Vermont

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

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.

 

 

 

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.

Maintaining Septic Systems a Must

Maintaining a septic system is not complicated, and inexpensive compared to replacing a system, which can cost upwards of $25,000 or $30,000 depending on the system.  They've become much more expensive to replace, as design and permitting requirements have changed over the years.  If you have an older system, you want to take even more care to maintain.  So, what should you in the way of preventative maintenance?  The following are recommendations from the professionals, including septic engineers:

  • Make sure you pump your septic system regularly.  Ask your local septic service provider how often that should be, because it depends on your system and the size of your tank and number in your household.  On average, it should be about every 3 years
  • Only flush toilet paper.  No feminine or baby wipes/diaper products
  • Garbage disposals are not good to use if you have a septic system
  • Make sure you are not putting any grease or paint or solvents down your drains
  • Using natural cleaning and laundry products will help sustain the integrity of your system. Your system contains living organisms that digest and treat household waste. Pouring toxins down your drain can kill these organisms and harm your septic system.
  • Use water efficiently.  Think about installing energy efficient fixtures.

Taking care of one of your most valuable systems will help ensure its longevity.  If you are thinking of selling at some point, be aware that most buyers and their offers will include a condition for you to pump and scope the system.  Knowing ahead of time that your system is in good working order, can alleviate any stress that might occur otherwise, during the selling process.

For more information and detail, you can go to this website.

 

 Source: EPA.gov

 

Newly Built Homes in Stowe VT

Buyer demand is still high for home buying, but home inventory is at the lowest level we've seen in years.  There is new construction happening in Stowe, and in Morrisville though, in a wide range of pricing. 

One of the latest additions is a beautiful new custom crafted home at 90 Francis Lane, in Stowe Club.  This luxury home is almost complete, and will be ready for ski season!  Handcrafted with exceptional features, and a wrap-around deck to take advantage of the sweeping mountain views surrounding, this home is located in one of the best areas in town. Ideally situated between Stowe Mountain Resort and Stowe village, you will have easy access to everything you are looking for, including golf, the recreation path, restaurants shops, skiing and more. Once this is sold, the same builder will begin the build of 95 Francis Lane; a great option for a buyer who wants to build a custom home in the Stowe VT. Purchase it now and work with the developer to create the home of your dreams.

Another great option in the Stowe Club community is 55 Benjamin Trail. Completed in 2017 this new construction home is ready to move in with 4 bedrooms, a den, fireplace, and full basement ready to be finished to your needs. 

For those looking for new construction at an affordable price, Tinker Farms is a new development located just over the Morrisville line on Elizabeth Lane. Here you will find a unique opportunity for a brand new high quality constructed home in a pastoral setting which features a large community pond, open meadows, mountain views, and mature trees.  These new homes will range in price starting at $389,000.

Take advantage of the beauty and benefits of a new home in the Stowe area with any of these choices.  The builder can customize to suit your needs.

For all of the inventory in the area, you can search on our website here.

Mountain Adventure Lifestyle in Stowe

      

Nowhere in Stowe will you find nine acres and a multi-use dwelling on 1/4 mile of river frontage, at the base of Mt. Mansfield, in Stowe. Live a mountain adventure lifestyle by skiing, riding, snowshoeing or mountain biking, virtually to and from your back door. You can easily access miles of groomed cross country and endless back country ski trails, many of which connect to the Trapp Family Lodge trail network.  Other year-round activities in the area include hiking, swimming, birding, bouldering, fly fishing, and more.

This genuinely unique property is steeped in Stowe's mountain culture and history, fascinating enough to draw guests in to enlighten. Multiple bedroom and bathroom options offer a wide array of residential and commercial possibilities.  For more information including location and pricing, you can visit our website.

 

Village Living, Stowe and Morrisville

There are so many benefits to living in the village, especially in northern Vermont.  To be within walking distance to so many places offers convenience and a multitude of opportunities, from dining and shopping, to enjoying cultural activities, and kids being able to walk or ride their bikes to school. 

Real estate inventory remains low, especially for village properties.  The following are two recently listed homes - one in Stowe, and one in Morrisville - which are ideally located to take advantage of all that village living has to offer. 

  

Thomas Lane, Stowe

This new Stowe Village home provides ease of ownership, and is located on a paved street with sidewalks. Modern living will engulf you as you enter the open living area of this Vermont style farmhouse which is highlighted by hand crafted custom finishes throughout. The chef’s kitchen is open to the living room allowing you to entertain guests while you prepare the evening’s dinner. Gaze out the window to the trees and your scenic backyard. The master suite has plenty of room with a large walk-in closet, luxury tiled bath with a large shower. A walk-out lower level is fully finished, complete with another custom bathroom. Spend your evenings on the front porch watching the days end or kick off the night on the back deck with a BBQ with friends. 

For more information on this property, including photos and virtual tour, you can visit our website.

Union Street, Morrisville

This conveniently located, adorable downtown Morrisville home offers loads of charm and plenty of space. With 2 nicely appointed bedrooms and a swing space that can function as a den, office or guest room you will find living here very comfortable. Well maintained throughout with solid wood doors and plenty of character. Finish the walk up attic space into a large master suite or extra living space. Walk to town for a cup of coffee, grab a slice or sandwich, all just a block from home. This home has all you need right at your finger tips!

To find out more about this charming village home, you can visit our website.

 

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Low Housing Inventory Got You Down?

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Many active buyers, means low inventory, and a fast moving market!  Buyers continue to find themselves challenged by the limited options of homes for sale.  So, many are turning to purchasing land, and building.  There is currently a wide variety of properties available, and there are many exceptional builders and architects to choose from, providing the opportunity to build the home of your dreams.  Click through the photographs or visit our website to find out more about these and other beautiful, ready to build on land parcels. 

                      

 

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