Property Q&A in 80435>Question Details

Craig, Home Buyer in Kansas City, MO

I am interested in a 2 br, 1 or 2 ba condo in the dillion / kestone area. What are the average HOA fees?

Asked by Craig, Kansas City, MO Tue Oct 14, 2008

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This question is about this property: http://www.trulia.com/property/1064041765-983-Straight-Creek…

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Hi Craig,

I just started having Dillon questions forwarded to me, and I see Jason already gave you a very good anwer. I'll through in one more tidbit. Besides the HOA fees, which can be equivalent to another $100,000 in debt, also take a look at the potential rental income. At the price you are looking at you can pick up a 2 bed/ 2 bath unit at Keystone or Breckenridge that will yield a much higher short term rental income than the Straight Creek property you referenced. Depending on the unit you could expect around $20,000 after management fees for a unit at that price in Breckenridge. Depending on your down payment you could be close to cash flow positive. We are finally in a buyer's market here and there are great opportunities. You can check out my website at JoanInBreck.com for properties, market trends and statistics. Good luck! Joan Miller, Re/Max Properties of the Summite, Breckenridge Colorado.
0 votes Thank Flag Link Fri Nov 27, 2009
Craig,

The answer to your question is they can vary greatly based on location and amenities included. Dillon tends to be lest than Keystone due to amenities offered and location cost are less.

For example typical Dillon HOA fees run between $200 and $450 per month and can typically include Water, Sewer, Snow Removal, HOA common property taxes, HOA common area insurance & Cable.

Keystone HOA fees typically are $300 to over $1000 per month and would typically include the same amenities and fees.

However they may also include Heat / Natural Gas, Common Pool & Hot Tub, Gym, Tennis Courts Concierge service & other amenities in high end resort facilities.

You are welcome to contact me on any specific property or building and I would be more than happy to pull the information and send it to you.

Hope this helps

Jason Long
The Long Group - Omni Real Estate
0 votes Thank Flag Link Tue Oct 14, 2008
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