River Run Townhomes | Keystone | Real Estate
Below are homes for sale currently listed in the Summit County MLS in the River Run Townhomes subdivision in Keystone. Located about 74 miles west of Denver with a base elevation of 9,280 feet, Keystone is home to the Keystone Resort, and it's only a few miles from Arapahoe Basin as well. In addition to skiing and snowboarding, Keystone features so many activities, including a five-acre ice skating pond and two golf courses. As part of Keystone, the River Run Townhomes subdivision is just steps away from all of the outdoor, retail and dining experiences that the area has to offer.
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River Run Townhomes Real Estate
Frequently Asked Questions
To determine whether owners in River Run Townhomes are permitted to short-term rent their properties, there is generally a two-part analysis:
- Do the River Run Townhomes homeowners' association and governing documents allow owners to short-term rent? Yes. There is no provision in the bylaws, covenants or other governing documents for River Run Townhomes that would prevent owners from short-term renting their units.
- Does the local governmental authority currently allow a property owner to obtain a new River Run Townhomes short-term rental license? Yes. River Run Townhomes is located in unincorporated Summit County and is therefore subject to the jurisdiction of the Summit County Board of County Commissioners (“BoCC”). Summit County defines a short-term rental as any residential dwelling unit or room therein that is rented for periods of less than 30 consecutive days. On September 14, 2021, BoCC passed a temporary 90-day moratorium on the issuance of new short-term rental licenses. However, because Keystone is predominantly a resort community serving visitors to Summit County, BoCC created an exemption to the short-term rental moratorium for all properties located in the Keystone area. Accordingly, the River Run Townhomes real estate community and other Keystone property subdivisions all remain unaffected by the short-term rental moratorium in Summit County. New property owners in River Run Townhomes may continue to apply for and receive short-term rental licenses.
In sum, the River Run Townhomes homeowners association does not preclude owners from short-term renting their properties. Furthermore, the short-term rental moratorium does not apply to River Run Townhomes property owners; so, Summit County will continue to grant new short-term rental licenses to homes located in River Run Townhomes.
River Run Townhomes homeowners' association dues include the following expenses:
- Common area maintenance
- Common area management
- Common insurance
- Common taxes
- Snow removal
- Trash pickup
A real estate transfer tax is a payment to a governmental entity, which is sometimes made when a real estate transaction occurs. Real estate transfer tax is generally calculated as a small percentage of the total purchase price agreed on by the parties to a real estate transaction. Typically, we find in Summit County that the percentage is either 0%, 1%, 1,5% or 2% of the gross purchase price in section 4 of the the standard Colorado real estate contract. In Summit County, transfer tax funds help to pay for a variety of different community improvements. Whether the buyer or seller pays transfer tax is negotiable as part of each real estate transaction.
In River Run Townhomes, there is a 2% transfer tax. Dependent on contractual negotiation between the parties, either the seller or buyer will have to potentially pay 2% of the total purchase price at closing as part of a property sale in River Run Townhomes. Or, the parties to a River Run Townhomes transaction could negotiate to split the 2% transfer tax.
The governing documents for the River Run Townhomes homeowners' association permit property owners to keep pets within their properties. However, the River Run Townhomes homeowners' association does not allow long-term renters or short-term renters to have pets anywhere within properties located in the subdivision.
River Run Townhomes | Homes for Sale
(current listings displayed below by newest first)
If zero current listings were found above, it just means there are no homes in River Run Townhomes listed for sale right now in the Summit County MLS. If you'd like to sign up for free listing alerts on the right, you'll be instantly notified as soon as future listings in River Run Townhomes become available.
