The Estin Report: Pre-Christmas Brief Summary 2015 YTD was released 12/24/15. The Dec 2015 and Jan 2016 Aspen Snowmass Real Estate Market Snapshots were posted 2/9/16.All are available 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 5, January 31 – February 7, 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:142131, 142086, 140268, 138879.This link is valid until 3/8/2016.
Under Contract/Pending (7):MLS#’s:141965, 142054, 142139, 140280, 141553, 142402, 137403. This link is valid until 3/8/2016.
Aspen Snowmass Solds Last Week:
MLS #142131 – Monarch on the Park, Central Core, 405 S Monarch Street Penthouse #1 (P-1), Aspen, CO: Sold Price: $15,000,000/$4,275 sq ft; furnished. More details below photos.
MLS #142131 – Monarch on the park, Central Core, 405 S Monarch Street Penthouse #1 (P-1), Aspen, CO: Sold Price: $15,000,000/$4,275 sq ft = record downtown Aspen price per sq ft; furnished.Asking Price: $15,000,000. (Original Price: $15,000,000 and 39 days on the market since 12/28/2015.) This is a 2008 built, 4 bedroom/4 bath/1 half-bath, 3,508 sq ft condo with 2 car garage. Broker comments are “Own the best views in town from the patio deck and living space of Penthouse 1 at Monarch on the Park, adjacent to Wagner Park. Four luxurious bedroom suites, private garage and storage, secure elevator access to your oasis in the heart of Aspen. Enjoy stress free property management, the pool, hot tub, workout room and breakfast amenities of Limelight Lodge, and shop or dine just a few steps out your front door. Location and lifestyle are what this residence exude.” 2015 Taxes: $13,844; HOA Dues: $6,154 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/20/2016; Sold Date: 02/05/2016. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)
MLS #142086 – North Nell, Central Core, 555 E Durant Avenue #2l, Aspen, CO: Sold Price: $2,250,000/$1,676 sq ft. More details below photos.
MLS #142086 – North Nell, Central Core, 555 E Durant Avenue #2l, Aspen, CO: Sold Price: $2,250,000/$1,676 sq ft.Asking Price: $2,400,000. (Original Price: $2,400,000 and 43 days on the market since 12/21/2015.) This is a 1969 built, 2 bedroom/2 bath, 1,342 sq ft condo. Broker comments are “Ideally located at the base of Aspen Mountain. the most convenient location in town with underground parking.” 2014 Taxes: $3,850; HOA Dues: $1,564 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/30/2015; Sold Date: 02/02/2016. (Photos and broker comments courtesy of Raczak Real Estate CO Inc.)
MLS #140268 – Queen Victoria, Central Core, 916 E Hopkins Avenue #203, Aspen, CO: Sold Price: $1,775,000/$1,706 sq ft; furnished. More details below photos.
MLS #140268 – Queen Victoria, Central Core, 916 E Hopkins Avenue #203, Aspen, CO: Sold Price: $1,775,000/$1,706 sq ft; furnished.Asking Price: $1,847,500. (Original Price: $1,847,500 and 229 days on the market since 10/15/2014.) This is a 1972 built and 2014 remodeled, 2 bedroom/2 bath, 1,040 sq ft condo. Broker comments are “Gorgeous, contemporary pied-a-terre on 2nd floor overlooking the Roaring Fork River. Renovated, down to the studs, in the fall of 2014 and only occasionally used by single owner since. Wood floors, beautiful track lighting, elegant cabinetry, highest quality finishes and appliances throughout. Private deck off of living room and the master suite both enjoy views and sounds of river. Assigned bicycle space and garage storage locker. A sophisticated and very peaceful property. Aspen’s retail and restaurant core, plus gondola, all easy walking distance.” 2015 Taxes: $3,312; HOA Dues: $1,576 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/31/2015; Sold Date: 02/04/2016. (Photos and broker comments courtesy of BERKSHIRE HATHAWAY HomeServices | Aspen Snowmass Properties)
MLS #138879 – Seasons 4, Snowmass Village, 35 Lower Woodbridge Rd J 133 J133, Snowmass Village, CO: Sold Price: $339,500/$491 sq ft; furnished. More details below photos.
MLS #138879 – Seasons 4, Snowmass Village, 35 Lower Woodbridge Rd J 133 J133, Snowmass Village, CO: Sold Price: $339,500/$491 sq ft; furnished.Asking Price: $362,500. (Original Price: $362,500 and 521 days on the market since 03/28/2014.) This is a 1971 built and 1997 remodeled, 1 bedroom/1 bath, 691 sq ft condo. Broker comments are “Simplify your life by owning this great one-bedroom Seasons 4 condominium. This unit is light and bright with a meticulous owner tending to its maintenance. The gas fireplace and appliances have all been updated throughout the years, along with new windows and sliding doors in 2014. The entrance has additional space for a mud room, laundry room, or bunk room for guests. Bountiful storage closets and built in cabinets in the hallway, kitchen, and outside closet accommodate the most active of lifestyles. This lower level unit is just steps from the dedicated parking space, pool/hot tub area, and adjacent to the stairway leading to the Brush Creek Road shuttle stop.” 2015 Taxes: $912; HOA Dues: $1,231 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/19/2015; Sold Date: 02/02/2016. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
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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.”