Mason Morse Blog

Mason Morse Aspen broker Tim Estin’s complete AspenRealEstateBlog.com is released Monday mornings at his website and at times during the week.  These postings at MM are condensed because of his tech limitations. For the latest Aspen real estate news, sales statistics and market activity, follow him on twitter @EstinAspen Tim is an active broker with Mason Morse, and he welcomes your business, inquiries and comments.

Last Week’s Market Highlights – Aspen Snowmass Real Estate Sales and Under Contract Activity: Last Week’s Aspen and 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 at Tim’s website blog to preserve an archive of sold market activity.

Featured Aspen Property Sold Last Week

MLS #114030 – single family river front home, 1892 Castle Creek Road Aspen, CO. Sold Price: $6,000,000/$1,134 sq ft; Ask Price: $7,250,000/$1,370 sq ft. (Original Price: $12,500,000/$2,174 sq ft and on the market for 2,007 days since 11/16/2007). This was a teardown/lot purchase in July 2005 by a developer who quickly built this new modular contemporary river home. The new home came on the market in Nov. 2007 at $12,500,000/$2,174 sq ft, a strong perhaps overly aggressive price with the advantage of hindsight. It has followed the market down since then, selling only now at more than 50% off it’s original list price. This is a 2007 built 4 bedroom/4.5 bath, 5,750 sq ft 2-car garage riverfront home with 2 acres. The broker writes, “Award winning riverfront home on two flat private acres. This four bedroom home is nestled up to Castle Creek and is extremely private yet just minutes to downtown Aspen. The contemporary style home has open living spaces with glass walls and large windows that create a dramatic setting, bringing the river into the design and creating a naturally light environment. This two level home is spread out across the river banks and includes a great room, living room, office. The master bedroom is on the main level with and a guest master and two additional bedrooms upstairs with a central media room. Also included is a large patio with an outdoor fire pit and a two car garage.” 2010 Taxes: $15,287 Yr. Under Contract Date: 02/23/11′ Sold Date: 03/16/11.(Photos and description courtesy of Aspen Associates Realty Group LLC).

Spreadsheet Summary: The Estin Report: Aspen Snowmass Weekly Sales Statistics, Mar. 13 – 20, 2011

Closed (5): MLS #’s 114030, 119033, 119047, 109853, 118310. This link is valid for 30 days until 4/19/2011.

Under Contract / Pending (9): MLS #116423, 117498, 119944, 119780, 117200, 119733, 116314, 112261, 119121. This link is valid for 30 days until 4/19/2011.  Photos and descriptions of under contract properties are not posted unless special circumstances dictate.

Disclaimer: The statements made in The Estin Report represent the opinions of the author not Mason Morse Real Estate. They should not be relied upon exclusively to make real estate decisions. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.920.7387 or email.  A potential buyer is advised to make an independent investigation of the market and of each property before deciding to purchase. 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. The Estin Report is copyrighted 2011 and all rights are reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Market by Aspen broker Tim Estin mba, gri, www.EstinAspen.com”.