The home is categorized by the Aspen/Pitkin County Housing Authority (APCHA) as a resident-occupied (RO) unit, which are the most expensive kind of worker housing. The property is located in the North 40 subdivision.APCHA guidelines require homeowners in the program to work in Pitkin County for a minimum of 1,500 hours a year, not own other property in the valley and maintain that the unit is his or her sole residence. They don’t allow homeowners to rent out units for more than two years.

ASPEN REAL ESTATE – The housing board gave the OK on Wednesday for a homeowner to continue renting out his single-family home for the fourth year in a row after not being able to sell it due to a down economy. John Goltermann first purchased the unit in 2004 for $1.05 million. The home is categorized by the Aspen/Pitkin County Housing Authority (APCHA) as a resident-occupied (RO) unit, which are the most expensive kind of worker housing. The property is located in the North 40 subdivision. Goltermann first placed the home on the market in 2009 for $1.37 million, which accounted for the $107,316 he invested in capital improvements to the unit. Since, Goltermann lowered the price twice, once in 2011 to $1.25 million and again recently to $1.2 million. He has had two offers. The first was made in 2009 for $1.12 million but Goltermann passed. There was a more recent offer for $810,000.In the meantime, Goltermann has been renting out the unit to a three-member family that qualifies for affordable housing through APCHA.
By Dorothy Atkins, Feb. 8, 2013 ADN

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Recent sales of RO – Resident Occupied – deed restricted Aspen single family homes:

MLS #127895 – Aspen, Bank Owned Sale, West Aspen, North 40 PUD single family home, 34 Tumbledown Lane, Aspen, CO: Sold Price: $656,500/$213 sq ft unfurnished. This is a deed retricted, RO*, Resident Occupied property whereby owner must qualify as Pitkin County resident and employee. Closed: 01/17/13. (See Estin Report blog post for more info.)

MLS #121750 – Aspen, Bank Owned Sale of Residence Occupied (RO) home*, West Aspen, North 40 PUD single family home, 0090 Totterdown Road 0090/0092, Aspen, CO: Sold Price: $856,800/$248 sq ft unfurnished. Closed: 01/13/13. (See Estin Report blog post for more info.)