The Estin Report Aspen Snowmass Real Estate Weekly Market Update Closed (6) and Under Contract (6): Jan 22 - 29, 12

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# 124040, 115247, 121490, 109042, 98741, 117573 . This link is valid for 30 days until 2/29/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (6): MLS# 114121, 120861, 122327, 119454, 122237, 117190. This link is valid for 30 days until 2/29//2012.

Aspen Snowmass Solds Last Week:

MLS #119454 - Aspen, West End, Hallam Addition single family home, 600 N. Third Street, Aspen, CO: Sold Price: $6,750,000/$1,175 sq ft unfurnished. More details below photos.

MLS #119454 - Aspen, West End, Hallam Addition single family home, 600 N. Third Street, Aspen, CO: Sold Price: $6,750,000/$1,175 sq ft unfurnished; Ask Price: $9,500,000. (Original Price: $12,500,000 and 374 days on the market since 01/19/2011.) This is a bankruptcy estate sale of a 1990 built/2009 beautiful contemporary remodel, 4 bedroom/4 bath/2 half bath, 5,744 sq ft single family home with 2 car garage. Broker comments are, "For that Buyer looking for the ultimate in contemporary style and design. Completely renovated in 2010 by Rowland and Broughton this West End home on a corner lot features exquisite finishes. Museum lighting, plaster walls, black granite floors, Porro Italian closet design in master, TRE-Piu doors, forced air, A/C-ready, and radiant heat, reverse osmosis, Boffi fixtures, elevator, 2-car heated garage and more. Fourth bedroom is currently used as a playroom. It is plumbed for full bath." 2010 Taxes: $13,662. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/08/2011; Sold Date: 01/20/2012. (Photos and broker comments courtesy of SDS R.E.)

MLS #114121 - Aspen, East Aspen single family home, 257 Park Avenue, Aspen, CO: Sold Price: $4,025,000/$1,012 sq ft furnished. More details below photos.

MLS #114121 - Aspen, East Aspen single family home, 257 Park Avenue, Aspen, CO: Sold Price: $4,025,000/$1,012 sq ft furnished; Ask Price: $5,995,000. (Original Price: $5,995,000 and 771 days on the market since 12/16/2009.) This is a bankruptcy estate (same estate as above, 600 N Third) sale 2005 built, 4 bedroom/3 bath/1 half bath, 3,601 sq ft single family home with 2 car garage. Broker comments are, "The ultimate chic, contemporary home for indoor/outdoor living two blocks from downtown Aspen. Perfect for entertaining, special features include media room; multiple whirlpool tubs; snowmelt drive, walks and patio; great art walls and niches; a large pool/spa; and a courtyard with stunning zen gardens. Amazing Aspen Mountain views. A sexy 375 sq. ft. heated, lighted outdoor cabana provides for year-round enjoyment and privacy with its own living room, built-in TV, and outdoor kitchen complete with grill and fire pit." 2010 Taxes: $14,717. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/08/2011; Sold Date: 01/20/2012. (Photos and broker comments courtesy of SDS 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. 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."