The Estin Report: Dec 2015 and Jan 2016 Aspen Snowmass Real Estate Market Snapshots were posted 2/9/16 inCurrent Reports.The Monthly Snapshots are released on or near the 1st Monday of the month.
See recent Before/After redevelopment‘flip job’ examplesin Miscellaneous Info at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (02/16/16) as additional re-sale properties come on the market at significantly higher prices.
Last week’s Aspen and Snowmass sales activity appears below. Scroll down the page for photos and details of weekly sales 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 to 2008. Or useSearchEstinAspenin the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen real estate, the information should be here.
Market Activity Week 7, February 14 – 21, 2016
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:142728, 140504, 139257, 135242.This link is valid until 3/22/2016.
Under Contract/Pending (4):MLS#’s:142676, 142620, 142622, 141198. This link is valid until 3/22/2016.
Aspen Snowmass Solds Last Week:
MLS #142728 – Base of Red Mountain 6.4 acre lot at 362 Red Mountain Road, Aspen, CO: Sold Price: $10,000,000. More details below photo.
MLS #142728 – Red Mountain, 362 Red Mountain Road, Aspen, CO: Sold Price: $10,000,000 oper the MLS. (The Aspen Times lists the sold price at $9,461,400.) Asking Price: $11,000,000. (Original Price: $11,000,000 and 46 days on the market since 01/01/2016.) This is a 6,4 acre, or 278,784 sq ft, single family lot deal with a 1977, 3,176 sq ft, home on it. Broker comments are “Last of the great building sites located at the base of Red Mountain. One of 5 sites in family estate. Older home currently rented. Floor Area Ratio (FAR) previously approved for15,000 sq ft home plus garage and 4,000 foot subgrade space. Sold before MLS.” 2015 Taxes: $12,774. Under Contract Date: 01/04/2016; Sold Date: 02/16/2016. (Photos and broker comments courtesy of Lorrie B Aspen)
MLS #140504 – Wildridge, Snowmass Village, 824 Sinclair Road, Snowmass Village, CO: Sold Price: $2,240,000/$612 sq ft; partial-furnished. More details below photos.
MLS #140504 – Wildridge, Snowmass Village, 824 Sinclair Road, Snowmass Village, CO: Sold Price: $2,240,000/$612 sq ft; partial-furnished. Asking Price: $2,395,000. (Original Price: $2,395,000 and 192 days on the market since 08/10/2015.) This is a 1982 built and 2015 remodeled, 5 bedroom/3 bath/1 half bath, 3,658 sq ft single family residence with 2 car garage on a 18,376 sq ft, apoprox. 1/3 acre, lot. Broker comments are “Gorgeous views are complemented by a completely remodeled home in Wildridge. The upgrades to this home include adding another bedroom, new entry with mud/laundry room, new front door and stone work. Master bedroom is on the main level with an amazing bathroom and walk through closet to the laundry/mudroom. Exquisite finishes including hardwood stairs, beautiful flooring and media room. The views from the Master bedroom all the way through the dining area are astounding. The new metal roof, new garage, new stucco siding and large, Trex deck make this home an easy purchase. The oasis adjacent to the kitchen and informal dining area is an ideal place to wind down with its small waterfall and gated courtyard.” 2015 Taxes: $3,486; HOA Dues: $90 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/30/2015; Sold Date: 02/18/2016. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
MLS #139257 – Ridge Run, Snowmass Village, 127 Maple Ridge Lane, Snowmass Village, CO: Sold Price: $1,518,000/$527 sq ft; unfurnished. More details below photos.
MLS #139257 – Ridge Run, Snowmass Village, 127 Maple Ridge Lane, Snowmass Village, CO: Sold Price: $1,518,000/$527 sq ft; unfurnished. Asking Price: $1,595,000. (Original Price: $1,850,000 and 265 days on the market since 05/28/2015.) This is a 1977 built, 4 bedroom/3 bath, 2,880 sq ft single family residence with 2 car garage on a 39,640 sq ft lot. Broker comments are “Wonderful new listing in the heart of Ridge Run with many possibilities. This cherished home is a perfect solution for the family looking to put down roots in the Aspen School District. This four bedroom, three bath home is situated on almost an acre with ample space and beautiful views. Fun family room for all to enjoy including a pool table! Fantastic deck and patio space to soak up the views and get outdoors. There is a legal caretaker’s residence on the lower level to help with taking care of the home or help with the mortgage! This property is also well suited for the buyer or developer looking to renovate or build a new home with generous square footage capabilities. See listing agent for detail from local architect.” 2014 Taxes: $4,693; HOA Dues: $90 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/28/2015; Sold Date: 02/17/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #135242 – Assay Hill Lodge, Snowmass Village, 130 Wood Road 437, Snowmass Village, CO: Sold Price: $348,000/$600 sq ft; furnished. More details below photos.
MLS #135242 – Assay Hill Lodge, Snowmass Village, 130 Wood Road 437, Snowmass Village, CO: Sold Price: $348,000/$600 sq ft; furnished. Asking Price: $361,000. (Original Price: $535,000 and 584 days on the market since 07/12/2014.) This is a 2010 built, 1 bedroom/1 bath, 580 sq ft condo. Broker comments are “Location, Location, Location. Amenities, Amenities, Amenities. Located at the base of Snowmass Ski Resort with all the amenities of a world class hotel. Amazing spa and top notch restaurants. Highly desired unit with high ceilings and preferred location on the main floor with beautiful down valley views.” 2014 Taxes: $3,229; HOA Dues: $3,639 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/29/2015; Sold Date: 02/16/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
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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 at970.309.6163or byemail.The Estin Report is copyrighted 2016 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:“The Estin Reporton Aspen Real Estate.”