Hastings Mesa Estates
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This parcel is 9.76 acres and is square in shape, flat in elevation and evenly wooded with several ideal sites for a structure (or three!)
There is a nice mix of Aspen and mature Ponderosa trees and several excellent view corridors to capture the nearby peaks and ridges all the way to Sneffel Mountain. Only one of the four lot lines (west side) has a road along it, (this is a very quite road) and there is power available for hook-up at the southwest corner. From a density perspective, nearly every neighbor on any side is on an equally large 10 acre site.
The asking price of $259,000.00 represents at least a $40,000.00 market adjustment. Here are a few of the comparables.
March 2007 Sale: Daly to Kammerer, Lot 14a
Sale Price: $199,900.00
Total Acreage: 8.18 acres
Average Price Per Acre: $24,437.00
Value of Emilson Property (9.76 acres) at this Price Per Acre: $238,505.12
December 2008 Sale - Lynsky to Elder, Lot 21 (this one is probably the most relevant since it is the most recent AND because it took place in the midst of the current market decline)
Sale Price: $265,000.00
Total Acreage: 8.68 acres
Average Price per Acre: $30,530.00
Value of Emilson Property (9.76 acres) at this Price Per Acre: $297,972.00
Property Currently For Sale: Lot 23
List Price: $322,920.00
Total Acreage: 9.31 acres
Average Price Per Acre: $34,685.00
Value of Emilson Property (9.76 acres) at this Price Per Acre: $338,525.00
Other factors of consideration:
In contrast to ALL of the properties listed above, the Emilson property borders the road on only one side (vs. two sides). It has comparable views but in contrast to Lots 21 & 23, it also offers mature vegetation, beautiful full-sized ponderosa pines and aspen trees. In contrast to Lot 23, the Emilson property has power to the lot line.
There is a nice mix of Aspen and mature Ponderosa trees and several excellent view corridors to capture the nearby peaks and ridges all the way to Sneffel Mountain. Only one of the four lot lines (west side) has a road along it, (this is a very quite road) and there is power available for hook-up at the southwest corner. From a density perspective, nearly every neighbor on any side is on an equally large 10 acre site.
The asking price of $259,000.00 represents at least a $40,000.00 market adjustment. Here are a few of the comparables.
March 2007 Sale: Daly to Kammerer, Lot 14a
Sale Price: $199,900.00
Total Acreage: 8.18 acres
Average Price Per Acre: $24,437.00
Value of Emilson Property (9.76 acres) at this Price Per Acre: $238,505.12
December 2008 Sale - Lynsky to Elder, Lot 21 (this one is probably the most relevant since it is the most recent AND because it took place in the midst of the current market decline)
Sale Price: $265,000.00
Total Acreage: 8.68 acres
Average Price per Acre: $30,530.00
Value of Emilson Property (9.76 acres) at this Price Per Acre: $297,972.00
Property Currently For Sale: Lot 23
List Price: $322,920.00
Total Acreage: 9.31 acres
Average Price Per Acre: $34,685.00
Value of Emilson Property (9.76 acres) at this Price Per Acre: $338,525.00
Other factors of consideration:
In contrast to ALL of the properties listed above, the Emilson property borders the road on only one side (vs. two sides). It has comparable views but in contrast to Lots 21 & 23, it also offers mature vegetation, beautiful full-sized ponderosa pines and aspen trees. In contrast to Lot 23, the Emilson property has power to the lot line.
- Neighborhood: Hastings Mesa
- Lot Size: 9.76 acres
- Type: Lot/Land for Sale
- Horses Allowed
- View
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