The Estin Report Aspen Snowmass Weekly Real Estate Sales Update and Trends: Closed (5) and Under Contract (12): July 22 – 29, 2012

Scroll down page past the 2Q/1H 2012 State of the Aspen Market report for last week’s market activity. The past month’s blog posts appear below and links to prior blog entries are listed chronologially at the bottom of this page – use down arrow to quickly access them.

Tim Estin is a leading Aspen broker with Coldwell Banker Mason Morse located in the center of downtown. This blog, Tim Estin’s www.AspenRealEstateBlog.com, is released Monday mornings and sometimes in-between. The Estin Reports are released as monthly snapshots, quarterly & semi-annually, 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, it’s here..

The Estin Report: Mid-Year 2012 – 2nd Quarter/1st Half State of the Aspen Market

Click image for exec. summary and full report

Last Week’s Market Activiy – 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.

Under Contract / Pending (12): MLS #: 123658, 121007, 126574, 121158, 126131, 121355, 124490, 113995, 121053, 126095, 126365, 125091. This link is valid for 30 days until 08/29/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (5): MLS #: 125895, 122662, 123429, 114528, 119237. This link is valid for 30 days until 08/29/2012.

Aspen Snowmass Solds Last Week

MLS #125895 – Aspen, Central Core, Glory Hole condo, 525 S. Original Street #D, Aspen, CO: Sold Price: $1,550,000/$1,291 sq ft furnished. More details below photos.

MLS #125895 – Aspen, Central Core, Glory Hole condo, 525 S. Original Street #D, Aspen, CO: Sold Price: $1,550,000/$1,291 sq ft furnished; Asking Price: $1,700,000. (Original Price: $2,300,000 and 647 days on the market since 06/11/2010.) This is a 1968, 2 bedroom/2 bath, 1,200 sq ft condo. Broker comments are, “Convenient and worry free city living at its best. 2 blocks to gondola; 1/2 blk to market, cross the street for morning coffee in French bistro. And for the dog lover — Aspen’s favorite dog walking park is right there. Airy living room, big views, 2 fireplaces,spacious master bath w/steam shower and jetted tub; Bosch appliances; ski locker … With only six apartments the Homeowner Association is personal and well run by the owners. Fees are low and cover all utilities and building care.” 2011 Taxes: $3,519; HOA Dues: $1,937. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/30/2012; Sold Date: 07/20/2012. (Photos and broker comments courtesy of Frias Properties.)

MLS #122662 – Aspen, East Aspen, North Star single family lot, 43399 Hwy 82, Aspen, CO: Sold Price: $5,575,000/$204,287 ac. More details below photos.

MLS #122662 – Aspen, East Aspen, North Star single family lot, 43399 Hwy 82, Aspen, CO: Sold Price: $5,575,000/$204,287 ac; Asking Price: $5,950,000. (Original Price: $7,250,000 and 323 days on the market since 09/07/2011.) This is a 27.29 acre single family lot located in the beautiful North Star subdivision. Broker comments are, “Rare 27 acre home site overlooking the North Star Preserve, located less than 2 miles from downtown on the quiet east side of Aspen. The spectacular setting offers a private & abundantly treed lot, southern exposure, water rights, and gorgeous 180 degree views. A new well has been installed and a new driveway is in. The price includes two TDR’s and previously permitted plans for a 10,750 square foot home designed by Charles Cunniffe Architects. A true estate property.” 2011 Taxes: $55,803. Under Contract Date: 01/31/2012; Sold Date: 07/26/2012. The adjacent elevated Preserve view property is for sale..See this property and contact Tim Estin for more info 970.920.7387.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #123429 – Snowmass Village, Two Creeks single family home, 115 Blue Spruce Lane, Snowmass Village, CO: Sold Price: $6,456,500/$1,058 sq ft partially furnished. More details below photos.

MLS #123429 – Snowmass Village, Two Creeks single family home, 115 Blue Spruce Lane, Snowmass Village, CO: Sold Price: $6,456,500/$1,058 sq ft partially furnished; Asking Price: $8,900,000. (Original Price: $11,200,000 and 696 days on the market since 06/28/2010.) This is a 2006 built, 6 bedroom/6 bath/1 half bath, 6,099 sq ft single family home with 4+ garage on 2.34 acres. Broker comments are, “Custom Built 6 bedroom, 6.5 bath home located in Two Creeks on 2 acres with ski in/out access onto Cascade Ski Run. Over 6000 sq. ft, Stone and Timber finishes with Old World European influence, large master suite with his & her baths and closets,gourmet kitchen and adjoining media room, 4 car garage, hot tub located on large outdoor patio with wood burning fireplace, beautiful landscaped yard and creek that runs by the property.” 2011 Taxes: $29,283; HOA Dues: $190 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. (Photos and broker comments courtesy of Alpine Real Estate.)

MLS #114528 – Snowmass Village, Melton Ranch single family home, 33 Meadow Lane, Snowmass Village, CO: Sold Price: $1,500,000/$477 sq ft furnished. More details below photos.

MLS #114528 – Snowmass Village, Melton Ranch single family home, 33 Meadow Lane, Snowmass Village, CO: Sold Price: $1,500,000/$477 sq ft furnished; Asking Price: $1,950,000. (Original Price: $2,495,000 and 2,125 days on the market since 08/05/2007.) This is a 1976 built/2010 remodeled, 4 bedroom/4 bath, 3,144 sq ft single family home with 2 car garage on 0.39 acres. Broker comments are, “Outstanding, professionally remodeled 4 bed, 4 bath home in Melton Ranch. Recent top to bottom renovation including new custom kitchen, cabinets, counter tops, appliances, floors, baths, new furniture and finishes. Only 70 steps from the Snowmass free shuttle. Good views and sun. Ready to move right in and enjoy Snowmass Village’s year round amenities. Large deck for entertaining and a private back patio with jacuzzi.Can be shown on a moments notice. May trade for a ski accessible condominium and owner financing a possibility.(Google Earth Image of home location may be seen in documents.)” 2011 Taxes: $3,965; HOA Dues: $100 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/05/2012; Sold Date: 07/23/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #119237 – Snowmass Village, Country Club Homes condo, 24 Harleston Green #63, Snowmass Village, CO: Sold Price: $825,000/$681 sq ft furnished. More details below photos.

MLS #119237 – Snowmass Village, Country Club Homes condo, 24 Harleston Green #63, Snowmass Village, CO: Sold Price: $825,000/$681 sq ft furnished; Asking Price: $980,000. (Original Price: $1,750,000 and 3,497 days on the market since 11/20/2007.) This is a 1982 built, 2 bedroom/2 bath/1 half bath, 1,210 sq ft condo with 1 car garage. Broker comments are, “Luxurious, privacy and serenity best describe this 2 bedroom 2 1/2 bathroom Townhome. Located directly on the creek in the prestigious Snowmass Club, this Country Club Townhome has a private garage, cozy living spaces and views of both the creek and surrounding mountains. This is for the buyer that is seeking the privacy of a townhome, combined with the convenience of a lock-and-go second home. Golf, tennis & athletic facilities are via membership, while the trails and restaurant are open to the public.” 2011 Taxes: $3,003; HOA Dues: $1,221 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/07/2012; Sold Date: 07/23/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

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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Aspen Snowmass Real Estate Weekly Market Update Report Closed and Under Contract