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Loon Mountain Ski Back condo...major price redution

Waiting for the right deal to come along...well your wait is over.

This 1,100 square foot , 2 bedroom 2 bath features a unique lock-out arrangement with a separate hotel room deeded as part of the condo but available for additional use or income. Yes the down side is the purchase will require a portfolio loan, as FHA will not loan on condo-hotel style ownership. It's no different than any other real property ownership...it just has a desk in the lobby and that makes it commercial income real estate. There is no requirement to be in the rental program, but many rent both sides or keep one and rent just the lock-off unit.

At an asking price of $117/square foot ($129,000 for 1,100 SqFt.) and offering access to the ski slopes...plus a indoor pool, hot tub (built 4 years ago) and river-frontage...this is a great property.

With many second home seller, there is no desire to have furniture moved so the asking price includes a soup to nuts decoration and fixtures package. That's right stay the night you close or put it in the rental program immediately.

Riverfront picture taken from South Mountain Bridge...Walk home from the Escape route trail at Loon, when you are finished skiing for the day (shuttle to the lifts comes by every fifteen minutes) Pool and great room are attached to the condo by an interior hallway...walk to your unit after a swim in a wet bathing suite if you wish?

  Click on my web site below...and search by MLS #2790395 to see additional pictures and info on this condo.

 

                       

                                                                                                                                                                              Your-White Mountain New Hampshire real Estate Expert

                    steve@alpinelakes.com toll free 800-926-5653 /cell 603-381-7898

                        MLS search and Realtor web site: www.alpinelakes.com

                         My outside Blog: www.steveswhitemountainblog.com

                    Lincoln NH &  Local interest site: www.localism.com/nh/lincoln

    Grafton County NH MLS search

3 commentsSteve Loynd • December 20 2009 10:18AM
Loon Mountain Ski Back condo… major price redution
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Waiting for the right deal to come along… well your wait is over. This 1, 100 square foot 2 bedroom 2 bath features a unique lock-out arrangement with a separate hotel room deeded as part of the condo but available for additional use or income… more