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 (3): MLS # 120989, 106200, 109752. This link is valid for 30 days until 6/13/2011. Photos and description of pending properties are not posted unless special circumstances warrant.

Closed (6):MLS # 116423, 119944, 109492, 119198, 120102, 119100. This link is valid for 30 days until 6/13/2011. Photos and property descriptions appear below.

Featured Aspen Sold Property Last Week: MLS #109492 – Maroon Creek Subdivision, 691 Pfister Drive Aspen, CO: Sold Price: $11,250,000/$966 sq ft. More property descriptions below.

MLS #109492 – Maroon Creek Subdivision, 691 Pfister Drive Aspen, CO: Sold Price: $11,250,000/$966 sq ft; Ask Price: $15,950,000/$1,369 sq ft. (Original Price $16,350,000 and 828 days on the market since 02/10/09.) The broker’s description is, “This fantastic home is located in the Maroon Creek Club overlooking the Maroon Creek Golf Course with great views. Circular driveway complete with waterfall and end of the road privacy. Office with conference room, theater, billiards room, wine cellar, open kitchen living area and much more.” 2009 Taxes: $28,142 YR; HOA Dues: $3,144 Yr.Under Contract Date:04/05/11; Sold Date:05/09/11. (Photos and description courtesy of Joshua & Co of Aspen.)

MLS #116423 – Alpenblick Condominium, 710 S. Mill #8 Aspen: Sold Price: $2,100,000/$1,265 sq ft;
Ask Price: $2,349,000/$1,416 sq ft. (Original Price $2,799,000 and 376 days on the market since 05/21/10.) This is a 1965 built/2009 remodeled 3 bedroom/3.5 bath 1,659 sq ft condo with front desk management, pool, jacuzzi, ect. just uphill of the Grand Hyatt near Aspen Mountain Gondola.The broker’s description is, “Remodeled in 2009 with only top of the line finishes. Excellent location close to restaurants, shops and gondola. One of the most popular complexes in Aspen. Great rental or second home to be next to all the fine amenities that Aspen has to offer.”2009 Taxes: $3,805 Yr; HOA Dues: $2,815 Qtr. Under Contract Date: 03/14/11; Sold Date:05/12/11. (Photos and description courtesy of LJ Erspamer Distinctive Real Estate.)

MLS #119944 – Obermeyer Place Condominium, 102 Founders Place Unit 301, Aspen, CO: Sold Price: $4,000,000/$1,480sq ft; Ask Price: $ /$ sq ft. (Original Price: $4,300,000 and 74 days on the market since 02/28/11.) This is a 2006 built, 2,701 sq ft, 3 bedroom/3.5 bath condo with private 500 sq ft 2-car garage located in one of the only newer Aspen mixed use development complexes, Obermeyer Place on the north side of Main Street behind the Pitkin County Courthouse. The broker writes, “One level living in this exquisite top floor Penthouse. In like new condition and tastefully decorated by McGuire+Lake Design in a contemporary style. Unit 301 features a AMX control system for lighting, audio, visual, and drapery. Extra large living area with reclaimed ash flooring, extensive lighting details, plaster walls and built in cabinets. Access from Obermeyer courtyard elevator or from a private elevator to the unit and the private two car garage. A large deck features view of Aspen Mt and the master bedroom deck has views Hunter Creek. Fully furnished and accessorized, ready to enjoy with its close proximity to ski lifts and downtown activities.Location: East Main to North Spring Street. Park in semi circle Obermeyer parking. Overlook building is on the south side of project. Building 102 Founders, Unit 301. Take elevator to third floor to unit.” 2010 Taxes: $9,548 Yr; HOA Dues: $4,060 Qtr. Under Contract Date:03/14/11; Sold Date: 05/12/11 . (Photos and description courtesy of Peak Properties of Aspen Inc.)

MLS #119198 – Timberline Condominiums, 690 Carriage Way A-3e Snowmass Village, CO: Sold Price: $870,000 /$707 sq ft; Ask and Original Price: $949,000/$773 sq ft. and 139 days on the market since .) The broker’s description is, “Enjoy the views, light and privacy from this corner unit located on the edge of the property at Timberline. Perfectly set up for families with kids with two bedrooms and a sleeping loft with three beds. The top-floor, corner location provides true vaulted ceilings. Mountain rustic style, casual furnishings and finishes. Enjoy the brand new slopeside outdoor heated pool, hot-tubs, firepit, fitness and steam rooms and a new on-site restaurant.” 2010 Taxes: $3,661 Yr; HOA Dues: $940 mos. Under Contract Date:3/25/11; Sold Date:05/09/11. Town of Snowmass of 1% payable by buyer. (Photos and description courtesy of BJ Adams and Company.)

MLS #120102 – Red Mountain single family home, 979 Red Mountain Road Aspen, CO: Sold Price: $5,275,000;$878 sq ft;
Ask Price: $ /$ sq ft. (Original Price: $6,995,000 and 307 days on the market since 03/28/11.) This is a 1976 built/2006 remodeled 4 bedroom/4.5 bath, 6,005 sq ft home with expansive views on 1 acre with 2-car garage. The broker’s description is, “This renovated four bedroom home features light infused interiors customized with hardwood floors, stone countertops and modern cabinetry to create a relaxed, contemporary sanctuary. The 42,000 square-foot lot takes advantage of the spectacular views of not only Aspen Mountain, but the surrounding peaks as well. Price includes plans by Bill Poss & Associates for a 8,250 square-foot new home. Contact Listing Agent to discuss development potential.” 2010 Taxes: $9,966 Yr. (Photos and description courtesy of CB The Aspen Brokers, LTD .)

MLS #119100 – Fasching Haus Condominium, 747 S Galena Street #230/330 Aspen, CO: Sold Price:$1,200,000/$797 sq ft; Ask and Original Price:$1,495,000/$993 sq ft 152 days on the market since 12/13/10 .) The broker’s description is, “Prime corner location, largest unit in complex, 1,506 sq ft. This 2-bedroom, 3-bathroom condo can be easily converted back into 3 bedrooms. Excellent sun and Aspen Mountain views, sold unfurnished.” 2010 Taxes: $4,710 Yr; HOA Dues: $3,979 Qtr. Under Contract Date: 2/3/11; Sold Date: 3/13/11. (Photos and description courtesy of BJ Adams and Company.)

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”