Gateway Land & Development

Category Archives: Wolcott

Vail real estate

Property Tax notices will be going out this month and will reflect an increase after Eagle County voters approved four separate taxes increases in 2016.  The four property tax increases this year include:  Eagle County School District, Eagle County Ambulance District, Eagle River Fire Protection District and Gypsum Fire Protection District.

Your property tax increase will depend on where your property is located.  Everyone in the Eagle River Valley from East Vail to Dotsero pay the tax increase for the schools and the ambulance district.  The tax increase for the Eagle River Fire Protection District will be paid by property owners from Tennessee Pass to Wolcott and areas north and south inside that district.  They will also pay the increased school taxes and ambulance district taxes.  The Gypsum property owners will pay the increased school taxes and ambulance district taxes along with the Gypsum Fire District taxes.

Under Colorado’s tax structure, residential property is taxed at 7.9 percent and Commercial property is taxed at 29 percent.  The commercial property owners will pay considerably more in property taxes.

Property values continue to rise but your residential property tax rates will not go up more than the 2017 increase.  According to Mark Chapin, Eagle County assessor, your residential property tax rates may decrease and here is why:  Under Colorado Gallagher Amendment, residential property taxes are limited to 45 percent of all property taxes in Colorado.  Every other kind of property covers the other 55 percent.  To keep that equation balanced, residential property tax rates will likely decline in 2018, according to Mark Chapin.

For more information on real estate in the Vail Valley, please feel free to call:  Betsy Randall at (970) 401-3011 or visit our website:  www.gatewaytovail.com

This Colorado ranch for sale, located minutes outside Vail, Colorado and Beaver Creek, Colorado, affords blissful tranquility from 35.5 acres & boasts sweeping views of dramatic Colorado vistas & radiant colorful mesas.

Eagle River RanchSpectacular & rare, this land is within a gated community alongside the stunning Eagle River that is teeming with Brown & Rainbow Trout. With over 950 feet of river frontage this magnificent setting is a chance in a lifetime to own. Zoned resource for a single-family & detached caretakers, this property is primed for the ultimate Colorado ranch & river estate. Recently reduced to $895,000!!

Last weekend, these were just a couple of the fish that were caught on this property:

Fish at Eagle River Ranch, Vail Co Fish at Eagle River Ranch, Vail Co Fish at Eagle River Ranch, Vail Co

For more information on this spectacular Eagle River property, or for a personal tour, please contact Suzi Apple, Broker/Owner at 970.376.5417 or Apple@GatewayToVail.com

For more information on Vail Valley Real Estate, or to browse the entire Vail MLS, please visit GatewayToVail.com

Good morning and welcome to the last weekend in October!

Following are the stats provided on the Vail Valley MLS this morning…

NEW LISTING – Six new, 3 residential, 2 land, & 1 rental, pricing range from $2900-/mo to $999K.  Listings are in several areas, call for details.

PRICE REDUCTIONS – There are only two decreases from list price, one of $24,100- on a residential, & a price drop on a commercial building lease, call for details.

UNDER CONTRACT – Five properties have come UNDER CONTRACT with pricing ranging from $233,100 to $829K with one of those a partial ownership for $169K.

Finally, the SOLDS, Eleven new owners in the Valley. These SOLDS were purchased for $280K – $1.565M.  They are located in Avon, Edwards, Eagle, & Gypsum.

If you may be interested in any additional info, call me, 313 600 8330.

Thx  dean

Good morning…

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Trick or Treat day @ Riverwalk in Edwards for 10a-1p come on by for your TREAT!

Here are the stats as of this morning…

NEW LISTINGS – One new, a time share @ Four Seasons in Vail, about 3 weeks/yr…list price $280K

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PRICE REDUCTIONS – Four price reductions, 2 residential & 2 time share…2 residential are $20K & $54K…the 2 time shares $20K & $6500-

UNDER CONTRACT – Seven properties are now under contract, list prices range from $250K-$499K for improved properties and $65K-$269K for vacant land

FINALLY, SOLDS…Eleven are now sold…residential improved sold prices are from $367,500- thru $9.5M…land which has sold ranges from $180K to $360,500-

If you have any questions or would like more info…

CALL ME @ 313 600 8330

Enjoy your day!

dean quint

Gateway Land and Development Real Estate

Good morning, here is what is showing up in the Vail MLS STATS this morning…

SOLDS – 13 properties have closed and now have new owners, 12 residential ranging in price from $177K in Leadville to $9.375M in Vail.  One vacant parcel in Red Cliff has sold for $220K.

As for UNDER CONTRACT, there are 10 Listings which offers presented have been accepted and now will continue through the process and likely become solds.  All are residential and they range in Listed Price from $315K to $3.795M.

PRICE REDUCTIONS number only 3, two have decreased the asking/Listing price by $20K and another by $8K.

Finally, NEW LISTINGS on the market are a huge, 1.  It’s one you may want to see, a $2.265M in Vail!

Whether your looking for a better deal with taking advantage of a PRICE REDUCTION, ready to LIST your property, or just looking and want to see a Newly Listed home or some other Listing still on the market, CALL ME TODAY.  I’ll help you through the process and get you into your next property in the Vail Valley.

DEAN QUINT  313 600 8330

Hi & good morning,

Wednesday morning here in the Vail Valley we experienced our season’s 1st dusting of snow to blanket most if not all of the ground at least from Edwards to the East.  Of course it was short lived and only at the upper elevations is it sticking, the rest has melted.

Here are some stats as of this morning according to the Vail MLS.

SOLDS – 11 properties have sold, ranging in price from a parking spot in Vail for $100K- to $999K for a single family home in Singletree.

UNDER CONTRACT – 8 new UC properties are reported ranging from $124900- for a lot in Red Cliff to $850K up in Beaver Creek for a ski in/ski out.

PRICE REDUCTIONS – Two price reductions one for $50K the other for $19100-, worth looking at for a better deal.

NEW LISTINGS – 7 new listings range from $449K for a 3 Bdrm 3BA in Edwards to $4.3M for 360+/- Acres near Dotsero with an improvement on it.

If interested in these or any other property in the Vail Valley or surrounding area give me a call and I’ll do my best to answer your question or will find the answer if I don’t know it!

Have a good week…

Dean  313.600.8330

WOW!   12/5/6/5  This morning shows 12 new SOLD properties, 5 UNDER CONTRACT, 6 PRICE REDUCTIONS & 5 NEW LISTINGS.  In recent days the market continues to move along with plenty of properties available whether it be for land, a permanent primary residence, second home or time share for summer/winter fun.

Vail Colorado Real Estate for sale

Vail Colorado Real Estate for sale, 115 Alhambra Place

SOLDS are for the past several days and range from around $285,000- up to over $14,000,000-.  It is quite a range of property values for sure.  What is important simply is there is a property out there for you most likely at a price which is affordable for you.

UNDER CONTRACT properties are those pending with an accepted offer by the seller from a buyer and they are now working through the process to meet all of the contractual terms, be it an inspection, financing, or it could be one or more of many other terms to yet be fulfilled.  Some meet all the requirements and move to the SOLD category others do not and may then return to LISTINGS back on the market.  The range of listed properties UNDER CONTRACT are from $275K to over $2.2M.

PRICE REDUCTIONS on average is $42,650- of Listed properties.  Keep in mind the spread of Listing prices are from the $400K to over $2.4M.  Regardless, there are motivated sellers and is this the time for you to make your move?

NEW LISTINGS on the market are located from East Vail to Gypsum.  They range in listing price from $465K up to $3.2M.  Is this in your price range?  Could this be one of the areas you are considering?

59 Jacksons Path, Vail Real Estate

Vail Colorado Real Estate for sale, 59 Jacksons Path

Give me a call or stop by the office today in Edwards.  I’ll be happy to assist you whether you are interested in buying or selling in the Vail Real Estate market.  My number is 313.600.8330 and I will be in the office today until 5pm.

Have a delightful day!

Dean Quint

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Hut to Hut hiking offers a very unique and exciting wilderness adventure in EagleSummit and Pitkin Counties, without having to rely entirely on your own means! Most of the Huts are within a 7 mile radius from the trail head with a 700-2,800 vertical foot climb. Be sure to visit the 10th Mountain Division Hut Association Colorado to make your personal or group reservations and to create your own, customized adventure! (970) 925-5775

You will need to pack in your own sleeping bag, water, food, personal gear and an emergency kit. Be sure to pick up a Summer Huts & Trails Topo map!

Included with the Huts: wood burning stoves for heating and cooking, propane burners, photo-voltaic lighting, cooking and eating utensils, kitchen supplies, mattresses and pillows.

The 10th Mountain Division Hut Association Colorado maintains a total of 34 Huts.  All 34 Huts are available during the winter season for snowshoeing and cross country skiing, etc. In the summertime, access is limited to 21 Huts. Be sure to plan your trip soon to ensure reservations!

 

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We are excited to introduce our newest Winter 2016 Vail Real Estate Buyer’s Guide. We have an incredible selection on properties for sale, from ski-in/out condominiums to sprawling Colorado ranches to golf estates to river properties and more!

Real Estate Buyers Guide

 

For your own copy please email me and I would be happy to send you one today!

Happy New Year to everyone and for more information on Vail Valley properties and homes for sale, please feel free to contact me anytime!

View all Vail MLS listings at: www.GatewayToVail.com

Ashley Apple Smith, 970.376.5742  //  Ashley@GatewayToVail.com

WASHINGTON (July 9, 2015) — Real estate like-kind exchanges are an important vehicle for disposing of and acquiring properties and support the nation’s financial growth, job creation and economy, according to a new report from the National Association of Realtors®. The Like-Kind Exchanges: Real Estate Market Perspectives 2015 survey of NAR’s commercial and residential members found that real estate investors and commercial property owners place a very high priority on current like-kind exchange tax rules; 40 percent indicated that transactions would not have occurred in the absence of the tax provision, and 56 percent said even if the project would have occurred it likely would have been smaller in scale. Realtors® are active participants in like-kind exchanges; 63 percent of Realtors® participated in a like-kind exchange transaction between 2011 and 2015.

The survey found that like-kind exchanges in which Realtors® participated created between 10 and 35 new jobs, mostly resulting from spending on building improvements following acquisition. “Like-kind exchanges that allow investors and businesses to defer capital gains taxes on the exchange of similar properties bring great advantages to investors, real estate markets and the economy,” said NAR Chief Economist Lawrence Yun. “Realtors® and their clients often look for better economic use of existing properties that are underutilized, which helps promote local economic development and increase the nation’s gross domestic product.” Internal Revenue Code Section 1031, a provision that has been in the tax code since 1924, provides individuals and businesses with critically needed tax deferment on gains after the disposition of a property as long as the proceeds are reinvested in a similar property through a like-kind exchange. Replacement properties must be identified in 45 days and the transaction completed within 180 days.

Survey respondents said the primary reason that they or their clients participated in a like-kind property exchange, aside from the deferral of capital gains taxes, was for equity to acquire additional properties. Other reasons were for estate planning, portfolio diversification and completion of a development project. The tax savings resulting from like-kind exchanges are also helping bring more capital into local markets. Eighty-six percent of respondents said the savings from tax deferment allowed them or their clients to invest additional capital and make improvement in their acquired properties; these investments are generally responsible for the creation of new jobs, such as in construction and property management.

According to the survey, in 68 percent of like-kind transactions, Realtors® acted as a broker or agent, and 24 percent participated as an owner or investor in the transaction. A larger percentage of commercial members (76 percent) reported engaging in a like-kind exchange transaction compared to residential members (45 percent). Of the total, 40 percent participated in between 1 and 3 transactions, and 23 percent participated in 4 or more transactions. Residential properties comprised the largest portion of recent deals, accounting for 27 percent of disposed properties and 24 percent of acquired properties, followed by apartments (17 percent of dispositions and 22 percent of acquisitions). Land assets accounted for 19 percent of dispositions and 17 percent of acquisitions; retail properties accounted for 8 percent of dispositions and 13 percent of acquisitions; and office buildings comprised 11 percent of dispositions and 10 percent of acquisitions. Investors tend to hold on to their properties for several years; 47 percent of respondents reported their holding period was between 5 and 9 years, and 27 percent indicated a holding period of 10 to 14 years.

NAR believes like-kind exchange transactions are fundamental to the real estate investment sector, and repealing the tax provision would have negative effects across real estate markets and the industry. “Like-kind exchanges help investors more efficiently allocate capital and resources with less borrowed money into new investments that drive economic activity in communities across the nation,” said NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark. “Any tax reform plan repealing like-kind exchanges would hurt investors and small businesses, increase financial leverage, weaken growth and the economy, and result in the loss of jobs.” Survey respondents indicated that repealing like-kind exchange tax provisions would reduce equity in real estate; 67 percent indicated repeal would lead to a large increase in financial leverage. Realtors® said the negative result would be reduced purchase money and new construction loans, and increased property holding periods. Ninety-six percent of Realtors® also said real estate values would decrease if like-kind exchange provisions were repealed.

The National Association of Realtors® Like-Kind Exchanges: Real Estate Market Perspectives 2015 report is based on a survey of 49,593 commercial practitioners and 55,160 residential practitioners (total sample size of 104,753) in January 2015, which generated 3,450 responses from all 50 states and the District of Columbia. The survey had a response rate of 3.3 percent. The report is available at www.realtor.org/reports/like-kind-exchange-survey. The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.