RESORT LIFESTYLE CONDO DURANGO, COLORADO 2 bedroom, 2 bath condo at Ferringway. Functional floorplan with great room, bedroom, full bath, washer dryer on main level. Upper level is a master suite bedroom. Wood-burning fireplace in living room. Lots of windows overlooking grassy courtyard. Front deck has room patio table and chairs. Storage closet off deck. Ferringway Condominiums are versatile and offer flexibility. Excellent in town location. Great 2nd home, primary residence or investment property. A few updates will go a long way in this condo. The seller is offering a $2,000 remodeling allowance with an acceptable offer. PET POLICY: Owners pets are allowed. EXCLUSIONS: Please ask for a list of exclusions and complete information about the unit and the complex. Come to Ferringway and play! THE COMPLEX: A+ location close to downtown, golf, recreation and the college mesa. Walk, drive or take the "T," City transit to town. Amenities: swimming pool, hot tub, sauna, clubhouse & on site rental office. On site rental management available with full maintenance staff makes it easy to enjoy your 2nd home...while you're away your condo will pay you. See the Ferringway website for more information and current rental rates that this unit could obtain. HOA fees take care of everything except your electric, telephone and internet. HOA DUES AND UTILITIES: The Homeowner dues are $929 per quarter which covers; water, sewer, trash, exterior building insurance, exterior maintenance, snow removal, common area maintenance including pool and clubhouse amenities. Exterior building insurance coverage is through Dale Willbanks with American Family Insurance, (970) 247-5828. La Plata Electric, 970-247-5786. Completely electric unit averages $153 per month. Homeowners choose and pay their own high speed internet, telephone and television. FINANCING: Due to the fact that Ferringway offers nightly rentals and has an on-site rental office it is considered a "condo tel". Expect a down payment of 20-30%, depending on specific bank guidelines. Wells Fargo offers a resort property program. Try local banks such as Alpine Bank, Bank of Colorado, Vectra and 1st Southwest Bank or better yet, pay cash!
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