The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado The Estin Report - Aspen, Colorado The Estin Report - Aspen, Colorado

  Estin Report
 
Aspen real estate intelligence ©

  

Be informed, be educated, be advised by one the town's best real estate brokers according to local media. Aspen Sotheby's Int'l broker agent Tim Estin MBA, GRI authors the primary market guide for Aspen Snowmass real estate, homes for sale and property info - the #1 trusted Aspen real estate market resource.  Original objective reports and over 14,000 pages of current and archived content. Call Tim for expert guidance and counsel.

       Estin Report
     
Aspen real estate intelligence ©

EstinReportSeal 125res 175x175

Be informed, be educated, be advised by one the town's best real estate brokers according to local media. Aspen Sotheby's Int'l broker agent Tim Estin MBA, GRI authors the primary market guide for Aspen Snowmass real estate, homes for sale and property info - the #1 trusted Aspen real estate market resource. Original reports and over 14,000 pages of current and archived content. For expert guidance and counsel, please call or txt 970.309.6163.

Tim Estin

Tim Estin MBA, GRI
970.309.6163 cell + text

 



Broker Associate
Aspen Snowmass Sotheby's
International Real Estate
300 S.Spring St #100
Aspen, CO 81611

 

Aspen, CO
Mountain Standard Time 
(MST)

 

Estin Report

Mid-Year 2017

Aspen Real Estate

 

"Aspen real estate
is in turn-a-round

mode from a dismal
2016 when global

uncertainty curtailed
buyers' appetite for
luxury high end

2nd home purchases.

Post-election 2016,
an upper-end

Aspen real estate
recovery is in

full bloom. "


Read more...

 

July 2017
Aspen Real Estate
Snapshot

Bottom Line:

 

The Aspen market
continues to be
in hyper-sales
territory. Activity
is and feels
super-charged.
Add to that
momentum, early
August is the
time when buyers
typically get real
estate focused with
summer's ending in
sight. This is the
busiest time of year.
We should see a
steady stream of
offers and under
contracts now
through the end
of September.

Read more...

 

 

(See Interest Rate Historical Chart

since 1790 and

Consumer Price Calculator)

 

 

 

The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado


The Nov 2016 YTD Aspen Snowmass Real Estate Market Snapshot will be posted late Tues Dec 13th.  The Oct 2016 Snapshot was posted on Mon Nov 7th in Current ReportsThe Monthly Snapshots are usually posted on or near the 1st Monday of the month. 

Oct 2016 Market Snapshot excerpt:

"Oct ‘16 is down considerably compared to the same time last year - as was Sep ‘16. Demand (sales) is way off; supply (inventory of properties for sale) is increasing. Prices, with the exception of unique and like-new properties, are trending downward especially as sellers seasonally adjust downward to post-summer, pre-winter realities and greater motivation sets in. An average 5-10% discount to ask price is common, and in some cases more. Pages 7 and 9 of this Market Snapshot identify sales by Aspen and Snowmass Village location/neighborhood with average sales to ask and original price discounts.

The time of maximum uncertainty is often the best time to get into the market. There have been some great buys in the past two months, and buyers would do well to dig deep, find motivated sellers and pull the purchase trigger. This "down" year is not going to last indefinitely and many believe there will be a post-election turnaround sooner than later."

The Estin Report: 2nd Quarter and 1st Half 2016 State of the Aspen Real Estate Market with narrative, charts, tables photos was posted in Current Reports as PDF (v6.6) July 20. The print edition is available at kiosks around town, at Sothebys/415 E. Hyman Mall, Sothebys/300 S. Spring St and at the airport. 

 

072016 Q2 H1 2015 Estin Report State of the Aspen Market cover final 96Res 350wX457

 

Click cover above for Exec. Summary and full 28-Pg Report PDF

See recent Before/After redevelopment 'flip job' examples in Miscellaneous Info Section at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (05/16/16) as additional re-sale properties come on the market at significantly higher prices.

___________


Market Activity Week 49, December 4 - 11, 2016

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 (15):  MLS#s 146885 - 146893, 141989, 141959, 145811, 135557, 139458, 140447, 143882, 143906, 144578, 145001, 145764, 146257, 146281, 146388.  This link is valid until 1/10/2017.

Under Contract/Pending (7)MLS#s 138729, 143237, 145063, 145397, 146265, 146938, 146946  This link is valid until 1/10/2017.

 

Aspen Snowmass Solds Last Week:  

MLS #'S 146885 - 146893 Downtown Aspen Price per Sq Ft RecordDancing Bear Residences Penthouse  – One penthouse unit with 8 fractional 6-week time period interests at 219 E. Durant Ave (Corner of Monarch and Durant), Aspen, CO closed at $16M/$5,318 sq ft for a single unfinished 3,009 sq ft white-box penthouse unit with 3,415 sq ft of deck/patio wraparound outdoor space. More details below photos.

120616 dancing bear aspen 590w

MLS #'S 146885 - 146893 Downtown Aspen Price $ / Sq Ft RecordClosed on 12/05/16: Dancing Bear Penthouse Condo – A single unit with 8 fractional 6-week time periods (interests), unit is 3,009 sf, closed at $16M/$5,318 sq ft (8x $2M each) for an unfinished white-box penthouse with 3,415 of deck/patio wraparound outdoor space.  (Typical Dancing Bear 1/8th interest, 6 weeks ownership 3-bedrooom units, sold for approx. $625,000 in 2012. These units are now priced at $825,000, +32%.) This penthouse unit has killer views in all directions - looking straight up Aspen Mtn, views everywhere else too, the uniqueness of this, private access, concierge level amenities. Daily maid service, etc. It reputedly will be re-listed shortly at $29.95M or near. $10,000 per sq ft for all 8 shares...one floor, one unit, 2-car parking spots in the in-town garage...one of a kind. Annual fees about $75,000 and add extras for additional a la carte amenities / services to total approx. $85K Yr. Buyer is a local real estate investment group, reportedly led by Aspenite Mark Friedland, that has been buying and re-selling a number of high end properties throughout the Downtown Aspen Core, the West End and Red Mountain. The buyer took ownership under 8 Monopoly Game street named LLC's: Indiana Ave, Tennessee Ave, Illinois Ave, New York Ave, Pennsyvania Ave, Vermont Ave, North Carolina Ave, Pacific Ave.  Guess what?  Their justification suggests this is not crazy perhaps..."One of a kind", "Irreplaceable", are over-used terms but not when it's so obviously true. For a singular, truly one of a kind Aspen property, a buyer has to step up - this is what you have to do. There are no price per sq ft comparables except international reference points like London, Hong Kong, New York making Aspen look like a bargain ...at least until now. Who knows? This is certifiable 'bragging rights'. A King of the Hill property, etc. It'll take 4-5 mos to get a finish-out permit. It's white box, dry wall only, today. (Photo courtesy of Dancing Bear Residences.) 

MLS #144578 - Pitkin Green, Red Mountain, 904 Willoughby Way, Aspen, CO. Sold Price: $14,500,000/$1,861 sq ft; furnished. 

Aspen real estate 121116 144578 904 Willoughby Way 1 590W  Aspen real estate 121116 144578 904 Willoughby Way 2 590W  Aspen real estate 121116 144578 904 Willoughby Way 3 190H Aspen real estate 121116 144578 904 Willoughby Way 4 190H  Aspen real estate 121116 144578 904 Willoughby Way 5 190H Aspen real estate 121116 144578 904 Willoughby Way 6 190H

MLS #144578 - Pitkin Green, Red Mountain, 904 Willoughby Way, Aspen, CO. Sold Price: $14,500,000/$1,861 sq ft; furnished. Asking Price: $16,500,000. (Original Price: $16,500,000 and 159 days on the market since 06/10/2016.) This is a 2001 built, 4 bedroom/4 bath/3 half-bath, 7,791 sq ft single family residence with a 2 car garage on a 1.09 acre lot. It is a uniquely private, beautifully located property with huge views and Aspens premier address, Willoughby Way. Broker comments are "A warm and elegant mountain estate privately sited in a grove of soaring evergreens and aspens, with front row, pristine views of the Cont'l Divide, Ajax, Highlands, Pyramid, Tiehack, and Snowmass. The secret to this home is its proportion and an almost magical sense of unfolding spaces. It's spacious, comfortable and finely finished. Filled with light, the home features 3 fireplaces, a chef’s kitchen, a study, media and exercise rooms, and a wonderful floorplan. Beautifully landscaped with terraces for dining and lounging, plus a spa tucked into the trees. Easy path down to Rio Grande Trail. The Aspen Institute campus, music tent, and town, all an easy walk. Beautifully maintained. Unusual for Red Mtn, there is virtually no awareness of neighbors here. Extremely private and quiet." 2015 taxes: $21,711; HOA Dues: $725 per Qtr. Under Contract Date: 11/25/2016; Sold Date: 12/06/2016. (Photos and broker comments courtesy of Berkshire Hathaway Home Services | Aspen Snowmass Properties)

MLS #140447 - Townsite of Aspen, West End, 800 W Smuggler, Aspen, CO. Sold Price: $4,775,000/$1,153 sq ft; unfurnished. More details below photos.

Aspen real estate 121116 140447 800 W Smuggler 1 590W  Aspen real estate 121116 140447 800 W Smuggler 2 590W  Aspen real estate 121116 140447 800 W Smuggler 3 190H Aspen real estate 121116 140447 800 W Smuggler 4 190H  Aspen real estate 121116 140447 800 W Smuggler 5 190H Aspen real estate 121116 140447 800 W Smuggler 6 190H

MLS #140447 - Townsite of Aspen, West End, 800 W Smuggler, Aspen, CO. Sold Price: $4,775,000/$1,153 sq ft; unfurnished. Asking Price: $4,950,000. (Original Price: $5,375,000 and 565 days on the market since 05/08/2014.) This is a 1990 built, 4 bedroom/5 bath/1 half-bath, 4,138 sq ft single family residence with a 2 car garage in 6,000 sq ft lot. Broker comments are "A timeless masterpiece designed by Aspen's renowned architect Charles Cunniffe. The home captures views of Aspen Mountain, Shadow Mountain, Tiehack/Buttermilk, yet only a few blocks from the Music Tent, Physics Center and Aspen Meadows. Tall pines, gorgeous cottonwoods and seasonal stream surround this 4-bedroom, 3-level West End home with above-grade separate caretaker apartment. Large stone fireplace separates the living/dining areas and French doors open onto private outdoor balconies. Beautiful granite slab counter tops and island offer ample kitchen workspace and storage, plus commercial Viking range and Sub-Zero refrigerator will please any chef! Unique reading nook is a true delight for all ages and the over-sized media room with gas fireplace offers hours of fun and entertainment." 2015 taxes: $13,522. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/09/2016; Sold Date: 12/07/2016. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #139458 - Moore, East Aspen, 42553 E Highway 82, Aspen, CO. Sold Price: $3,000,000/$765 sq ft; furnished. More details below photos.

Aspen real estate 121116 139458 42553 E Highways 82 1 590W  Aspen real estate 121116 139458 42553 E Highways 82 2 190H Aspen real estate 121116 139458 42553 E Highways 82 3 190H  Aspen real estate 121116 139458 42553 E Highways 82 4 190H Aspen real estate 121116 139458 42553 E Highways 82 5 190H

MLS #139458 - Moore, East Aspen, 42553 E Highway 82, Aspen, CO. Sold Price: $3,000,000/$765 sq ft; furnished. Asking Price: $3,595,000. (Original Price: $4,750,000 and 546 days on the market since 06/05/2015.) This is a 2005 built, 4 bedroom/4 bath/1 half-bath, 3,918 sq ft duplex/half-duplex with a 2 car garage in 17,147 sq ft lot. This is one of, if not the, best deals of 2016 for a 'newer' built home within a mile east of downtown Aspen.. Broker comments are "The best deal out there, reduced $1.1 million. A gorgeous Rocky Mountain townhome located just one mile from downtown Aspen. Enjoy peace, privacy, and views from this home that features integral plaster, marble, and farmer stone walls; hardwood, travertine and slate floors, vaulted ceilings with fabulous wood beam and truss detail, beautiful granite countertops, built-in speakers throughout, top-of-the-line appliances, temperature-controlled wine room, media room with wet bar, central air conditioning, 2-car garage and more. A must see for the discerning buyer!" 2015 taxes: $7,634. Under Contract Date: 09/28/2016; Sold Date: 12/02/2016. (Photos and broker comments courtesy of Compass)

MLS #143882 - West Aspen, 570 Johnson Drive, Aspen, CO. Sold Price: $2,750,000/$401 sq ft. More details below photos.

Aspen real estate 121116 143882 570 Johnson Drive 1 590W  Aspen real estate 121116 143882 570 Johnson Drive 2 590W  Aspen real estate 121116 143882 570 Johnson Drive 3 190H Aspen real estate 121116 143882 570 Johnson Drive 4 190H  Aspen real estate 121116 143882 570 Johnson Drive 5 190H Aspen real estate 121116 143882 570 Johnson Drive 6 190H

MLS #143882 - West Aspen, 570 Johnson Drive, Aspen, CO. Sold Price: $2,750,000/$401 sq ft. Asking Price: $3,300,000. (Original Price: $4,450,000 and on the market since 06/17/14. Originally, the estate was comprised of two contiguous lots, one with Main House, the other with Gurest House, totaling 7.61 acres at an ask price of $10.75M). This is a the former John Denver estate home -1972 built, 6 bedroom/4 bath/1 half-bath, 6,849 sq ft single family residence with a 2 car garage in 2.61 acres lot. Broker comments are "This 2.613 acre site is ready for development. It is the main house site contiguous to the guest house site which also has another 5 acres. The site is flat with wide open views of the mountain ranges from Independence Pass to Mt. Sopris. This is a TDR receiver site so you can expand square footage. If you buy both the guest house lot as well as the main house lot together there is a price reduction. Buy both lots of over 7 acres and create an incredible family compound or guest house with pool." 2015 taxes: $16,698. Under Contract Date: 12/01/2016; Sold Date: 12/08/2016. (Photos and broker comments courtesy of Compass)

MLS #145811 - Old Hundred Condominiums, Central Core, 900 E Durant Avenue B-105, Aspen, CO. Sold Price: $2,100,000/$1,556 sq ft; partial-furnished. More details below photos.

Aspen real estate 121116 145811 900 E Durant Avenue B 105 1 590W  Aspen real estate 121116 145811 900 E Durant Avenue B 105 2 190H Aspen real estate 121116 145811 900 E Durant Avenue B 105 3 190H  Aspen real estate 121116 145811 900 E Durant Avenue B 105 4 190H Aspen real estate 121116 145811 900 E Durant Avenue B 105 5 190H

MLS #145811 - Old Hundred, Central Core, 900 E Durant Avenue B-105, Aspen, CO. Sold Price: $2,100,000/$1,556 sq ft; partial-furnished. Asking Price: $2,195,000. (Original Price: $2,195,000 and 108 days on the market since 08/19/2016.) This is a 1970 built and 1999 remodeled, 3 bedroom/3 bath, 1,349 sq ft condo. Broker comments are "Prize location in the heart of Downtown only 3 blocks to the Gondola and 1 block to City Market. Old Hundred condos rarely become available. This comfortable 2-story residence features a great floor plan, with the master suite and living area on 2nd level and 2 en suite guest bedrooms on the 1st level for guests and family. The well-maintained complex offers carefree ownership. On-street parking passes through City of Aspen, plus complex has 12 spaces (buyer's name will be placed on waiting list). Turnkey opportunity with excellent rental history and winter views of Aspen Mountain. Open the door to years of memories at this choice locale retreat!" 2015 taxes: $3,246; HOA Dues: $3,781 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/30/2016; Sold Date: 12/05/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)

MLS #145001 - Smuggler Park, Smuggler, 306 Oak Lane, Aspen, CO. Sold Price: $610,000/$790 sq ft; furnished. More details below photos.

Aspen real estate 121116 145001 306 Oake Lane 1 590W  Aspen real estate 121116 145001 306 Oake Lane 2 590W  Aspen real estate 121116 145001 306 Oake Lane 3 190H Aspen real estate 121116 145001 306 Oake Lane 4 190H  Aspen real estate 121116 145001 306 Oake Lane 5 285W Aspen real estate 121116 145001 306 Oake Lane 6 285W

MLS #145001 - Smuggler Park, Smuggler, 306 Oak Lane, Aspen, CO. Sold Price: $610,000/$790 sq ft; furnished. Asking Price: $649,000. (Original Price: $649,000 and 999 days on the market since 07/05/2016.) This is a 1973 built and 2016 remodeled, 2 bedroom/1 bath, 772 sq ft mobile home/modular on a 3,119 sq ft lot. Broker comments are "Great location in Smuggler Park! Enjoy south-facing light and views of Aspen Mountain from this oversized 3,119 sq. ft. lot. The two bedroom 1 bathroom 772 sq. ft. home has recently been remodeled. Upgrades include new Windows, electric panel, new flooring throughout, new interior and exterior paint, new doors and trim, a new hot water tank, upgraded water service, a new kitchen including washer/ dryer & gas cooktop, refurbished heating, and numerous other repairs. New Bathroom with marble floors, double vanity, new tub and shower. Bedrooms feature all new closets and home is sold fully furnished. Just bring your toothbrush! Ample side yards fully fenced with a lovely deck to relax and enjoy the views. An oversized parking area fronts the property. It’s just a short walk or ride to town, or a quick free bus ride away. Easy access to Smuggler Mountain. Live comfortably while you plan your 2600+ sqft home on one of the only lots in the neighborhood that runs east to west and maximizes the views of Aspen. Low HOA's, dogs are permitted for owners. Great value for an Aspen home in the Aspen School District. More general and legal information regarding the Smuggler Park subdivision can be found at : http://www.smugglerpark.org/owners/owners.html" 2016 taxes: $1,214; HOA Dues: $323 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/09/2016; Sold Date: 12/01/2016. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #135557 - Lazy Glen, 1 Lazy Glen, Snowmass, CO: Sold Price: $565,000/$256 sq ft; unfurnished. More details below photos.

Aspen real estate 121116 135557 1 Lazy Glen 1 590W  Aspen real estate 121116 135557 1 Lazy Glen 2 590W  Aspen real estate 121116 135557 1 Lazy Glen 3 190H Aspen real estate 121116 135557 1 Lazy Glen 4 190H  Aspen real estate 121116 135557 1 Lazy Glen 5 190H Aspen real estate 121116 135557 1 Lazy Glen 6 190H

MLS #135557 - Lazy Glen, 1 Lazy Glen, Snowmass, CO: Sold Price: $565,000/$256 sq ft; unfurnished. Asking Price: $595,000. (Original Price: $660,000 and 844 days on the market since 07/18/2014.) This is a 2009 built, 4 bedroom/3 bath, 2,200 sq ft deed restricted single family residence on a 8,004 sq ft lot. (The property must b owner occupied and owner must work within the Roaring Fork Valley.) The Lazy Glen Mobile Home Park is located approximately 15-20 minutes west of Aspen just off Hwy 82 in the Snowmass Canyon. Broker comments are "Beautiful, super energy efficient stick built home located in Lazy Glen. This 4 bedroom, 3 bath home sits on an 8,000 SF lot with 100 feet of frontage on the Roaring Fork River and open spaces on either side of the lot. Sit back and relax on one of the four outdoor private decks and enjoy the river views and sounds or take advantage of the prime fishing fifty steps from your home. No public parking nearby, so this is essentially a private access section to the river. The open floor plan brings the kitchen, living room and dining room together and creates the perfect space for entertaining guests. Large windows and high ceilings invites natural light throughout the home. The master suite has full top to bottom wall windows with expansive river views and private bathroom with steam shower. The home is complete with office or fourth bedroom, laundry room, mud room with built-in storage and carport. Centrally located in Old Snowmass makes for a quick twenty-minute commute to Aspen or Carbondale with easy access to the RFTA bus system. Construction of bridge to connect Lazy Glen to the Rio Grande Trail is scheduled to be completed during 2017. Hiking, biking and cross-country skiing will be easily accessible from your back door. Designed by award winning architect and built in 2010. Property must be owner occupied and work in the valley. No income limit restriction." 2016 Taxes: $3,985; HOA Dues: $183 per Month. Under Contract Date: 10/06/2016; Sold Date: 12/05/2016. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #145764 - Wild Oak, 446 Oak Ridge Road, Snowmass Village, CO: Sold Price: $5,185,000/$730 sq ft; unfurnished. More details below photos. 

Aspen real estate 121116 145764 446 Oak Ridge Road 1 590W  Aspen real estate 121116 145764 446 Oak Ridge Road 2 590W  Aspen real estate 121116 145764 446 Oak Ridge Road 3 190H Aspen real estate 121116 145764 446 Oak Ridge Road 4 190H  Aspen real estate 121116 145764 446 Oak Ridge Road 5 190H Aspen real estate 121116 145764 446 Oak Ridge Road 6 190H

MLS #145764 - Wild Oak, 446 Oak Ridge Road, Snowmass Village, CO: Sold Price: $5,185,000/$730 sq ft; unfurnished. Asking Price: $5,995,000. (Original Price: $5,995,000 and 77 days on the market since 08/24/2016.) This is a 1969 built and 2008 remodeled, 5 bedroom/5 bath/1 half-bath, 7,095 sq ft single family residence with 2 car garage on a 3.92 acres lot. Broker comments are "This estate home is one of the finest retreat properties in Snowmass Village. With almost 4 exceptional acres and 7,095 feet of square footage, you and your family and friends will be able to spread out in luxury and comfort, both inside and out. The grounds are full of mature trees, extensive landscaping and there are two spectacular water features. Soak in the phenomenal views overlooking The Snowmass Club Golf Course, Owl Creek, the Continental Divide, and views of all 4 ski mountains. The estate has both a main house and attached guest house with a total of five bedrooms and six bathrooms with potential to add more bedrooms. The unique home features a full-length indoor lap pool with attached hot tub and waterfall. There is also a separate barn for horses or for your extensive 'toy' collection. This property is the only property in Snowmass Village with a horse barn and horse riding arena. It is a one-of-a kind magical property!" 2015 Taxes: $18,038. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/14/2016; Sold Date: 12/07/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Snowmass Village)

MLS #141959 - Wood Run, 25 Janss Lane, Snowmass Village, CO: Sold Price: $3,100,000/$853 sq ft; furnished. More details below photos.

Aspen real estate 121116 141959 25 Janss Lane 1 590W  Aspen real estate 121116 141959 25 Janss Lane 2 590W  Aspen real estate 121116 141959 25 Janss Lane 3 190H Aspen real estate 121116 141959 25 Janss Lane 4 190H  Aspen real estate 121116 141959 25 Janss Lane 5 190H Aspen real estate 121116 141959 25 Janss Lane 6 190H  Aspen real estate 121116 141959 25 Janss Lane 7 190H Aspen real estate 121116 141959 25 Janss Lane 8 190H

MLS #141959 - Wood Run, 25 Janss Lane, Snowmass Village, CO: Sold Price: $3,100,000/$853 sq ft; furnished. Asking Price: $3,185,000. (Original Price: $3,870,000 and 361 days on the market since 12/11/2015.) This is a 1974 built and 2005 remodeled, 4 bedroom/4 bath, 4,625 sq ft single family residence on a 24,357 sq ft lot. This is a compelling property given its excellent ski in/out location and the possibility to enlarge the home with existing approved but unused FAR (Floor Area Ratio) within the typically restictive Town of Snowmass. Broker comments are "Authentic mountain house reflecting contemporary architecture. The home, located amongst mature aspens on the Woodrun ridgeline, showcases stunning views of the ski area, Ziegler Lake, and Cont'l Divide. New roof (2015), new boiler, new kitchen, huge living area anchored by a two-sided fireplace, four spacious bdrm suites, inc master w/ fireplace, & generous decks which capture mountain panoramas in all directions. The opportunity with this home is its interior living expansion potential, within existing foundation walls and otherwise irreplaceable today, which allows nearly 1000 additional sq ft of space for den, office, media room and/or bedrooms. A variance for a garage addition granted 12/15. Many ways to ski-in/out of this property, appealing to beginners as well as double-diamond experts." 2015 Taxes: $10,054; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/07/2016; Sold Date: 12/06/2016. (Photos and broker comments courtesy of BERKSHIRE HATHAWAY HomeServices | Aspen Snowmass Properties)

MLS #143906 - Wood Run V, 162 Village Bound Unit 30, Snowmass Village, CO: Sold Price: $2,000,000/$676 sq ft; furnished. More details below photos.

Aspen real estate 121116 143906 162 Village Bound Unit 30 1 590W  Aspen real estate 121116 143906 162 Village Bound Unit 30 2 190H Aspen real estate 121116 143906 162 Village Bound Unit 30 3 190H  Aspen real estate 121116 143906 162 Village Bound Unit 30 4 190H Aspen real estate 121116 143906 162 Village Bound Unit 30 5 190H

MLS #143906 - Wood Run V, 162 Village Bound Unit 30, Snowmass Village, CO: Sold Price: $2,000,000/$676 sq ft; furnished. Asking Price: $2,195,000. (Original Price: $2,295,000 and 214 days on the market since 05/06/2016.) This is a 1981 built and 2004 remodeled, 3 bedroom/2 bath/1 half-bath/2 3/4-bath, 2,955 sq ft townhouse. Broker comments are "Privacy and accessibility. Premier Snowmass neighborhood. Thoughtful remodel with careful attention to every detail. Spacious, open living area adjoins dining area,kitchen designed with host and chef in mind. Intimate seating areas tucked throughout. Beautiful master suite with up mountain views from master bedroom and private deck. Enjoy the peaceful seclusion of the enchanting setting surrounded by an Aspen forest. Comfortably furnished and tastefully accessorized 3 bedroom plus den/game room, sauna. Woodrun Five is a well-maintained, well-managed property providing carefree ownership. Easy walking access to Snowmass Mall and ski access by Village Bound and Fanny Hill ski runs. Water purification system and hardwired environmental alarm system for moisture and temperature. Non-" 2015 Taxes: $6,498; HOA Dues: $6,174 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 09/30/2016; Sold Date: 12/06/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Snowmass Villa)

MLS #146281 - Meadow Ranch, 143 Meadow Ranch Road F-3-C, Snowmass Village, CO: Sold Price: $730,000/$589 sq ft; unfurnished. More details below photos.

Aspen real estate 121116 146281 143 Meadow Ranch Road F 3 C 1 590W  Aspen real estate 121116 146281 143 Meadow Ranch Road F 3 C 2 590W  Aspen real estate 121116 146281 143 Meadow Ranch Road F 3 C 3 190H Aspen real estate 121116 146281 143 Meadow Ranch Road F 3 C 4 190H  Aspen real estate 121116 146281 143 Meadow Ranch Road F 3 C 5 190H Aspen real estate 121116 146281 143 Meadow Ranch Road F 3 C 6 190H

MLS #146281 - Meadow Ranch, 143 Meadow Ranch Road F-3-C, Snowmass Village, CO: Sold Price: $730,000/$589 sq ft; unfurnished. Asking Price: $735,000. (Original Price: $735,000 and 63 days on the market since 09/19/2016.) This is a 1976 built and 2009 remodeled, 2 bedroom/2 bath, 1,238 sq ft townhouse. Broker comments are "Best location in Meadow Ranch, with lots of sun including eastern and southern exposure. Move right in as this property has been beautifully upgraded. 2 bedroom, 2 bath townhome with warm and inviting kitchen, nicely finished bathrooms with Jacuzzi tub in master, custom built-in closets, great mudroom and bamboo wood floors throughout. Kitchen has granite counter tops, Kitchenaid appliances, and gas range. All windows replaced in the 2009 remodel. Nice deck and HUGE walk in storage area for bikes, skis and toys." 2015 Taxes: $2,233; HOA Dues: $1,610 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/12/2016; Sold Date: 12/05/2016. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #141989 - Wood Run Place, 425 Wood Road Unit 13, Snowmass Village, CO: Sold Price: $662,500/$554 sq ft; furnished. More details below photos.

Aspen real estate 121116 141989 425 Wood Road Unit 13 1 590W  Aspen real estate 121116 141989 425 Wood Road Unit 13 2 590W  Aspen real estate 121116 141989 425 Wood Road Unit 13 3 190H Aspen real estate 121116 141989 425 Wood Road Unit 13 4 190H  Aspen real estate 121116 141989 425 Wood Road Unit 13 5 190H Aspen real estate 121116 141989 425 Wood Road Unit 13 6 190H  Aspen real estate 121116 141989 425 Wood Road Unit 13 7 190H Aspen real estate 121116 141989 425 Wood Road Unit 13 8 190H

MLS #141989 - Wood Run Place, 425 Wood Road Unit 13, Snowmass Village, CO: Sold Price: $662,500/$554 sq ft; furnished. Asking Price: $695,000. (Original Price: $695,000 and 358 days on the market since 12/15/2015.) This is a 1983 built, 2 bedroom/2 bath/1 half-bath, 1,194 sq ft condo. Broker comments are "There is no better ski-in/ski-out residence like this under $1M on the market today. Magnificent remodel in a mountain-modern style. Exceptional space and privacy. Enjoy the first-class amenities of Woodrun Place including pool, hot tub, private ski locker room, bell service, front desk, shuttle service. The residence comes completely furnished and is offered turn-key plus. Enjoy a your private, covered parking space just steps from the condominium." 2015 Taxes: $1,984; HOA Dues: $1,984 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/08/2016; Sold Date: 12/08/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Snowmass Village)

MLS #146257 - Seasons 4, 35 Lower Woodbridge Road 120, Snowmass Village, CO: Sold Price: $577,500/$459 sq ft; unfurnished. More details below photos.

Aspen real estate 121116 146257 35 Lower Woodbrdige Road 120 1 590W  Aspen real estate 121116 146257 35 Lower Woodbrdige Road 120 2 590W  Aspen real estate 121116 146257 35 Lower Woodbrdige Road 120 3 190H Aspen real estate 121116 146257 35 Lower Woodbrdige Road 120 4 190H  Aspen real estate 121116 146257 35 Lower Woodbrdige Road 120 5 190H Aspen real estate 121116 146257 35 Lower Woodbrdige Road 120 6 190H

MLS #146257 - Seasons 4 Condos, 35 Lower Woodbridge Road 120, Snowmass Village, CO: Sold Price: $577,500/$459 sq ft; unfurnished. Asking Price: $595,000. (Original Price: $595,000 and 197 days on the market since 03/18/2016.) This is a 1971 built and 2014 remodeled, 3 bedroom/2 bath, 1,258 sq ft condo. Broker comments are "Beautifully remodeled top floor Seasons 4 unit priced to sell! Vaulted Ceilings, stone counter tops, stainless appliances, wood floors, remodeled bathrooms, wood burning fireplace, enclosed loft/3rd bedroom with washer/dryer and low HOA dues make this unit perfect for a full time resident or investment property. This unit won't last long" 2015 Taxes: $1,584; HOA Dues: $1,850 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/09/2016; Sold Date: 12/05/2016. (Photos and broker comments courtesy of Aspen Associates Realty)

MLS #146388 - Seasons 4 Condos, 35 Lower Woodbridge Road 159, Snowmass Village, CO: Sold Price: $470,000/$502 sq ft; furnished. More details below photos.

Aspen real estate 121116 146388 35 Lower Woodbridge Road 159 1 590W  Aspen real estate 121116 146388 35 Lower Woodbridge Road 159 2 590W  Aspen real estate 121116 146388 35 Lower Woodbridge Road 159 3 190H Aspen real estate 121116 146388 35 Lower Woodbridge Road 159 4 190H

MLS #146388 - Seasons 4 Condos, 35 Lower Woodbridge Road 159, Snowmass Village, CO: Sold Price: $470,000/$502 sq ft; furnished. Asking Price: $475,000. (Original Price: $475,000 and 67 days on the market since 09/26/2016.) This is a 1971 built, 2 bedroom/1 bath'1 half-bath, 935 sq ft condo. Broker comments are "Excellent rental income producer. The lowest HOA dues in Snowmass make this the overall best value two bedroom in Snowmass. Uniquely private and quiet location at end of Seasons 4 with garden-like setting and bedroom views of protected open space meadows and valley views make this a winner. No road noise or parking lot impact from this unit. Includes Washer and Dryer and new windows and sliders. Amenities include newly renovated pool and common room." 2015 Taxes: $1,361; HOA Dues: $1,523 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 10/18/2016; Sold Date: 12/02/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Spring Street)

 

Recent Estin Report tweets on Aspen Real Estate

EstinAspen Aug 6-13, 17 #EstinReport: 2nd New-Built Red Mtn Spec Home Sells at >$3,000 SqFt in '17 #AspenRealEstate sales https://t.co/WcHav2nUBj
EstinAspen Jul 30 - Aug 6, 17 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (13) + Under Contract (16) https://t.co/cHNbdzh9Xi
EstinAspen July 23 - 30, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (6) + Under Contract (14) https://t.co/J43CVxdCWZ
EstinAspen July 16 - 23, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (11) + Under Contract (11) https://t.co/zj1WwB2XQd
EstinAspen July 9 - 16, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (5) + Under Contract (17) https://t.co/z8FxTMNMLw
EstinAspen June 25 - July 2, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (12) + Under Contract (8) https://t.co/AvwCLPq2jJ
EstinAspen June 18 - 25, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (6) + Under Contract (11) https://t.co/DwZbuAVdvo
EstinAspen Jun 18-25,17 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (6) w/Red Mtn at $19.5M + Pending (11) https://t.co/DwZbuBcOTY

 

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 emailThe Estin Report is copyrighted 2016 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source: "The Estin Report on Aspen Real Estate."

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Tim Estin | www.EstinAspen.com | 970.309.6163 | 300 S.Spring St | Opposite the Aspen Art Museum

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