Woody Creek Estate at 120 Running Mare Rd sells for $19.75M/$1,620 Sq Ft Furn

Aspen Real Estate Market  Last Week’s Sales: Jun 6 – 13, 21 – Week 24

Closed (14) + Under Contract / Pending (15).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] (Photos above of 120 Running Mare Rd, Woody Creek courtesy of Aspen Snowmass Sothebys International Realty).

Bottom Line June 14, 21:  The May 2021 market snapshot was posted in Current Reports. It compares year over year (YOY) sales performance of the past four years as a year ago activity slowed to almost a standstill in the Covid 19 shutdown. Comparing May 2021 to the same period in 2019 and 2018, and not to just a year ago at a baseline of almost zero,  confirms the huge spike upwards since pre-Covid of units sales, sales volume and rising prices. Remarkably, there have been (4) Aspen neighborhoods where the average sale price per sq ft in the past 6 months has been above $2,000 sf:  these are single family homes in East Aspen, Red Mountain, West End and Downtown Aspen condos/townhomes. Perhaps even crazier, of the 5 downtown single family home sales in the past 6 months, the avg sold price per sq ft was almost $3,100 sq ft. (See pg 7). Sales in general continue to be robust while inventory of properties for sale is at its lowest level in the past 10 years in both Aspen and Snowmass Village. If a property isn’t moving in the current environment, there’s either a very property specific issue or it’s pricing, and a buyer opportunity may present itself.

         

The Estin Report Aspen Snowmass 2021 ws was released Jan 8, 21 in Current Reports. It can be read online or downloaded as PDF.  A 32-Pg print edition is available outside Sotheby’s 415 E Hyman on the Hyman Mall, Sotheby’s 300 S Spring St (my office across from the Aspen Art Museum), at the Aspen Chamber Information Kiosk across from Paradise Bakery and the Pitkin County (ASE) airport.  If you have difficulty downloading the report PDF, please contact me directly and I’d be happy to send it.

Blog Post: June 6 – 13, 2021 Aspen CO real estate market activity, Week 24

Closed (14): MLS#s: 125004, 169837, 160654, 162402, 164642, 165596, 165790, 167347, 167696, 168929, 168998, 169138, 169557, 170422.  This link is valid until 7/13/2021.

Under Contract/Pending (15): MLS#s: 166510, 166555, 166579, 167928, 170340, 169088, 169889, 169979, 170050, 170101, 170207, 170355, 170373, 170409, 170436.  This link is valid until 7/13/2021.

Sold Properties Last Week:

MLS #164642 – Aspen Valley Downs, 120 Running Mare Road, Woody Creek, CO; Sold Price: $19,750,000/$1,620 sq ft; furnished. Sold Date: 06/07/2021. More details below photos.

MLS #164642 – Aspen Valley Downs, 120 Running Mare Road, Woody Creek, CO; Sold Price: $19,750,000/$1,620 sq ft; furnished. Sold Date: 06/07/2021. Woody Creek homes for sale. Ask Price: $19,750,000. (Original Price: $19,750,000 and 1,403 days on the market since 06/19/2017.) This is a 2001 built, 6 bedroom/6 bath/2 half-bath, 12,191 sq ft single family home with 3 car garage on a 17.79 acres lot. Broker comments are “Majestic, 180-degree mountain views alone make this impressive 12,191-square-foot, home highly desirable. That’s only a fraction of its appeal. Fine finishes, custom craftsmanship, upgrades and innovations incorporated throughout the two-story floor plan create an incomparable, and irresistible, living style and lifestyle. Imagine arriving at this more than 17-acre site to discover waterfalls, a private pond, mature trees, lush landscaping and gently rolling terrain. Throughout the interior, wall-to-wall and floor-to-ceiling windows and soaring ceilings perfectly frame the silhouettes of Mountain Peaks from Aspen Mountain down to Mighty Mount Sopris that include Highlands, Snowmass, The Elk Range, and Capitol Peak. Most rooms overlook the outdoors and offer direct access to patios or balconies. Step out onto these patios to hear the stream that wraps around the house and flows into the pond at the front of the house. In addition to living and dining areas, there is a stately media room perfectly suited for entertaining due to a full wet bar, pool table and big screen TV. A dream kitchen that comfortably accommodates two ovens, two refrigerators and two dishwashers, right off the kitchen there is a comfortable den perfectly suited for entertaining with a fireplace and an atrium breakfast nook. The master bedroom is for so much more than sleeping. It includes an office, workout room, large, walk-in closet, fireplace, direct access to the household’s elevator, a coffee bar and mini fridge plus an adjoining master bathroom complete with its own fireplace, steam shower and soaking tub. Each room has access to a deck with incredible views. The property’s three-car garage provides private access to a one bedroom apartment/caretaker’s quarters complete with a full kitchen plus washer and dryer.” 2018 taxes: $33,084; HOA Dues: $4,650. Under Contract Date: 03/10/2021; Sold Date: 06/07/2021. (Photos and broker comments courtesy of Christie’s International Real Estate Aspen Snowmass)

MLS #165596 – Stage Road PUD, West Aspen, Aspen vacant lot for sale, Lot 12 Double Bar X Ranch, Aspen, CO; Sold Price: $8,425,000. Sold Date: 06/11/2021. More details below photos.

MLS #165596 – Stage Road PUD, West Aspen, Aspen vacant lot for sale, Lot 12 Double Bar X Ranch, Aspen, CO; Sold Price: $8,425,000. Sold Date: 06/11/2021. Aspen lots for sale. Ask Price: $9,995,000. (Original Price: $9,995,000 and 127 days on the market since 07/26/2020.) This is a 4.21 acres single family vacant lot. Broker comments are “Rare, exceptional, coveted. Words that describe Lot 12 at Double Bar X Ranch. This beautiful property offers a rare combination of space, privacy, amazing views, only 2.5 miles from downtown Aspen. Although Bar X Ranch offers twelve lucky owners shared access to acres of a private nature preserve with miles of hiking trails and fly-fishing, there is only one property that sits above the confluence of Maroon Creek and the Roaring Fork River. A rare find, Lot 12 was the original developers favorite parcel. It’s easy to see why. The Roaring Fork River derives its name from the delightful sound it emanates. Couple that with big mountain views of Independence Pass, Aspen Mountain, Mt. Hayden, Aspen Highlands and Buttermilk and you have an unrivaled spot to create a lasting legacy estat.” 2020 taxes: $46.8. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/27/2021; Sold Date: 06/11/2021. (Photos and broker comments courtesy of Compass Aspen)

MLS #162402 – Aspen Mountain View, Smuggler, 931 Gibson Avenue, Aspen, CO; Sold Price: $8,400,000/$1,047 sq ft; unfurnished. Sold Date: 06/10/2021. More details below photos.

MLS #162402 – Aspen Mountain View, Smuggler, 931 Gibson Avenue, Aspen, CO; Sold Price: $8,400,000/$1,047 sq ft; unfurnished. Sold Date: 06/10/2021. Aspen homes for sale. Ask Price: $8,900,000. (Original Price: $8,900,000 and 549 days on the market since 12/09/2019.) This is a 2020 built, 6 bedroom/6 bath/2 half bath, 8,022 sq ft single family home with 2 car garage on a 15,497 sq ft lot. Broker comments are “Unfold your dreams with this development project currently under construction. a rare opportunity to own a FAMILY COMPOUND on a PARK LIKE setting all walking distance to DOWNTOWN. A 15,497 square foot lot, approved plans for 8,022 square foot home, 6 en-suit bedrooms, 2 powder rooms, and a 2 car garage.. Kitchen connector has a wall of glass doors that open up to an outside living terrace and also connects the historic component to the newly built. Above the kitchen is a roof top deck, all facing south with views of Aspen Mountain. Hard to find a single family home this close to core, yet has privacy, outside gardens, a pool if desired and much more.” 2019 taxes: $10,094. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/21/2021; Sold Date: 06/10/2021. (Photos and broker comments courtesy of Laura Maggos Properties)

MLS #167696 – Aspen Villas, Condominium, West End, 814 W Bleeker Street C-4, Aspen, CO; Sold Price: $2,000,000/$1,423 sq ft; unfurnished. Sold Date: 05/25/2021. More details below photos.

MLS #167696 – Aspen Villas, Condominium, West End, 814 W Bleeker Street C-4, Aspen, CO; Sold Price: $2,000,000/$1,423 sq ft; unfurnished. Sold Date: 05/25/2021. Aspen condos for sale. Ask Price: $2,175,000. (Original Price: $2,175,000 and 217 days on the market since 10/20/2020.) This is a 1972 built, 3 bedroom/2 bath, 1,405 sq ft condo. Broker comments are “Don’t miss this great Aspen opportunity. This Aspen Villas condo is well located to everything Aspen has to offer. It has great natural light and a dedicated parking spot. The reasonable HOA dues make this property a great primary residence or investment property.” 2020 taxes: $3,053; HOA Dues: $7,000. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/12/2021; Sold Date: 05/25/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #170422 – 1000 E Hopkins, Condominium, Central Core, 824 E Hopkins 103, Aspen, CO; Sold Price: $1,700,000/$1,981 sq ft. Sold Date: 06/02/2021. More details below photo.

MLS #170422 – 1000 E Hopkins, Condominium, Central Core, 824 E Hopkins 103, Aspen, CO; Sold Price: $1,700,000/$1,981 sq ft. Sold Date: 06/02/2021. Aspen condos for sale. Ask Price: $1,700,000. (Original Price: $1,700,000 and 51 days on the market since 04/12/2021.) This is a 1976 built and 1980 remodeled, 1 bedroom/1 bath, 858 sq ft condo. Broker comments are “Sold Before MLS.” 2020 taxes: $2,497; HOA Dues: $1. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/12/2021; Sold Date: 06/02/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #169138 – Sagewood Townhomes, Condominium, West End, 910 W Hallam Street Unit #5, Aspen, CO; Sold Price: $840,000/$1,316 sq ft; unfurnished. Sold Date: 06/11/2021. More details below photos.

MLS #169138 – Sagewood Townhomes, Condominium, West End, 910 W Hallam Street Unit #5, Aspen, CO; Sold Price: $840,000/$1,316 sq ft; unfurnished. Sold Date: 06/11/2021. Aspen condos for sale. Ask Price: $875,000. (Original Price: $875,000 and 82 days on the market since 03/21/2021.) This is a 1970 built and 2014 remodeled, 1 bedroom/1 bath, 638 sq ft condo. Broker comments are “The living is easy in this immaculate, dog-friendly, quiet, 2nd floor, 1 bed, 1 bath West End condo. Upgraded with wood laminate floors, Zodiak quartz countertops, newer appliances, LED lighting, wood cabinetry, gas log fireplace and a custom closet shelving system in the master closet, this condo has an in-unit washer/dryer, storage in the basement, private deck and mountain views. It’s an easy walk or bike ride on the Hallam St bike pedway to the downtown core or to landmarks in Aspen’s West End such as the Music Tent and Harris Hall or hop on the free RFTA bus just steps away to downtown. Or any of the area’s world famous ski slopes. Well maintained building – inside and out with new boiler in 2021. Low HOA fees include all utilities but unit electric and gas for the gas fireplace.” 2020 taxes: $1,678; HOA Dues: $6,000. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/18/2021; Sold Date: 06/11/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #169557 – Hunter Creek, Condominium, Smuggler, 1323 VIne Street, Aspen, CO; Sold Price: $800,000/$1,025 sq ft. Sold Date: 06/10/2021. More details below photos.

MLS #169557 – Hunter Creek, Condominium, Smuggler, 1323 VIne Street, Aspen, CO; Sold Price: $800,000/$1,025 sq ft. Sold Date: 06/10/2021. Aspen condos for sale. Ask Price: $795,000. (Original Price: $795,000 and 52 days on the market since 04/19/2021.) This is a 1980 built, 2 bedroom/1 bath, 780 sq ft condo. Broker comments are “This second floor, two bedroom condo has lots of natural light with views and privacy. The kitchen has views of Aspen Mountain and the living area has a private deck facing a quiet wooded area. The kitchen and bathroom have been updated. The complex amenities include a summer pool, sand tennis courts and two hot tubs. The location is a short walking distance to town or ride the free bus service.” 2020 taxes: $1,787; HOA Dues: $6,816. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/21/2021; Sold Date: 06/10/2021. (Photos and broker comments courtesy of Hunter Creek Properties)

MLS #160654 – Winfield Arms, Condominium, Central Core, 119 E Cooper Avenue Unit 17, Aspen, CO; Sold Price: $625,000/$1,965 sq ft; furnished. Sold Date: 06/09/2021. More details below photos.

MLS #160654 – Winfield Arms, Condominium, Central Core, 119 E Cooper Avenue Unit 17, Aspen, CO; Sold Price: $625,000/$1,965 sq ft; furnished. Sold Date: 06/09/2021. Aspen condos for sale. Ask Price: $625,000. (Original Price: $ 625,000 and 555 days on the market since 08/01/2019.) This is a 1969 built and 2015 remodeled, studio/1 bath, 318 sq ft condo. Broker comments are “Walk to work/restaurants/skiing from this desirable Winfield Arms unit located between Wagner & Koch parks and striking distance to the new Lift One! Newly remodeled & furnished with warm contemporary decor. This is a great rental unit or pied a terre for a buyer looking for the ultimate convenience. Low HOA dues include all utilities including cable, wifi, etc. Additional storage locker and bike storage room. Garage parking included. Dogs welcome for owners.” 2018 taxes: $1,139; HOA Dues: $4,057. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/30/2021; Sold Date: 06/09/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #125004 – Two Creeks, 841 Serviceberry, Vacant lot for sale, Snowmass Village, CO; Sold Price: $5,750,000. Sold Date: 06/07/2021. More details below photos.

MLS #125004 – Two Creeks, 841 Serviceberry, Vacant lot for sale, Snowmass Village, CO; Sold Price: $5,750,000. Sold Date: 06/07/2021. Snowmass Village lots for sale. Ask Price: $5,995,000. (Original Price: $7,900,000 and 3,346 days on the market since 04/09/2012.) This is a 1.83 acres single family vacant lot. Broker comments are “This is a premier ski-in/ski-out lot of nearly 2 acres right on Cascade ski run. The lot is gently sloping to accommodate a two story with walk out lower level and large outdoor spaces and useable yard. Ski right to the back door and out. Cascade is the main ski run, groomed daily leading to the Two Creek lift. Build a 5,500 sq ft home with 3 car garage or 6,050 sq ft is possible with additional approvals.” 2020 taxes: $59,559. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/29/2021; Sold Date: 06/07/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #167347 – Crestwood Condominiums, 400 Wood Road I-3309, Snowmass Village, CO; Sold Price: $572,000/$616 sq ft; furnished. Sold Date: 06/07/2021. More details below photos.

MLS #167347 – Crestwood Condominiums, 400 Wood Road I-3309, Snowmass Village, CO; Sold Price: $572,000/$616 sq ft; furnished. Sold Date: 06/07/2021. Snowmass Village condos for sale. Ask Price: $577,000. (Original Price: $577,000 and 220 days on the market since 10/30/2020.) This is a 1970 built and 2000 remodeled, 2 bedroom/2 bath, 928 sq ft condo. Broker comments are “A sweet one bedroom + sleeping loft Crestwood condo with views of the ski area, Assay Hill and the Elk Camp gondola. Renovated kitchen, fireplace and two baths. Tastefully decorated with modern furnishings. Easy access to the Crestwood’s ski room, pool and spa, as well as, the Snowmass ski slopes. Walk to the new Base Village and enjoy restaurants, ice skating rink and many apres ski events.” 2019 taxes: $1,700; HOA DUes: $16,599. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/08/2021; Sold Date: 06/07/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #168998 – Stonebridge Condominiums, 30 Anderson Lane 817, Snowmass Village, CO; Sold Price: $530,000/$740 sq ft; furnished. Sold Date: 06/08/2021. More details below photos.

MLS #168998 – Stonebridge Condominiums, 30 Anderson Lane 817, Snowmass Village, CO; Sold Price: $530,000/$740 sq ft; furnished. Sold Date: 06/08/2021. Snowmass Village condos for sale. Ask Price: $530,000. (Original Price: $530,000 and 91 days on the market since 03/09/2021.) This is a 1969 built and 2008 remodeled, 1 bedroom/1 bath, 716 sq ft condo. Broker comments are “A sunny property, decorated in a warm mountain style, with a prime location just off Fanny Hill. One of the best in the entire complex. Easy access to/from ski slopes. South-facing views across grassy courtyard to Sam’s Knob and to the Skittles lift. Stone, gas fireplace, huge balcony, and renovated kitchen and bath. Rated Deluxe by mgm. Nearby elevator which accesses underground assigned parking. Assessments include heat. Beautiful pool, spa, fitness facility and other common amenities, including large owner storage locker off parking garage. Exceptionally well-managed by a staff who’s been there for years and takes great pride in the complex.” 2020 taxes: $1,689; HOA DUes: $11,072. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/08/2021; Sold Date: 06/08/2021. (Photos and broker comments courtesy of Compass SMV)

MLS #168929 – Crestwood Condominiums, 400 Wood Road 2211E, Snowmass Village, CO; Sold Price: $510,000/$850 sq ft. Sold Date: 06/11/2021. More details below photos.

MLS #168929 – Crestwood Condominiums, 400 Wood Road 2211E, Snowmass Village, CO; Sold Price: $510,000/$850 sq ft. Sold Date: 06/11/2021. Snowmass Village condos for sale. Ask Price: $510,000. (Original Price: $510,000 and 98 days on the market since 03/05/2021.) This is a 1970 built and 2016 remodeled, 1 bedroom/1 bath, 600 sq ft condo. Broker comments are “Just steps away from the slopes, this luxury one bedroom, fully furnished and renovated condo offers it all. Located in the Elm Building, corner unit location and mountain lodge style interior features a gourmet kitchen, new appliances, gas fireplace, views, large wrap around deck and a large storage locker. Excellent short term rental history.” 2021 taxes: $1,292; HOA DUes: $14,609. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/16/2021; Sold Date: 06/11/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #165790 – Crestwood Condominiums, 400 Wood Road H2114, Snowmass Village, CO; Sold Price: $406,000/$604 sq ft; unfurnished. Sold Date: 06/11/2021. More details below photos.

MLS #165790 – Crestwood Condominiums, 400 Wood Road H2114, Snowmass Village, CO; Sold Price: $406,000/$604 sq ft; unfurnished. Sold Date: 06/11/2021. Snowmass Village condos for sale. Ask Price: $419,000. (Original Price: $425,000 and 316 days on the market since 07/30/2020.) This is a 1970 built and 2019 remodeled, 1 bedroom/1 bath, 672 sq ft condo. Broker comments are “This recently renovated, ski in/ski out, condo at the very desirable Crestwood can be yours! Amazing views down valley, of the Gondola and skiers & hikers from the covered deck off the living area. Imagine waking up to having your breakfast on the deck overlooking ski action in the winter and hikers and wildlife in the summer/autumn. After enjoying an entire day of outdoor actives, return to your cozy condo to enjoy beautiful sunsets, steam shower & gas fireplace or enjoy the pool & three hot tubs around the complex. Don’t forget about the ski-in/out ski room with boot heaters & ski storage conveniently located just steps from this unit. This condo has wonderful rental income, then can be used for the owner’s enjoyment.” 2019 taxes: $1,250; HOA DUes: $14,609. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/05/2021; Sold Date: 06/11/2021. (Photos and broker comments courtesy of Engel & Volkers)

MLS #169837 – Aspenwood, Condominium, 600 Carriage Way L-11, Snowmass Village, CO; Sold Price: $355,000/$682 sq ft. Sold Date: 06/07/2021. More details below photos.

MLS #169837 – Aspenwood, Condominium, 600 Carriage Way L-11, Snowmass Village, CO; Sold Price: $355,000/$682 sq ft. Sold Date: 06/07/2021. Snowmass Village condos for sale. Ask Price: $365,000. (Original Price: $365,000 and 42 days on the market since 04/26/2021.) This is a 1967 built and 2007 remodeled, studio/1 bath, 520 sq ft condo. Broker comments are “The perfect centralized location to the heart of Snowmass Village Mall. This top floor unit gets plenty of sun and protects from all the noises of ski boots and other guest foot traffics. A short walk to Fanny Hill, Starbucks, The Westin Snowmass Resort Hotel, restaurants and shops. Great starter unit or make it an investment opportunity by keeping the unit in a short term rental program.” 2020 taxes: $853; HOA DUes: $6,940. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/17/2021; Sold Date: 06/07/2021. (Photos and broker comments courtesy of Compass Aspen)

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