On the Market: Stagecoach townhome sells for $70K bargain

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On the Market

Tom Ross' On the Market column appears Sundays in the Real Estate section of the Steamboat Pilot & Today. Contact him at 871-4205 or e-mail tross@SteamboatToday.com.

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— An original Stagecoach townhome from 1974 — three bedrooms, 1,416 square feet — sold for $70,000 on Jan. 18. It was foreclosed on and was sold by Fannie Mae. It previously sold for $260,000 at the peak of the market in June 2007.

Historic Crawford house gets permit for alteration

The Routt County Re­­gion­al Building Department issued a permit valued at $29,000 this month for an interior alteration at the historic Crawford House on 12th Street. Tyke Pierce Construction is the contractor.

The Porches to wrap up construction of new units

The Porches announced today that it continues to buck the trend in the luxury second home market in Steamboat Springs by maintaining strong sales activity throughout 2010.

Enjoying a 10 percent increase in walk-in traffic year over year and strong interest from a multitude of second-home buyers across the country, The Porches has made five sales; two fractional interests in the Private Residence Club and two whole ownership units, as well as the resale of their largest home at $3.49 million. This level of activity is unparalleled in the current luxury vacation home market in Steamboat.

“We believe that our sales success this year is thanks to a combination of our unique product offering and the slow resurgence of the luxury second home market,” said Bruce Shugart, developer of The Porches.

The Porches will wrap up the construction of a few new units this month. One of the new homes offers views from every room, an expanded deck, an elevator and more than 500 square feet of storage.

Bear Lodge open house is scheduled for Friday

Bear Lodge at Trappeur’s Crossing is hosting an open house Friday from 3:30 to 5:30 p.m. in unit 6201. Park in the heated garage and check out one of the seven remaining residences. Call Lori Biagi at 970-846-5833 with questions.  

Comments

Mike Heineke 3 years, 2 months ago

$70,000? A bargain? According to who? I think it's a bit high for the condition it was in for sure. 2/3 of the condo's out there should be torn down anyway and replaced with more efficient housing.

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