One of the many reasons people purchase homes or condos in the Breckenridge real estate area is for investment reasons. Breckenridge is a high quality resort community with world class and national appeal. Below you will find two properties that were bought and sold as an investment. As you will see, one was long term, the other a short term buy.
The first investment property was a condo unit in the Creek Development. The unit was purchased in July of 2005 for $183,500 and sold less than a year later in April of 2006. In this short amount of time the value of the property appreciated by 25% ($46,500) and was eventually sold for $230,000.
The second investment property was a long term investment property that was a home located near Peak 8 ski lifts. The home was purchased in 1992 for $25,000. The Breckenridge homes is now valued at $1,623,327 netting an appreciation of $1, 598,327.
Obviously each investment property differs based on the type of property, location and amenities, however investment properties are a great way to diversify your investments and store value. Breckenridge, due to its popular resort location makes a great investment property for owners to rent to vacationers looking for great skiing during the winter and plenty of outdoor activities during the spring, summer and fall. If you are looking for a great way to invest in properties, check out Breckenridge.
Investment Property
Creek Condo, Unit W41
Date added
04/09/2006
Sold Date
07/30/2005
Sold Price
$183,500
Actual Market Value as of 03/30/2006
$230,000
Appreciation for the Period from 07/30/2005 to 03/30/2006
This data is an approximation based on current market conditions and cash deal. If you’d like to get your own numbers, please call me at 970-389-8899 or fill out my contact form. Thank you.
Short Term House – Boulder Ridge Lodge, is located on Boulder Ridge Road, close to Peak 8 ski lifts.
Investment Property
Boulder Ridge House
Date added
04/09/2006
Sold Date
10/14/1992
Sold Price
$25,000
Actual Market Value
$1,623,327 (county records)
Appreciation for the Period from 10/14/1992 to 03/30/2006
$1,598,327
# of bedroom
6
# of bathrooms
6
Square footage
4,587
Total Gross Income from 01/01/2005 to 12/31/2005
$107,200
Management Fees
$42,880
Housekeeping Service
$1,086
Annual Taxes 2005
$6,704
Maintenance and Supplies
$2,774
Total Operating Expenses
$53,444
Net Operating Income
$53,756
% of Approximate Annual Net Income to Sold Price
3.3%
This data is an approximation based on current market conditions and cash deal. If you’d like to get your own numbers, please call me at 970-389-8899 or fill out my contact form. Thank you.
If you are interested in additional information about Summit County Colorado homes opportunities, please contact me:
Mail:
Resort Real Estate
110 South Main, PO BOX 6764
Breckenridge, CO 80424
Phone:
970-389-8899
Fax:
320-386-8899
Email:
Website:
http://www.luckymountainhome.com
Thanks again for visiting my website for your home buying and selling needs.
