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460 Sunnyside Lane / Aspen Lakes Ranch

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Hedge-fund billionaire, John Paulson sold his Aspen Lakes Ranch on May 30, 2014. Friday's transaction is one of the largest residential sales recorded in Pitkin County so far for 2014. Annemie Dundon with ASPEN ESTATES, INC brokered the transaction along with Bob Bowden. John Paulson purchased Hala Ranch in 2012, a 130-acre Starwood property formerly owned by Prince Bandar bin Sultan of Saudi Arabia for $49 million. It was one of the more expensive real estate transactions recorded in the valley. 

READ MORE  http://www.aspendailynews.com/section/home/162471


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31 Mountain Laurel Drive

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Washington D.C. developer Laurence Lipnick teams up with David Johnson Architects in Aspen, creating another great home in Aspen. Completion date should be summer of 2013.


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MARKET ANALYSIS/ ASPEN PITKIN COUNTY/ Courtesy of Land Title Guarantee Company

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Summary
$73,084,171 - total dollars for March, a decrease of 30% from March 2012
65 - total transactions for March, an increase of 35% from March 2012
Year to date, dollars total $191,347,388 a decrease of  22% from same period 2012
Year to date, transactions total 168, an increase of 13% from same period 2012
For the month, Aspen posted 26 transactions ($41.7 million), Snowmass Village 19 ($24.4 million), Interval units 12 ($3.9 million), Basalt 4 ($1.7 million), Redstone 3 ($921,900), and Old Snowmass 1 ($549,000).
There were 15 bank sales recorded in the county for March totaling $8 million.  This accounted for 23% of the transactions and 11% of the dollars (see page 9 for more details)
Year to date, there have been 31 bank sales recorded in the county, totaling $17 million.  This accounts for 18% of the transactions and 9% of the dollars. 
The average single family home sold price thru March is $2,746,347, a decrease of 35% from full year 2012
The median single family home sold price thru March is $2,200,000, a decrease of 21% from full year 2012
Interval dollar volume for March was down 3% from March 2012, with a total of $3.9 million
Interval transaction volume for March was up 50% from March 2012, with a total of 12
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WHY DOES HOMEOWNERSHIP MATTER?

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Home ownership has a possitive affect on educational achievement, health, quality of life & civic participation.

  • The net worth of a homeowner has historically proven 31 to 46 that of a renter
  • A fixed-rate mortgage may not change in 15 to 30 years. Rent typically increases 3% per year.
  • Every home purchase contributes over $60,000 to our economy

 

 


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PiITKIN COUNTY REAL ESTATE TRANSACTIONS 2010

JANUARY
JAN 18-26

Seller: Star Mesa West LLC
Buyer: May 15 Partners LP, Houston, Texas
Property: W/J Ranch Homes lot 3, filing 5
Price: $1,800,000

Seller: Star Mesa West LLC
Buyer: Robert F. Starodoj, Aspen
Property: W/J Ranch Homes lot 4, filing 5
Price: $1,800,000

Seller: Star Mesa West LLC
Buyer: Eastwood Star Mesa LLC, Aspen
Property: W/J Ranch Homes lot 1, filing 5
Price: $1,800,000

Seller: Little Nell 6 LLC
Buyer: Gregory S. Lerner, Bellair, Texas
Property: Little Nell condo unit 6
Price: $1,225,000

Seller: Star 3 Inc.
Buyer: Breadner Trust, Kitchener, Ontario
Property: Owl Creek Homes condo unit 20, building 11
Price: $3,650,000

Seller: Arep Stonebridge 610 LLC
Buyer: Black Stone Diamonds Inc., Ipanema, Rio De Janeiro, Brazil
Property: Stonebridge condo unit 610, building 1
Price: $1,750,000

Seller: Base Village Owner LLC
Buyer: James Herrel, Snowmass Village
Property: Capitol Peak Lodge condo unit 3027  
Price: $99,759.57

Seller: Cynthia A. Green, Kenneth M. Lopson
Buyer: Kenneth M. Lipson, Toronto, Ontaro
Property: (no exhibit attached)
Price: $110,000


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PITKIN COUNTY REAL ESTATE TRANSACTIONS 2010

JANUARY

JAN. 1-8

Seller: Christian T. Mile Trust
Buyer: Laurie Jo Bernhard, Los Angeles
Property: Redstone Ranch Acres lot B6
Price: $585,000

Seller: Sinclair Meadows Owner LLC
Buyer: Steve Rumbaugh, Lynn Rumbaugh, Aspen
Property: Sinclair Meadows lot 18, condo unit C1
Price: $282,378.55

Seller: Dancing Bear Land LLC
Buyer: Nancy T. Myers trustee, Gregory A. Myers trustee, Jennifer M. Wells trustee, Michael J. Myers Trust, Beaufort, S.C.
Property: Dancing Bear Residences Aspen condo unit 5, interest D5
Price: $699,000

Seller: Ritz Carlton Development Co. Inc.
Buyer: Miramar Marketing LLC, Orlando, Fla.
Property: Aspen Highlands condo unit 2302, residence interest 9
Price: $99,975

Seller: Alpine Bank
Buyer: Richard Ost, Beth Ost, Huntingdon Valley, Penn.
Property: Aspen Highlands condo unit 2407, residence interest 4
Price: $155,000

Seller: Ritz Carlton Development Co. Inc.
Buyer: Lori A. Berenger, Philippe G. Berenger, Orlando, Fla.
Property: Aspen Highlands condo unit 2408, fixed weeks 6, 31, 32 and floating week
Price: $120,000


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PITKIN COUNTY REAL ESTATE TRANSACTIONS 2009

DECEMBER DEC. 1-9

Seller: Sinclair Meadows Owner LLC
Buyer: David Klebes, Joanna C. Klebes, Snowmass Village
Property: Sinclair Meadows lot 18, condo unit A1
Price: $277,582.14

Seller: Obermeyer Place Sales Group LLC
Buyer: DML Realty LLC, Aspen
Property: Obermeyer Place condo unit 002A, lower level garage
Price: $295,000

Seller: Jerry Southard
Buyer: Lester R. Craft, Stacey H. McLendon Craft, Basalt
Property: Elk Run PUD lot 411, block 4
Price: $660,200

Seller: Sinclair Meadows Owner LLC
Buyer: Gary F. Littel, Amanda Littell
Property: Sinclair Meadows Lot 18, condo unit D3
Price: $282,378.55

Seller: Light Ranch LLLP
Buyer: Veronika W. Miller, Snowmass
Property: Lot 3, section 4-township 9-range 86, part of
Price: $30,000

Seller: Murray Gell-Mann, Murray Gell Mann
Buyer: Purple Magpie LLC, Aspen
Property: Quark condo unit 1
Price: $1,800,000

Seller: Warren Birch LLC, David Birch LLC
Buyer: Bessie LLC, Denver
Property: Aspen Grove lot 10, block 1
Price: $$2,000,000

Seller: Roaring Fork Professional Center LLC
Buyer: David Borchers, Basalt
Property: Riverview Plaza condo unit 101
Price: $427,897


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ACTIVITIES FOR KIDS & FAMILY FUN

ASPEN — Coming to the mountains as a family is nothing short of an adventure. Parents can experience Aspen's bluebird days with stunning mountain vistas while the kids take part in group skiing lessons where they can have fun and spread their wings. The area offers plenty of family-friendly dining and off-mountain activity to keep everyone happy, so jump in and try a little of everything while you’re here.

Ski schools for every age
Enrolling your kids in ski/snowboard lessons should be your first step. Aspen/Snowmass offers group lessons for children ages 7 to 12 years old. Programs for younger kids ages 3 to 6 are available as well, like Powder Pandas at Buttermilk, and Big Burn Bears at Snowmass. Instructors offer children a comfortable environment to learn to ski or snowboard. Call (970) 923-1227. For children who are too little to ski, Snowmass’s Treehouse Kids’ Adventure Center, (970) 923-8733, offers several types of childcare for ages eight weeks to 4 years. Snow Cubs, also at Snowmass, provides individual care and attention in their Colorado state-licensed day care facility. For reservations or more information, call toll free (877) 282-7736 or locally at (970) 923-1227 for details.


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PITKIN COUNTY REAL ESTATE TRANSACTIONS 2009

NOVEMBER
NOV. 1-11

Seller: Base Village Owner LLC
Buyer: Susan Carollo, Snowmass Village
Property: Capitol Peak Lodge condo unit 3115
Price: $156,522.97

Seller: Richard Morton, Helen Morton
Buyer: Michael A. Naidoff, Stephanie W. Naidoff, Philadelphia, Penn.
Property: Section 14-township 10-range 85, SE4NW4
Price: $$4,000,000

Seller: Residences at Little Nell Development LLC
Buyer: Gary R. Peterson, Houston, Texas
Property: Residences at The Little Nell, condo unit F203, one-eighth interest
Price: $1,250,000

Seller: MCF 2008 Trust
Buyer: Elaine Crowley, Aspen
Property: Hunter Creek condo unit 1124, building 1100, phase III
Price: $765,000

Seller: Elaine Crowley
Buyer: MCF 2008 Trust, Jupiter, Fla
Property: Hunter Creek condo unit 1030, building 1000, phase III
Price: $1,000,000

Seller: City of Aspen
Buyer: Adam W. Loudon, Aspen
Property: Aspen Water Treatment Plant and Affordable Housing, lot 17
Price: $82,000

Seller: Gerald Nelson Pharris Trust, Lynn Terese Koleto Pharris Trust
Buyer: Gerard J. Wyrsch, Martha B. Wyrsch, Portland, Ore
Property: Country Club Townhomes condo unit 92, phase IV, cluster IV
Price: $2,750,000


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SHORT SALES & BEWARE OF THE IMPLICATIONS

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Short sale (real estate) A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan.

It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the current debtor. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrower.

•  Process
•  Additional parties
•  Consent
•  Credit implications
•  Business
•  See also
•  References
•  External links


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