Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds with the button on the left.

Link to The Estin Report: Aspen Snowmass Real Estate 2010 Year End Summary

Last Week’s Market Highlights – Aspen Snowmass Real Estate Sales and Under Contract Activity: It is typical this time of year, April and May, for a number of properties to be brought under contract and close. This reflects the fact that buyers have been shopping in the key winter ski months of Jan, Feb. and Mar., and making their moves in March and April. This spring spike in sales is quite common, and it is the period in which sales are completed and get recorded. Last week’s real estate sold and under contract activity appears below for the upper Roaring Fork Valley for all property types over $250,000 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted here to preserve an archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (2): MLS # 111859, 120654. This link is valid for 30 days until 6/8/2011.Photos of under contract properties are not posted unless special circumstances dictate.

Closed (5): MLS # 118947, 118532, 117200, 116793, 115026. This link is valid for 30 days until 6/7/2011. Photos and property descriptions appear below.

Featured Aspen Sold Property Last Week: MLS #117200 – Single family home, Meadowood Sub-division, 181 Larkspur Lane, Aspen, CO: Sold Price: $6,975,000/$696 sq ft.

MLS #117200 – Single family home, Meadowood Sub-division, 181 Larkspur Lane, Aspen, CO: Sold Price: $6,975,000/$696 sq ft; Ask Price: $7,995,000/$798 sq ft. (Original Price: $12,750,000 and 944 days on the market since 11/16/07). This is a new 2007 built, 10,021 sq ft home with 5 bedrooms/5 baths/3 half baths and a 3-car garage and separate artists studio. Depending on buyer opinion, my experience indicated this property probably required at least $1M in redesign and upgrade work because of design peculiarities and limitations. This additional expense should be factored into the total sold price adding a minimum of $100 sq ft to the price. The broker’s comments are, “Situated on .93 acres of land amidst 100 yr old conifers & mature gambel oak trees, Meadowood Manor offers 10,021 square feet of opulent indoor living space as well as 3711 square feet of outdoor entertaining space. Spectacular views from Hunter Creek to Willow Creek can be enjoyed from the floor-to-ceiling windows as well as from the expansive decks, patios, & terraces. Features include cathedral ceilings, custom cabinetry & millwork, integrated color plaster walls, master suite w/2 private balconies & sun-drenched office, gourmet kitchen with professional-grade appliances & separate butler’s pantry, 5 fireplaces, wine cellar, intimate library, authentic stonework accented with Italian stucco, sustainably harvested exotic wood floors, & remote studio space w/a variety of potential uses.” 2010 Taxes: $35,869 Yr; HOA Dues: $3,112 Yr. Under Contract Date: 03/18/2011; Sold Date: 5/03/2011.(Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #118532 – West End single family home, 635 W Bleeker Street, Aspen, CO: Sold Price: $3,550,000/$1,099 sq ft; Ask Price: $3,875,000/$1,200 sq ft (Original price: $4,100,000 and 205 days on the market since 10/11/10.) This is a 1888 built/2004 remodeled Aspen victorian with 3 bedroom/4.5 baths, 3,230 sq ft, 1-car garage on 4,200 sq ft corner lot. The broker’s comments are, “Originally built in 1888, then restored and rebuilt in 2004, this Historic Victorian enjoys contemporary touches; light fixtures, sound system throughout, kitchen and bath designs, lovely furnishings, and cubic volume. Media Room could be 4th bedroom. Pretty backyard complete with hot tub. 1 car detached garage. Corner lot with Museum Open Space across the street. Kitchen, Dining and Living room open for entertaining. Two Master suites ” 2009 Taxes: $7,923 Yr. Under Contract Date: 02/14/11; Sold Date: 05/04/11. City of Aspen RETT Transfer Tax of 1.5% applies. (Photos and description courtesy of CB The Aspen Brokers, LTD.)

MLS # 116793 – Single family Starwood home “giveaway”, 567 N Starwood Drive Aspen, CO: Sold Price: $1,975,000/$431 sq ft; Ask Price: $2,499,000/$545 sq ft. Original Price: $5,950,000 and 867 days on the market since 06/10/11.) This is a 1977 built/1995 remodeled Starwood home (Aspen’s only gated community and former home of John Denver and Saudi Prince Bandar’s 55,000 sq ft home) with 5 bedrooms/4 baths, 1-car garage on 2.17 acres.The broker’s description is, “A unique design by Larry Yaw, nestled in groves of Aspen trees will give you peace and tranquility. Located in the private gated community of Starwood. There are views of Capital Peak, Mt. Daly, Mt. Sopris, and across Starwood Ranch to Woody Creek. Enjoy the lifestyle Starwood has to offer with this special property.” 2009 Taxes: $14,138 Yr. Under Contract Date: 03/03/11 ; Sold Date:4/29/11 . (Photos and description courtesy of Mason Morse Real Estate.)

MLS # 115025 – Lift One Condo, Aspen Core, 131 E Durant Avenue 209 Aspen, CO: Sold Price: $600,000/$ sq ft; Ask Price: $696,000/$1,105 sq ft. (Original Price: $746,550 and 432 days on the market since 02/24/10.) This is a 1 bedroom/1 bath, 630 sq ft 1972 built/2008 remodeled condo sold furnished. The broker’s comments are, Extremely good rental history. Very upscale, fully remodeled and furnished 1 bedroom, 1 bathroom unit. Central core location just 2 1/2 blocks from the Gondola. Ski-in/ski-out access from Lift 1-A. Top-of-line details include kitchen with raw edge granite counter tops & full back splash, custom maple cabinetry, under counter lighting, deep stainless steel sink, Bosche dishwasher, convection microwave, convection oven and washer /dryer in unit. Radiant heat. Bathroom with Whirlpool tub. Living room with hardwood floors. 2 Sony flat screen TVs. Heated ski locker. Patio that looks toward the mountain. Heated pool & Jacuzzi. Elevator! Check out the competition. You’ll see it is extremely well priced and stacks up really well against the competition. Great view. Low HOA.” 2009 Taxes: $2,265 Yr; HOA Dues: $ 5,298 Yr plus management fee. Under Contract Date: 03/23/11; Sold Date: 05/02/11. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #118947 – Terrace House Condo, 65 Campground Lane #93 Snowmass Village, CO: Sold Price: $540,000/$721 sq ft; Ask Price: $565,403/$755 sq ft. (Original Price: $579,900 and 154 days on the market since 11/30/10.) The broker’s description is, ” Beautifully remodeled corner unit with great views. Well maintained complex with easy ski in/out access. Steps from the Village Express lift and all that the new base village has to offer including the Treehouse Children’s Center. Great rental history. Free bus service to the other three ski areas nearby. Sold with furnishings.This is a bank sale: Special Warranty Deed. No Sellers property Disclosure. Cash offer, funds must be verified. Prequalification with Bank of America. Loan can be acquired with any Lender. Free credit report and Appraisal if loan through Bank of America. ” 2010 Taxes: $2,539 Yr; Town of Snowmass Village Transfer Tax of 1% payable by buyer. Under Contract Date:04/01/11; Sold Date: 05/03/11. (Photos and description courtesy of Mason Morse Real Estate.)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s Aspen Real Estate Blog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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Disclaimer: The statements made in The Estin Report and on 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 970.920.7387 or by email.The Estin Report is copyrighted 2011 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com”