415 E Dean St., Unit 38, Week 33 · Aspen, CO 81611

$190,000

3 bd · 3.0 ba · 2,137 sqft · Timeshare · 11 Days on market

Built 2005 $1016/mo HOA · 11% of rent

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Why this score? — see what drove the C 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 +15.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

2024 renovations completed (including new decor, furniture, lighting, paint and carpets). The Aspen Mountain Residences is nestled at the base of the mountain between the St. Regis and Little Nell properties. Bars, restaurants, shopping and nightlife are literally a few steps from The Aspen. The multitude of amenities and services include daily maid service, concierge, valet, heated outdoor pool along with 2 hot tubs, gym, fire pit, ski shop, e-bikes for owners use and daily breakfast service. Luxury three bedroom condominium located on third floor facing west. Features separate decks off each room with views of Aspen Mountain. Enjoy prime summer-time week 30 every year together with additional float time. 2026 dates: Fixed Week: Sat, July 25 to Sat. August 1. 2027 dates: Fixed Week: Sat, July 24 to Sat, July 31. Float Week: Sat, October 9 to Sat, October 16. 1/20th interest - includes fixed week and float week every year and additional float week every other year.

Key facts

• Two hot tubs
• Heated outdoor pool
• 2024 renovations

Tags

• 2024 RENOVATIONS
• ASPEN MOUNTAIN RESIDENCES
• VIEWS OVERLOOKING THE POOL
• LARGE LOCK-OFF BEDROOM
• HEATED OUTDOOR POOL
• TWO HOT TUBS

Property features AI

Finance

• Other: Located in G.A. resort condos (The Aspen Mountain Residences); Directions: Downtown Aspen at the corner of Dean and Mill Street
• HOA & community: Association with on-site management and front desk; Locker ski storage; Annual association fee; Association fee includes contingency fund, insurance, management, sewer, unit heat, water, trash, snow removal, cable TV

Exterior

• Parking: Common parking; Has garage; Has carport
• Home design: Condominium
• Exterior features: Faces northwest; Not new construction

Interior

• Kitchen: Dishwasher; Oven; Range; Microwave; Refrigerator; Freezer
• Bathrooms: 3 full bathrooms
• Heating & cooling: Forced air heating; Central cooling
• Interior features: Gas fireplace; Excellent property condition
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath timeshare listed at $190k.

Deal economics

• At list price, monthly cash flow is $5k ($57k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $190k).

Location & tenants

• Location reads 66/100 on livability (#142 in CO) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, schools B+; Watch: amenities F, cost of living F, health & safety 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 $9,007/mo this rent would consume 131% 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 $20k of equity ($1k loan paydown + $19k 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 $53k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 23 sale attempts since 5y ago; this cycle's ask has dropped $260k (58%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $190,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 4.74% ✓
• Cap rate: 36.53%
• Cash-on-cash: 107.97%
• DSCR: 5.80
• GRM: 1.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 9.58×
• Total profit: $456,716
• Equity at exit: $171,167

10-year hold

• IRR: —
• Equity multiple: 24.02×
• Total profit: $1,224,641
• Equity at exit: $369,128

Cash invested: $53,200 (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: 1.8×

Monthly cashflow live

• Estimated rent: $9,007 medium
• Mortgage (P&I): −$996
• Tax est. 1.5%: −$238 /mo · $2,850/yr
• Insurance: −$79
• HOA: −$1,016
• Vacancy / Maint / Mgmt: −$1,892
• Net cashflow: $4,787

Break-even live

Break-even rent $2,948

Max offer price $190,000

Occupancy floor 42%

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $1,016 · $12,192/yr
• Likely covers: poolgymdoorman

Listing history 50 events

1. 2026-06-19
   days on market $190,000 Active 11 DOM
2. 2026-06-18
   days on market $190,000 Active 10 DOM
3. 2026-06-17
   days on market $190,000 Active 9 DOM
4. 2026-06-16
   days on market $190,000 Active 8 DOM
5. 2026-06-15
   days on market $190,000 Active 7 DOM
6. 2026-06-14
   days on market $190,000 Active 5 DOM
7. 2026-06-12
   days on market $190,000 Active 4 DOM
8. 2026-06-09
   remarks 699-char remark
9. 2026-06-09
   pricedays on marketlisting id $190,000 Active 1 DOM
10. 2026-06-08
    days on market $450,000 Active 83 DOM
11. 2026-06-07
    days on market $450,000 Active 82 DOM
12. 2026-06-05
    days on market $450,000 Active 79 DOM
13. 2026-06-02
    days on market $450,000 Active 77 DOM
14. 2026-06-01
    days on market $450,000 Active 76 DOM
15. 2026-05-31
    days on market $450,000 Active 75 DOM
16. 2026-05-30
    days on market $450,000 Active 74 DOM
17. 2026-05-13
    soldstatus $192,000 Closed 986-char remark

    Show marketing remark (986 chars)

    2024 renovations completed (including new decor, furniture, lighting, paint and carpets). The Aspen Mountain Residences is nestled at the base of the mountain between the St. Regis and Little Nell properties. Bars, restaurants, shopping and nightlife are literally a few steps from The Aspen. The multitude of amenities and services include daily maid service, concierge, valet, heated outdoor pool along with 2 hot tubs, gym, fire pit, ski shop, e-bikes for owners use and daily breakfast service. Luxury three bedroom condominium located on third floor facing west. Features separate decks off each room with views of Aspen Mountain. Enjoy prime summer-time week 30 every year together with additional float time. 2026 dates: Fixed Week: Sat, July 25 to Sat. August 1. 2027 dates: Fixed Week: Sat, July 24 to Sat, July 31. Float Week: Sat, October 9 to Sat, October 16. 1/20th interest - includes fixed week and float week every year and additional float week every other year.

18. 2026-04-13
    status Pending 986-char remark

    Show marketing remark (986 chars)

    2024 renovations completed (including new decor, furniture, lighting, paint and carpets). The Aspen Mountain Residences is nestled at the base of the mountain between the St. Regis and Little Nell properties. Bars, restaurants, shopping and nightlife are literally a few steps from The Aspen. The multitude of amenities and services include daily maid service, concierge, valet, heated outdoor pool along with 2 hot tubs, gym, fire pit, ski shop, e-bikes for owners use and daily breakfast service. Luxury three bedroom condominium located on third floor facing west. Features separate decks off each room with views of Aspen Mountain. Enjoy prime summer-time week 30 every year together with additional float time. 2026 dates: Fixed Week: Sat, July 25 to Sat. August 1. 2027 dates: Fixed Week: Sat, July 24 to Sat, July 31. Float Week: Sat, October 9 to Sat, October 16. 1/20th interest - includes fixed week and float week every year and additional float week every other year.

19. 2026-03-17
    listed $450,000 Active 991-char remark

    Show marketing remark (991 chars)

    2024 renovations completed (including new decor, furniture, lighting, paint and carpets). The Aspen Mountain Residences is nestled at the base of the mountain between the St. Regis and Little Nell properties. Bars, restaurants, shopping and nightlife are literally a few steps from The Aspen. The multitude of amenities and services include daily maid service, concierge, valet, heated outdoor pool along with 2 hot tubs, gym, fire pit, ski shop, e-bikes for owners use and daily breakfast service. Unit 36 is a 3rd-floor luxury 3-bedroom 3-bathroom residence with views overlooking the pool to Shadow Mountain. Enjoy consecutive March Ski Weeks 11 & 12 every year together with additional float time. 2026 remaining Float Dates: Sun, October 17 to Sun, October 24. 2027 Fixed Dates: Sun, March 13 to Sun, March 27. Float Dates: Sun, March 27 to Sun, April 3. Sun, November 20 to Sun, November 27. 2/20th interest - includes 2 fixed weeks and approx 3 float weeks every year.

20. 2026-02-19
    listed $400,000 Active
21. 2026-01-26
    listed $180,000 Active
22. 2026-01-23
    listed $215,000 Active 986-char remark

    Show marketing remark (986 chars)

    2024 renovations completed (including new decor, furniture, lighting, paint and carpets). The Aspen Mountain Residences is nestled at the base of the mountain between the St. Regis and Little Nell properties. Bars, restaurants, shopping and nightlife are literally a few steps from The Aspen. The multitude of amenities and services include daily maid service, concierge, valet, heated outdoor pool along with 2 hot tubs, gym, fire pit, ski shop, e-bikes for owners use and daily breakfast service. Luxury three bedroom condominium located on third floor facing west. Features separate decks off each room with views of Aspen Mountain. Enjoy prime summer-time week 30 every year together with additional float time. 2026 dates: Fixed Week: Sat, July 25 to Sat. August 1. 2027 dates: Fixed Week: Sat, July 24 to Sat, July 31. Float Week: Sat, October 9 to Sat, October 16. 1/20th interest - includes fixed week and float week every year and additional float week every other year.

23. 2025-12-31
    listed $175,000 Active
24. 2025-11-12
    soldstatus $220,000 Closed
25. 2025-11-06
    soldstatus $185,000 Closed
26. 2025-10-06
    status Pending
27. 2025-10-03
    status Pending
28. 2025-09-25
    soldstatus $150,000
29. 2025-07-11
    listed $199,500 Active
30. 2025-02-10
    listed $240,000 Active
31. 2024-08-29
    soldstatus $185,000 Closed
32. 2024-08-20
    soldstatus $80,000 Closed
33. 2024-08-15
    listed $150,000
34. 2024-07-25
    status Pending
35. 2024-07-23
    status Pending
36. 2024-07-23
    soldstatus $135,000 Closed
37. 2024-07-19
    soldstatus $150,000 Closed
38. 2024-07-12
    price $89,500
39. 2024-07-05
    status Pending
40. 2024-06-19
    status Pending
41. 2024-06-05
    price $175,000
42. 2024-04-04
    soldstatus $28,000 Closed
43. 2024-04-03
    listed $99,500 Active
44. 2024-03-26
    listed $195,000 Active
45. 2024-03-18
    soldstatus $390,000
46. 2024-03-15
    status Pending
47. 2024-02-26
    listed $145,000 Active
48. 2024-02-15
    listed $195,000 Active
49. 2023-12-07
    listed $41,000 Active
50. 2023-09-08
    soldstatus $189,000 Closed

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 1/10 Low 9 d/yr ≥76°F today · 24 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $108,089
• − Mortgage interest: −$10,643
• − Property taxes: −$2,850
• − Insurance: −$950
• − Repairs & maintenance: −$8,647
• − Management: −$8,647
• − HOA: −$12,192
• − Depreciation: −$5,527
• Taxable income: $58,632
• Est. tax owed @ 24.0%: −$14,072
• After-tax cash flow: $43,370/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 — Aspen

• Score: 66/100
• State rank: #142
• US rank: #11780

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Aspen, CO
• County: Pitkin County · 9,068 people
• City population: 9,068
• 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

+79.8% since first listed

88 events — show timeline

• 2026-05-13 Sold (MLS) $192,000 AGMLS
• 2026-04-13 Pending — AGMLS
• 2026-03-17 Listed $450,000 AGMLS
• 2026-02-19 Listed $400,000 AGMLS
• 2026-01-26 Listed $180,000 AGMLS
• 2026-01-23 Listed $215,000 AGMLS
• 2025-12-31 Listed $175,000 AGMLS
• 2025-11-12 Sold (MLS) $220,000 AGMLS
• 2025-11-06 Sold (MLS) $185,000 AGMLS
• 2025-10-06 Pending — AGMLS
• 2025-10-03 Pending — AGMLS
• 2025-09-25 Sold (MLS) $150,000 AGMLS
• 2025-07-11 Listed $199,500 AGMLS
• 2025-02-10 Listed $240,000 AGMLS
• 2024-08-29 Sold (MLS) $185,000 AGMLS
• 2024-08-20 Sold (MLS) $80,000 AGMLS
• 2024-08-15 Listed $150,000 AGMLS
• 2024-07-25 Pending — AGMLS
• 2024-07-23 Pending — AGMLS
• 2024-07-23 Sold (MLS) $135,000 AGMLS
• 2024-07-19 Sold (MLS) $150,000 AGMLS
• 2024-07-12 Price Changed $89,500 AGMLS
• 2024-07-05 Pending — AGMLS
• 2024-06-19 Pending — AGMLS
• 2024-06-05 Price Changed $175,000 AGMLS
• 2024-04-04 Sold (MLS) $28,000 AGMLS
• 2024-04-03 Listed $99,500 AGMLS
• 2024-03-26 Listed $195,000 AGMLS
• 2024-03-18 Sold (MLS) $390,000 AGMLS
• 2024-03-15 Pending — AGMLS
• 2024-02-26 Listed $145,000 AGMLS
• 2024-02-15 Listed $195,000 AGMLS
• 2023-12-07 Listed $41,000 AGMLS
• 2023-09-08 Sold (MLS) $189,000 AGMLS
• 2023-08-28 Sold (MLS) $129,000 AGMLS
• 2023-08-19 Pending — AGMLS
• 2023-08-04 Pending — AGMLS
• 2023-07-19 Listed $199,000 AGMLS
• 2023-05-08 Listed $139,900 AGMLS
• 2023-02-26 Listed $414,000 AGMLS
• 2022-09-12 Sold (MLS) $137,000 AGMLS
• 2022-08-30 Pending — AGMLS
• 2022-08-29 Listed $144,900 AGMLS
• 2022-08-15 Sold (MLS) $615,000 AGMLS
• 2022-07-02 Pending — AGMLS
• 2022-05-20 Listed $649,500 AGMLS
• 2022-05-02 Sold (MLS) $145,000 AGMLS
• 2022-05-02 Sold (MLS) $160,000 AGMLS
• 2022-04-29 Sold (MLS) $140,000 AGMLS
• 2022-04-02 Pending — AGMLS
• 2022-04-02 Pending — AGMLS
• 2022-04-01 Pending — AGMLS
• 2022-03-30 Sold (MLS) $745,000 AGMLS
• 2022-03-01 Pending — AGMLS
• 2022-02-23 Listed $745,000 AGMLS
• 2022-02-11 Sold (MLS) $79,900 AGMLS
• 2022-01-12 Pending — AGMLS
• 2021-11-18 Listed $159,500 AGMLS
• 2021-11-18 Listed $147,500 AGMLS
• 2021-11-18 Listed $79,900 AGMLS
• 2021-11-18 Listed $149,000 AGMLS
• 2021-11-17 Sold (MLS) $125,000 AGMLS
• 2021-11-08 Sold (MLS) $140,000 AGMLS
• 2021-10-26 Sold (MLS) $125,000 AGMLS
• 2021-10-15 Sold (MLS) $140,000 AGMLS
• 2021-10-01 Sold (MLS) $90,000 AGMLS
• 2021-09-23 Sold (MLS) $90,000 AGMLS
• 2021-09-17 Sold (MLS) $85,000 AGMLS
• 2021-09-07 Sold (MLS) $95,000 AGMLS
• 2021-09-07 Sold (MLS) $110,000 AGMLS
• 2021-04-19 Sold (MLS) $80,000 AGMLS
• 2021-04-19 Sold (MLS) $80,000 AGMLS
• 2020-11-09 Sold (MLS) $82,250 AGMLS
• 2020-10-05 Sold (MLS) $132,500 AGMLS
• 2019-09-09 Sold (MLS) $75,000 AGMLS
• 2018-10-01 Sold (MLS) $110,000 AGMLS
• 2017-03-13 Sold (MLS) $80,000 AGMLS
• 2017-03-13 Sold (MLS) $80,000 AGMLS
• 2016-08-10 Sold (MLS) $154,000 AGMLS
• 2015-08-19 Sold (MLS) $115,000 AGMLS
• 2015-04-30 Sold (MLS) $152,500 AGMLS
• 2015-02-06 Sold (MLS) $600,000 AGMLS
• 2014-10-27 Sold (MLS) $100,000 AGMLS
• 2012-12-20 Sold (MLS) $98,000 AGMLS
• 2012-12-20 Sold (MLS) $140,000 AGMLS
• 2012-12-20 Sold (MLS) $125,000 AGMLS
• 2012-12-20 Sold (MLS) $98,000 AGMLS
• 2012-12-20 Sold (MLS) $106,800 AGMLS