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 (9): MLS #s: 131210, 128875, 131991, 131044, 132044, 132047, 132254, 132116, 126775, 131699. This link is valid until 01/22/2014.
Under Contract / Pending (8): MLS #s: 132148/132149, 132321, 132384, 132211, 132396, 132397, 129718. This link is valid until 01/22/2014.
Aspen Snowmass Solds Last Week
MLS #131210 – Aspen, Central Core, Brownstone condo, 208 S. Spring Street, Unit 1, Aspen, CO: Sold Price: $3,700,000/$1,572 sq ft. More details below photos.
MLS #131210 – Aspen, Central Core, Brownstone condo, 208 S. Spring Street, Unit 1, Aspen, CO: Sold Price: $3,700,000/$1,572 sq ft; Asking Price: $3,950,000. (Original Price: $3,950,000 and 127 days on the market since 08/13/2013.) This is a 1989 built, 3 bedroom/3 bath/1 half bath, 2,353 sq ft condo with 2 car garage. Broker comments are, “This elegant townhome/duplex is located in the desirable and sought-after Central Core of Aspen, 2.5 blocks to the Gondola and Hyman Street Mall. Contemporary elegance best describes this Larry Yaw designed unique home which exhibits custom woodwork and cabinetry throughout. This 3 Bedroom, 3.5 Bath, 2 Car Garage solid brick home with 4 decks is surrounded by a brick perimeter wall which provides privacy and a border for an impeccably manicured lawn and flower garden. The totally remodeled and redesigned interior features floor to ceiling windows and skylights. The open floor plan, a gorgeous Italian crystal chandelier, and custom backlit cherry wine cabinet affords luxury and comfort with great entertaining possibilities. Two fireplaces, one gas, one wood burning.” 2012 Taxes: $5,825. Under Contract Date: 10/09/2013; Sold Date: 12/16/2013. (Photos and broker comments courtesy of Premier Residential Properties.)
MLS #128875 – Aspen, East Aspen, Aspen View condo, 326 Midland Avenue 304, Aspen, CO: Sold Price: $372,810/$597 sq ft furnished. More details below photos.
MLS #128875 – Aspen, East Aspen, Aspen View condo, 326 Midland Avenue 304, Aspen, CO: Sold Price: $372,810/$597 sq ft furnished; Asking Price: $399,000. (Original Price: $399,000 and 283 days on the market since 03/01/2013.) This is a 1971 built/2004 remodeled, 1 bedroom/1 bath, 624 sq ft condo. Broker comments are, “Wonderfully remodeled spacious one bedroom condo is furnished and turn-key. Quiet ”tucked away” complex near Smuggler Mountain hiking trails and only a few minutes walk from the core. Nice kitchen with large pantry, gas fireplace, new carpet, updated furniture, large balcony, quiet top floor location and assigned parking. Lawn area with gas grill. Low condo fees that include heat. Extra individual storage unit in building basement. Perfect for year round living or as a second home get-a-way. Also well suited for close-in living situation for local residents.” 2012 Taxes: $1,319; HOA Dues: $1,072 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/23/2013; Sold Date: 12/09/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)
MLS #131991 – Aspen, Central Core, 250 S. Original Street Unit F, Aspen, CO: Sold Price: $1,055,000/$737 sq ft furnished. More details below photos.
MLS #131991 – Aspen, Central Core, 250 S. Original Street Unit F, Aspen, CO: Sold Price: $1,055,000/$737 sq ft furnished; Asking Price: $1,075,000. (Original Price: $1,025,000 and 1,089 days on the market since 12/27/2010.) This is a 1965 built/2003 remodeled, 3 bedroom/2 bath, 1,025 sq ft condo. Broker comments are, “This remodeled 3 bedroom, 2 bathroom condo is located in the central core of Aspen. Granite counter tops, marble bath, top level living space, large central skylight. This well-appointed fully furnished condo is one of the best 3 bedroom buys in the central core. 4 blocks from the Gondola, across the street from Jean-Roberts & 2 blocks from City Market, this well located condo is a great opportunity to be in town or accessible to it all. Bonus 409 sq ft of storage area exclusively to Unit F. What a find. Easy to show. “ 2012 Taxes: $2,327; HOA Dues: $1,135 Qtr. City of Aspen RETT Transfer Tax of approx.. 1.5% payable by buyer. Under Contract Date: 11/05/2013; Sold Date: 12/19/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)
MLS #131044 – Aspen, Central Core, Durant condo, 728 S. Galena Street 201b, Aspen, CO: Sold Price: $1,350,000/$1,227 sq ft furnished. More details below photos.
MLS #131044 – Aspen, Central Core, Durant condo, 728 S. Galena Street 201b, Aspen, CO: Sold Price: $1,350,000/$1,227 sq ft furnished; Asking Price: $1,595,000. (Original Price: $1,595,000 and 138 days on the market since 08/01/2013.) This is a 1984 built/2005 remodeled, 2 bedroom/2 bath, 1,100 sq ft condo. Broker comments are, “Turn-key 2 bedroom / 2 bath, great views, ski access and an easy stroll to central core shops, restaurants and night life.” 2012 Taxes: $3,339; HOA Dues: $tbd. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/09/2013; Sold Date: 12/17/2013. (Photos and broker comments courtesy of B.J. Adams & Co.)
MLS #132047 – Aspen, Central Core, Chateau Eau Claire condo, 1034 E. Cooper Avenue 24A, Aspen, CO: Sold Price: $2,400,000/$1,600 sq ft unfurnished.
(MLS 130090: Photos are of Chateau Eau Claire Unit 24A that sold in Sept 2013. It has been remodeled and sold again 3 months later at $2.4M. No photos available of the upgrade work. These photos courtesy of Aspen Snowmass Sothebys International Real Estate.)
MLS #132047 – Aspen, Central Core, Chateau Eau Claire condo, 1034 E. Cooper Avenue 24A, Aspen, CO: Sold Price: $2,400,000/$1,600 sq ft unfurnished: Asking Price: $2,850,000. (Ask and Original Price: $2,850,000 and 46 days on the market since 11/07/13.) This is a 1972 built, unique corner riverfront, 2 bedroom/2 bath, 1,500 sq ft condo remodeled in fall 2013. This unit was purchased for $1.8M in Sept. 2013 (MLS 130090). Broker comments are, “Spectacularly renovated river-level pied a terre that is absolutely one of a kind. Gorgeous contemporary finishes and corner end unit on the river with stunning views of the private river exposure from the living room and master suite. This former three bedroom has been converted to a two bedroom to allow for a knock out spacious master bedroom that lives like a home on the river. Two real wood burning fireplaces. Walk-in steam shower, separate tub and double vanity spacious master bath. Glass enclosed sunroom for breakfasts and reading right on the river, extensive, private Flagstone patio, plus a brand new hot tub for the building just out your front door.” 2012 Taxes: $4,189; HOA Dues: $4,155 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/04/2013; Sold Date: 12/20/2013. (Broker comments courtesy of Whitman Fine Properties.)
MLS #132254 – Aspen, Bank REO Sale, Smuggler Area, Silverlode single family home, 387 Silverlode Drive, Aspen, CO: Sold Price: $3,510,000/$818 sq ft unfurnished. More details below photo.
MLS #132254 – Aspen, Bank REO Sale, Smuggler Area, Silverlode single family home, 387 Silverlode Drive, Aspen, CO: Sold Price: $3,510,000/$818 sq ft unfurnished; Asking Price: $3,450,000. (Original Price: $5,950,000 and 1,769 days on the market since 02/12/2009.) This is a 1997 built, 5 bedroom/4 bath/1 half bath,, 4,288 sq ft single family home with 2 car garage on 0.34 acres. This was a bank sale that generated a lot of immediate attention and bidding activity – competing buyers were asked for “best and final” by bank with an 18-hr deadline. The property went under contract within one week of listing. The winning bid: highest offer price, all cash, highest earnest money, fastest time to close with very limited due diligence – review of title only. Broker comments are, “Stunning custom single family home with incredible views Aspen Mountain, town and southwest views. This beautiful home features 5 bedrooms, 4.5 bathrooms, huge master suite, bright open floor plan, & attached 2-car garage. Nicely finished throughout with huge vaulted ceilings, Granite countertops, stone bathrooms, steam shower, jetted bathtubs, custom wood work, 3 fireplaces, gleaming hardwood floors, & so much more. Great location just minutes by foot to downtown Aspen. A stunning home at an incredible value. Sold as is. Buyer to verify HOA. 2012 Taxes: $9,446; HOA Dues: $400 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/10/2013; Sold Date: 12/17/2013. (Photos and broker comments courtesy of Mercury Alliance Mountain Properties.)
MLS #132116 – Aspen, West End, Albano duplex, 121 W. Hyman Avenue B, Aspen, CO: Sold Price: $4,350,000/$1,491 sq ft furnished. More details below photos.
MLS #132116 – Aspen, West End, Albano duplex, 121 W. Hyman Avenue B, Aspen, CO: Sold Price: $4,350,000/$1,491 sq ft furnished; Asking Price: $4,800,000. (Original Price: $4,800,000 and 37 days on the market since 11/14/2013.) This is a 1982 built/2012 remodeled, 4 bedroom/4 bath/1 half bath, 2,917 sq ft duplex with one car garage on 0.14 acres. Broker comments are, “A rare opportunity to own a four bedroom downtown duplex on a quiet street with Aspen Mountain views. Remodeled in 2012, this West Hyman property enjoys the quiet of a residential neighborhood and is just a half mile to the Aspen Mountain Gondola. Boasting Aspen Mountain views and a walk out terrace complete with hot tub off the generous great room. High ceilings, all en-suite bedrooms, and a one car garage, this is the place your clients have been looking for.” 2012 Taxes: $9,647. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/26/2013; Sold Date: 12/20/2013. (Photos and broker comments courtesy of Shane Aspen Real Estate.)
MLS #126775 – Woody Creek, Wood Creek single family home, 1226 Woody Creek Road, Woody Creek, CO: Sold Price: $1,900,000/$867 sq ft unfurnished. More details below photos.
MLS #126775 – Woody Creek, Wood Creek single family home, 1226 Woody Creek Road, Woody Creek, CO: Sold Price: $1,900,000/$867 sq ft unfurnished; Asking Price: $1,999,000. (Original Price: $3,250,000 and 1,169 days on the market since 10/05/2010.) This is a 1979 built/1999 remodeled, 4 bedroom/2 bath, 2,189 sq ft single family home on 6.23 enchanted cottonwood tree covered, river acres. Broker comments are, “Park-like, very secluded end of the road setting, with over 500 feet of Woody Creek frontage. Old growth cottonwoods, natural springs, bird and trout habitat. Organic meadow of natural grasses and wildflowers. Unique hand-built log and frame home with approval to expand or re-build. By code, no neighboring property can disturb the pristine privacy. The 94 shares of Salvation Ditch water is included and can be brought in for use. Horses permitted; no covenants.” 2012 Taxes: $5,229. Under Contract Date: 11/01/2013; Sold Date: 12/10/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)
MLS #131699 – Snowmass Village, Bank Owned, Snowmass Mountain condo, 0055 Upper Woodbridge Road K-1, Snowmass Village, CO: Sold Price: $318,200/$331 sq ft unfurnished. More details below photos.
MLS #131699 – Snowmass Village, Bank Owned, Snowmass Mountain condo, 0055 Upper Woodbridge Road K-1, Snowmass Village, CO: Sold Price: $318,200/$331 sq ft unfurnished; Asking Price: $318,200. (Original Price: $318,200 and 73 days on the market since 10/02/2013.) This is a 1973 built, 2 bedroom/2 bath, 959 sq ft condo. Broker comments are, “Two bedroom, two bath unit with lots of potential! Two sliding glass doors open to patio with nice views and natural light to the living, dining & kitchen area. Unit includes a stackable washer/dryer. The Snowmass gondola is a short walk to the bridge overpass or hop on the shuttle which stops in the complex. Complex includes a pool, hot tub, and work out facility. Completed major exterior renovation with snowmelt driveway in November 2011. 2012 Taxes: $1,011; HOA Dues: 1,430 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/16/2013; Sold Date: 12/13/2013. (Photos and broker comments courtesy of McKinley Sales.)
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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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