0 Ferringway Circle Unit Unit 39 644495 Durango, CO 81301

WHILE YOU’RE AWAY YOUR CONDO WILL PAY! The best resort property in the City of Durango. THE UNIT: Fully furnished and equipped. A top unit in the rental program. This is a 2 bedroom, 2 bath “Drake” unit. A flight of stairs brings you to your private sunny deck and views of the mountains. Updated in 2005 with new paint, flooring, refaced kitchen cabinets, countertops and appliances. Wood burning fireplace, lots of windows. THE COMPLEX: A+ location Close to college, downtown, golf & recreation. Amenities: swimming pool, sauna, clubhouse & on site rental office. Recent Improvements: New windows, roof, decks and exterior paint. See Ferringway.com for more information and current rental rates that this unit could obtain. HOA DUES: The Homeowner dues are $976 per quarter which covers; water, sewer, trash, exterior building insurance, exterior maintenance, snow removal, common area maintenance including pool and clubhouse amenities. SPECIAL ASSESSMENT: There is a special assessment on all units at Ferringway to resurface the roads in the complex and replace some exterior siding. The final installment is due on April 1, 2013 and the amount on this unit is $1,819. UTILITIES: La Plata Electric, 970-247-5786, averages $140. per month. Hi speed Internet and cable television is available. FINANCING: Due to the fact that Ferringway offers nightly rentals and has an on site rental office it is considered a “condo tel”. A down payment of 25-30% is required, depending on specific bank guidelines. Wells Fargo, Peter Pritchard offers a resort property program and local banks. Try Alpine Bank, Bank of Colorado, Vectra and 1st Southwest Bank, Kathleen McClenny.