The Estin Report Aspen Snowmass Real Estate Weekly Market Update Closed (3) and Under Contract (14): Jan 15 - 22, 2011

Select Aspen Solds Last Week:

MLS #121694 - Aspen, Smuggler area, Racquet Club townhome condo, 1050 Matchless Drive Unit 4, Aspen, CO: Sold Price: $1,700,000/$691 sq ft unfurnished. More details below photos.

MLS #121694 - Aspen Smuggler area, Racquet Club townhome condo, 1050 Matchless Drive Unit 4, Aspen, CO: Sold Price: $1,700,000/$691 sq ft unfurnished; Ask Price: $1,795,000. (Original Price: $1,795,000 and 203 days on the market since 06/27/2011.) This is a 1977 built/2009 remodeled, 3 bedroom/2 bath/1 half bath, 1,607 sq ft townhome. Broker comments are, "Tranquil east side townhome set amongst mature trees on a sumptuous rolling lawn, with a trickling stream steps away & beautiful views of Aspen Mountain. The small complex has just four units, and the exterior was recently remodeled with stone & wood, a new roof, and new windows. Set up as a duplex, the remodeled interior features 3 bedroom/2.5 bath, 1607 square feet plus an 800 square foot unfinished basement, spacious floor plan, open beam ceilings, new granite kitchen & baths, new doors & trim, new paint & carpet, wood-burning fireplace, walk-in closet in the master bedroom, recessed lighting, and a large rear deck with spacious yard. Walk to town from the convenient location between Aspens core & Smuggler Mountain. This is a rare find at this price." 2010 Taxes: $4,103; HOA Dues: $600 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/19/2011; Sold Date: 01/16/2012. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby's Intl Realty.)

MLS #122814 - Downtown Aspen, Hopkins Roan Townhome, 728 E. Hopkins Avenue #728, Aspen, CO: Sold Price: $4,200,000/$981 sq ft furnished. More details below photos.

MLS #122814 - Downtown Aspen, Hopkins Roan Townhome, 728 E. Hopkins Avenue #728, Aspen, CO: Sold Price: $4,200,000/$981 sq ft furnished; Ask Price: $4,695,000. (Original Price: $4,695,000 and 116 days on the market since 09/23/2011.) This is a 2001 built/2008 remodeled, 4 bedroom/4 bath/1 half bath, 4,278 sq ft townhome with 2 car garage. Broker comments are, "Spacious town home in the heart of Aspen. Enjoy the convenience of down town without sacrificing the any square footage. The 4278 SF town home has generous sized rooms with tall ceilings in all the bedrooms and cathedral ceilings in the main living area. There are fire places in all of the bedrooms and main living area (6 total). It is being sold fully furnished and turnkey with flat screen TV's and control 4 system. Great rental history for your investors or perfect for an end user." 2010 Taxes: $12,773; HOA Dues: $2,382 Qtr. Cty of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/16/2011; Sold Date: 01/13/2012. (Photos and broker comments courtesy of Frias Properties of Aspen.)

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. Real Estate. 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 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."