4 Aspen Vlg · Snowmass Village, CO 81611

$475,000

3 bd · 1.0 ba · 896 sqft · Other · 260 Days on market

Built 1972 3,258 sqft lot $530/sqft · 18% below area Est $580k · 18% under $33/mo HOA

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Why this score? — see what drove the A grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Aspen Village Home + Land! Affordable housing for locals and great location only about 15 minutes to Aspen. This 3 bedroom, 1 bath, 1972 (pre-HUD) 14x64 Ritzcraft mobile home offers 896 sf of living space on a 3,258 sf lot with a Floor Area Ratio (FAR) of 1,140sf. Mobile Home title has been purged. Featuring open concept living with access to Aspen Village amenities including a community pool, playground, clubhouse, gym and a storage area for boats, etc.! The neighborhood is served by its own Metro District, with property taxes covering water, sewer, trash pickup, road and common area maintenance, snow removal, and management. * Conveniently located within the Aspen School District and on the RFTA bus route, this property provides easy access to Aspen, Snowmass Village, and Basalt. * Property is Deed Restricted to Resident Occupied (RO) by Aspen Pitkin County Housing Authority (APCHA). Buyer must work a min. of 1500 hours/yr. in the Roaring Fork Valley (Aspen to Glenwood). Must be owner occupied. Must be a resident for a minimum of 1 year in the Roaring Fork Valley prior to purchase. *Aspen Pitkin County Housing Authority (APCHA) requires that all buyers take a Home Buyer Education Course offered online or in person. Website-www. apcha.org. Cannot own any improved property from Aspen to Rifle. There is no sale price restriction. No rentals are allowed-primary residence only. Dogs not allowed but service dogs are allowed showing supporting paperwork * Upgrades include: New stove (2025). New furnace (2025). Removed all ceilings and installed 3 ½'' insulation and installed vents on either end of mobile home and added drywall on all ceilings and finished (2010). Replaced are interior doors with solid wood 3 or 6 panel doors (2005). Installed wood profile trim around all interior windows (2005). New wood baseboard throughout-2005. Leveled carport (2022). Added cabinet door screening to living room and bathroom cabinets (1/4'' metal fabric). Added ceramic tile back splash in bathroom (2010). Added bi-fold closet doors in bedrooms (2015). New toilet (2022). Replaced kitchen countertops with Formica-2023. Replaced all 1 ½'' drains with 2'' drains (2020) * Exterior is complete with partially fenced yard + /- 8'2''x7'6'' wood shed, a +/- 9'3''x9'7'' wood shed and a +/- 3'10''x7'8'' trash receptacle enclosure.*HOA Dues $400/year. Aspen Village HOA doc's- www.aspenvillage.info/hoa-documents. See Information Sheet under Documents for details about home. * $400/year for HOA dues is for management and enforcement of Architectural Control Committe (ACC.) * ELECTRIC BILL: Holy Cross Electric- High bill -$95. NATURAL GAS Black Hills Energy - High bill - $42. Note: Mobile home title has been purged. *The mobile home is not HUD approved. In order to be HUD approved, the home has to be built June 15, 1976 or newer. *Financing is limited because home is a pre-HUD mobile home. Financing-Revolution Mortgage-Ryan Beckman-5% down payment, 30-year fixed rate mortgage; ANB Glenwood- Brackett Pollard, with 10% to 25% down payment, a 5/1 ARM, 30-year amortization. A fixed rate loan with a 15-year amortization. Or Alpine Bank-Aspen-Peter Smith, 5/1 ARM, 20% Down Payment, 30-year amortization. See attached sheet in Documents for more information on financing * Don't miss this opportunity to make Aspen Village your home!

Key facts

• Open concept living
• Clubhouse
• Community pool

Tags

• OPEN CONCEPT LIVING
• COMMUNITY POOL
• PLAYGROUND
• CLUBHOUSE
• GYM
• STORAGE AREA FOR BOATS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $475k.

Deal economics

• At list price, monthly cash flow is $4k ($46k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $475k).
• Recommended offer: $418k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#177 in CO) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: commute D, amenities F, cost of living F.
• Aspen School District No. 1 In The County Of Pitkin And Sta (rural): math 36% / reading 56% proficiency, ranked #18 of 86 in CO (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 4% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+22.1%/yr); 324 active listings in the ZIP; solid renter incomes; 145 units permitted in Pitkin County in 2024 (89 in 5+ unit buildings).
• At $8,607/mo this rent would consume 125% of the median local household income ($83k/yr) (locally 566% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $51k of equity ($3k loan paydown + $48k appreciation (10.0% local appreciation)).
• Pitkin County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 8.0% rent growth), your $133k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$82k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 260 days — a 12% lower offer ($418k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $175k; list at $475k implies a 171% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $418,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 260 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.81% ✓
• Cap rate: 15.92%
• Cash-on-cash: 34.38%
• DSCR: 2.53
• GRM: 4.6

CMA / ARV

• ARV (median comp): $580,245
• List price: $475,000
• Delta: -18.14%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 53.8%
• Equity multiple: 5.11×
• Total profit: $546,802
• Equity at exit: $427,918

10-year hold

• IRR: 49.4%
• Equity multiple: 12.52×
• Total profit: $1,531,992
• Equity at exit: $922,821

Cash invested: $133,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 38 Tenant-Leaning
• State Colorado: 38 Tenant-Leaning · D+4
• County: — inherits STATE
• City: — inherits STATE

2023 reforms: 10-day cure, mandated notice, source-of-income protected. Courts backlogged in Denver.

Methodology + full state rankings →

ZIP-level market 81611

• Home prices YoY: 3.6%
• Rents YoY: 22.1%
• Active inventory: 324
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $8,607 medium
• Mortgage (P&I): −$2,491
• Tax from tax record: −$267 /mo · $3,209/yr
• Insurance: −$198
• HOA: −$33
• Vacancy / Maint / Mgmt: −$1,807
• Net cashflow: $3,810

Break-even live

Break-even rent $3,784

Max offer price $475,000

Occupancy floor 51%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $118,750
• Closing costs: $14,250
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $33 · $396/yr
• Likely covers: watersewertrashgaselectricsnow removalpoolgym

Listing history 18 events

1. 2026-06-19
   days on market $475,000 Active 260 DOM
2. 2026-06-18
   days on market $475,000 Active 259 DOM
3. 2026-06-17
   days on market $475,000 Active 258 DOM
4. 2026-06-16
   days on market $475,000 Active 257 DOM
5. 2026-06-15
   days on market $475,000 Active 256 DOM
6. 2026-06-14
   days on market $475,000 Active 254 DOM
7. 2026-06-12
   days on market $475,000 Active 253 DOM
8. 2026-06-09
   days on market $475,000 Active 250 DOM
9. 2026-06-08
   days on market $475,000 Active 249 DOM
10. 2026-06-07
    days on market $475,000 Active 248 DOM
11. 2026-06-05
    days on market $475,000 Active 245 DOM
12. 2026-06-02
    days on market $475,000 Active 243 DOM
13. 2026-06-01
    days on market $475,000 Active 242 DOM
14. 2026-05-31
    days on market $475,000 Active 241 DOM
15. 2026-05-30
    days on market $475,000 Active 240 DOM
16. 2026-04-10
    price $475,000 3364-char remark

    Show marketing remark (3364 chars)

    Aspen Village Home + Land! Affordable housing for locals and great location only about 15 minutes to Aspen. This 3 bedroom, 1 bath, 1972 (pre-HUD) 14x64 Ritzcraft mobile home offers 896 sf of living space on a 3,258 sf lot with a Floor Area Ratio (FAR) of 1,140sf. Mobile Home title has been purged. Featuring open concept living with access to Aspen Village amenities including a community pool, playground, clubhouse, gym and a storage area for boats, etc.! The neighborhood is served by its own Metro District, with property taxes covering water, sewer, trash pickup, road and common area maintenance, snow removal, and management. * Conveniently located within the Aspen School District and on the RFTA bus route, this property provides easy access to Aspen, Snowmass Village, and Basalt. * Property is Deed Restricted to Resident Occupied (RO) by Aspen Pitkin County Housing Authority (APCHA). Buyer must work a min. of 1500 hours/yr. in the Roaring Fork Valley (Aspen to Glenwood). Must be owner occupied. Must be a resident for a minimum of 1 year in the Roaring Fork Valley prior to purchase. *Aspen Pitkin County Housing Authority (APCHA) requires that all buyers take a Home Buyer Education Course offered online or in person. Website-www. apcha.org. Cannot own any improved property from Aspen to Rifle. There is no sale price restriction. No rentals are allowed-primary residence only. Dogs not allowed but service dogs are allowed showing supporting paperwork * Upgrades include: New stove (2025). New furnace (2025). Removed all ceilings and installed 3 ½'' insulation and installed vents on either end of mobile home and added drywall on all ceilings and finished (2010). Replaced are interior doors with solid wood 3 or 6 panel doors (2005). Installed wood profile trim around all interior windows (2005). New wood baseboard throughout-2005. Leveled carport (2022). Added cabinet door screening to living room and bathroom cabinets (1/4'' metal fabric). Added ceramic tile back splash in bathroom (2010). Added bi-fold closet doors in bedrooms (2015). New toilet (2022). Replaced kitchen countertops with Formica-2023. Replaced all 1 ½'' drains with 2'' drains (2020) * Exterior is complete with partially fenced yard + /- 8'2''x7'6'' wood shed, a +/- 9'3''x9'7'' wood shed and a +/- 3'10''x7'8'' trash receptacle enclosure.*HOA Dues $400/year. Aspen Village HOA doc's- www.aspenvillage.info/hoa-documents. See Information Sheet under Documents for details about home. * $400/year for HOA dues is for management and enforcement of Architectural Control Committe (ACC.) * ELECTRIC BILL: Holy Cross Electric- High bill -$95. NATURAL GAS Black Hills Energy - High bill - $42. Note: Mobile home title has been purged. *The mobile home is not HUD approved. In order to be HUD approved, the home has to be built June 15, 1976 or newer. *Financing is limited because home is a pre-HUD mobile home. Financing-Revolution Mortgage-Ryan Beckman-5% down payment, 30-year fixed rate mortgage; ANB Glenwood- Brackett Pollard, with 10% to 25% down payment, a 5/1 ARM, 30-year amortization. A fixed rate loan with a 15-year amortization. Or Alpine Bank-Aspen-Peter Smith, 5/1 ARM, 20% Down Payment, 30-year amortization. See attached sheet in Documents for more information on financing * Don't miss this opportunity to make Aspen Village your home!

17. 2025-09-14
    listed $500,000 Active 3364-char remark

    Show marketing remark (3364 chars)

    Aspen Village Home + Land! Affordable housing for locals and great location only about 15 minutes to Aspen. This 3 bedroom, 1 bath, 1972 (pre-HUD) 14x64 Ritzcraft mobile home offers 896 sf of living space on a 3,258 sf lot with a Floor Area Ratio (FAR) of 1,140sf. Mobile Home title has been purged. Featuring open concept living with access to Aspen Village amenities including a community pool, playground, clubhouse, gym and a storage area for boats, etc.! The neighborhood is served by its own Metro District, with property taxes covering water, sewer, trash pickup, road and common area maintenance, snow removal, and management. * Conveniently located within the Aspen School District and on the RFTA bus route, this property provides easy access to Aspen, Snowmass Village, and Basalt. * Property is Deed Restricted to Resident Occupied (RO) by Aspen Pitkin County Housing Authority (APCHA). Buyer must work a min. of 1500 hours/yr. in the Roaring Fork Valley (Aspen to Glenwood). Must be owner occupied. Must be a resident for a minimum of 1 year in the Roaring Fork Valley prior to purchase. *Aspen Pitkin County Housing Authority (APCHA) requires that all buyers take a Home Buyer Education Course offered online or in person. Website-www. apcha.org. Cannot own any improved property from Aspen to Rifle. There is no sale price restriction. No rentals are allowed-primary residence only. Dogs not allowed but service dogs are allowed showing supporting paperwork * Upgrades include: New stove (2025). New furnace (2025). Removed all ceilings and installed 3 ½'' insulation and installed vents on either end of mobile home and added drywall on all ceilings and finished (2010). Replaced are interior doors with solid wood 3 or 6 panel doors (2005). Installed wood profile trim around all interior windows (2005). New wood baseboard throughout-2005. Leveled carport (2022). Added cabinet door screening to living room and bathroom cabinets (1/4'' metal fabric). Added ceramic tile back splash in bathroom (2010). Added bi-fold closet doors in bedrooms (2015). New toilet (2022). Replaced kitchen countertops with Formica-2023. Replaced all 1 ½'' drains with 2'' drains (2020) * Exterior is complete with partially fenced yard + /- 8'2''x7'6'' wood shed, a +/- 9'3''x9'7'' wood shed and a +/- 3'10''x7'8'' trash receptacle enclosure.*HOA Dues $400/year. Aspen Village HOA doc's- www.aspenvillage.info/hoa-documents. See Information Sheet under Documents for details about home. * $400/year for HOA dues is for management and enforcement of Architectural Control Committe (ACC.) * ELECTRIC BILL: Holy Cross Electric- High bill -$95. NATURAL GAS Black Hills Energy - High bill - $42. Note: Mobile home title has been purged. *The mobile home is not HUD approved. In order to be HUD approved, the home has to be built June 15, 1976 or newer. *Financing is limited because home is a pre-HUD mobile home. Financing-Revolution Mortgage-Ryan Beckman-5% down payment, 30-year fixed rate mortgage; ANB Glenwood- Brackett Pollard, with 10% to 25% down payment, a 5/1 ARM, 30-year amortization. A fixed rate loan with a 15-year amortization. Or Alpine Bank-Aspen-Peter Smith, 5/1 ARM, 20% Down Payment, 30-year amortization. See attached sheet in Documents for more information on financing * Don't miss this opportunity to make Aspen Village your home!

18. 2003-04-03
    soldstatus $175,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CO · Resets to sale price

• Current annual tax: $3,209 · $267/mo
• Projected year-2 tax: $3,209 · $267/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 2/10 Low 10 d/yr ≥84°F today · 26 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $103,282
• − Mortgage interest: −$26,607
• − Property taxes: −$3,209
• − Insurance: −$2,375
• − Repairs & maintenance: −$8,263
• − Management: −$8,263
• − HOA: −$396
• − Depreciation: −$13,818
• Taxable income: $40,352
• Est. tax owed @ 24.0%: −$9,684
• After-tax cash flow: $36,037/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Aspen School District No. 1 In The County Of Pitkin And Sta
• NCES district ID: 0802280
• Math proficiency: 36% ▼ -5.00%
• Reading proficiency: 56% ▼ -3.00%
• Median HH income: $66,694
• Composite: 40.98/100
• National rank: #3595
• State rank: #18 of 86 in CO

Livability — Snowmass Village

• Score: 64/100
• State rank: #177
• US rank: #14460

Category grades

Amenities F Commute D Cost of living F Crime A+ Employment A+ Housing F Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pitkin County · 9,068 people
• City population: 3,048
• Metro: Glenwood Springs, CO
• Population (ZIP): 9,068
• Household income: $82,664
• Rent vs Own: 41.4% rent · 58.6% own
• Severe rent burden: 566.0

Population outlook (Pitkin County) Hauer SSP2

• Today (2025): 20,121 people
• By 2030: 21,110 · +4.9%
• By 2040: 22,707 · +12.9%
• By 2050: 24,105 · +19.8%
• By 2075: 27,933 · +38.8%
• By 2100: 30,018 · +49.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Salvadoran 4%
• Common ancestry: Slovak 3% Iranian 3% Romanian 3%
• Foreign-born: 15% · Canada, Dominican Republic, China
• Languages at home: 82% English-only · Spanish 9% Other Indo-European 2% Chinese 2%

Political lean MEDSL · Pitkin

• 2024 margin: Solid D (+44.2) · D 71.0% · R 26.8% · Other 2.2%
• 2008→2024 swing: -4.6pp toward R · 2008: 48.8pp · 2024: 44.2pp
• All cycles: 2024: D+44.2 2020: D+51.9 2016: D+45.4 2012: D+37.9 2008: D+48.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 12.97%
• Current HPI: 370.9593
• Rent YoY: ▲ 22.07%
• Metro: Glenwood Springs, CO
• State GDP YoY: ▲ 1.95%
• F500 in state: 14

Industry mix (Fortune 500 HQ in CO)

Industry	F500 HQs	Revenue
▸Technology Distribution	1	$31B
▸Food / Agriculture	1	$18B
▸Packaging	1	$14B
▸Healthcare	1	$13B
▸Energy	1	$10B
▸Technology	1	$4B

Price history

+171.4% since first listed

3 events — show timeline

• 2026-04-10 Price Changed $475,000 AGMLS
• 2025-09-14 Listed $500,000 AGMLS
• 2003-04-03 Sold (Public Records) $175,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $3,209 · +38.4% YoY. Source: county tax records.