Sept 22 – 29, 2019 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (7) + Under Contract / Pending (13).

The August 2019 & YTD Aspen Real Estate Market Snapshot is posted in Current Reports. See Bottom Line Comments. The Monthly Snapshots are posted on or near the 1st Monday of every month. 

Bi-Annual – Estin Report: Aspen Snowmass Real Estate Market 2019 ws

The updated Pace of Sales Charts Q2 2008 through Q2 2019 (Jun 31, 19) were posted in Charts on July 17, 19.
These answer the question “Where are we now compared to prior periods?” and indicate market direction with trend lines.

     
                                   Aspen & Snowmass Village Historic Real Estate Sales Chart Series

Blog Post: Sept 22 – 29, 2019 Aspen CO real estate market activity, Week 39

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 (7):  MLS#s: 160829, 158164, 159155, 159300, 159537, 159674, 160226.  This link is valid until 10/29/2019.

Under Contract/Pending (13)MLS#s: 161010, 135595, 161061, 152567, 155125, 155649, 155702, 158503, 158507, 158516, 158609, 159311, 159522.  This link is valid until 10/29/2019.

Sold Properties Last Week:

MLS #159537 – Red Mountain, 71 Pitkin Way, Aspen, CO: Sold Price: $8,625,000. Sold Date: 09/27/2019. More details below photos.

MLS #159537 – Red Mountain, 71 Pitkin Way, Aspen, CO:  Sold Price: $8,625,000. Sold Date: 09/27/2019. Aspen lots for sale. Ask Price: $9,250,000. (Original Price: $9,250,000 and 717 days on the market since 09/20/2017.) This is a 42,679 sq ft single family vacant lot. Tim’s notes: This is a well-located vacant lot sale off Aspen’s coveted Willoughby Way,  but the actual building activity envelope is smaller than the 1-acre size of the lot. The buildable area is tight and constrained as it is sandwiched between Pitkin Way (a cachet loaded private road off Willoughby Way) and the Rio Grande Trail. (See development presentation  and  Pitkin Co parcel reportBroker comments are “The Best of the Best. Best location off of Willoughby Way being offered with permitted plans for an 8,600 square foot home designed by CCY Architects. New owner will save 2 years in order to be where this development is. The interiors of the house (cabinetry, fireplaces, flooring and wall finishes) are left to be personalized and designed by you. Step in now and be living in the best Aspen neighborhood within 18 months construction time. Price includes over $500,000 in permit fees and infrastructure improvements.” 2019 taxes: $75,266. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/22/2019; Sold Date: 09/27/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

Property and Listing History
71 Pitkin Way, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #159155 – Smuggler Area, East Aspen, 28 Smuggler Grove Road, Aspen, CO: Sold Price: $5,597,000/$1,767 sq ft; furnished. Sold Date: 09/20/2019. More details below photos.

MLS #159155 – Smuggler Area, East Aspen, 28 Smuggler Grove Road, Aspen, CO: Sold Price: $5,597,000/$1,767 sq ft; furnished. Sold Date: 09/20/2019. Aspen homes for sale. Ask Price: $5,995,000. (Original Price: $5,995,000 and 269 days on the market since 07/02/2018.) This is a 2018 built, 4 bedroom/3 bath/1 half-bath/1 3/4-bath, 3,166 sq ft single family home on a 3,688 sq ft lot. Broker comments are “New home on Snyder Park. Five-minute walk to the edge of the Core over East Hopkins foot bridge. Fabulous home and outdoor living spaces. Incredible chef’s kitchen integrated into main living area. Comfortably and graciously accommodates large gatherings. Two fireplaces plus outdoor fire pit and hot tub. Completely furnished down to dishes and towels – ready for the new owner(s) to begin enjoying. Open, light-filled, and sleek contemporary fused with historic component flows to outdoor garden patio. Media room. Rowland & Broughton design, Forum Phi Interior, built by Crawford Design Build. Two storage Rooms on lower level. 24 hours notice required. Snyder open space wildlife park on the south and neighbor’s large and beautifully landscaped yard with pond and circulating stream on the east. Access to property is on short no exit street that serves 11 residences. Air-conditioned on top two levels. Heating is radiant on lower level. Upper two levels are served by very responsive forced air heating with electric heat mats in bathrooms. No homeowner’s association. Residents on street chip in for snow plowing expenses of about $500 each/year. When in the kitchen, do not miss the 2 hidden cooling drawers for drinks and the Wolf warming drawer. All that plus a wet bar with its own wine cooler easily accessed from both indoors and out. The Master bedroom suite is the only living area on the top floor for the ultimate in privacy. This delightful space is light and open with high ceilings with windows on four sides. The shower has a window looking east. Power shades on both the south and north windows open to reveal views of Smuggler Mt to the north and Snyder park and Aspen Mt to the south. Zoned stereo speakers inside and out. Two public space bathrooms – one off the main living area and the other adjacent to media room. An incredible home at a great price. Rental contract in place for summer from 6/10-9/2/19.” 2019 taxes: $13,395; HOA Dues: $500. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/29/2019; Sold Date: 09/20/2019. (Photos and broker comments courtesy of Aspen Core Realty)

Property and Listing History
28 Smuggler Grove Road, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #159674 – Aspen Grove Subdivision, East Aspen, 782 McSkimming Road, Aspen, CO: 1972 Home / Lot Sale; old Price: $3,400,000/$1,617 sq ft. Sold Date: 09/26/2019. More details below photos.

MLS #159674 – Aspen Grove Subdivision, East Aspen, 782 McSkimming Road, Aspen, CO:; 1972 Home / Lot Sale; Sold Price: $3,400,000/$1,617 sq ft. Sold Date: 09/26/2019. Aspen homes for sale. Ask Price: $3,750,000. (Original Price: $3,790,000 and 1,202 days on the market since 07/15/2015.) Tim’s notes: this is a sale at lot value and should be considered a vacant land sale. The property has big views towards Aspen Mountain and to southwest sunsets.  This is a 1972 built, 3 bedroom/3 bath, 2,102 sq ft single family home on a 24,367 sq ft lot. Broker comments are “Top of Aspen On the quiet east side of Aspen sits a very rare half-acre property overlooking downtown Aspen with panoramic views from Independence Pass to Mount Sopris. Featuring charming and thoughtful outdoor spaces and gardens, the home blends perfectly with its mountain environment. Nestled on the top of McSkimming Road on a private cul-de-sac, the coveted Aspen Grove neighborhood has recently begun blooming with newly built $10M-$16M homes. Stunning views of Aspen Mountain are captured from every level and multiple decks invite sunset-watching and early morning relaxation. Attentive and flexible in design, the existing home features 3 bedrooms, 3 bathrooms, and a custom kitchen with solid black walnut cabinets designed by Jeffrey Mann. Abundant windows bring the outdoors in with plentiful sunlight all year round. The primary living spaces are located on the upper level with an inviting deck perfect for outdoor dining, grilling and entertaining. Possibilities include expanding the existing home or building new on this 24,550 square foot property. Experience both privacy and opportune access to the array of restaurants, art galleries, cultural activities and shopping in downtown Aspen. A wonderful opportunity for full-time Aspen living or a vacation retreat.” 2018 taxes: $8,618. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/20/2019; Sold Date: 09/26/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

Property and Listing History
782 McSkimming Road, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #159300 – Eastwood Subdivision, East Aspen, 244 Eastwood Drive, Aspen, CO: Sold Price: $2,450,000/$1,187 sq ft; unfurnished. Sold Date: 09/24/2019. More details below photos.

MLS #159300 – Eastwood Subdivision, East Aspen, 244 Eastwood Drive, Aspen, CO: Sold Price: $2,450,000/$1,187 sq ft; unfurnished. Sold Date: 09/24/2019. Aspen homes for sale. Ask Price: $2,650,000. (Original Price: $2,650,000 and 134 days on the market since 05/13/2019.) Tim’s notes: this is a sale at lot value and should be considered a vacant land sale. The property is on the lower view side of the street and is mostly a wooded lot in summer with more open views in the winter without foliage.  The buyer is a very active Aspen developer. Note the difference between how short this property was on the market – 1 day –  before going under contract and 782 McSkimming Road  originally  listed at $4.5MM,  almost 2x the price of 244 Eastwood which has been on the market since July 2015.  This is a 1970 built, 4 bedroom/3 bath, 2,064 sq ft single family home with 2 car garage on a 15,742 sq ft lot. Broker comments are “Older home on great lot with excellent potential. This priced to sell property in Eastwood has views of Aspen Mountain, mature landscaping and is an easy walk to town.” 2018 taxes: $5,035. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/18/2019; Sold Date: 09/24/2019. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

Property and Listing History
244 Eastwood Drive, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #160226 – Fasching Haus Condominiums, Central Core, 747 S Galena Street Unit 390, Aspen, CO: Sold Price: $2,750,000/$2,546 sq ft. Sold Date: 09/27/2019. More details below photos.

MLS #160226 – Fasching Haus, Central Core, 747 S Galena Street Unit 390, Aspen, CO: Sold Price: $2,750,000/$2,546 sq ft; furnished. Sold Date: 09/27/2019. Aspen condos for sale. Ask Price: $2,995,000. (Original Price: $2,995,000 and 86 days on the market since 07/03/2019.) This is a 1969 built and 2016 remodeled, 2 bedroom/2 bath/1 half-bath, 1,080 sq ft condos. Tim’s notes: This sale sets a new sold price/sq ft record for a remodeled 2-bedroom condo – albeit with wrap around windows on 3 sides – in the downtown core. The prior record range was $2,300-2,400 sq ft for (2) like-new completely remodeled 2 bedroom units at 210 E Cooper.  Broker comments are “Unique contemporary penthouse, gut-renovated by top NYC design team with open floor plan, flooded with natural light with great views in three directions. This property has high-end finishes with fumed wide-plank oak floors, skylights, gas fireplace, superior audio/visual, LED lighting, cooling and humidification systems. Gourmet Henry Built kitchen with Bosch/Miele appliances. Top-of-the line Poliform furnishings and Savoir & Flou beds complete the luxurious package. 2 bedrooms, 2-½ baths in a superior-located building, two blocks from the gondola, City Core and lift 1A, with onsite staff and storage locker. Incredible entry and storage closets keep all your gear out of sight. Two private entrances with wrap-around terrace allowing you to relax and watch last skiers descend Aspen mountain.” 2018 taxes: $4,465; HOA Dues: $16,484. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/28/2019; Sold Date: 09/27/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty – Durant)

Property and Listing History
747 S Galena Street Unit 390, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #158164 – Concept 600 Condominiums, Central Core, 600 E Main Street 301, Aspen, CO: Sold Price: $2,190,000/$1,946 sq ft; furnished. Sold Date: 09/24/2019. More details below photos.

MLS #158164 – Concept 600 Condos, Central Core, 600 E Main Street 301, Aspen, CO: Sold Price: $2,190,000/$1,946 sq ft; furnished. Sold Date: 09/24/2019. Aspen condos for sale. Ask Price: $2,250,000. (Original Price: $2,450,000 and 203 days on the market since 03/05/2019.) This is a 1972 built and 2007 remodeled, 1 bedroom/1 bath/1 half-bath, 1,125 sq ft condos with 1 car garage. Broker comments are “A sensational third floor, corner unit, Concept 600 Condominium with south facing Aspen Mountain views by way of Hunter Street. Originally a 3-bedroom unit, this unique space has been transformed into a luxurious one-bedroom suite with open living, dining and kitchen area. Enjoy all day sunshine from two private decks, great for entertaining regardless of the season. Wake up to framed Red Mountain and Hunter Creek Valley views from the oversized master bedroom suite. A large seating area, office, custom built-in oak cabinetry, flat screen television, creative sliding hanging storage area behind the bed, and large walk-in closet with stackable washer/dryer and safe, and abundant storage space complete the master suite. A contemporary linear gas fireplace warms the living room. High end kitchen appliances include Wolf gas range, Asko dishwasher, Miele oven, Sub Zero Fridge, two Sub Zero freezer drawers, and a wine fridge off the dining area complete with a bar above. The entire unit was recently updated to include all LED lighting. Underground covered parking and bike storage are accessed via the private, coded elevator. A common courtyard with gated hot tub is found on the entry level. Obermeyer Place amenities including gym, clinic, and yoga/Pilates studio are just next door. Sold completely turn-key furnished. Low HOA’s and strong rental potential make this a versatile property. This is one of the most desired locations in Aspen’s downtown core, walking distance to everything.” 2019 taxes: $3,937; HOA Dues: $12,800. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/20/2019; Sold Date: 09/24/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

Property and Listing History
600 E Main Street 301, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #160829 – Chateau Eau Claire Condominiums, Central Core, 1034 E Cooper Avenue 11, Aspen, CO; Riverfront 2-Bdrm Condo; Sold Price: $2,055,000/$2,129 sq ft; furnished. Sold Date: 09/20/2019. More details below photos.

MLS #160829 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue 11, Aspen, CO; Riverfront 2-Bdrm Condo; Sold Price: $2,055,000/$2,129 sq ft; furnished. Sold Date: 09/20/2019. Aspen condos for sale. Ask Price: $2,075,000. (Original Price: $2,075,000 and 92 days on the market since 06/21/2019.) This is a 1972 built and 2008 remodeled, 2 bedroom/2 bath, 965 sq ft condos. Tim’s notes: The unit is on the top, third, floor of the complex somewhat detracting from the on river experience in that one has to look down onto the river rather than across at the river. The 2008 remodel is ‘heavy’ with high quality wood and stone finishes.  The unit is high quality and immediately short term rentable, but it is somewhat dated.  Broker comments are “This 2-bedroom top floor, riverfront residence is just blocks from Aspen’s Gondola, and is one of only a handful of Aspen condominiums that is elevator-served. The warm mountain-style interiors feature alder wood beams, cabinetry and doors, granite countertops, and stone floors. A dry stacked stone accent wall is the focal point of the living room which creates an inviting space to unwind by the wood-burning fireplace, or, pull up a chair on the large private deck and enjoy the sights and sounds of the Roaring Fork River. Chateau Eau Claire’s amenities include elevator, ski storage lockers, hot tub, bbq grill, and on-site parking. Owners, guests, and renters also have access to the year-round pool and hot tubs at Chateau Roaring Fork across the street.” 2018 taxes: $4,076; HOA Dues: $15,680. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/08/2019; Sold Date: 09/20/2019. (Photos and broker comments courtesy of Christie’s International Real Estate Aspen Snowmass)

Property and Listing History
1034 E Cooper Avenue 11, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

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