New homes to be auctioned
Steamboat Springs — Hayden developers will auction off homes and land next month to help launch three new subdivisions.
“All three projects are at the point where we can start vertical construction,” said Roger Johnson, who is leading the marketing efforts for the Villages at Hayden, The Cliffs at Steamboat and Hidden Springs Estates.
The auction will be held at 1 p.m. Nov. 19 at the Steamboat Grand Resort Hotel and is being conducted by Sheldon Good and Co. Auctions.
Johnson said he and his development partners wanted to do something different and chose to hold an auction. They wanted to create exposure, and by going with a national auction company, they aim to reach the national market.
“It’s an excellent opportunity for someone to come in at an excellent price,” Johnson said. “In some ways, it’s the fairest way to establish value.”
Five homes to be completed by next summer in the Villages at Hayden will be auctioned absolute, or regardless of price. As many as 25 other homes and 35 building sites will be part of a traditional auction.
Although Johnson said the auction is a way to publicize the development, there already has been a lot of interest in the Villages at Hayden development. There are 86 homes being built in the first part of the development and 18 of those are spoken for. It is the first filing of the first phase of construction in the entire project, which is expected to take at least 12 years to complete and could have as many as 2,000 new homes on the south side of Hayden.
“Our concept with this project was to create an affordable home on a lot of different levels,” Johnson said.
Opening bids will range from $75,000 to $175,000 for homes that will have an expected market price of $250,000 to $550,000. The lots priced from $65,000 to $120,000 will have opening bids from $19,500 to $39,500. People wanting to bid on those homes will have to be pre-qualified and have 5 percent of the suggested opening bid as earnest money.
“The most interesting part of it is we’re having a blue print auction,” said Sheldon Good of the auction company.
It’s called a blue print auction, he said, because the homes are not built.
There will be three lots auctioned absolute at The Cliffs at Steamboat, which is a 4,000-acre development 17 miles west of Steamboat on the south side of the Yampa River. The lots are 35 to 50 acres.
At Hidden Springs Estates, five 5-acre home sites will be auctioned absolute. The gated community is being built west of the Villages at Hayden.
Site inspections will be given from Oct. 18 to Nov. 18. The sales offices will open on Oct. 18 in Hayden at Poplar Street and Jefferson Avenue and in Steamboat at Yampa Valley Homes & Land, 3150 Ingles Lane. Information and brochures can also be obtained from Sheldon Good and Co. at (303)740-6050.
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Steamboat Springs has produced nearly 100 winter Olympians, more than any other town in North America. That fact is everywhere, plastered on websites and informational boards across town.