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61 Lenawee Ln
Dillon, CO

61 Lenawee Ln

$2,950,000
5 bd • 6 ba • 4,284 sf

This analysis was generated by artificial intelligence on 1/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$2,950,000

Price/Sq.Ft

$689

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Size and Potential: With 5 bedrooms and 6 bathrooms, the property offers ample space, which is desirable for larger families or those who frequently host guests. The 4,284 square feet provides a substantial living area, suggesting potential for a high-end or luxury property. • Resort Town Location: Dillon, CO is a popular resort town, offering access to outdoor activities such as skiing, hiking, and water sports. The location provides a desirable lifestyle for those seeking recreational opportunities and mountain scenery. • High Property Value Potential: While the price per square foot is high, the property's size and location suggest potential for significant appreciation over time. Resort towns often have high property values, which can result in strong investment potential. • Modern Design Potential: Based on the provided image, the property features a modern design with large windows, wooden beams, and contemporary furniture. This design aesthetic may appeal to buyers who appreciate high-end finishes and architectural details. • Privacy and Views: The large windows suggest the property offers privacy and likely has scenic views. These factors enhance the property's appeal and potential value, making it a desirable choice for those seeking a tranquil and aesthetically pleasing living environment.

The Bad

• High Price per Square Foot: At $688.61 per square foot, this property is likely priced above market averages for Dillon. Without specific details on the property's condition, upgrades, and precise location, it's challenging to determine if the price is justified. The high price may deter some potential buyers. • No Property Description or Room Details: The absence of a property description and room details makes it difficult to assess the property's layout, condition, and suitability. Potential buyers cannot determine the number, size, or quality of rooms, which is a critical factor in the decision-making process. • No Utility Information: The lack of utility information is a significant concern. Potential buyers cannot evaluate the reliability and cost of utilities such as water, electricity, and internet. This lack of transparency may lead to unexpected expenses and complications. • Unknown Year Built: The unknown year built makes it difficult to assess the property's condition and potential maintenance needs. Older properties may require significant repairs or updates, while newer properties may have higher initial costs. Without this information, buyers cannot accurately estimate long-term expenses. • Limited Market Data: The lack of median income and rental rate data makes it challenging to assess the property's investment potential and long-term value. This limited data may pose challenges for buyers seeking rental income or resale value.

The Ugly

• Altitude Sickness Risk: Dillon’s high elevation (9,111 feet) can cause altitude sickness, which can range from mild discomfort to severe symptoms. This risk may deter potential buyers who are not accustomed to high altitudes or those with pre-existing health conditions. • Harsh Winter Weather: Dillon experiences severe winters with heavy snow, significant temperature swings, and intense summer sun. These conditions can impact property maintenance, increase utility costs, and require additional snow removal expenses. The durability of building materials should be a key consideration. • Wildfire Risk: Dillon, like many mountain towns, faces a significant risk of wildfires. This risk can lead to higher insurance premiums and requires property owners to take additional mitigation measures, such as creating defensible space and using fire-resistant materials. • High Total Cost of Ownership: Given the high price tag and lack of specific details, the total cost of ownership for this property is likely to be substantial. This includes mortgage payments, property taxes, insurance premiums, HOA fees (if applicable), utility costs, and maintenance expenses. A detailed cost analysis is essential. • Limited Long-Term Housing: The prevalence of short-term rentals in Dillon can impact neighborhood stability and availability of long-term housing. Buyers seeking a year-round primary residence may find this environment less desirable. The dominance of short-term rentals can also reduce the sense of community.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• High-Net-Worth Individuals seeking a luxury mountain retreat with ample space for family and guests. The 5 bedrooms and 6 bathrooms offer substantial accommodation, suitable for large groups. Given the price point, purchasers should have a household income exceeding $500,000 annually to comfortably manage mortgage, taxes, and maintenance. • Buyers prioritizing a modern design aesthetic with high-end finishes, as suggested by the large windows, wooden beams, and contemporary furniture. The home's design is likely to appeal to those who appreciate architectural details and modern amenities. • Purchasers desiring a secondary home or vacation property in a resort town. Dillon's location provides access to skiing, hiking, and water activities, making it an attractive option for those seeking recreational opportunities. The size of the house is ideal for hosting family and friends for extended stays. • Individuals who are comfortable with the potential challenges of mountain living, including weather, wildfire risks, and altitude. Buyers should be prepared to invest in appropriate insurance, maintenance, and possibly winterization upgrades.

Not For

• Budget-Conscious Buyers: The high price of $2,950,000 and limited market data suggests this property is not suitable for those with a lower budget. The $688.61 per square foot price is likely above average for the area, indicating a premium property. • First-Time Homebuyers: The complexity of purchasing a high-value property in a resort town, combined with unique environmental challenges, makes this property unsuitable for first-time homebuyers. • Buyers Seeking a Primary Residence: Given Dillon’s resort-town atmosphere, this property may not be ideal for those seeking a year-round primary residence. The high percentage of second homeowners and potential for seasonal fluctuations in community activity may not align with long-term residential preferences. • Risk-Averse Buyers: The lack of specific details on the property, combined with environmental risks, such as wildfires and severe weather, makes this property a poor choice for risk-averse buyers. Potential costs associated with weather-related damage, altitude, and wildfire mitigation should be considered.
Demographics
Area Median Income

$0

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Risk Assessment

Risk Analysis

• Lack of Property Details: The absence of a property description, room details, and utility information poses a significant risk. Potential buyers cannot adequately assess the property's condition, layout, and potential expenses without further information. This lack of transparency may indicate underlying issues or incomplete documentation. A professional inspection is mandatory to mitigate this risk. • High Altitude and Weather: Dillon's high elevation (9,111 feet) and harsh weather conditions pose health and maintenance risks. Altitude sickness can affect some individuals, and the property may require additional winterization to prevent frozen pipes and other weather-related damage. The severe weather may also impact the property's exterior and landscape, increasing maintenance costs. • Wildfire Risk: Dillon, like many mountain towns in Colorado, faces a high risk of wildfires. This risk can significantly impact insurance costs and may require additional safety measures, such as creating defensible space and using fire-resistant materials. The property's location should be carefully researched for its fire history and proximity to evacuation routes. • Market Volatility: Resort towns like Dillon are prone to market fluctuations. The prevalence of short-term rentals and seasonal tourism can impact property values and rental income. Economic downturns or changes in local regulations could affect the property's value and investment potential. • Limited Healthcare: While there are medical facilities in the area, specialized healthcare might require travel to larger cities. This is a risk for buyers with specific medical needs or those who prefer convenient access to comprehensive healthcare services. • High Property Taxes & Insurance: Property taxes and insurance costs in Dillon can be higher than the state average. Buyers should factor in these expenses, especially in light of the wildfire and weather risks associated with mountain properties.

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