Yesterday we visited the Aspen Hollow townhome neighborhood located in the Silver Lake area of Deer Valley to tour the various properties available for sale.  There are currently four townhomes available, ranging in price from $1,295,000 to $2,100,000, with both four and five bedroom floor plans.  Sizes range from approximately 3,200 to 4,400 square feet.  Although none these properties currently listed achieved our “Plus 2” rating, there are two of the townhomes that should be noted, as follows:

1. Aspen Hollow #9, Deer Valley:  This townhome could provide for an interesting opportunity for the right buyer, one that would like to create their own living environment. Aspen Hollow #9 is a five bedroom, six bath, 4,400 square foot model listed at $1,600,000.  In our opinion, Aspen Hollow #9 provides the best floor plan and ski access of the group.  It is also completely unfurnished and inferior in quality of condition, although priced somewhat to reflect this fact.  We believe that there could be a good probability that there will be some additional negotiating room on the list price, since the property has been on the market for quite some time.  On a side note and well represented by Aspen Hollow #9, we believe the opportunity provided here is being repeated throughout the Silver Lake area of Deer Valley.  What we mean by this is there is an abundance of well-located inventory available in Silver Lake Deer Valley, however this inventory is older and in need of updating and/or complete renovation.  Case in point would be this model, priced at $1,600,000, assuming the purchase price would be somewhat discounted from this list price, and further assuming renovation would cost approximately $200,000, one could obtain a brand new 4,400 square foot townhome with excellent ski access for a cost considerably less than a number of much smaller, newer properties currently on the market.  It is simply a matter of deciding that the values presented by this older product outweigh the inconvenience of living through a renovation project.  We believe that this scenario will provide the greatest return on both monetary investment as well as personal enjoyment to our buyers in the coming years.
2. Aspen Hollow #1, Deer Valley:  This is a four bedroom, five bath model of 3,770 square feet, furnished quite nicely, and listed at $1,650,000.  Very nice views, but more indirect ski access than a number of the other Aspen Hollow listings.  For a move in condition townhome, this Aspen Hollow should be considered.

Please contact us if you would like further information on Aspen Hollow at Deer Valley or to schedule a tour of these or any other Deer Valley, Utah property.