The Estin Report: Pre-Christmas Brief Summary 2015 YTD was released 12/24/15 and Nov 2015 Aspen Snowmass Real Estate Market Snapshot was posted12/04/15 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 (11/24/15) 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 3, January 17 – 24, 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:132160, 141125, 131873, 139803.This link is valid until 2/23/2016.
Under Contract/Pending (6):MLS#’s:142131, 134961, 139196, 141270, 141118, 141381. This link is valid until 2/23/2016.
Aspen Snowmass Solds Last Week:
MLS #132160 – Red Mountain, 95 Wrights Road, Aspen, CO: Sold Price: $4,500,000/$1,464 sq ft; unfurnished. More details below photos.
MLS #132160 – Red Mountain, 95 Wrights Road, Aspen, CO: Sold Price: $4,500,000/$1,464 sq ft; unfurnished. Asking Price: $5,995,000. (Original Price: $10,750,000 and on/off the market since 03/07/2008.) This transaction is part of an oil company related bankruptcy settlement in which this property and two parcels at 155 and 200 Sabin Dr high atop Aspen’s exclusive Red Mountain were taken back by the lender. (See blog Dec 13 – 20, 2015 – “Aspen’s Highest Priced Sale in 2015” at $29.5M and see related 01/25/16 Aspen Times article, “Slick Deal: Oil Bust Fueled Red Mtn Home Transfer”) This is a 1958 built, 5 bedroom/4 bath, 3,072 sq ft single family residence on a 76,796 sq ft lot. It is a complicated lot burdened by easements and access issues that may or may not have been sufficiently resolved. Big view, unobstructed unencumbered Red Mountain lots are now going for $7.5 – $10M. Broker comments are “Build up to 12,068 square feet plus a 750 square foot garage (with the purchase of TDR’s) on this sunny, 1.76 acre, south-facing view lot on prestigious Red Mountain – Aspen’s most exclusive address! Water tap fees have been paid and sewer is in place. FAR can be subjective – please see attached Zoning Analysis.” 2013 Taxes: $12,982. Under Contract Date: 07/29/2015; Sold Date: 01/20/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #141125 – West Aspen Vacant Lot, Tbd Sierra Vista Drive, Aspen, CO: Sold Price: $4,392,500. More details below photos.
MLS #141125 – West Aspen Vacant Lot, Tbd Sierra Vista Drive, Aspen, CO: Sold Price: $4,392,500. Asking Price: $4,750,000. (Original Price: $4,750,000 and 119 days on the market since 09/22/2015.) This is a 16,000 sq ft vacant lot. Broker comments are “Beautiful 16,000+ sq.ft. homesite approved for a single family home or duplex located at the 4th hole of the Aspen golf course. Design and build your own home or contract the seller to do it for you. Purchase could include plans for 7,000 sq.ft. single family home with a mountain contemporary design. This flat lot features all day sun with excellent views of Aspen Highlands, Pyramid Peak and Tiehack. First time offered for sale, this property is located at the end of the cul-de-sac on quiet Sierra Vista and has the best golf course Nordic ski in/ski out access as well as easy access to public transportation, the Rio Grande Trail and hiking on Red Butte. See MLS# 141127 for the new half duplex to be built and for sale on the adjacent lot. Plans and design are subject to modification” Under Contract Date: 11/14/2015; Sold Date: 01/19/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #131873 – Gant, Central Core, 610 S West End Street Gant E302, Aspen, CO: Sold Price: $1,010,000/$1,020 sq ft; furnished. More details below photos.
MLS #131873 – Gant, Central Core, 610 S West End Street Gant E302, Aspen, CO: Sold Price: $1,010,000/$1,020 sq ft; furnished. Asking Price: $1,095,000. (Original Price: $1,195,000 and 828 days on the market since 10/16/2013.) This is a 1972 built and 2011 remodeled, 2 bedroom/2 bath, 990 sq ft condo. Broker comments are “Enjoy magnificent sunsets and Aspen’s fireworks from this two-bedroom, two-bath unit at the popular Gant Condominiums. Cozy up to the wood-burning fireplace, take the Gant shuttle or wander a few short blocks to the Gondola, renowned shopping, restaurants and nightlife. Remodeled kitchen with granite slab counters and stainless appliances. Remodeled bathrooms with master walk-in shower. Excellent rental income. HOA dues cover Gant amenities including two swimming pools, hot tubs, tennis courts, shuttle service and concierge. The new Conference Center offers a café, full-service bar, rooftop deck and fitness center. Superb on-site management. Financing available through Wells Fargo and Everbank. Offered furnished except for art, wall hangings and other minor exclusions.” 2014 Taxes: $2,523; HOA Dues: $12,145 semi-annual per year. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/03/2015; Sold Date: 01/22/2016. (Photos and broker comments courtesy of Frias Properties of Aspen)
MLS #139803 – Snowmass Villas (aka The Blue Roofs), Snowmass Village, 4000 Brush Creek Road Road #10, Snowmass Village, CO: Sold Price: $725,000/$642 sq ft; unfurnished. More details below photos.
MLS #139803 – Snowmass Villas (aka The Blue Roofs), Snowmass Village, 4000 Brush Creek Road Road #10, Snowmass Village, CO: Sold Price: $725,000/$642 sq ft; unfurnished. Asking Price: $795,000. (Original Price: $835,000 and 207 days on the market since 06/29/2015.) This is a 1968 built and 2015 remodeled, 2 bedroom/2 bath, 1,128 sq ft townhouse. Broker comments are “Completely & beautifully remodeled by owner/architect Richard de Campo of Poss Architecture, top to bottom and from the inside out, brand new, every detail considered, just finished! 2 bedrooms, 2 full baths, den or office & small loft with the creek and open space directly in front, make this a one-of-a kind place. One of the larger ”A” floorplans, floating staircase, top of the line baths & kitchen, already installed cooling coils for future air-conditioning, if desired, covered parking, pool and owner storage. Steps to Free Shuttle, Aspen School Bus & RFTA stop. Mountain biking, nordic skiing and easy access to the mountain, Golf Course walking and the mall in all seasons. Move-in ready and dogs are welcome here too…one of the finest townhome neighborhoods in the Village.” 2015 Taxes: $2,149; HOA Dues: $632 per month. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/07/2015; Sold Date: 01/22/2016. (Photos and broker comments courtesy of BERKSHIRE HATHAWAY HomeServices | Aspen Snowmass Properties)
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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.”