Nestled in the top Northwest corner of Colorado is Steamboat Springs. A small mountain town with roughly 12,000 year-round residents, Steamboat Springs is known for its signature champagne powder and producing more Olympic athletes than any other city in the United States.
With an active, outdoor lifestyle at your fingertips in Steamboat Springs, it is no wonder that so many people are drawn to the homes for sale in this part of Colorado so that they can enjoy an outdoor lifestyle in a beautiful setting.
Trends in Houses For Sale in Colorado
According to www.realtor.com, there are currently 542 houses for sale in Steamboat Springs with a median listing price of $649,000, or roughly $282 per square foot.
In 2015, home sales hovered around the $600,000 marker before dipping in 2016, to the $400,000 marker. By late 2016 and in to 2017, prices were clearly rebounding and starting to climb again to the $600,000 range except for one short period in mid-2017 when prices hovered around the $500,000 marker.
Selecting A Realtor
Whether you are looking to purchase a second home for weekend ski trips or you want to upgrade to a larger single-family home, step one for finding the right house for sale in Colorado, is finding the right Realtor.
It is important to select someone with knowledge of the local market, and experience with both buying and selling homes to help guide you through the real estate transaction process. If you are looking to purchase a property as an investment, it is also valuable to select a Realtor, with experience in that area as well.
In Steamboat Springs, that agent is Sunny Brstina of Sotheby’s International Realty. Sunny began as a real estate investor here in Steamboat Springs in 2005 and has helped hundreds of clients buy and sell their homes over the years. In addition to being a seasoned agent with knowledge about all facets of the real estate transaction process, Sunny also holds a Master’s Degree in Information Systems, which gives her an edge with technology and marketing tools to make sure that your property gets the best exposure possible and so that she can assist her clients with finding the perfect home from all the available ones.
Homes For Sale in Colorado-Investment Opportunity
Currently, Sunny Brstina has an amazing home for sale in Steamboat Springs, Colorado that is a rare investment opportunity.
On December 15th, Sunny Brstina listed 2965 Ski Trail Lane for $1, 595,000 (MLS #3150093). This exquisite home in Steamboat Springs includes 3 separate units, totaling 9 bedrooms, 5 bathrooms and 5100 square feet.
Located just a half mile from Steamboat Springs’ Mount Werner ski area, this home for sale in Colorado is more than just a large property- it is an investment opportunity that is priced to move.
This home is offered fully furnished, with the exception of art and some miscellaneous personal items, at $312 per square foot, making it a property with excellent rental income potential. With various possibilities for long and short -term rentals allowed, and NO HOA, the possibilities for this property as an investment are many. The current leases in place generate over $86,000 a year in income, proving that this property generates income without an issue.
Three Separate Units With Various Possibilities
To give you a small snapshot of how much money this property can generate, here is a breakdown of the three separate units.
Upper unit: 3BD/2BA, 2500 sq ft. Current lease rate is $2800/month.
Middle unit: 2BD/1BA, 1000 sq.ft, Current lease rate is $1600/month.
Lower unit: 4BD/2BA, 1600 sq.ft, Current lease rate is $2800/month.
*Utilities, internet, trash and snow removal are tenant responsibilities.
With these three different units, the possibilities are numerous. For example, you could maintain the existing long-term leases as a source of rental income, or you could transition to short-term or nightly vacation rentals and enjoy a higher rental income. Other options include: blocking out certain dates for your own use and leasing two of the units on a long-term or short-term basis and keeping the third unit as your own primary residence or vacation home.
The middle-level unit was recently updated and is in excellent condition. Because the lower-level and upper-levels could both benefit from some updating, that fact was taken into consideration when this home for sale was listed.
Homes for sale in this area that are in very good or excellent condition are currently selling for an average price of $387 per square foot, so at $312 per square foot, this property is priced to sell.
As an added bonus, there is also a 0.25 acre parcel adjacent to the property that is listed separately.
More Than Just A Home For Sale
This property is more than just a home for sale in Colorado. When you consider the fact that this property has multiple units, various options for generating income, no HOA, sweeping views of Mount Werner in Steamboat Springs, is priced below market value, and has an ideal location, it is clear that this property is a great investment opportunity and one that will not last long.
To schedule a viewing of this amazing property, contact Sunny Brstina of Steamboat Sotheby’s International Realty at: 970.846.1574 or sunny(dotted)steamboat(at)gmail(dotted)com. Information about this listing at 2965 Ski Trail Lane and more can be found on Sunny Brstina’s website at: www.SteamboatHousesForSale.com
Take advantage of this investment opportunity today so that you aren’t left out in the cold.
Your Happiness Is My Motivation
Sunny Brstina | Steamboat Sotheby’s International Realty
Real Estate Broker
970.846.1574
sunny(dotted)steamboat(at)gmail(dotted)com
Website:www.SteamboatHousesForSale.com
www.MySteamboatSpringsHome.com
610 Marketplace Plaza, Ste 100
Steamboat Springs, CO 80487