Melody Lodge Cabin

Property Information

# of Deed Restricted Units: 3
Type: 1- and 2-bedroom cabin and duplexes
Occupancy: Owner Occupied
AMI Target: 100% AMI
Construction Complete: 2000

Restrictive Covenant Highlights

Employment: 30+ hours per week in Summit County
Income Limits: 100% AMI
Assets: Cannot exceed $200,000; exempt assets include retirement accounts, health savings and college savings accounts
Property: Not allowed to own other property in Colorado
Appreciation Limit: 2% fixed per year
Commission: 01.75% of sale price
Capital Improvements: up to 10% of initial purchase price upon approval
Retirement: considered as Local Employment Exemptions upon approval
Rent: No short term rental allowed; owners can rent rooms to qualified tenants upon approval

Restrictive Covenants

Please note that the information provided on this page is for convenience only and is not a substitute for a full recorded document search and review. To obtain the recorded documents, please contact the Summit County Clerk & Recorder’s office.