One luxury spec house and one homesite sold in Saturday’s live auction of properties in Aspen’s Fox Crossing neighborhood. The winning bid for the four-bedroom home at 511 Walnut was $2.95 million plus 10% buyers premium ($3,245,000), and the undeveloped lot sold for $814,000 plus 10%. ($902,000). Another home with seven bedrooms that was originally supposed to get auctioned off went under contract prior to the March 17 auction date…. The winning bid for the 511 Walnut townhome was well shy (-22%) of the most recent MLS list price of $4.15 million and even further from the Pitkin County assessor’s valuation of $5.1 million. The 5,000-square-foot home was originally listed at $7.37 million. 03/19/12

MLS #121936 – Aspen, Smuggler, Fox Crossing single family home, 511 Walnut Street, Aspen, CO: Asking Price: $4,150,000/$817 sq ft unfurnished; Sold at auction for $2,950,000 plus 10% buyers premium($3,245,000). More details below photos.

MLS #121936 – Aspen, Smuggler, Fox Crossing single family home, 511 Walnut Street, Aspen, CO: Asking Price: $4,150,000/$817 sq ft unfurnished. Under Contract at $2.95M to close in 30 days from 3/17/12. Call me if you’d like more information. (Original Price: $7,365,000 and 1,437 days on the market since 04/13/2008.) This is a 2008 built, 4 bedroom/4 bath/2 half bath, 5,078 sq ft single family home with 1 car garage. Broker comments are, “Auction. March 17. The hunt is over. Two custom homes and three premier homesites in Fox Crossing. Originally Listed for $7.4M – Aggressive Opening Bid Incentives! From any of the four bedrooms of ”The Olympic”, a 5,078-square-foot home in exclusive Fox Crossing, stunning views of snow-capped mountains are show-stoppers. Nestled at the foot of Red Mountain, a mere 10-minute leisurely stroll from downtown, Fox Crossing is a newly-constructed, high-end private enclave in the heart of Aspen. Also see 537 Race Alley (MLS #121936) and Three Premier Fox Crossing Homesites (MLS #124299, #124301, #124303). Walk to downtown easily from this sunny Aspen location. Enjoy your state of the art air conditioned home with elevator for entertaining in style.” Under Contract Date: 03/17/2012 to close in 30 days. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.) See ABJ 3/20/12 article on the Fox Crossing Auction.

MLS #124303 – Aspen, Smuggler, Fox Crossing single family lot, Aspen, CO: Asking Price:$2,000,000; Sold at auction for $820,000 plus 10% buyers premium ($902,000). More info beneath photo.

MLS #124303 – Aspen, Smuggler, Fox Crossing single family lot, Aspen, CO: Asking Price: $2,000,000. One of the three vacant lots available at auction went under contract at $820,000 to close in 30 days from 3/17/12. Call me if you’d like more information. (Original Price: $2,000,000. and 46 days on the market since 02/14/2012.) This is a 0.14 acre single family lot located in the Fox Crossing subdivision in the Smuggler area of Aspen. Broker comments are, ” Auction. March 17. The hunt is over. Two custom homes and three premier homesites in Fox Crossing. Originally Listed for $2M – Aggressive Opening Bid Incentives! Selling Bidder’s Choice, these three premier homesites – Buildable Lots C, I and J – are ready to become the foundation of your next dream home. Nestled at the foot of Red Mountain, a mere 10-minute leisurely stroll from downtown, Fox Crossing is an exclusive, newly-constructed, high-end private enclave in the heart of Aspen. Also see 511 Walnut Street (MLS #121936) and 537 Race Alley.” 2011 Taxes: $6,116; HOA Dues: $1,112 Yr. Under Contract Date: 03/17/2012 to close in 30 days. (Photo and broker comments courtesy of Aspen Snowmass Sotheby’s.) See ABJ 3/20/12 article on the Fox Crossing Auction.

Fox Crossing Development Plan: the unit that sold is just to the west (right) of directional label “Aspen Mountain”. The sold lot is along the edge of the arrow, “Aspen Mountain”.