2014 was the Best Year Since 2007.
The Estin Report: 2014 year end summary of Aspen and Snowmass sales performance stats with charts and tables was posted 12.26.14 in Current Reports. The Dec. 2014 Monthly Market Snapshot will be posted this Thurs or Friday. Jan 8th or 9th, and the Q4 and Year 2014 Quarterly: State of the Aspen Market Report will be released in mid-Jan 2015.
Last week’s Aspen and Snowmass sales activity appears below. Scroll down the page for 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 search the 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, the information should be here.
Market Activity Week 51, Dec 28, 2014 – Jan 4, 2015
Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass 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 published here to preserve an archive of sold market activity.
Closed (6): This link is valid until 2/3/2015. MLS#s: 123847 132600 134795 134813 136791 137141
Under Contract/Pending (14): This link is valid until 2/3/2015.MLS#’s: 112734,127613,131065,133104,133338,133730,134070,134392,134797,136502,136829,137031,137076,137126
Aspen Snowmass Solds Last Week:
MLS #137141 – West End Aspen, Condo, 426 N Second Street, Aspen, CO; Sold Price: $4,600,000/$1,909.51 sq ft unfurnished. More details below photo.
MLS #137141 – West End Aspen, Condo, 426 N Second Street, Aspen, CO; Sold Price: $4,600,000/$1,909.51 sq ft unfurnished. Referenced here also are: MLS #’s 123077,122321); Asking Price: $4,600,000. (Original Price: $4,600,000 and 47 days on the market since 12/19/2013.) This is a 1972 built/2010 remodeled, 3 bedroom/2 bath/1 half-bath, 2,409 sq ft single family home on an unmatchable, oversized and condominiumized 9,000 sq ft Triangle Park corner lot in the epicenter of Aspen’s Historic West End. This transaction actually closed in early Feb. 2014. The buyer is the adjacent Unit B owner (with a physical address of 229 W. Smuggler Unit B facing the park) who made an unsolicited offer for this unit. Unit A’s owner purchased the property in Sept 2011 for $3.4M, MLS 122321. The present owner of Unit B paid $2.5M for the 1888 built, historic 3 bedroom/2 bath, 2,716 sq ft single family home in need of complete gut job in Jan 2012, MLS 123077. So…total investment in this superbly located oversized property is: $7.1M/5,125 sq ft = $1,385 sq ft with considerable additional cost to be determined in connecting the two units into one complete single family home, if that is the buyer’s plan. I believe the two properties are connected physically by either a shared garage wall or a shared fence line. Unit B had been the home of Aspen’s much-beloved couple Dr. Jack Frischman and his wife, Belinda since the 1950’s. I had the immense pleasure of skiing France’s Haute Route from Chamonix to Zermatt with Dr. Jack and Aspen architect Fritz Benedict in the 1980’s. Broker comments are, “The ideal location across from Triangle Park in the West End.” 2013 Taxes: 7,330. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/22/2013; Sold Date: 02/04/2014. (Photos and broker comments courtesy of Setterfield & Bright)
MLS #132600 – West Aspen – Cemetery Ln/Aspen Golf Course Area, West Aspen Duplex Condo, 1540 Silver King Drive, Aspen, CO: Sold Price: $3,080,000/$884 sq ft unfurnished. More details below photos.
MLS #132600 – West Aspen – Cemetery Ln / Aspen Golf Course Area, West Aspen Duplex Condo, 1540 Silver King Drive, Aspen, CO: Sold Price: $3,080,000/$884 sq ft unfurnished; Asking Price: $3,300,000. (Original Price: $3,300,000 and 353 days on the market since 01/10/2014.) This is a 2000 built, 3 bedroom/2 bath/1 bath-half/1 bath-3/4,3,484 sq ft condo with 2 car garage on 3,484 sq ft lot. Broker comments are, “Private, sunny and convenient – best describe this West Aspen duplex. Handsome, reclaimed wood beams and floors throughout. 3 bedrooms, 3.5 baths on three levels. Nestled at the base of Red Butte there is easy access to the Aspen Golf Course, and all of the amazing trails of Aspen. Stone and stucco offer a low maintenance exterior. The home works well for primary or second homeowners. Striking Pro Grade kitchen is the focal point of the open living/dining area; dumb waiter brings groceries up from the garage level. Multiple decks to experience the outdoors and views of the ski areas and Pyramid Peak. Luxurious Master Suite commands the upper level and includes a dedicated space ideal for home office or baby nursery. Gas fireplace, walk-out French balcony and bath with steam shower, jetted soaking tub and dual vanities. Dreams realized by the large walk-in closet complete with ample owner lock off, built-ins, stackable washer/dryer and built-in ironing board. Main laundry/ mud room adjacent from garage is the ultimate in convenience for busy and active families, built in cubbies provide lots of room for all your gear. Private hot tub, water feature with pond, sunny deck and snow melt drive round out the features of this home.” 2013 Taxes:6,006. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/01/2014; Sold Date: 12/29/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Hyman Mall)
MLS #123847 – Snowmass, Snowmass Village, Two Creeks Subdivision, Single Family vacant lot. More details below photos.
MLS #123847 – Single Family Vacant Lot, Tbd Two Creeks Drive, Snowmass Village, CO: Sold Price: $3,500,000; Asking Price: $4,650,000. (Original Price: $4,650,000 and 1,090 days on the market since 01/05/2012.) This is a 50,743 sq ft single family lot in the Two Creeks subdivision. Broker comments are, “One of the best lots in Two Creeks, the premiere ski in/ski out location in Snowmass. Enjoy wide open views and easy ski access, plus only 15 minutes to Aspen via Owl Creek Rd. Allowable FAR is 5,500; an additional 10% can be purchased, totaling 6,050 sf. Includes preliminary site plans and drawings by renowned local architect, Robert Miller, to assist in planning your dream home.”. 2011 Taxes: $45,811; HOA Dues: Tbd. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/24/2014; Sold Date: 12/30/2014.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s Snowmass Village)
MLS #134813 – Aspen, Woody Creek, Aspen Village, 33 Aspen Village, Aspen, CO; Sold Price: $310,000/253 sq ft unfurnished. More details below photos.
MLS #134813 – Aspen, Woody Creek, Aspen Village, 33 Aspen Village, Aspen, CO; Sold Price: $310,000/$253 sq ft unfurnished; Asking Price: $325,000. (Original Price: $340,000 and 197 days on the market since 06/16/2014.) This is a 2001 built, 3 bedroom/1 bath/2 bath-3/4, 1,221 sq ft single family home with 2 car garage on a 3,573 sq ft lot. Broker comments are, “Custom upgrades accentuate this 3 BD, 3 BA home with office addition. Home has 933 sq.ft. plus 288 for office & green house additions totaling 1,221 sq. ft. Home is a 24×40 mobile home (HUD). Lots of enclosed outdoor storage.Covered front porch. No dogs allowed. Community pool, club house & gym. No HOA dues-Aspen Village has it’s own Metro District. Property taxes include water, sewer, trash, common area maintenance, road maintenance, snow removal & management. Located in the Aspen School District & close to RFTA bus stop. Aspen Pitkin County Housing Authority (APCHA) has Deed Restricted Aspen Village to Resident Occupied (RO). Owner occupied only. Buyer must have worked a minimum of 1 year prior to purchase in Roaring Fork Valley for a min. of 1,500 hrs./yr. There is no price restriction.” 2013 Taxes: $2,166. Under Contract Date: 12/02/2014; Sold Date: 12/30/2014. (Photos and broker comments courtesy of Janet Mitchell & Co)
MLS #134795 – West Aspen, Little Victoria, 634 W Main Unit #3, Aspen, CO: Sold Price: $300,000/$779 sq ft unfurnished. More details below photos.
MLS #134795 – West Aspen, Little Victoria, 634 W Main Unit #3, Aspen, CO: Sold Price: $300,000/$779 sq ft unfurnished; Asking Price: $325,500. (Original Price: $325,500 and 196 days on the market since 06/17/2014.) This is a 1966 built, 1 bath, 455 sq ft condo. Broker comments are, “Own your own home in downtown Aspen. These four free-market units have low HOA fees, and dogs are welcome!” 2013 Taxes: $631; HOA Dues: $65. Under Contract Date: 11/05/2014; Sold Date: 12/30/2014. (Photos and broker comments courtesy of Aspen Real Estate Company)
No Photos in MLS for this Maroon Greens Furnished Condo.
MLS #136791 – West Aspen, Maroon Greens, 74 Pfister Drive #102, Aspen, CO: Sold Price: $4,100,000/$1,082 sq ft furnished; Asking Price: $4,500,000. (Original Price: $4,500,000 and 49 days on the market since 11/14/2014.) This is a 1997 built, 4 bedroom/4bath/1 bath-half, 3,788 sq ft townhome condo with 2 car garage on a 2,970 sq ft lot. No broker comments. 2013 Taxes: $7,366. Under Contract Date: 11/19/2014; Sold Date: 01/02/2015. (Photos and broker comments courtesy of Joshua & CO, Aspen)
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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 email. The Estin Report is copyrighted 2015 and all rights reserved. Use is permitted subject to the following attribution with an active link to the source: “The Estin Report on Aspen real estate.”