On the Market: Site of August duplex fire downtown for sale | SteamboatToday.com

On the Market: Site of August duplex fire downtown for sale

— A downtown Steamboat Springs property that was the site of a duplex fire in August 2010 is under contract to be sold.

The National Federal Mortgage Association, commonly referred to as Fannie Mae, had recently reduced the price of the 0.16-acre property at the corner of Fourth and Oak streets to $314,900. It sold for $832,000 in October 2006 and was going through the city planning process with the intention of developing green-built luxury townhomes on the property that is one block off of Lincoln Avenue.

In August, 18 people were evacuated when the fire broke out in one of five older duplexes on the property. The homes, built in 1949 and remodeled in 970, stood out in Old Town because of their ochre yellow stucco exteriors.

Marketing material for the property indicates the fire-damaged housing units on the property would need to be removed by the new owner.

The land is zoned commercial/residential and is within quick walking distance of the downtown post office and the Routt County Courthouse.

Steamboat Springs Fire Marshal Jay Muhme said a plastic bucket with a solvent or gasoline on the back porch likely caused the fumes that fed the Aug. 14 fire. The American Red Cross helped the 18 residents find temporary housing.

Village at Steamboat dominated 2010 sales

Wyndham Vacation ownership’s timeshare resort in Steamboat Springs, The Village at Steamboat, finished the year quietly without a single sale in December and still dominated interval and fractional sales here last year.

Bruce Carta, of Land Title Guarantee Co., reported that The Village finished 2010 with 978 transactions with a combined value of $70 million.

Interval/fractional dollar volume for the year was $94.35 million, according to Carta, who relies on figures from the Routt County Assessor’s office.

The next closest project in terms of dollar volume was One Steamboat Place, which represents a luxury market in contrast to the Middle America demographic The Village occupies. One Steamboat Place generated $18.6 million in sales from 45 transactions for an average transaction price of $414,356.

2 homes receive building permits issued in January

Historically, the first month of the year has not been an active time for building permits being pulled at the Routt County Regional Building Department.

But just two permits for new home construction were issued last month. They included a home in the south valley with a permit valuation of $464,430 and another in the city, a garage with a dwelling unit above, valued at a little more than $100,000.

The city saw five permits for alterations to existing homes and the county saw three.

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