The Estin Report: Feb 2016 Aspen Snowmass Real Estate Market Snapshot was posted 03/02/16 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 8, February 21 – 28, 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:136878, 139199, 138837, 137803.This link is valid until 3/29/2016.
Under Contract/Pending (10):MLS#’s:142246, 138005, 130132, 130581, 135001, 141360, 139207, 139909, 141021, 142675. This link is valid until 3/29/2016.
Aspen Snowmass Solds Last Week:
MLS #136878 – West End, 401 W Bleeker Street, Aspen, CO: Sold Price: $5,065,000/$1,172 sq ft; furnished. More details below photos.
MLS #136878 – West End, 401 W Bleeker Street, Aspen, CO: Sold Price: $5,065,000/$1,172 sq ft; furnished. Asking Price: $5,995,000. (Original Price: $6,895,000 and 381 days on the market since 11/26/2014.) This is a 1973 built and 2012 remodeled, 5 bedroom/5 bath/1 half bath, 4,319 sq ft single family residence with 2 car garage on a 7,500 sq ft lot. Broker comments are “NOW PRICED AT LOT VALUE – SELLER HAS LOWERED THE PRICE BY $1 MILLION – FOR BUYER REMODEL! WEST END: gorgeous 7,500 sq ft. corner lot, walk everywhere! Almost 4,300 sq ft, 4 bedroom suites – above grade! Wonderful main floor with family room, kitchen, living room walking out to yard. This is a perfect family home. Gas forced air heat and A/C in the main part of the home. Radiant heat in master bathroom.” 2014 Taxes: $9,932. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/12/2015; Sold Date: 02/22/2016. (Photos and broker comments courtesy of Lorrie B Aspen)
MLS #139199 – Knollwood, East Aspen, 77 Westview Drive, Aspen, CO: Sold Price: $4,900,000/$1,193 sq ft; unfurnished. More details below photos.
MLS #139199 – Knollwood, East Aspen, 77 Westview Drive, Aspen, CO: Sold Price: $4,900,000/$1,193 sq ft; unfurnished. Asking Price: $5,375,000. (Original Price: $5,375,000 and 278 days on the market since 05/15/2015.) This is a 1971 built and 1999 remodeled, 4 bedroom/4 bath/1 half bath, 4,104 sq ft single family residence with 4+ car garage on a 17,600 sq ft lot. Broker comments are “A breath taking Charles Cunniffe designed mountain home only minutes from the Aspen core. This multi-level home is located in a peaceful and private neighborhood. Fully renovated in 2015 with a contemporary flair, the living spaces have been thoughtfully designed to capture an abundance of natural light and private mountain views. Complete with an oversize 4-car garage, a mudroom, laundry room, and plenty of storage. The lower level has a second living room complete with fireplace, 2 bedrooms and 2 full baths. Open kitchen style with granite counter tops and an extra-large island plus custom Alder cabinets. The kitchen is shared with the main living room, with very high ceilings, a fireplace and fabulous Aspen Mountain views. On this same level is a guest suite, with a steam shower, a deep wrap around porch, a large office area and a dining space with woodland views. The upper level is a master suite that is a private retreat in itself. Complete with a balcony, custom walk through closet, an over sized master bathroom that shares a fireplace with the master bedroom, and even a sleeping porch that accommodates a queen sized bed. With 3 fireplaces, security system, endless high end details, this is a home that offers relaxing, light filled living spaces for a family or mountain retreat.” 2014 Taxes: $11,075. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/10/2016; Sold Date: 02/17/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #138837 – South Point, Central Core, 205 E Durant (Aka 205 E Dean St) Avenue 2-J, Aspen, CO: Sold Price: $1,250,000/$1,223 sq ft; furnished. More details below photos.
MLS #138837 – South Point, Central Core, 205 E Durant (Aka 205 E Dean St) Avenue 2-J, Aspen, CO: Sold Price: $1,250,000/$1,223 sq ft; furnished. Asking Price: $1,250,000. (Original Price: $1,395,000 and 298 days on the market since 05/01/2015.) This is a 1967 built, 2 bedroom/2 bath, 1,022 sq ft condo. Broker comments are “CORNER UNIT IN THE HEART OF ASPEN!! Views of Red Mountain from this 2 bedroom, 2 bathroom South Point condominium. Located a few short blocks from Aspen’s finest restaurants and shopping. 3 blocks to the Gondola. Lobby entrance, garage parking, ski locker, storage room. Building exterior has been completely renovated including new sliding glass doors, windows, decks, railings, siding, copper mansard roof, snowmelt sidewalks, garage door, security system/cameras and landscaping. Interior common areas to be renovated in the spring of 2016. Low HOA dues.” 2014 Taxes: $2,446; HOA Dues: $461 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/12/2016; Sold Date: 02/26/2016. (Photos and broker comments courtesy of Setterfield & Bright)
MLS #137803 – Woodbridge, Snowmass Village, 35 Upper Woodbridge Road 24ab, Snowmass Village, CO: Sold Price: $535,000/$593 sq ft; unfurnished. More details below photos.
MLS #137803 – Woodbridge, Snowmass Village, 35 Upper Woodbridge Road 24ab, Snowmass Village, CO: Sold Price: $535,000/$593 sq ft; unfurnished. Asking Price: $549,000. (Original Price: $569,000 and 1,003 days on the market since 07/09/2013.) This is a 1973 built and 2015 remodeled, 2 bedroom/2 bath, 902 sq ft condo. Broker comments are “There is nothing like this available in Aspen-Snowmass for the price. Completely renovated by master craftsmen, this is a great bargain given the quality of the finishes, appliances, and workmanship. Great views from all rooms, integrated sound system. Located in the Aspen School district, great for short term rentals or full time residence. On the shuttle stop. Close to the pool and hot tub, and the bike path is right outside your back door. Easy living. Pets allowed for owners. Excellent HOA. Mounted flat screen tvs, furnishings and personal property of the seller are excluded from the sale, but may be negotiable. Staged an easy to show.” 2014 Taxes: $1,432; HOA Dues: $2,700 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/22/2016; Sold Date: 02/26/2016. (Photos and broker comments courtesy of Aspen Real Estate Company)
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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.”