Archive for the 'Summit county real estate' Category

Your Step-by-Step Guide: How to Build a Custom Home in Summit County Colorado

 Your Step by Step Guide: How to Build a Custom Home in Summit County Colorado

Building a house in Colorado at elevation requires a different kind of planning than anywhere else in the state. Summit County adds mountain-specific layers to every phase: jurisdiction-dependent permit workflows, seasonal construction windows, snow load engineering, and utility access that varies by parcel. The cost of building a house in Colorado in this market starts at $350 per square foot for construction alone – before land, site preparation, building permits, or fees. This guide walks through the full process, from choosing a lot to receiving a certificate of occupancy. Read more »

How To Protest Your Property Taxes In Summit County Colorado?

should i appeal property tax assessment How To Protest Your Property Taxes In Summit County Colorado?
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Colorado reappraises property values every two years. Reappraisals occur in odd-numbered years – 2025 was a reappraisal year in Colorado – and when the new Notice of Valuation arrives showing a sharp increase, many homeowners in Summit County face the same question: is the number accurate, and is it worth appealing? A property tax appeal is a formal objection to the assessed value assigned to your property by the county assessor. Filing one can reduce your tax bill for Read more »

A New Development In A Floodplain

With the shrinking amount of available private land in Summit County, developers are looking at unconventional areas. Silverthorne town council gave its initial approval to Silver Trout Estates, which is a proposed development on 12 acres between the private fishing lake in Eagles Nest and the Blue River in Silverthorne. It would be made up of 14 duplexes and a triplet, marketed to second-home owners, and priced beginning in the $900,000. The high price comes because there isn’t much riverfront property left in Silverthorne. The land is located in the 100-year floodplain, so builders will have to fill in the area with at least one foot of dirt. Even so, if the 100-year flood occurred, the homes would see water. There’s a 1% chance a flood will happen in any given year. Now the Federal Emergency Management Agency needs to approve the plan, and developers need to show impacts on the surrounding wetland.

Silverthorne real estate

Intrawest Refinanced

Intrawest, which owns Copper Mountain, narrowly avoided bankruptcy by refinancing a $1.7 billion loan Oct. 23. CEO Bill Jensen said it was challenging to get a new loan with the state of the credit market. The loan terms the company got will cost more, which may cause stress on Intrawest’s financials, creating possible declines in capital investments or services.

Hydrant Inspection May Affect Homeowner Insurance

Federal inspectors will rate the Lake Dillon Fire Rescue’s communication systems, firefighting operations and department protocol at the end of September.
If the evaluations come in lower, or higher, than the last inspection in 1999, homeowners insurance premiums are usually affected. In 1999, home inspectors of the Insurance Service Office gave the fire district a weak rating, which is common in smaller communities with high fire danger. However, Lake Dillon has improved its response time significantly since 1999. Once the evaluation is done, it can take a couple months to find out how the score will affect premiums.

Real estate Breckenridge

It’s Time To Jump In And Buy Real Estate In Summit County

summit county real estate Its Time To Jump In And Buy Real Estate In Summit County

It’s always hard to say for certain when the best time to buy or sell real estate is, but right now people who want to purchase real estate in Summit County have a lot of strong incentives. First of all, interest rates are great; the already low rates have decreased by about a half percent since the government took over Fannie Mae and Freddie Mac. Now is the time to lock in a favorable interest rate on your property. Read more »

Copper Finally Gets To Develop More

copper mountain1 Copper Finally Gets To Develop MoreAfter years of back and forth meetings with county commissioners, the county finally approved Copper’s plan to redevelop the resort’s base. The plan includes a redesign of the golf course, new condos and a hotel near the chapel lot and condos near the A-Lift. About 50 Copper Mountain homeowners showed disapproval of the plan because it could interfere with their views and lifestyle.

As part of the plan, some of Copper’s transfer tax will go to the county.

Another Tax Hike?

breckenridge tax1 Another Tax Hike?In November, the Summit County will ask for a property tax increase of approximately $11 for each $100,000 of property value, meaning a $600,000 home would have an extra $66 added to its tax bill.

The county wants to raise $5.9 million a year to create a fund for wildfire prevention, as well as to protect open spaces and expand affordable housing programs.

Part of the county’s reasoning is that fuel costs, materials for roads and health insurance for employees is skyrocketing. If approved, the new tax increase would start in 2010, end in 2022, and replace a mill levy that currently brings in approximately $3 million a year for open space. The county hasn’t asked for a tax increase since 1992.

Provided real estate Breckenridge

Frisco Mall Is Getting Revamped

cfiles31711 Frisco Mall Is Getting Revamped

Not only is Frisco’s Main Street going to look better, but it has also led to a historic high sale in real estate.

Mike Hilbert, a developer in Denver, bought the dated Frisco Mall for $3.16 million a record. He also purchased the adjoining lots, between Fourth and Fifth Avenues on Main Street, for $1.4 million.

He wants to upgrade facades on the building and may add condos (proposed sales price: $400,000-$700,000) above the commercial space, as many developers are doing on Main Street. But scarce parking and overall cost may foil his plans.

The businesses in the space Hilbert purchased plan on staying, since sales are good there.

Copper Development Is Still On Hold

copper mountain Copper Development Is Still On Hold

Copper  Mountain wants to develop its base area more, but the county commissioners are slowing progress by not deciding one way or the other. Another hearing will be held at 1:30 p.m. Tuesday at Mountain Plaza at Copper.

Commissioners are mainly concerned that there won’t be enough parking after Copper Mountain develops 420 more units. Resort officials said Copper might talk about building a parking structure in the future to solve the problem. Questions over how development would affect recpath construction from Copper toward Fremont Pass also raised concerns.

Copper Mountain real estate

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