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33705 Lone Pine Trail
Steamboat Springs, CO 80487
$7,500,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
4225
Property Description
From the quality of construction and thoughtful use of space to the artistic design and exquisite finishes, this home was designed to enjoy this spectacular private setting and stunning sunset views over Lake Catamount in understated elegance. You will notice European contemporary influences and artistic designer touches throughout the home. Walk through the front door and you are greeted with a framed view of Lake Catamount. The living room features high ceilings with a modern linear gas fireplace and built-in floating cabinetry. Poggenpohl is the leading brand for luxury kitchens in Germany and is featured here in this home along with sleek quartz counters, top of the line appliances. A large island provides lots of workspace and storage. This space offers more beautiful views and leads to a comfortable screened porch and covered patio. The main level primary bedroom is a decadent space offering privacy, dual walk-in closets, dual sinks, make-up vanity, jetted tub, and steam shower, plus a private deck. 2 additional bedrooms and baths are upstairs along with a large unfinished space currently used as an artist’s studio but could be transformed into any use that might be desired. Quality starts from the ground up and this home is designed for efficiency. Structural Insulated Panels (SIPs) comprise the frame, Warm Board radiant floor heating makes for low energy bills, the highest rated Low-E windows and Fujitsu A/C-heating units make for comfortable temperatures year-round. LED lighting is featured throughout, and fine finishes include Travertine and hardwood flooring, Sherle Wagner Design hand painted sinks and gold-plated faucets, and designer lighting fixtures. A 3-car attached garage will host your vehicles and toys. There are 2 ponds on the property, and you can hear the seasonal stream that meanders between and through them. You can hop on the hiking trail that leads to Catamounts yurt or enjoy fishing at the tailwaters of Catamount as an owner.. Basemen
Property Information
Lot Size
38 acre(s) square ft
Property Type
Residential
Year Built
2012
MLS Number
SS6265017
Location
Address
33705 LONE PINE TRAIL
City
Steamboat Springs
State
CO
Zip Code
80487
County
ROUTT
Listing
Provider
JOH Steamboat LLC dba Steamboat Sotheby's Internat, original listing
Name
JOH Steamboat LLC dba Steamboat Sotheby's Internat
Phone
(970) 879-8100
Office Name
Steamboat Sotheby's International Realty
Office Phone
(970) 879-8100
Agent Name
Pam Vanatta

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.