The Estin Report: 1st Quarter and Spring 2014 State of the Aspen Market and the Estin Report: May 2014 Monthly Market Snapshot of Aspen Snowmass Real Estate werereleased Wed June 4, 14, 2014 in the current reports section. The monthly snapshots are released on or near the 1st Monday of each month.
A recent 5/13/14 news article on strengthening Aspen property sales cited Jan-April 2014 Estin Report stats.
Last week’s Aspen and Snowmass sales activity appears below. Scroll down the 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 May 2014 Aspen Real Estate Market Snapshot pdf in Current Reports
Market Activity Week 26, June 22 – June 29, 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 (3): MLS #’s: 131930, 133364, 128847. This link is valid until 7/29/2014.
Under Contract / Pending (7): MLS #’s: 131841, 130362, 134608, 133315, 127779, 122607, 133694. This link is valid until 7/29/2014.
Aspen Snowmass Solds Last Week
MLS #131930 – Aspen, Smuggler, River Bluff Townhouse, 155 Lone Pine Road Unit 1, Aspen, CO: Sold Price: $2,162,500/$863 sq ft furnished. More details below photos.
MLS #131930 – Aspen, Smuggler, River Bluff Townhouse, 155 Lone Pine Road Unit 1, Aspen, CO: Sold Price: $2,162,500/$863 sq ft furnished; Asking Price: $2,495,000. (Original Price: $4,250,000 and 1,442 days on the market since 06/25/2010.) This is a 1980 built/1996 remodeled, 4 bedroom/4 3/4 bath, 2,505 sq ft townhouse with 2 car garage. Broker comments are, “Expansive Aspen Mtn views. Fabulous location-walk to town and Rio Grande trail. On bus route. End unit with vaulted ceilings and direct views of Aspen Mtn. Largest unit in complex. New water heater, new boiler and new snow melt in the entry outside. Two car garage. AC in bedrooms. Short or long term rent. Dogs allowed. Patio for grilling/entertaining. See docs for floor plan and sq footage and remodel estimate from Joe McGuire Design.” 2013 Taxes: $7,382; HOA Dues: $1,500 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/04/2014; Sold Date: 06/04/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)
MLS #133364 – Aspen, Central Core, Obermeyer Place commercial, 601 Rio Grande Place 117, Aspen, CO: Sold Price: $645,000/$411 sq ft. More details below photos.
MLS #133364 – Aspen, Central Core, Obermeyer Place commercial, 601 Rio Grande Place 117, Aspen, CO: Sold Price: $645,000/$411 sq ft; Asking Price: $785,000. (Original Price: $785,000 and 465 days on the market since 08/14/2012.) This is a 2006 built, 1,567 square foot commercial unit in downtown Aspen. Broker comments are, “Light and bright commercial condominium space in Obermeyer Place. A total of 1,567 square feet all on the street level and one parking spaces is included. Easy access within the complex and close to the downtown core. The space is currently divided into two units allowing for rental income while you use the other half. Great workshop/service use space at a great price. Time to stop paying rent.” 2013 Taxes: $7,345; HOA Dues: $9,299. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/12/2014; Sold Date: 06/25/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)
MLS #128847 – Snowmass Village, Wood Run Place condo, 425 Wood Road, Unit 36, Snowmass Village, CO: Sold Price: $650,000/$567 sq ft furnished. More details below photos.
MLS #128847 – Snowmass Village, Wood Run Place condo, 425 Wood Road, Unit 36, Snowmass Village, CO: Sold Price: $650,000/$567 sq ft furnished; Asking Price: $795,000. (Original Price: $849,000 and 483 days on the market since 02/28/2013.) This is a 1983 built, 2 bedroom/2 bath/1 half bath, 1,145 sq ft condo. Broker comments are, ” One of the most exceptional ski-in/out locations at the Woodrun Place. Located on two levels, this 2 bedroom, 2 ½ bath lays out like a townhouse and faces west for a sunset view over the Snowmass ski slopes. Woodrun Place owners enjoy private shuttle service, heated pool, hot tub spa, front desk and bellman service. This condominium comes with a private underground parking space. Great rental property. This is for the second homeowner that is looking for the most convenient and luxurious vacation home.” 2013 Taxes; $2,462; HOA Dues: TBD. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/03/2014; Sold Date: 06/27/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)
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Disclaimer: The statements made in The Estin Report and on 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 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”