Aspen Real Estate Market Last Week’s Sales: May 29 – June 5, 22 – Week 22
The May 2022 Aspen Market Snapshot was posted on 6/03/22 in the Estin Reports section.
Q1 2022 (Jan 1 – Mar 31) Aspen Real Estate Market Historic Charts Q1 2011 – Q1 2022 were posted in Estin Reports Charts Section
The Estin Report: H2 & YR 2021 Aspen Snowmass Real Estate Market Report – was posted online 01/16/22 in the Estin Reports section. The online report is covers the entire year Jan 1 – Dec 31, 2021; the print edition made available for the Christmas-New Years Holiday Season covers Jan 1 – Dec 6, 21. While the conclusions are the same, the data is different. See Aspen Times Jan 02, 2022 year end article on the market The 32-page report compares year over year results and historical data from the past 10+ years. The print edition is available in brochure racks around town, at the airport and in front of Sotheby’s offices at 300 S. Spring #100 (my office) and 415 E. Hyman in the mall.
Blog Posted June 6, 2022 – Aspen CO real estate market activity, Week 22
Closed (11): MLS#s: 175234, 172546, 173266, 174103, 174104, 174814, 171646, 172572, 174249, 174899, 174075. This link is valid until 7/05/2022.
Under Contract/Pending (3): MLS#s: 174627, 175069, 175249. This link is valid until 7/05/2022.
Sold Properties Last Week:
MLS # 175234- West End, 350 & 360 Lake Avenue, Aspen, CO; Vacant land for sale; Sold Price: $30,800,000. Sold Date: 05/27/2022. More details below photos.
MLS # 175234- West End, 350 & 360 Lake Avenue, Aspen, CO; Vacant land for sale; Sold Price: $30,800,000. Sold Date: 05/27/2022. Ask Price: $35,000,000. (Original Price: $35,000,000 and on the market since 05/30/2022. The sellers paid $9.2M in 2000) This is a 0.77 acre, or 32,860 sq ft, combined 2 lots. Tim’s comments: This was an off market sale. It is for an oversized land holding (2 combined lots) along one of Aspen’s most prestigious streets, Lake Avenue and along the edge of Hallam Lake and the Roaring Fork River in Aspen’s historic West End. The seller was Rob Walton, former chairman of Walmart and the eldest son of Walmart founder Sam Walton. The Waltons had a smaller home on the property that they tore down about 3-4 years ago to build a new home. A new foundation was completed but the new residence was not. In order for a new owner to build on the property, permits must be re-applied for and given current new construction uncertainty within the City of Aspen due to a 6 month building moratorium – recently extended for two additional months to August 2022 – it is not clear what and how big a new home can be built on the property. Given the size of the property, any new home will obviously be considerable. 2021 taxes: $79,247. Under Contract Date: 05/27/2022; Sold Date: 05/27/2022. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS #172546 – 620 E Hopkins, Central Core, 620 E Hopkins Avenue PH, Aspen, CO; Sold Price: $9,925,000/$3,832 sq ft; unfurnished. Sold Date: 06/01/2022. More details below photos.
MLS #172546 – 620 E Hopkins FKA Totems, Central Core, 620 E Hopkins Avenue PH, Aspen, CO; Sold Price: $9,925,000/$3,832 sq ft; unfurnished. Sold Date: 06/01/2022. Ask Price: $10,000,000. (Original Price: $10,000,000 and on the market since 10/26/2021.) This is a 1981 built and 2006 remodeled, 3 bedroom/3 bath, 2,590 sq ft condo. Tim’s comments: This is a downtown Aspen 3-level penthouse with the primary bedroom area on an upper loft level with direct frontal views of Aspen Mountain. The unit gives of a retro-cool early 80’s vibe and some would say the unit’s aesthetic never really went out of fashion. The living room has double height ceilings framing Aspen Mountain perfectly. A wood burning fireplace (outlawed in Pitkin County since 1995) and one covered parking space comes with the property. Under Contract Date: 01/29/2022; Sold Date: 06/01/2022. (Photos and broker comments courtesy of Douglas Elliman Real Estate)
MLS # 173266 – Mountain Queen, Central Core, 800 S Monarch Street 13, Aspen, CO; Sold Price: $7,000,000/$4,227 sq ft; furnished. Sold Date: 05/31/2022. More details below photos.
MLS # 173266 – Mountain Queen, Central Core, 800 S Monarch Street 13, Aspen, CO; Sold Price: $7,000,000/$4,227 sq ft; furnished. Sold Date: 05/31/2022. Ask Price: $7,500,000. (Original Price: $8,500,000 and on the market since 01/05/2022.) This is a 1974 built and 2007 remodeled, 3 bedroom/2 bath/1 half-bath, 1,656 sq ft condo. Tim’s comments: This is an older ski in/out condo on the edge of Lift 1A ski trail. The location at the the base of Aspen Mountain’s Lift 1A is slated to undergo a radical transformation as two new hotels, the Gorsuch House (the unbuilt project – land, permits and entitlements – purchased in Feb 2022 by Aman Resorts owner Vladislav Doronin for $76M and the Lodge at Lift One, permitted and ready to pull a building permit, and the re-alignment of Lift 1A itself by the Aspen Ski Co that is to be moved further downhill closer to Durant Ave and more skier access friendly. 2021 taxes: $9,682; HOA Dues: $33,301. Under Contract Date: 04/14/2022; Sold Date: 05/31/2022. (Photos and broker comments courtesy of Berkshire Hathaway Home Services Signature Properties)
MLS #174103 – Der Berghof, Central Core, 100 E Cooper Avenue 7, Aspen, CO; Sold Price: $6,900,000/$4,726 sq ft; furnished. Sold Date: 06/03/2022. More details below photos.
MLS #174103 – Der Berghof, Central Core, 100 E Cooper Avenue 7, Aspen, CO; Sold Price: $6,900,000/$4,726 sq ft; furnished. Sold Date: 06/03/2022. Ask Price: $7,500,000. (Original Price: $7,500,000 and on the market since 03/18/2022. The seller paid $4.75M on 05/17/21.) This is a 1962 built and 2022 remodeled, 3 bedroom/3 bath, 1,460 sq ft condo. Tim’s comments: This condo is a top floor corner 3 bedroom condo in one of Aspen’s newest contemporary rebuilt condo complexes, Der Berghof. 2021 taxes: $8,038; HOA Dues: $10,516. Under Contract Date: 04/05/2022; Sold Date: 06/03/2022. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 174104 – Fifth Ave Condo, Central Core, 800 S Mill Street #10B, Aspen, CO; Sold Price: $6,000,000/$5,489 sq ft; furnished. Sold Date: 05/31/2022. More details below photos.
MLS # 174104 – Fifth Ave Condo, Central Core, 800 S Mill Street #10B, Aspen, CO; Sold Price: $6,000,000/$5,489 sq ft; furnished. Sold Date: 05/31/2022. Ask Price: $6,800,000. (Original Price: $6,800,000 and on the market since 03/18/2022.) This is a 1965 built and 2018 remodeled, 3 bedroom/2 bath, 1,093 sq ft condo. Tim’s comments: Beautifully remodeled top floor corner 3 bedroom turn key condo one block from Aspen Mountain Gondola. This was a very particular deal that included a 10-year luxury vacation rental lease agreement which benefited the buyer with their specific situation. The sold price per sq ft sets a new record for a downtown condominium that is not considered a penthouse. However, it would be a mistake to consider this a fair comparable due to the unique circumstances … even though it was an actual sale. 2021 taxes: $5,565; HOA Dues: $13,540. Under Contract Date: 04/13/2022; Sold Date: 05/31/2022. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS #174814 – Aspen Square, Central Core, 617 E Cooper Avenue 110, Aspen, CO; Sold Price: $6,000,000/$3,588 sq ft; furnished. Sold Date: 05/31/2022. More details below photos.
MLS #174814 – Aspen Square, Central Core, 617 E Cooper Avenue 110, Aspen, CO; Sold Price: $6,000,000/$3,588 sq ft; furnished. Sold Date: 05/31/2022. Ask Price: $6,350,000. (Original Price: $6,350,000 and on the market since 05/02/2022.) This is a 1969 built and 2003 remodeled, 3 bedroom/3 bath, 1,672 sq ft condo with common car garage. Tim’s comments: Centrally located downtown rare 3 bedroom unit. This unit is the result of 2 units combined creating the largest sized condo in the Aspen Square complex. City of Aspen zoning no longer allows for units to be combined as it lowers the downtown bed count The unit is located on the 1st floor close to complex amenities that include swimming pool, hot tub, spa, workout facilities and conference area. Superb rental income. 2020 taxes: $8,718; HOA Dues: $66,722. Under Contract Date: 05/03/2022; Sold Date: 05/31/2022. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
MLS #171646 – Brush Creek Village, 244 Medicine Bow Road, Aspen, CO; Sold Price: $3,800,000/$847 sq ft; partial furnished. Sold Date: 05/23/2022. More details below photos.
MLS #171646 – Brush Creek Village, 244 Medicine Bow Road, Aspen, CO; Sold Price: $3,800,000/$847 sq ft; partial furnished. Sold Date: 05/23/2022. Ask Price: $4,100,000. (Original Price: $4,100,000 and on the market since 08/19/2021.) This is a 1992 built and 2000 remodeled, 4 bedroom/3 bath/1 half-bath, 4,484 sq ft single family home on an 87,120 sq ft lot with an oversized 2 car garage. Tim’s comments: This redevelopment opportunity on a 2-acre lot is located in Brush Creek Village, a hillside subdivision opposite the RFTA Bus Intercept Lot, halfway between Aspen and Snowmass Village. The 2-5 acre subdivision sites allow for multiple uses and importantly, can accommodate equestrian facilities. This property has a horse barn with office. 2020 taxes: $4,740; HOA Dues: $75. Under Contract Date: 02/19/2022; Sold Date: 05/23/2022. (Photos and broker comments courtesy of The Peer Group)
MLS #172572 – Brush Creek Village, 474 Upper Ranch Road, Aspen, CO; Sold Price: $3,300,000/$1,244 sq ft. Sold Date: 05/31/2022. More details below photos.
MLS #172572 – Brush Creek Village, 474 Upper Ranch Road, Aspen, CO; Sold Price: $3,300,000/$1,244 sq ft. Sold Date: 05/31/2022. Ask Price: $3,500,000. (Original Price: $3,700,000 and on the market since 10/28/2021.) This is a 1988 built and 2021 remodeled, 3 bedroom/1 bath, 2,652 sq ft single family home with 1 car garage on a 87,120 sq ft lot. Tim’s comments: This property is located in Brush Creek Village, halfway between Aspen and Snowmass Village. The like new 3 level, 3 bedroom, 3 bath home with vaulted ceilings and an open living area floorplan overlooks Cozy Point Ranch and facing north and east towards Independence Pass and Continental Divide. 2020 taxes: $4,678; HOA Dues: $1,148. Under Contract Date: 04/12/2022; Sold Date: 05/31/2022. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty)
MLS # 174899- 700 W Hopkins, West End, 710 W Hopkins Avenue 13, Aspen, CO; Sold Price: $897,000/$2,373 sq ft; partial furnished. Sold Date: 05/31/2022. More details below photos.
MLS # 174899- 700 W Hopkins, West End, 710 W Hopkins Avenue 13, Aspen, CO; Sold Price: $897,000/$2,373 sq ft; partial furnished. Sold Date: 05/31/2022. Ask Price: $945,000. (Original Price: $945,000 and on the market since 05/09/2022.) This is a 1975 built and 1993 remodeled, 1 bedroom/1 bath, 378 sq ft condo. Tim’s comments: Located on the quiet west end of the West Hopkins pedestrian / bike route, this is a comfortable and light one bedroom, pied a terre condo with A/C, one covered parking area, ski storage and laundry and common storage in the basement. Biking and hiking trails are just out the door. 2020 taxes: $1,400; HOA Dues: $4,760. Under Contract Date: 05/13/2022; Sold Date: 05/31/2022. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International).
MLS #174249 – Capitol Peak, -Snowmass Village, 90 Carriage Way 3518, Snowmass Village, CO; Sold Price: $2,575,000/$2,922 sq ft; furnished. Sold Date: 05/31/2022. More details below photos.
MLS #174249 – Capitol Peak, -Snowmass Village, 90 Carriage Way 3518, Snowmass Village, CO; Sold Price: $2,575,000/$2,922 sq ft; furnished. Sold Date: 05/31/2022. Ask Price: $2,499,000. (Original Price: $2,499,000 and on the market since 03/30/2022.) This is a 2008 built, 2 bedroom/2 bath, 881 sq ft condo with common car garage. Tim’s comments: Centrally located 2 bedroom Base Village penthouse unit with the BV Mall and the Old Snowmass Mall, the Elk Camp Gondola and chairlift just steps out the door for the most convenient, simple ski in and ski out experience anywhere. Vaulted ceilings, custom finishes and designer furnishings throughout.. 2021 taxes: $7,016; HOA Dues: $15,328. Under Contract Date: 04/25/2022; Sold Date: 05/31/2022. (Photos and broker comments courtesy of Aspen Snowmass Real Estate, LLC)
MLS #174075 – Aspen Village, Woody Creek, 70 Half Inch, Aspen, CO; Sold Price: $585,000/$571 sq ft; furnished. Sold Date: 05/31/2022. More details below photos.
MLS #174075 – Aspen Village, Woody Creek, 70 Half Inch, Aspen, CO; Sold Price: $585,000/$571 sq ft; furnished. Sold Date: 05/31/2022. Ask Price: $650,000. (Original Price: $650,000 and on the market since 03/17/2022.) This is a 2002 built, 2 bedroom/2 bath, 1,024 sq ft single family home. Tim’s comments: This is an entry point opportunity to be in the Aspen School District, reasonably close to Aspen and in the Roaring Fork Valley. Aspen Village is a former mobile home park where lot sizes are typically the size of a mobile home, 100’ x 300’. The property includes a recently remodeled primary bathroom, 2-car parking area, a sunny yard with two raised garden beds and two storage sheds. The Rio Grande Trail is a short distance away and a community swimming pool is nearby. 2021 taxes: $3,662. Under Contract Date: 04/14/2022; Sold Date: 05/31/2022. (Photos and broker comments courtesy of Coldwell Banker Mason Morse)
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