Champion’s Run Condominiums - Ruidoso Downs, New Mexico
May 22nd, 2008 categories: Condominiums, Ruidoso real estate
Champion’s Run is one of the largest condominium complexes in the Ruidoso area with 104 units. Officially, this complex is located in Ruidoso Downs, and is right next to the Ruidoso Downs Racetrack. For this reason, this complex is very popular with the “horse people”. Some of the units actually overlook the barns and work areas of the racetrack, others have great views of the mountains, east & north.
Most of the units were completed in 1984, and were originally named “Triple Crown Condominiums”. The complex got off to a rocky start, as the oil bust and savings & loan debacle in the 1980s had a heavy impact on this area, but in the last 5 years, this complex has really started to shine, and values are appreciating rapidly. The entire complex has recently been stuccoed, re-roofed, and the water system has been re-piped to allow multiple cut-offs instead of the one cut-off originally installed in the complex. Attractive river rock accents have been applied to all the chimneys, and the grounds are nicely landscaped. This complex is one of the few in town that have on-site management, and a full-time maintenance staff.
There are currently 7 properties listed in the complex ranging from $121,000 for a 2 bdrm unit of 1300+ square feet to $189,000 for a 3 bdrm unit of 1900+ square feet. The median price per square foot for currently listed units is $75, which is more than reasonable for a Ruidoso area property. Association fees are currently $200 per month and cover exterior maintenance, insurance, decks/balconies, roofs, water/sewer and garbage removal.
If you are looking for a condo in the Ruidoso area, please check out this Champion’s Run Condo, as it is the most inexpensive 3 bdrm/3 bth listing in the complex.
If you would like more specific information on Champions Run or Ruidoso condos or townhomes, please contact me at: mary@ruidoso-homes.com, or call 505-257-4011.
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