The Estin Report: June 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. July 10th. The Snapshots are usually posted on or near the 1st Monday of the month.
“June 2017 has been the best June for Aspen real estate in the past 10 years. Dollar sales for properties selling over $10M are up over 125% year-to-date (YTD) and for all properties, sales are up 118% YTD. At the same time, inventory of available properties for sale is declining, down 30% in June ’17 year over year, which should create upward pressure on prices…”
Estin Report: Q1 2017 & 2016 Year: 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.
Market Activity Week 29, July 9 – 16, 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 (5): MLS#s 149896, 149973, 144834, 146108, 141344. This link is valid until 8/15/2017.
Under Contract/Pending (17): MLS#s148348, 147202, 147620, 149626, 144258, 145521, 146159, 148077, 149497, 149573, 147009, 149702, 149552, 149527, 148929, 125883, 125884. This link is valid until 8/15/2017.
Aspen Snowmass Solds Last Week:
MLS 149896 – 610 W Hallam, an Aspen West End single family home. Sold Price: $11,700,000/$2,451 sq ft. More details below photo.
MLS #149896 – West End, 610 W Hallam, Aspen, CO. Sold Price: $11,700,000/$2,451 sq ft. Historic Aspen single family home for sale. Ask Price: $11,700,000. (Original Price: $11,700,000 and sold off-market. Public records indicate the property was purchased previously on 10/26/2010 for $5.25M/$1,102 sq ft under adverse seller conditions at the time by Charles B. Moss Jr. The current buyer is Bray Trust, Dallas,TX.) This is a 1888 built/2000 remodel, 5 bedroom/5 bath/1 half-bath, 4,773 sq ft single family home with 2 car garage on a 5,250 sq ft lot. Described in its prior 2010 sale as “Beautiful West End home. South facing. Garden level spaces have full 9 ft ceilings with walkout courtyards off each room. 5 bedrooms, 5.5 baths with exercise room that could become 6th bedroom. Caretakers unit has outside access.” 2017 taxes: $16,482. City of Aspen RETT Transfer Tax of approx.1.5% payable by buyer. Under Contract Date: 07/01/2017; Sold Date: 07/06/2017. (Photos and comments courtesy of Aspen Snowmass Sothebys International Real Estate from prior MLS listing #117340).
MLS #149973 – 230 E Hopkins commercial building in downtown Aspen, Central Core. Sold Price: $11,275,000/$1,442 sq ft. More details below photo.
MLS #149973 – Townsite of Aspen, Central Core, 230 E Hopkins Avenue, Aspen, CO. Sold Price: $11,275,000/$1,442 sq ft. Aspen commercial industria for sale. Ask Price: $11,275,000. (Original Price: $11,275,000 and 63 days on the market since 05/10/2017. According to public records, the for sale by owner (FSBO) was Mountain Forge LLC, an investor group associated with William E. Boehringer of WEB Capital, who paid $8.5M in 07/11/16; the buyer is Hexagon 360 LLC with Paul B. Edgerley as principal, a senior advisor and former managing director at Bain Capital,) This is a 1963 built, 7,820 sq ft commercial industria on a 6,000 sq ft lot. See P & Z article on the property’s redevelopment. A prior listing broker comments were, “Excellent corner investment building in downtown Aspen with 4 commercial tenants and one apartment, plus parking spaces. Opportunity for upside in this Mixed-Use Zone adjacent to ”restaurant row” and the Commercial Core Zone, right across from Francis Whitaker Park. Good views of Aspen Mountain. Total SF per Assessor is 7,820.” 2015 taxes: $62,046. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/10/2017; Sold Date: 07/12/2017. (Broker comments courtesy of Listing #140060 Setterfield & Bright Real Estate and photo courtesy of Tim Estin, Broker, Aspen Snowmass Sothebys RE).
MLS #144834 – Mountain River Manor, Central Core, 900 E Hopkins Avenue 12, Aspen, CO. Sold Price: $503,000/$1,303 sq ft; unfurnished. More details below photos.
MLS #144834 – Mountain River Manor, Central Core, 900 E Hopkins Avenue 12, Aspen, CO. Sold Price: $503,000/$1,303 sq ft; unfurnished. Aspen condo for sale. Ask Price: $519,000. (Original Price: $525,000 and 377 days on the market since 06/24/2016.) This is a 1971 built and 2012 remodeled, studio/1 bath, 386 sq ft condo. Broker comments are “Best unit in the complex. Top floor, corner, south-east facing studio plus sleeping loft with views of Aspen Mountain and sounds of the Roaring Fork River. Light and bright and in excellent condition featuring updated appliances, bamboo wood floors, tiled bath and excellent storage/closet space. 5 blocks to the gondola-a Walk everywhere location on a quiet dead-end street. Very low HOA fees of $1000/quarter include all utilities. Common laundry in building plus roomy private storage unit. Possibility for assigned parking space. No pets and no short term rentals but would make an excellent primary or second home or long term rental.” 2015 taxes: $1,077; HOA Dues: $1000 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/24/2017; Sold Date: 07/06/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #146108 – Top of Village, 855 Carriage Way 408, Snowmass Village, CO: Sold Price: $815,000/$754 sq ft; furnished. More details below photos.
MLS #146108 – Top of Village, 855 Carriage Way 408, Snowmass Village, CO: Sold Price: $815,000/$754 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $845,000. (Original Price: $895,000 and 1,108 days on the market since 04/01/2014.) This is a 1974 built and 2006 remodeled, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are “Great Value, Beautiful Interior and Views up to the Mountain. Top floor, vaulted ceilings throughout, professional designer renovated unit. Elevator. Upgraded kitchen and dining area. Remodeled bathrooms & kitchen. Abundance of storage. The living room is equipped with a gas log fireplace with a beautiful stone hearth and face, built-in entertainment center in both the living room and master bedroom. The outdoor patio with wrap-around windows gives way to beautiful views straight up Dawdler ski run which makes this a truly ski-in-ski-out complex. Ski to the elevator for easy access to the top floor. Covered assigned parking. The clubhouse has front desk services, heated pool, hot tubs and club room. Fully furnished.” 2015 Taxes: $2,742; HOA Dues: $14,165 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/14/2017; Sold Date: 06/28/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #141344 – Aspenwood, 600 Carriage Way Aspenwood L-12, Snowmass Village, CO: Sold Price: $282,625/$387 sq ft. More details below photos.
MLS #141344 – Aspenwood, 600 Carriage Way Aspenwood L-12, Snowmass Village, CO: Sold Price: $282,625/$387 sq ft. Snowmass Village condo for sale. Ask Price: $296,500. (Original Price: $303,000 and 635 days on the market since 10/15/2015.) This is a 1967 built and 2009 remodeled, studio/1 bath, 730 sq ft condo. Broker comments are “This large studio with loft sleeping area has been remodeled with new kitchen counters with custom cabinets. Lots of light, faces East toward pool and with views of ski area. Steps from skiing, the Snowmass Mall and the heart of everything Snowmass offers. Long term tenant in place with move-out clause. The entire complex was remodeled in 2009 with all new exterior, pool, 2 grotto hot tubs, workout facility, conference room, storage, and front desk. Just one level above the Snowmass Mall for convenient dining and shopping, and valley-wide bus transportation.” 2016 Taxes: $847; HOA Dues: $8,352 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/25/2017; Sold Date: 07/11/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
Recent Estin Report tweets on Aspen Real Estate
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. The Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to this website: “The Estin Report on Aspen Real Estate.”