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Market Highlights from Last Week:

o Aspen single family homes (3) sold
o Aspen condos (2 sold)
o Aspen vacant residential lot in the Core (1) sold
o Snowmass single family homes (2) sold
o Snowmass Village condos (2) sold

Last Week’s Aspen and Snowmass Sales and Under Contract Activity: Last week’s real estate sales activity appears below for the upper Roaring Fork Valley for all property types over $250,000 excluding fractionals in Aspen, Snowmass Village, Woody Creek and Old Snowmass (although Residences at Little Nell and Dancing Bear are included due to their higher fractional price points). Because the MLS link(s) to photos and property details expire after 30 days, photos and descriptions of the closed properties are posted to preserve an archive of sold market activity.

For a Spreadsheet Summary of the past week’s sales and under contract activity, see The Estin Report: Aspen Snowmass Weekly Sales Statistics Oct 3 – 10, 2010 For map / additional photos / enhanced detail of these sold and under contract properties in pdf, click here.

Closed (10): MLS # 117839, 102523, 116890, 111498, 116997, 112655, 118462, 109190, 117043, 116204 Link is valid for 30 days until 11/09/10.


MLS#117839 – Aspen townhome, 715 E. Hopkins #2, Aspen Core, Aspen, CO: Sold Price:$2,605,000/$1,152 sq ft; Ask and Original Price: $3,100,000/$1,371 sq ft. 53 days on the market. This is an Aspen core townhome/duplex, 4 bdrms/ 4 bath, 2,261 sq ft built in 1981 with a 2-car garage. There are no list broker comments. In my opinion, this is a somewhat dated, terrifcally located downtown property 2-3 blocks from Gondola, City Market and shopping/restaurants. The garage is an important in-town feature and does not get factored in the price per $/sq ft necessarily, but it should be considered. 2007 Taxes: $6,818; HOA Dues: $2,800 yr. City of Aspen RETT Transfer Tax 1.5% applies to buyer. (Photos and description courtesy of Houston & Gorog )


MLS #102523 – single family home, 91 E. Lupine Dr, Aspen, CO: Sold Price:$5,270,000/$980 sq ft; Ask Price: $5,995,000/$1,114 sq ft. (Original Price: $7,995,000 and 1,004 days on the market). This is a 2008 built 5 bdrm/5.5 bath 5,379 sq ft contemporary home on .35 acres sold furnished, artwork is excluded. Broker comments, ” One of a kind, over the top modern contemporary home designed by Studio B Architects! Features include an open floor plan, floor to ceiling windows, extensive art walls & art spaces, radiant heat & air conditioning throughout, 2600 bottle glass wine room, exercise room, office, 2 car garage, private & partially heated rear patio, and a rooftop deck overlooking Aspen Mountain & Independence Pass. Winner of the 2008 American Institute of Architects Honor Award for Residential Design and the Merit Award for Built Architecture.” 2009 Taxes: $13,258 Yr; HOA Dues: $125 Yr. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s International Real Estate)


MLS #116890 – single family home 1113 Waters Ave, Calderwood Subdivision, Aspen, CO: Sold Price: $3,500,000/$930 sq ft; Original and Ask Price: $3,975,000/$1,056 sq ft (114 days on the market). This is a 2000 built, 4 bdrm/ 3 bath, 3,763 sq ft home with 1-car garage on the perimeter of the Aspen Core approx. 4-5 blocks from the Gondola. The listing broker comments are, “Peaceful and serene setting located just steps away from the downtown core of Aspen. Large 12,000+ sq. ft. lot with immaculate landscaping surrounded by aspen and evergreens. End of the road on cul-de-sac. 4 bedroom home (+ office) with over 3,700 sq. ft.of space and privacy. Enjoy skylights and large windows providing natural light. Two fireplaces. Decks off living area and master bedroom.” 2009 Taxes: $9,286 Yr; HOA Dues: none. City of Aspen RETT Transfer Tax of 1.5% applies to the buyer. (Photos and description courtesy of Leverich & Carr).


MLS#111498 – single family home, 101 Maple Ln, Smuggler Park, Aspen, CO: Sold Price: $1,850,000/$552 sq ft; Ask Price: $1,750,000/$524 sq ft. (Original Price: $3,750,000 and 479 days on the market). This is a 2004 built, 3 bdrm/3.5 bath, 3,350 sq ft, 2-car garage on a small 3364 sq ft trailer size lot.The difficulty this property had in finding a buyer was the its location – both perfect and troublesome…it is within walking distance to almost everything, on a bus line, amazing drop dead Aspen Mtn views,and beautiful contemporary fairly new home, but…it backs up to Smuggler trailer court and is, in fact, part of the mobile home subdivision. The homes dimensions are that of a “double wide” trailer. At the end, there were multiple bids and it sold quickly after price was reduced to $1.75M, at $100,000 over the final ask. To me, the ‘winner’ got an amazing buy. The list broker description is, “Custom built home by the builder/owner with attention to details, high end finishes, and materials imported from Italy, France, Africa & Portugal. Features include 3 bedrooms, 3.5 baths, 3,350 square feet, chef’s kitchen with pantry, master suite with Sub-Zero refrigerator, coffee bar, & fireplace, master bath with spa tub, radiant heat, air conditioning, humidification system, central vacuum, A/V system, Advantage lighting system, wireless & hard-wired internet in every room, solid mahogany doors, limestone floors, patina copper roof, fascia & fireplace front, power shades, tinted windows, snowmelted decks, hot tub, Viking grill, and a 500 sq ft heated two car garage with music. Enjoy dramatic views of Aspen Mountain & a convenient location w/in walking distance to town.” 2009 Taxes: $2,864 sq ft; HOA Dues: $200 mos. City of Aspen RETT Transfer Tax of 1.5% applies to buyer.(Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty)


MLS #116997 – single family home, 141 Spur Ridge Lane, Horse Ranch Subdivision, Snowmass Village, CO:
Sold Price: $3,300,000/$857 sq ft; Ask and original Price: $3,775,000/$980 sq ft and 101 days on the market. This is a 2004 built/2009 remodeled, 5 bdrm/5.5 bath, 3,850 sq ft on approx 1 acre with a 2-car garage. The broker writes, “View the entire Snowmass Ski Area from this sunny great room! Possibly the best lot in Snowmass! Located in an idyllic private setting and perched high on a ridge, this enchanting Tuscan-style home features beautiful master craftsmanship and special attention to every little detail. The large rock wood-burning fireplace takes center stage in the great room and will quickly become a favorite gathering place. Just off the great room you will find an executive office/den with dramatic views of Aspen Highlands. The open floor plan and gourmet chef’s kitchen lend to easy entertaining – both formal and informal. Virtual Tour available.” 2009 Taxes: $10,159 Yr; HOA Dues:$195 Yr. (Photos and description courtesy of Chaffin Light Real Estate Snowmass Village).


MLS #112655 – Aspen condo, 600 E. Main St #210, Concept 600 Condominiums, Aspen, CO: Sold Price: $825,000/$733 sq ft; Ask Price: $995,000/$884 sq ft. (Original price: $1,375,000 and 425 days on the market). This is a 3 bdrm/ 2 bath, 1125 sq ft Aspen core condo. Broker comments are “Outstanding downtown location with underground parking in a secured building. End unit, in very nice condition. Can be used very comfortably as-is or remodeled into an affordable showplace. Extra soundproofing in the ceiling. Being sold partially furnished and includes a washer/dryer in the unit. New common area hot tub. Lovely trees outside offer privacy yet the unit offers Aspen Mountain views in winter.”. 2009 Taxes: $2,895 Yr; HOA Dues: $1,930 Qtr. City of Aspen RETT Transfer Tax of 1.5% applies to buyer. (Photo and description courtesy of Lane Schiller Properties)

NO PHOTO

MLS #109190 – ski-in/out condominium, 30 Anderson Ln #800, Snowmass Village, CO: Sold Price: $395,000/$552 sq ft; Ask Price: $459,000/$641 sq ft. Original price: $699,000 and 617 days on the market. This is a 1 bdrm/1 bath, 716 sq ft, 1969 built/2007 remodel. The listing broker writes, “Nicely remodeled one-bedroom, 2 bath unit. Ski-in/ski-out, and steps away from the new Base Village. Excellent rentals. Priced to sell. First special assessment has been paid.” 2007 Taxes: $1,602 Yr; HOA Dues: $7,885 Yr. (Photos and description courtesy Morris & Fyrwald, Sotheby’s Intl Realty)


MLS #117034 – single family home, 200 Ridge Of Wildcat Drive Snowmass Village, CO:
Sold Price: $11,900,000/$1,294 sq ft; Original and Ask Price: $13,900,000/$1,512 sq ft. 101 days on the market. This is 1997 built/2000 remodel, 5 bdrm/5 bath, 2 half bath, 9,194 sq ft Snowmass Village home – this is a beautiful, very large Snowmass home of which there are relatively few in this size range because of Snowmass home size sq ft restrictions. The listing broker comments are “Gorgeous home with separate guest house nestled in the trees with views of Snowmass Mountain and only minutes away from skiing. Amazing workout room, media room, spectacular living room… but the open kitchen/den/breakfast area is where everyone will gather.” 2009 Taxes: $21,217 Yr; HOA Dues: TBD. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty)


MLS #116204 – vacant residential lot, 861 Ute Ave. Aspen, CO:
Sold Price: $2,500,000; Original and Ask Price $3,995,000 and 310 days on the market near the Aspen Alps complex at the base of Aspen Mtn on Ute Ave. The listing broker comments are, ” Rare in town lot. Borders open space with views of Aspen Mountain. Year round stream. 2 blocks from Little Nell Hotel. Includes building plans at the building department. Save at least 1 1/2 years. Owner financing. Also available as a finished home.”
City of Aspen RETT Transfer Tax pf 1.5% applies to buyer.(Photos and description courtesy of Goldsmith & Company)

Under Contract / Pending (9): MLS # 118360, 117492, 109351, 116219, 116893, 117235, 117171, 117883, 106986 Link is valid for 30 days until 11/09/10.

Tim Estin is an active Aspen Snowmass real estate broker and he welcomes your comments, inquiries and business. Email him or call 970.920.7387. Subscribe to The Estin Report and blog on twitter @EstinAspen or click “Join the conversation” below:

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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 2010 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”

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