top of page

The Assessment

Overview

Like many condo complexes here in Killington, Mountain Green was built back in the 80s. Decades of harsh VT weather and wear and tear have taken their toll.  

 

Our special assessment is a $48 million, multi-year project that will modernize us from top to bottom - including safety upgrades, weatherproofing, accessibility, and enhanced quality of life.

 

Mountain Green's transformation reflects our community's thoughtful, data-driven approach toward our future. After years of consultations with engineering and construction professionals, owners made the carefully considered decision to invest in these comprehensive renovations. As owners, we did not make this decision lightly - we took the time to gather all of the information and data we needed, had many, many conversations, and then voted as a community. It was necessary and critical for our collective success, including livability and the value of our homes.

 

The results are becoming evident - from our new roofs and upgraded amenities to rising property values. We're excited to see Mountain Green emerging as one of Killington's premier ski properties, ideally positioned to benefit from the resort's upcoming village development.

What's included in the assessment?

This is a high-level summary of the work being done. Once you're an owner, you'll get a complete list, along with the detailed budget. Improvements are for all three buildings unless otherwise indicated.
​​

  • New Englert standing seam metal roofs, including snow guards

  • New Vicwest Bellara metal siding

  • ​New Marvin windows and Velux skylights

  • New insulation

  • Balcony renovations, including new doors, insulation, and waterproofing

  • ADA conversion of entries

  • In-unit and common area HVAC upgrades

  • Sprinkler system upgrades

  • Elevator upgrades

  • Parking garage updates

  • Restaurant renovation, including newly designed facade

How much will my assessment be?

It depends on a few factors, including the size of the unit, the number of skylights and windows, and how much has already been paid off. Some owners pay quarterly, so if you buy a unit, you would be responsible for paying whatever is left on the assessment. Some owners have paid off the entire assessment, so if you buy one of those units, the current owner would likely try recouping some of the assessment money in the purchase price.

 

Here are examples of approximate assessment amounts at the beginning of the total assessment (mid-2024). You should only use these to get a ballpark idea, particularly as more time passes. Your real estate broker can help you get the numbers for specific units.

 

  • A studio unit: ~$128k

  • A one-bedroom unit: ~$180k

  • A two-bedroom unit: ~$266k

  • A three-bedroom unit: ~$334k


We are currently paying these quarterly over ~11 years, though we are in the process of applying for longer-term financing.
 

 

bottom of page