June 23 – 30, 2019 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (7).

The May 2019 Aspen Snowmass Village Real Estate Market Report Snapshot was posted June 4th in Current Reports June  and 1st Half 2019 (YTD) will be posted early this week.  The Monthly Snapshots are posted on or near the 1st Monday of every month. 

Just Released Bi-Annual – Estin Report: Aspen Snowmass Real Estate Market 2019 Winter Spring

The updated Pace of Sales Charts Q1 2008 through Q1 2019 were posted in Charts on Apr 8, 19. New charts through Q2 2019 will be posted later this week.  These answer the question “Where are we now compared to prior periods?” and indicate market direction trend lines.

     
                                   Aspen & Snowmass Village Historic Real Estate Sales Chart Series

Blog Post: June 23 – 30, 2019 Aspen CO real estate market activity, Week 26

Weekly Aspen and Snowmass CO real estate sales activity appears below for sold and under contracts properties in the upper Roaring Fork Valley over $250,000 – for Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass. Fractional sales are not included. Photos and written descriptions of sold properties are posted here as the MLS links below expire after 30 days. For earlier dates, see the Estin Report blog archives starting in 2008 at the bottom of the page. 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 (10):  MLS#s: 150330,153157, 154536, 155643, 154730, 157367, 155302, 158277, 158917, 159870.  This link is valid until 7/26/2019.

Under Contract/Pending (7)MLS#s: 154252,154677,157275,157571,159096,159336,159718.  This link is valid until 7/23/2019.

Sold Properties Last Week:

MLS #150330 – Spruce Street, Smuggler, 737 N Spruce Street, Aspen, CO: Sold Price: $9,000,000/$1,081 sq ft; unfurnished. Sold Date: 06/25/2019. More details below photos.

MLS #150330 – Spruce Street, Smuggler, 737 N Spruce Street, Aspen, CO: Sold Price: $9,000,000/$1,081 sq ft; partially furnished. Sold Date: 06/25/2019. Aspen homes for sale. Ask Price: $9,900,000. (Original Price: $11,850,000 and 681 days on the market since 07/30/2017.) This is a 2000 built and 2015 remodeled, 5 bedroom/5 bath/2 half-bath, 8,321 sq ft single family home with 3 car garage on a 2.63 acres lot. Broker comments are, “Unparalleled views of Aspen Mountain, Independence Pass, and the West Elks accent all five bedrooms, seven patios, and south-facing windows in this elegant, European inspired contemporary home. Exposed timber, native stone accents, hand distressed wood floors, and varied peaked roof lines mirror the alpine setting of this exclusive estate, creating a harmony from within and without that make this a stand-out, one-of-a-kind haven to call home.” 2016 taxes: $14,767. Under Contract Date: 04/07/2019; Sold Date: 06/25/2019. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

Property and Listing History
737 N Spruce Street, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #153157 – Mountain Valley, East Aspen, 123 Mountain Laurel Drive, Aspen, CO: Sold Price: $3,420,000/$978 sq ft; partially furnished. Sold Date: 06/24/2019. More details below photos.

MLS #153157 – Mountain Valley, East Aspen, 123 Mountain Laurel Drive, Aspen, CO: Sold Price: $3,420,000/$978 sq ft; partially furnished. Sold Date: 06/24/2019. Aspen homes for sale. Ask Price: $4,450,000. (Original Price: $4,450,000 and 450 days on the market since 03/20/2018.) This is a 1974 built and 2010 remodeled, 3 bedroom/3 bath, 3,495 sq ft single family home with 2 car garage on a 15,291 sq ft lot. Broker comments are “This mid-century modern home is located just 1.5 miles from the Aspen Mountain gondola and located in the Aspen school district. Featuring various walk-out decks and Aspen Mountain views, this light filled home has two entertaining areas. Designed to be simple, the home emphasizes horizontal lines, many windows, an easy and open flow from room to room, plus a smooth transition from indoors to outdoors. Great outdoor space. An oversized two car garage (two cars and room for motorcycle, scooter, bikes and more). A clean, unfettered look with curves, polymorphic and geometric shapes. This meticulously maintained home provides an open kitchen, a generous office or third entertaining area off of the master bedroom and a cool design making this a great alternative to condo living.” 2019 taxes: $5,482; HOA Dues: $200 per Yr. Under Contract Date: 05/18/2019; Sold Date: 06/24/2019. (Photos and broker comments courtesy of Compass Aspen)

Property and Listing History
123 Mountain Laurel Drive, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #159669 – Monarch on the Park, Central Core, 233 E Cooper Avenue Unit C-1, Aspen, CO: Sold Price: $6,850,000/$2,563 sq ft; furnished. Sold Date: 06/28/2019. More details below photos.

MLS #159669 – Monarch on the Park – Downtown Aspen Central Core, 233 E Cooper Avenue Unit C-1, Aspen, CO: Sold Price: $6,850,000/$2,563 sq ft; furnished. Sold Date: 06/28/2019. Aspen condos for sale. Ask Price: $6,950,000. (Original Price: $6,950,000 and 220 days on the market since 08/11/2018.) This is a 2008 built, 3 bedroom/3 bath/1 half-bath, 2,672 sq ft condo. Broker comments are “A better location does not exist in downtown Aspen. Just steps from the gondola and Aspen’s famous shops and restaurants, this residence at Monarch on the Park provides the quintessential in-town living experience. With nearly 2700 square feet all on one level, the generous and open floor plan features a spacious great room with gas-burning fireplace, gourmet kitchen, den / office flex space, three en-suite bedrooms, and private outdoor patio. New furnishings installed in fall 2018. Includes two dedicated parking spaces and a storage unit in the heated parking garage with an elevator to the unit. Ownership privileges include use of the pool, hot tub, workout room and spa at the Limelight Hotel across the street. Investors take note: this condo produces $200,000-$250,000 / year in rental revenue.” 2018 taxes: $15,702; HOA Dues: $20,250. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/09/2019; Sold Date: 06/28/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

Property and Listing History
233 E Cooper Avenue Unit C-1, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #155643 – River Bluff Townhomes, Smuggler, 155 Lone Pine #1, Aspen, CO: Sold Price: $4,420,000/$1,762 sq ft; furnished. Sold Date: 06/21/2019. More details below photos.

MLS #155643 – River Bluff Townhomes, Smuggler, 155 Lone Pine #1, Aspen, CO: Sold Price: $4,420,000/$1,762 sq ft; furnished. Sold Date: 06/21/2019. Aspen townhomes for sale. Ask Price: $4,495,000. (Original Price: $4,740,000 and 315 days on the market since 08/10/2018.) This is a 1980 built and 2014 remodeled, 4 bedroom/4 bath/1 half-bath, 2,508 sq ft townhomes with 2 car garage. Broker comments are “Incredible Aspen Mountain view from this luxurious, newly remodeled four bedroom, four and one half bath River Bluff townhome. Ideally located at the base of Red Mountain, just a five minute walk to center of town. Bathed in radiant light all day, this modern home has high ceilings, skylights and architectural windows throughout. No expense was spared in the recent renovation featuring all new luxury finishes and furnishings, heated bathroom floors, state-of-the-art Sonos home entertainment system and flat screen televisions throughout, Bosch stainless appliances and gas cooktop/oven, Eurotop luxury firm Estate collection mattresses by Stearns and Foster, heated bathroom floors, steam shower, Sonos music system throughout and NEST integrated temperature control. Each Bedroom has its own private bathroom. This expansive townhome comes with amazing amenities including an over-sized two car garage, heated walkways and private hot tub. Enjoy stunning views from the spacious open living area and elegantly appointed bedrooms.” 2017 taxes: $7,766; HOA Dues: $17,280. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/26/2019; Sold Date: 06/21/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

Property and Listing History
155 Lone Pine #1, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #152409 – Countryside Townhomes, 106 Clubhouse Drive 181, Snowmass Village, CO: Sold Price: $1,900,000/$856 sq ft; furnished. Sold Date: 06/28/2019. More details below photos.

MLS #152409 – Countryside, 106 Clubhouse Drive 181, Snowmass Village, CO: Sold Price: $1,900,000/$856 sq ft; furnished. Sold Date: 06/28/2019. Snowmass Village townhomes for sale. Ask Price: $1,990,000. (Original Price: $2,095,000 and 496 days on the market since 01/25/2018.) This is a 2005 built, 4 bedroom/4 bath/1 half-bath, 2,218 sq ft condo. Broker comments are “4 bedroom/4 ½ bath beautiful townhome located in the heart of the Snowmass Club. Enjoy the site and sounds of the water running along the tranquil Brush Creek right out your door. This townhome lives like a home with private garage parking, ample storage and spacious bedrooms. The living room, kitchen, dining and master suite are all on one level. Enjoy a 15 second walk to the 19,000 sq. ft. Snowmass Club Health facility which includes weights, yoga, bicycling, multiple swimming pools, tennis (both inside and out) as well as a great restaurant and bar. This is the epitome of convenience and luxurious club living.” 2018 taxes: $6,422; HOA Dues: $28,948. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/07/2019; Sold Date: 06/28/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

Property and Listing History
106 Clubhouse Drive 181, Snowmass Village, CO 81615
MLS # Status Price % Change Date DOM Address

MLS #157367 – Top of Village, 855 Carriage Way Leaf 802, Snowmass Village, CO: Sold Price: $860,000/$593 sq ft; furnished. Sold Date: 06/26/2019. More details below photos.

MLS #157367 – Top of Village, 855 Carriage Way Leaf 802, Snowmass Village, CO: Sold Price: $860,000/$593 sq ft; furnished. Sold Date: 06/26/2019. Snowmass Village condos for sale. Ask Price: $995,000. (Original Price: $1,100,000 and 939 days on the market since 08/13/2016.) This is a 1974 built and 2005 remodeled, 3 bedroom/3 bath, 1,450 sq ft condo. Tim’s notes: This property has basically been for sale since Sept 2008…Aggressive, unrealistic pricing in the fall 2008 meant the property would follow the market down…never jumping ahead to attempt a pre-emptive lower sale price. Of course easy to say in hindsight. At the time, prices were dropping so fast, no one had a real sense of what things were worth in late 2008-2011. This should be used as an example of what happens when a seller initially prices too aggressively, then lowers their price too incrementally as opposed to boldy, at the sign of a market turn. You’ve got to try to jump ahead of a rapidly changing market. Broker comments are “This beautifully remodeled three bedroom unit has been cared for and enjoyed by the owners for 35 years. Never been rented and it shows! With its high end finishes and decorator touches including rough edged double thickness granite countertops, charming kitchen painted cabinetry, stainless appliances and Kohler bath fixtures this one has it all. The kitchen island and large dining table welcomes large family and friends gatherings. Premiere rated for future rental income. Rental pro forma available. Winter views of the ski slope and a close walk to the Snowmass Mall in the summer. Top of the Village is one of the most desirable condo developments in Snowmass for its ski in/out access and excellent property and rental management.” 2018 taxes: $4,148; HOA Dues: $14,771. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/27/2019; Sold Date: 06/26/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)

Property and Listing History
855 Carriage Way Leaf 802, Snowmass Village, CO 81615
MLS # Status Price % Change Date DOM Address

MLS #158858 – Assay Hill Lodge Condo Hotel, 130 Wood Road 736 aka 13636, Snowmass Village, CO: Sold Price: $263,500/$675 sq ft; furnished. Sold Date: 06/27/2019. More details below photos.

MLS #158858 – Assay Hill Lodge Condo Hotel, 130 Wood Road 736 aka 13636, Snowmass Village, CO: Sold Price: $263,500/$675 sq ft; furnished. Sold Date: 06/27/2019. Snowmass Village condos for sale. Ask Price: $310,000. (Original Price: $310,000 and 77 days on the market since 04/11/2019.) This is a 2010 built, studio/1 bath, 390 sq ft condo. Broker comments are “Premier located studio condominium located on Assay Hill Lodge’s 7th floor. This is an end unit with expansive and exceptional valley views with an incredible rental history. Don’t miss out on not only one of a few studios available, but the most sought-after condominiums available at Assay Hill Lodge. Property come with separate soaking tub and enclosed shower. Offered fully furnished and turn-key.” 2018 taxes: $2,489; HOA Dues: $10,132. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/24/2019; Sold Date: 06/27/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

Property and Listing History
130 Wood Road 736 aka 13636, Snowmass Village, CO 81615
MLS # Status Price % Change Date DOM Address

_______________________