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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.
The under contract activity in the past three weeks, with (18) last week, (19) two weeks ago and (20) this past week, is off the charts. Sales activity has even spread to beautiful Old Snowmass where there was a $5M closing two weeks ago and a Sopris Mountain Ranch home listed at $2.5M went under contract last week. Old Snowmass has not seen higher-end activity in the past 2-3 years (other than lower end Little Elk Creek with highly motivated sales).
The Estin Report: 2nd Quarter / 1st Half 2014 State of the Aspen Real Estate Market was released online in Current Reports on July 18, 2014. The print edition is available in racks around town and my office at 300 S. Spring St across from the new Aspen Art Museum.
Q2 / H1 2014 Aspen Snowmass Real Estate Market Direction Pg 9 Chart
The Estin Report: June 2014 Aspen Snowmass Market Snapshot was released in Current Reports 07/06/14:
Click image for June 2014 Aspen Real Estate Market Snapshot pdf in Current Reports
Market Activity Week 29, July 20 – July 27, 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 (4): MLS #s: 132417, 134481, 132313, 132841. This link is valid until 8/27/2014.
Under Contract / Pending (18): MLS #s: 132461, 135163, 135168, 135170, 132441, 133825, 132933, 128367, 134734/134735, 131564, 121947 121937, 125779, 132091, 132217, 135343, 132544, 134661, 135324. This link is valid until 8/27/2014.
Aspen Snowmass Solds Last Week:
MLS #132417 – Aspen, West End duplex, 603 W. North Street, Aspen, CO: Sold Price: $5,000,000/$1,315 sq ft partially furnished. More details below photos.
MLS #132417 – Aspen, West End duplex, 603 W. North Street, Aspen, CO: Sold Price: $5,000,000/$1,315 sq ft partially furnished; Asking Price: $5,250,000. (Original Price: $5,495,000 and 232 days on the market since 12/18/2013.) This is a 1982 built/2013 spec remodel, 4 bedroom/4 bath, 3,800 sq ft duplex with 2 car garage on a 9,000 sq ft lot. The property transferred on 04/02/13 for $2.9M. This is one of the early flip jobs, of many to come I believe, in this new housing cycle. Broker comments are, “Outstanding, completely remodeled 4 bedroom, 4 bath, 3,800 sq ft, 1/2 duplex located in the quiet side of Aspen’s West End. Completed in December, 2013, featuring elegant finishes, sleek granite countertops, cherry kitchen cabinets, wire brushed gregio pine bathroom cabinets, white oak flooring, large spaces and floor to ceiling windows. Enjoy the crisp mountain air from the newly remodeled and private, fenced-in patio or 2nd story balcony. Additional features include an oversized 2-car garage, key pad lighting, and brand new HVAC with central air conditioning and forced air heat. Enjoy the serenity of the West End while being a mere few blocks from the action in downtown Aspen.” 2013 Taxes: $7,322. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/15/2014; Sold Date: 07/25/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)
MLS #134481 – Aspen, West End single family home, 616 W. Main Street, Aspen, CO: Sold Price: $1,020,000/$1,114 sq ft unfurnished. More details below photos.
MLS #134481 – Aspen, West End single family home, 616 W. Main Street, Aspen, CO: Sold Price: $1,020,000/$1,114 sq ft unfurnished; Asking Price: $1,050,000. (Original Price: $1,099,000 and 535 days on the market since 01/30/2013.) This is an 1891 built/2006 remodeled, 2 bedroom/1 bath, 915 sq ft single family home. Excellent live-work situation but no off-street parking. Broker comments are, “Offering flexible mixed used zoning to allow use as a residence, business or combination of both, this tastefully appointed historic Victorian represents the quintessential Aspen. This property is perfectly situated on Aspen’s Main Street for easy access to the downtown core and to West End landmarks like the Music Tent, Harris Hall, the Physics Institute and the Aspen Meadows. Featuring vaulted ceilings and skylights to bring in abundant light, this property is perfect as a home or office. There is the potential to dig a basement and add below grade square footage.” 2013 Taxes: $1,820. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/06/2014; Sold Date: 07/21/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)
MLS #132313 – Aspen, Central Core, Chatelet condo, 250 S. Original, Unit B, Aspen, CO: Bank REO Sale. Sold Price: $717,500/$564 sq ft. More details below photos.
MLS #132313 – Aspen, Central Core, Chatelet condo, 250 S. Original, Unit B, Aspen, CO: Bank REO Sale. Sold Price: $717,500/$564 sq ft; Asking Price: $750,000. (Original Price: $1,145,000 and 776 days on the market since 02/16/2010.) This property has been on/off the market for the past 5 years. It was finally taken back by its lender and offered as a bank sale late 2013. It went under contract in Jan. 2014 with multiple bids to finally close now. This was a best buy (BB) for a number of reasons, and one of the last BB’s. This is a 1965 built/2009 remodeled, 2 bedroom/2 bath, 1,270 sq ft condo (of which approx. 400 sq ft is sub grade, storage space). Broker comments are, “Great opportunity, south facing unit you can walk to all Aspen has to offer plus the Gondola. Use for your pleasure or rent short or long term. 2 bedrooms two baths, updated kitchen and baths, spacious deck view of Ajax Mountain.” 2013 Taxes: $2,308; HOA Dues: $1,010 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/08/2014; Sold Date: 07/23/2014. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)
MLS #132841 – Aspen, West Aspen, AABC commercial, 309 Pacific Avenue, Unit L, Aspen, CO: Sold Price: $255,000/$356 sq ft. More details below photos.
MLS #132841 – Aspen, West Aspen, AABC commercial, 309 Pacific Avenue, Unit L, Aspen, CO: Sold Price: $255,000/$356 sq ft; Asking Price: $295,000. (Original Price: $349,900 and 238 days on the market since 05/19/2011.) This is a 1970 built, 715 sq ft commercial space located in the Aspen Airport Business Center. Broker comments are, “State of the art, beautifully remodeled office space at the Airport Business Center. Granite counter tops in the kitchenette area, bathroom and front desk, air conditioning, Sub-Zero Refrigerator/Freezer/Ice Maker, GE Microwave, Antique Distressed Wood Flooring, Faux Plaster Walls and Alder Doors/Millwork/Cabinetry. New roof was installed in 2008. A great opportunity to own your own space. Includes 2 assigned parking spaces.” 2013 Taxes: $3,032; HOA Dues: $806. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/23/2014; Sold Date: 07/23/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)
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Disclaimer: The statements made in The Estin Report and on 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 2014 and all rights reserved. Use is permitted subject to the following attribution with an active link to the source: “The Estin Report on the Aspen real estate.”