Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen opposite Little Annie’s Restaurant. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll down to bottom of this page and search by date or topic. Search this site by Aspen and Snowmass topic in SearchEstinAspen.com in the menu bar. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds.

Link to The Estin Report: 2010 Full Year Aspen Snowmass Real Estate

Since Jan 31st, there have been (6) big money Aspen real estate transactions over $14MM: Five (5) of these have occurred in the past two weeks with (3) closings and (2) going under contract; an Old Snowmass 200+ acre ranch went under contract on 2/18 with an ask price of $14MM; the sixth sale was Sony record impresario Tommy Mottola’s Aspen Wildcat Ranch which sold at the end of January for $17,750,000. Read the 2/19/11 Aspen Real estate Market Update with two important Estin Report Aspen trend graphs, MLS property links and photos & descriptions to these (6) properties.

Last Week’s Market Highlights – Aspen and Snowmass Real Estate Sales and Under Contract Activity: Last Week’s Aspen and Snowmass Real Estate Sales and Under Contract Activity: Last week’s real estate sales activity appears below for the upper Roaring Fork Valley for all property types over $250,000 excluding fractionals in Aspen, Snowmass Village, Woody Creek and Old Snowmass (although Residences at Little Nell and Dancing Bear are included due to their higher fractional price points). Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted on Tim’s website to preserve an archive of sold market activity.

Spreadsheet Summary
of Last Week’s Aspen Real Estate Sales and under contract activity, see The Estin Report: Aspen Snowmass Weekly Sales and Statistics, Feb. 20 – 27, 2011

Closed (5): MLS# 119881, 118952, 116696, 119036, 118556. This link is valid for 30 days until 3/29/11.

MLS# 116696 – 1560 Tiehack Road Aspen, CO: Sold Price: $13,000,000./$1,154 sq ft; Original and Ask Price: $17,500,000./$1,553 sq ft. and 261 days on the market since June 7, 2010.This is a brand new 2010 built, 11,269 sq ft home with 5 bedrooms/8 baths /3 half baths, on 4.5 hillside acres, with 700 sq ft garage. It was sold fully furnished. The listing broker comments are, “Serenity awaits at Richard Wax & Associates’ newest estate at the gated enclave of Pyramid Point Estates. Enjoy the solitude of 4.5 acres, gain inspiration from the stunning mountain views of Aspen Highlands & Pyramid Peak, and relax in the luxurious residence where no detail has been overlooked. The highlights of the endless list of amenities include a European gourmet kitchen, master suite w/private patio & built-in hot tub that overlooks a waterfall, gorgeous theater with 100’ screen, game room with bar, office or 6th bedroom, 1700 bottle wine room, indoor heated swimming pool, indoor basketball court, elevator to all 4 levels, multiple gas fireplaces, & 2500 sq ft of flagstone deck & patio. Spectacular & meticulously crafted.” 2010 Taxes: $12,973 Yr; HOA Dues: $4,910 Yr. Transfer tax of approx. 1.5 % was applied to buyer for purchase of the property. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty).

MLS# 118556 – 936 E Hopkins Avenue #East, Aspen, CO:
Sold Price: $3,742,300/$1,313 sq ft; Original and Ask Price: $3,899,000/$1,368 sq ft. and on the market for 127 days since 10/21/10. This is a 1998 built downtown Aspen Townhome with views of Aspen Mtn on one side and the Roaring Fork River on the other. It is 4 bedrooms/4.5 baths with a 440 sf garage and was sold furnished. The broker writes, “Dramatic views of Aspen Mountain in front, Roaring Fork riverfront in back. Quality stone, granite & wood finishes. This 4 bedroom 4.5 bathroom townhome/half duplex shows beautifully and is offered turn-key. Excellent location, walk to shops & restaurants. Security system, 2 car garage, 4 gas fireplaces, dumbwaiter, air-conditioned, maple flooring, and hot tub. Aspen elegance for a great price.” 2009 Taxes: $9,409 Yr; HOA Dues: $10,000+/- Yr. City of Aspen RETT Transfer Tax of 1.5% applies to the buyer. (Photos and description courtesy of Frias Properties of Aspen).

MLS# 118952 – 135 Carriage Way #8 Snowmass Village, CO
: Sold Price: $625,000/$669. sq ft; Ask Price: $755,000/$808 sq ft. (Original Price: $1,295,000 and on the market for 722 days since 01/16/2009.) This is a 2 bedroom/2 bath, 934 sq ft condo remodeled in 2008 with one assigned parking space.Broker comments are, “Completely remodeled with top of the line appliances and high end finishes. You need to see this Tamarack! Located near the pool and steps away from skiing at the base of Fanny Hill.” 2010 Taxes: $1,983 Yr; HOA Dues: N/A. Town of Snowmass Transfer Tax of approximately 1% payable by buyer. (Photos and description courtesy of BJ Adams and Company).

MLS# 119036 – 835 E. Hyman #A, Aspen, CO: Sold Price: $650,001/$703. sq ft; Ask Price: $649,900/$703 sq ft. Original Price: $789,900 and on the market for 149 days since 09/28/10. This is a bank sale. The unit is a 2 bedroom/2 bath, 950 sq ft condo in the heart of downtown. The listing broker writes, “Aspen’s best opportunity for a 2-bed 2-bath condo! 4-Blocks to the Gondola and walking distance to Downtown Aspen. Updated kitchen and appliances, and flooring. Property includes an eat-in kitchen area, bar, and large living room with a fireplace. Washer and Dryer hookup available inside unit. Property features one assigned parking space.” 2009 Taxes: $2,079 Yr: HOA Dues: $1,245 Qtr. City of Aspen RETT Transfer Tax of 1.5% applies to buyer. (Photos and description courtesy of Merritt Group).

MLS# 119881 – Meadow Ranch subdivision, 170 Meadow Dr Unit C-2, Snowmass Village, CO: Sold and Ask Price: $1,050,000/$531 sq ft. This is a 4 bedroom/3 bath, 1,973 sq ft condo remodeled in 2007.Broker comments, “Sold before MLS. Beautifully renovated property, Hardwood Floors, Extensive use of stone, Gourmet kitchen, Spa. Property was taken as part consideration for a larger, more expensive home in Snowmass.” 2009 Taxes: $4,242 Yr; HOA Dues: $330 month. Town of Snowmass transfer tax of approx. 1% payable by buyer.(Photos and description courtesy of BJ Adams and Company).

Under Contract / Pending (8): MLS# 117026, 119881, 106889, 119195, 116788, 111657, 113248, 119703, 117472. Link is valid for 30 days until 3/29/11. Photos and descriptions of under contract properties are not posted unless special circumstances dictate.

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s Aspen Real Estate Blog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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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 by email.The Estin Report is copyrighted 2011 and all rights reserved.. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com”