This site is in the process of a re-design and I’m getting very excited anticipating the launch early next month. It’s about time! Any comments and suggestions for new and/or different content, site organization and other improvements that you’d like to see would be most appreciated. Get in touch from from the contact page.  Many thanks, Tim

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The Estin Report: May 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. June 5th. The Snapshots are usually posted on or near the 1st Monday of the month.

Excerpt:

“There is a night and day difference between May 2017 and the same time last year. The market appears to be firing on all cylinders heading into the summer selling season. A statistic that says it all: there were (15) Aspen single family home sales in May 2017 versus (2) in May 2016, +650% (Pg 6)…One very significant investor group that currently has about 15-18 projects under redevelopment and for sale has bumped up select property prices 5% in the past two weeks in anticipation of a formidable summer.”

Estin Report: Q1 2017 & 2016 Year: State of Aspen Real Estate was released on 5/27/17 in Current Reports. The 32-Page report is available on-line as PDF and will be available in a print edition distributed in kiosks around town and at the airport on June 15th.

“Flip Job” Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (06/14/17) as additional re-sale properties come on the market at significantly higher prices.

 A “Read more” link has been recently added under the 1st of last week’s sold properties displayed below. This will improve site performance.

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Market Activity Week 25, June 11 – 18, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr 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.  Scroll down the page for home 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 quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it’s about Aspen real estate, the information should be here.

Closed (8):  MLS#s 142152, 140151, 144590, 145717, 146743, 147155, 147905, 148086. This link is valid until 7/18/2017.

Under Contract/Pending (8)MLS#s 133316, 141555, 141479, 147687, 147721, 149233, 149366, 149411. This link is valid until 7/18/2017.

Aspen Snowmass Solds Last Week:  

MLS #140151 – West End, 614 N Fourth Street, Aspen, CO. Sold Price: $15,320,021/$2,399 sq ft; unfurnished. More details below photos.
Aspen real estate 061817 140151 614 N Fourth Street 1 590W  Aspen real estate 061817 140151 614 N Fourth Street 2 190H Aspen real estate 061817 140151 614 N Fourth Street 3 190H  Aspen real estate 061817 140151 614 N Fourth Street 4 190H Aspen real estate 061817 140151 614 N Fourth Street 5 190H

MLS #140151 – West End, 614 N Fourth Street, Aspen, CO. Sold Price: $15,320,021/$2,399 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $14,995,000. (Original Price: $14,995,000 and 693 days on the market since 07/20/2015.) This is a 2017 built, 7 bedroom/7 bath/2 half-bath, 6,385 sq ft single family home with 2 car garage on an oversized 8,392 sq ft corner lot. Broker comments are “Stage Fine Homes proudly presents The Pearl Residence; This spectacular brand new contemporary home on an oversized prime West End lot is designed by an amazing collaboration between Aspen’s S2 Architects & Bennett Design-Build. Steps from the Music Tent, and an easy stroll to the Core, The Pearl Residence offers contemporary forms and classic, organic materials with generous indoor-outdoor living spaces and great views of Ajax and Shadow. Materials include chiseled limestone, weathered wood, exposed steel, and integrated landscapes. 7 Bedroom suites (4 above-grade) offer plenty of room for your family and guests to enjoy Aspen together. Large lot offers room to entertain, rooftop deck delights with views. New address = 439 Pearl. Construction underway, completion anticipated spring ’17.” 2015 taxes: $8,543. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/19/2016; Sold Date: 06/12/2017. (Photos and broker comments courtesy of Aspen International Properties)

 

MLS #147155 – Maroon Creek Club, West Aspen, 1201 Tiehack Road, Aspen, CO. Sold Price: $6,700,000/$735 sq ft; furnished. More details below photos.
Aspen real estate 061817 147155 1201 Tiehack Road 1 590W  Aspen real estate 061817 147155 1201 Tiehack Road 2 190H Aspen real estate 061817 147155 1201 Tiehack Road 3 190H  Aspen real estate 061817 147155 1201 Tiehack Road 4 190H Aspen real estate 061817 147155 1201 Tiehack Road 5 190H
MLS #147155 – Maroon Creek Club, West Aspen, 1201 Tiehack Road, Aspen, CO. Sold Price: $6,700,000/$735 sq ft; furnished. Aspen single family home for sale. Ask Price: $6,985,000. (Original Price: $7,500,000 and 3,165 days on the market since 02/15/2008.) This is a 2006 built, 6 bedroom/6 bath/2 half-bath, 9,109 sq ft single family home with 3 car garage on a 1.1 acres lot. This Aspen home was on the market since 2008. It was a difficult sale due to design and floor layout issues. It was built by two brothers combining their interests into one Aspen 2nd home retreat – sounds reasonable but in execution, the result was a “house divided” impossibly into two distinct halves with a common kitchen, living dining and sub-grade awkward media / game room with two compromised bedrooms below grade. Sounds okay, but it wasn’t. Awkaward and disfunctional was feedback I received from prospective buyers who were looking for “deals” and “best values”. Is this in fact a deal? On paper, yes; in reality…a property is worth what a buyer is willing to pay and a seller is willing to sell it for. Broker comments are “Best value home in Aspen – At $767 sq ft. this is the lowest priced per square foot of any home in all of Aspen over $4 million. In brand new condition and built by Hanson Construction so you know the craftsmanship is superb. This is truly value well below the market. It is located in the exclusive Maroon Creek Club with amenities such as championship golf, direct ski in/out from your back door to the Tiehack chair lift, an easy walk across the Wade Terrell foot bridge to the ARC (Aspen Recreation Center) and Aspen Schools. A perfect home for a large family or uniquely designed to accomodate 2 families simultaneously. Contemporary architecture with clean lines, elegant spaces and high end features are found throughout. Qualified TDR receiver site if you want to add on or make modifications.” 2016 taxes: $19,386; HOA Dues: $5,086 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/24/2017; Sold Date: 06/15/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)
MLS #145717 – West Aspen, 975 Chatfield Road, Aspen, CO. Sold Price: $3,995,000/$819 sq ft; unfurnished. More details below photos.
Aspen real estate 061817 145717 975 Chatfield Road 1 590W  Aspen real estate 061817 145717 975 Chatfield Road 2 590W  Aspen real estate 061817 145717 975 Chatfield Road 3 190H Aspen real estate 061817 145717 975 Chatfield Road 4 190H  Aspen real estate 061817 145717 975 Chatfield Road 5 190H Aspen real estate 061817 145717 975 Chatfield Road 6 190H
MLS #145717 – West Aspen, 975 Chatfield Road, Aspen, CO. Sold Price: $3,995,000/$819 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $3,995,000. (Original Price: $3,995,000 and 300 days on the market since 08/18/2016.) This is a 1972 built and 2007 remodeled, 5 bedroom/6 bath, 4,876 sq ft single family home with 2 car garage on a 16,827 sq ft lot. Broker comments are “Amazing private lot alongside Red Butte open space & trail with mountain views. Entertain friends and family on the large deck or relax off the various patios while listening to Maroon Creek in the valley just below. This spacious 5 bedroom home plus large media/play room on multiple above grade levels provides great separation between living areas and guests. Steps from the Aspen Golf Course and just 5 minutes to downtown Aspen, you have to experience this mid-century design in person to understand what a great value it is. Priced at lot value for this amazing private corner lot with big views and river access. Watch this film to get acquainted with this property: bit.ly/aspenMC”. 2015 taxes: $10,204. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/23/2017; Sold Date: 06/14/2017. (Photos and broker comments courtesy of Engel & Völkers)
MLS #146743 – West Aspen, 860 Cemetery Lane, Aspen, CO. Sold Price: $2,150,000/$968 sq ft; unfurnished. More details below photos.
Aspen real estate 061817 146743 860 Cemetery Lane 1 590W  Aspen real estate 061817 146743 860 Cemetery Lane 2 590W  Aspen real estate 061817 146743 860 Cemetery Lane 3 190H Aspen real estate 061817 146743 860 Cemetery Lane 4 190H  Aspen real estate 061817 146743 860 Cemetery Lane 5 190H Aspen real estate 061817 146743 860 Cemetery Lane 6 190H

MLS #146743 – West Aspen, 860 Cemetery Lane, Aspen, CO. Sold Price: $2,150,000/$968 sq ft; unfurnished. Aspen duplex/half-duplex for sale. Ask Price: $2,300,000. (Original Price: $2,300,000 and 225 days on the market since 11/02/2016.) This is a 1979 built and 2009 remodeled, 4 bedroom/3 bath, 2,220 sq ft duplex/half-duplex with 1 car garage on a 14,997 sq ft lot. Broker comments are “Best priced duplex in West Aspen! Perfect home for a family wanting to be in the award winning Aspen School District. 3 bedroom, 3 bath, sunny living room and spacious outdoor deck with views of Aspen and Aspen Highlands. Tot Lot Park is across the street with access to golf and cross country skiing. Free shuttle bus outside the front door offers easy access to downtown within minutes.” 2016 taxes: $3,687. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/23/2017; Sold Date: 06/15/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

 

MLS #142152 – Gant, Central Core, 610 S West End Street C101, Aspen, CO. Sold Price: $1,650,000/$1,289 sq ft; furnished. More details below photos.
Aspen real estate 061817 142152 610 S West End Street C101 1 590W  Aspen real estate 061817 142152 610 S West End Street C101 2 590W Aspen real estate 061817 142152 610 S West End Street C101 3 190H Aspen real estate 061817 142152 610 S West End Street C101 4 190H  Aspen real estate 061817 142152 610 S West End Street C101 5 190H Aspen real estate 061817 142152 610 S West End Street C101 6 190H

MLS #142152 – Gant, Central Core, 610 S West End Street C101, Aspen, CO. Sold Price: $1,650,000/$1,289 sq ft; furnished. Aspen condo for sale. Ask Price: $1,795,000. (Original Price: $1,875,000 and 526 days on the market since 01/04/2016.) This is a 1972 built and 2010 remodeled, 3 bedroom/3 bath, 1,280 sq ft condo. Broker comments are “Fantastic 3-bedroom, 3-bath condo at the Gant at a great price! This Deluxe-rated, ground-floor corner unit offers prime access to town and resort amenities. This property is sold furnished and was recently remodeled in 2011, with cozy décor that is alpine inspired and brings the outdoors in. During winter, toast epic days of skiing around the wood-burning fireplace. Come summer, there’s no better place to be than The Gant! Meticulously landscaped grounds feature pools, hot tubs, grill areas, fire pits, and tennis courts. Location is key–downtown Aspen is just a short walk, while the Aspen Club, local trails and the Gondola are easily access, too. And with onsite management, dedicated concierge and convenient shuttle service to the airport, this is truly hard to beat!” 2016 taxes: $3,295; HOA Dues: $32,346 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/14/2017; Sold Date: 06/13/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

 

MLS #148086 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue #13-A, Aspen, CO. Sold Price: $1,465,000/$1,510 sq ft; furnished. More details below photos.
Aspen real estate 061817 148086 1034 E Cooper Avenue 13 A 1 590W  Aspen real estate 061817 148086 1034 E Cooper Avenue 13 A 2 590W  Aspen real estate 061817 148086 1034 E Cooper Avenue 13 A 3 190H Aspen real estate 061817 148086 1034 E Cooper Avenue 13 A 4 190H  Aspen real estate 061817 148086 1034 E Cooper Avenue 13 A 5 190H Aspen real estate 061817 148086 1034 E Cooper Avenue 13 A 6 190H

MLS #148086 – Chateau Eau Claire, Central Core, 1034 E Cooper Avenue #13-A, Aspen, CO. Sold Price: $1,465,000/$1,510 sq ft; furnished. Aspen condo for sale. Ask Price: $1,499,000. (Original Price: $1,499,000 and 84 days on the market since 03/21/2017.) This is a 1971 built and 2006 remodeled, 2 bedroom/2 bath, 970 sq ft condo. Broker comments are “A wonderful two bedroom condo perched above the Roaring Fork River and only a few short blocks away from Aspen’s commercial core. Open the door to the deck off the living room and listen to the mesmerizing sounds of the river below, you’d never know downtown Aspen is so close. Nicely finished and furnished, there’s a washer and dryer in the condo and a wood burning fireplace. Elevator access to this condo (in the middle of the building and away from the road) at the Chateau Eau Claire with a swimming pool and hot tub just steps away. Onsite parking makes life at this condo a breeze.” 2016 taxes: $3,045; HOA Dues: $3,632 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/29/2017; Sold Date: 06/13/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

 

MLS #144590 – Park, East Aspen, 409 Park Circle 3, Aspen, CO. Sold Price: $1,218,750/$740 sq ft; unfurnished. More details below photos.
Aspen real estate 061817 144590 409 Park Circle 3 1 590W  Aspen real estate 061817 144590 409 Park Circle 3 2 590W  Aspen real estate 061817 144590 409 Park Circle 3 3 190H Aspen real estate 061817 144590 409 Park Circle 3 4 190H
MLS #144590 – Park, East Aspen, 409 Park Circle 3, Aspen, CO. Sold Price: $1,218,750/$740 sq ft; unfurnished. Aspen condo for sale. Ask Price: $1,250,000. (Original Price: $1,250,000 and 378 days on the market since 05/18/2016.) This is a 1975 built, 3 bedroom/3 bath, 1,646 sq ft condo. Broker comments are “Great income property. Currently rented as two separate units. Easy walk to town and right on bus route. Both units rent for $4600 a month long term. Great remodel potential and great investment property.” 2015 taxes: $2,151; HOA Dues: $950 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/03/2017; Sold Date: 05/31/2017. (Photos and broker comments courtesy of Compass)
MLS #147905 – Lazy O Ranch, 1000/1002 Lazy O Road, Snowmass, CO: Sold Price: $4,900,000/$657 sq ft; unfurnished. More details below photos.
Aspen real estate 061817 147905 1000 1002 Lazy O Road 1 590W  Aspen real estate 061817 147905 1000 1002 Lazy O Road 2 590W  Aspen real estate 061817 147905 1000 1002 Lazy O Road 3 190H Aspen real estate 061817 147905 1000 1002 Lazy O Road 4 190H  Aspen real estate 061817 147905 1000 1002 Lazy O Road 5 190H Aspen real estate 061817 147905 1000 1002 Lazy O Road 6 190H

MLS #147905 – Lazy O Ranch, 1000/1002 Lazy O Road, Snowmass, CO: Sold Price: $4,900,000/$657 sq ft; unfurnished. Snowmass Village single family home for sale. Ask Price: $4,995,000. (Original Price: $4,900,000 and 107 days on the market since 02/28/2017.) This is a 2006 built, 5 bedroom/5 bath/2 half-bath, 7,453 sq ft single family home with 3 car garage on a 7.83 acres lot. Broker comments are “Serenity Found! Located in Old Snowmass in the heart of the 1,500 acre Lazy O Ranch, this spectacular home enjoys a private and peaceful setting with commanding views of the mountains and lush green pastures below. Thoughtfully designed by Studio B Architects, this spacious residence consists of five bedrooms, including the two bedroom, two bath guest residence and 7,453 square feet of improvements. The living and dining areas are gracious and warm and spill out onto the deck for great entertaining and evening sunsets. Sweeping views and beautiful light throughout. The gourmet kitchen is designed to have friends and family together with its breakfast and family den adjacent to the chef. The back patio is equally perfect for entertaining with outdoor dining, firepit and fun!” 2016 Taxes: $21,378; HOA Dues: $15,000 per Yr. Under Contract Date: 03/13/2017; Sold Date: 06/15/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Basalt).

 

Recent Estin Report tweets on Aspen Real Estate

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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 at 970.309.6163  or by emailThe Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to this website: The Estin Report on Aspen Real Estate.”

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