Mason Morse Blog


Archive for September, 2009
Mason Morse Announces $15+ million Sale in Aspen, Colorado

Posted by Kim Briscoe on September 11th, 2009

Aspen, Colorado – Brian Hazen, Vice President with Mason Morse Real Estate announced today the $15.6 million sale of The Estate at Independence Pass located just 3 miles east of Aspen. This sophisticated 5 bedroom, five and one-half mountain estate commands stunning views from Independence Pass to Aspen Mountain. The nearly 6 wooded acres include the adjacent building site with approvals, fully landscaped, beautiful grounds with 5 ponds, meandering streams and soothing waterfalls to create a peaceful, tranquil setting. The sophisticated architectural design with quality finishes include custom stonework, mahogany walls and floors, West African Sapele wood, Spanish Onyx and European marble.

 “The Estate at Independence Pass represented a remarkable country estate opportunity minutes east of Aspen city limits,” said listing agent Brian Hazen, Vice President/Broker Associate of Mason Morse. “It shows Aspen continues to be highly desirable for exceptional properties to discerning buyers worldwide.”

Brian Hazen specializes in marketing luxury homes and townhomes, building sites, ranches and an emphasis on rare, luxury country estates. He is highly regarded in the industry and is consistently recognized as a top producer, and has sold over three-quarters of a billion dollars in the Aspen/Snowmass market. Brian was recently appointed to the Executive Committee to the Board of Regents. He spends much of his time giving back to the community, and is active in many local charities and organizations such as St. Mary’s Church, Aspen Education Foundation, Aspen Junior Golf, Aspen/Santa Fe Ballet, Aspen Youth Center, among others.

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Posted in Aspen, Local | 1 Comment »

What’s my property worth?

Posted by Dusty on September 3rd, 2009

What’s the property “worth”?  Boy if that question isn’t fraught with subjectivity, or is it?  Almost daily brokers are being asked this question, from both buyers and sellers in our market.  Seller’s are trying to figure out whether they should even be in the game right now and if they are, at what price.  Buyer’s are fearful of paying too much and finding themselves with no equity in a property a year from now because the bottom fell another 15% to 20%.  A professional appraiser could come up with an answer.  May not be what you want to hear, but I guarantee you that through a systematic approach, they could come up with a price on a property.  How do they do this?  By looking at comparable sales and then applying pre-determined amounts for improvements/deficiency’s on the property being appraised.  They know roughly what an additional bedroom or bathroom costs.  They take into account finish levels in a property, location, views, accessibility, amenities, size of the home and lot, price trend analysis, etc., etc.  They are not just looking at price per square foot or comparing dissimilar properties.  If they are, they are adjusting accordingly to help determine value on the subject property.  While your real estate broker may not get this in-depth in their analysis, are they giving you information that they have systematically worked through to help you with your price question or are they just pulling it out of thin air?

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Posted in For Sellers, Real Estate | 2 Comments »