Apr 21 – 28, 2019 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (9) + Under Contract / Pending (11).

The March 2019 Aspen Snowmass Village Real Estate Market Report Snapshot is posted in Current Reports.  The Monthly Snapshots are posted on or near the 1st Mon. of every month.

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

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

     
                                   Aspen & Snowmass Village Historic Real Estate Sales Chart Series

Blog Post: Apr 21 – 28, 2019 Aspen CO real estate market activity, Week 16

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 (9):  MLS#s: 152365, 152439, 154223, 154989, 155159, 155983, 158076, 158111, 158927. This link is valid until 5/28/2019.

Under Contract/Pending (11)MLS#s: 156690, 152153, 154127, 154348, 154753, 157854, 157869, 158378, 158394, 158780, 158899. This link is valid until 5/28/2019.

Sold Properties Last Week:

MLS #158927 – Red Mountain, 300 American Lane, Aspen, CO: Vacant Land/Building Site at Red Mountain Base for Sale; Sold Price: $24,200,000. Sold Date: 04/25/2019. More details below photo.

MLS #158927 – Red Mountain, 300 American Lane, Aspen, CO: Vacant Land/Building Site at Red Mountain Base for Sale; Sold Price: $24,200,000. Sold Date: 04/25/2019. Aspen lots for sale. Ask Price: $24,200,000. (Original Price: $24,200,000 and 77 days on the market since 02/07/2019.) This is a 4.83 acres single family vacant lot. Broker comments are “Sold before MLS.” 2018 taxes: $90,955. Under Contract Date: 02/07/2019; Sold Date: 04/25/2019. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)

Here is a history of the Rubey Family vacant lot land trades since 2016 (5 lots sold and re-sold at the base of Red Mtn) from my 5/23/18 blog post.

Rubey Family Lots (Estate of Marian Rubey Lyeth Davis, heiress to Maxwell House Coffee. See obit.)  / Base of Red Mountain Vacant Lot Sales Activity  = Five lots @ 5-12 relatively flat acres each at the base of Red Mountain offering huge mountain views and walking proximity to town of Aspen, CO. (40 acres total Rubey family holdings.) Selling range: $10-22M. In May 2018, Lot 2 is listed for re-sale at $29.995M.

Sales activity listed in chronological order. (MLS #’s: 158927,154057, 149718,144489,146395,147059, 142728,154057):

Lot 3 Sold 2x since early 2016.
MLS # 158927 Sold on 04/25/19 at $24.2M. Previously this 4.38 acre parcel sold on 10/13/16 at $13M (see below).

Lot 2 Sold 2x since early 2016.
MLS# 154057: Sold Date: 02/08/2019. Lot 2: 6.4 acres.  Sold Price: $21M (listed on 5/16/18 at ask price $29.995M). Previously sold on 02/16/16 at $10M ($11M ask). Approved FAR (Floor Area Ratio) 6.4 acres with entitlements to build 15,000 sf home + 750 sf garage + 4,000 sf sub-grade.

Lot 1 Sold
MLS# 147059, Sold Date: 05/14/2018. Lot 1, 5.28 acres. Sold Price: $15.2M. Rare approvals to build up to 19,750 sq ft. Last lot to sell directly from Rubey Family. Aspen vacant land for sale. Ask Price: $16,950,000. (Original Price: $20,000,000 and 718 days on the market since 05/26/2016.)

Lot 5 Sold
MLS #149718 – Sold Date: 06/27/2017. Lot 5, 11.72 acres. Sold price: $22M. Single family vacant lot with a 6,600 sq ft 1985 built/1985 remodeled 4 bdrm/5 ba home. (Red Mountain, 101 American Lane, Aspen, CO). Ask Price: $22,000,000. (This was an off market deal and was the Main House for Texan matriarch Marion Rubey.) The structure is considered a teardown.

Lot 4 Sold
MLS #144489 – Sold date: 11/14/2016. Lot 4: 6.28 acres. Sold price: $18.5M. Asking Price: $21,500,000. (Original Price: $25,000,000 and 158 days on the market since 06/09/2016.)

Lot 3 Sold
MLS 146395, Sold date: 10/13/16. Lot 3:  4.38 acres. Sold price: $13M. ($14M ask price). Piktin County Assessor Acc #R008443

Lot 2 Sold
MLS 142728, Sold on 02/16/2016. Lot 2: 6.4 acres. Sold price: $10M. (Ask: $11M.) Approved FAR (Floor Area Ratio) for 15,000 sf home + 750 sf garage + 4,000 sf sub-grade. Piktin County Assessor Acc #008442. Public remarks: Last of the great building sites at base of Red Mountain. One of 5 sites in family estate. Older home currently rented. FAR-previously approved-15,000 SF plus garage and 4,000 foot subgrade space . Sold before MLS   [Re-listed MLS# 154057  on 5/16/18 at $29.995M.]

Property and Listing History
Lot 3, 300 American Lane, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #158111 – West Aspen, 1227 Alta Vista, Aspen, CO: Sold Price: $6,755,000/$1,536 sq ft; furnished. Sold Date: 04/23/2019. More details below photos.

MLS #158111 – West Aspen, 1227 Alta Vista, Aspen, CO: Sold Price: $6,755,000/$1,536 sq ft; furnished. Sold Date: 04/23/2019. Aspen townhomes for sale. Ask Price: $6,750,000. (Original Price: $6,750,000 and 50 days on the market since 03/04/2019.) This is a 2006 built, 6 bedroom/7 bath/1 half-bath, 4,397 sq ft townhome. Tim’s notes: The property is just off Cemetery Lane area convenient to bike / hiking paths, pubic shuttle bus service, the Aspen golf course in summer, cross-country skiing in winter and all-season walks with the family, dog(s) and friends. This is a superb family home in a terrific and well-known family neighborhood. Broker comments are “This 6 bdrm/7.5 ba half home is in move in condition. Enjoy views of Pyramid Peak, Highlands and Buttermilk Ski Areas. Cross Country Skiing and Golf right out the back door. Easy Access to the Rio Grande Trail. Bus stop less than 1 minute from the front door. Every inch of this home was planned with care to maximize the value of the space. Ideal for multi-generational living. 2 built-in murphy beds bring the pillow count to 16 with 2 separate living areas. Master on the Main Level with the main living room and kitchen and dining areas. 2 en-suite bedrooms on upper Level and 3 en-suite bedrooms a large living area with 2 murphy beds and a full bathroom on the lower level. This home is craftsman built to accommodate large parties in grand style.” 2018 taxes: $11,617. Under Contract Date: 03/09/2019; Sold Date: 04/23/2019. (Photos and broker comments courtesy of Aspen Snowmass Real Estate, LLC)

Property and Listing History
1227 Alta Vista, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #154223 – West Aspen, 731 Cemetery Lane, Aspen, CO: Half-Duplex Sold Price: $3,600,000/$1,194 sq ft; partially furnished. Sold Date: 04/22/2019. More details below photos.

MLS #154223 – West Aspen, 731 Cemetery Lane, Aspen, CO: Sold Price: $3,600,000/$1,194 sq ft; partially furnished. Sold Date: 04/22/2019. Aspen duplex / half-duplex for sale. Ask Price: $3,670,000. (Original Price: $4,250,000 and 350 days on the market since 05/07/2018.) This is a 1990 built, 4 bedroom/4 bath, 3,014 sq ft duplex/half-duplex with 2 car garage. Broker comments are “Spectacular half-duplex on the 15th fairway of the Aspen Championship Golf Course. This bright and sophisticated 4 bedroom residence features high ceilings, bright and light window walls, and spacious outdoor decks and yard area. Enjoy the private park-like setting, soothing seasonal stream, and stunning views of Aspen Highlands, Buttermilk and Mt. Sopris. 2-car garage, nicely landscaped, and lots of storage. A Must See.” 2017 taxes: $7,914. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/10/2019; Sold Date: 04/22/2019. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

Property and Listing History
731 Cemetery Lane, Aspen, CO 81611

MLS # Status Price % Change Date DOM Address
154223 Closed $3,600,000 7.5% 04/22/2019 350 731 Cemetery Lane
+ Closed $3,670,000 04/22/2019 0
+ Pending $3,670,000 02/11/2019 70
+ Price Change $3,795,000 -2.6% 08/29/2018 236
+ Price Change $3,895,000 -2.5% 08/16/2018 249
+ Price Change $3,995,000 -6.0% 07/16/2018 280
+ New $4,250,000 05/25/2018 332
137619 Closed $3,350,000 08/28/2015 197 729 Cemetery Lane Unit: 731
+ Closed $3,650,000 08/28/2015
+ Pending $3,650,000 04/20/2015 127
+ New $3,650,000 02/12/2015 194

MLS #152365 – Townsite of Aspen, Historic West End Aspen, 729 W Francis Street Units 1 and 2, Aspen, CO: Re-development  Lot for sale opportunity, Sold Price: $3,100,000/$1,152 sq ft; unfurnished. Sold Date: 04/16/2019. More details below photos.

MLS #152365 – Townsite of Aspen, West End, 729 W Francis Street Units 1 and 2, Aspen, CO: Sold Price: $3,100,000/$1,152 sq ft; unfurnished. Sold Date: 04/16/2019. Aspen condos for sale. Ask Price: $3,499,000. (Original Price: $3,900,000 and 449 days on the market since 01/22/2018.) This is a 1955 built and 1998 remodeled, 6 bedroom/4 bath, 2,690 sq ft condo. Broker comments are “An exceptional West End 6000 sq ft lot, with a 1950s-era, whole duplex being offered; Unit 1, upstairs has 3 bedrooms, 2 baths, a wood-burning stove with remodeled kitchen and baths in 2009. Big south-facing deck, peaked ceilings, washer/dryer, 2 parking spaces on alley, happy and bright. Unit 2, lower level has 3 bedrooms, 2 baths, laundry room, recently remodeled, tandem parking on Francis Street side, another quiet livable happy place. Beautiful fenced yard. Use and/or rent both condos until your new home is designed & built. Long-time established professional tenants upstairs. Buyer to handle Aspen’s development review process for re-development scenarios. See Documents for Declaration and condo map. Owner selling both condos/entire duplex all together.” 2018 taxes: $7,989. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/12/2018; Sold Date: 04/16/2019. (Photos and broker comments courtesy of Aspen Snowmass Properties)

Property and Listing History
729 W Francis Street Units 1 and 2, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #155159 – Mountain Valley Sub, East Aspen, 16 E Lupine Drive, Aspen, CO: Vacant land / Teardown lot for sale; Sold Price: $1,800,000/$676 sq ft; unfurnished. Sold Date: 04/18/2019. More details below photos.

MLS #155159 – Mountain Valley Subdivision, East Aspen, 16 E Lupine Drive, Aspen, CO; Vacant land / Teardown lot for sale; Sold Price: $1,800,000/$676 sq ft; unfurnished. Sold Date: 04/18/2019. Aspen duplex/half-duplex for sale. Ask Price: $2,350,000. (Original Price: $2,350,000 and 932 days on the market since 06/06/2017.) This is a 1967 built and 1978 remodeled, 6 bedroom/3 bath, 2,662 sq ft duplex/half-duplex with 2 car garage on 16,635 sq ft lot. Broker comments are “Huge Development Potential… large corner lot at the entrance to Mountain Valley. Tons of potential – remodel existing duplexes and/or scrape and start new. Great opportunity for a developer & or end user. Remodel existing duplex – keep one duplex for personal use and the other for rental income. Flat building lot, views, lots of sun and on the dial-a-ride bus route. R15-A zoning. Current configuration is a top/bottom duplex. Top floor consists of 3 bedrooms, 2.5 bath, full kitchen, fireplace and washer/dryer. Lower duplex is 3 bedrooms, 1.5 bath, full kitchen, fireplace, washer/dryer. There is also a over sized 2 car garage with lots of extra storage plus a hot tub and deck areas. Current rental income is $4,200/mo.” 2017 taxes: $4,309; HOA Dues: $400 per Yr. Under Contract Date: 11/02/2018; Sold Date: 04/18/2019. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

Property and Listing History
16 E Lupine Drive, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #154989 – Chateau Blanc Condominiums, Downtown Central Aspen Core, 901 E Hyman Avenue 2, Aspen, CO: Sold Price: $1,450,000/$1,562 sq ft; furnished. Sold Date: 04/18/2019. More details below photos.

MLS #154989 – Chateau Blanc, Central Core, 901 E Hyman Avenue 2, Aspen, CO: Sold Price: $1,450,000/$1,562 sq ft; furnished. Sold Date: 04/18/2019. Aspen condos for sale. Ask Price: $1,550,000. (Original Price: $1,795,000 and 290 days on the market since 07/02/2018.) This is a 1966 built and 2017 remodeled, 2 bedroom/2 bath, 928 sq ft condo. Broker comments are “Aspen’s best kept secret. This spacious two bedroom two bathroom condominium is tucked away in the most ideal location in the Aspen core. Nowhere else can you find peace and solitude only two blocks from the heart of town. This newly remodeled street level property has ample onsite parking and over 700 SqFt of private outdoor space to enjoy beautiful Summer sunsets. After a long ski day enjoy walking home to a wood burning fire and generous storage for ski gear and all the Summer toys. With no rental restrictions and lowest HOA fees in town-this property is a win for any buyer that loves everything that Aspen has to offer. See documents tab for rental proforma, expenses, HOA bylaws, and article on the historical survey rock.” 2018 taxes: $2,116; HOA Dues: $1,148 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/26/2019; Sold Date: 04/18/2019. (Photos and broker comments courtesy of Compass Aspen)

Property and Listing History
901 E Hyman Avenue 2, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #152439 – Herron, West End, 333 W Main Street Unit 1-A, Aspen, CO: Sold Price: $692,500/$1,124 sq ft; furnished. Sold Date: 04/26/2019. More details below photos.

MLS #152439 – Herron, West End, 333 W Main Street Unit 1-A, Aspen, CO: Sold Price: $692,500/$1,124 sq ft; furnished. Sold Date: 04/26/2019. Aspen condos for sale. Ask Price: $715,000. (Original Price: $744,500 and 1,005 days on the market since 07/08/2016.) This is a 1890 built and 2005 remodeled, 1 bedroom/1 bath, 616 sq ft condo. Broker comments are “Historic 1890 Aspen Herron mansion converted to a small quiet condominium complex. Tastefully decorated with period pieces yet updated with modern conveniences. Beautifully detailed trim ceiling work and finishes. This ground floor one bedroom condominium conveniently located in the West End of Aspen within walking distance to Music Tent, Skiing, restaurants, shops and galleries. Spacious covered front porch right outside front door. One assigned parking space. Lots of storage.” 2018 taxes: $1,649; HOA Dues: $1,688 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/06/2019; Sold Date: 04/26/2019. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

Property and Listing History
333 W Main Street Unit 1-A, Aspen, CO 81611
MLS # Status Price % Change Date DOM Address

MLS #158076 – Gateway To Snowmass, 1325 Gateway Road, Old Snowmass, CO: Sold Price: $1,025,000/$290 sq ft; unfurnished. Sold Date: 04/25/2019. More details below photos.

MLS #158076 – Gateway To Snowmass, 1325 Gateway Road, Snowmass, CO: Sold Price: $1,025,000/$290 sq ft; unfurnished. Sold Date: 04/25/2019. Snowmass Village homes for sale. Ask Price: $1,195,000. (Original Price: $1,195,000 and 654 days on the market since 06/30/2017.) This is a 1984 built, 3 bedrooom/2 bath/1 half-bath, 3,528 sq ft single family home with 1 car garage on a 1.64 acres lot. Broker comments are “Contemporary with expansive views. This architect designed home is artful living at its best! Features include passive solar, dramatic living room with fireplace, open dining area, chef’s kitchen and separate master suite. 1,000 square feet of decks includes large front deck with southern exposure, private shaded side deck and master suite with views. Garage plus 2 artist studios. Stunning views of Snowmass ski mountain, Mt. Daly and Capital Peak. Conveniently located close to Aspen and The Willits.” 2018 taxes: $8,288. Under Contract Date: 03/09/2019; Sold Date: 04/25/2019. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

Property and Listing History
1325 Gateway Road, Old Snowmass, CO 81654
MLS # Status Price % Change Date DOM Address

MLS #155983 – Horse Ranch Subdivision, 117 Spur Ridge Lane, Snowmass Village, CO: Sold Price: $2,687,500/$877 sq ft; unfurnished. Sold Date: 04/22/2019. More details below photos.

MLS #155983 – Horse Ranch Subdivision, 117 Spur Ridge Lane, Snowmass Village, CO: Sold Price: $2,687,500/$877 sq ft; unfurnished. Sold Date: 04/22/2019. Snowmass Village homes for sale. Ask Price: $2,790,000. (Original Price: $3,100,000 and 229 days on the market since 09/05/2018.) This is a 1993 built and 2016 remodeled, 4 bedrooom/3 bath/1 half-bath/1 bonus room, 3,062 sq ft single family home with 2 car garage on a 1.6 acres lot. Broker comments are “Perfection is in the details as evidenced in this immaculate Horse Ranch home privately situated on a very large lot. This 3,062 square-foot home was meticulously renovated in 2016 into an elegant home with a breathtaking chef’s kitchen, dining and living area. Wide walnut plank flooring throughout the entire house and high-end LED lighting showcase the vaulted ceilings and inviting color palette. The master suite is on the upper level adjacent to the office/4th bedroom, which has the best view in the house. Lower level has 2 bedrooms en suite, laundry room, and separate living space. Located less than 1,000 feet from the town shuttle and school bus stop, this immaculate home is accessible to skiing and all of Snowmass. Over 1 1/2 acres is all yours, including the new back yard out of the master and living area.” 2018 taxes: $7,635; HOA Dues: $190. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/12/2019; Sold Date: 04/22/2019. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)

Property and Listing History
117 Spur Ridge Lane, Snowmass Village, CO 81615
MLS # Status Price % Change Date DOM Address

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