Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll down to bottom of this page and search by date or topic. Search this site by Aspen and Snowmass topics in SearchEstinAspen.com in the menu bar. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds.

Link to: The Estin Report: Aspen Snowmass Real Estate 2010 Year End Summary

Last Week’s Market Highlights – Aspen Snowmass Real Estate 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 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted below to preserve an archive of sold market activity.

Spreadsheet Summary: The Estin Report: Aspen Snowmass Weekly Sales Statistics, Mar 20 – 27, 2011

Closed (8): MLS# 118360, 119735, 117186, 120001, 111657, 111656, 119120, 116816. This link is valid for 30 days until 4/26/2011.

MLS #119735 – Aspen Core Townhome, 814 E Cooper Avenue #814 Aspen, CO: Sold Price: $2,000,000/$701 sq ft; Ask and Original Price: $2,495,000/$875 sq ft. (On the market for 47 days since 02/03/11.) This is 1991 built 2 bdrm/3.5 bath townhome with 1-car garage kitty corner to Aspen City Market. The broker’s comments are, “Priced to sell at $875 per square foot. As individual townhomes with 2 bedrooms each or together with 4 bedrooms in total. Located in the Aspen core and just 2 blocks from the Silver Queen Gondola, these two townhomes feature 2 bedrooms and 3.5 bathrooms each. With vaulted ceilings and widespread skylights, these properties are light bright and open. Enjoy comfortable surroundings with 3 fireplaces on 3 levels that invites in town convenience, style and sophistication. A shared interior door provides access to both townhomes for a total of 4 bedrooms or individually with two bedrooms each. 818 East Cooper is an ADU-Category 1. ” 2010 Taxes: $11,514 Yr; HOA Dues: unknown. Undre Contract Date: 03/01/2011; Sold Date: 03/22/11. City of Aspen RETT Transfer Tax on 1.5% applies to buyer.(Photos and description courtesy of Frias Properties of Aspen.)

MLS #117186 – Crestwood Condominium, 400 Wood Rd #3113, Snowmass Village, CO: Sold Price: $830,000/$682 sq ft
; Ask Price: $995,000/$816 sq ft. (Original Price: $1,995,000 and 1,365 total days on the market since 4/13/2007.) This is a 1970 built/2008 remodeled 3 bdrm/3.5 bath 1,217 sq ft
slope side condo. The broker writes, “Possibly the best location at Crestwood. This three bedroom, three bath has direct ski in/out access from the deck and wonderful access to yard for summertime fun. Enjoy the spectacular sunrises on the mountain vistas with your morning coffee to start your day or trot down to the jacuzzi just steps away at the day’s end. Close to the Gondola and the new Base Village, but a very quiet location – Located on uppermost level of Crestwood. This one is special.” 2010 Taxes: $3,538 Yr: HOA Dues: $21,398 Yr. Under Contract Date:03/04/11; Sold Date:03/25/11. Town of Snowmass Transfer Tax of 1% due to buyer. (Photos and description courtesy of Chaffin Light Real Estate Snowmass Village.)

MLS # 120001 – pre-construction price for Pyramid Point /Maroon Creek Subdivision single family home, 1540 Tiehack Road Aspen, CO: Sold and Ask Price” $14,500,000/$1,319 sq ft. This will be a new 5 bdrm/6 bath/ 3 half bath 10,995 sq ft home in the gated area of Maroon Creek called Pyramid Point.The sale occurred when the buyer lost out on the adjacent property MLS #116696 which closed on 2/23/11 at $13MM. The developer’s next project was this lot and this buyer stepped up to purchase the project. The location is Tiehack Road to the end, through the gate for Pyramid Point Estates, on the left, Skyview PUD, Lot 3. 2010 Taxes: $31,302 Yr; HOA Dues: $4,910 Yr. Under Contract Date: 03/03/11; Sold Date: 03/22/11. (Photo courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #111657 & MLS #111656 – 712 and 714 S. Galena, Aspen, CO: Sold Prices: $4,700,000/$1,274 sq ft and $4,740,000/$1,253 sq ft.
(Original Prices: $7,900,000 each unit and 644 days on the market since 06/17/2009.) The broker’s comments are, “Two stunning mountain contemporary townhomes in the heart of Aspen with exquisite finishes, decks, media and exercise room. Offered furnished. ” Built 1979/remodeled 2009, these units have 3 bdrms/4.5 baths each, approx 3,784 sq ft with a combined parking spaces for 6 cars (3 each unit) but no garage.2008 Taxes: $4,1896 Yr: HOA Dues: tbd. City of Aspen RETT Transfer Tax of 1.5% due to buyer. Under Contract Date: 03/01/11 ; Sold Date: 03/23/11. (Photos and description courtesy of Mason Morse Real Estate.)

MLS #119120 – 155 Lone Pine Rd #4, Aspen, CO: Sold Price: $1,975,000/$ sq ft; Ask Price: $2,300,000/$1,257 sq ft. (Original Price: $3,495,000 and 955 days on the market since 06/05/2008.) This is a 180 built/2007 remodeled 3 bdrm/3 bath 1,830 sq ft condo/townhome with 2-car garage located just beyond the Aspen Art Museum at the base of Red Mountain. Broker’s comments are, “Elegant, recently renovated townhome with all new furniture. Lives and shows beautifully. Loft office. Great patio with Ajax view. A/C on main level & master. 2 car garage. Easy walk to town and Rio Grande Trail. Bus stop adjacent.” 2010 Taxes: $6,026 Yr: HOA Dues: $12,000 Yr. City of Aspen RETT Transfer Tax due to buyer. Under Contract Date: 01/31/11; Sold Date: 03/21/11.(Photos and description courtesy of BJ Adams and Company.)

MLS #116816 – Snowmass Country Club Town, 24 Harleston Green 31 Snowmass Village, CO: Sold Price:$2,000,000/$679 sq ft ; Ask Price: $2,495,000/$847 sq ft. (Original Price: $2,595,000 and 286 days on the market since 06/14/2010.) This is a 1982 built/2004 remodel, 3 bdrm/3bath, 2,945 sq ft townhome with 2-car garage.The broker writes, “Easy living lifestyle awaits you at the Country Club Townhomes. This fabulous remodel boasts over 2,900 square feet with breathtaking views of Snowmass Mountain and the Snowmass Club Golf Course. This corner unit offers a spacious and open floor plan with a completely renovated gourmet kitchen, beautiful lighting and high-end finishes throughout. The master bedroom is on main level, and an additional 2 bedrooms, den and a loft is on second level. Oversized wraparound deck with private hot tub is great for winter or summer use. Enjoy the free shuttle bus service that can take you directly to Snowmass Village or Two Creeks for easy ski access.” 2010 Taxes: $8,986 Yr: HOA Dues: $9,600 YR. Town of Snowmass Transfer Tax of 1% due to buyer. Under Contract Date: 02/16/2010; Sold Date: 03/23/2011. (Photos and description courtesy of Joshua & Co, Snowmass Village.)

MLS # 118360 – Ridge Run Subdivision, 147 Maple Ridge Lane Snowmass Village, CO: Sold Price: $995,000/$467 sq ft; Ask and Original Price: $999,000/$482 sq ft. (178 days on the market since 09/28/2010.) This is a bank sale of a 1976 built/ 1992 remodeled 2,045 sq ft home with 4 bedrooms/3.5 baths and a 2-car gargage on .73 acres. The list broker writes, “Allowable F.A.R. on this property is 4,155 sq. ft. (Buyer to confirm with building dept) Comfortable sunny home with an abundance of light, winter views, and many aspen trees for summer coolness. The kitchen has stainless steel appliances, wood-burning fireplaces in living room and master bedroom. Lower bedroom has its own entrance, also makes a great family room or artist’s studio.” 2009 Taxes: $6,801 Yr; HOA Dues: $90. Yr. Under Contract Date: 02/14/2011; Sold Date: 03/25/2011. (Photos and description courtesy of Setterfield & Bright.)

Under Contract / Pending (9): MLS# 115551, 117298, 119294, 112684, 119198, 119493, 113518, 117883, 119130. Link is valid for 30 days until 4/26/11. Photos and descriptions of under contract properties are not posted unless special circumstances dictate.

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s Aspen Real Estate Blog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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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 2011 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”