August 13-20, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (12) + Under Contract / Pending (15)
The Estin Report: July 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports. The Snapshots are usually posted on or near the 1st Monday of the month.
Excerpt from July 2017 Snapshot:
“The Aspen market continues to be in hyper-sales territory. Activity is and feels super-charged. Add to that, early August is the time when buyers get real estate focused with summer’s ending in sight. This is the busiest time of year. We should see a steady stream of offers and under contracts now through the end of September. The Aspen market is bifurcated: there’s inside the roundabout and there’s outside. Aspen’s most coveted neighborhoods…”
Estin Report: Mid-Year 2017 State of Aspen Real Estate was released in June 2017 in Current Reports. The 32-Page report is available on-line as PDF and is available in print in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.
“Flip Job” Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (06/14/17) as additional re-sale properties come on the market at significantly higher prices.
A “Read more” link has been recently added under the 1st of last week’s sold properties displayed below. This will improve site performance.
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Market Activity Week 34, August 13 – 20, 2017
Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr 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 here to preserve an archive of sold market activity. Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen real estate, the information should be here.
Closed (12): MLS#s 142326, 142683, 145009, 145521, 146214, 147009, 147506, 147541, 147687, 149735, 149939, 150515. This link is valid until 9/19/2017.
Under Contract/Pending (15): MLS#s 141942, 141826, 142830, 143711, 144439, 144440, 145207, 147254, 148068, 149369, 149519, 149521, 149780, 150273, 150366. This link is valid until 9/19/2017.
Aspen Snowmass Solds Last Week:
MLS #149939 – White Horse Springs, McLain Flats, 2780 Mclain Flats Road, Aspen, CO. Sold Price: $10,500,000/$1,098 sq ft; partial-furnished. More details below photos.
MLS #149939 – White Horse Springs, McLain Flats, 2780 Mclain Flats Road, Aspen, CO. Sold Price: $10,500,000/$1,098 sq ft; partial-furnished. Aspen single family home for sale. Ask Price: $12,750,000. (Original Price: $15,500,000 and 1,112 days on the market since 06/26/2014.) This deal is testament to the better property values available just outside the Aspen core. The McLain Flats/Starwood area is absolutely beautiful with gorgeous, drop dead high mountain panoramic views. This is a 2013 built, 7 bedroom/7 bath/1 half-bath, 9,952 sq ft single family home with 4+ car garage on a 4.23 acres lot. Broker comments are “Contemporary residence with soaring spaces, consistently awash in natural light has drop-dead views from Independence Pass to Mt. Sopris. This six-bedroom home replete with state of the art amenities, plus a one-bedroom guest house and small barn. A neutral palate accommodates any taste. The finest finishes and craftsmanship are found throughout this sculptural masterpiece.” 2016 taxes: $30,364; HOA Dues: $1,530 per Yr. Under Contract Date: 07/30/2017; Sold Date: 08/15/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #145009 – Ridge of Red Mountain, Red Mountain, 27 Nighthawk Drive, Aspen, CO. Sold Price: $8,500,000/$1,619 sq ft; furnished. More details below photos.
MLS #145009 – Ridge of Red Mountain, Red Mountain, 27 Nighthawk Drive, Aspen, CO. Sold Price: $8,500,000/$1,619 sq ft; furnished. Aspen single family home for sale. Ask Price: $8,985,000. (Original Price: $9,450,000 and 399 days on the market since 07/07/2016. Prior closing: 05/18/15 at $5.6M/$1,067 sq ft.) This is a 2002 built and 2016 spec remodel, 4 bedroom/4 bath/2 half-bath, 5,250 sq ft single family home with 2 car garage on a 15,681 sq ft lot. The house is located at the intersection of Draw Dr and Nighthawk, in a small valley, with limited Red Mountain views. Broker comments are “This stunning contemporary re-envisioning of a mountain classic, with no detail overlooked, is being offered completely ”turn-key” furnished down to the bathrobes. Warm finishes and thoughtfully designed living spaces mingle to create a brand new, sophisticated, contemporary addition to Red Mountain. This magnificent estate boasts an oversized master suite, a spacious guest master, an open kitchen with adjacent breakfast nook and dining area, a full bar with walk-in wine room, a home theater, and an oversized two-car garage with extra storage. South-facing, sun soaked patios complete with an outdoor kitchen, fire pit, and hot tub make this an exceptional property for any time of year.” 2015 taxes: $10,643; HOA Dues: $554 per Yr. Under Contract Date: 08/01/2017; Sold Date: 08/11/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #147541 – Townsite of Aspen, Central Core, 219 N Monarch Street, Aspen, CO. Oversized duplexable lot for sale. Sold Price: $8,434,200/$3,654 sq ft. More details below photos.
MLS #147541 – Townsite of Aspen, Central Core, 219 N Monarch Street, Aspen, CO. Sold Price: $8,434,200/$3,654 sq ft. Oversized duplexable lot for sale. Ask Price: $8,860,000. (Original Price: $8,860,000 and 223 days on the market since 01/04/2017. Prior sale: $7.4M on 06/04/15.) This is a 1949 built, 4 bedroom/3 bath/1 half-bath, 2,308 sq ft single family home with 2 car garage on a 9,000 sq ft lot located 2 blocks behind Carl’s Pharmcy. Broker comments are “The only 9,000 sq/ft non-historic West-End lot one block from the Hotel Jerome that allows two (2) detached single family residences or a major single family contemporary home. No historic structures exist. NE corner lot has dead-on views of Aspen Mountain and the best location on this block away from the traffic on Bleeker and yet a block walk to Matsuhisu. A once in a lifetime opportunity to own the largest non-historic lot on this block for your dream single family home or as a redevelopment opportunity like no other combining all the charm of the West End but as close as you can get to the core of Aspen and still enjoy the quiet of a residential area.” 2016 taxes: $11,140. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/07/2017; Sold Date: 08/15/2017. (Photos and broker comments courtesy of Whitman Fine Properties)
MLS #150515 – Maroon Creek Club, West Aspen, 71 N Willow Court, Aspen, CO. Sold Price: $6,250,000/$1,133 sq ft; partial-furnished. More details below photos.
MLS #150515 – Maroon Creek Club, West Aspen, 71 N Willow Court, Aspen, CO. Sold Price: $6,250,000/$1,133 sq ft; partial-furnished. Aspen single family home for sale. Ask Price: $6,500,000. (Original Price: $6,500,000 and 85 days on the market since 07/12/2016.) This is a 2000 built and 2010 remodeled, 5 bedroom/5 bath/1 half-bath, 5,512 sq ft single family home with 2 car garage on a 15,929 sq ft lot. Broker comments are “Sold before MLS”. 2015 taxes: $17,097; HOA Dues: TBD per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/15/2017; Sold Date: 08/14/2017. (Photos and broker comments courtesy of Lorrie B Aspen)
MLS #147506 – Townsite of Aspen, Central Core, 401 E Hyman Avenue, Aspen, CO. Sold Price: $5,900,000 sq ft. More details below photos.
MLS #147506 – Townsite of Aspen, Central Core, 401 E Hyman Avenue, Aspen, CO. Sold Price: $5,900,000 sq ft. Aspen commercial ptoperty for sale. Ask Price: $5,900,000. (Original Price: $5,900,000 and 193 days on the market since 02/03/2017.) This is a 1960 built, 3,018 sq ft commercial industria on a 1,980 sq ft lot. Broker comments are “First time ever available for sale. Prime corner retail building. 100% A+ location across from the dancing fountain and the Wheeler Opera House. This is a unique income property at a 4% cap rate with 2 retail tenants and 2 seasonal outdoor vendors.” 2016 taxes: $37,668. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/16/2017; Sold Date: 08/15/2017. (Photos and broker comments courtesy of Setterfield & Bright)
MLS #142326 – Larkspur Condos, Central Core, 800 E Hopkins A-2, Aspen, CO. Sold Price: $1,975,000/$1,371 sq ft; furnished. More details below photos.
MLS #142326 – Larkspur, Central Core, 800 E Hopkins A-2, Aspen, CO. Sold Price: $1,975,000/$1,371 sq ft; furnished. Aspen condo for sale. Ask Price: $2,125,000. (Original Price: $2,199,000 and 567 days on the market since 01/12/2016. Prior closing: 08/22/13 at $1.65M/$1,146 sq ft. New sale price is +16.5% four years later.) This is a 1974 built, 3 bedroom/2 bath/1 half-bath, 1,440 sq ft condo. Broker comments are “Centrally located, and beautifully remodeled 3 bedroom 2.5 bath Aspen townhouse. South facing open floor plan with views of Aspen Mountain allow natural light throughout the kitchen, living, and dining areas. 2 patios outside living room and master bedroom. The multi level design gives added privacy to the master & guest suites. Also a room that can be an office, kids den, or study room on the top floor. Assigned parking. Added features include laundry room, stainless appliances, laundry room, granite counter tops, large walk in closet in master bedroom, wood burning fireplace, covered patio and deck. Assigned off street parking and ample storage space. Pet friendly complex with a yard outside main bedroom. Enjoy Herron Park and Rio Grande river and trail right outside your door.” 2014 taxes: $3,114; HOA Dues: $3,000 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/18/2017; Sold Date: 08/16/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #145521 – Aspen Alps, Central Core, 700 S Ute Avenue 107, Aspen, CO. Sold Price: $1,775,000/$1,570 sq ft; furnished. More details below photos.
MLS #145521 – Aspen Alps, Central Core, 700 S Ute Avenue 107, Aspen, CO. Sold Price: $1,775,000/$1,570 sq ft; furnished. Aspen condo for sale. Ask Price: $1,799,000. (Original Price: $1,799,000 and 765 days on the market since 07/14/2015.) This is a 1963 built and 2007 remodeled, 2 bedroom/2 bath, 1,130 sq ft condo. Convenient, ground floor unit. Broker comments are “Truly picture perfect. Very upscale remodel with beautiful finishes, materials, and top of the line touches. High end furnishings and accessories. Turnkey move in–furnished. 2 bedrooms plus office & vanity area. Kitchen and bathrooms are quite impressive. Reserved parking space for owner. Amenities include: pool, hot tub, tennis courts, sizable storage area. Ultimate convenience in the core. Excellent rental history.” 2015 taxes: $2,367; HOA Dues: $1,740 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/11/2017; Sold Date: 08/15/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #146214 – Central Core, 210 E Cooper Avenue 2a, Aspen, CO. Sold Price: $1,525,000/$1,564 sq ft; furnished. More details below photos.
MLS #146214 – Central Core, 210 E Cooper Avenue 2a, Aspen, CO. Sold Price: $1,525,000/$1,564 sq ft; furnished. Aspen condo for sale. Ask Price: $1,595,000. (Original Price: $1,650,000 and 1,054 days on the market since 09/08/2014.) This is a 1965 built and 2007 remodeled, 2 bedroom/2 bath, 975 sq ft condo. Broker comments are “Located just one block from Wagner Park in the center of Aspen, this 975 SqFt remodeled condo echos it’s surroundings with a warm, neutral palette. Upgraded finishes include slab granite and marble counter-tops, custom cabinetry and walnut floors. The views from this second floor, 2 bedroom end unit feature both Aspen Mountain to the South and Red Mountain to the North from the windows and decks on either side. Off-street parking, whether in the underground garage or off the alley is another added benefit.” 2016 taxes: $3,076; HOA Dues: $1,733 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/25/2017; Sold Date: 08/15/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #147009 – Central Core, 600 E Main Street #404, Aspen, CO. Sold Price: $1,475,000/$1,552 sq ft; furnished. More details below photos.
MLS #147009 – Central Core, 600 E Main Street #404, Aspen, CO. Sold Price: $1,475,000/$1,552 sq ft; furnished. Aspen condo for sale. Ask Price: $1,575,000. (Original Price: $1,575,000 and 237 days on the market since 12/16/2016.) This is a 1974 built and 2011 remodeled, 2 bedroom/2 bath, 950 sq ft condo. Broker comments are “This top floor condo has views of Aspen Mountain, Red Mountain, Independence Pass and Shadow Mountain. In the 2011 remodel, the kitchen was opened up and granite was installed against the west wall and around the kitchen. The condo has a gas log fireplace, washer/dryer and is fully furnished. Rarely does a top floor Concept condo come on the market. Building has underground parking and a newly upgraded elevator.” 2016 taxes: $3,642; HOA Dues: $2,501 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/06/2017; Sold Date: 08/10/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)
MLS #142683 – Sunrise, Central Core, 1007 E Hyman Avenue 1, Aspen, CO. Sold Price: $998,000/$1,252 sq ft; unfurnished. More details below photos.
MLS #142683 – Sunrise, Central Core, 1007 E Hyman Avenue 1, Aspen, CO. Sold Price: $998,000/$1,252 sq ft; unfurnished. Aspen condo for sale. Ask Price: $1,125,000. (Original Price: $1,200,000 and 764 days on the market since 04/13/2015.) This is a 1977 built, 1 bedroom/1 bath, 797 sq ft condo. Broker comments are “Great Location and Opportunity. Fantastic location. Walk to all that Aspen has to offer, just six blocks to the Gondola. 800 SF ground floor corner unit with a large private patio, Aspen Mountain views and assigned parking space. Excellent income potential. Dogs allowed owners. See it today.” 2015 taxes: $1,863; HOA Dues: $1,730 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/02/2017; Sold Date: 08/16/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #147687 – Woodbridge, 35 Upper Woodbridge Road 3-AB, Snowmass Village, CO: Sold Price: $470,000/$516 sq ft; furnished. More details below photos.
MLS #147687 – Woodbridge, 35 Upper Woodbridge Road 3-AB, Snowmass Village, CO: Sold Price: $470,000/$516 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $498,000. (Original Price: $498,000 and 234 days on the market since 12/09/2016.) This is a 1973 built and 2016 remodeled, 2 bedroom/2 bath, 910 sq ft condo. Broker comments are “Beautifully located, hip condominium which has been recently renovated with wood floors, all new kitchen and baths. Washer and dryer and good storage. Sunny location in the complex w/ great views of Snowmass Ski Area. A wide deck allows relaxing in the sun all year. The pool and spa is just behind this building. Easy walk to and from ski bridge to base of Assay Hill and its chairlift which, at the end of its 5 min length, provides access to the entire ski mountain. From the front door, the Snowmass free shuttle bus stop is just a few steps away. The RFTA bus stop, as well as the Snowmass Center (P.O., grocery store, restaurants) are all within 5-minute walking distance. Ideal for primary resident or vacation home owner. Assessments include all utilities. Note: There is a pending $20,000 special assessment, payable $1050/qtr, for replacement of roofs, boilers and water heaters, the balance of which Seller will pay off at closing.” 2016 Taxes: $1,431; HOA Dues: $3,000 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/11/2017; Sold Date: 08/07/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices | Aspen Snowmass Properties)
MLS #149735 – Lichenhearth, 150 Carriage Way 12, Snowmass Village, CO: Sold Price: $415,000/$630 sq ft; furnished. More details below photos.
MLS #149735 – Lichenhearth, 150 Carriage Way 12, Snowmass Village, CO: Sold Price: $415,000/$630 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $415,000. (Original Price: $415,000 and 47 days on the market since 06/28/2017.) This is a 1968 built, 1 bedroom/1 bath, 658 sq ft condo. Broker comments are “Unbeatable location flanking Base Village and just steps away from the slopes. This beautiful one bedroom corner unit features vaulted ceilings that afford great natural light and views towards Fanny Hill. Enjoy a relaxing summer evening on the private deck or a cozy winters night by the wood burning fireplace. The wonderful year round pool area rests just outside of the entry to this unit. The Lichenhearth underwent a major facelift including updated corridors and an elevator. All of that plus a coveted covered designated parking spot make this Lichenhearth a stand out!” 2016 Taxes: $1,422; HOA Dues: $1,682 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/30/2017; Sold Date: 08/14/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)
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Disclaimer: The statements made in The Estin Report and on Aspen broker 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 by email.
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