Scroll down page past the 2Q/1H 2012 State of the Aspen Market report for last week’s market activity

Tim Estin is a leading Aspen broker with Coldwell Banker Mason Morse located in the center of downtown. This blog, Tim Estin’s www.AspenRealEstateBlog.com, is released Monday mornings and sometimes in-between. The Estin Reports are released as monthly snapshots, quarterly & semi-annually, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, it’s here..

The Estin Report: 2nd Quarter/1st Half 2012 State of the Aspen Market to be released 07/16/12

Pg 15: Historical Aspen Performance and Aspen Avg $/Sq FT

Last Week’s Market Activiy – Aspen Snowmass real estate weekly sales statistics and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 in the upper Roaring Fork Valley excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (7): MLS #: 124796, 124621, 121865, 125875, 126351, 124961, 125583. This link is valid for 30 days until 08/15/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (9): MLS #: 121405, 123511, 118304, 108523, 124650, 121254, 125022, 110129 . This link is valid for 30 days until 08/15/2012.

Aspen Snowmass Solds Last Week

MLS #121405 – Aspen, West Aspen, West Meadow single family home, 1270 Mountain View, Aspen, CO: Sold Price: $2,625,000/$681 sq ft partially furnished. More details below photos.

MLS #121405 – Aspen, West Aspen, West Meadow single family home, 1270 Mountain View, Aspen, CO: Sold Price: $2,625,000/$681 sq ft partially furnished; Asking Price: $2,995,000. (Original Price: $3,800,000 and 656 days on the market since 08/12/2009.) This is a beautiful 1991 built/2008 remodeled, 5 bedroom/5 bath/1 half bath single family home with 2 car garage on 0.37 acres. Broker comments are, “Best Design, most immaculate house and arguable on e of the best buys in Aspen. This renovated home in 02 and 08 has no below grade space. A/C, 2 fireplaces, high ceilings, 2 car garage, spa and lovely grounds. This home is immaculate and furnishings are available by negotiation.” 2011 Taxes: $8,125. Under Contract Date: 10/04/2011; Sold Date: 05/29/2012. (Photos and broker comments courtesy of Stirling Homes.)

MLS 123511 – Aspen, Central Core, Gant condo, 610 S. West End Street, Unit C-304 (rare 4 Bedrm unit, Aspen, CO: Sold Price: $1,625,000/$1,022 sq ft furnished. More details below photos.

MLS 123511 – Aspen, Central Core, Gant condo, 610 S. West End Street, Unit C-304 (rare 4 Bdrm unit) Aspen, CO: Sold Price: $1,625,000/$1,022 sq ft furnished; Asking Price: $1,700,000. (Original Price: $1,700,000 and 222 days on the market since 12/01/2011.) This is a 1972 built/2011 remodeled, very rare 4 bedroom/3 bath, 1,590 sq ft condo. Broker comments are, “Rarely available split-level, top floor full amenities, Gant Complex condo with approximately 1,600 sq ft of living space, recently renovated kitchen, vaulted ceilings, wood-burning fireplace, separate entrances on upper & lower levels, ample living & dining room areas, up close mountain views, private balcony, & a convenient location just 3 blocks from the Silver Queen gondola. Enjoy the comforts of home & the unparalleled services of this premier condominium complex, including valet & bell service, personalized concierge, child care, daily housekeeping, fitness center, two year-round heated outdoor pools, three spa tubs, five tennis courts, access to the Aspen Club & Spa, ski storage & tuning, high-speed wireless internet access, business/conference center, & complimentary in-town transportation.” 2011 Taxes: $5,969; HOA Dues: $33,052. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/28/2012; Sold Date: 07/10/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #118304 – Aspen, Central Core, Gant condo, 610 West End, Unit H201, Aspen, CO: Sold Price: $1,101,000/$1,045 sq ft furnished. More details below photos.

MLS #118304 – Aspen, Central Core, Gant condo, 610 West End, Unit H201, Aspen, CO: Sold Price: $1,101,000/$1,045 sq ft furnished; Asking Price: $1,295,000. (Original Price: $1,595,000 and 1,051 days on the market since 02/10/2009.) In first half 2005, units similar to this were selling in the $975,000 – $1M range. This is a 1972 built, 2 bedroom/2 bath, 965 sq ft condo. Broker comments are, “The Gant is Aspen’s Premier Condominium Resort;a private oasis just a short walk from the gondola,shops,restaurants and nightlife. First class concierge service, proven management, free shuttle, internet service, 2 Pools, Hot Tubs, 5 Tennis Courts,Clubhouse Conference Center with a Fitness Center. This recently upgraded 2 bdrm/2 bath end unit in the perfect location with great unobstructed views to Aspen Mountain and the gondola… giving it an excellent rental record. Additional features include new berber carpeting, wood trim with paneled doors,stone-tile floors, warm granite countertops in the kitchen and bathrooms, a striking molded fireplace mantle,washer/dryer in the unit and large flat screen TVs in every room.” 2011 Taxes: $3,388; HOA Dues: $18,960 Yr. City of Aspen RETT Transfer Tax of 1.5% payable by buyer. Under Contract Date: 05/14/2012; Sold Date: 07/10/2012. (Photos and broker comments courtesy of Stirling Homes.)

MLS #108523 – Aspen, Central Core, Chateau Roaring Fork condo, 1039 E. Cooper Avenue, Unit 27-A, Aspen, CO: Sold Price: $850,000/$894 sq ft furnished. More details below photos.

MLS #108523 – Aspen, Central Core, Chateau Roaring Fork condo, 1039 E. Cooper Avenue, Unit 27-A, Aspen, CO: Sold Price: $850,000/$894 sq ft furnished; Asking Price: $1,050,000. (Original Price: $1,975,000 and 1,316 days on the market since 11/24/2008.) This is a 1969 built, 2 bedroom/2 bath, 950 sq ft condo. Broker comments are, “The premier location in the Chateau Roaring Fork. This 2-bedroom/2-bath, 950 sq. ft. apartment is the southeast corner, river-level unit, with a private deck overlooking the Roaring Fork River. Spectacular upstream river view with mountain vistas. Excellent rental complex complete with pool, Jacuzzi, conference room and shuttle.” 2011 Taxes: $2,839; HOA Dues: $2,199 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/17/2012; Sold Date: 07/02/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #121254 – Aspen, Smuggler, Park Circle condo, 409 Park Circle #3, Aspen, CO: Sold Price: $720,000/$437 sq ft partially furnished. More details below photos.

MLS #121254 – Aspen, Smuggler, Park Circle condo, 409 Park Circle #3, Aspen, CO: Sold Price: $720,000/$437 sq ft partially furnished; Asking Price: $800,000. (Original Price: $1,700,000 and 1,412 days on the market since 06/03/2009.) This is a 1975 built/2010 remodeled, 3 bedroom/3 bath, 1,646 sq ft condo. Broker comments are, “Motivated seller. Remodeled and rented as 2 seperate units for a total of $4,100 / month. Live in one unit and rent the other. 3 levels – 3 bedrooms 3 bathrooms. Brand new kitchen, bathroom and hardwood floors. California closets and 2 washer / dryer sets. Sunny & south facing with a gas stove. Pets allowed owner and tenant.

MLS #124650 – Aspen, Central Core, Ute Condos condo, 1020 East Durant Avenue, Unit 303, Aspen, CO: Bank Sale – Sold Price: $635,000/$780 sq ft unfurnished. More details below photo.

MLS #124650 – Aspen, Central Core, Ute Condos condo, 1020 East Durant Avenue, Unit 303, Aspen, CO: Bank Sale – Sold Price: $635,000/$780 sq ft unfurnished; Asking Price: $675,000. (Original Price: $1,250,000 and 1,018 days on the market since 08/30/2010.) This is a 1970 built/2006 remodeled, 2 bedroom/2 bath, 814 sq ft condo with interior location and limited views. 2011 Taxes: $2,032; HOA Dues: $2,273 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/23/2012; Sold Date: 07/06/2012. (Photo courtesy of Leverich & Carr RE)

SOLD AT AUCTION: Woody Creek single family home, 1314 Woody Creek Road, Woody Creek, CO: Sold Price: $3,300,000/$588 sq ft furnished. More details below photos.

SOLD AT AUCTION: Woody Creek single family home, 1314 Woody Creek Road, Woody Creek, CO: Sold Price: $3,300,000/$588 sq ft furnished. (Original Price: $6,750,000 and 424 days on the market since 05/13/2011.) This is a 2008 built, 4 bedroom/4 bath/1 half bath, 5,604 sq ft single family home with 2 car garage and 1,846 sq ft barn on 32 acres. Broker comments are, “Beautiful Stream Front House & Barn. Offered fully furnished. 5604 sq. ft. Wood, Stone & Glass. Sunny East-West Valley. 9 Miles to Aspen. Easy Access. Mountain Views. Private & Quiet. Agriculture (2,800 +/- Spruce Trees). Allows for Low Taxes. Excellent Water Rights & Big Gun Irrigation. 1848 sq. ft. Barn/Shop.” 2011 Taxes: $7,401. Sold Date: 07/10/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #125022 – Old Snowmass, Lazy O Ranch single family home, 2400 Lazy O Road, Snowmass, CO: Sold Price: $3,000,000/$502 sq ft furnished. More details below photos.

MLS #125022 – Old Snowmass, Lazy O Ranch single family home, 2400 Lazy O Road, Snowmass, CO: Sold Price: $3,000,000/$502 sq ft furnished; Asking Price: $3,400,000. (Original Price: $5,250,000 and 819 days on the market since 04/21/2010.) This is a 2007 built, 4 bedroom/4 bath/1 half bath, 5,976 sq ft single family home with 3 car garage on 5.03 acres. Broker comments are, “Rarely does an opportunity exist to own a timless designed,great family home at this price point!With a 1,500 acre common area,horse pastures,barns,three stocked trout ponds,an on-site ranch manager and tennis courts,recreation opportunities abound. Located at the top of Lazy O there will never be another home built above this one. Great grounds and indoor outdoor living. Compare this home to others and see what your client will recieve for $569/square foot.” 2011 Taxes: $7,008; HOA Dues: $12,00 Yr. Under Contract Date: 06/08/2012; Sold Date: 07/12/2012. (Photos and broker comments courtesy of Shane Aspen Real Estate.)

MLS #110129 – Old Snowmass, Samuelson Subdivision single family home, 70 River Bend Road, Snowmass, CO: Sold Price: $1,624,000/$330 sq ft unfurnished. More details below photos.

MLS #110129 – Old Snowmass, Samuelson Subdivision single family home, 70 River Bend Road, Snowmass, CO: Bank Short Sale – Sold Price: $1,624,000/$330 sq ft unfurnished; Asking Price: $1,895,000. (Original Price: $3,995,000 and 1,209 days on the market since 03/22/2009.) This is a bank approved short sale of a 2005 built, 4 bedroom/3 bath/1 half bath, 4,060 sq ft single family home with 3 car garage on 0.56 acres. Broker comments are, “Stunning four bedroom home situated on a half acre lot on the banks of the Roaring Fork River. Mountain elegant design with the highest level of finishes throughout. Just 15 minutes from Aspen and two minutes from the Roaring Fork Club.” 2011 Taxes: $9,317; HOA Dues: $250 +/- Yr. Under Contract Date: 06/22/2012; Sold Date: 07/06/2012. (Photos and broker comments courtesy of Whitman Fine Properties.)

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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 at 970.920.7387 or Email him. The Estin Report is copyrighted 2012 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Real Estate Market, By Aspen broker Tim Estin, mba, gri.”

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