Old Snowmass Real Estate

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Listed at $499,000.00
Location: Old Snowmass
Type: Single Family Residence
MLS: 183021
Bedrooms: 3
Bathrooms: 1
Sq Ft: 1178
Acres: 0.19
Built in 1972

Lazy Glen Home + Land-Affordable housing for locals and great location only about 15 minutes to Aspen! This 1,178sf home consists of a 14x67, 1972 mobile home plus a +/-8x30 addition which consists of a large entry room with a spacious coat closet, storage room and a bedroom, a total of 3 bedrooms, 1 bathroom home sits on a 8,182 sf fenced lot-one of larger lots in Lazy Glen. Smaller mobile home bedroom is non-conforming because it does not have a closet-it was removed but 2 free standing wardrobe storage cabinets will stay. and window is too small for egress, as well as, the addition bedroom window. Open concept floor plan. Upgrades include all new kitchen cabinets and kitchen counter tops, remodeled bathroom, new stove, new refrigerator, new dishwasher, new dryer and newer roof and newer exterior siding. Home also has a wood burning stove. The addition was not built by the seller, they bought it that way in 1996. Exterior is complete with fenced yard and +/- 8'x8' wood shed with an over hang for fire wood storage, 13'x20'x12'(Garage-in-a-box) plus standard Lazy Glen shed-lots of storage. Located on a cul-de-sac. RFTA bus service. Dogs allowed. Survey completed in 2023.HOA Dues $325/mo. includes $150/mo for Capital Reserve Assessment for replacement of a new sewage plant and $175/mo for HOA dues. Property is NOT in a flood zone. Close to Basalt and only about 25 minutes from Aspen. Deed Restricted to Resident Occupied (RO) by Aspen Pitkin County Housing Authority (APCHA). Buyer must work a min. of 1500/hrs/yr. in the Roaring Fork Valley(Aspen to Glenwood). Must be owner occupied. There is no sale price restriction. Lazy Glen HOA doc's-www.apcha.org. See Information Sheet under Documents for details about home. FAR: 35% of lot size 8,182sf is 2,863.7sf. Variances can be granted on a case-by-case basis for a larger home. FAR shall not be less that 728sf and not exceed 2,200sf. Basements: Are not allowed because of high water table. Aspen Pitkin County Housing Authority (APCHA) requires that all buyers take a Home Buyer Education Course offered online or in person. Call them at 970.920.5050 | Email- apcha.org. ELECTRIC BILL: Holy Cross Electric- High bill -$90 & Low bill - $31. NATURAL GAS Black Hills Energy - High bill - $105 - Low bill $52. Buyer uses the wood burning stove a lot in the winter. New sewer system to be completed in 2024. Total cost was $4,500,000. The monthly Capital Improvement fee of $150/mo pays for the loan. Paid for with a Grant from USDA for $2,300,000 or $2,500,000. HOA has already paid $300,000 and there will be a loan for the remainder for 40 yrs. at +/- 1.3% interest rate. The current lagoon will be filled in after that. They still have not decided what to do with the filled-in lagoon but it may be a park. Note: Mobile home title has been purged. The mobile home is not HUD approved because it was built in 1972. In order to be HUD approved, it has to be built in 1976 or newer. Financing is very limited because it is a pre-HUD mobile home. Financing-ANB Glenwood, Brackett Pollard, with 10% to 25% down payment, a 5/1 ARM or 7/1 ARM, 30 year amortization. A fixed rate loan with a 15 year amortization. Or Alpine Bank- Aspen, 5/1 ARM, 20% Down Payment, 30 year amortization. See attached sheet in Documents for more information on financing. Note: Seller used Consumer Cellular for their cell phone and it didn't work very well so they put a booster on the exterior front of the house for better service which will stay. Verizon works the best. Seller has insurance with Foremost-800-237-2060. These are the other top insurance companies for mobile homes: American Banker's-866-884-6167 and American Modern-800-237-2060.