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Last Week’s Market Highlights – Aspen and Snowmass Real Estate Sales and Under Contract Activity: Last week’s real estate sales activity appears below for the upper Roaring Fork Valley for all property types over $250,000 excluding fractionals in Aspen, Snowmass Village, Woody Creek and Old Snowmass (although Residences at Little Nell and Dancing Bear are included due to their higher fractional price points). Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted to keep an archive of sold market activity.

For a Spreadsheet Summary of the past week’s sales and under contract activity,

see The Estin Report: Aspen Snowmass Weekly Sales Statistics, Dec. 19 – 26, 2010

Closed (7): MLS #’s: 105940, 118128, 117231, 116874, 104198, 111754, 112273, This link to MLS photos and property details is valid for 30 days. This link expires 1/25/2011


MLS #105940 – new single family home, 509 W. Hopkins Ave., Aspen, CO: Sold Price: $$3,700,000/$1,005 sq ft; Ask Price: $4,950,000/$1,344 sq ft (Original price $7,995,000 and 909 days on the market since 6/24/08). This is 4 bdrm/4.5 bath, 3,681 sq ft 2009 built home with 2-car garage. The listing broker writes, “Brand new construction completed! Features include an open floor plan, radiant heat, central air conditioning, gas fireplace, elevator, gourmet kitchen, separate upper level master suite, steam shower in the master bath, media/game room, wine room, large deck, 2 car garage, stone & wood exterior, and views of Aspen Mountain. Walking distance to the downtown core”2009 Taxes: $8,346 Yr, HOA Dues: none. City of Aspen RETT Transfer Tax of 1.5% applies to buyer. Under Contract Date: 11/30/10. Sold Date: 12/20/10. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty)


MLS #118128 – Hunter Creek Condominium, 1327 Vine Street Aspen, CO: Sold Price:$560,000 /$882 sq ft; Ask Price: $595,000/$937 sq ft (Original Price $735,000 and 228 total days on the market). This is a beautifully contemporary 1 bdrm/1 bath, 635 sq ft unit remodeled in 2008.The listing broker comments, “Warm and inviting remodel in this charming unit includes built ins for efficient and spacious living. Bosch and Kitchenaid appliances. Cork floors. Walnut top built in desk. Ceiling fans in bedroom and living room. Large windows and back deck overlooking green space.”2009 Taxes: $1,398 Yr; HOA Dues: $201 mos. City of Aspen RETT Transfer Tax of 1.5% applies to buyer.Under Contract Dtae: 12/01/10; Sold Date: 12/21/10. (Photos and description courtesy of Mason & Morse Real Estate – Aspen)


MLS #117231 – single family home, 618 Light Hill Road Snowmass, CO: Sold Price: $650,000/$ sq ft; ASsk Price: $749,900/$ sq ft. (Original Price: $1,485,000 and 803 days on the market since 6/09/08). This is a 1978 built 3 bdrm/3 bath, 2,011 sq ft home with 2-car garage on 1 acre. The broker writes, ” This is the highest lot in the Gateway subdivision of Old Snowmass which affords you the most amazing 360 degree views. Not only do you have incredible views but you are also adjacent to thousand of acres of BLM land. Spectacular views of Sopris and the Lazy O Ranch down below. Horseback ride, hike and explore.” 2009 Taxes: 5,576 Yr: HOA Dues: none. Under Contract Date 11/03/10; Sold Date: 12/21/10. (Photos and description courtesy of Carol Dopkin Real Estate ).


MLS # 116874 – Historic West End single family home, 609 W Bleeker Street Aspen, CO: Sold Price: $4,625,000/$1,070 sq ft; Ask Price: $4,975,000/$ 1,151 sq ft. (Original Price: $5,300,000 and 428 days on the market since 2/13/09 ). This is a 2011 built 5 bdrm/4.5 bath, 4,323 sq ft home with 1-car garage. The broker’s comments are, “A Victorian exterior with contemporary interior in Aspen’s historic West End. Features include Aspen Mountain views, a detached ADU studio with bathroom, open floor plan, vaulted ceiling in living area, chef’s kitchen, hardwood floors, sunny deck, shady patio, fenced backyard, and mature landscaping. Across the street from the Aspen Historical Society and a short walk to the Music Tent and downtown Aspen.” 2009 Taxes: $ 8,621 Yr. Under Contact Date: 11/24/10; Sold Date: 12/15/10. City of Aspen RETT transfer tax applies to buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty).


MLS #104198 – downtown Aspen Square Condominium, 617 E Cooper Avenue Unit 301 Aspen, CO:
Sold Price: $650,000/$ sq ft; Ask Price: $795,000/$1,603 sq ft. (Original Price $1,195,000 and 981 days on the market since 4/9/08).This is a 496 sq ft studio condo in the heart of downtown. The listing broker writes, “Excellent location on the 3rd floor of the Aspen Square. Enjoy beautiful views of Red Mountain. Recently upgraded. Close and convenient to everything downtown Aspen has to offer.” 2009 Taxes: $2,192 Yr; HOA Dues: $16,744 Yr. City of Aspen RETT transfer tax applies to buyer.Under Contract Date: 11/19/10; Sold Dtae: 12/16/10. Seller originally paid $695,000 for the unit in 7/3/06. (Photos and description courtesy of Aspen Real Estate Company).


MLS #111754 – half duplex in Cemetery Ln area, 1230 Mountain View Drive Unit A Aspen, CO: Sold Price: $3,650,000/$ 865 sq ft; Ask Price: $3,500,000/$830 sq ft. (Original Price: $5,995,000 and 1465 days on the market since 3/14/08. This is a spec built home and property was listed pre and during construction phase). This is a 5 bdrm/5.5, 2008 built half duplex, 4,218 sq ft with a 2-car garage. 2009 Taxes: $9,527 Yr. HOA Dues: tbd. City of Aspen RETT transfer tax applies to buyer.Under Contract Date: 9/21/10; Sold Date: 12/21/10.(Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty).


MLS #112273 – half duplex, 1095 Cemetery Unit A, Aspen, CO: Sold Price: $2,850,000/$ 856 sq ft; Ask Price: $2,995,000/$900 sq ft.(Original Price: $3,450,000 and 524 days on the market since 7/17/09 ). This is a 4 bdrm/4.5 bath, 2006 built, 3,328 sq ft unit with 1-car garage. The listing broker comments are, “Beautiful, Gently Lived in Half Duplex with High Ceilings, Hardwood Floors, Granite and Marble Counter Tops. Views of Independence Pass. Direct bike bath access to parks, River and Town.” 2008 Taxes: $5,304 YR ; HOA Dues: $ 600 mos. City of Aspen RETT transfer tax applies to buyer.Under Contract Date: 9/22/10; Sold Date: 12/21/10.(Photos and description courtesy of Aspen Real Estate Connections).

Under Contract / Pending (7): MLS#’s:111903, 118760, 118942, 112496, 116219, 116657, 111195. This link to MLS photos and property details is valid for 30 days. This link expires 1/25/2011 Photos and descriptions of pending properties are not posted unless special circumstances warrant.

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 on twitter @EstinAspen or click “Join the conversation” below:

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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 2010 and all rights reserved.. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com”

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