Mason Morse Aspen broker Tim Estins complete AspenRealEstateBlog.com is released Monday mornings at his website and at times during the week. These MM postings are condensed. For the latest Aspen real estate news, sales statistics and market activity, follow him on twitter @EstinAspen . He welcomes your business, inquiries and comments. Email him or call 970.920.7387.
Last Week's Market Highlights - Aspen Snowmass Real Estate Sales and Under Contract Activity: Last week's real estate sold and under contract 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 select closed properties (primarily those with excellent photography) are posted at my website blog to preserve an archive of sold market activity.
Under Contract / Pending (3): MLS #106220, 116713, 120280, 116889, 113727, 120946, 12321. This link is valid or 30 days until 10/24/2011. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.
Closed (7): MLS #106220, 116713, 120280, 116889, 113727, 120946, 12321. This link is valid or 30 days until 10/24/2011.
Featured Sold Aspen Properties Last Week
MLS # 116889 - STRIKING NEW CONTEMPORARY home in East Aspen, 173 Skimming Ln, Aspen CO: Sold Price: $7,000,0000/$1,314 sq ft unfurnished. (More details and description below property photos.)
MLS # 116889 - East Aspen single family home, 173 Skimming Ln, Aspen CO: Sold Price: $7,000,0000/$1,314 sq ft unfurnished; Ask Price: $7,450,000. (Original Price: $7,995,000 and 462 days on the market since 06/16/2010.) This is a stunning 2010 built contemporary home with 4 bedrooms/4 baths/2 half baths, 5,324 sq ft on .44 acres with 2-car garage. It is located on western portion of Mountain Valley area with beautiful southwest views of the town of Aspen, Aspen Mountain and Mt Sopris/Sunsets. The broker's comments are, "Zone 4 Architecture & Brikor Construction combined resources & paid attention to every detail when creating this gorgeous contemporary home! The exterior features dry stack Oklahoma pioneer stone with solid mahogany, 1130 square feet of open & covered decks, generous yard, irrigation stream, and great southern exposure. The interior features exceptional craftsmanship throughout, open floor plan, bold yet warm contemporary design, private office, lighting system, electronic mesh shades, elevator, Italian porcelain tile & veneer cabinetry, state of the art A/V system, humidification system, A/C, radiant heat, walk-out patios off every bedroom, hot tub, fire pit, extensive snowmelt, & winter views of Aspen Mtn. Just 7/10 of a mile to downtown Aspen!" 2010 Taxes: $17,043 Yr. Under Contract Date: 08/07/11; Sold Date: 09/21/11. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby's Intl Realty; Buyer Agency: Mason Morse Real Estate.)
MLS 106220 - ONE OF 'TOP BEST DEALS OF 2011': Well-preserved older Starwood single family home with great mountain views, 92 Eppley Dr, Aspen, CO: Sold Price: $2,200,000/$515 sq ft partially furnished. More details and description below the photos.
MLS 106220 - Well-preserved older Starwood single family home with great mountain views, 92 Eppley Dr, Aspen, CO: Sold Price: $2,200,000/$515 sq ft partially furnished; Ask Price: $2,400,000. (Original Price: $4,500,000 and on the market 1,164 days since 07/08/2008.) This is one of the best "deals" to close in 2011...a 1981 built/1984 remodeled 4 bedroom/3.5 bath, 4,270 sq ft home in excellent condition with 2-car garage on 2 acres. The broker's comments are, "Very well-maintained older (but immaculate) home on one of Starwood's best lots. Four bedrooms, three-and-one-half baths, plus nice office and work-out room, spacious heated garage. Exceptional views. Lot is heavily vegetated with mature trees. Backs up to National Forest. Very private and quiet. Compare this to what you can buy in Aspen." 2009 Taxes: $11,474 Yr; HOA Dues: $248 YR. Under Contract Date: 07/14/11; Sold Date: 09/15/11. (Photos and description courtesy of Morris & Fyrwald, Sotheby's Intl Realty.)
Links to recent market articles and report:
"Sales of Colorado Mountain Resort Homes in July Lowest in Years", 09/09/11 Business Section, Denver Post "Mega-mansion Deals Spur Rebound in Aspen Market", 07/17/11 Sunday Business, Grand Junction Sentinel The Estin Report: 1st Half 2011 State of the Aspen Market (released 07/14/11) 
Disclaimer: The statements made in The Estin Report and on Tim Estin's blog represent the opinions of the author not Mason Morse. They 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"
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