maintained hiking/biking trails are in abundance just steps from your future dream home! Easy, buildable lot with allowable F.A.R. of 6,000 sq. ft. Allowable below grade square footage is subject to review.” 2012 Taxes: $30,935; HOA Dues: $3,893 Yr. Under Contract Date: 10/10/2013; Sold Date: 11/19/2013. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #131726 – Aspen, Central Core commercial, 200 E. Main Street, Aspen, CO: Sold Price: $2,450,000/$673 sq ft. More details below photos.

MLS #131726 – Aspen, Central Core commercial, 200 E. Main Street, Aspen, CO: Sold Price: $2,450,000/$673 sq ft; Asking Price: $2,950,000. (Original Price: $2,950,000 and 57 days on the market since 10/04/2013.) This is a 1990 built, 3,640 sq ft commercial building. Broker comments are, “Charming commercial has high visibility on the corner of Aspen and Main Street. Property is in excellent condition and features 7 private offices plus a conference room, kitchen, two bathrooms, plus a shower, and 3 on-site parking spaces. Ideal for end users such as doctors, architects, accountants and financial services.” 2012 Taxes: $14,935. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/18/2013; Sold Date: 11/20/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #124646 – Aspen, Central Core, Durant Mall Condo commercial space, 710-720 E. Durant Avenue: Units E1,5-7;M1-3;W4-10;P16,17,19, Aspen, CO: Sold Price: $3,265,000/$256 sq ft. More details below photos.

MLS #124646 – Aspen, Central Core, Durant Mall Condo commercial space, 710-720 E. Durant Avenue: Units E1,5-7;M1-3;W4-10;P16,17,19, Aspen, CO: Sold Price: $3,265,000/$256 sq ft; Asking Price: $4,000,000. (Original Price: $6,000,000 and 627 days on the market since 03/12/2012.) This is a 1975 built, 12,749 sq ft commercial building. Broker comments are, “Rare opportunity to purchase 37% of the Durant Mall Condominium Building. Located 1 block from the Little Nell Hotel and the Gondola. 17 units, including approximately 610 SF of Retail space on the main level, 8,156 SF of Office space on the 2nd level, 765 SF of Unenclosed areas on the patio level and 9 Parking spaces on the garage level. Does not include units occupied by Grog Shop, Jour de Fete & former CB RE office.” 2012 Taxes: $55,524; HOA Dues: $98,299. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/23/2013; Sold Date: 11/20/2013. (Photos and broker comments courtesy of Setterfield and Bright.)

MLS #116231 – Snowmass Village, Country Club single family home, 477 Fairway Drive, Snowmass Village, CO: Sold Price: $2,320,000/$781 sq ft. More details below photos.

MLS #116231 – Snowmass Village, Country Club single family home, 477 Fairway Drive, Snowmass Village, CO: Sold Price: $2,320,000/$781 sq ft; Asking Price: $2,499,900. (Original Price: $4,000,000 and 1,295 days on the market since 05/10/2010.) This is a 2007 built, 4 bedroom/4 bath/1 three-quarter bath, 2,967 sq ft single family home with 2 car garage. Broker comments are, “This house is new from the foundation up. Custom home with Elevator, A/C, Electric Shades & Awnings, Cherry Wood floors, Three sinks in the kitchen, wine cooler, espresso machine, ribbon fireplace, Fireplace in Master. Outdoor entertainment area includes swim spa, BBQ, Panoramic Views, Cross Country out your back door or Cruse home. Snowmelt, Cat 3 wired. Smart House Technology. Ski access across the street at Two Creeks. Cul-d-sac, Trot the path to the Snowmass Club. On the golf course endless views. Winter cross country trail. World class skiing at Snowmass Aspen Colorado. This home is priced to sell. You will not find air conditioning or an elevator in this price range. This custom home is a must see.” 2012 Taxes: $7,465; HOA Dues: $200 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 090/28/2013; Sold Date: 11/19/2013. (Photos and broker comments courtesy of Steadman & Co.)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.309-6163. Subscribe to The Estin Report and blog 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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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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