Price Reduction within the Pines: Snowmass Village

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Snowmass Village, Colorado:  Another price Reduction has hit the Pines neighborhood.  This reduction marks the 3rd reduction in recent days within the prestigious neighborhood of the Pines.  Erik Cavarra believes this downward pressure will allow Buyers to find deals within the area, and truly take advantage of buying opportunities within the market and certain sellers.

Property Type: RES w/Improvments N/A

 Address: 680 Pine Crest Drive Snowmass Village, CO 81615

 Status: Active

 Asking Price: $7,450,000

List Number: 133494
Type:

 Single Family
Area: 02-Snowmass Village
Major Area: Snowmass Village
Sub/Loc:

 Pines @ Owl Crk
County: Pitkin
Bedrooms: 5
Baths:

 5
Baths – Half: 1
Baths – 3/4:

 0
Lot Size: 32,001 – 43,000
Acreage: Refer to Lot Size
Garage: 2 Car
Furnished:

 Yes
List Price Per/SF:

 1,274.59
Lv Ht SqFt: 5,845
LvHtSqFt (Abv Grnd):
LvHtSqFt (Blw Grnd):
Unfinished SqFt: 0
Total SqFt: 5,845
Pt/Dk SqFt:
Garage SqFt:
Lot SqFt: 5,845
Nbr of Acres: 0.87
Year Built: 2000
Year Remodeled: 2007
Zoning:
Levels: 3
Short Termable:
Account #: R014902
Parcel #: 273506402031
Indoor Air Plus:
Pre-Fabricated Home: No
ADU:
Leed for Homes:
HERS:
Taxes: 20,581.48
Tax Year: 2013
Transfer Tax: Yes
Short Sale:

 No
REO:

 No
Payment Per: Year
HOA Dues Y/N:

 Yes
HOA Dues:

 5466
Earnest $/%:

 5%
Earnest $ Payable To: Stewart Title of Aspen
Special Assessments:
Foreclosure:
HOA Transfer Fee:

 No
Bedrooms Living Room Dining Room Kitchen Full Bath Half Bath Family Room Den/Study/Library Laundry/Utility Room
3/4 Bath
Public Remarks: Enjoy the perfect mountain retreat with direct ski in/ski out (click in/click out) right to the house and with the best views of any home in the Pines. The home faces south for all day sun and dead-on views of High Alpine and the Cirque Headwall ski areas of Snowmass Mt. This home abuts National Forest with miles of some of the best wilderness nature hiking, biking, and cross country skiing out your back door. The home offers an open floor plan with vaulted ceiling for a sense of spaciousness yet well proportioned to feel warm and cozy. Snuggle up in front of the large fireplace on those cold winter evenings or relax your tired muscles in the sauna or outdoor hot tub.
Directions: Owl Creek Rd to Pine Crest Drive, house is on the left side of the road.
Addendum:
Legal: Pines (East Village) Lot: 31
Construction: Frame; Stone

Exterior: Stone Siding; Wood Siding

Cooling:

Condition: Excellent

Carport: 2 Car

Documents on File: House Plans; Inventory

Disclosures:

Electric: Yes

Exclusions:

Extras: Hot Tub/Spa; Landscaping; Lawn Sprinklers; Outdoor Hot Tub/Spa; Patio/Deck; Security System; Steam Shower

Fireplace: Gas; # Fireplaces: 4

 Gas: Natural Gas

HOA Amenities:

HOA Fees Includes: Management; Road Maintenance

Heating:

Inclusions: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer; Window Coverings

Location Amenities: Exposure, Southern; Ski In Access; Ski Out Access; Trees; Views

Laundry Facility: Room

Mineral Rights: No

Parking Area: 2 Car

Possession: DOD

Member Association: Aspen Association

 Roof: Shake

Substructure: Crawl Space

Sign: No

Showing Instructions: Call Listing Office

Sanitation: Sewer

Style:

Terms Offered: Cash

Unit Faces: South

Water Rights: No

Water: City

Agency: Excl Right to Sell
Sold Price Per/SF:

 0
DOM: 287 ADOM: 287 Listing Date: 03/04/2014
Seller’s Name Breitling Under Contract Date
TB%: 2.5 BB%: 2.5 Variable Comm: No
Original List Price: 7,750,000
Fallthrough Date: Flat Fee: No

 

CMA: Comparable Properties
135572 123680 132531
389 Pine Crest Drive 
Snowmass Village CO		 521 Pine Crest Drive 
Snowmass Village CO		 568 Mountain Crest Lane 
Snowmass Village CO
List Price $8,250,000 $5,950,000 $7,950,000
Original List Price $8,250,000 $7,395,000 $8,277,000
Sold Price      
Status Active Active Active
Status Date 07/31/2014 12/18/2012 01/06/2014
Days on Market 140 1095 372
       
Bedrooms 5 5 5
Total SqFt 5,582 5,530 5,724
Lot Size Refer to Acreage 22,001 – 32000 43,001 – 65,000
Nbr of Acres 0.72 0.73 1.11
HOA Transfer Fee No Yes Yes
Year Built 2001 2000 2001
Seller Concessions      
Leed for Homes      
Price $8,250,000 $5,950,000 $7,950,000

 

CMA: Comparable Properties
  133098 133494 136876
 
163 Spruce Ridge Lane 
Snowmass Village CO		 680 Pine Crest Drive 
Snowmass Village CO		 400 Pine Crest Drive 
Snowmass Village CO
List Price $7,900,000 $7,450,000 $6,375,000
Original List Price $8,500,000 $7,750,000 $6,375,000
Sold Price      
Status Active Active Active
Status Date 02/27/2014 03/25/2014 12/01/2014
Days on Market 292 287 20
       
Bedrooms 6 5 6
Total SqFt 6,000 5,845 5,728
Lot Size 65,001 – 86,000 32,001 – 43,000 43,001 – 65,000
Nbr of Acres 1.64 0.87 0.50
HOA Transfer Fee No No No
Year Built 2001 2000 2007
Seller Concessions      
Leed for Homes      
Price $7,900,000 $7,450,000 $6,375,000

 

CMA: Statistical Summary

Price Analysis
Summary of Active Listings
MLS # Address Orig. List Price DOM List Price Total Adjustments Adjusted Price
136876 400 Pine Crest Drive, Snowmass Village CO $6,375,000 20 $6,375,000 – $6,375,000
135572 389 Pine Crest Drive, Snowmass Village CO $8,250,000 140 $8,250,000 – $8,250,000
133494 680 Pine Crest Drive, Snowmass Village CO $7,750,000 287 $7,450,000 – $7,450,000
133098 163 Spruce Ridge Lane, Snowmass Village CO $8,500,000 292 $7,900,000 – $7,900,000
132531 568 Mountain Crest Lane, Snowmass Village CO $8,277,000 372 $7,950,000 – $7,950,000
123680 521 Pine Crest Drive, Snowmass Village CO $7,395,000 1095 $5,950,000 – $5,950,000
Low, Average, Median, and High Comparisons
Active Overall
Low $5,950,000 $5,950,000
Average $7,312,500 $7,312,500
Median $7,675,000 $7,675,000
High $8,250,000 $8,250,000
Overall Market Analysis (Unadjusted)
Status # List Vol. Avg. List Price Sold Vol. Avg. Sold Price Avg. Sale/List Price Avg. Total SqFt Avg. List $/Total SqFt Avg. Sold $/Total SqFt Avg. Dom
Active 6 43,875,000 7,312,500 0 0 0.00 5,735 1,274.50 0.00 368
Overall 6 43,875,000 7,312,500 0 0 0.00 5,735 1,274.50 0.00 368

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Erik Cavarra

(970) 923-0817 Office|(970) 618-9733 Cell
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