Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll down to bottom of this page and search by date or topic. Search this site by Aspen and Snowmass topic in SearchEstinAspen.com in the menu bar. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds.

Link to The Estin Report: Aspen Snowmass Real Estate 2010 Year End Summary

Last Week’s Market Highlights – Aspen Snowmass Real Estate Sales and Under Contract Activity: Last Week’s Aspen and Snowmass Real Estate Sales and Under Contract Activity: Last week’s real estate sales activity appears below for the upper Roaring Fork Valley for all property types over $250,000 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted on Tim’s website to preserve an archive of sold market activity.

Spreadsheet Summary: The Estin Report: Aspen Snowmass Weekly Sales Statistics, April 3 – 10, 2011

Closed (5): MLS’s 101267, 114987, 115984, 119195, 120412. Link is valid for 30 days until 5/9/2011.

MLS #120412 – New Aspen West End Contemporary home, 200 W. Hallam, Aspen CO: Sold Price: $12,300,000/$1,852 sq ft; Ask Price: $13,450,000/$2,025 sq ft; and 76 days on the market since 01/18/11.) This is a brand new 2011 home with 7 bedrooms/7 baths and 2 half baths, 6,641 sq ft on a larger 9,000 sf lot (typical size is 6,000 sf) with 2-car garage. No broker comments. 2010 Taxes: $12,408 Yr. Under Contract Date: 02/13/11; Sold Date: 4/04/11. City of Aspen RETT Transfer Tax of 1.5% payable by buyer.(Photos courtesy of CB The Aspen Brokers, LTD.)

MLS #115984 – Snowmass Village single ski in/out family home, 1993 Faraway Road, Snowmass Village, CO: Sold Price: $4,000,000/$927 sq ft; Ask Price: $4,250,000/$985 sq ft on the market 345 days since 4/28/10. This is a 2000 built 4 bedroom/4.5 bath, 4,213 sq ft home on .74 acres with a 2-car garage. The broker writes, “An extraordinary, high-end mountain home reflecting comfort, quality and master craftsmanship. Numerous custom-designed details including handmade iron chandeliers and stair railing, stunning hammered copper range hood, and custom-milled woodwork throughout. Rich interiors feature distressed Old World beams with iron-jointed trusses, reclaimed wood flooring, integrated plaster walls, and generous amounts of stone and granite. “Lite Touch” lighting control system and central sound system. All rooms open to the outdoors with snow-melted decks, a fire pit, hot tub, and your own aspen forest. Ski-in/out via West Fork/Two Creeks trail. Impeccably maintained;” 2010 Taxes: $12,575; HOA Dues: $90 Yr.Town of Snowmass Village Transfer Tax of 1% payable by buyer. (Photos and description courtesy of BJ Adams and Company-Aspen.)

MLS #119195 – Snowmass Village ski in/out condo, Laurelwood #413, 640 Carriage Way, Snowmass Village, CO: Sold Price: $350,000/$686 sq ft; Ask Price: $435,000/$853 sq ft. (Original Price: $475,000 and 226 days on the market since 12/22/10.) This is ski0 in/ou studio condo, 510 sq ft built in 1969/remodeled in 2010. The broker writes, “Prime location. Nice studio top floor unit with views of the ski slopes. Light and bright with a large lofty area for all your storage. Great as a starter unit or as an income property. Excellent rental history.” 2010 Taxes: $1,615 Yr; HOA Dues: $3,422 Yr. Under Contract Date:2/19/11; Sold Date:4/5/11.Town of Snowmass Village Transfer Tax of 1% payable by buyer. (Photos and description courtesy of Chaffin Light Real Estate Snowmass Village.)

MLS # 114987 – Aspen Core riverside new remodeled condo, Chateau Eau Claire #2A, Aspen, CO: Sold Price: $1,500,000/$ 1,034 sq ft; Ask Price:$1,595,000/$1,105 sq ft (Original Price: $2,220,000 and on the market 411 days since 2/22/10.) This is a riverside 3 bedroom/2 bath, 1444 sq ft 1972 built/2009 remodel unit with common parking located on the side of a perceived busy street, East Cooper. 2010 Taxes: $5,027 YR; HOA Dues: $4,012 Qtr. The broker’s comments are, “You will enjoy the in-town living with this stunning 3 bedroom corner unit on the river. Recently remodeled features master craftsmanship throughout. Furnishings speak of sophistication. The two wood-burning fireplaces will warm your spirits. Pool amenities and much more.” Under Contract Date:03/02/11; Sold Date: 04/05/11. City of Aspen RETT Transfer Tax of 1.5% payable by buyer. (Photos and description courtesy of Chaffin Light Real Estate Aspen.)

MLS # 101267 – single family residential teardown home/lot, 104 Sagebrush Ln, Brush Creek Village, Aspen, CO: Sold Price: $650,000/$320 sq ft; Ask Price: $745,000/$367 sq ft. (Original Price:$1,500,000 and 1,281 days on the market since 9/27/2007.) 2009 Taxes: $2,639 Yr; HOA Dues: $220 Qtr. Sold for lot value. The broker’s comments are, “Tucked away on a hillside, this property features great Independence Pass and Ajax views. Rustic home on 2+ acres, with tumbled marble and granite tiled floors, marble and aspenwood in main level bath, several decks, family room, ample parking area. Build up to 5750 sq. ft. or expand or remodel existing home. Aspen school disctrict. No transfer tax.” Under Contract Date:01/18/11; Sold Date:03/31/11. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

Under Contract / Pending (12): MLS # 120447, 120448, 117707, 113457, 119183, 104789, 115424, 115302, 111403, 120365, 120367, 119161. Link is valid for 30 days until 5/9/2011. Photos and descriptions of under contract properties are not posted unless special circumstances dictate.

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s Aspen Real Estate Blog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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Disclaimer: The statements made in The Estin Report and on 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 970.920.7387 or by email.The Estin Report is copyrighted 2011 and all rights reserved.. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com”