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The Estin Report: Aspen Snowmass Real Estate Weekly Market Update Closed (5) and Under Contract (6): Jan 1 - 8, 2012

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Coldwell Banker Mason Morse Aspen broker Tim Estins complete AspenRealEstateBlog.com is released Monday mornings at his website and at times during the week. These CBMM postings are condensed. For the latest Aspen real estate news, sales statistics and market activity, follow him on twitter @EstinAspen . He welcomes your inquiries, comments and business. Call 970.920.7387 or email: testin@masonmore.com

THE ESTIN REPORT: STATE OF THE ASPEN MARKET 2011 YEAR AND 4TH QUARTER was released on Jan 9, 2011

The Estin Report: State of the Aspen Market 2011 Year and 4th Quarter (draft pg 10)

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 in the upper Roaring Fork Valley excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (6): MLS# 119104, 123293, 115037, 121869, 123632, 123321. This link is valid for 30 days until 2/07/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (5): MLS# 122030, 117227, 110186, 117007, 113457. This link is valid for 30 days until 2/07//2012.

Select Aspen Solds Last Week:

MLS #122030 - Aspen, Historic West End single family home, 715 W. North Street, Aspen, CO: Sold Price: $4,632,157/$850 sq ft unfurnished. More details below photos.

MLS #122030 - Aspen, Historic West End single family home, 715 W. North Street, Aspen, CO: Sold Price: $4,632,157/$850 sq ft unfurnished; Ask Price: $4,950,000. (Original Price: $4,950,000 and 174 days on the market since 07/15/2011.) This is a 1981 built, 4 bedroom/4 baths/1 half bath, 5,448 sq ft single family home with 2 car garage. Broker comments are, "Located on a triple-sized lot on a quiet street in the West End, this wonderfully maintained home is available for the first time by the original owner. Enjoy it as is, or personalize it with an easy interior remodel. Features include 4 bedrooms, 4.5 baths, 5,448 square feet, vaulted ceilings, hardwood floors in the kitchen & breakfast room, wood-burning fireplace, finished basement, 557 square foot two car garage, lovely front porch, intimate deck with partial views of Aspen Mountain, and a nicely landscaped yard. A rare & terrific opportunity priced for todays market." 2010 Taxes: $15,462. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/08/2011; Sold Date: 01/05/2012. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby's Intl Realty.)

MLS #117227 - Aspen, McLain Flats single family home, 2049 McLain Flats Road, Aspen, CO: Sold Price: 4,200,000/$628 sq ft unfurnished. More details below photos.

MLS #117227 - Aspen, McLain Flats single family home, 2049 McLain Flats Road, Aspen, CO: Sold Price: $4,200,000/$628 sq ft unfurnished; Ask Price: $5,450,000. (Original Price: $6.750,000 and 1,463 days on the market since 12/27/2007.) This is a 1994 built, 4 bedroom/4 baths/1 half bath, 6,687 sq ft single family home with 2 car garage on 6.55 acres. This property has been on the market through the entire past 4 year boom and recession cycle. It is arguably a high end McLain Flats lot sale. Broker comments are, "Palladio: A well recognized form of architecture which says you dont want to be like everybody else, you are the type to enjoy something unique. Palladio, known the world over now makes a statement in Aspen. This beautiful McLain Flats estate is tucked against a mountain side offering all-encompassing views of Aspens surrounding mountain peaks plus the 4 ski areas. The 4 bedroom home has a copper roof, Italian columns, French limestone floors, indoor pool and gym, architectural ceilings and more. All in an ambiance perfect to display an art collection to its best advantage! Owner flexible will consider the possibility of trades. Owner Financing Available. Property is on the same drive as $25,000,000 recently sold property, with similar views. Conceptual drawings for renovation see docs." 2010 Taxes: $11,172. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/26/2011; Sold Date: 12/29/2011. (Photos and broker comments courtesy of Carol Dopkin R.E.)

Disclaimer: The statements made in The Estin Report and on Tim Estin's blog represent the opinions of the author not Coldwell Banker 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 eported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.920.7387 or testin@masonmorse.com. 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 Market, By Aspen broker Tim Estin, mba, gri."

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