The Estin Report: July and YTD 2015 Aspen Snowmass Monthly Market Snapshot was posted 08/03/15 in Current Reports. The Snapshots are released on or near the 1st Monday of the month.
The 1st Half 2015 State of the Aspen Market Report is in process.
The Estin Report: The 4th Quarter and Year 2014 State of the Aspen Real Estate Market was released online Feb 7th inCurrent Reports.The print edition is available in racks around town and at Sotheby’s offices at 415 Hyman St Mall and 300 Spring Street (my office) opposite the new Aspen Art Museum.
See recent Before/After redevelopment ‘flip job’ examplesin Miscellaneous Info. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (last -08/02/15) 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, the information should be here.
Market Activity Week 32, July 26 – August 2, 2015
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 (5):MLS #’s:134547,139643,135893,130482,139471. This link is valid until 09/1/2015.
Under Contract/Pending (13):MLS#’s:137150,135318,137592,133798,134574,134676,134894,136431,136875,139553,139840,140319,140353. This link is valid until09/1/2015.
Aspen Snowmass Solds Last Week:
MLS #139471 – Starwood, McLain Flats, 565 N Starwood Drive, Aspen, CO: Sold Price: $5,870,000/$981 sq ft; furnished. More details below photos.
MLS #139471 – Starwood, McLain Flats, 565 N Starwood Drive, Aspen, CO: Sold Price: $5,870,000/$981 sq ft; furnished. Asking Price: $6,395,000. (Original Price: $6,395,000 and 106 days on the market since 04/14/2015.) According to the Aspen Times, this is the last of Prince Bandar’s Aspen homes to sell. This is a 1968 built and 1995 remodeled, 6 bedroom/6 bath/2 half-bath, 5,980 sq ft single family home with 3 car garage on a 129,808 sq ft lot. Broker comments are “Dramatic 5 bedroom residence plus separate 1 bedroom guest house with stunning views of Capitol Peak, Mount Daly and the Snowmass Ski area. Main residence includes elevator, outdoor lap pool, spacious stone decks, cocktail lawn and seasonal stream. Adjacent pasture lot affords maximum privacy and additional open space. One of Aspen’s finest residential values.” 2014 Taxes: $20,981; HOA Dues: TBD. Under Contract Date: 06/23/2015; Sold Date: 07/29/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #130482 – West End Aspen Single Family Lot, 337 Lake Avenue, Aspen, CO. Sold Price: $3,500,000.
MLS #130482 – West End Aspen, 337 Lake Avenue, Aspen, CO. Sold Price: $3,500,000. Asking Price: $3,500,000. (Original Price: $3,500,000 and 782 days on the market since 06/09/2013.) Superbly located 6,098 sq ft vacant lot with constrained buildout potential. Approximately half the development rights of this lot were given up by the seller in order to build a larger home next door. Broker comments are “This .14 acre lot has a great location in the West End located just a short walk to the Aspen Institute and hiking trails. There are nice mountain views and mature trees and a well cared for lawn. One can build a 1,700 square foot single family home on the property not including a basement and garage. The property next door, with a beautifully completely renovated home is also for sale for $8,500,000 (MLS# 130480). The lot and home can be purchased together for $12,000,000.” 2010 Taxes: $25,946. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/28/2014; Sold Date: 07/31/2015. (Photos and broker comments courtesy of Global Real Estate Network, Aspen)
MLS #135893 – Der Berghof, Central Core, 100 E Cooper Avenue Unit #5, Aspen, CO: Sold Price: $1,580,000/$1,839 sq ft; furnished. More details below photos.
MLS #135893 – Der Berghof, Central Core, 100 E Cooper Avenue Unit #5, Aspen, CO: Sold Price: $1,580,000/$1,839 sq ft; furnished. Asking Price: $1,615,000. (Original Price: $1,630,000 and 337 days on the market since 08/27/2014.) This is a 1962 built and 2014 remodeled, 2 bedroom/2 bath, 859 sq ft condo. This is one of Aspen’s newest rebuilt condo complexes, and it’s high sales prices in the past two years reflect the power of the new. Broker comments are “Brand New Contemporary Aspen Core Condo. This 2 Bedroom, 2 Bathroom contemporary condo has just been completely remodeled and is being offered Turn-Key. Architectural work by Rowland and Broughton and built by DBJ Builders. Fully equipped with designer furnishings, white matte cabinets, slab countertops, stone fireplace, and custom lighting throughout. Just a two block walk to the heart of town with views of Aspen Mountain from the outdoor Patio.” 2013 Taxes: $21,642; HOA Dues: 859 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/14/2015; Sold Date: 07/30/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #139643 – Top of Village, Snowmass Village, 855 Carriage Way Slope #404, Snowmass Village, CO: Sold Price: $1,300,000/$896 sq ft; furnished. More details below photos.
MLS #139643 – Top of Village, Snowmass Village, 855 Carriage Way Slope #404, Snowmass Village, CO: Sold Price: $1,300,000/$896 sq ft; furnished. Asking Price: $1,400,000. (Original Price: $1,400,000 and 38 days on the market since 06/19/2015.) This is a 1974 built, 3 bedroom/3 bath, 1,450 sq ft condo. Broker comments are “Premiere location – top floor, point condominium sitting perfectly on the upper slope. Also, directly across the street from the main check in building for easy access to amenities. Great rental property.” 2014 Taxes: $4,138; HOA Dues: $13,931 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/27/2015; Sold Date: 07/27/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #134547 – Single Family Vacant Lot, Sinclair Meadows, 2553 Lower River Road, Snowmass Village, CO: Sold Price: $1,200,000. More details below photos.
MLS #134547 – Single Family Vacant Lot, Sinclair Meadows, 2553 Lower River Road, Snowmass Village, CO: Sold Price: $1,200,000. Asking & Original Price: $1,325,000 (The property has been on the market 382 days since 06/04/2014) This is a 28,773 sq ft single family lot in Snowmass Village. Broker comments are “Some of the best mountain views available on the market today. The very last parcel available in SMV’s newest subdivision, Sinclair Meadows, with this generous FAR of over 4,000 sq. ft. This is just one of two parcels remaining in the entire subdivision. Sinclair Meadows is a 17-parcel neighborhood located in the heart of Snowmass with easy access to the Snowmass Ski Slopes, Snowmass Club Golf and Tennis resort and just 12 minutes to downtown Aspen. Also located within the Aspen School District!” 2014 Taxes: $60,000; HOA Dues: $2,700 per Year. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/03/2015; Sold Date: 07/24/2015.(Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
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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 by email.The Estin Report is copyrighted 2015 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:“The Estin Report on Aspen Real Estate.”