Viceroy Closing: 33% reduction in value loss in 2 years

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Snowmass Village: Recent closing at the Viceroy shows discrepancy in the marketplace.  Is this a factor of the economy, Base Village, or other?

Original Closing: $515,000 on  7/10/13

Recent Closing: $348,000 on 2/18/16

Property Type: RES w/Improvments Condominium Address: 130 Wood Road 437, Snowmass Village, CO 81615 Status: Closed Asking Price: $529,000
List Number: 129738
Type: Condo/Townhouse/Duplex/Half Duplex
Area: 02-Snowmass Village
Major Area: Snowmass Village
Sub/Loc: Viceroy
County: Pitkin
Bedrooms: 1
Full Baths: 1
Baths – Half: 1
Baths – 3/4: 0
Total Baths: 2
Lot Size: Unknown
Acreage: Unknown
Garage: Common
Furnished:

 Yes
Orig List Price Per/SF:

 912.07
Lv Ht SqFt: 580
LvHtSqFt (Abv Grnd):
LvHtSqFt (Blw Grnd):
Price/LvH SqFt: 912.07
Unfinished SqFt: 0
Total SqFt: 580
Pt/Dk SqFt:
Garage SqFt:
Lot SqFt: 0
Nbr of Acres: 0
Year Built: 2010
Year Remodeled:
Zoning:
Levels: 1
Short Termable:
Account #: R021531
Parcel #: 273301339150
Indoor Air Plus:
Pre-Fabricated Home: No
ADU:
Leed for Homes:
HERS:
Taxes: 1,692.16
Tax Year: 2012
Transfer Tax: Yes
Short Sale:
REO: No
Payment Per: Quarter
HOA Dues Y/N: Yes
HOA Dues: 3565.71
Earnest $/%:

 10%
Earnest $ Payable To: Title Company of the Rockies
Special Assessments:
Foreclosure:
HOA Transfer Fee: Yes
Bedrooms Living Room Dining Room Kitchen Full Bath Half Bath Family Room Den/Study/Library Laundry/Utility Room
3/4 Bath
Public Remarks: New Condominium units now available at the world-acclaimed Viceroy. Ski in-Ski-out in Snowmass’ Base Village, there is nothing else like in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.
Directions: Brush Creek to Wood Road
Addendum: The images shown in this listing may not necessarily represent the actual units being offered for sale. Additionally, the images include certain furnishings and accessories that may not be included in this offering. All commission paid to Buyer Agent is on the net sale price less any Seller concessions/incentives or credits.
Legal: Subdivision: ASSAY HILL LODGE CONDO Unit: 437 DESC: AKA 13337
Construction: Frame; Poured Concrete

Exterior: Stone Siding; Stucco; Wood Siding

Cooling: Central A/C

Condition: Excellent

Carport:

Documents on File: Inventory

Disclosures:

Electric: Yes

Energy Efficiency: CFL or LED Lighting; Energy Star Windows; High R Insulation; Low E Windows; Progrmble Thermostat; S. Facing Overhangs

Exclusions:

Extras: Cable TV; Elevator; Handicap Access; Hot Tub/Spa; Patio/Deck; Pool

Fireplace: Gas

 Gas: Natural Gas

HOA Amenities: Bus/ShuttleService; Conference Facility; Front Desk; Locker Ski Storage; On-Site Management; Pets Allowed/Owner

HOA Fees Includes: Cable; Contingency Fund; Grounds Maintenance; Insurance; Management; Sewer; Snow Removal; Unit Electric; Unit Heat; Water

Heating: Forced Air

Inclusions: Microwave; Range; Refrigerator

Indoor Air Quality:

Location Amenities: Ski In Access; Ski Out Access; Views

Laundry Facility:

Mineral Rights:

Parking Area: Common

Possession: DOD

Member Association: Aspen Association

 Roof: Composition Shingles

Substructure:Slab

Sign:

Showing Instructions: Call Listing Office

Sanitation: Sewer

Style:Contemporary

Sustainable Material:

Terms Offered:Cash

Unit Faces:

Water Rights: No

Water: City

Agency: Excl Right to Sell
Sold Price: 515,000
Sold Date: 07/10/2013
How Sold: Conventional Fixed
Proposed Close Date: 07/11/2013
Sold Price Per/SF:

 887.93
Seller Concessions: Yes
DOM: 210 ADOM: 210 Listing Date: 12/12/2012
Seller’s Name Snowmass Acquisition Corporation Under Contract Date 05/03/2013
TB%: 3 BB%: 3 Variable Comm: No
Original List Price: 529,000
Fallthrough Date: Flat Fee: No

 
Property Type: RES w/Improvments Condominium Address: 130 Wood Road 437, Snowmass Village, CO 81615 Status: Closed Asking Price: $361,000
List Number: 135242
Type: Condo/Townhouse/Duplex/Half Duplex
Area: 02-Snowmass Village
Major Area: Snowmass Village
Sub/Loc: Assay Hill Lodge
County: Pitkin
Bedrooms: 1
Full Baths: 1
Baths – Half: 0
Baths – 3/4: 0
Total Baths: 1
Lot Size: Unknown
Acreage: Unknown
Garage: Common
Furnished:

 Yes
Orig List Price Per/SF:

 622.41
Lv Ht SqFt: 580
LvHtSqFt (Abv Grnd):
LvHtSqFt (Blw Grnd):
Price/LvH SqFt: 622.41
Unfinished SqFt: 0
Total SqFt: 580
Pt/Dk SqFt:
Garage SqFt:
Lot SqFt: 0
Nbr of Acres: 0
Year Built: 2010
Year Remodeled:
Zoning:
Levels: 1
Short Termable:
Account #: R021531
Parcel #: 273301339150
Indoor Air Plus:
Pre-Fabricated Home: No
ADU:
Leed for Homes:
HERS:
Taxes: 3,229
Tax Year: 2014
Transfer Tax: Yes
Short Sale: No
REO: No
Payment Per: Quarter
HOA Dues Y/N: Yes
HOA Dues: 3639.60
Earnest $/%:

 10,000
Earnest $ Payable To: Title Company of the Rockies
Special Assessments:
Foreclosure:
HOA Transfer Fee: Yes
Bedrooms Living Room Dining Room Kitchen Full Bath Half Bath Family Room Den/Study/Library Laundry/Utility Room
3/4 Bath
Public Remarks: Location, Location, Location. Amenities, Amenities, Amenities. Located at the base of Snowmass Ski Resort with all the amenities of a world class hotel. Amazing spa and top notch restaurants. Highly desired unit with high ceilings and preferred location on the main floor with beautiful down valley views.
Directions: Brush Creek to Wood Road. Viceroy is a quarter mile up Wood Road on left.
Addendum:
Legal: Subdivision: ASSAY HILL LODGE CONDO Unit: 437 DESC: AKA 13337
Construction: Frame

Exterior: Stone Siding; Stucco; Wood Siding

Cooling: Central A/C

Condition: Excellent

Carport:

Documents on File: CC & R’s; Inventory

Disclosures:

Electric: Yes

Energy Efficiency: CFL or LED Lighting; Energy Star Windows; High R Insulation; Progrmble Thermostat; S. Facing Overhangs

Exclusions:

Extras: Cable TV; Elevator; Handicap Access; Hot Tub/Spa; Outdoor Hot Tub/Spa; Patio/Deck; Pool

Fireplace: Gas

 Gas: Natural Gas

HOA Amenities: Bus/ShuttleService; Conference Facility; Front Desk; Locker Ski Storage; On-Site Management; Pets Allowed/Owner

HOA Fees Includes: Cable; Contingency Fund; Grounds Maintenance; Insurance; Management; Sewer; Snow Removal; Trash Removal; Unit Electric; Unit Heat; Water

Heating: Electric; Forced Air

Inclusions: Energy Star Dishwash; Energy Star Dryer; Energy Star Oven; Energy Star Range; Energy Star Refrig; Energy Star Washer; Freezer; Microwave

Indoor Air Quality: Low or No VOC Carpet; Low or No VOC Paint; Low VOC Cabinets

Location Amenities: Ski In Access; Ski Out Access; Views

Laundry Facility: Area

Mineral Rights:

Parking Area: Common

Possession: DOD

Member Association: Aspen Association

 Roof: Composition Shingles

Substructure: Slab

Sign: No

Showing Instructions: Call Listing Office

Sanitation: Sewer

Style:Contemporary

Sustainable Material:

Terms Offered:Cash; New Loan

Unit Faces:

Water Rights:

Water: City

Agency: Excl Right to Sell
Sold Price: 348,000
Sold Date: 02/16/2016
How Sold: Conventional Fixed
Proposed Close Date: 02/16/2016
Sold Price Per/SF:

 600
Seller Concessions: No
DOM: 584 ADOM: 584 Listing Date: 07/12/2014
Seller’s Name HANCOCK Under Contract Date 12/29/2015
TB%: 3 BB%: 3 Variable Comm: No
Original List Price: 535,000
Fallthrough Date: Flat Fee: No

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Erik Cavarra

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