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: August 2012 Market Snapshot Aspen Snowmass Real Estate (link to exec. summary , full charts and tables. See Pg 2 for Summer 2012 versus Summer 2011 comparison.) rev. v6 posted Sept. 4, 12.

Excerpt: Summer 2012 compared to summer 2011:

Posted Sept. 4, 12. The Estin Report © August 2012 www.EstinAspen.com

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 . Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve an archive of sold market activity. For sales in the past month, scroll down; for earlier dates, use the down arrow and search by time period.

Under Contract / Pending (7): MLS #: 123211, 120174, 125908, 122089, 125405, 126625, 127100. This link is valid for 30 days until 10/23/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (9): MLS #: 121449, 124409, 121367, 126351, 125125, 127261, 127235, 126104, 121053. This link is valid for 30 days until 10/23/2012.

Aspen Snowmass Solds Last Week:

MLS #121449 – Aspen, West Aspen, Black Birch Estates single family home, 55 Overlook Drive, Aspen, CO: Sold Price: $2,700,000/$537 sq ft unfurnished. More details below photos.

MLS #121449 – Aspen, West Aspen, Black Birch Estates single family home, 55 Overlook Drive, Aspen, CO: Sold Price: $2,700,000/$537 sq ft unfurnished; Asking Price: $2,995,000. (Original Price: $3,950,000 and 792 days on the market since 05/20/2010.) This is a 1983 built/2006 remodeled, 6 bedroom/4 bath/1 half bath, 5,026 sq ft single family home with 2 car garage on 0.38 acres. Broker comments are, “Classic contemporary home priced for today’s market! Features include remodeled open living spaces, clean lines, 6 bedrooms, 4.5 baths, 5026 square feet, two-sided wood-burning fireplace in the living room & dining room, hardwood floors, stainless appliances, master suite with fireplace on separate level, office, gym, media room, bar, wine cellar, 2 car garage, patio, beautiful mature gardens, and views of Aspen Mountain, Aspen Highlands, & Red Mountain. Located in West Aspen, just minutes from downtown Aspen and the Roaring Fork River.” 2011 Taxes: $8,161; City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/17/2012; Sold Date: 09/19/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #124409 – Aspen, Smuggler, Spruce Street duplex, 511 Spruce Street, Aspen, CO: Sold Price: $2,500,000/$890 sq ft unfurnished. More details below photos.

MLS #124409 – Aspen, Smuggler, Spruce Street duplex, 511 Spruce Street, Aspen, CO: Sold Price: $2,500,000/$890 sq ft unfurnished; Asking Price: $2,795,000. (Original Price: $4,125,000 and 925 days on the market since 06/16/2010. This is a 1998 built, 3 bedroom/3 bath/1 half bath, 2,807 sq ft duple with 1 car garage on 0.31 acres. Broker comments are, “A charming mtn contemporary half-duplex overlooking downtown Aspen with unobstructed views of Ajax. Entertain in the open living area, or set up a picnic on the spacious front lawn. Finishes are classic and simple. Rooms are cozy and accommodating. Set back from the street so amazingly quiet and private. Biking, hiking and fishing opportunities abound in all directions. Downtown is just a short walk away. And, if you can’t get there on foot, the free shuttle stops just down the block. Convenience is everything.” 2011 Taxes: $6,680; HOA Dues: $2,888 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/31/2012; Sold Date: 09/14/2012. (Photos and broker comments courtesy of BJ Adams & Co.)

MLS #121367 – Aspen, East Aspen, Independence duplex, 42703 Hwy 82, Unit B, Aspen, CO: Sold Price: $3,500,000/$842 sq ft furnished. More details below photos.

MLS #121367 – Aspen, East Aspen, Independence duplex, 42703 Hwy 82, Unit B, Aspen, CO: Sold Price: $3,500,000/$842 sq ft furnished; Asking Price: $3,995,000. (Original Price: $4,350,000 and 474 days on the market since 06/09/2011.) This is a 2006 built, 5 bedroom/5 bath/1 half bath, 4,154 sq ft duplex with 2 car garage on 0.43 acres. Broker comments are, “Overlooking the Preserve and River with stunning views of Independence Pass, this custom, designer furnished half duplex lives very private. Main floor master, gourmet kitchen, high end electronics. Panoramic roof top deck with Jacuzzi and music. Huge covered deck for year round enjoyment w Pass views. On the quiet side of town yet only one mile from City Market.” 2011 Taxes: $7,918; HOA Dues: $200 Yr. Under Contract Date: 08/25/2012; Sold Date: 09/17/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #126351 – Aspen, West Aspen duplex, 880 Bonita Drive #B, Aspen, CO: Sold Price: $1,495,000/$598 sq ft unfurnished. More details below photos.

MLS #126351 – Aspen, West Aspen duplex, 880 Bonita Drive #B, Aspen, CO: Sold Price: $1,495,000/$598 sq ft unfurnished; Asking Price: $1,495,000. (Original Price: $1,495,000 and 67 days on the market since 07/07/2012.) This is a 1969 built/1999 remodeled, 4 bedroom/4 bath, 2,500 sq ft duplex on 0.19 acres. Broker comments are, “Spacious Duplex on quiet side street. 3 or 4 bedrooms with large flex room in lower level. Great neighborhood, Aspen school bus stops next door. Landscaped level yard can be fenced for dogs, kids, and privacy. Large trellised deck. Ditch water lease for summer irrigation. Free Cemetery Lane bus every 30 minutes. Two-story living room, generous windows provide plenty of light.” 2011 Taxes: $2,620. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/13/2012; Sold Date: 09/12/2012. (Photos and broker comments courtesy of Furth Realty Group.)

MLS #125125 – Aspen, West Aspen, North 40 PUD single family RO home, 143 Riverdown Road, Aspen, CO: Sold Price: $920,000/$351 sq ft. [RO is Resident Occupied – deed restrictions apply and owner must be documented Pitkin County resident See Resident Occupancy Requirements pdf and Aspen Housing Authority Info.] More details below photos.

MLS #125125 – Aspen, West Aspen, North 40 PUD single family home, 143 Riverdown Road, Aspen, CO: Sold Price: $920,000/$351 sq ft; Asking Price: $999,500. (Original Price: $1,195,000 and 145 days on the market since 04/20/2012.) This is a 2001 built, 6 bedroom/4 bath, 2,614 sq ft single family RO (Resident Occupied) home with 2 car garage on 0.1 acres. “RO” is one of Pitkin Counties’ affordable housing designations. RO is Resident Occupied – deed restrictions apply and owner must be documented Pitkin County resident. See Aspen Housing info. Broker comments are, “This beautiful 6 bedroom, 4 bath, home in North Forty features a gourmet kitchen, hickory floors, energy efficient heating, gorgeous views and heated two car garage. Tremendous value seldom seen in Aspen. Buyer must qualify under resident occupied guidelines for North Forty. Call agent for details.” 2011 Taxes: $1,530; HOA Dues: $245 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/13/2012; Sold Date: 09/12/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

No Photos in MLS for this North 40 PUD single family home:

MLS #127261 – Aspen, West Aspen, North 40 PUD single family RO home, 161 Riverdown Road, Aspen, CO: Sold Price: $1,437,000/$438 sq ft unfurnished; Asking Price: $1,437,000. (Original Price: $1,437,000 and 18 days on the market since 09/20/2012.) This is a 2001 built, 4 bedroom/3 bath/1 half bath, 3,278 sq ft single family home with 2 car garage on 0.14 acres. “RO” is one of Pitkin Counties’ affordable housing designations. RO is Resident Occupied – deed restrictions apply and owner must be documented Pitkin County resident. See Aspen Housing info. Broker comments are, “Sold before MLS.” 2011 Taxes: $3,100. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/06/2012; Sold Date: 09/17/2012. (Broker comments courtesy of RE/MAX Premier Properties.)

No photos in MLS for this West End single family home:

MLS #127235 – Aspen, West End single family home, 845 Roaring Fork Road, Aspen, CO: Sold Price: $4,900,000/$1,768 sq ft furnished; Asking Price: $4,900,000. (Original Price: $4,900,000 and 45 days on the market since 09/19/2012.) This is a 1977 built, 3 bedroom/4 bath, 2,771 sq ft single family home with 2 car garage on 0.62 acres. The property is located in the historic West End close to the Aspen Music Tent and Aspen Institute. Broker comments are, “Sold before MLS.” 2011 Taxes: $11,666. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/13/2012; Sold Date: 09/14/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #126104 – Woody Creek, Little Texas single family riverfront home, 111 S. Little Texas Lane, Woody Creek, CO: Sold Price: $3,550,000/$758 sq ft furnished. More details below photos.

MLS #126104 – Woody Creek, Little Texas single family riverfront home, 111 S. Little Texas Lane, Woody Creek, CO: Sold Price: $3,550,000/$758 sq ft furnished; Asking Price: $4,200,000. (Original Price $4,900,000 and 455 days on the market since 06/16/2011.) This is a 1999 built, 5 bedroom/4 bath/1 half bath, 4,679 single family home with 3 car garage on 0.52 acres. Broker comments are, “This is it…The ideal river setting, beautiful mountain home, fully furnished and ready for you to move-in and bring your fishing rod. This is a ”must see” custom home with large, south facing windows and river views from the living room, family room, kitchen, and master bedroom. The main level has a gourmet kitchen with large windows looking out over the landscaped terrace leading down to the river. Private dining, gracious living area and master bedroom complete this level for those looking for ‘one-level’ living. The upper level has 2 guest rooms, one room currently customized as a den with built-in book cases and wood burning fireplace. Lower level has a family room with walk out patio and 2 en-suite guest rooms. This custom designed home is being sold fully furnished and turn-key.” 2011 Taxes: $7,613. Under Contract Date: 08/04/2012; Sold Date: 09/18/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #121053 – Snowmass Village, Woodbridge condo, 35 Upper Woodbridge Road, 25 C-d, Snowmass Village, CO: Sold Price: $420,000/$457 sq ft furnished. More details below photos.

MLS #121053 – Snowmass Village, Woodbridge condo, 35 Upper Woodbridge Road, 25 C-d, Snowmass Village, CO: Sold Price: $420,000/$457 sq ft furnished; Asking Price: $449,000. (Original Price: $925,000 and 2,211 days on the market since 09/01/2008.) This is a 1973 built/2008 remodeled, 2 bedroom/2 bath, 918 sq ft condo. Broker comments are, ” Beautifully renovated 2 bed/2 bath condo in a very private building. New kitchen upgrades feature granite countertops, stainless appliances, tile floors, new baths feature granite countertops in the baths, new paint and carpet. Fully furnished with new furnishings, turnkey, flat screen TV, fireplace with beautiful surround. Balcony with excellent views toward the ski area. Complex amenities include pool, hot tub, common laundry facilities and plenty of parking. Easy access to the shuttle bus to skiing, dining and shopping. Good rental potential.” 2011 Taxes: $1,538; HOA Dues: $2,100 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/24/2012; Sold Date: 09/19/2012. (Photos and broker comments courtesy 0f Aspen Snowmass Sotheby’s.)

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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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