Homes in Milner hot commodities
Milner — When Annette Hall listed a modest home in Milner for $320,000 on behalf of her client, she hoped they weren’t expecting too much. She didn’t need to worry.
The home was on the market for one week, attracting multiple offers, and ultimately sold for $10,000 more than the asking price.
“I thought it was too high – I really did,” Hall said. “In hindsight, I wish I’d bought it myself.”
The 2,016-square-foot, raised ranch home was built in 1979 on a lot measuring 0.59 acres. It has three bedrooms and one bathroom.
Hall, who is with Prudential Steamboat Realty, said she both listed the property and brought the buyer to the table. The buyer was already living in a mobile home in Milner and looking for an opportunity to move up, she said.
Although the sale price took Hall by surprise, it slots in pretty closely with anticipated prices for 13 new manufactured homes being developed in unincorporated Milner.
David Combs and his daughter, Kelda Combs Wall, are developing and marketing the homes.
Those homes can range in price from about $325,000 to more than $475,000 depending on how many extras the buyers order from the factory, Wall said. Purchasers of the lots do not have the option of using a different contractor, she added.
Ron Wendler, of Colorado Group Realty has the listings. He said the lower cost of land in Milner, 11 miles west of Steamboat Springs, and the Combses’ ability to deliver an attractive manufactured home product, make them much more attainable than anything on the market in Steamboat.
“There’s no way you could get it done in town,” Wendler said.
His point is illustrated by the sale this month of a single-family lot in the Whistler Meadows subdivision in Steamboat for $325,000. The building lot is in a neighborhood of homes occupied predominantly by working families who are full-time residents.
Wall said she and her father are listing a 1,500-plus-square-foot home in their Milner subdivision for $375,000. It has three bedrooms, a two-car garage, gas fireplace, bay window, a 12-foot-by-12-foot deck and vinyl siding.
Nearby, a larger home with upgrades sold for $428,000, Wall said. The buyers added to the cost by asking for three, instead of the typical two, 25-by-125-foot lots from the original plat in Milner. They also opted for a full basement under the 1,500-square-foot home and vaulted ceilings among other extras.
Wall emphasized that her father is motivated to keep the homes attainable for residents of the valley.
Hall said she was anticipating another closing in Milner this week, again with competing offers. Her recent experience tells her that buyers can’t afford the luxury of submitting offers below the asking price in the competitive market below $400,000.
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Steamboat Springs is expected to finish off July with slightly more precipitation than in previous years.