Timbers on River Run – Keystone – Real Estate
Below are homes for sale currently listed in the Summit County MLS in the Timbers on River Run 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 Timbers on River Run subdivision is just steps away from all of the outdoor, retail and dining experiences that the area has to offer.
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Timbers on River Run Real Estate
Frequently Asked Questions
To determine whether owners in Timbers on River Run are permitted to short-term rent their properties, there is generally a two-part analysis:
- Do the Timbers on River Run 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 Timbers on River Run that would prevent owners from short-term renting their units.
- Does the local governmental authority currently allow a property owner to obtain a new Timbers on River Run short-term rental license? Yes. Timbers on River Run 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 Timbers on River Run real estate community and other Keystone property subdivisions all remain unaffected by the short-term rental moratorium in Summit County. New property owners in Timbers on River Run may continue to apply for and receive short-term rental licenses.
In sum, the Timbers on River Run homeowners association does not preclude owners from short-term renting their properties. Furthermore, the short-term rental moratorium does not apply to Timbers on River Run property owners; so, Summit County will continue to grant new short-term rental licenses to homes located in Timbers on River Run.
Timbers on River Run 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, the homeowners' association dues in Timbers on River Run generally cover almost all monthly expenses that owners routinely pay to own a Summit County property. From that standpoint, Timbers on River Run owners do not have to set up an account with Xcel Energy to pay utilities. And, if Timbers on River Run owners are satisfied with basic tv channels and shared WiFi internet access, there is also no need to potentially set up an account with Xfinity or another cable/satellite provider.
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 Timbers on River Run, 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 Timbers on River Run. Or, the parties to a Timbers on River Run transaction could negotiate to split the 2% transfer tax.
The governing documents for the Timbers on River Run homeowners' association permit property owners to keep pets within their properties. However, the Timbers on River Run homeowners' association does not allow long-term renters or short-term renters to have pets anywhere within properties located in the subdivision.
Timbers on River Run - 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 Timbers on River Run 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 Timbers on River Run become available.
Timbers on River Run
Recently Sold or Under Contract
(past listings displayed below by most recent first)