Stagecoach CO Real Estate

The Routt County commissioners voted recently to allow vault permits to be used in Stagecoach subdivisions without public water and sewer.  Here is an excerpt from the announcement to Realtors:

VICTORY!

SSBR & Stagecoach Lot Owners Squash MCWD’s Plan to Limit Sewer Vaults!

… Morrison Creek Water District made it clear property values would drop to near $1000 under the proposed plan, but that property values weren’t their responsibility. They also responded to SSBR’s letter to the County Commissioners in a power point presentation. They agreed to SSBR’s assertion that MCWD is unwilling to construct the necessary infrastructure for development. MCWD argued that in order to achieve development for all of Stagecoach, MCWD would end up in Bankruptcy again. MCWD also believes they cannot legally develop some subdivisions and not others. [Read more →]

The last two months have seen several land sales in Stagecoach and more great buys in Red Hawk Village.  If you want to know what properties are “best buys”, please contact us.

Here are the details for Stagecoach Colorado from September 1-October 31, 2009:

The Steamboat Springs Board of Realtors (SSBR) has issued a strong statement regarding the upcoming vote about the sewer vaults and Morrison Creek Water’s desire to get rid of them.

If you own undeveloped land in Stagecoach, you’ll want to read the statement in its entirety.  Here it is:

Tell Routt County Commissioners: Oppose Stagecoach Sewer Vault Plan!

The Issue

On Tuesday, November 17^th, the Routt County Commissioners will vote on whether to support a plan by the Morrison Creek Water and Sanitation District (MCWD) to limit access to sewer vault permits in the Stagecoach development, and allow no more than 30 permits for roughly 1500 platted lots in Stagecoach. The current regulations allow 600 permits.

SSBR Concerns with the proposal

SSBR is concerned that if the policy is implemented, a reduction in property values in Stagecoach could immediately ensue.

A reduction of sewer vault permits to 30, when it had been 600, will result in a property devaluation. We believe a property with a vault permit will be more valuable than one without a permit, all things equal.

SSBR is also concerned that the MCWD has been unwilling to construct water and sewer infrastructure necessary for development.

MCWD’s unwillingness to construct water and sewer infrastructure necessary for development is contrary to its responsibilities under the Special District Act. MCWD appears to have adequate capacity, no environmental emergencies, and is debt-free with reserves, so it could finance water and sewer extensions in the development.

SSBR Recommendations

• Postpone consideration of the Proposal until the Stagecoach Community Plan Update has been completed and adopted as a component of the County’s Master Plan

• Adopt a “cap and trade” program for vault permits

A “cap and trade” program would allow MCWD to cap the total number of vaults that will be allowed at Stagecoach, but allow permits to be transferred to another property owner in an area that sewer has not yet reached.

• Undertake expansion of Infrastructure

MCWD should adjust its policies and update its capital budget, seek appropriate financial support where available, and renew its effort to provide water and sewer.

• Allow for variances and exceptions

MCWD should allow for variances or exceptions to the restriction on Vaults to preserve the opportunity from property owners to install a vault in circumstances where there are no other feasible solutions for developing a property.

TAKE ACTION!

WE NEED A FULL ROOM AT THE COUNTY COMMISSIONERS MEETING AT THE HISTORIC COURTHOUSE ON TUESDAY, NOVEMBER 17^th at 5:30 PM. Please attend the meeting. Ask your clients to attend this meeting!

This is our final chance to change the policy and protect property values in Stagecoach!

Best Land Offer!  The seller of this lakeview lot in Meadowgreen @ Stagecoach wants to see offers.

Land sales in Stagecoach have picked up, with one on Shoshone Way in South Shore going under contract today.

This .65 acre lot has public water and sewer, paved roads, utilities to the lot line, and spectacular views.

It was originally listed at $149,000, and is now being offered at $89,000.

Call 970.819.6372 to see why this is one of the best values for Stagecoach Land right now.

Stagecoach CO Real Estate Update–What’s Sold and What’s Under Contract since May, 2009

Stagecoach has seen increased real estate activity in the past few months.  As prices come down, more buyers are entering the market.  Here are the details of what has sold and what is pending in Stagecoach:

Crystal Staepel is a Stagecoach resident/Realtor who wants to get the word out about the pending changes Morrison Creek Water would like to make with the number of Stagecoach vault permits.

She writes:

Everyone’s feedback and attendance at these meetings are so greatly important, if you don’t have anything to say your presence is a great impact.
If you need a copy of the proposal or would like to read any past meeting minutes, the Morrison Creek Water and Sanitation District the website is http://www.mcwater.org
I will do my best to update any further meetings as the schedules become available. It is also always in the legal section of the classifieds in every sunday Pilot http://www.steamboatpilot.com

Recently, Morrison Creek Water approved a proposal to limit the number of vault permits in Stagecoach for parcels of land less than 5 acres.

The Routt County Commissioners have not approved the proposal, and there is still time for public comment before a decision is made.

There will be a public meeting held within the next several weeks to hear public comment regarding the Stagecoach vault issue.  If you are unable to attend the meeting but would like to comment, you can email the County Commissioners.

August was another quiet month for Stagecoach real estate activity.

One home closed in Red Hawk Village and one went under contract on Rock Point Trail.  Both homes were under $400,000.

This echos the nationwide trend of lower priced real estate selling as people take advantage of the $8000 tax credit for first time home buyers and the more affordable prices for real estate.

Three lots were sold or went under contract. Two of the lots were in Horseback which is a beautiful treed neighborhood in Stagecoach.  Lots in Horseback were selling between $70,000-$80,000 just two years ago.  The lots under contract were listed at $30,000, illustrating how sellers have to price their land to get noticed. [Read more →]