Developers on track to finish homes

Remaining homes in Willowbrook subdivision will see improvements

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— A pair of local developers has purchased the right to complete the remaining 15 homes in the Willowbrook subdivision from First Colorado Capital Co. Development.

Jon Peddie said he and Marc Fraioli, organized as Willowbrook/Steamboat LLC, will improve both the exteriors and interiors of the newest manufactured homes in the subdivision.

"We've upgraded our finishes so our standard (model) is what First Colorado offered as an upgrade," Peddie said.

First Colorado was originally approved by the city of Steamboat Springs for 19 single-family homes and a pair of four-plexes. Peddie and Fraioli have not acquired the rights to the four-plexes approved in the project.

Willowbrook is accessed from Chinook Lane off Walton Creek Road at the base of the ski mountain. The subdivision is on an L-shaped parcel of land bounded to the west by Burgess Creek and to the south by Walton Creek. Of the 19 home lots, 11 back up to one of the two creeks or an extension of the city's Yampa River Core Trail, or both. The lots are arranged around the long cul-de-sac of Willowbrook Court, which is at a city bus stop. Willowbrook Court is a city-maintained street, Peddie said. Whistler Park is less than a half-mile away.

Peddie said First Colorado Capital Co. completed just four of the single-family homes before running into difficulties and selling the project to his firm.

The manufactured homes range in size from 1,280 square feet to 1,600 square feet. Listing prices begin at $239,000 and go up to $289,000. At those prices, the homes are priced at about $170 per square foot to $180 per square foot on their lots.

Peddie predicts the homes in Willowbrook will compare favorably to condominiums on the market in Steamboat, when buyers would really rather have a free-standing home.

"They are very similarly priced to many of the condos available on the mountain, yet it's a single-family house with a two-car garage," Peddie said.

The components of the homes are built in Berthoud by a company called Summit Crest, Peddie said. Summit Crest is a division of a larger company, Champion, which is one of the biggest manufacturers of modular homes in the country. Summit Crest turns out 1,000 homes a year, and it is one of just 40 divisions in Champion, Peddie said.

Each home in Willowbrook will be constructed on its own fee simple lot, ranging in size from two-tenths to four-tenths of an acre.

The upgrades being introduced by Peddie and Fraioli include better appliances and details such as rounded drywall corners and oak or tile "bull-nose" trim on kitchen countertops, Peddie said.

On the exterior, Peddie said decorative dormers are being added to the homes and instead of being sided in the factory, the newest homes in Willowbrook will be sided on site. Purchasers can choose from among several custom materials, Peddie said.

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