There are numerous examples of home owners performing remodel and renovation construction work in their homes without proper permitting. This recent article, about a Red Mountain home buyer’s lawsuit against the seller and the seller’s builder, demonstrates what can happen if home improvement work is not disclosed to a buyer, and the buyer learns after closing that the work was performed illegally, not to code, without proper permitting. Fines, unexpected costs and a big legal mess…
Link to article, June 29, 2015 AT
MLS #132668 – Aspen, Red Mountain, Ridge of Red Mountain, 274 Draw Drive, Aspen, CO: Sold Price: $4,000,000/$798 sq ft furnished. More details below photos.
MLS #132668 – Aspen, Red Mountain, Ridge of Red Mountain, 274 Draw Drive, Aspen, CO: Sold Price: $4,000,000/$798 sq ft furnished; Asking Price: $4,800,000. (Original Price: $5,400,000 and 602 days on the market since 07/25/2012.) This is a 1984 built/2008 remodeled, 4 bedroom/4 bath/2 half bath, 5,012 sq ft single family home with 2 car garage on a 31,656 sq ft lot arguably selling at teardown or near vacant lot value. Broker comments are, “Straight forward family home on the Ridge of Red Mountain enjoying lovely views from Aspen to Mt. Sopris. Large bedrooms and cubic volume: a perfect blank canvas for your buyers personal touches.” 2013 Taxes: $8,707; HOA Dues: $600 Yr. Under Contract Date: 01/24/2014; Sold Date; 03/18/2014. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)