This property is currently Pending and no longer available, however, to answer your question is going to take some explaining.
The properties in the Chateau At Antelope Ridge subdivision are not technically real estate as there is no real land ownership. These are known as Leasehold Title Interests in Land which means that you own the structure but you lease or rent the land it is on. It's easiest to understand if you think of it like a high end mobile home park where the homes don't move.
The Lease dues vary from around $350 to $450 or so depending on the size of the lot the structure is on and the lease dues for this property are $371/month. These monthly fees include...beyond the lot lease...Covenant Enforcement, Management, Snow Removal, the Pool and Clubhouse.
Something else to note is that because there is no land ownership properties in this sub area have dropped in value even before the market began to decline in 2007 as they are generally been viewed as non appreciating assets .
I hope this information is helpful
Brian L. A. Wess
RealtorÂ®, Broker Owner
CRS, CDPE, GRI, ABR, ASR, CSR, CNS, SFR, e-PRO
Military Relocation, Residential & Investment Specialist
Infinite Horizons Realty - Metro Brokers
Colorado Springs, CO
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You can also visit my website for the most up to date information on all properties currently available in and around the Colorado Springs area. http://www.ColoradoSpringsBestRealEstate.com
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