Aspen Real Estate Market  Last Week’s Sales: Aug 23 – 30, 2020 – Week 34

Closed (18) + Under Contract / Pending (34).  [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.]  

The August 2020 YTD Aspen Snowmass Real Estate Market Report Snapshot was posted on 9/3/20 in the Current Reports section.

08/31/20 Bottom Line: Market ramblings…

A big question haunting buyers right now is how to make an offer when prices seems so crazy and wild.  And for sellers, it’s really difficult to pin-point a number for a listing price when the market is moving so fast and up. Look at sold comparables, inventory – what’s available in your price territory, your neighborhood –  the quality of your home and land compared to others. What can a buyer purchase now with X dollars.

It’s all about supply and demand. Whenever it’s a supply problem anywhere, prices always get pushed  up.

There is a night and day difference between Mar 15, 20 vs July 1, 20. Call it “the before and the after”…

Here’s an extreme but real example: a half-duplex off Cemetery Ln at 735 Castle Creek Dr #1 sold in Feb at $4.85M/$1,560 sq ft, went on the market on 8/14 at ask $6.895/$1,961 sq ft (+42% gross in 6 months before selling costs) and went under contract on 8/25 scheduled to close 9/24.

Sellers are mostly saying…What else are you going buy? Inventory in certain categories is so low … slim pickens. And comps are less relevant in a market moving so quickly.

Advice to buyer, “Let’s forget what they paid 4-6 months ago and compare this property to what’s available now, then ask yourself are you more comfortable waiting for market to slow down or waiting for more inventory …but then at what prices will the new listings be?

On deciding what price: measure your willingness to lose the property versus your willingness to get it. Is the property that important to you.

This is all causing a problem with appraisals: how do prices get justified when the market has moved so much and is so healthy?

Today’s record price is tomorrow’s market comp.

As a broker, maybe your instinct tells you it’s going to appraise but are the appraisers keeping up? These are unprecedented times.  Appraisers are asking brokers to educate them.

There are examples after examples of things selling over what we thought it was worth.

Opportunities?

There’s great opportunity and more inventory in Snowmass Village – more choices but buyers need to hurry, the wave has definitively already started towards Snowmass… Aspen’s on a tear but there’s still value in SMV…and the ability to get in at a level that simply no longer exists in Aspen.

Snowmass Village will be following Aspen but historically Snowmass has been discounted 25-30% to Aspen prices. In the past ten years, it has been closer to 40-55% but the spread is tightening now as less becomes available in Aspen.

Snowmass places to look: Snowmass  Country Club Townhomes have yet to run up; homes $5M and over are pretty resistant…older homes are probably overpriced and anything new contemporary is going fast.

08/24/20 Bottom Line: Activity has slowed slightly with a number of summer visitors headed home for school and fall beginnings. But the real estate market continues in high fever. Proof is the following: The online real estate contract writing program CTM slowed to a dead server crawl last week significantly delaying the process of drafting offers while their tech-help department took 1 – 1 1/2 hrs to pick-up; The MLS system had similar server delays and a slow pulse; Inventory of well-priced properties is so scarce that when such an unheard of listing appears, buyers pounce with multiple offers. Such was the case this week with MLS #166087, Aspen Alps Unit 112, a beautifully remodeled 2 bdrm/3 ba/1,200 sf condo listed at $2.6M/$2,166 SF – it drew 3 over-ask offers and is under contract at considerably above ask price.

Blog Post: Aug 23 – 30, 2020 Aspen CO real estate market activity, Week 34

Closed (18): MLS#s: 147634, 158888, 159680, 160526, 162260, 162552, 162768, 164123, 164394, 165016, 165018, 165037, 165049, 165192, 165238, 165274, 165557, 166229.  This link is valid until 9/29/2020.

Under Contract/Pending (34): MLS#s: 161248, 161348, 143227, 147442, 154791, 160344, 160348, 160497, 161606, 161860, 162673, 162748, 162978, 163218, 163773, 163935, 164183, 164389, 164442, 164705, 164780, 165108, 165158, 165197, 165537, 165755, 165870, 165924, 165938, 165955, 165999, 166047, 166058, 166275.  This link is valid until 9/29/2020.

Sold Properties Last Week:

MLS #164394 – Red Mountain, 645 Hunter Creek Road, Aspen, CO: Sold Price: $27,500,000/$3,507 sq ft; furnished. Sold Date: 08/24/2020. More details below photos.

MLS #164394 – Red Mountain, 645 Hunter Creek Road, Aspen, CO: Sold Price: $27,500,000/$3,507 sq ft; furnished. Sold Date: 08/24/2020. Aspen homes for sale. Ask Price: $29,500,000. (Original Price: $29,500,000 and 1,058 days on the market since 08/18/2017.) This is a 2019 built, 5 bedroom/5 bath/2 half-bath, 7,840 sq ft single family home with 2 car garage on a 33,348 sq ft lot. Broker comments are “Extraordinary newly constructed five bedroom home on a secluded lot on Red Mountain Ranch enjoys magnificent panoramic views from Hunter Creek Valley to Independence Pass to Mt. Sopris and beyond! This home has it all, massive sliding glass doors integrate the indoor/outdoor living areas, walking out to an open & spacious wrap-around deck, and lead to the infinity swimming pool, two hot tubs, and outdoor shower off the master bathroom; spacious laundry room & mudroom with ski storage, two car garage, a home gym and theater room are additional features throughout the home. Just completed! You do not want to miss out on seeing this one of a kind estate on Red Mountain Ranch with exceptional views, yard, and total privacy from Red Mountain Road.” 2019 taxes: $34,402; HOA Dues: $2,500. Under Contract Date: 07/26/2020; Sold Date: 08/24/2020. (Photos and broker comments courtesy of Whitman Fine Properties)

MLS #158888 – Townsite of Aspen, Central Core, 220 W Cooper Avenue, Aspen, CO: Sold Price: $14,000,000/$1,935 sq ft; furnished. Sold Date: 08/25/2020. More details below photos.

MLS #158888 – Townsite of Aspen, Central Core, 220 W Cooper Avenue, Aspen, CO: Sold Price: $14,000,000/$1,935 sq ft; furnished. Sold Date: 08/25/2020. Aspen homes for sale. Ask Price: $16,900,000. (Original Price: $21,500,000 and 497 days on the market since 04/15/2019.) This is a 2008 built, 6 bedroom/6 bath/3 half-bath, 7,233 sq ft single family home with 2 car garage on a 10,614 sq ft lot. Broker comments are “Location. This rare gem is just a few short blocks from the core of Aspen. Boasting six en-suite bedrooms, a great media/game room, wine cellar, exercise room, office and more, this spacious home is a beautiful family retreat, or a wonderful gathering place for friends and entertaining. Large outdoor decks, two hot tubs, and multiple fireplaces enhance the warm ambiance. Enjoy a quiet evening in or a night out on the town – only a short distance from home. This is the ideal property to own and enjoy in Aspen. Copy and paste this link to your browser for a virtual tour: https://my.matterport.com/show/?m=BbMLLBToKaT&brand=0” 2019 taxes: $53,674. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/21/2020; Sold Date: 08/25/2020. (Photos and broker comments courtesy of Setterfield & Bright)

MLS #165192 – Aspen Highlands, West Aspen, 460 Thunderbowl Lane, Aspen, CO: Sold Price: $10,650,000/$1,271 sq ft; unfurnished. Sold Date: 08/24/2020. More details below photos.

MLS #165192 – Aspen Highlands, West Aspen, 460 Thunderbowl Lane, Aspen, CO: Sold Price: $10,650,000/$1,271 sq ft; unfurnished. Sold Date: 08/24/2020. Aspen homes for sale. Ask Price: $11,950,000. (Original Price: $11,950,000 and 47 days on the market since 07/08/2020.) This is a 2002 built, 6 bedroom/6 bath/1 half-bath, 8,379 sq ft single family home with 3 car garage on a 41,599 sq ft lot. Broker comments are “Extraordinary Aspen Highlands Ski-In/Ski-Out Retreat – This desirable ski-in/ski-out mountain chalet is located just steps from Aspen Highlands featuring views overlooking the Maroon Creek Valley. The property provides over 8,300 sq.ft. of living space, 6 bedrooms, 7 bathrooms, and 3 car garage. Outdoor living is highlighted in this home with a spacious outdoor living area that leads directly onto the slopes. THE Aspen Highlands legacy property.” 2019 taxes: $49,911; HOA Dues: $1,116. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/23/2020; Sold Date: 08/24/2020. (Photos and broker comments courtesy of Slifer Smith & Frampton Real Estate)

MLS #162260 – Fivetrees, West Aspen, 983 Moore Drive, Aspen, CO: Sold Price: $8,500,000/$1,359 sq ft; furnished. Sold Date: 08/24/2020. More details below photos.

MLS #162260 – Fivetrees, West Aspen, 983 Moore Drive, Aspen, CO: Sold Price: $8,500,000/$1,359 sq ft; furnished. Sold Date: 08/24/2020. Aspen homes for sale. Ask Price: $8,900,000. (Original Price: $9,600,000 and 271 days on the market since 11/27/2019.) This is a 2002 built and 2017 remodeled, 5 bedroom/5 bath/1 half-bath, 6,846 sq ft single family home with 2 car garage on a 1.67 acres lot. Broker comments are “Located in the exclusive Five Trees Subdivision this beautiful mountain home is the perfect Aspen sanctuary. With indirect ski in/ski out access to Aspen Highlands, exceptional views of the valley and conveniently located just minutes from downtown Aspen, you have everything at your fingertips. There is ample outdoor and indoor living space in this 6,252 square foot home with five bedrooms including a separate guesthouse. The large and well-appointed kitchen, spacious living room, stunning stone patio and formal dining room provide the perfect setting for entertaining. Other features include a custom built wine cellar (1,000bottles), elevator, extensive landscaping and water feature, private hot tub and stunning views. All you could want in quintessential Aspen home.” 2018 taxes: $27,738; HOA Dues: $332. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/24/2020; Sold Date: 08/24/2020. (Photos and broker comments courtesy of Christie’s International Real Estate Aspen Snowmass)

MLS #165238 – Smuggler, 711 Spruce Street, Aspen, CO: Sold Price: $8,250,000/$1,548 sq ft; unfurnished. Sold Date: 08/24/2020. More details below photos.

MLS #165238 – Smuggler, 711 Spruce Street, Aspen, CO: Sold Price: $8,250,000/$1,548 sq ft; unfurnished. Sold Date: 08/24/2020. Aspen homes for sale. Ask Price: $8,250,000. (Original Price: $8,250,000 and 47 days on the market since 07/08/2020.) This is a 1980 built, 6 bedroom/5 bath/1 half-bath/1 den, 5,329 sq ft single family home with 2 car garage on a 1.07 acres lot. Broker comments are “Situated in a quiet location minutes from downtown Aspen, this home offers panoramic views from Aspen Mountain to Mount Sopris. Easy access to the Hunter Creek Trail, this 5,423 square foot home on a one acre lot includes five bedrooms, six full baths, a two-car garage and two large decks. Perfect as a rental, remodel or building site.” 2020 taxes: $9,303. Under Contract Date: 07/17/2020; Sold Date: 08/24/2020. (Photos and broker comments courtesy of The Agency)

 

MLS #166229 – 3rd & Main Condo, 332 W Main Street Unit B, Aspen, CO: Sold Price: $2,000,000/$1,865 sq ft; furnished. Sold Date: 08/25/2020. More details below photos.

MLS #166229 – 3rd & Main Condo, 332 W Main Street Unit B, Aspen, CO: Sold Price: $2,000,000/$1,865 sq ft; furnished. Sold Date: 08/25/2020. Aspen townhomes for sale. Ask Price: $2,000,000. (Original Price: $2,000,000 and 44 days on the market since 07/12/2020.) This is a 2015 built, 2 bedroom/2 bath, 1,072 sq ft townhome on a 4,500 sq ft lot. Broker comments are “Sold before MLS.” 2019 taxes: $4,325; HOA Dues: $1,172. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/12/2020; Sold Date: 08/25/2020. (Photos courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Basalt)

MLS #165049 – 700 Monarch, Central Core, 700 S Monarch Street Unit 104, Aspen, CO: Sold Price: $1,825,000/$1,799 sq ft; furnished. Sold Date: 08/25/2020. More details below photos.

MLS #165049 – 700 Monarch, Central Core, 700 S Monarch Street Unit 104, Aspen, CO: Sold Price: $1,825,000/$1,799 sq ft; furnished. Sold Date: 08/25/2020. Aspen condos for sale. Ask Price: $1,875,000. (Original Price: $1,875,000 and 56 days on the market since 06/30/2020.) This is a 1971 built and 2019 remodeled, 2 bedroom/2 bath, 1,014 sq ft condo with 1 car garage. Broker comments are “This beautifully appointed 2 bedroom, 2 bath condominium is located at the top of S Monarch Street, right next to lift 1A. You can ski right to the back door and walk out to 1A. The unit was completely remodeled in the spring of 2019 and includes Sub Zero Appliances, marble counter tops, heated bathroom floors, soaking tub in the master, Crestone Lighting System, wood burning fireplace, hard wood floors, lots of storage space and covered parking with an assigned spot . The unit comes fully furnished and is ready for your enjoyment or as a investment property.” 2019 taxes: $3,629; HOA Dues: $8,780. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/11/2020; Sold Date: 08/25/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #162552 – Aspen West End Condo, 790 W Hallam Street 9, Aspen, CO: Sold Price: $755,000/$1,372 sq ft; furnished. Sold Date: 08/24/2020. More details below photos.

MLS #162552 – Aspen West End Condo, 790 W Hallam Street 9, Aspen, CO: Sold Price: $755,000/$1,372 sq ft; furnished. Sold Date: 08/24/2020. Aspen condos for sale. Ask Price: $775,000. (Original Price: $775,000 and 209 days on the market since 12/30/2019.) This is a 1971 built, studio/1 bath, 550 sq ft condo. Broker comments are “Light and bright 550 sf corner studio unit with balcony, open layout, and generous closets. Brand new flooring, paint, bathroom, kitchen, kitchen appliances, washer and dryer. Off-street parking, ski storage, close proximity to ski shuttle. A must see.” 2018 taxes: $1,335. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/09/2020; Sold Date: 08/24/2020. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)

MLS #147634 – Hunter Creek Condominiums, Smuggler, 216 Vine Street, Aspen, CO: Sold Price: $625,000/$1,050 sq ft; furnished. Sold Date: 08/28/2020. More details below photos.

MLS #147634 – Hunter Creek, Smuggler, 216 Vine Street, Aspen, CO: Sold Price: $625,000/$1,050 sq ft; furnished. Sold Date: 08/28/2020. Aspen condos for sale. Ask Price: $649,000. (Original Price: $649,000 and 679 days on the market since 02/18/2017.) This is a 1980 built and 2014 remodeled, 1 bedroom/1 bath, 595 sq ft condo. Broker comments are “This first floor condo located in the superior Building 2 is exceptional.Unlike the older buildings in the complex,the wide hallways and large laundry room are all interior and updated.This condo was completely remodeled and is like new with high end finishes.The unit is completely furnished, turn key.The large patio goes out to a grassy lawn with views of the woods and Red Mountain. You can hear the sound of Hunter Creek that is nearby in the woods.Located on the back side,the unit is extremely quiet and private.It is a short walk to town or the bus comes every 15 minutes.The HOA dues are very low.The Hunter Creek offers private tennis courts,an outdoor swimming pool&hottub.” 2016 taxes: $1,226. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/14/2020; Sold Date: 08/28/2020. (Photos and broker comments courtesy of Lightfoot Real Estate)

MLS #165018 – 428 Woods Road, Woody Creek, CO: Sold Price: $3,375,000/$1,428 sq ft; unfurnished. Sold Date: 08/28/2020. More details below photos.

MLS #165018 – 428 Woods Road, Woody Creek, CO: Sold Price: $3,375,000/$1,428 sq ft; unfurnished. Sold Date: 08/28/2020. Woody Creek homes for sale. Ask Price: $3,375,000. (Original Price: $3,375,000 and 60 days on the market since 06/29/2020.) This is a 1888 built and 2020 remodeled, 2 bedroom/3 bath, 2,363 sq ft single family home with 1 car garage on a 2.11 acres lot. Broker comments are “Riverfront. Fish from your deck. Space, privacy, tranquility. Magical end of the road retreat on the banks of the Roaring Fork. There are two homes on this hidden gem of a 2-acre property: a romantic 1258 sq ft 1-bedroom Victorian cottage on 200′ of riverfront, and a charming 1078 sq ft studio/greenhouse. Newly remodeled kitchen, dining, new hardwood floors and countertops. The property features magnificent gardens with extensive in ground irrigation, perennials and flowering trees, an expansive deck overlooking the river and a small pasture. Both homes have been meticulously maintained, but there are also many redevelopment opportunities possible on the site (see Docs for land use analysis). 10 minutes to Aspen, 10 minutes to Basalt and Willits. Aspen School District.” 2020 taxes: $4,125; HOA Dues: $700. Under Contract Date: 07/12/2020; Sold Date: 08/28/2020. (Photos and broker comments courtesy of Engel & Volkers)

MLS #165016 – Fox Run S,ubdivision, 10 Fox Lane, Snowmass Village, CO: Sold Price: $3,736,000/$772 sq ft; furnished. Sold Date: 08/24/2020. More details below photos.

MLS #165016 – Fox Run Sub, 10 Fox Lane, Snowmass Village, CO: Sold Price: $3,736,000/$772 sq ft; furnished. Sold Date: 08/24/2020. Snowmass Village homes for sale. Ask Price: $3,985,000. (Original Price: $3,985,000 and 336 days on the market since 08/28/2019.) This is a 1987 built and 2000 remodeled, 4 bedroom/4 bath/1 half-bath/1 bonusroom, 4,839 sq ft single family home with 2 car garage on a 1.06 acres lot. Broker comments are “One of the loveliest properties in this private 25-homesite development, enveloped in a park-like setting with big views toward Aspen and the Cont’l Divide, as well as of Burnt Mtn. The great room, dining and kitchen, plus two decks, are ideally designed for entertaining, yet are furnished to be comfortable just for the family. These areas feature wood floors, stone, 2-sided woodburning fireplace, wine closet, wet bar, breakfast nook, electronically-controlled shades, and two huge TVs that descend into their own cabinet when not being used. Also on the main level is a generous master suite with sitting area and views of the Divide, with a large bath adjacent that includes a double vanity, bidet, a steam shower with a big view window, jetted tub, His/Hers closets and dressing rooms, and another big sun deck. Guest living is on the entry level and features three en suite bedrooms, an office, and mudroom. All guest bedrooms open out to patios, a hot tub, and a wonderful backyard perfect for kids. Gorgeous landscaping featuring many perennials. Elegantly furnished. Full of light. A/C. Radon system. Dumbwaiter from the garage. Beautiful entry, with home hidden from the street. Extremely private and quiet.” 2019 taxes: $12,708; HOA Dues: $2,423. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/18/2020; Sold Date: 08/24/2020. (Photos and broker comments courtesy of Compass SMV)

MLS #165274 – Melton Ranch, 365 Terrace Drive, Snowmass Village, CO: Sold Price: $3,500,000/$1,235 sq ft; furnished. Sold Date: 08/24/2020. More details below photos.

MLS #165274 – Melton Ranch, 365 Terrace Drive, Snowmass Village, CO: Sold Price: $3,500,000/$1,235 sq ft; furnished. Sold Date: 08/24/2020. Snowmass Village homes for sale. Ask Price: $3,500,000. (Original Price: $3,500,000 and 281 days on the market since 11/16/2019.) This is a 1969 built and 2017 remodeled, 5 bedroom/5 bath/1 half-bath/1 3/4-bath, 2,832 sq ft single family home with 2 car garage on a 40,248 sq ft lot. Broker comments are “Inspiration in Snowmass! Enjoy phenomenal panoramic views of the Continental Divide and Snowmass from every room in this inspiring 5-bedroom, 5 bath home. Featuring a 2-car garage on a .92 acre lot, this home encourages year round use, perfect for living and entertaining to the highest degree both indoors and out. Flowing effortlessly, this home incorporates an open floorpan, complimented by high ceilings, exceptional appliances and impressive finishes. Generous windows invite mountain sunshine and inspiring views, connecting the home with its natural surroundings. Fully renovated in 2018 by Reagan Construction in conjunction with Mountain Contemporary Architects, no detail has been left unattended. Fully equipped with modern systems, including snowmelt, this home is truly turn key.” 2019 taxes: $8,779; HOA Dues: $150. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/13/2020; Sold Date: 08/24/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #165557 – Country Club, 17 Fairway Drive, Snowmass Village, CO: Sold Price: $2,450,000/$919 sq ft; furnished. Sold Date: 08/26/2020. More details below photos.

MLS #165557 – Country Club, 17 Fairway Drive, Snowmass Village, CO: Sold Price: $2,450,000/$919 sq ft; furnished. Sold Date: 08/26/2020. Snowmass Village homes for sale. Ask Price: $2,600,000. (Original Price: $2,600,000 and 52 days on the market since 07/05/2020.) This is a 1996 built and 2007 remodeled, 4 bedroom/3 bath/1 half-bath, 2,665 sq ft single family home with 2 car garage on a 9,068 sq ft lot. Broker comments are “An elegant and exceptionally well-cared for home just a few hundred yards from the Two Creeks chairlift. Designed with the great room and master suite on the upper level, views of the ski area are dominant in all the south-facing windows. A lovely seasonal stream runs along the west property line and adds so much character to both the outdoor living and the bedroom sleeping experience. Features include wood floors, fireplaces in the living area and in the master, a huge east-facing kitchen with gas range and an island with bar seating, a Juliet-balcony off the dining room, and a 2-story window wall highlighting the entry staircase and chandelier. Mitsubishi A/C in the beautiful master suite, a big wine cooler, a stream-side hot tub and a lovely patio for dining and entertaining are additional amenities. The 4th bedroom is furnished as an office, but could easily be used for sleeping. Windows everywhere insure a light-filled, sunny interior all day long. Ideal location: walk to skiing or to The Snowmass Club; on the school bus and Village shuttle routes.” 2019 taxes: $7,586; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/06/2020; Sold Date: 08/26/2020. (Photos and broker comments courtesy of Compass SMV)

MLS #165037 – Deerbrook, 381 Ridge Road A2, Snowmass Village, CO: Sold Price: $2,200,000/$751 sq ft; furnished. Sold Date: 08/28/2020. More details below photos.

MLS #165037 – Deerbrook, 381 Ridge Road A2, Snowmass Village, CO: Sold Price: $2,200,000/$751 sq ft; furnished. Sold Date: 08/28/2020. Snowmass Village townhomes for sale. Ask Price: $2,395,000. (Original Price: $2,395,000 and 332 days on the market since 07/19/2019.) This is a 1990 built, 4 bedroom/4 bath/1 half-bath, 2,929 sq ft townhome with 1 car garage. Broker comments are “Sellers updated furnishings and it looks great. Deerbrook townhome is superbly located off of Assay Hill and across from the Viceroy Hotel. Lots of windows to allow natural light and views on every level; a benefit specific to being in this particular building. It has a great floorplan with master suite and second bedroom on the top floor, living areas on the middle level, and 2 more bedrooms, including the guest master suite with easy access to the hot tub and skiing on the lower level. Deerbrook Townhomes have so much to offer including ski access, 1-car garage, small association and just a short distance from Base Village. Plus, it has only 1% transfer tax. This is the place to be on Snowmass Mountain.” 2019 taxes: $6,754; HOA Dues: $30,617. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/22/2020; Sold Date: 08/28/2020. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)

MLS #160526 – Capitol Peak, 60 Carriage Way 3031, Snowmass Village, CO: Sold Price: $835,000/$784 sq ft; furnished. Sold Date: 08/24/2020. More details below photos.

MLS #160526 – Capitol Peak, 60 Carriage Way 3031, Snowmass Village, CO: Sold Price: $835,000/$784 sq ft; furnished. Sold Date: 08/24/2020. Snowmass Village condos for sale. Ask Price: $925,000. (Original Price: $995,000 and 401 days on the market since 07/20/2019.) This is a 2008 built, 2 bedroom/2 bath, 1,065 sq ft condo. Broker comments are “This handsome Capitol Peak features vaulted ceilings, natural light, and views of the Rim Trail. An open floor plan with a very generous master suite and private bath. A twin guest bedroom with full bath on the hall is located on the complete opposite side of the master suite. Entire condo recently refurnished and refreshed. Huge covered and private patio just off the living room. Stainless appliances, granite countertops and washer/dryer in condo for convenience. In the heart of the action of Base Village and just steps to the Snowmass gondola. Other amenities include pool room, fitness center, outdoor spa, elevator, ski locker on the entry level, and underground parking, everything you’ll need for a coveted and perfect holiday.” 2019 taxes: $5,545; HOA Dues: $18,358. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/09/2020; Sold Date: 08/24/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #159680 – Laurelwood, 640 Carriage Way 415, Snowmass Village, CO: Sold Price: $325,000/$621 sq ft; furnished. Sold Date: 08/25/2020. More details below photos.

MLS #159680 – Laurelwood, 640 Carriage Way 415, Snowmass Village, CO: Sold Price: $325,000/$621 sq ft; furnished. Sold Date: 08/25/2020. Snowmass Village condos for sale. Ask Price: $335,000. (Original Price: $335,000 and 445 days on the market since 06/07/2019.) This is a 1969 built and 1997 remodeled, studio/1 bath, 523 sq ft condo. Broker comments are “One of the most desirable locations at the Laurelwood. Top floor, corner studio with great views of the ski slope. Cozy living room with wood burning fireplace. Just steps away from Fanny Hill and convenient access to dining and shopping in the Snowmass Mall and Base Village. Soak in the Laurelwood’s 2 tier hot tub after a long day of skiing. Great on-site management including daily housekeeping, maintenance, laundry facilities and ski storage. Perfect ski Pied-à-terre.” 2019 taxes: $1,103; HOA Dues: $14,242. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/01/2020; Sold Date: 08/25/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #162768 – Horse Ranch, 387 Branding Lane, Snowmass Village, CO: Sold Price: $1,700,000. Sold Date: 08/25/2020. More details below photos.

MLS #162768 – Horse Ranch, 387 Branding Lane, Snowmass Village, CO: Sold Price: $1,700,000. Sold Date: 08/25/2020. Snowmass Village lots for sale. Ask Price: $1,895,000. (Original Price: $1,895,000 and 210 days on the market since 01/15/2020.) This is a 34,946 sq ft single family vacant lot. Broker comments are “One of the last, and certainly the BEST, homesite in Horse Ranch for you and your family. This site has unending, stunning views across the golf course and the horse pasture of the Continental Divide. Flat building site, all day sun and unobstructed forever views means you can maximize your home design to take advantage of all the opportunities . Build a 4,350 FAR + 900 SF Garage. Horse Ranch is one of Snowmass Village’s most sought after neighborhoods. It is situated near the Snowmass Club, golf course, Snowmass Recreation Center and just a few minutes’ drive to the Snowmass Ski Area. This parcel is located at the end of a cul-de-sac and affords views and privacy infrequently found in this price range. See docs tab for addt’l info. what you can build on the property: 1. 3500 s.f. by right 2. 350 s.f. under the floor-area excise tax, which is collected from owners who wish to build or expand their homes as much as 550 square feet or 10 percent of the maximum allowed footage for their lots at a cost of approximately $150,000. 3. If you have a “Qualifying Basement”, you can add another 15% or 525 s.f. under the Basement Exemption. A Qualifying Basement is one in which 50% of the exterior walls of the basement are 100% below ground level. The definition from Ordinance No. 04 Series of 2013 of Basement or Basement Space means any one floor level of a building located in a manner that at least fifty percent (50%) of its floor to ceiling height for each of surrounding walls is subgrade area below-grade. Note: Window wells on exterior foundation walls shall be considered exposed. 4. Currently, mechanical rooms, crawl spaces, patios and 2 bay garages up to 700 s.f. or 3 bay garages up to 900 s.f. are exempt from FAR. However, TOSV is considering removing mechanical rooms from this benefit as people are building large mechanical rooms and converting them into entertainment rooms after getting their certificates of occupancy. Therefore, the maximum one could build on this site is 4,375 s.f. Having said that, architects are quite creative and know how to squeeze every square foot available from a site.” 2019 taxes: $19,512; HOA Dues: $190. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/24/2020; Sold Date: 08/25/2020. (Photos and broker comments courtesy of Wendy Lucas Aspen).

 

MLS #164123 – Aspen Village, Woody Creek, 3 Aspen Village, Aspen, CO: Sold Price: $440,000/$433 sq ft. Sold Date: 08/27/2020. More details below photos.

MLS #164123 – Aspen Village, Woody Creek, 3 Aspen Village, Aspen, CO: Sold Price: $440,000/$433 sq ft. Sold Date: 08/27/2020. Aspen homes for sale. Ask Price: $459,000. (Original Price: $459,000 and 116 days on the market since 05/03/2020.) This is a 2007 built and 2018 remodeled, 3 bedroom/2 bath, 1,015 sq ft single family home on a 3,433 sq ft lot. Broker comments are “Just 15 ins. from Aspen. This 1,015 sf (16×64 Modular-UBC) home with 3 bedrooms, 2 bathrooms sites on a 3,433 sf lot. The open concept floor plan has abundant natural light and spacious, entertaining-friendly quarters. Vaulted ceilings throughout. Central air conditioning. Many upgrades. Laminate flooring throughout. Kitchen features an eat-at bar. All new stainless steel kitchen appliances, washer and dryer-new 2018. Master bedroom suite with walk in closet. All interior walls painted-2018. Exterior is complete with large deck for entertaining and 2 storage sheds. No dogs allowed. Located on bus route. Community pool and gym. Deed Restricted to RO by APCHA  – resident owner occupied only. Buyer must work a min. 1500 hrs/yr in the Roaring Fork Valley(Aspen to Glenwood). There is no sale price restriction Aspen Pitkin County Housing Authority (APCHA) states Buyer cannot own any improved property from Aspen to Rifle. Aspen Village has its own Metro District. There are no HOA dues. Property taxes include water, sewer, trash pickup, common area & road maintenance, snow removal and management. Aspen Village offers great amenities including a community pool (summer use only), children’s playground and indoor gym. There is also a separate storage area for cars, boats etc. One additional car is allowed in guest parking with a parking permit. Parking area for 2 cars on lot. One additional parking spot is allowed with a parking permit. No dogs are allowed. Cats are allowed. Renting of the home is only allowed for a short period of time if the home is actively listed for sale. Maximum of two roommates are allowed. APCHA controls Deed Restriction.” 2019 taxes: $4,055. Under Contract Date: 07/22/2020; Sold Date: 08/27/2020. (Photos and broker comments courtesy of Janet Mitchell & Co)

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