A recent 5/13/14 news article on strengthening Aspen property sales cited Jan-April 2014 Estin Report stats.

The Estin Report April 2014 Monthly Market Snapshot of Aspen Snowmass Real Estate was released Mon May 5, 14, 2014 in the current reports section. The monthly snapshots are released on or near the 1st Monday of each month.

Last week’s Aspen and Snowmass sales activity appears below. Scroll down page for photos and details of weekly solds 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. Or use SearchEstinAspen to search by topic, address, subdivision or complex name, date etc. If it’s about Aspen real estate, the information should be here.

Click image for Apr 2014 Aspen Real Estate Market Snapshot pdf in Current Reports

Market Activity Week 21, May 18 – 25, 2014: 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 posted here to preserve an archive of sold market activity.

Closed (12): MLS #s: 134273, 134275, 134271, 132454, 131426, 127549, 120815, 132123, 131416, 133773, 130158, 125909. This link is valid until 06/25//2014.

Under Contract / Pending (4): MLS #s: 111918, 113952, 132345, 130600.This link is valid until 06/25//2014.

Aspen Snowmass Solds Last Week

MLS #125909 – Aspen, Central Core, Oklahoma Flats single family home, 855 Bay Street, Aspen, CO: Sold Price: $19,000,000/$2,024 sq ft furnished. More details below photos.

MLS #125909 – Aspen, Central Core, Oklahoma Flats single family home, 855 Bay Street, Aspen, CO: Sold Price: $19,000,000/$2,024 sq ft furnished; Asking Price: $22,850,000. (Original Price: $22,850,000 and 673 days on the market since 06/11/2012. This was an expired listing not listed in the MLS at the time of sale.) This is a 2001 built, 7 bedroom/8 bath/1 half bath, 9,385 sq ft single family home with 2 car garage on a 63,598 sq ft lot. Broker comments are, ” This amazing in-town European chateau, within walking distance to downtown Aspen, is on the Roaring Fork River. The 7-bedroom, 8.5 bath home features a gourmet commerical kitchen, a grand living room overlooking the river and a lovely yard, 9,385 square feet, a guest apartment and private ensuite bathrooms. Extraordinary finishes throughout include reclaimed trusses and Italian marble, stone and Venetian plaster walls.” 2013 Taxes: $33,985. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Sold Date: 04/15/2014. (Photos and broker comments courtesy of Joshua & Co.)

MLS #131426 – Aspen, West Aspen, Maroon Creek Club single family home, 331 Pfister Drive, Aspen, CO: Sold Price: $8,500,000/$973 sq ft furnished. More details below photos.

MLS #131426 – Aspen, West Aspen, Maroon Creek Club single family home, 331 Pfister Drive, Aspen, CO: Sold Price: $8,500,000/$973 sq ft furnished; Asking Price: $8,999,000. (Original Price: $9,950,000 and 398 days on the market since 06/02/2010.) This is a 2000 built/2013 remodeled, 5 bedroom/5 bath/3 half bath, 8,735 sq ft single family home with 3 car garage on a 30,248 sq ft lot. Broker comments are, “Designed & built by Richard Wax & Associates, this luxurious home has a completely new interior design – it’s gorgeous! Featuring ski-in access from Buttermilk & a location adjacent to the Maroon Creek golf course, the stylish interior includes a gourmet kitchen with all new appliances, family room with billiards table, wine room, office, media room, main level master suite, 4 gas fireplaces, vaulted ceilings, exposed wood beams, hardwood floors, central air conditioning, and ample room for entertaining. The 668 square foot three car garage includes built-in storage, & the huge back yard with a beautiful water feature provides privacy. Expansive views, multiple decks, patio, and a hot tub complete the package.” 2013 Taxes: $17,237; HOA Dues: $5,029 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/18/2014; Sold Date: 05/20/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #132123 – Aspen, Red Mountain single family home, 62 Bennett, Aspen, CO: Sold Price: $3,350,000/$701 sq ft unfurnished. More details below photos.

MLS #132123 – Aspen, Red Mountain single family home, 62 Bennett, Aspen, CO: Sold Price: $3,350,000/$701 sq ft unfurnished; Asking Price: $3,950,000. (Original Price: $5,250,000 and 1,054 days on the market since 07/01/2011.) This is a 1988 built, 5 bedroom/5 bath, 4,301 sq ft single family home with 2 car garage on a 19,048 sq ft lot. Broker comments are, “Awesome views to Aspen Mtn, Highlands, Buttermilk, Snowmass and beyond. One of the best values on Red Mountain. Large 5 bedroom family home on 3 levels. Vaulted ceilings with large south-facing windows provide plenty of natural light. Master bedroom with floor to ceiling windows framing mountain views. Master bath with jacuzzi tub & steam shower. Generous size bedrooms well separated providing privacy throughout. Bonus room/media room on lower level. Snowmelt driveway. Extensive landscaping, multiple decks, hot tub and flat lawn area make for great outdoor living.” 2013 Taxes: $7,393. Under Contract Date: 03/21/2014; Sold Date: 05/19/2014. (Photos and broker comments courtesy of Leverich & Carr.)

MLS #130158 – Aspen, Central Core, Aspen Alps condo, 700 Ute Avenue, Unit 804, Aspen, CO: Sold Price: $3,600,000/$2,043 sq ft furnished. More details below photos.

MLS #130158 – Aspen, Central Core, Aspen Alps condo, 700 Ute Avenue, Unit 804, Aspen, CO: Sold Price: $3,600,000/$2,043 sq ft furnished; Asking Price: $3,895,000. (Original Price: $4,750,000 and 685 days on the market since 01/16/2012.) This is a 1963 built/2009 remodeled, 3 bedroom/3 bath/1 half bath, 1,762 sq ft condo. Broker comments are, “Ski-in, ski-out from this stellar contemporary townhouse-style condo! Be mesmerized by the expansive mountain view, the action on the gondola plaza, or just watching the skiers go by, while enjoying the Amenities of the most service oriented complex in downtown. Aspen Alps amenities include tennis, pool. hot tub conference facility, on-site massage, work out facilities and classes, complimentary shuttle and more. Exquisitely furnished. Pets allowed owners and renters. This is the only premier rated unit in the complex. Great rental history! Two oversized ski lockers and garage parking space included. 5 minute walk to world class restaurants and shopping. Seller will entertain selling 50% for $2,000,000.” 2013 Taxes: $6,669; HOA Dues: $1,805 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/08/2014; Sold Date: 05/20/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #134271 – Aspen, West End, Aspen Villas condo, 814 W. Bleeker Street, E-6, Aspen, CO: Sold Price: $1,225,000/$871 sq ft furnished. More details below photos.

MLS #134271 – Aspen, West End, Aspen Villas condo, 814 W. Bleeker Street, E-6, Aspen, CO: Sold Price: $1,225,000/$871 sq ft furnished; Asking Price: $1,225,000. (Original Price: $1,225,000 and sold before MLS.) This is a 1972 built, 3 bedroom/2 bath, 1,406 sq ft condo. Broker comments are, “An extraordinary 3-bedroom townhome value just a few minutes from the core of Aspen. Recently renovated with new kitchen, new baths, and wood flooring and featuring additional windows and an extended patio deck privately set in the trees. Also new HVAC and roof. Adjacent assigned off-street parking. A very quiet property in one of the best locations in this West Bleeker Place neighborhood, with views through the trees of Shadow Mtn, Buttermilk and Highlands. Near bike path and easy walk to music tent or to town. Around the corner from shuttle bus stop to all ski areas.” 2013 Taxes: $2,021. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/15/2014; Sold Date: 05/15/2014. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #134275 – Aspen, Central Core, Aspen Townsite commercial, 413 E. Hyman Avenue, Aspen, CO: Sold Price: $3,400,000/$2,088 sq ft. More details below photos.

MLS #134275 – Aspen, Central Core, Aspen Townsite commercial, 413 E. Hyman Avenue, Aspen, CO: Sold Price: $3,400,000/$2,088 sq ft; Asking Price: $3,500,000. (Original Price: $3,500,000 and 97 days on the market since 02/11/2014.) This is a 1,628 sq ft commercial unit. Broker comments are, “Prime retail building, very visible retail space on the street-level. Long-term lease to national retailer: ”Crazy Shirts”. Located next to ”Finbarr’s Irish Pub”. This very special historic ”Riede’s City Bakery Building” has great expansion potential on the alley side and ceilings can be made very high throughout the retail space. This is a rare opportunity to acquire a beautiful downtown building right on Hyman Avenue Mall.” 2013 Taxes: $21,222. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/11/2014; Sold Date: 05/09/2014. (Photos and broker comments courtesy of Setterfield & Bright.)

Not in MLS: Aspen, Downtown Commercial, Seguin Building, 304 E. Hopkins (Site of Aspen Brewing Company), Sold Price: $4,250,000. Date Sold: 05/21/14. See article. (Photo courtesy of Aspen Times.)

Not in MLS: Aspen, Downtown Commercial, Seguin Building, 304 E. Hopkins (Site of Aspen Brewing Company), Sold Price: $4,250,000. Date Sold: 05/21/14. According to Pitkin County Assessor records the building is 3,108 sq ft (1,580 sf is ground level) plus “special purpose” 2,400 sq ft garden level. See article. (Photo courtesy of Aspen Times.)

MLS #134273 – Aspen, Central Core, Aspen Townsite commercial (Site of 316 Steakhouse on restaurant row), 316 E. Hopkins Avenue, Aspen, CO: Sold Price: $3,200,000/$2,469 sq ft. More details below photo.


MLS #134273 – Aspen, Central Core, Aspen Townsite commercial (Site of 316 Steakhouse on restaurant row), 316 E. Hopkins Avenue, Aspen, CO: Sold Price: $3,200,000/$2,469 sq ft; Asking Price: $3,200,000. (Original Price: $3,200,000 and 74 days on the market since 05/19/2014.) This is an 1888 built, 1,296 sq ft commercial unit. Broker comments are, “Sold before MLS.” 2013 Taxes: $22,840. See article. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/12/2014; Sold Date: 05/14/2014.

Other relatively recent Downtown Aspen commercial sales:

302 E Hopkins
* Sold April 2012
* “AG Shepard” House
* $2.8MM/$1302 sq ft plus…the cost to finish it out
* It is process of being converted to restaurant space

305 & 307 S. Mill
* (Pacifica and The Salt Restaurants
* Sold June 2012 – the ‘bottom’ of the commercial market at the time.
* $6.7MM/$947 sq ft for finished restaurant space

602 E. Hopkins
* Sold June 2012
* $6.7MM/$947 sq ft – basically undeveloped space, old, ‘tear-down’
* Could be restaurant space. New buyer intends to raise the building to create PH apt on 3 rd floor. This is a similar situation to what the ‘old’ La Cocina building was before redevelopment in the mid-2000’s

Motherlode main level commercial space
* Sold Aug 2012
* $3.2MM/$1,090 sq ft
* Street level space
* Unfinished core/shell of space.
* Restaurant NOT allowed. It will be office space for the Aspen Times. They will need to put approx. $300 sq ft in improvements into the space to finish it out.

MLS #120815 – Snowmass, Old Snowmass, Lazy O Ranch single family lot, Tbd Lazy O Road, Snowmass, CO: Sold Price: $800,000. More details below photos.

MLS #120815 – Snowmass, Old Snowmass, Lazy O Ranch single family lot, Tbd Lazy O Road, Snowmass, CO: Sold Price: $800,000; Asking Price: $850,000. (Original Price: $895,000 and 2,247 days on the market since 04/25/2011.) This is a 5.74 acre single family lot in the Lazy O Ranch subdivision. Broker comments are, ” One of the best view lots in Lazy O, with permanent vested building rights to build up to 8,250 sq. ft. Sold with complete house plans from renowned Hagman Architects. Lazy O Ranch has 1,400 acres and includes horse facilities, tennis, stocked trout ponds and on-site ranch manager. 900 acres are dedicated to wildlife preservation and 500 acres are for agricultural land. Enjoy living on a working ranch with easy access to the real world. Only 20 minutes to Aspen; 10 minutes to Basalt. Will trade for condo or other property in the area.” 2013 Taxes: $21,230; HOA Dues: $16,000 Yr. Under Contract Date: 04/21/2014; Sold Date: 05/21/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #133773 – Snowmass Village, Wildridge single family home, 744 Sinclair Road, Snowmass Village, CO: Sold Price: $1,850,000/$603 sq ft unfurnished. More details below photos.

MLS #133773 – Snowmass Village, Wildridge single family home, 744 Sinclair Road, Snowmass Village, CO: Sold Price: $1,850,000/$603 sq ft unfurnished; Asking Price: $1,995,000. (Original Price: $2,595,000 and 1,405 days on the market since 07/16/2010.) This is a 1988 built/2009 remodeled, 4 bedroom/4 bath/3 three-quarter bath/1 half bath, 3,066 sq ft single family home with 2 car garage on a 20,408 sq ft lot. Broker comments are, “Totally renovated (2009) mountain contemporary home tucked on a hillside in a spectacular setting. This home boasts some of the best views in all of Snowmass Village and offers plenty of outdoor living space. Home offers 3 bedrooms and 3 1/2 baths PLUS a detached one bedroom/one bath unit—perfect for a nanny, office, or art studio. This house is a must see.” 2013 Taxes: $5,398; HOA Dues: $90 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/17/2014; Sold Date: 05/18/2014. (Photos and broker comments courtesy of Home Waters Real Estate Group.)

MLS #132454 – Snowmass Village, Wood Run Place condo, 425 Wood Road 12, Snowmass Village, CO: Sold Price: $1,200,000/$828 sq ft furnished. More details below photos.

MLS #132454 – Snowmass Village, Wood Run Place condo, 425 Wood Road 12, Snowmass Village, CO: Sold Price: $1,200,000/$828 sq ft furnished; Asking Price: $1,295,000. (Original Price: $1,440,000 and 149 days on the market since 12/23/2013.) This is a 1983 built/2007 remodeled, 3 bedroom/3 bath, 1,448 sq ft condo with 1 car garage. Broker comments are, ” One year of free dues: Immaculate 3 bedroom, 3 bathroom ski in/out condo that has been incredibly renovated with high-end finishes through out. Top floor location with amazing views from your covered deck, one car assigned parking, heated pool, hot tub and a ski service center right on property. The 3rd bedroom is extremely spacious with 4 beds, and a flat screen T.V., perfect for the kids. Soaring ceilings, a wood burning fireplace, steam shower in the master suite and a ski room for all your gear are just a few of the features that make this property unique. It has never been rented and will remain vacant, so it is easy to show. Put this one on your list, you won’t regret it.” 2013 Taxes: $2,453; HOA Dues: $31,550 Yr. City of Aspen RETT Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/11/2014; Sold Date: 05/21/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #127549 – Snowmass Village, Country Club Villas condo, 150 Snowmass Club Circle #1636, Snowmass Village, CO: Sold Price: $651,000/$685 sq ft furnished. More details below photos.

MLS #127549 – Snowmass Village, Country Club Villas condo, 150 Snowmass Club Circle #1636, Snowmass Village, CO: Sold Price: $651,000/$685 sq ft furnished; Asking Price: $735,000. (Original Price: $885,000 and 1,424 days on the market since 06/25/2009.) This is a 1987 built/2011 remodeled, 2 bedroom/2 bath, 950 sq ft condo. Broker comments are, “Top floor unit with vaulted ceilings for a great sense of space and with the dead on Snowmass signature views of Mt. Daly and overlooking the Snowmass Golf Course. Located at end of building on top floor for added quiet and no foot traffic. Recently remodeled to Gold Premier (top) Status. Highest rated unit on the market today. New kitchen, tile floors, appliances, bathroom, showers and more. The Snowmass Club Gold Membership includes access to 13 tennis courts, 3 outdoor pools and athletic club. Great rental history. Easy bus and van service to the Two Creeks Lift.” 2013 Taxes: $1,548; HOA Dues: $2,770 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/01/2014; Sold Date: 05/15/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #131416 – Snowmass Village, Willows condo, 35 Campground Lane A5 & 6, Snowmass Village, CO: Sold Price: $500,000/$559 sq ft furnished. More details below photos.

MLS #131416 – Snowmass Village, Willows condo, 35 Campground Lane A5 & 6, Snowmass Village, CO: Sold Price: $500,000/$559 sq ft furnished; Asking Price: $575,000. (Original Price: $1,150,000 and 2,103 days on the market since 08/19/2008.) This is a 1967 built, 2 bedroom/2 bath, 894 sq ft condo. Broker comments are, “This condominium is perfectly located between the Base Village and Snowmass Village Mall as well as being only steps to the Snowmass Ski Area. Imagine the top floor, corner location with the highest end finishes available. You will find no better location, floor-plan or interior appointments than in this Willows 2 bedroom/2 bath condominium.” 2013 Taxes: $1,821; HOA Dues: 2,869 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/02/2014; Sold Date: 05/23/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

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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 at970.309.6163 or by email. The Estin Report is copyrighted 2014 and all rights reserved. Use is permitted subject to the following attribution with link to the source: “The Estin Report on the Aspen real estate market”

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