The Estin Report: Oct 2015 Aspen Snowmass Market Snapshot wasposted 11/01/15 inCurrent Reports.The Snapshots are released on or near the 1st Monday of the month.

See recent Before/After redevelopmentflip job’ examplesin Miscellaneous Info at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (08/24/15) 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.

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Market Activity Week 43, October 25 – November 1, 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 (10):MLS#’s:121285, 132514, 135331, 136307, 136674, 139480, 139606, 139609, 140492, 140500. This link is valid until 12/01/2015.

Under Contract/Pending (12):MLS#’s:139768, 133700, 136405, 138311, 139152, 139207, 139490, 139980, 140350, 140657, 141204, 141379. This link is valid until12/01/2015.

Aspen Snowmass Solds Last Week:

MLS #136674 – West Buttermilk, West Aspen, 501 W Buttermilk Road, Aspen, CO. Sold Price: $7,575,000/$982 sq ft; unfurnished. More details below photos.

MLS #136674 – West Buttermilk, West Aspen, 501 W Buttermilk Road, Aspen, CO. Sold Price: $7,575,000/$982 sq ft; unfurnished. Asking Price: $8,995,000. (Original Price: $9,995,000 and 349 days on the market since 11/11/14. Theproperty previously sold for $6M in Nov. 2011.) This is a 2008 built and 2012 remodeled, 7 bedroom/7 bath/2 half-bath, 7,707 sq ft single family home with 3 car garage on a 37 acre lot. Broker comments are “Unique opportunity to own a timeless design, 40-acre, West Buttermilk 7-bedroom estate. This iconic home is perfect for a local or second homeowner. Perfect for entertaining, the entry level features 30 foot ceilings, formal dining room area, an oversized great room with easy access to the back patio and large backyard. Also on the entry level is the master suite, complete with office and two en-suite guest bedrooms. The home’s lower level has a second entertaining area, and ,a two additional en-suite bedrooms. The home’s attached West Wing provides a private living area complete with two bedrooms, media room and full kitchen with separate entrance. This is a great home at a great value” 2014 Taxes: $24,781. Under Contract Date: 10/05/2015; Sold Date: 10/26/2015. (Photos and broker comments courtesy of Shane Aspen Real Estate)

MLS #136307 – West End, 518 W Smuggler, Aspen, CO. Sold Price: $6,350,000/$1,298 sq ft; unfurnished. More details below photos.

MLS #136307 – West End, 518 W Smuggler, Aspen, CO. Sold Price: $6,350,000/$1,298 sq ft; unfurnished. Asking Price: $6,995,000. (Original Price: $6,995,000 and 763 days on the market since 08/06/2013.) This is a 2004 built, 4 bedroom/4 bath/1 half-bath, 4,890 sq ft single family home with 2 car garage on a 4,500 sq ft lot. Broker comments are “Exquisite West End Home. This unique residence is richly appointed throughout. European details and state of the art design complete with spacious bedrooms and family room on lower level. Top floor Master Suite with top of the line finishes, along with private executive office. Terrific, comfortable home perfect for full time family or ”easy” vacation home with many amenities.” 2014 Taxes: $13,745. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/23/2015; Sold Date: 10/29/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)

MLS #140500 – Castle Creek, West Aspen, 33 Fall Creek Road, Aspen, CO. Sold Price: $5,050,000/$942 sq ft; unfurnished. More details below photos.

MLS #140500 – Castle Creek, West Aspen, 33 Fall Creek Road, Aspen, CO. Sold Price: $5,050,000/$942 sq ft; unfurnished. Asking Price: $5,850,000. (Original Price: $5,850,000 and 429 days on the market since 08/30/2013. The seller paid $4.3M in Sep 2005 and then extensively updated the home.) This is a 1978 built and 2013 remodeled, 5 bedroom/4 bath/1 half-bath, 5,356 sq ft single family home with 4+ car garage on a 435,600 sq ft lot. Broker comments are “The ultimate luxury river hideaway just 15 minutes from Aspen is a contemporary surprise with a recent interior remodel designed by Pembrooke & Ives of New York and local architects Rowland & Broughton. This gorgeous south-facing 5,356 Sq ft house set on 10 acres is designed to capture the soothing river sounds and magnificent views from every room, wrap around deck and stone terraced outdoor living room. With 2 master suites, a caretaker’s one bedroom cottage, garages for 4 cars plus space for all your toys, this home is the ultimate getaway for the active family or individual or couple seeking a private river estate yet with the conveniences of Aspen just down the road. Taking Back up Offers.” 2014 Taxes: $10,916. Under Contract Date: 09/06/2015; Sold Date: 10/28/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)

MLS #132514 – Riverside, East Aspen, Tbd S Riverside Avenue, Aspen, CO: Sold Price: $2,750,000. More details below photos.

MLS #132514 – Riverside, East Aspen, Tbd S Riverside Avenue, Aspen, CO: Sold Price: $2,750,000. Asking Price: $3,100,000. (Original Price: $3,100,000 and 600 days on the market since 12/30/2013.) This is a 6,087 sq ft vacant lot. Prime price and location for a developer buyer. Broker comments are “Rare building site located on the outside edge of the core within an easy walk to downtown. This lot has commanding views of Aspen Mountain and is adjacent to Anderson Park for added privacy. Seller has architectural sketch for a 5,167 Square Foot house including garage.” 2014 Taxes: $26,584. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/16/2015; Sold Date: 10/28/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #140492 – Timber Ridge, Central Core, 100 E Dean Street Unit 1-E, Aspen, CO. Sold Price: $749,000/$1,101 sq ft; furnished. More details below photos.

MLS #140492 – Timber Ridge, Central Core, 100 E Dean Street Unit 1-E, Aspen, CO. Sold Price: $749,000/$1,101 sq ft; furnished. Asking Price: $779,000. (Original Price: $779,000 and 82 days on the market since 08/07/2015.) This is a 1962 built and 2006 remodeled, 1 bedroom/1 bath, 680 sq ft condo. Broker comments are “A complete Rowland + Broughton Architects contemporary remodel was done to this spacious one-bedroom Aspen Condominium. The clever design provides a comfortable and efficient use of space. Ground floor convenience walks out to the common yard with south facing light and views. It’s located at the base of South Aspen Street with easy ski access to Lift 1A – home of World Cup Ski Racing in Aspen, and the 2017 World Cup Finals. Bamboo flooring is found throughout. Carrera Marble countertops, cherry cabinetry and stainless steel appliances highlight the kitchen. An industrial steel bar and backsplash accent the kitchen. A wood-burning fireplace warms the living room. Multiple built-ins and a large walk-in closet provide ample storage. A stackable in-unit washer and dryer and utility closet are located off the hallway. Sold furnished with modern Room and Board appointments. Low HOA dues, strong rental history with no short-term restrictions, and pets allowed for owners make this a versatile property. The exterior 3.5′ x 18″ storage unit is ideal for summer skis and snowboard storage. Timber Ridge I-E is adjacent to Koch Park and Little Cloud Trail and walking distance to everything Aspen. This unit checks all the boxes for a downtown Aspen Condominium.” 2014 Taxes: $1,570; HOA Dues:$1,100 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/20/2015; Sold Date: 10/28/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #121285 – Alpine Grove, West Aspen, 414 A Pacific Avenue, Aspen, CO. Sold Price: $508,500/$634 sq ft; unfurnished. More details below photos.

MLS #121285 – Alpine Grove, West Aspen, 414 A Pacific Avenue, Aspen, CO. Sold Price: $508,500/$634 sq ft; unfurnished. Asking Price: $520,000. (Original Price: $579,000 and 1,602 days on the market since 06/03/2011.) This is a 2002 built, 2 bedroom/1 bath, 802 sq ft condo on a 802 sq ft lot. Broker comments are “Very special Alpine Grove unit located on the first floor with large, private back patio just perfect for dining al fresco or just relaxing amongst the beautiful flowers and mountain views. This unique condo offers an open kitchen with breakfast bar, slab granite counter tops, window seat, surround sound speakers, two comfortable bedrooms and one full bathroom. Must See!” 2013 Taxes: $655; HOA Dues:$1,220 per Qtr. Under Contract Date: 09/16/2015; Sold Date: 10/26/2015. (Photos and broker comments courtesy of Whitman Fine Properties)

MLS #139606 – Smuggler Park, Smuggler, 306 Oak Lane, Aspen, CO. Sold Price: $460,000/$532 sq ft; unfurnished. More details below photos.

MLS #139606 – Smuggler Mobile Park, Smuggler Area, 306 Oak Lane, Aspen, CO. Sold Price: $460,000/$532 sq ft; unfurnished. Asking Price: $529,000. (Original Price: $529,000 and 138 days on the market since 06/10/2015.) This is a 1973 built, 2 bedroom/1 bath, 864 sq ft mobile home/modular on a 3,119 sq ft lot. Broker comments are “Incredible value in Smuggler Park. South facing lot with wonderful Aspen Mountain views on the best street in Smuggler. This lot allows a 2,500 sq ft home, or can build larger with creativity. Unusual lot shape allows amazing opportunity to capture more sun and more views from more rooms. Located 5 minutes from the Aspen Core and on bus route that runs every 20 minutes. In Aspen School District. No value was given to Mobile Home, which needs major TLC. Bring the dogs, bring the kids and build your dream home on the least expensive lot in Aspen!” 2014 Taxes: $1,205; HOA Dues:$175 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/09/2015; Sold Date: 10/26/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #139609 – Smuggler Mobile Park, Smuggler Area, 306 Oak Lane, Aspen, CO: Sold Price: $460,000. More details below photos.

MLS #139609 – Smuggler Park, Smuggler, 306 Oak Lane, Aspen, CO: Sold Price: $460,000. Asking Price: $529,000. (Original Price: $529,000 and 138 days on the market since 06/10/2015.) This is a 3,119 sq ft vacant mobile home lot. Broker comments are “Incredible value in Smuggler Park. South facing lot with wonderful Aspen Mountain views on the best street in Smuggler. This lot allows a 2,500 sq ft home, or can build larger with creativity. Unusual lot shape allows amazing opportunity to capture more sun and more views from more rooms. Located 5 minutes from the Aspen Core and on bus route that runs every 20 minutes. In Aspen School District. No value was given to Mobile Home, which needs major TLC. Bring the dogs, bring the kids and build your dream home on the least expensive lot in Aspen!” 2014 Taxes: $1,205; HOA Dues: $175 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/09/2015; Sold Date: 10/26/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #139480 – Country Club Villas, Snowmass Village, 150 Snowmass Club Circle Unit 1637, Snowmass, CO: Sold Price: $685,000/$686 sq ft; furnished. More details below photos.

MLS #139480 – Country Club Villas, Snowmass Village, 150 Snowmass Club Circle Unit 1637, Snowmass, CO: Sold Price: $685,000/$686 sq ft; furnished. Asking Price: $695,000 (Original Price: $695,000 and 1,328 days on the market since 12/13/2011.) This is a 1987 built and 2012 remodeled, 2 bedroom/2 bath, 998 sq ft condo. Broker comments are “Enjoy incredible views, and privacy in this special top floor villa. Extra windows that only come with a corner unit add light and stunning vistas from every room. Vaulted ceilings with wooden beams soar above the great room, with the wood burning fireplace and custom cabinetry creating a warm ambiance. Granite countertops throughout, and a cozy kitchen with breakfast bar and classy pendant lighting. Entertain on the west facing deck as sun sets over the mountains and you will never want to leave this private space. One of the most requested Villa rental units…. a must see for any two bedroom buyers. Comes complete with a Snowmass Club membership, including $35/round golf, pools, tennis, restaurant, world-class athletic club, and spa.” 2014 Taxes: $818; HOA Dues: $2,664 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/10/2015; Sold Date: 10/21/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #135331 – Crestwood, Snowmass Village, 400 Wood Road #2111, Snowmass, CO: Sold Price: $510,000/$505 sq ft; furnished. More details below photos.

MLS #135331 – Crestwood, Snowmass Village, 400 Wood Road #2111, Snowmass, CO: Sold Price: $510,000/$505 sq ft; furnished. Asking Price: $585,000 (Original Price: $625,000 and 470 days on the market since 07/16/2014.) This is a 1970 built and 2012 remodeled, 2 bedroom/2 bath, 1,008 sq ft condo. Broker comments are “A sweet corner two bedroom + two bath location, the interior has been completely renovated, including hard wood floors, new baths and fireplace…vanity area in master could very easily include a washer/dryer, should you desire your own; otherwise laundry facility in the building.” 2014 Taxes: $2,372; HOA Dues: $18,711 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/18/2015; Sold Date: 10/29/2015. (Photos and broker comments courtesy of Aspen Snowmass Properties|BJ Adams and Company-SMV)

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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 byemail.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 Reporton Aspen Real Estate.”

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