Edgemont Ski In Ski Out Condos (Video)
November 23, 2010
Edgemont Ski-in, Ski-out Luxury Condos in Steamboat Springs are one of the best selling new developments in Steamboat. Please call 970-819-6372 for availability and pricing or See all Edgemont condos for sale here.
Steamboat Condominium Quick Facts
November 23, 2010
Emerald Lodge at Trappeurs
The average price of a Steamboat Springs condominium was $442,000 in 2010 YTD.
The average days on market to sell a Steamboat Springs condo was 207 days in 2010.
What Types of Steamboat Condos Sold Best?
- 50% of the Steamboat condos sold in 2010 YTD were 2 and 2+ bedroom condos.
- 33%ofthe Steamboat condos sold in 2010 YTD were 3, 4, and 5 bedroom condos.
- 22% of the Steamboat condos sold in 2010 YTD were studios and 1 bedrooms condos.
The highest priced condos sold in 2010 were two Edgemont ski-in, ski-out luxury residences.
The lowest priced condos sold in 2010 were First Tracks at Wildhorse Meadows studios.
Financing Steamboat Condos
November 22, 2010
Financing Steamboat Springs Condos can be challenging, especially if the development you want to purchase is considered a “condotel”. Mortgage lenders Holly Rogers and Kathryn Pedersen from Yampa Valley Bank wrote this blog about financing Steamboat Condominiums:
Every time we submit a loan to our investors, we need to provide a homeowners association checklist. This is completed by the management company or the President of the Board. The checklist asks questions such as if the units are being used as a primary, secondary or investment property along with other questions about the association’s financial strength and property details. From the Fannie Mae guideline book, “Fannie Mae considers projects with any of the following characteristics to be hotel type projects and therefore, ineligible”: Read more
Edgemont Slopeside Luxury Residences For Sale
November 21, 2010
Edgemont condos are the best ski-in, ski-out slopeside luxury condos in Steamboat.
Call 970. 819.6372 for your personalized your tour of this brand-new ski-in, ski-out slopeside development. See for yourself why Edgemont is one of the fastest selling developments in Steamboat.
- Edgemont residences are high-end, luxury ski-in, ski-out properties with killer views
- Edgemont has 1,2,3, 4, and 5 bedroom floorplans
- Edgemont is priced from $700,000-$3,500,000+
- Edgemont has plenty of amenities–a salt water pool and hot tub, fire pit, game room and slopeside location
- Edgemont is approved for financing–no-hassle financing for qualified borrowers starting at 5.25%
There won’t be any new ski-in, ski-out construction projects in Steamboat for a while. If you are thinking about buying a slopeside condo, you really need to find out why you should consider Edgemont.
See all the Edgemont condos listed for sale here.
Please call 970-819-6372 to set up an appointment to see Edgemont.
October Steamboat Condo Sales
November 11, 2010
Steamboat Springs Condo, Townhome, and Fractional sales in October.
| Type | Development | Address | BR | Original Price | Asking Price | Sold Price |
| Steamboat Condo | Creekside Condo | 1471 CREEKSIDE CT. | Two | $264,900 | $239,500 | $227,000 |
| Steamboat Condo | Fox Creek Subdivision | 1275 Hilltop Pkwy | Two | $219,900 | $199,900 | $199,900 |
| Steamboat Condo | Howelsen Place | 700 Yampa Street A301 | One | $315,000 | $315,000 | $249,500 |
| Steamboat Condo | Meadows Condo | 2930 Columbine | Two | $235,000 | $225,000 | $205,000 |
| Steamboat Condo | Ridgecrest Condo | 1805 River Queen | Two | $265,000 | $260,000 | $215,000 |
| Steamboat Condo | Rockies Condo | 1945 Cornice Road #2323 | Two | $199,000 | $169,000 | $159,900 |
| Steamboat Condo | Terraces Condo | 2700 Eagleridge Drive Unit N13 | Two | $349,000 | $349,000 | $290,000 |
| Steamboat Condo | The Victoria | 941 Lincoln Ave. | One | $1,006,400 | $679,500 | $425,000 |
| Steamboat Condo | Torian-Creekside | 413 Torian Creekside | Three | $895,000 | $895,000 | $829,500 |
| Steamboat Condo | Trails @ Storm Meadows | 2315 Storm Meadows Drive | Four Plus | $1,199,000 | $1,199,000 | $1,199,000 |
| Steamboat Condo | Trappeurs Crossing Condos | 1875 Medicine Springs Dr. #4110 | Two | $465,000 | $465,000 | $405,000 |
| Steamboat Condo | Trappeurs Crossing Condos | 1750 Medicine Springs Dr. | Three | $1,095,000 | $1,095,000 | $766,500 |
| Steamboat Condo | Villas @ Walton | 1404 Morgan Court | Two | $280,000 | $280,000 | $270,000 |
| Steamboat Condo | Wildhorse Meadows – First Tracks | 2545 Cattle Kate Cir. | Studio | $119,000 | $119,000 | $119,000 |
| Steamboat Condo | Wildhorse Meadows – First Tracks | 2545 Cattle Kate Cir. | One | $235,000 | $235,000 | $225,000 |
| Steamboat Fractional | Christie Condos | 2355 Ski Time Square Dr. #313 | Four | $249,000 | $235,000 | $198,000 |
| Steamboat Fractional | Grand Summit Resort Hotel (The Grand) | 2300 Mt. Werner Circle 353-6 | One | $49,000 | $45,900 | $37,000 |
| Steamboat Fractional | Grand Summit Resort Hotel (The Grand) | 2300 Mt. Werner Circle – Clydesdale Unit # 413/412 | One | $50,900 | $50,900 | $46,000 |
| Steamboat Fractional | Grand Summit Resort Hotel (The Grand) | 2300 Mt. Werner Circle – 416 | Two | $80,000 | $80,000 | $75,000 |
| Steamboat Fractional | Grand Summit Resort Hotel (The Grand) | 2300 Mt Werner Cir, #320-21-23 | Two | $84,000 | $79,000 | $79,000 |
| Steamboat Townhouse | Cornerstone | 1452 Moraine Circle #19 | Three | $525,000 | $475,000 | $475,000 |
| Steamboat Townhouse | Fairview Add Ss | 617 Evans Street | Three Plus | $470,000 | $415,000 | $385,000 |
| Steamboat Townhouse | Fairway Meadows Subdivision | 1792 Highland Way | Three Plus | $948,500 | $795,000 | $775,000 |
| Steamboat Townhouse | Highlands Subdivision | 1725 Highland Way | Three | $1,250,000 | $1,250,000 | $1,150,000 |
| Steamboat Townhouse | Mountain Vista Townhome | 507 Mountain Vista Circle | Two | $252,000 | $252,000 | $257,500 |
| Steamboat Townhouse | North Meadows Subdivision | 2035 Steamboat Blvd | Four | $1,535,000 | $999,000 | $860,000 |
| Steamboat Townhouse | Porches/More’s | 1999 Indian Summer Drive | Five Plus | $1,999,999 | $1,775,000 | $1,499,000 |
| Steamboat Townhouse | Stone Lane Meadows | 3436 Flagstone Ct. | Three | $425,000 | $425,000 | $370,000 |
Please Come to the 2010 Colorado Group Realty Expo on Thursday
November 9, 2010
Please join us at the 2010 Colorado Group Realty Real Estate Roundup at the Steamboat Grand this Thursday, November 11.
There will be 35 exhibition booths and plenty of Steamboat Springs real estate information. If you own real estate or are thinking about investing in Steamboat real estate, this is a great opportunity to talk to lots of people in the business including lenders, title companies, home improvement vendors, insurance companies, surveyors and Realtors.
I’ll be there as the new Colorado Group Realty listing broker for Edgemont, Steamboat’s newest ski-in, ski-out luxury residences. Stop by and say hello!
Colorado Group Realty Real Estate Roundup
Townhome Deal–Half off New, Never Lived In, 4735 SF
November 5, 2010
3017 Apres Ski Way #Side B
MLS No. 129540
Listing Description
Beautiful large duplex with sweeping views of the Ski Area base and gondola, along with spectacular South Valley views. Only a few blocks from the gondola. Exquisite finishes, walnut hardwood floors, slate, tile and carpet. Owner upgrades include elevator. A lot of space, great finishes, wonderful location… all at $185 psf! Read more
Steamboat Condo HOAs–What You Need to Know
November 1, 2010
Steamboat Springs’ Home Owners Associations– “HOA’s”– What You NEED to Know
When you buy a home or a condo in Steamboat Springs, Colorado, chances are you will be part of a Home Owners Association. All HOAs have written rules which are enforced to varying degrees. Before you purchase Steamboat real estate, read the HOA documents carefully. If you find items you can’t live with, you can back out of the agreement before the deadline specified in the contract.
Here are some of the biggies to look out for in HOA documents in Steamboat Springs:
- Pets. Some condo and townhome complexes don’t allow pets at all. Most only allow owners, but not renters, to have them, which is a great reason to buy a place. Owning a Steamboat condo allows you to bring your pets with you to Steamboat. Renting means leaving them in a kennel. If you have a dog…or two…make sure the place you plan on moving welcomes your canine roommates.
- RV and boat parking. Don’t assume that you can park your boat or RV on your property. It is likely that storing your toys is a no-no, and you’ll have to find another place to put all your stuff.
- Painting your townhome. Look at the colors in the neighborhood. There is a good chance you will need to get approval first and you’ll be required to use one of a list of colors if you decide to repaint. In duplexes, you may have to get your neighbor’s approval to change the paint color or add a hot tub or deck. Make sure you read the party wall agreement.
- Prepaid dues for Reserves. Many condo and townhome complexes (especially newer ones) require that 3 months dues be paid at closing into a Reserves account for the HOA. You may or may not get this money back when you sell the property. Again, read the HOA documents and make sure that you understand whether this is a requirement or not.
- 2% withholding by the State of Colorado. This is a State requirement rather than a Home Owner Association rule, but it surprises many people. It only applies if you are an out of state Seller and you have made a profit on a sale in excess of $100,000. Let’s say you live in Georgia and own a condo at Eagle Ridge. When you sell it, the Title Company is required to withhold whichever is less: 2% of the purchase price or all the net sale proceeds and you must file a state tax return in order to get any of the funds back. There are a couple of ways around it; you must sign an affirmation that you are not making a profit, that it is your primary residence, or that it is owned by an entity with a place of business in Colorado, or that it is owned by a partnership. You are not liable for the 2% withholding if you are doing a 1031 tax deferred exchange into another property. Of course, this doesn’t affect you as a Buyer, but will if you live outside Colorado and are buying a second home or vacation home.
It all comes down to reading the documents provided to you by the Title Company and your REALTOR (R). Hopefully most of these items will be disclosed to you prior to your making an offer on the property. Talk to neighbors where possible, and contact a representative of the Home Owner’s Association. Most HOAs have websites, and the majority of the documents are online.
