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The Estin Report: Aspen Snowmass Real Estate Weekly Market Update Report - Closed (4) and Under Contract (3): Oct. 23 - 30, 11

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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.

The Estin Report: 3rd Quarter 2011 (July 1 - Sept. 30, 2011) State of the Aspen Real Estate Market

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Click image for executive summary and complete report pdf. Released Oct. 6, 2011

Last Week's Market Highlights - Aspen Snowmass real estate weekly sales statistics 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 select closed properties (primarily those with excellent photography) are posted at my full blog post to attempt to preserve a public archive of sold market activity.

Under Contract / Pending (3): MLS #s: 122056, 120763, 120194. This link is valid for 30 days until 11/29/11. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (4): MLS #'s: 121159, 121496, 122477, 121457. This link is valid for 30 days until 11/29/11.

Featured Aspen Sold Properties Last Week MLS #121496 - Aspen, East Aspen single-family home, 521 Mcskimming Road, Aspen, CO: Sold Price: $3,225,000/$885 sq ft partially furnished. More details below photos.

MLS #121496 - Aspen, East Aspen single-family home, 521 McSkimming Road, Aspen, CO: Sold Price: $3,225,000/$885 sq ft partially furnished. (Original Price: $4,495,000 and 134 days on the market since 06/09/2011.) This 1960 built/2005 remodeled East Aspen single-family home has 3 bedrooms/3 baths/1 half bath, 3 car garage, 3,641 sq ft. Broker comments are, "Fabulous Fritz Benedict designed home in the style of Frank Lloyd Wright's Fallingwater masterpiece. Built naturally into the heavily treed hillside and adjacent to BLM, this is an iconic mid-century modern period piece that has been lovingly restored and updated with all the modern conveniences. Large glass windows throughout take advantage of views from Independence Pass to downtown Aspen to Mount Sopris. An art lover's dream come true." 2010 Taxes: $9,883. Under Contract Date: 07/22/2011; Sold Date: 10/21/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and broker comments courtesy of SDS Real Estate, Inc.)

MLS #121457 - Aspen, East Aspen single-family home, 1404 Crystal Lake Road, Aspen, CO: Sold Price: $6,675,000 /$1,259 sq ft furnished. More details below photos. MLS #121457 - Aspen, East Aspen single-family home, 1404 Crystal Lake Road, Aspen, CO: Sold Price: $6,675,000/$1,259 sq ft furnished. (Original Price: $8,300,000 and 150 days on the market since 05/31/2011.) This 2002 built single-family home in East Aspen has 4 bedroom/4 baths/1 half bath, 2 car garage, 5,300 sq ft. Broker comments are, "Beautiful proportions create harmony in this elegantly appointed and furnished 4 BR stone and timber residence. Timeless architecture is enhanced by hand trowel finishes, rock facings and limestone floors. Reclaimed 150 year old beams frame the 28 Ft Great Room ceiling. Lush landscaping complements the private mountain setting - minutes from the gondola. The house features a fully equipped chef's kitchen with sunny breakfast alcove, library & media center, master suite w/sitting room and terrace; 3 additional bedrooms w/en-suite baths Stone terraces, spa hot tub, 4 fireplaces, sky lighting and a heated 2 car garage complete a perfect package. Warning: Don't come to look unless you're prepared to fall in love." 2010 Taxes: $12,409; HOA Dues: $1,649 Yr. Under Contract Date: 09/14/2011; Sold Date: 10/28/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby's Intl Realty.)

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 at testin@masonmorse.com . 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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