The Crestwood I-3309 | Snowmass Village, Colorado

SnowmassSkiCondo.com

The Crestwood, I-3309

What: This top floor, one bedroom + loft property enjoys easy ski access to Assay Hill and to Base Village and the gondola. The condominium, rated Deluxe by management, has been beautifully renovated and recently redecorated in a delightful, contemporary style. Located in a family-friendly development with extensive amenities and excellent management, this is a perfect vacation retreat. Walk, bike or ski to all Snowmass has to offer.

Where: At the base of Woodrun, adjacent to the Funnel trail.

Why: Given this property’s fresh modern décor and high-amenity setting, it is one of the best condominium values in all of Snowmass.

Numbers: $397,500, furnished

This condominium is convenient to the ski concierge, gondola and Assay Hill

BDRMS/BATHS 1 + LOFT/2 BATHS SQ FT 928FIREPLACE 1 GAS AMENITIES SPA, POOL, FRONT DESKVIEWS RIM TRAIL SKI ACCESS FUNNEL TRAIL

Kitchen with breakfast bar, as seen from fireplace

A renovated kitchen features new cabinetry, floors and appliances

Master bedroom

Master bath

Interior Features

• This top-floor property has one bedroom and a bath on the main level, plus a sleeping loft with both a queen and a twin bed, plus a ¾ bath, upstairs. Including the queen sofa bed in the living room, this condominium can sleep seven. A quiet barbecue deck expands the living area year-round.

• The kitchen and both baths have been remodeled and the décor was recently updated in a fun, modern style. Contemporary patterns and a bold color palette make this condominium a joy to return to after a day in the great outdoors.

• After a day of skiing, family and guests will enjoy sitting by the sleek glass-front gas fireplace with a honed concrete hearth. Turn on the big flat screen TV and catch the game to top off a perfect day. The sofa bed provides accommodation for extra guests.

• Glass sliding doors lead out to a quiet deck with views of the Snowmass Rim Trail. Consider it an extension of the living room, with extra chairs and a BBQ grill.

• The open kitchen features dark granite counters, alder cabinets, 12” x 12” tile flooring and recessed lighting. Four bar chairs surround the island with modern pendant lights hanging above. Freshly accessorized with ample storage, the kitchen is fully equipped with GE Profile appliances, including a side-by-side refrigerator, dishwasher, electric range and oven, microwave and corner sink.

• Windows framing the top of the ski area make for a sunny master bedroom which features a queen bed, contemporary furniture pieces, a Toshiba flat-screen TV, and owner’s locked storage. The adjacent bath is highlighted by a honed limestone vanity, new sink fixtures, and an elegantly tiled bath/shower surround.

• In the loft, windows capture views of the gondola and the skiers on Assay Hill. New linen adorns a queen and a twin bed. Guests will enjoy the flat screen TV and the adjacent, mirrored bath with shower. The loft includes a locked storage area and is shuttered from the living room for privacy.

Sleeping loft accommodates 3

The loft has its own bath with shower

Enjoy access to Assay Hill, as well as to the gondola in Base Village from The Crestwood

Exterior Features

• The Crestwood recently completed a $16 million exterior renovation which included all new roofs, all new exterior siding, grotto-style hot tubs (one is just steps from this condominium), new heated swimming pool, exercise room, spa, and a skier concierge facility. All special assessments this renovation required have been paid by seller.

• Enjoy après ski from your balcony and watch the sun set in the west.

• One of the best ski-in/ski-out locations in all of Snowmass. The loading stations for the Elk Camp gondola, the Village Express 6-pack chairlift, as well as the Assay Hill chair, are a very short ski away – The Crestwood staff will even deliver your skis slopeside.

• Two secure ski-lockers, one for owners and one for guests, are available right outside your door, along with a bench for donning ski boots.

Complex Amenities

• The Crestwood offers an owner/guest welcome center with a gracious lobby with fireplace and a fully staffed front desk.

• Your homeowners assessments include all utilities and such extras as wireless internet access, premium cable TV, and free laundry facilities.

• Concierge services at The Crestwood include complimentary shuttle service throughout the Village, as well as to the airport, dinner and event reservations, valet dry cleaning, ski tuning, and advance lift ticket purchasing.

• Parking is available immediately adjacent to the building on snow-melted lots.

Funnel Trail and Elk Camp Gondola as seen from The Crestwood’s ski room

Pool

The Crestwood’s renovation included all new pool, spas and fitness room

One of three spas on The Crestwood grounds

Jan-

17

ANNUAL EXPENSESCondominium Assessments 11/1/2016-10/31/2017 $15,074 1

Property Taxes 2016 1,981Unit Utilities Included in Assessments

Miscellaneous (Includes Inventory, owner hskpg, maintenance, etc.) 1,000 2

TOTAL EXPENSES ($18,055)

RENTAL ACTIVITYGross Income (average of last 3 years, no owner use) $34,402

MONTHLY COMM %

Management Fees $0 45.00% (15,481)

NET INCOME TO APPLY TO EXPENSES $18,921

PRE-TAX CASH FLOW $866

1

2

Note: as a non-profit management company, The Crestwood withholds 50% of rentals, rebating the annual surplus to owners at year-end; above represents actual management fees after rebate.

INCOME/EXPENSE ANALYSISTHE CRESTWOOD I-3309

The following is based on material provided by The Crestwood and associated managemententities. Data is deemed reliable, but is not guaranteed. Further, this information is not aprojection. Actual income and expenses will vary with owner use, weather, economicconditions, unit location and quality, and guest preferences. Prospective buyers areencouraged to seek further informatin from the management company and to review actualstatements for the property. Most sellers will provide copies of actual unit statements toseriously interested buyers.

* * * * * * * * * * * *

* * * * * * * * * * * *Billed quarterlyMiscellaneous expenses represent what is typical, averaging rare or excluding unique one-time costs.

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I

This map/drawing is a graphical representation of the features depicted and is not a legal

representation. The accuracy may change depending on the enlargement or reduction.

Copyright 2015 Pitkin County GIS

The Crestwood0 400200

Feet

Date: 2/5/2015

Structures

\ Ski Lifts

Ski Run

Roads

Water

BaseVillage

The ChamonixSnowmassVillage Mall

The Viceroy

The Enclave

Woodrun Place

The Crestwood

Fanny

HillSki

Trail

FunnelSki

Trail

Adam

sA

venueSki Trail

I-3309

DISCLOSURE: Information herein deemed reliable, but not guaranteed. Due to differences in measurement methods, neither Seller nor Broker can warrant the square footage of any structure or the size of any land being purchased. Broker measurements are for marketing purposes and are not measurements for loan, valuation or any other purpose. If exact square footage is a concern, the property should be independently measured.

Details: Legal Description: Unit 3309; Building I; The Crestwood; Pitkin County, Colorado

Street Address: 0400 Wood Road, I-3309; Snowmass Village, CO 81615

Square Feet (heated living): 928 sq ft, per Crestwood management

Bedrooms/Baths: 1 bedroom + sleeping loft (1 queen/1 twin) and 2 baths

Year Built/Renovated: 1970/2008

Fireplace: 1 gas fireplace in living room

Laundry: Common area room in building

Heating: Gas fireplace (included in HOA assessments) + back-up electric registers in other rooms

Decks/Patios Balcony with BBQ, table and chairs

Parking: Common, snowmelted area adjacent to building

Extras: New contemporary fireplace; redesigned and renovated kitchen; updated baths

Views: Rim Trail

Occupant: Short-term rentals, arranged by The Crestwood

Complex Amenities: Front desk on site with bellmen, resident manager, pool, spa, exercise room, conference facilities, on-slope ski locker and tuning shop; courtesy van service throughout Snowmass and to airport

Property Taxes: $1981/yr real property taxes (2016)

Homeowner Fees: $15,074/yr (11/1/16 to 10/31/17)

Real Estate Transfer Tax: 1% of purchase price, paid by Buyer

Price: $397,500, furnished

Terms: Cash, or terms otherwise acceptable to Seller

MLS#: 137608

Website: SnowmassSkiCondo.com

REAL ESTATE ON HIGHER GROUND

© 2017 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered serve marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.

Aspen 534 E. Hopkins Avenue | 970.922.2111 • Next to the Gondola Plaza 555 E. Durant Avenue, Suite 5A | 970.925.5400 Snowmass Village Next to Alpine Bank | 970.923.2111 • BHHSAspenSnowmass.com

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