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.

Future Activity: (111) under contracts in past eight weeks versus (76) under contracts the same period last year, +46%, is significant. Under contract activity is indicative of future performance as most of these properties are scheduled to close in approximately 14 – 45 days.

2014 July vs 2013 July Under Contract Activity

July 2014: (62) under contract/ pending Jul 1-31, 2014 This link is valid until 8/31/2014.

% Chg = +100%

July 2013: (31) under contract/ pending Jul 1-31, 2013 This link is valid until 9/1/2014.

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

Market Activity Week 33, August 17 – 24, 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 (6): MLS #s: 128818, 125779, 128818, 134762, 135324, 132324. This link is valid until 9/24/2014.

Under Contract / Pending (14): MLS #s:135726, 135485, 128461, 135787, 133128, 122416/122778, 131367, 134203, 135048, 133389, 135159, 130582, 130053, 134924. This link is valid until 9/17/2014.

Aspen Snowmass Solds Last Week:

MLS #128818 – Aspen, East Aspen, Riverside single family home (teardown lot sale), 1208 E. Hopkins Avenue, Aspen, CO: Sold Price: $1,800,000. More details below photos.

MLS #128818 – Aspen, East Aspen, Riverside single family home (teardown lot sale), 1208 E. Hopkins Avenue, Aspen, CO: Sold Price: $1,800,000; Asking Price: $2,400,000. (Original Price: $3,250,000 and 547 days on the market since 02/26/2013.) This is a 5,625 sq ft single family lot in East Aspen. This property is on E. Cooper/Hwy 82 just east of the Roaring Fork River bridge and on the north side of the street along the well traveled road. Broker comments are, “Single Family Development Opportunity just East of Aspen Core in fast-developing high-end neighborhood. Long-time owner on flat, south-facing lot. An existing, very-dated dwelling on property, but being marketed as vacant lot. Below grade est. approx. 1700+ sq.ft. Possible City TDR and ADU. Call Listing Broker. FAR calculated with 500 sq ft garage.” 2013 Taxes: $7,210. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/15/2014; Sold Date: 08/21/2014. (Photos and broker comments courtesy of Quist Real Estate.)

MLS #125779 – Aspen, 210 Cooper condo, 201 E. Cooper Avenue 1-A, Aspen, CO: Sold Price: $1,350,000/$1,384 sq ft furnished. More details below photos.

MLS #125779 – Aspen, 210 Cooper condo, 201 E. Cooper Avenue 1-A, Aspen, CO: Sold Price: $1,350,000/$1,384 sq ft furnished; Asking Price: $1,410,000. (Original Price: $1,410,000 and 809 days on the market since 06/04/2012.) This is a 1965 built/2007 remodeled, 2 bedroom/2 bath, 975 sq ft condo. Broker comments are, “Located in the heart of Aspen near Wagner Park, a few blocks from the restaurants, shops and the Gondola. Fully remodeled in 2007 with granite and marble countertops, walnut floors, alder cabinets, custom built-ins and high end fixtures and appliances. Ground floor unit with easy access and underground parking. End unit with windows on 3 sides and views of Aspen Mtn and Red Mtn.” 2013 Taxes: $2,554; HOA Dues: $1,605 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/20/2014; Sold Date: 08/19/2014. (Photos and broker comments courtesy of Setterfield & Bright.)

MLS #127187 – Aspen, Brush Creek Village single family home (teardown lot sale), 295 Upper Ranch Road, Aspen, CO: Sold Price: $1,800,000/$357 sq ft unfurnished. More details below photos.

MLS #127187 – Aspen, Brush Creek Village single family home (teardown lot sale), 295 Upper Ranch Road, Aspen, CO: Sold Price: $650,000/$357 sq ft unfurnished; Asking Price: $650,000. (Original Price: $825,000 and 707 days on the market since 09/14/2014.) This is a 1978 built, 3 bedroom/2 bath, 1,816 sq ft single family home on a 90,605 sq ft, almost 2 acre, lot. Broker comments are, “With beautiful views overlooking the upper Roaring Fork Valley, this private mountain cottage is surrounded by natural mature oaks and pines. Located in the Aspen school district, close to Snowmass Ski area and accessible to all Aspen has to offer. An outstanding opportunity for your first home. This sale is contingent upon Seller finding and closing a replacement property.” 2013 Taxes: $1,978; HOA Dues: $350 Qtr. Under Contract Date: 06/18/2014; Sold Date: 08/18/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #134762 – Aspen, Brush Creek Village single family home, 72 Red Tail Lane, Aspen, CO: Sold Price: $1,950,000/$512 sq ft unfurnished. More details below photos.

MLS #134762 – Aspen, Brush Creek Village single family home, 72 Red Tail Lane, Aspen, CO: Sold Price: $1,950,000/$512 sq ft unfurnished; Asking Price: $1,995,000. (Original Price: $2,695,000 and 782 days on the market since 07/27/2012.) This is a 1995 built/2005 remodeled, 4 bedroom/4 bath/1 half bath, 3,803 sq ft single family home with 2 car garage on an 87,120 sq ft lot. Broker comments are, “With a level of finishes and eye for style and quality usually reserved for Red Mountain, this Brush Creek home is a must see. It’s location maximizes the views from every room. There is attention to detail everywhere. The posh country kitchen boasts the finest appliances from the two sub zero refrigerators to the Viking range to the fine granite countertops. Furniture package is negotiable minus some exclusions. In the Aspen School District.” 2013 Taxes: $7,830; HOA Dues: $50 Yr. Under Contract Date: 06/29/2014; Sold Date: 08/13/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #135324 – Snowmass Village, Country Club single family home, 500 Fairway Drive, Snowmass Village, CO: Sold Price: $1,990,000/$705 sq ft. More details below photos.

MLS #135324 – Snowmass Village, Country Club single family home, 500 Fairway Drive, Snowmass Village, CO: Sold Price: $1,990,000/$705 sq ft; Asking Price: $1,995,000. (Original Price: $1,995,000 and 36 days on the market since 07/16/2014.) This is a 1987 built, 3 bedroom/3 bath/1 half bath, 2,822 sq ft single family home with 2 car garage on a 8,712 sq ft lot. Broker comments are, “Be a part of the Fairway Drive golf course neighborhood! A super family home. Easy walk the Snowmass Club by paved path just steps from the front door. Two Creeks is right at the top of the street. Cross country skiing right out your door. Gorgeous gardens surround the home with many private enclaves including a calming stone water feature on the upper garden patio. Open floor plan with abundant floor to ceiling windows take in the views of the surrounding mountains and golf course. New roof. New Trex deck. 947 extra bonus space above grade on lower level. Floor to ceiling custom lichenrock fireplace. 3 bedrooms, plus den, plus large office. Ample off street parking.” 2013 Taxes: $2,352; HOA Dues: $80 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/22/2014; Sold Date: 08/21/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #132644 – Snowmass Village, Woodbridge condo, 35 Upper Woodbridge 3-Ab, Snowmass Village, CO: Sold Price: $360,000/$395 sq ft furnished. More details below photos.


MLS #132644 – Snowmass Village, Woodbridge condo, 35 Upper Woodbridge 3-Ab, Snowmass Village, CO: Sold Price: $360,000/$395 sq ft furnished; Asking Price: $399,000. (Original Price: $435,000 and 218 days on the market since 01/17/2014.) This is a 1973 built/2012 remodeled, 2 bedroom/2 bath, 910 sq ft condo. “Snowmass Mountain views from this convenient Woodbridge condo, located on the Shuttle Route. Recently remodeled kitchen, bathrooms and floors.” 2013 Taxes: $1,175; HOA Dues: $2,300. Town of Snowmass Village Real Estate Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/18/2014; Sold Date: 08/18/2014. (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 Aspen real estate.”

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