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

  The 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 reports and over 14,000 pages of current and archived content. Call Tim for expert guidance and counsel.

   The 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 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)

 

Feb 2017
Low-Down

Heading into peak
season: Feb-Apr.
Sales activity rising
significantly...
think Trump trade:
Financial markets up.
Rates rising.
Inventory declining in
most desirable areas.
Market favors sellers
in West End and
Downtown Core,
but favors buyers
outside these areas
where greater 
opportunities exist.
Two tiered
pricing levels:
1) New-built
contemporary =
> greater demand
> premium prices;
2) Everything else =
 > more days on
market

< less demand 
> more negotiable
> better possible
discounts

> more seller

motivation.

During Recession,
there was little
new construction
creating a 4-5 yr
void in new product.
New product sales

now are raising 
the comparable avgs.
whch masks realtiy
for older home

for sale where

it's tougher.

 

See recent 2/23/17 WSJ
on 
luxury home sales,
"High-end home sellers

across the country are

offering discounts as

luxury market softens...

Buyers are very price

sensitive...If it’s not

priced right it’s going to
sit until the cows come
home...expensive

trophy estates have

generally become

challenging to sell

to today’s ...millennial

buyers....these behemoth

trophy properties… have

become very hard to sell

to the people who can

afford them.”

 

 

(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 Dec 2016 YTD Snapshot has been posted  in Current Reports. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. My year end 2016 report will be released mid-Jan 2017.

Below is a new chart I'm working on: the historic pace of sales since 2006 with a trend line (to be added). Additional charts are: pace of sales by property types: all property types combined separately for Aspen and SMV; by area and property types - Aspen and Snowmass single family homes, condos. and vacant land. (Fractionals are not included.)
Unit sales are the true measure of market activity - as the sales drop-off in the 2nd Half 2007 so presaged the coming recession, sales velocity or pace is useful to consider. 

An Aspen Times article in August  2016,  "Aspen real estate: Was 2015 that good or is 2016 that bad?", suggested that it was misguided to compare 2016 to a record year like 2015. This chart, and many other Estin Report Monthly Snapshots posted during 2016, demonstrate that thinking wrong. 2016 was a very bad Aspen real estate year, especially the 1st Half, the worst since 2010. Most notably, Aspen single family home sales for the year were off 50-60% and sales of properties over $10M were down a stunning 65%. Everyone including me,  blamed the election and the attendant uncertainty. Few suggested the lack of sales may have been due to speculative and unrealistic pricing turning buyers off and away. As we head into 2017, we shall see.  Since the election, sales activity has been picking up as the charts indicate.

To enlarge, click on either chart.

Click chart to enlarge and see additional breakdown charts by Aspen and SMV by property types.

 

 011817 Estin Report Historic Aspen real estate pace of sales since 2006 96res590w

 

Click chart to enlarge and see additional breakdown charts by Aspen and SMV by property types. 

Nov 2016 Market Snapshot excerpt:

"Nov '16 has been less 'bad' than Oct or Sep. The uncertainty of the election has passed, the "Trump Trade" has pushed the stock market to record highs and the financial markets are bullish. Historically, these are good omens for Aspen real estate.

For the past two years, the Aspen residential market is being driven by speculative activity in the form of a small handful of REIT type investment groups. In particular, these groups dominated buyer activity in 2015 and new-built home listings in 2016. There are approximately 20-25 brand new spec homes in various stages of construction with some having sold or are under contract validating never-seen-before new pricing levels in specifically the Aspen Core, Historic West End and newer homes on Red Mountain.."

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) on July 20th. 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 350wX457Click 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 (12/28/16) as additional re-sale properties come on the market at significantly higher prices.

___________


Market Activity Week 2, January 8 - 15, 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 (12):  MLS#s 141972, 141938, 120988, 139394, 140793, 143235, 143372, 145294, 145338, 145500, 146265, 146871. This link is valid until 2/14/2017.

Under Contract/Pending (8)MLS#s 142360, 142691, 144227, 144676, 145730, 146209, 146572, 146979. This link is valid until 2/14/2017.

Aspen Snowmass Solds Last Week:  


MLS #145500 - Riverside, East Aspen, 311 Park Avenue, Aspen, CO. Sold Price: $5,700,000/$1,505 sq ft; furnished. More details below photos.
Aspen real estate 011517 145500 311 Park Avenue 1 590W  Aspen real estate 011517 145500 311 Park Avenue 2 590W  Aspen real estate 011517 145500 311 Park Avenue 3 190H Aspen real estate 011517 145500 311 Park Avenue 4 190H  Aspen real estate 011517 145500 311 Park Avenue 5 190H Aspen real estate 011517 145500 311 Park Avenue 6 190H
MLS #145500 - Riverside, East Aspen, 311 Park Avenue, Aspen, CO. Sold Price: $5,700,000/$1,505 sq ft; furnished. Asking Price: $6,500,000. (Original Price: $7,150,000 and 239 days on the market since 01/08/2016.) This is a 1994 built and 2014 remodeled, 4 bedroom/4 bath/1 half-bath, 3,785 sq ft riverfront single family residence with 1 car garage on a 3,560 sq ft lot. Broker comments are "Downtown home on the river. Renovated in 2014 this new, modern 4-bedroom en suite 3-level home overlooks the Roaring Fork River with beautiful views of Aspen Mountain. Upper level south facing wall are large glass doors that slide open uniting the inside and outside spaces with the river directly below. Open floor plan with kitchen, dining, living and office flowing together. All levels walk out to private decks overlooking the river with an abundance of natural light and all day sun. Conveniently located on the east edge of town, just steps from the Hopkins pedestrian bridge and Hunter Creek loop. Being offered furnished turnkey with a few personal exclusions." 2015 taxes: $11,448. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/09/2017; Sold Date: 01/13/2017. (Photos and broker comments courtesy of Laura Maggos Properties)
 
MLS #146265 - Starwood, McLain Flats, 244 S Starwood Drive, Aspen, CO. Sold Price: $2,770,000/$419 sq ft. More details below photos.
Aspen real estate 011517 146265 244 S Starwood Drive 1 590W  Aspen real estate 011517 146265 244 S Starwood Drive 2 590W  Aspen real estate 011517 146265 244 S Starwood Drive 3 190H Aspen real estate 011517 146265 244 S Starwood Drive 4 190H  Aspen real estate 011517 146265 244 S Starwood Drive 5 190H Aspen real estate 011517 146265 244 S Starwood Drive 6 190H
MLS #146265 - Starwood, McLain Flats, 244 S Starwood Drive, Aspen, CO. Sold Price: $2,770,000/$419 sq ft. Asking Price: $3,200,000. (Original Price: $3,200,000 and 115 days on the market since 09/16/2016.) This is a 1987 built, 4 bedroom/4 bath/1 half-bath, 6,604 sq ft single family residence with 2 car garage on a 3.08 acres lot. Broker comments are "Exceptional location captures the spectacular view including all the ski areas. The foreground view is uncluttered and private meadows with the tranquil views of Owl Creek. Custom four bedroom 4.5 bath home. Open concept with unique features. Entry foyer leads to a curved stairway opening into a fantastic round great room with a center floor to ceiling fireplace, wall of windows to take in the mountain and meadow views. Doors lead to a large patio. The kitchen is open with a center island that seats four, good counter space and sky light. Adjacent Dining area takes advantage of the beautiful views. The master suite is on the entire second floor you ascend a curved stairway to a grand master suite featuring a round room with a unique ceiling, and large dressing room and private deck. There is one large bedroom suite on one side of the house and 2 bedroom suites plus sitting room and another kitchen on the other side of the home." 2016 taxes: $17,832; HOA Dues: $241 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/30/2016; Sold Date: 01/09/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
 
MLS #145338 - Owl Creek, West Aspen, 1044 Owl Creek Road Unit 1, Aspen, CO. Sold Price: $2,625,000/$986 sq ft; unfurnished. More details below photos.
Aspen real estate 011517 145338 1044 Owl Creek Road Unit 1 1 590W  Aspen real estate 011517 145338 1044 Owl Creek Road Unit 1 2 590W  Aspen real estate 011517 145338 1044 Owl Creek Road Unit 1 3 190H Aspen real estate 011517 145338 1044 Owl Creek Road Unit 1 4 190H  Aspen real estate 011517 145338 1044 Owl Creek Road Unit 1 5 190H Aspen real estate 011517 145338 1044 Owl Creek Road Unit 1 6 190H
MLS #145338 - Owl Creek, West Aspen, 1044 Owl Creek Road Unit 1, Aspen, CO. Sold Price: $2,625,000/$986 sq ft; unfurnised. Asking Price: $2,995,000. (Original Price: $2,995,000 and 169 days on the market since 07/25/2016.) This is a 2002 built, 3 bedroom/3 bath, 2,661 sq ft duplex/half duplex with 1 car garage on a 4.5 acres lot. Broker comments are "This spacious, contemporary duplex was masterfully designed by Studio B Architects. It features clean lines and high end finishes with hardwood floors and gas fireplaces. Located on 4 private acres tucked away at the end of a quiet road, it lives like a single family home and enjoys extensive views of the surrounding landscape. Soak in Mother Nature from your wraparound deck, as well as the private deck off of the master bedroom. Located off Owl Creek Rd, it’s close to downtown Aspen but also enjoys easy access to Snowmass Village. This is the perfect opportunity for a full time resident, vacation home or investment property. The 2,661 Sq.ft. of above grade living space does not include 414 SF of unfinished basement/storage and a 313 SF garage. Video at: http://bit.ly/owlcreek1" 2015 taxes: $5,644; HOA Dues: TBD per Yr. Under Contract Date: 11/03/2016; Sold Date: 01/10/2017. (Photos and broker comments courtesy of ENGEL & VÖLKERS)
 
MLS #143235 - West End, 118 N First Street, Aspen, CO. Sold Price: $2,550,000/$1,187 sq ft; furnished. More details below photos. 
Aspen real estate 011517 143235 118 N First Street 1 590W  Aspen real estate 011517 143235 118 N First Street 2 590W  Aspen real estate 011517 143235 118 N First Street 3 190H Aspen real estate 011517 143235 118 N First Street 4 190H  Aspen real estate 011517 143235 118 N First Street 5 190H Aspen real estate 011517 143235 118 N First Street 6 190H
MLS #143235 - West End, 118 N First Street, Aspen, CO. Sold Price: $2,550,000/$1,187 sq ft; furnished. Asking Price: $3,100,000. (Original Price: $3,650,000 and 310 days on the market since 03/08/2016.) This is a 1888 built and 1985 remodeled, 3 bedroom/3 bath/1 half-bath, 2,147 sq ft single family residence on a 3,000 sq ft lot. Broker comments are "A wonderful way to be a part of Aspen's storied history, this corner lot West End Victorian is located at 1st and Bleeker Street across from the Yellow Brick playground with gorgeous cottonwood trees and is walking distance to everything. Located 2-1/2 blocks to the Main Street Bakery and 1-block to all bus service. This designated West End Victorian has 2,147 s.f. of which 1,000 s.f. on the South side of the the house was added in the 80's and can be removed. Very livable as-is, and yet prime for a restoration/expansion project. 2400 s.f. FAR, and opportunity for a 500 s.f. bonus for a HPC ''worthy'' project plus the ability to add below grade living area." 2015 taxes: $4,652. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/07/2016; Sold Date: 01/12/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)
 
MLS #140793 - Aspen Townhouse by River, Central Core, 1050 Waters Avenue #12, Aspen, CO. Sold Price: $1,975,000/$1,513 sq ft; furnished. More details below photos.
Aspen real estate 011517 140793 1050 Waters Avenue 12 1 590W  Aspen real estate 011517 140793 1050 Waters Avenue 12 2 590W  Aspen real estate 011517 140793 1050 Waters Avenue 12 3 190H Aspen real estate 011517 140793 1050 Waters Avenue 12 4 190H  Aspen real estate 011517 140793 1050 Waters Avenue 12 5 190H Aspen real estate 011517 140793 1050 Waters Avenue 12 6 190H
MLS #140793 - Aspen Townhouse by River, Central Core, 1050 Waters Avenue #12, Aspen, CO. Sold Price: $1,975,000/$1,513 sq ft; furnished. Asking Price: $1,995,000. (Original Price: $2,395,000 and _ days on the market since _.) This is a 1972 built and 2005 remodeled, 2 bedroom/1 loft/2 bath, 1,305 sq ft condo. Broker comments are "Walk everywhere in Aspen from this top floor, 2 bed + loft, 2 bath central core townhome, right on the river. Two-story living room with hardwood floors, wood-burning fireplace and balcony overlooking an amazing stretch of river. Open kitchen with custom cabinetry, slab granite countertops, stainless appliances. Riverfront master bedroom and loft with own bath on the upper floor with great light overlooking the living room and toward the river. Solar shades, in –unit washer/dryer, mountain views and did I mention the river? Very low HOA fees, assigned parking, no rental restrictions, HOA allows owners to have a dog." 2014 taxes: $3,366; HOA Dues: $1,061 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/14/2016; Sold Date: 01/12/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #143372 - Larkspur, Central Core, 800 E Hopkins Avenue A-1, Aspen, CO. Sold Price: $1,504,000/$1,044 sq ft; unfurnished. More details below photos.
Aspen real estate 011517 143372 800 E Hopkins Avenue A 1 1 590W  Aspen real estate 011517 143372 800 E Hopkins Avenue A 1 2 590W  Aspen real estate 011517 143372 800 E Hopkins Avenue A 1 3 190H Aspen real estate 011517 143372 800 E Hopkins Avenue A 1 4 190H  Aspen real estate 011517 143372 800 E Hopkins Avenue A 1 5 190H Aspen real estate 011517 143372 800 E Hopkins Avenue A 1 6 190H
MLS #143372 - Larkspur, Central Core, 800 E Hopkins Avenue A-1, Aspen, CO. Sold Price: $1,504,000/$1,044 sq ft; unfurnished. Asking Price: $1,499,000. (Original Price: $1,650,000 and 432 days on the market since 10/06/2015.) This is a 1974 built and 2005 remodeled, 2 bedroom/2 bath/1 half-bath, 1,440 sq ft condo. Broker comments are "Literally within steps of the gondola, restaurant row, the Wheeler Opera House and so much more, this Larkspur condo is a perfect combination of location & amenities in a two level configuration. Cozy living spaces welcome you on the first level with a well-appointed kitchen, powder room, dining area, living room & private office, while the master suite and guest suite enjoy privacy on the lower level. Covered decks on both levels allow for outdoor enjoyment fronting a quiet tree-lined street, while offering up views of Aspen Mountain. Beautifully finished and offering hardwood floors, custom built-ins and storage, granite counters, a wood burning fireplace & two walk-in master closets." 2014 taxes: $3,201; HOA Dues: $1,875 per Qtr. Under Contract Date: 12/11/2016; Sold Date: 01/09/2017. (Photos and broker comments courtesy of Woodbridge Realty Unlimited)
 
MLS #146871 - Hunter Creek, Smuggler, 236 Vine Street, Aspen, CO. Sold Price: $595,000/$1,000 sq ft; furnished. More details below photos.
Aspen real estate 011517 146871 236 Vine Street 1 590W  Aspen real estate 011517 146871 236 Vine Street 2 590W  Aspen real estate 011517 146871 236 Vine Street 3 190H Aspen real estate 011517 146871 236 Vine Street 4 190H  Aspen real estate 011517 146871 236 Vine Street 5 190H Aspen real estate 011517 146871 236 Vine Street 6 190H
MLS #146871 - Hunter Creek, Smuggler, 236 Vine Street, Aspen, CO. Sold Price: $595,000/$1,000 sq ft; furnished. Asking Price: $625,000. (Original Price: $625,000 and 41 days on the market since 12/02/2016.) This is a 1980 built and 2004 remodeled, 1 bedroom/1 bath, 595 sq ft condo. Broker comments are "Private top floor,one bedroom unit views out towards the woods. This unit has hickory wood floors, granite counter tops, new appliances and new bathroom. Enjoy the sounds of Hunter Creek while relaxing on the balcony. The Hunter Creek complex features hot tubs, pool and tennis courts. Easy walk to town or take the bus." 2015 taxes: $1,279. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/11/2016; Sold Date: 01/12/2017. (Photos and broker comments courtesy of Hunter Creek Properties)
 
MLS #139394 - Central Core, TDR 2 City of ASPEN TDRs, Aspen, CO. Sold Price: $340,000. More details below photo.
Aspen real estate 011517 139394 Tdr 2 City Tdrs 1 590W
MLS #139394 - Central Core, Tdr 2 City of Aspen TDR'S, Aspen, CO. Sold Price: $340,000. Asking Price: $190,000. (Original Price: $215,000 and 383 days on the market since 06/04/2015.) Broker comments are "Transferable Development Rights can be used to allow the intial developemnt right for a single family home within the city of Aspen of 500 sf additional floor area by right. $190,000 each." Under Contract Date: 12/15/2016; Sold Date: 01/03/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
 
MLS #120988 - Lazy O Ranch vacant lot, Tbd Lazy O Road, Snowmass, CO. Sold Price: $650,000. More details below photos.
Aspen real estate 011517 120988 Tbd Lazy O Road 1 590W  Aspen real estate 011517 120988 Tbd Lazy O Road 2 590W  Aspen real estate 011517 120988 Tbd Lazy O Road 3 190H Aspen real estate 011517 120988 Tbd Lazy O Road 4 190H
MLS #120988 - Lazy O Ranch vacant lot, Tbd Lazy O Road, Snowmass, CO. Sold Price: $650,000. Asking Price: $750,000. (Original Price: $1,300,000 and 2,389 days on the market since 07/07/2010.) Broker comments are "Create your own dream retreat on this premier lot at Lazy O. Acres of ranch pasture with spectacular views overlooking entire Lazy O ranch. Amenities include ranch manager, horse boarding, tennis courts and more." 2015 taxes: $23,351; HOA Dues: $16,000 per Yr. Town of Snowmass Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/10/2016; Sold Date: 01/09/2017. (Photos and broker comments courtesy of Alpine Real Estate, Inc)
 
MLS #141972 - Owl Creek Townhomes, 813 Burnt Mountain Drive, Snowmass Village, CO: Sold Price: $3,160,000/$869 sq ft; furnished. More details below photos.
Aspen real estate 011517 141972 813 Burnt Mountain Drive 1 590W  Aspen real estate 011517 141972 813 Burnt Mountain Drive 2 590W  Aspen real estate 011517 141972 813 Burnt Mountain Drive 3 190H Aspen real estate 011517 141972 813 Burnt Mountain Drive 4 190H  Aspen real estate 011517 141972 813 Burnt Mountain Drive 5 190H Aspen real estate 011517 141972 813 Burnt Mountain Drive 6 190H
MLS #141972 - Owl Creek Townhomes, 813 Burnt Mountain Drive, Snowmass Village, CO: Sold Price: $3,160,000/$869 sq ft; furnished. Asking Price: $3,575,000. (Original Price: $3,750,000 and _ days on the market since _.) This is a 1996 built, 4 bedroom/5 bath, 3,634 sq ft townhouse with 2 car garage. Broker comments are "The best located Owl Creek Townhome -- superior ski access! A spacious 4-bedroom, corner unit in the highly-sought-after Owl Creek Townhomes neighborhood. Located just a couple of steps (or turns) to the Pines/Owl Creek lift, this townhome features central air-conditioning, a wood-burning fireplace, hot tub/spa, generous outdoor space, high-ceilings, and top-of-the-line finishes. Newly updated furnishings provide the home with luxurious turn-key living. Great views of Burnt Mountain and the Snowmass ski area grace the great room and master suite. The open floor plan boasts spacious bedrooms, all en-suite, including a flex den that could be used as a fifth bedroom." 2015 Taxes: $11,555; HOA Dues: $22,269 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/22/2016; Sold Date: 01/12/2017. (Photos and broker comments courtesy of Compass)
 
MLS #141938 - Melton Ranch, 450 Terrace Drive, Snowmass Village, CO: Sold Price: $1,350,000/$379 sq ft; unfurnished. More details below photos.
Aspen real estate 011517 141938 450 Terrace Drive 1 590W  Aspen real estate 011517 141938 450 Terrace Drive 2 590W  Aspen real estate 011517 141938 450 Terrace Drive 3 190H Aspen real estate 011517 141938 450 Terrace Drive 4 190H  Aspen real estate 011517 141938 450 Terrace Drive 5 190H Aspen real estate 011517 141938 450 Terrace Drive 6 190H
MLS #141938 - Melton Ranch, 450 Terrace Drive, Snowmass Village, CO: Sold Price: $1,350,000/$379 sq ft; unfurnished. Asking Price: $1,535,000. (Original Price: $1,350,000 and 501 days on the market since 07/21/2015.) This is a 1974 built and 2005 remodeled, 5 bedroom/3 bath/2 half-bath, 3,553 sq ft single family residence on a 1.33 acres lot. Broker comments are "This home boasts spectacular Views of Snowmass and the Continental Divide situated on over 1.27 acres of land, and one of the largest lots in Melton Ranch. Located at the end of the cul-de-sac with privacy, outdoor garden space, and over 3553 sq ft of existing above grade living area makes this a great opportunity for potential re-development or remodel with additional FAR available per the Town of Snowmass Village. The property has two Wood Burning Fire Places with same level Master Bedroom, Living, Dining access and amazing Views. The Lower level has additional Bedrooms with Media Room, Laundry, and an attached Bedroom space for multiple use purposes." 2014 Taxes: $3,882; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/18/2016; Sold Date: 01/10/2017. (Photos and broker comments courtesy of Alpine Real Estate, Inc)
 
MLS #145294 - Ridge Run, 109 View Ridge Lane, Snowmass Village, CO: Sold Price: $1,250,000/$560 sq ft; furnished. More details below photos.
Aspen real estate 011517 145294 109 View Ridge Lane 1 590W  Aspen real estate 011517 145294 109 View Ridge Lane 2 190H Aspen real estate 011517 145294 109 View Ridge Lane 3 190H
MLS #145294 - Ridge Run, 109 View Ridge Lane, Snowmass Village, CO: Sold Price: $1,250,000/$560 sq ft; furnished. Asking Price: $1,495,000. (Original Price: $1,595,000 and 176 days on the market since 07/18/2016.) This is a 1979 built, 3 bedroom/2 bath/1 half-bath, 2,231 sq ft single family residence with 2 car garage on a 33,977 sq ft lot. Broker comments are "Charming treehouse design nestled into the pines off of Faraway Road. Hear the birds chirp in the morning while enjoying this clean and bright 3 bedroom home. It is very private location with shuttle service during the ski season with dial-a-ride. Owner has maintained home with a newer DaVinci roof and covered walkway from garage to the house. Driveway has been improved in recent years and the garage has additional storage above the parking and is heated. House can be expanded another 2,000 FAR square feet by right to 4,411 square feet!" 2015 Taxes: $5,420; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/21/2016; Sold Date: 01/10/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
 

Recent Estin Report tweets on Aspen Real Estate

EstinAspen Mar 12 - 19, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (5) + Under Contract (27) https://t.co/lWyx0P4xuO
EstinAspen Mar 5 - 12, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (7) + Under Contract (15) https://t.co/5TEYy2PeZG
EstinAspen Feb 26 - Mar 5, 17 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (5) + Under Contract (5) https://t.co/uxoY2PQdmk
EstinAspen #AspenRealEstate and others Down in 2016 as Colorado #MountainLuxuryRealEstate Sales Decline https://t.co/ilZ7NJ4htu
EstinAspen Feb 19 - 26, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (6) + Under Contract (14) https://t.co/nAiOLqoBCn
EstinAspen Feb 12 - 19, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (6) + Under Contract (11) https://t.co/LWU2jMWVYR
EstinAspen NEW! #EstinReport Historic Pace of Sales Charts by Quarter for #AspenHomes, #AspenCondos & Lots in #AspenRealEstate https://t.co/qBqWgHc0VP
EstinAspen January 2017 #EstinReport Just Released #AspenRealEstate Market Snapshot: https://t.co/6zV9Mx95YH

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 2017 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."

____________________________________________________________________________________

 

 

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

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