132 Ridge Trl · Snowmass Village, CO 81611

$945,000

3 bd · 2.0 ba · 1,493 sqft · SingleFamily · 12 Days on market

Built 2002 Good condition 5,684 sqft lot Est $930k · at est. $33/mo HOA

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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 +18.7/30.0
• Appreciation +10.0/10.0
• ARV discount +6.8/15.0
• DSCR +5.9/10.0
• 1% rule +5.0/10.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0

Listing remarks MLS

Located in the Aspen School District, this 2002 built home is located on the rarely available BACK ROW of the subdivision. This 3 bedroom, 2 bath home has an open floor plan with vaulted ceilings and lots of natural light. The kitchen offers abundant cabinet space and a new gas range. There are 3 walk in closets plus a coat closet and laundry room & the high R value means low utility bills. No HOA or water fees; Aspen Village has its own Metro District. There is a clubhouse, gym, pool, playground, community garden and a storage lot. These are just a few reasons why Aspen Village is the smart choice for locals. Located on the bus route and easy access to the Rio Grande Trail via an underpass. RO deed restriction per APCHA, Buyer must work 1500 plus hours a year in the Roaring Fork Valley.

Key facts

• New washer and dryer
• Storage shed
• Pool

Tags

• PRIVATE OUTDOOR SPACE
• NEW KITCHEN APPLIANCES
• NEW WASHER AND DRYER
• STORAGE SHED
• PARKING FOR THREE VEHICLES
• POOL

Property features AI

Finance

• Other: Listing status: Active Under Contract; Directions: Highway 82 to Aspen Village Road, past the gas station to the stop sign next to the Clubhouse. Left on Half Inch, right on Bear Trail, follow around to Ridge Trail. Turn right; go almost to the end and look for sign on the left.
• HOA & community: Has association; Annual association fee of $400 covering contingency fund and management

Exterior

• Parking: Common parking; Has carport
• Utilities: Community water
• Home design: Single family residence; Model: UBC
• Construction: New construction: No
• Exterior features: Faces north; Part of Aspen Village subdivision

Interior

• Kitchen: Stove Top; Range; Oven; Microwave; Dishwasher; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; No cooling
• Interior features: Unfurnished; Excellent condition
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $945k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $938 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $945k).

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 $9,496/mo this rent would consume 138% 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 $101k of equity ($7k loan paydown + $94k 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 $265k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$162k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $470k; list at $945k implies a 101% 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 $945,000

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. 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.
4. 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.
5. 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: 1.00% ✓
• Cap rate: 7.48%
• Cash-on-cash: 4.25%
• DSCR: 1.19
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $930,139
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
132 Ridge Trl	0.00mi	3/2.0	1,493 (0%)	1mo	$930,000	$623	99

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 29.3%
• Equity multiple: 3.36×
• Total profit: $624,761
• Equity at exit: $851,331

10-year hold

• IRR: 27.0%
• Equity multiple: 8.25×
• Total profit: $1,917,485
• Equity at exit: $1,835,927

Cash invested: $264,600 (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: 8.3×

Monthly cashflow live

• Estimated rent: $9,496 medium
• Mortgage (P&I): −$4,956
• Tax est. 1.5%: −$1,181 /mo · $14,175/yr
• Insurance: −$394
• HOA: −$33
• Vacancy / Maint / Mgmt: −$1,994
• Net cashflow: $938

Break-even live

Break-even rent $8,308

Max offer price $945,000

Occupancy floor 85%

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: $236,250
• Closing costs: $28,350
• Reserves months: —
• Total cash needed: —

HOA detail

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

Listing history 3 events

1. 2026-04-29
   status Pending
2. 2026-04-15
   listed $945,000 Active
3. 2019-07-05
   soldstatus $470,000 804-char remark

   Show marketing remark (804 chars)

   Located in the Aspen School District, this 2002 built home is located on the rarely available BACK ROW of the subdivision. This 3 bedroom, 2 bath home has an open floor plan with vaulted ceilings and lots of natural light. The kitchen offers abundant cabinet space and a new gas range. There are 3 walk in closets plus a coat closet and laundry room & the high R value means low utility bills. No HOA or water fees; Aspen Village has its own Metro District. There is a clubhouse, gym, pool, playground, community garden and a storage lot. These are just a few reasons why Aspen Village is the smart choice for locals. Located on the bus route and easy access to the Rio Grande Trail via an underpass. RO deed restriction per APCHA, Buyer must work 1500 plus hours a year in the Roaring Fork Valley.

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 2/10 Low 9 d/yr ≥84°F today · 25 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: $113,950
• − Mortgage interest: −$52,935
• − Property taxes: −$14,175
• − Insurance: −$4,725
• − Repairs & maintenance: −$9,116
• − Management: −$9,116
• − HOA: −$396
• − Depreciation: −$27,491
• Taxable loss: −$4,004
• Est. tax savings @ 24.0%: +$961
• After-tax cash flow: $12,217/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This well-maintained 2002 single-family home in Aspen Village offers a good condition with recent updates and a private outdoor space.

Value-add opportunities

• Both Landscaping and outdoor lighting — Enhances curb appeal and safety
• Both Add a smart home system — Improves convenience and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and outdoor lighting — Enhances curb appeal and safety ↑
• Both Add a smart home system — Improves convenience and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+101.1% since first listed

3 events — show timeline

• 2026-04-29 Pending — AGMLS
• 2026-04-15 Listed $945,000 AGMLS
• 2019-07-05 Sold (MLS) $470,000 AGMLS