June 18 – 25, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (6) + Under Contract / Pending (11)
The Estin Report: May 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. June 5th. The Snapshots are usually posted on or near the 1st Monday of the month.
“There is a night and day difference between May 2017 and the same time last year. The market appears to be firing on all cylinders heading into the summer selling season. A statistic that says it all: there were (15) Aspen single family home sales in May 2017 versus (2) in May 2016, +650% (Pg 6)…One very significant investor group that currently has about 15-18 projects under redevelopment and for sale has bumped up select property prices 5% in the past two weeks in anticipation of a formidable summer.”
Estin Report: Q1 2017 & 2016 Year: State of Aspen Real Estate was released on 5/27/17 in Current Reports. The 32-Page report is available on-line as PDF and will be available in a print edition distributed in kiosks around town and at the airport on June 15th.
“Flip Job” Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (06/14/17) as additional re-sale properties come on the market at significantly higher prices.
A “Read more” link has been recently added under the 1st of last week’s sold properties displayed below. This will improve site performance.
Market Activity Week 26, June 18 – 25, 2017
Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr 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. Scroll down the page for home 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 quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen real estate, the information should be here.
Closed (6): MLS#s 132594, 145291, 146808, 147064, 147382, 147639. This link is valid until 7/25/2017.
Under Contract/Pending (11): MLS#s 126246, 139667, 144574, 144842, 147453, 147506, 148709, 149497, 149550, 149601, 149615. This link is valid until 7/25/2017.
Aspen Snowmass Solds Last Week:
MLS #145291 – Red Mountain Ranch, Red Mountain, 768 Hunter Creek Road, Aspen, CO. Sold Price: $19,500,000/$2,315 sq ft; unfurnished. More details below photos.
MLS #145291 – Red Mountain Ranch, Red Mountain, 768 Hunter Creek Road, Aspen, CO. Sold Price: $19,500,000/$2,315 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $21,500,000. (Original Price: $21,500,000 and 330 days on the market since 07/21/2016. The property went under contract in early Feb 2017, after only 122 days on the market. The sellers paid $17.5M on 04/22/15.) This is a 2010 built, 6 bedroom/6 bath/1 half-bath, 8,422 sq ft single family home with 2 car garage on a 33,591 sq ft lot. It is a gorgeous newer built home with beautiful panoramic views of the surrounding mountains and direct frontal view of Aspen Mountain. Broker comments are “Red Mountain Masterpiece located at the top of Red Mountain Ranch. Stunning A+ views in every direction. Ajax Mtn front and center and every major peak beyond. Hunter Creek wilderness surrounding property provides thousands of acres of hiking and biking trails and complete peace and privacy from the home. Unique features include Geo Thermal heating and cooling, Resistance swimming pool, a billiard/game room with bar, state of the art theater with Ultra Hi-Definition Sony Theater, RTI Audio with Sonos Streaming Media Players, Lutron lighting and shading system all controlled by tablets. This spectacular custom built contemporary home is a must see.” 2015 taxes: $16,465; HOA Dues: $12,086 per Yr. Under Contract Date: 02/04/2017; Sold Date: 06/16/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #146808 – Pitkin Row, Central Core, 120 S Spring Street #1, Aspen, CO. Sold Price: $6,750,000/$2,052 sq ft; furnished. More details below photos.
MLS #146808 – Pitkin Row, Central Core, 120 S Spring Street #1, Aspen, CO. Sold Price: $6,750,000/$2,052 sq ft; furnished. Aspen townhouse for sale. Ask Price: $6,995,000. (Original Price: $7,500,000 and 204 days on the market since 11/17/2016.) This is a 1989 built and 1998 remodeled, 3 bedroom/3 bath/1 half-bath, 3,288 sq ft townhouse with 2 car garage. Broker comments are “Premiere location in the heart of Aspen with stunning, big views of Aspen Mountain. This end corner unit townhome features an open and bright living room with large picture windows, vaulted ceilings, dramatic stone fireplace and opens to a covered balcony. The Master bedroom is complete with a large master bathroom, fireplace and private patio. Other features include a roof top deck with hot tub and amazing 360 degree views of Aspen, two car garage and fenced yard. Walking distance to Aspen Art Museum, the Silver Queen Gondola, Spring Café and all Aspen has to offer.” 2015 taxes: $11,296; HOA Dues: $6,838 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/18/2017; Sold Date: 06/19/2017. (Photos and broker comments courtesy of Compass)
MLS #147382 – Greystone Townhouses, Central Core, 812 E Cooper Avenue, Aspen, CO. Sold Price: $3,900,000/$1,376 sq ft; furnished. More details below photos.
MLS #147382 – Greystone Townhouses, Central Core, 812 E Cooper Avenue, Aspen, CO. Sold Price: $3,900,000/$1,376 sq ft; furnished. Aspen townhouse for sale. Ask Price: $4,695,000. (Original Price: $4,695,000 and 150 days on the market since 01/24/2017.) This is a 1991 built, 3 bedroom/3 bath/1 half-bath, 2,833 sq ft townhouse with 2 car garage. Broker comments are “This is it…A great townhome located just 2.5 blocks to the gondola. The living room is spacious with a fireplace and potential for multiple seating areas. The kitchen has Wolf gas stove, great Red Mtn views, large dining area and breakfast bar. An expansive skylight with cathedral ceilings above the stairway is fantastic for showcasing art. The top floor has two spacious and bright master and guest suites; both featuring high ceilings, fireplaces and amazing mountain views. The garden level provides extra sleeping and entertaining space with a large bedroom/den, pull out sofa, laundry room and steam room. Home has air conditioning. No HOA dues. This property has amazing potential for a fabulous contemporary space right in the epicenter of Aspen core. Great opportunity.” 2016 taxes: $6,793. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/26/2017; Sold Date: 06/23/2017. (Photos and broker comments courtesy of Whitman Fine Properties)
MLS #147639 – Horse Ranch, 41 Colt Circle, Snowmass Village, CO: Sold Price: $2,425,000/$861 sq ft; furnished. More details below photos.
MLS #147639 – Horse Ranch, 41 Colt Circle, Snowmass Village, CO: Sold Price: $2,425,000/$861 sq ft; furnished. Snowmass Village single family home for sale. Ask Price: $2,595,000. (Original Price: $2,595,000 and 125 days on the market since 02/14/2017.) This is a 1993 built and 2010 remodeled, 4 bedroom/4 bath, 2,814 sq ft single family home with 2 car garage on a 15,700 sq ft lot. Broker comments are “Four bedroom, 4 bath home with views of the ski areas and Independence Pass. Open floor plan on upper level and second living area on lower level. Remodeled kitchen with granite counters, Sub-zero, Wolf and Asko appliances. Tastefully furnished and fourth bedroom currently staged as an office. Sunny upper deck and ground level patio with hot tub adjacent to the family room. Lots of storage with lower level basement, 2-car garage, and huge walk-in closet. Free shuttle to skiing at the end of the driveway.” 2016 Taxes: $7,024; HOA Dues: $190 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/02/2017; Sold Date: 06/19/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
MLS #132594 – Wood Run Place, 425 Wood Road 14, Snowmass Village, CO: Sold Price: $505,000/$368 sq ft; furnished. More details below photos.
MLS #132594 – Wood Run Place, 425 Wood Road 14, Snowmass Village, CO: Sold Price: $505,000/$368 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $529,000. (Original Price: $699,500 and 2,030 days on the market since 07/18/2011.) This is a 1983 built, 2 bedroom/2 bath/1 half-bath, 1,371 sq ft condo. Broker comments are “Spacious, light and bright condo with covered parking space & ski storage just steps from Fanny Hill ski access. Open living spaces with large windows, soaring ceilings and lovely deck off living room. Enjoy privacy in large bedrooms with ensuite baths on separate levels. New flat-screen TV’s throughout. Good rental income, well-managed complex with front desk, pool and great Snowmass Mountain ski access.” 2016 Taxes: $2,537; HOA Dues: $25,040 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/29/2017; Sold Date: 06/20/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
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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 at 970.309.6163 or by email. The Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to this website: “The Estin Report on Aspen Real Estate.”