Wednesday, November 24, 2010
Bank owned - REO (post foreclosure) home deals are seeing price drops, especially in the rural areas of Steamboat Springs. Willow Creek Pass Village located 30 minutes North of Steamboat Springs and 5 minutes from Steamboat Lake State Park, provides year-round recreation opportunities for skiers, snowmobilers, hikers, bicyclists, hunters, cross country skiers alike. The neighborhood has seen eleven sales since December 2007 from $400,000 to about $1,000,000. This house at just $150,000 is a bargain at just $75.00 per sqft. Willow Creek Pass is a village of around 140 single-family homes with vacant lots for about 350 more homes. The 8,000 foot elevation provides amazing views of the Zirkel Wilderness, forests of Aspen and Spruce. There is water and sewer to the most of the lots and covenants protect land values, with an HOA (Home owners association to maintain the roads including snow plowing).