Tim Estin is an active Aspen real estate broker with Coldwell Banker 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 or semi-annually, 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.
State of the Aspen Real Estate Market
Click image for executive summary and complete report pdf. Released Oct. 6, 2011
Last Week’s Market Highlights – Aspen Snowmass real estate weekly sales statistics and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 in the upper Roaring Fork Valley excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.
Aspen Market Commentary:
11/21/11 Aspen High End Surges Onward; Over $15MM Category +300% in 2011: : Read full blog post and Listen to KAJX/Aspen Public Radio Tues. 11/22/11 interview
Under Contract / Pending (6): MLS #s120920, 123341, 123097, 123269, 120282, 116529. This link is valid for 30 days until 12/27/2011. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.
Closed (4): MLS #s 119757, 113700, 118569, 122055. This link is valid for 30 days until 12/27/2011.
Aspen Snowmass Solds Last Week:
MLS #119757 – Aspen, newer West End single-family home, 631 W. Bleeker Street, Aspen, CO: Sold Price: $4,250,000/$1,044 sq ft unfurnished. More details below photos.
MLS #119757 – Aspen, newer West End single-family home, 631 W. Bleeker Street, Aspen, CO: Sold Price: $4,250,000/$1,044 sq ft unfurnished. The home is located across the street from the Aspen Historical Society, a beautiful open and mature cottonwood treed full city block containing the AHS; Ask Price: $4,995,000. (Original Price: $4,995,000 and 279 days on the market since 02/13/2011.) This is a 2006 built, 4 bedroom/4 bath/1 half bath, 4,070 sq ft single-family home with 2 car garage in the West End. Broker comments are, “Put a modern twist on the Victorian era! This newly-built home located in the desirable West End is one of Aspen’s finest residences. From the Italian porcelain to the state-of-the-art home theatre, this four-bedroom, and four-and-one-half bathroom home has it all. There is a nice feel of openness with the Aspen Historical Society Museum and park located across the street. Find yourself close to everything Aspen has to offer from skiing at one of our four world class ski-areas in the winter and the Aspen Music Festival & School in the summer.” 2010 Taxes: $9,492. Under Contract Date: 09/28/2011; Sold Date: 11/18/2011. (Photos and broker comments courtesy of Aspen R.E. Co.)
MLS #113700 – Aspen, West Aspen single-family home, 9 Pyramid Road, Aspen, CO: Sold Price: $8,670,000/$956 sq ft furnished. More details below photos.
MLS #113700 – Aspen, West Aspen single-family home, 9 Pyramid Road, Aspen, CO: Sold Price: $8,670,000/$956 sq ft furnished; Ask Price: $10,750,000. (Original Price: $11,800,000 and 744 days on the market since 11/04/2009.) This is a beautiful 2006 built, 5 bedroom/6 bath/2 half bath, 9,067 sq ft single-family contemporary home with 3 car garage in the Aspen Tennis Club subdivision. Broker comments are, “Award-winning contemporary home filled with light and built with energy efficiency and access to the outdoors in mind. Furniture and furnishings by designer Larry Laslo. Turn-key. Comfortable, Japanese gardens, views, gym, media, many extras, etc. Within 3 minutes of town.” 2010 Taxes: $16,008; HOA Dues approx: $1,000 Yr. Under Contract Date: 09/09/2011; Sold Date: 11/17/2011. (Photos and broker comments courtesy of Joshua & Co of Aspen.)
MLS #118569 – Aspen, West Aspen teardown home lot, 10 Maroon Drive, Aspen, CO: Sold Price: $3,300,000/$2,141 sq ft unfurnished. Buyer is same buyer as 9 Pryamid Rd above, the adjacent property. The photos are illustrations/schematics of a proposed new home on the lot. More details below photos.
MLS #118569 – Aspen, West Aspen teardown home lot, 10 Maroon Drive, Aspen, CO: Sold Price: $3,300,000/$2,141 sq ft unfurnished. Purchased by buyer of 9 Pyramid Rd above. This is the adjacent lot. The photos are illustrations/schematics of proposed new home; Ask Price: $3,595,000. (Original Price: $3,595,000 and 393 days on the market since 10/21/2010.) This is a 1971 built/1980 remodeled, 3 bedroom/2 bath, 1,541 sq ft single-family home with 2 car garage in the Aspen Tennis Club subdivision. Broker comments are, “Rare 1+acre site in Aspen Tennis Club subdivision with stunning views up Maroon Creek Valley, Aspen Highlands, and Buttermilk ski areas. Overlooking beautiful Maroon Creek and Maroon Creek Club’s 9th hole, this property features mature trees and lawn with liveable 3 bed/2 bath cottage, just 1/2 mile to roundabout. County approved plans for 8,300 sq.ft house and TDR included.” 2010 Taxes: $6,643; HOA Dues: TBD. Under Contract Date: 09/13/2011; Sold Date: 11/17/2011. (Photos and broker comments courtesy of Coldwell Banker Mason Morse Real Estate.)
MLS #122055 – Snowmass Village, Horse Ranch single-family home, 94 trail Rider Lane, Snowmass Village, CO: Sold Price: $2,650,000/$757 sq ft furnished. More details below photos.
MLS #122055 – Snowmass Village, Horse Ranch single-family home, 94 trail Rider Lane, Snowmass Village, CO: Sold Price: $2,650,000/$757 sq ft furnished; Ask Price: $2,975,000. (Original Price: $2,975,000 and 122 days on the market since 07/19/2011.) this is a 2000 built, 4 bedroom/3 bath/1 half bath, 3,499 sq ft single-family home with 2 car garage in Horse Ranch subdivision. Broker comments are, “Craftsman finishes with a contemporary twist perfectly settled into nature. Just steps to the Rim Trail. Private with a sweet view of the Snowmass ski trails. Stone patio, sunken hot tub, decks, private office, perennial gardens with water feature. Custom build, 2nd owner, beautifully cared for and easy to show.” 2010 Taxes: $11,546; HOA Dues: $190 Yr. Town of Snowmass Village Transfer Tax of approx. 1% payable by buyer. Under Contract Date: 09/29/2011; Sold Date: 11/17/2011. (Photos and broker comments courtesy of BJ Adams & Co.)
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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 Real Estate Market, By Tim Estin, mba, gri.”