Scroll down page for photos and details of sold and under contract (pending) Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to the blog archives and search by date. Or use SearchEstinAspen to search by topic, address, date etc. If it’s about Aspen real estate, it should be here.

The Estin Report: November 2012 Market Snapshot Aspen Snowmass Real Estate

released Tues Dec. 4, 2012 , v3.3

Click image for November 2012 Market Snapshot

The Estin Report: Q3 2012 State of the Aspen Real Estate Market released Monday 10/22/12.

Click image for full report

Last Week’s Market Activity – 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 most closed properties (with excellent photography) are posted to preserve an archive of sold market activity. For sales in the past month, scroll down page, and for earlier dates use the down arrow and search by time period or use SearchEstinAspen.

Under Contract / Pending (10): MLS #: 121724, 121733, 127875, 123119, 122110, 127938, 122801, 127247, 126993, 124416. This link is valid for 30 days until 01/09/2013. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (7): MLS #: 123211, 126604/126605, 122087, 126625, 121325, 121194/121195, 126590. This link is valid for 30 days until 01/09/2013.

Aspen Snowmass Solds Last Week:

MLS #123211 – Aspen, Central Core, Silver City townhome, 727 E. Hopkins Avenue, Unit A, Aspen, CO: Sold Price: $3,500,000/$1,020 sq ft unfurnished. More details below photos.

MLS #123211 – Aspen, Central Core, Silver City townhome, 727 E. Hopkins Avenue, Unit A, Aspen, CO: Sold Price: $3,500,000/$1,020 sq ft unfurnished; Asking Price: $3,950,000. (Original price: $4,500,000 and 900 days on the market since 02/13/2010.) This is a 1989 built, 4 bedroom/4 bath/1 half bath, 3,429 sq ft townhome with 2 car garage. Broker comments are, “Walk everywhere from this convenient townhome , featuring 4 bedrooms, 4.5 baths, 3,429 square feet, great floor plan, two master suites, top floor main living area with lots of natural light, multiple gas and wood-burning fireplaces, two car garage, numerous decks, and views of Aspen Mountain. Perfect for a seasonal retreat or full time resident. Furnishings are available for separate purchase.” 2011 Taxes: $7,905; HOA Dues: TBD. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/19/2012; Sold Date: 12/04/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #126604/126605 – Aspen, West Aspen, Red Butte teardown home/riverfront lot sale (purchased by recent buyer of 1470 Red Butte), 1460 Red Butte Drive, Aspen, CO: Sold Price: $3,300,000/$2,750 sq ft unfurnished. More details below photos.

MLS #126604/126605 – Aspen, West Aspen, Red Butte teardown home/river front lot sale, 1460 Red Butte Drive, Aspen, CO: Sold Price: $3,300,000/$2,750 sq ft unfurnished; Asking Price: #3,995,000. (Original Price: $3,995,000 and 136 days on the market since 07/25/2012.) This is a 1968 built, 3 bedroom/2 bath, 1,200 sq ft single family home on 0.73 acres. The parcel was purchased by its new neighbor who recently bought the 2004 built riverfront home at 1470 Red Butte in Oct 2012. Broker comments are, “First time offered is this Legacy River Front property on nearly 3/4 acre in the prestigious Red Butte neighborhood. Dense saplings, mature Aspens, Englemann and Blue Spruce, Cottonwoods, Honeysuckle, and Willow shrubs are all there creating a private riparian sanctuary with 150 ft of prime river frontage. With the Rio Grande around the corner, convenient shuttle service, this unique parcel offers a rare opportunity to enlarge upon the passionately maintained home, or build new. More than 5,125 sq ft of FAR with a 500 sq ft garage.* (Subject to stream review.) South facing and incredibly quiet except for the chirping of the birds and the babbling river.” 2011 Taxes: $8,325. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/28/2012; Sold Date: 12/03/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #122087 – Aspen, Central Core, Shadow Mountain Village condo at Lift 1A Base of Aspen Mountain, 809 S. Aspen Street, Unit 13, Aspen, CO: Sold Price: $825,000/$877 sq ft furnished. More details below photos.

MLS #122087 – Aspen, Central Core, Shadow Mountain Village condo at Lift 1A Base, 809 S. Aspen Street, Unit 13, Aspen, CO: Sold Price: $825,000/$877 sq ft furnished; Asking Price: $939,000. (Original Price: $1,475,000 and 1,964 days on the market since 05/29/2009.) This is a 1968 built, 2 bedroom/1 bath, 940 sq ft condo. Broker comments are, “Ski in/out on Aspen Mtn!! Incredible views over the town of Aspen. Beautiful common areas including a pool, BBQ deck, plus a big lawn. Plenty of storage, wood burning fireplace. HOA dues include everything except phone, plus high-speed internet service. Fully furnished. High ceilings. Picture windows.” 2011 Taxes: $2,543; HOA Dues: $3,720 Qtr. Under Contract Date: 10/03/2012; Sold Date: 12/03/2012. (Photos and broker comments courtesy of Setterfield & Bright.)

MLS #126625 – Aspen, West Aspen duplex, 985 Cementery Lane, Unit A, Aspen, CO: Sold Price: $3,725,000/$823 sq ft unfurnished. More details below photos.

MLS #126625 – Aspen, West Aspen duplex, 985 Cementery Lane, Unit A, Aspen, CO: Sold Price: $3,725,000/$823 sq ft unfurnished; Asking Price: $3,845,000. (Original Price: $3,850,000 and 409 days on the market since 10/24/2011.) This is a 2008 spec built, 4 bedroom/4 bath/2 half bath, 4,521 sq ft duplex with 2 car garage on 0.34 acres. Broker comments are, “This top of the line half duplex was custom built in 2008. Gourmet kitchen with Wolf range, Sub-zero refrigerator/freezer/wine cooler and built in expresso machine. Custom cabinetry by Genesis Innovations. Hand-distressed knotty alder raised paneled doors. Custom milled base molding and matching door cases. Integrally color plaster walls and ceilings. Stone slab counter tops and custom tile work. 28′ high cathedral ceilings are at entry way with radiant heat in-floor system, air conditioning and humidification systems throughout. 2 car garage with radiant heat. Light touch programmable and low voltage lighting.” 2011 Taxes: $8,818. City of Aspen RETT Transfer Tax of approx. 1.15% payable by buyer. Under Contract Date: 09/20/2012; Sold Date: 11/30/2012. (Photos and broker comments courtesy of Bob Bowden Properties/Carbondale Real Estate.)

MLS #121325 – Aspen, Central Core, Aspen Alps condo, 700 Ute Avenue, Unit 112, Aspen, CO: Sold Price: $1,150,000/$1,017 sq ft unfurnished.More details below photos.

MLS #121325 – Aspen, Central Core, Aspen Alps condo, 700 Ute Avenue, Unit 112, Aspen, CO: Sold Price: $1,150,000/$1,017 sq ft unfurnished; Asking Price: $1,295,000. (Original Price: $1,790,000 and 516 days on the market since 06/07/2011.) This is a 1963 built/1990 remodeled, 2 bedroom/2 bath, 1,130 sq ft condo with 1 parking space in garage. Broker comments are, “Sought after top floor 2 bedroom 2 bath in the 100 building located right at the base of Aspen Mountain, you can practically ski home from the Little Nell on a snowy day. The Aspen Alps is known for their attention to detail and incredible amenities. Whether it be a chauffeured pick up or drop off at the Aspen Airport or use of the spa, pool and Conference Center, the Aspen Alps offers premier on-site management at the most desirable location in Aspen. Open floor plan with cathedral ceilings & 2 large skylights provide beautiful natural light and great ambiance, large fire place in living room and even includes a parking space in the garage. Sit on your deck and watch the Gondola on Aspen Mountain. Plus 200/month capital reserve. Further remodel info: Painted in 2002 & instalation of bookshelves Transfer fee for the garage space $350.” 2011 Taxes: $4,101; HOA Dues: $1,554 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/04/2012; Sold Date: 11/03/2012. (Photos and broker comments courtesy of Carol Dopkin R.E.)

MLS #121194 – Aspen, East Aspen, Knollwood (3) adjacent single family lots, TBD & 137 Northway Drive, Aspen, CO: Sold Price: $4,000,000. More details below photos.

MLS #121194 – Aspen, East Aspen, Knollwood (3) adjacent single family lots, TBD & 137 Northway Drive, Aspen, CO: Sold Price: $4,000,000; Asking Price: $1,485,000. (Original Price of one of the lots was $3,950,000 and 928 days on the market since 08/05/2008 – the price had been dropped to $2.89M in 08/2009; another of these lots was originally priced at $1.99M in 06/2011.) This sale represents 3 single family lots totaling 1.44 acres. Broker comments are, “Sale included three adjacent lots: Block 1, Lot 14: 25,250 sq ft lot with older home (not listed); Block 5, Lot 12: 16,292 sq ft vacant lot (mls 121194) Block 5, Lot 14: 21,106 sq ft vacant lot (mls 121195).” 2011 Taxes: $49,894. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/05/2012; Sold Date: 12/06/2012. (Photos and broker comments courtesy of B.J. Adams & Co.) Buyer is a developer/builder.

MLS #126590 – Aspen, Central Core, Obermeyer Place commercial space, 601 Rio Grande Place, Unit 121, Aspen, CO: Sold Price: $305,000/$211 sq ft. More details below photos.

MLS #126590 – Aspen, Central Core, Obermeyer Place commercial space, 601 Rio Grande Place, Unit 121, Aspen, CO: Sold Price: $305,000/$211 sq ft; Asking Price: $369,000. (Original Price: 968,150 and 1,125 days on the market since 12/19/2008.) These are commercial spaces available to local businesss that qualify with Pitkin County rules. This is a 2006 built, 1,445 sq ft commercial space on 2 levels with bathroom and one assigned parking space. Broker comments are, ” Turn-key Obermeyer Place SCI zoned work/retail space on two levels with 600 SF on the street level and 845 SF below grade. Private lift and restroom in unit. Loading dock at back entrance. One assigned parking space. HOA Dues are $1,238.28 per quarter.” 2011 Taxes: $2,642; HOA Dues: $1,238 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/03/2012; Sold Date: 11/30/2012. (Photos and broker comments courtesy of Setterfield & Bright.)

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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 Email him. The Estin Report is copyrighted 2012 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, broker.”

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