Great Location for a Low Price
The location of this week’s Bargain Buy is its best feature. For value seekers who like to be away from the city in a quiet setting with nice views, consider Cove Condo.The complex is in Summit Cove, just a few miles down the road from upscale Keystone. It is near hiking, biking and skiing and a historical museum is just across the street. The lake is within walking distance.Unit #32 is a top floor one bedroom. You enter from the nearby staircase which is right by the laundry room. A woodburning fireplace in a stone hearth is a nice feature of the cozy living area. It’s easy to imagine yourself curled up on a sofa with a crackling fire in your own little mountain getaway. Windows here look out onto the Gore Range across Lake Dillon.The galley kitchen has gold countertops and electric range. The refrigerator and microwave are newer. The twelve walnut cabinets are complemented by a pantry and additional shelving in a closet opposite the kitchen. The breakfast counter can seat two comfortably.The bedroom has a wall to wall closet. There are no windows here, but the separation from the living room gives privacy. Off the bedroom is a full bath with a mirrored medicine chest and a sliding glass tub enclosure.With a few personal touches and updating, this could be a great little home.It is one of the very lowest listings in the county right now, at $94,500. These are FHA approved, so a mere three percent down payment (available from the Housing Authority for qualifying locals) would result in a principal and interest payment of $565.27 per month based on a 30 year loan at 6.25 percent (6.46 APR) . There would be another $38.25 due in mortgage insurance, but with appreciation values in the county, you could get rid of this pretty quickly.The Homeowners Association provides cable TV, trash and snow removal plus water and sewer for $170 per month. Utilities average $50 per month.This 360 square foot condo is small but is a good start for a local or 2nd home owner for most of the above expenses are tax deductible.Why rent when you can invest in your future for the same price? CHARLOTTE CLARKE is the owner/broker of 4SaleByU in Frisco. She specializes in affordable housing options and old-fashioned service. Every other 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 email at Charlotte@Colorado.net. You can view all Summit County listings through her website at http://www.4salebyu.org.Visit my website at http://www.4SaleByU.org
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