What Can You Get for $300,000?

Many people have asked what they can afford and where the most attractively priced Summit County properties can be found.  In order to shed some light on this topic I have selected a $300,000 property from each area in Summit County and described it below.

Silverthorne Real Estate

Salt Lick Condo Unit 4836, $299,000: 

            Built in 1982, this 2 bedroom, 1 and ¾ bath unit is in the Wilderness neighborhood adjacent to national forest that provides great hiking, biking and cross country skiing right out the door.  Inside, this home boasts 1,071 square feet, ($279/square foot) a remodeled kitchen, jetted tub, wood burning fireplace and a washer and dryer. The association dues are $272/month and include Cable TV, management, water, sewer, snow removal, common area maintenance, common taxes, insurance, trash pick up and access to the community hot tub.

Keystone Real Estate

Cinnamon Ridge condo Unit 5, $299,900: 

            Built in 1983 this 2 bedroom, 2 bath condo is located walking distance to the lifts and River Run Village.  The property is 828 square feet ($362/ square foot) and has views of wetlands and Keystone Resort.  Inside this unit has been remodeled with new carpet, counters and appliances and includes a washer and dryer.  The association dues are $274/month and cover Cable TV, management, water, sewer, snow removal, common area maintenance, common taxes insurance, trash pick up and access to the community hot tub. 

Frisco Real Estate

Villas at Prospect Point Unit 102, $300,000: 

            Built in 1995 this 2 bedroom, 2 bath unit is located on the shores of Lake Dillon with easy access to I 70.  This property is 1,040 square feet ($288/square foot) and comes with a one car garage.  Inside, this home offers large bedrooms, hardwood floors and a washer and dryer.  The association dues are $300/month which includes Cable TV, management, water, sewer, snow removal, common area maintenance, common taxes insurance, trash pick up and access to the community hot tub.

Dillon Real Estate

Dillon Bay in Corinthian Hills Unit 103, $299,000: 

           

            Built in 1980, this 2 bedroom 1 and ¾ bath home offers a one car garage and great views of Lake Dillon and the Ten Mile Range.  This one level, ground floor unit with washer and dryer is 1,142 square feet ($262/square foot) and is just minutes to both the town of Dillon and Keystone Resort.  The association dues are $360/month plus $150/year which includes Cable TV, management, water, sewer, snow removal, common area maintenance, common taxes insurance, trash pick up and access to the Clubhouse which has an outdoor heated pool and hot tub.

Copper Mt Real Estate

Anaconda Condo unit 202, $299,000:

            Built in 1973, this 2 bedroom 2 bath condo is located just steps from the Super Bee lift and the Copper Mt Golf Course.  This 964 square foot unit ($310 per square foot), has a remodeled kitchen, expanded living and dining area as well as washer and dryer hookups.  The association dues are $1545.04 per quarter and include Cable TV, management, water, sewer, snow removal, common area maintenance, common taxes insurance and trash pick up.

Breckenridge Real Estate

River Mountain Lodge Condo Unit W 302, $299,900:

            Built in 1986, this 1 bedroom 1 bath condo is walking distance to both Main Street and the Gondola and offers views to the ski area.  The 584 square foot interior ($514/ square foot) has been completely remodeled with granite counter tops, new flooring, new appliances, new blinds and a washer and dryer.  The association dues are $553/month and include Cable TV, common area maintenance, common taxes, electricity, firewood, gas, heat, common insurance, management, security, snow removal, trash pick up, community pool and hot tub and access to the fitness room.

If you would like to see for yourself what other properties are available, please visit my website at the link below.  Once there you can conduct your own personalized property search and peruse a variety of information relating to Summit County Real Estate.  As always you can contact me anytime at the information below.

All the best,

Tyler MacGuire
Broker Associate

Omni Real Estate Company

Cell: 970-409-7779

Email: tylermacguire@hotmail.com

www.tylermacguire.com

         

"Your Guide to Summit County Real Estate"

Should You Trust Your Realtor When They Refer You?

Your Realtor gives you the name of two lenders and suggests you work with them to get a loan.  Now, there are lots of lenders out there so why would they pick these two?  To ask the question another way…what’s in it for the Realtor?  What kind of kick back are they getting and is their recommendation best for you, or for them?

You as the client have the right to know about any business relationship between the Realtor and the mortgage broker.  Furthermore, a federal law passed in 1974 prohibits the mortgage broker from giving kick backs or anything of value to the Realtor in exchange for there referrals.  This law, called the Real Estate Settlement Procedures Act (RESPA), also requires full disclosure of any affiliated or shared ownership business as well as the submission of good faith estimates to you on closing costs.  If you would like to learn more about RESPA see this link: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/rmra/res/respa_hm

Now, should you trust your Realtor when they refer you….the answer is hopefully.  Hopefully, you have a chosen an ethical and experienced Realtor who is working within the law and with YOUR best interests in mind.  Nevertheless, it is your responsibility to make the final decision as to whether to take their recommendation or not.  It is always a good idea to ask the Realtor why the have picked these lenders to refer you to.  If they say it is because they have a great track record of professionalism and closing loans then that’s great.  On the other hand, if they say that the lender is there brother in law, maybe it’s not the best choice.

If you have questions about Real Estate referrals or anything else regarding Summit County Real Estate please feel free to contact me anytime at the information below.

All the best,

Tyler MacGuire
Broker Associate

Omni Real Estate Company

Cell: 970-409-7779

Email: tylermacguire@hotmail.com

Web: www.tylermacguire.com

        

"Your Guide to Summit County Real Estate"

Summit County Real Estate Market Report

Residential Sales Prices

In Last the last thirty days there have been 178 new listings, 97 closings and there are currently 203 transactions pending.  Of these sales the highest price was $1,700,000 and the lowest was $94,000.  The highest price per square foot transaction was $729 while the lowest came in at $120.

Transactions By Price Point

Of the 97 residential closings 11 of them sold for over $1M and 11 were between $750,000 and $1M.  Between $500,000 and $750,000 there were 18 sales and the most active price point was from $250,000 and $500,000 with a total of 33 transactions.  Lastly, the second most active price point was under $250,000 with 24 sales.  This means that over half of the sales in the last month fell into a (roughly) $406,000 price range between $94,000 and $500,000!

Inventory

There are currently 305 residential properties for sale in Summit County listed under $250,000.  Between $250,000 and $500,000 there are another 667 properties listed for sale and another 330 listed between $500,000 and $750,000.  In the $750,000 to $1M price range there are 196 listings and another 306 properties listed over $1M.  When you compare the inventory (supply) versus the demand (actual sales) it is clear that we are in a buyers market.  Sellers know that there are few buyers in the market place and that even fewer are actually buying.  If a seller is asking too much for there home, it will likely remain part of our inventory for a long time.

Want to figure out how to make all of these numbers work for you?  Please feel free to call me anytime at the information below for a free Home Buyer Consultation.

Tyler MacGuire
Broker Associate

Omni Real Estate Company

Cell: 970-409-7779

Email: tylermacguire@hotmail.com

www.tylermacguire.com

       

"Your Guide to Summit County Real Estate"