The WSJ has an odd article about an Aspen Townhome and what it sold for after a renovation.
Sure, in roughly two years and a renovation, the value would likely increase but at double the purchase price? Considering an owner cannot readily alter the exterior, add space, or modify interior walls I fail to see what an “extensive” renovation entails.
This should trigger some kind of audit. Even if your neighbors are famous people you would like to know and the location can teleport you anywhere this property seems wildly overpaid for.
Adam Moura 