Affordability in Dillon
Bargain Buys.BY CHARLOTTE CLARKE
Are you looking for affordable housing? Don’t overlook the improvements at Dillon Valley East. The homeowners association has added a hot tub to the clubhouse and sidewalks along the road. The bus stops in more places now, too. Big news also is that washers and dryers may now be placed in units.Many first-time buyers find that the price for square footage and location are really worth the effort to search out a nice unit. Today’s one bedroom is just $92,000, but others without some of its upgrades start at $85,000. Unit 205H is a walk-in. You enter from your assigned parking place. It has pegs and a bench outside the front door, but inside the entry out of the weather. It has new paint and has been professionally cleaned. The large kitchen has a new dishwasher and refrigerator. A microwave adds convenience. Counters and 19 cabinets are white. All flooring is in good condition, and much of the dark paneling has been painted to brighten the unit.
The full bath has a ceramic tile tub surround and a separate vanity.A wood stove in one corner of the large living room will warm you on cold evenings; heat is included in the monthly dues. There are nice views of the Gore Range from your own deck.
Many buyers are avoiding mortgage insurance by getting two loans these days. That means you put more in your savings account (interest is tax deductible when you file with the IRS).The homeowners association provides heat, cable TV, sewer/water, snow and trash removal plus building insurance for $256 per month. This also includes on-site management and clubhouse upkeep. Electric adds about $25 per month. Taxes were $344 last year for this 584-square-foot condo.
With 5 percent down at 5.625 interest for 30 years, the monthly payment would be $503.12. APR would be 5.74 percent.This is the nicest unit at this price. See it soon.
CHARLOTTE CLARKE is the owner/broker of 4SaleByU in Frisco. She specializes in affordable housing options and old-fashioned service. Each week she selects a bargain feature from the many properties listed around Summit County. She can be reached at (970) 376-5153, (866) 668-1312 or by e-mail at Charlotte@Colorado.net. You can view all Summit County listings through her website at http://www.4salebyu.org/.
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