The Estin Report: 1st Half 2015 State of the Aspen Market Report will be released soon. May and YTD 2015 Aspen Snowmass Real Estate Monthly Market Snapshot was released late Monday, 06/02/15 inCurrent Reports. The June 2015 Market Snapshot is forthcoming this week, July 6th. The Snapshots are released on or near the 1st Monday of the month.
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 -05/07/15) 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 27, June 28 – July 5, 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 (4): MLS #’s:133068, 138131, 121721, 136429. This link is valid until 08/04/2015.
Under Contract/Pending (6):
MLS#’s:137252,136191,136528,139554,139608,139643,139850. This link is valid until08/04/2015.
Aspen Snowmass Solds Last Week:
MLS #133068 – East Aspen, 351 Park Avenue, Aspen, CO: Sold Price: $5,500,000/$1,398 sq ft; furnished. River frontage home in Aspen Core (Smuggler area) . More details below photos.
MLS #133068 – East Aspen, 351 Park Avenue, Aspen, CO: Sold Price: $5,500,000/$1,398 sq ft; furnished. River frontage home in Aspen Core (Smuggler area); Asking Price: $5,895,000. (Original Price: $6,295,000 and 503 days on the market since 02/14/2014. It went under contract on 09/09/2014.) This is a 1999 built, 4 bedroom/4 bath/1 half-bath, 3,933 sq ft single family home with 2 car garage. Broker comments are “Located at the end of a private driveway and nestled on the Roaring Fork River, this spacious home offers the best of both worlds. Walking distance to downtown Aspen, with views of the roaring Fork River and Aspen Mountain, adjacent to a city park that provides the perfect private retreat. Step into a dramatic great room with soaring ceilings, and a cozy deck overlooking the river and beautiful Aspen trees. Multi-level home offers guests and family members their own privacy and space, including a separate media room on the bottom floor with children’s bedroom furnished with fun bunk beds. Master bedroom features views over looking river, a deck with a jacuzzi tub, steamer shower and large sunken tub. Upstairs bedroom offers separate entrance and kitchenette with deck over looking River.” 2013 Taxes: $9,393. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/09/2014; Sold Date: 07/02/2015. (Photos and broker comments courtesy of Aspen Associates Realty Group LLC)
MLS #138131 – Riverside Subdivision, East Aspen, 108 Midland Ave, CO: Sold Price: $3,612,500/$894 sq ft; unfurnished. More details below photo.
MLS #138131 – Riverside, East Aspen, 108 Midland Ave, CO: Sold Price: $3,612,500/$894 sq ft; unfurnished; Asking Price: $3,795,000. (Original Price: $3,795,000 and 65 days on the market since 03/20/2015.) This is a 1982 built, 5 bedroom/5 bath, 4,040 sq ft single family home with 2 car garage on a 15,018 sq ft lot. Broker comments are “Absolutely gorgeous property on Midland Ave. This 15,000 square foot lot sits above Midland Ave just off Hwy 82 and has spectacular views of Aspen Mountain, Red Mountain, and down valley toward Mt. Sopris. The floor plan: Approx. 4,040 SF, 3 stories, 5 bedrooms, 5 baths, Sauna, Jacuzzi, 3 wood burning fireplaces, 1 large two car garage, and multiple entertaining areas. Views, freedom of design, close proximity to the bus route and most importantly, within walking distance of downtown. Truly the complete package!” 2014 Taxes: $9,405. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/11/2015; Sold Date: 07/02/2015. (Photos and broker comments courtesy of Aspen Associates Realty Group LLC)
MLS #121721 – Starwood, McLain Flats, Tbd Eppley, Aspen, CO: Vacant lot. Sold Price: $3,600,000. More details below photos.
MLS #121721 – Starwood, McLain Flats, Tbd Eppley, Aspen, CO. Vacant lot sale. Sold Price: $3,600,000. Asking Price: $4,250,000. (Original Price: $5,900,000 and 1,346 days on the market since 06/27/2011.) This is a 2.3 acre or 102,366 sq ft vacant lot. Broker comments are “Owner says sell ! Offered with owner financing. Front row on Eppley Dr in Starwood. This gently rolling hillside lot offers Independence to Sopris views, with Aspen City lights below with plenty of yard and outdoor entertaining to enjoy it all. This parcel may be purchased for a build to suit custom home or purchase the completed home from Bowden Development at $19,980,000 but act fast. Parcels like this don’t come along often.” 2012 Taxes: $31,988; HOA Dues: TBD per Month. Under Contract Date: 06/01/2015; Sold Date: 06/24/2015. (Photos and broker comments courtesy of Bowden Properties)
MLS #136429 – Aspenwood Condominium, Snowmass Village, 600 Carriage Way K9 & K10, Snowmass, CO: Sold Price: $930,000/$581 sq ft; furnished. More details below photos.
MLS #136429 – Aspenwood Condominium, Snowmass Village, 600 Carriage Way K9 & K10, Snowmass, CO: Sold Price: $930,000/$581 sq ft; furnished. Asking Price: $997,500 (Original Price: $1,095,000 and 256 days on the market since 10/16/2014.) This is a 1967 built and 2013 remodeled, 3 bedroom/3 bath, 1,600 sq ft condo on a 1,600 sq ft lot. Broker comments are “You need to see it to believe it! Completely remodeled 3 bedroom Aspenwood with an additional 500 square feet of new space built for a total of 1,600 square feet all on one level ! Located steps away from the slopes, the Westin, and the Snowmass Mall and close to parking. Large windows throughout to let in all the Colorado sunshine. Kitchen has all the finishing touches with granite countertops, Subzero refrigerator, Jennair cooktop and convection oven. Stacked stone gas fireplaces in living and master bedroom. Master bath with Kohler jetted tub and shower. Guest master bath features a steam shower.” 2014 Taxes: $1,810; HOA Dues: TBD. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/30/2015; Sold Date: 06/29/2015. (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.”