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RELEASED JAN 9. 2011: THE ESTIN REPORT: STATE OF THE ASPEN REAL ESTATE MARKET 2011 YEAR AND 4TH QUARTER

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The Estin Report: State of the Aspen Market 2011 Year and 4th Quarter

Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly or 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, chances are there’s something about it here.

Last Week’s Market Highlights – 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 (14): MLS# 111493, 110010, 116968, 121136, 123329, 109042, 98741, 119123, 123331, 122056, 104069, 122817, 123671, 120089 . This link is valid for 30 days until 2/22/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (3): MLS# 121694, 122814, 123309 . This link is valid for 30 days until 2/22//2012.

Aspen Snowmass Solds Last Week:

MLS #121694 – Aspen, Racquet Club condo, 1050 Matchless Drive Unit 4, Aspen, CO: Sold Price: $1,700,000/$691 sq ft unfurnished. More details below photos.

MLS #121694 – Aspen, Racquet Club condo, 1050 Matchless Drive Unit 4, Aspen, CO: Sold Price: $1,700,000/$691 sq ft unfurnished; Ask Price: $1,795,000. (Original Price: $1,795,000 and 203 days on the market since 06/27/2011.) This is a 1977 built/2009 remodeled, 3 bedroom/2 bath/1 half bath, 1,607 sq ft townhome. Broker comments are, “Tranquil east side townhome set amongst mature trees on a sumptuous rolling lawn, with a trickling stream steps away & beautiful views of Aspen Mountain. The small complex has just four units, and the exterior was recently remodeled with stone & wood, a new roof, and new windows. Set up as a duplex, the remodeled interior features 3 bedroom/2.5 bath, 1607 square feet plus an 800 square foot unfinished basement, spacious floor plan, open beam ceilings, new granite kitchen & baths, new doors & trim, new paint & carpet, wood-burning fireplace, walk-in closet in the master bedroom, recessed lighting, and a large rear deck with spacious yard. Walk to town from the convenient location between Aspen’s core & Smuggler Mountain. This is a rare find at this price.” 2010 Taxes: $4,103; HOA Dues: $600 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/19/2011; Sold Date: 01/16/2012. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #122814 – Aspen, Hopkins Roan condo, 728 E. Hopkins Avenue #728, Aspen, CO: Sold Price: $4,200,000/$981 sq ft furnished. More details below photos.

MLS #122814 – Aspen, Hopkins Roan condo, 728 E. Hopkins Avenue #728, Aspen, CO: Sold Price: $4,200,000/$981 sq ft furnished; Ask Price: $4,695,000. (Original Price: $4,695,000 and 116 days on the market since 09/23/2011.) This is a 2001 built/2008 remodeled, 4 bedroom/4 bath/1 half bath, 4,278 sq ft townhome with 2 car garage. Broker comments are, “Spacious town home in the heart of Aspen. Enjoy the convenience of down town without sacrificing the any square footage. The 4278 SF town home has generous sized rooms with tall ceilings in all the bedrooms and cathedral ceilings in the main living area. There are fire places in all of the bedrooms and main living area (6 total). It is being sold fully furnished and turnkey with flat screen TV’s and control 4 system. Great rental history for your investors or perfect for an end user.” 2010 Taxes: $12,773; HOA Dues: $2,382 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/16/2011; Sold Date: 01/13/2012. (Photos and broker comments courtesy of Frias Properties of Aspen.)

MLS #123309 – Snowmass Village, Woodbridge condo, 35 Upper Woodbridge Road 16-Ab, Snowmass Village, CO: Sold Price: $317,000/$344 sq ft furnished. More details below photos.

MLS #123309 – Snowmass Village, Woodbridge condo, 35 Upper Woodbridge Road 16-Ab, Snowmass Village, CO: Sold Price: $317,000/$344 sq ft furnished; Ask Price: $329,000. (Original Price: $329,000 and 417 days on the market since 05/20/2011.) This is a 1973 built, 2 bedroom/2 bath, 921 sq ft condo. Broker comments are, “Situated conveniently next to pool and laundry areas. Easy access to parking and shuttle bus. Private location. Contact Broker for Disclosure information.” 2010 Taxes: $1,846.72; HOA Dues: $2,100 Qtr. Town of Snowmass Village Transfer Tax of 1% payable by buyer. Under Contract Date: 12/08/2011; Sold Date: 01/18/2012. (Photos and broker comments courtesy of Frias Properties of Aspen.)

Tim Estin welcomes your business, inquiries and comments. Email: [email protected] or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s AspenRealEstateBlog.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 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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