Blog

Wire Fraud is Close to Home

Wire Fraud can affect all of us, and we want to make sure you don't become a victim.  It essentially boils down to one simple thing - if you receive a request to 'wire money' to anyone, pause and make sure to verify the source.  What is happening, is the wire fraud scammers are creating emails that fully replicate those that might otherwise look familiar to you, for instance, from us, your attorney, or lender.  They will send you a personal email requesting that you "wire funds for your closing", or other, only to be ultimately routed to a bogus account.  This has actually happened recently to a buyer and the representing real estate firm, in the region.  So, be aware, be vigilant, and if you ever receive any correspondence that appears to come from us or your attorney, please contact us immediately.  One of the ways you can flesh out this illegal procedure, is by looking at the actual email address in the email header.  In other words, if it looked like the email was coming from us - The Smith Macdonald Group - look to the right of that to see the actual address in parenthesis.  If it's a scam, the email address will not be a familiar one.  This rule of thumb can be applied to other potential junk mail or email scams, from the likes of Pay Pal, Amazon, etc., asking you to 'verify your account information', for instance.   Another tip is to not generate any sensitive information via email, including attaching instructions for wiring money into any of your or others accounts.  This information can be scraped, and used illegally.  Also make sure you have the proper Malwear protection on your computer to help identify cyber threats.
 

180 Hidden Valley Road, Stowe VT - For Sale

 

Aptly named Hidden Valley Road you will see all of Stowe Hollow valley, with the Worcester Range and Stowe Pinnacle showing off their spectacular sunrises and sunsets, from the expansive deck of this contemporary home. The WOW factor starts as you ascend the beautifully crafted wooden stairs to find an open floor plan, spectacular views from large windows, a stone fireplace, two sitting areas surrounding a large dining area, and to top it off, a gourmet cook’s kitchen. 
A large first floor master suite offers a well appointed bath and a huge walk in closet. The deck extends all around the front of the house including the master bedroom. This spacious home offers a remarkable upstairs, with a large sitting area between three more bedrooms and two large bathrooms. Find quiet enjoyment in the library/office. Luxury is the keyword for this home. Inside and out, the Sellers have paid attention to detail with custom cabinets, bookcases, polished cherry floors, a stone patio with a fire pit and hot tub. Perennial flower beds accent the lawn and a beautiful tree lined driveway meanders to the home. Versatility abounds in this home, and appeals to those who love views, open spaces, and luxury. A must see to get the feel of all its advantages.

For more information on this gorgeous property, you can visit our website.

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    She Put the S in The Smith Macdonald Group

    Peggy Smith is the Heart and Soul of the Smith Macdonald Group, and is the owner of Coldwell Banker Carlson Real Estate.  The Group was formed when Mckee joined Peggy in 2010.  It grew again when Maggie joined in 2016.  They have been #1 in the Stowe market for the past 3 years.

    The Smith Macdonald Group has consistently led the market, largely due to the reputation Peggy has built over the years, and her sheer hard work.  Peggy still works as much as she has, since she started in the real estate business over 40 years ago, so, she's ready to help with any transaction related to buying or selling. 

    Peggy can be reached at (802) 793-3566, or Peggy@Stowere.com.

    Are You Ready To Rent?

     

     

     

     

     

     

     

    Stowe, Vermont has always been a desirable destination for vacation, as well as for investing in real estate. Vail Resort's recent purchase of the Stowe Mountain Resort's ski operations has had an additional impact on growing interest in the area, year-round. Increased buyer demand, in many cases, includes the desire to rent which is a great way to generate income during the year when you, the homeowner, are not using the property yourself.

    Stowe has seen condominium sales, as well as prices, rise since the news broke about Vail Resorts purchasing Stowe. If you are thinking about purchasing and renting, or perhaps you are already doing so, there are some important things you should know to ensure your and your renters safety, as well as any potential liability you may have when renting:

    • Make sure to contact your insurance agent to include extra coverage for renters
    • Make sure to have the proper smoke and carbon monoxide detectors installed.  In Vermont photoelectric smoke detectors are need to be in every sleeping room
    • A rental property falls under Vermont State safety requirements, so you will need to have a Fire and Safety inspection. For more information go to the State website here: http://firesafety.vermont.gov/

    Please feel free to contact us any time regarding any questions you may have about anything that may relate to investing in properties, and/or renting.  The Town of Stowe is in the process of adopting some of these, and additional rules and regulations, so we can update you as well as guide you through this process, along with providing any key contacts to ensure your property is up to code and regulation.

     

     

     

    Mountain Homes in Stowe, Vermont

    This winter is already off to a good start.  It's been snowing off and on since Thanksgiving, and today we expect over 18" of snow in the mountains.  As we approach the holidays, many are thinking in advance of taking the time to search for their mountain home, in Stowe.  There are many choice properties available to consider.  This featured, handcrafted home has everything to offer, for the ultimate in country living.

    73 Mill Lane, Robinson Springs, Stowe VT | Asking: $899,000

    Pink hues of morning sun cascade across Stowe Mountain Resort as you wake for the day and check the ski and ride conditions from your master bedroom. Bask in the late afternoon sunsets over the Green Mountains as you sit and sip a nice glass of wine in the screened in porch, in summer.  Located just off the Mountain Road, this spacious home is ideal for those looking to take full advantage of all that Stowe has to offer. For more photos of this amazing property, a virtual tour, and more, you can visit the property profile.

    5 Bed | 3 Bath | 4.3 Acres

    For all of our other listings, you can visit our website here.

     

     

    Are you Thinking of Buying a Home in Stowe, Vermont?

      

    Where is the Best Bang for Your Dollar in Stowe, Vermont?

    Are you thinking of buying a home in Stowe? The village of Stowe is where it is happening, and the homes throughout the area are where you can find the best value and the best time for you and your family.

    Here is what is offered in the town of Stowe:

    • A variety of excellent restaurants specializing in local foods, craft beers, and wines
    • 3-plex movie theater serving cocktails while you enjoy the movie
    • Local theater groups performing all year round
    • Stowe Performing Arts with music at the Helen Day Art Center gazebo, and in the Trapp Family meadow
    • World class resort and world class skiing
    • Acclaimed Helen Day Art Center
    • Ski Museum
    • Vermont artisan stores
    • Boutique shops
    • One of the best mountain biking areas
    • Five star hotels, newly renovated ski lodge hotels
    • Miles of cross country ski trails, including the famous Trapp Family Lodge Outdoor Center
    • Summer festivals including British Invasion Car Show
    • Jazz Festival; and Art On Park throughout the summer season
    • Coffee shops featuring Vermont artisan coffees
    • Large farmers’ market
    • Maple sugar shacks for tasting and buying
    • Dog sledding, snowmobiling
    • 33 miles of Lamoille Valley Rail Trail (additional 60+ to be built) for biking and 4-season recreation, plus the award winning Greenway 5.5 mile bike path along the river.

    There are many more features offered, but the most important one is the community.  Stowe is not just a vacation destination.  When you own in Stowe you become part of a large neighborhood of year-round residents, as well as second home owners, who all work together to make Stowe the friendly community it is known for.

    When considering Stowe, the most notable aspect is the property prices. You are able to buy into a world class resort, a picturesque New England town, with an international airport nearby, a small airport capable of bringing in small jets, and an interstate from three major areas, New York, Boston and Montreal, for less than other comparable resorts.  And if you are looking for luxury homes, we have the best deals from $1,000,000 and $2,000,000.  Homes which include acreage, views, pools, tennis courts, streams, upwards of 3,000 sq. feet, multiple bedrooms, fine craftsmanship from Vermont builders, local woods, and granite from Vermont quarries.  These homes would be millions of dollars in other resorts, but not here in Stowe.  Our homes are tucked into beautiful settings with quiet and reserved elegance, where life is relaxed, the country air is clean and homeowners can enjoy the cosmopolitan flare of Stowe village and the Stowe Mountain Resort.

    Come Discover Stowe - one of the best kept secrets in the U.S.

    Vail Purchase Affecting Real Estate Sales

    Ever since Vail Resorts purchased the Stowe Mountain Resort operations, buyer demand for Stowe condominiums has increased.  In fact, condominium sales began to increase almost immediately after the news broke about the potential sale.  We continue to receive inquiries from buyers about investing in Stowe properties, yet inventory remains low.  We have represented the majority of of the condo sales off the Mountain Road corridor, and have sold all of our recent condominium listings.  With the advent of continued buyer demand for condominiums in the area, we are looking forward to marketing and selling more condominiums. 

    If you are thinking about selling your condominium or home, let us know, as this is the best time to do so.  We'd be happy to provide you with a market analysis, and help you sell your property. 

    In the meantime, if you're thinking of buying a new condominium in Stowe, here is our most recent listing.  This Fox Hill Condo is an ideal option for year-round or vacation living, conveniently located right off the Mountain Road.  This affordable 3 level condo makes for easy 4-season living - and one of the best benefits is the low monthly association fees!  For more on this new listing, priced at $250,000, click through to our website

    New Home in Stowe Recently Listed

    This has been a very busy summer for real estate sales, although, one that is still somewhat hampered by lower than normal inventory.  We've recently listed some gorgeous properties, one of which is featured below.  You will also find a link to our website showing the most recent homes we've listed, ranging from $230,000 to $1,495,000.

    611 Covered Bridge Road, Stowe VT | Asking: $895,000

    Splash in the pool, sun yourself on the flagstone patio, jump in the hot tub and look at the beautiful views of the Worcester Mountains; what could be more enjoyable?  How about a historic Vermont covered bridge to access this fully renovated luxury home.  The living room showcases a central fireplace with sweeping views on either side.  For more photos of this amazing property, a virtual tour, and more, you can visit the property profile.

    3 Bed | 4 Bath | 2 Car Garage | 3.4 Acres

     

    For all of our other new listings, you can visit our website here.

    Stowe Inventory Remains Low - Market Update

    As we approach the end of the 2nd quarter of the year, we thought we’d give a quick update on the market. A recurring theme continues - that of Buyer demand continuing to be strong, and inventory low. So far, the buying and selling season has already been a busy one. As we enter the most active period of the real estate sales market, this is a very good time to sell. Buyers are ready, and with the lack of inventory, they are looking for more choices. For Buyers, it’s still a good time since interest rates have remained at one of the lowest levels ever, and if prices rise, the sooner the better to buy.  

    As you may be aware, the Vail purchase of Stowe Mountain Resort operations was recently completed. Many ask if that has had an impact on real estate sales. It’s still a little early to be quantitatively definitive about that, but many are talking about it, and feeling that overall, it is of economic benefit to the region. In addition, we have been seeing a pretty clear positive impact in some segments of the market. When the news first broke about the impending sale, there was an uptick in sales of condominiums located near the Mountain.

    Since the start of the second quarter, there have been a total of 25 residential closings, which includes 16 condominiums. The price range is from $106,000 – $3.3 million, which is a Mountain Cabin, at Spruce Peak.  Currently there are 24 residential properties under contract, ranging in price from $199,000 - $1.495 million; 2 of the pending sales are over $1 million, 7 of them are condominiums.  

    This is just a overview, but if you are thinking of selling, it is a great time to list your property. If you are thinking of buying, new inventory remains tight and have educated representation in this market, will work to your advantage. Let us know if you have any questions, and how we might help you reach your real estate goals, and assist you through the process.

    New Stowe VT Residential Listings for Sale

    Real estate Inventory remains at one of the lowest levels we've seen in years.  Buyer demand remains high, and so does the expectation for new residential listings and choices.  As we enter into the spring selling season, more listings will be coming on the market.  In the meantime, here are a few special properties which we have just recently listed for sale, representing a really nice variety of choices for today's buyer:

    774 Barnes Hill Road, Stowe VT | Asking: $595,000

    Apple trees and natural landscaping accent the meadow on this 10 acres parcel.  Sitting on a knoll overlooking a large swimming pond, this Cape-style contemporary home has gorgeous views of the Worcester Range.  The master suite on the first floor looks out on the pond and a small screened cabin. The house is filled with light from the oversized windows.  For more details, including photos, inside and out, visit the property profile.

    3 Bed | 3 Bath | 2 Car Garage | 10.2 Acres

     

     

    152 Houston Farm Rd, Stowe VT | Asking: $760,000

    Surprising gem in the heart of Sugar House Hill. Just off the Mountain Road this home offers a quick trip to the ski hill, access to the bike path, close proximity to restaurants, and quiet beautifully landscaped surroundings.  Enjoy summer evenings or morning coffee on the screened-in porch.  The perennial garden and stone wall create a colorful accent to the view.  For more information, you can find out more about this property here.

    3 Bed | 3.5 Bath | 2 Car Garage | 1.56 Acres

     

     

    1275 Notchbrook Road, Stowe VT | Asking: $265,000

    A condo in the mountain high looking out to open sky. Oh so fun with outdoor pool heated in the winter, way cool! Windows looking to the view, plus the ski trails too. Everything is there for you, no upkeep to do. What could be easier than living here? Among the mountains and the deer.  Such a perfect place to be.  If you visit, you will see, that life in Notchbrook is the best.  A perfect place to enjoy a rest. Click here to learn more about this unique opportunity.

    2 Bed | 2 Bath | 1 Carport | 1400 Square Feet | Unit 21AB