Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds with the button on the left.

Link to The Estin Report: 1st Half 2011 State of the Aspen Market (released 07/14/11)

See“Mega-mansion Deals Spur Rebound in Aspen Market” , 07/17/11 Sunday Business, Grand Junction Sentinel

Last Week’s Market Highlights – Aspen Snowmass Real Estate Sales and Under Contract Activity: Last week’s real estate sold and under contract activity appears below for the upper Roaring Fork Valley for all property types over $250,000 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted here to preserve an archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (4): MLS# 122121, 122321, 121694, 119606. Link is valid for 30 days until 9/20/2011. Photos and descriptions of under contracts /pending are not posted unless special circumstances dictate.

Closed (6): MLS#’s 117944, 121078, 116226, 107361, 116869,122458. Link is valid for 30 days until 9/20/2011.

Featured Aspen Snowmass Property Activity

UNDER CONTRACT: MLS 122321 – West End single family home, Victorian exterior, inspired contemporary interior, 426 N Second Street Aspen, CO: Ask and Original Price Price: $3,495,000/$1,451 sq ft and on market 17 days since Aug 4, 2011.

UNDER CONTRACT: MLS 122321 – West End single family home, Victorian exterior, inspired contemporary interior, 426 N Second Street Aspen, CO: Ask and Original Price Price: $3,495,000/$1,451 sq ft and on market 17 days since . This is a beautifully designed historic half duplex in the epicenter of Aspen’s charmed West End across the street from Triangle Park. Nothing could be sweeter, and it’s only a short walk into town. This is a 1972 built/2010 remodeled Victorian exterior, modern interior, 2,409 sq ft, 3 bdrm/2.5 bath half duplex on a corner 9,000 sq ft lot.The broker’s comments are, “The perfect location in the West End across from Triangle Park, light and bright location, private back yard… Victorian on the outside contemporary on the inside. Single family house on a 9000 square foot condominiumized lot. Directions: Main Street to 2nd Street; on the corner of 2nd and Smuggler”. 2010 Taxes: $7,587 Yr. Under Contract Date: City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Morris $ Fyrwald, Sotheby’s International Real Estate).

SOLD MLS # – Lazy O Ranch, 560 Lazy O Road Snowmass, CO: Sold Price: $2,625,000/$351 sq ft furniture negotiable;

SOLD MLS # – Lazy O Ranch, 560 Lazy O Road Snowmass, CO: Sold Price: $2,625,000/$351 sq ft furniture negotiable; Ask Price: $2,995,000/$400 sq ft (Original Price: $4,495,000 and 1,075 days on the market since 09/04/08.) This is probably the best deal since the crisis began, fall 2008. This is a 1989 built/1995 remodeled, 6 bedroom/6.5 bath, 7,478 sq ft home with 3-car garage on 6.13 acres with stunning views. The broker’s comments are, “This is the first and best view Lot in Lazy O Ranch if not the whole valley! The floor plan flows perfectly for entertaining and family living with the master suite on the main level. Soaring ceilings with log accents looking out over the 100’s of acres of open space to the magnificent view of Sopris Mountain and the Elk Mountain Range. In addition to the 6 bedrooms in the main house there is a spacious one bedroom caretaker’s apartment. This is an excellent home for home for family and for extended family living. Lazy O Ranch Location is in the Old Snowmass Valley, just 22 minutes from Aspen. It is just a few miles to the Snowmass Store/Hwy 82 and 6 miles to Basalt, known for its gold medal Frying Pan River fishing, its specialty shops and cozy restaurants. Aspen Airport is just 12 miles from the ranch and Glenwood and I-70 access is 28 miles. Additionally, 1500 Lazy O Ranch is located just a few minutes from one of the best private golf and fishing clubs in the Roaring Fork Valley, The Roaring Fork Club.” 2010 Taxes: $19,349 Yr; HOA Dues: $12,000 Yr. Under Contract Date: 07/16/2011; Sold Date: 08/15/2011. There is a $10,000 Transfer Fee. (Photos and description courtesy of Carol Dopkin Real Estate.)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s Aspen Real Estate Blog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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Disclaimer: The statements made in The Estin Report and on 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 970.920.7387 or by email. The Estin Report is copyrighted 2011 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Aspen broker Tim Estin, mba, gri, www.EstinAspen.com”