Red Lady Realty - Crested Butte, CO

Red Lady’s View from Elk Avenue

Year-End 2017 Market Report

January 15, 2018
"2017 was the seventh year in a row where real estate sales improved over the previous year. From the low of 2010, the number of transactions are up 164% and dollar volume is up 217%." To read Broker and Owner Molly Eldridge's full recap of the 2017 Crested Butte Real Estate market, view the Quarterly Market Report here.


 

Real Estate Transfer Taxes in the Crested Butte Area

May 15, 2017
While the state of Colorado does not allow areas to create new real estate transfer taxes, there are some areas near Crested Butte that adopted a transfer tax before that amendment was passed.  Since these transfer taxes are calculated based on the purchase price, it is important to know if there is one that applies to a specific property as it could have a substantial impact on your bottom line.  How transfer taxes are split between the buyer and the Quick read more or view full article seller is negotiable so be sure to talk to your Realtor to determine how best to handle this in your Colorado Contract to Buy and Sell. 

In the Crested Butte area there are three transfer taxes.  

The first and largest is the Town of Crested Butte Real Estate Transfer Tax of 3%.  This applies to the transfer of any property within the town limits.  Half of this tax goes to the preservation of open space outside the Town limits of 1991.  The other half goes into the Town’s General Capital Fund.

The second area with a transfer tax is the Prospect Area of Mt. Crested Butte.  This includes Prospect Subdivision and Wildhorse at Prospect. This 2% transfer tax is collected by the North Mt. Crested Butte POA and then are transferred to Reserve Metro District No. 1.  The money is currently used to pay off some equipment and other debt regarding road construction as well as road maintenance expenses.

The third and final transfer tax applies to sales in the Grand Lodge, Lodge at Mountaineer Square & Elevation.  Funds are used to cover operating costs - snow removal, snow melt systems, landscaping, exterior grounds maintenance.  It is also used for promotion & events in Mt. CB - includes free summer music series.

The number of properties affected by a transfer tax is relatively low, but it is good to know before you decide where to buy if one might apply to your purchase.  As always, the agents of Red Lady Realty can answer any questions about this or any other topics regarding buying or selling in the Crested Butte area.  Contact one today! Read Less

Red Lady Realty's 16 Significant Sales of 2016

January 13, 2017
 
Each sale that we are a part of is unique and holds a special place in our hearts. We love Crested Butte and working to bring a piece of our mountain paradise into the lives of our clients is the most rewarding feeling. Whether it is helping the first-time buyer, the vacation homeowner, the investor, and everyone in-between, the team at Red Lady Realty is here for you.

Let’s take a look back at our 16 significant Quick read more or view full article sales of 2016.

#16. 719 Sopris Avenue sold for $899,000 #15. 24888 Hwy 135 sold for $899,000 

#14. 732 Gothic Ave sold for $965,000 #13. 4 Ruth's Road sold for $1,025,000 

#12. 829 Red Lady Ave Sold for $1,050,000 11. 1156 Ridge Road sold for $1,100,000 

#10. 10 Gothic Ave sold for $1,125,000 #9. 329 Maroon Ave Sold for $1,195,000 

#8. 921 County Road 317 Sold for $1,200,000 #7. 822 Whiterock Ave Sold for $1,285,000 

#6. 830 Sopris Sold for $1,300,000 #5. 2384 County Road 734 Sold for $1,350,000 

#4. 6 Glacier Lily Sold for $1,375,000 #3. 714 9th Street Sold for $1,695,000 

#2. 9 Ruth's Road Sold for $1,700,000 #1. 2 Peakview Drive, Sold for $1,850,000

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Big Air on Elk Party at Red Lady Realty

March 18, 2015
Red Lady Realty in Crested Butte Colorado hosted a client appreciation party before one of Crested Butte's favorite events on March 7, 2015.  Pictured above are the agents outside our office before the big event.

Each March snowcats move huge piles of snow around on Elk Avenue to prepare for Big Air on Elk.  This event allows spectators to watch as contestants are pulled behind a snowmobile to the edge of a giant jump where they perform amazing tricks Quick read more or view full article and hopefully land safely on the other side.  Because it happens at night and right in the middle of our main street, this is something you don't see everyday.

In what we hope will be an annual event, the agents of Red Lady Realty welcomed clients and friends for hot cocoa, drinks and appetizers before the main event started.  Usually the 2nd Saturday in March, please look for an invitation for next year's get together. Read Less

Crested Butte Cabin Sold

March 18, 2015
Molly Eldridge and Joe Garcia have successfully sold the home at 212 Sopris in downtown Crested Butte Colorado.  This home was listed by Molly for just under 8 months (less than the average time on the market) and sold for $1,025,000.  Joe represented the buyers who will continue to make the home available for vacation rentals through VRBO.

212 Sopris is a cute home with beautiful, mature landscaping is located in one of Quick read more or view full article the most sought after locations in Crested Butte.  Just one block from Elk Avenue restaurants and the bus stop to the ski area, you will enjoy easy access to all Crested Butte has to offer.  With 4 bedrooms and 3 ½ baths, this log home also has two living areas and a private backyard complete with a large hot tub.  Nice wood floors, cozy bedrooms, an airlock entry and a wood burning stove are just some of the features you will discover in this home.  The historic garage also offers many opportunities for someone who wants a fun project.

If you have a similar home you want to sell or if you want to find one to buy, please contact any of the agents of Red Lady Realty for more information. Read Less

Red Lady Realty Under New Ownership

February 22, 2015
Red Lady Realty is happy to announce that Molly Eldridge has purchased the business from Doug Kroft effective January 1, 2015.  Red Lady Realty is Crested Butte's Oldest Real Estate Company.
 
Doug Kroft worked hard to create a successful business that has served the community since 1978.  Red Lady Realty is your local, independent Real Estate Company and Doug will continue to be a part of it.  Please contact Doug if he can assist you with buying or selling real Quick read more or view full article estate in the area.  Thank you Doug, for all you have done through the years!

Molly Eldridge is a long-time business owner with roots in the community.  She and the team at Red Lady Realty look forward to continuing to provide you with the best service in town.  Same great location, same faces, with new energy and excitement!
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