Timber Ridge Condo
Silverthorne-Wildernest Real Estate
Below are condos for sale currently listed in the Summit County MLS in Timber Ridge Condo | Silverthorne-Wildernest. Timber Ridge Condo is part of the Wildernest neighborhood. Wildernest is an unincorporated portion of Summit County, which is located just above the town of Silverthorne. As part of Wildernest, the Timber Ridge Condo subdivision is surrounded by National Forest. As a result, all residents of Timber Ridge Condo are just steps away from some fantastic hiking, mountain biking, cross-country skiing and snow-shoeing.
Built from 1980 to 1983, the Timber Ridge Condo complex is comprised 136 condos, many of which include fabulous views of the surrounding forest and mountains. Timber Ridge Condo is conveniently located along the free Summit Stage bus route. Each of the individual Timber Ridge Condos fits into one of roughly 4 different floor plans:
- 1 Bedroom & 1 Bath - 418-481 square feet
- 1 Bedrooms & 1 Bath - 572-610 square feet
- 2 Bedrooms & 2 Baths - 888 square feet
- 3 bedrooms (including loft) & 3 Baths - 1183 square feet
The Timber Ridge Condo community features access to one of the best clubhouses in Summit County. The Clubhouse has two hot tubs, a pool, a sauna, a racquetball court, a game room, and a meeting area for Timber Ridge Condo residents to hang out and meet their neighbors. Timber Ridge Condo also has an outside tennis court, picnic area and BBQ grills for residents and their guests to enjoy. The Homeowners' association dues include basic cable tv, common area maintenance, common taxes, gas, heat, wi-fi internet access, snow removal, trash pickup, and water/sewer fees. Because of the many available amenities, the Timber Ridge Condo complex presents a great opportunity for primary residents or second homeowners as well as tremendous long-term and short-term rental potential.
Timber Ridge Condo Real Estate
Frequently Asked Questions
The Timber Ridge Condo subdivision is part of the Wildernest neighborhood, which in turn is located in unincorporated Summit County. Accordingly, the Summit County Board of County Commissioners sets the short-term rental rules that govern the Timber Ridge Condo subdivision as well as all other neighborhoods located in Wildernest. As far as the Timber Ridge Condo subdivision is concerned, 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. Timber Ridge Condo rentals, which are longer than 30 consecutive days in length, are instead considered to be a "long-term rental". And, long-term rentals in Timber Ridge Condo are encouraged by Summit County government, because they help provide housing to local employees. Summit County is not currently contemplating new restrictions for Timber Ridge Condo long-term rentals. Accordingly, when owners in Timber Ridge Condo seek to long-term rent their properties (or any part thereof) for more than thirty consecutive days, they need not be concerned with new STR rules or obtaining a STR license.
To determine whether owners in Timber Ridge Condo are permitted to short-term rent their properties, there is generally a two-part analysis.
Do the Timber Ridge Condo 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 Timber Ridge Condo that would prevent owners from short-term renting their units.
Does the local governmental authority currently allow a property owner to obtain a new Timber Ridge Condo short-term rental license?
Over the past several years, the Summit County Board of County Commissioners have enacted a variety of different short-term rental regulations that potentially affect the ability of Timber Ridge Condo owners to use their units for short-term rentals. For all the latest changes to the rules and regulations that govern Timber Ridge Condo short-term rentals, please check out my continuously updated summary of Wildernest Short-Term Rental Rules.
Timber Ridge Condo homeowners' association dues include the following expenses:
- Basic cable tv
- Common area maintenance
- Common area management
- Common insurance
- Common taxes
- Snow removal
- Trash pickup
- Wi-fi internet access
- Water/sewer fees
In sum, property owners in Timber Ridge Condo are generally only responsible for the recurring monthly expense of electricity.
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 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 Timber Ridge Condo, there is 0% transfer tax. That means neither seller nor buyer will have to potentially pay transfer tax as part of a property sale in Timber Ridge Condo!
The governing documents for the Timber Ridge Condo homeowners' association permit property owners to keep pets within their properties. However, the Timber Ridge Condo homeowners' association does not allow long-term renters or short-term renters to have pets anywhere within properties located in the subdivision.
Timber Ridge Condo
Condos for Sale
(current listings displayed below by newest first)
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