April 2010 Archives

This property was originally listed at $875,000. It's now an incredibly low price per square foot, especially for newer construction by a local builder.

Wonderful duplex with huge south facing windows that allow tons of natural light.  Great Room has vaulted ceilings perfect for gatherings. The multi-level layout separates the three bedroom suites. Timber Creeks Estates is a little out of town on the south side of Breckenridge in a beautiful spot at the foot of the highest peaks in the county. It's quiet, with easy access to town and even easier access to cross-country skiing and hiking.  An absolutely perfect vacation spot.

Most of the things I've been listing as deals of the week have sold -- DEALS are going quick, so it might behoove the smart buyer to subscribe to a feed of this blog.

Don't say I didn't warn you that property at the right price is moving fast.

The Town of Breckenridge dug the first spade of dirt at the Valley Brook Neighborhood, April 21, starting an ambitious affordable housing project. I don't have to tell anyone that real estate sales are slow here, and across the country, so brave is probably another adjective we might use for the town's project. We're scared but going ahead anyway, bravely.

Stan Miller Constructions has been tapped to build the infrastructure, and the Summit Combined Housing Authority is working with the town to develop and sell this project. The construction will begin as soon as possible, bids from local contractors are to come in this spring, and above-ground construction expected to begin this summer.

SCHA will be selling the lowest-income units, priced to sell at less than 80 percent of Area Median Income.

On Mar. 9, Mercy Homes, which had been contracted to developed the project, submitted a proposal to the Breckenridge town council for a subsidy of $2,613,142 for its help with development. Because the proposal shifted much of the market risk to the town, the council opted to terminate the development agreement with Mercy and move forward to develop the project without a third party developer utilizing town staff, a contract project manager/owner's rep, and phasing the project to be funded within the Affordable Housing Fund, according to planning staff

April 1, 2010 Builders Meeting to discuss project qualifications
April 2010 SCHA to increase marketing effort for first phase buildings
Finalize HOA budget/dues
Work with lenders to insure mortgage flexibility and options
April 2010 Evaluate design specifics (foundations, mech system, etc.)
April 19, 2010 Construction start (infrastructure)
April 21, 2010 Ceremonial Ground Break
April 21, 2010 Owners Meeting to confirm buyer commitment/qualification
May/June 2010 Rebid vertical
July/August Construction start (vertical)
Evaluate pricing (new AMIs)
Spring 2011 First units complete
Town Contribution:
The Town will fund the gap between the cost of the project and the sales r


The $8,000 tax credit is set to expire April 30. Information about this and the sale of deed restricted housing at valley Brook can be found at:
http://www.summithousing.us/   Summit Combined Housing Authority.

April STEAL
At the base of Peak 9, right in downtown Breckenridge, the Village with restaurants and commercial shops of its own is an incredible deal at $499,000. And this is for a two-bedroom, two-bath unit. On sale, is a one-bedroom condo at the Village going for $499,000. Other two-bedrooms are currently listing between $639,000 to $800,000.

The Village at Breckenridge is undergoing a $22 million assessment revamp, which includes
all exteriors, windows, decks and roofs. The seller of this fabulously central location is paying $90,000 of that special assessment.

The unit has more than 1,000 sq. feet, a deck and underground parking. It's a top-floor unit, so the views are incredible.

It's not my listing, just a great deal. Ask me for information about this fantastic property.

Burke, Dudick and McAtamney Elected to Breck. Town Council

April 6 more than 800 residents of the Town of Breckenridge turned out for local elections. Three seat were in play, and Mark Burke, Mike Dudick and incumbent Jennifer McAtamney received were the top vote counts.

Burke, 49, owns Burke & Riley's Irish Pub, The Liquid Lounge and The Clubhouse Restaurant at Breckenridge Golf Club. He joins Eric Mamula as a second restaurateur on the council.

Dudick, 45, co-owns the Grand Timber Lodge and Grand Lodge on Peak 7 timeshare businesses. One of the co-owners in Grand Timber, Rob Millisor, has been serving on the council for the past two years and chose not to run.

McAtamney, 42, was initially elected in 2006. She owns a small management business and has been the council representative on the Breckenridge Resort Chamber.

April 20 will be the next council meeting where the newly elected members will join Councilmen Jeffrey Bergeron, a writer and TV personality, Peter Joyce, contractor and Mayor, John Warner, DDS.

Results:
Mark Burke, 484
Mike Dudick, 326
Jennifer McAtamney, 315
Larry Crispell, 269
Dave Rossi, 269
Ben Brewer, 255
Rodney Allen, 148
Write-in, 11

Charter amendments:
Question "A" - Initiative and Referendum
Yes, 469
No, 149

Question "B" - Effective Date of Ordinances
Yes, 513
No, 110

Question "C" - Definition of Elector
Yes, 558
No, 71

Question "D" - Definition of Publication
Yes, 539
No, 114

Total votes: 814
Turnout: 21% of roughly 3,800 eligible voters