Monday, May 3, 2010

April 30th 2010: Stay in Skool Addition

Hey everybody.  I'm happy to bring you a brand new batch of killer deals, but I'm also bummed I must share with you the 2321 Bluebells video.  It is vital you share it with your children as it illustrates the dangers of A) dropping out of school and B) Twilight.

NEW HUDS FOR 4-30-2010
click for pics the properties!

2202 Brightwater Dr, Fort Collins: $177,000. 4 bed, 2.5 bath, 1964 sq ft, 2 car attached, 2005, $100 down with $550 repair escrow for plumbing leak.  This attractive 2-story sits just east of Turnberry in North Fort Collins (y'know, kinda by the Country Club).  It has a massive master bedroom suite, which is contrary to the rest of the house's fairly conservative layout.  The garage is accessed from the back of the house (which is cool), and the back of the house overlooks an open field.
The rest of the street is comprised of nearly identical houses, but there's a lot of house here for only $177k.  Pics START RIGHT HERE.  Click here for more info, pics or a showing.
2321 Bluebells Dr, Evans: $108,000. 3 bed, 2.5 bath, 1320 sq ft w/ unfinished basement, 2 car attached, 2003. Uninsured, eligible for 203k financing.  Concerning the house, there's no kitchen.  In fact, the counters appear to have been forcefully torn from the walls as if they were scared of the previous tenants and fled in the night.  "Hey Joe, I believe I saw your kitchen cabinets running down the street last night."  "Yeah, I  kept telling my wife to clean the kitchen but she didn't, and I seen how dirty it was and I can't blame them.  Did you see where they went?"  The rest of the main level is tiled and has a half bath, the upper level holds the 3 bedrooms (with master bath) and the basement is unfinished.  My remarks largely concern the writing on the walls of one of the bedrooms.  So is the house a deal at $108,000?  Well it depends on your faith in the Prairie View subdivision.  We've had a few HUDs in here over the last few years and I've heard grumblings about the construction being hit or miss.  Which makes sense if the cabinets are able to detach themselves and run away in the night.  I blame Edward.    Pics START RIGHT HEREClick here for more info, pics or a showing.

3014 Lakeside Dr, Evans: $68,000. 3 bed, 1.75 bath, 936 sq ft over full basement, 1971, 1 car attached, $100 down with $880 repair escrow for furnace repair, exposed wires and exterior paint.  As I mention on the video, I wasn't even going to take pictures of this brick ranch (let alone a video) but after swinging through the basement I can see potential.  Before the basement was torn apart, it probably had another 3 bedrooms, bathroom and kitchen. Much of them remain, but consider it stripped and ready for your updating.    Pics START RIGHT HEREClick here for more info, pics or a showing.

1219 23rd Ave, Greeley: $88,000. 3 bed, 1 bath, 1242 sq ft, 1956, 2 car attached, holes in roof/ceiling: 1 big one; $100 down with $1320 repair escrow.  Here's an example of HUD's hands-off approach to selling being a huge drawback.  Listed in the repair escrow items is $880 for roof repair.  Had the repair been done, I wouldn't have walked in the house and found half the living room ceiling sitting in a big, slushy pile on the hardwood floor.  As it is now, I'm sure there are other issues beyond simply fixing the roof (repairing the gaping hole in the ceiling comes to mind) which could have been avoided had the roof been fixed.  If not for the location on 23rd Ave I might tell you to check this one out.  Instead, I'll just present the facts and let you make your own decisions.  Check out the video for more.    Pics START RIGHT HERE.  Click here for more info, pics or a showing.
  2309 33rd Avenue: $95,000. 2 bed, 1 bath, 962 sq ft, 1977, 2 car attached, $100 down with $385 repair escrow (for HVAC repair). Sorry, no video but check out the pictures and see if you really want to pay $95k for a 2 bedroom house.  It looks as if once upon a time the house consisted of 3 tiny bedrooms, two of which they conjoined.  The master is attached to the lone bathroom, and the best thing going for the house is the yard.  Pics START RIGHT HERE.  Click here for more info, pics or a showing.

521 E 12th St, Loveland: $90,000. 2 bed, 1 bath, 1054 sq ft, 1905, $100 down with $1100 repair escrow.  This cute little bungalow near downtown Loveland appears on the surface to be a solid deal, and indeed it is if you can handle plumbing and furnace repair. My guess is that the plumbing is the bigger issue of the two.  The kitchen is immaculate and comes with all black appliances; all remotes remain for the garage door opener and ceiling fan; and the backyard, well, there's an honest to goodness barn back there.  Sure it's a storage barn, but it's a barn nonetheless.  I didn't have juice for the video camera so please make do with the pics which start right here:   This is perhaps the deal of the week.  Pics START RIGHT HEREClick here for more info, pics or a showing.

3606 Myrtle St, Evans: $79,000. 2 bed, 1 bath, 864 sq ft over 864 finished, 1971, 1 car attached, fully FHA insured, $100 Down.  Strangely enough, this week's only fully FHA-insured HUD also has 'evidence of a mold-like substance'.  Take appropriate action!  This one came through late on Friday after I'd left Greeley far, far behind, so let me know if you want to go check it out.  Click here for more info, pics or a showing.

Price Reductions

1621 Marilyn Ct, Loveland: $144,900. 3 bed, 2 (1!) bath, 1978, 1884 sq ft, 2 car attached.  From last month: This bi-level is literally missing the upstairs bathroom (it's an empty room) and the amount of work it needs is totally not in line with its current price.  When it eventually gets down to $145k it may be worth considering. UPDATE: Now that we've been reduced, yes, this place is worth considering.  Click here for more info, pics or a showing.

1412 15th Ave, Greeley: $90,900. 4 bed, 2 bath, 1720 sq ft, 1926, 1 car detached.  This is an over/under duplex that HUD is calling a bi-level (hence the below-grade sq footage being used in their numbers).  The walk-out basement serves as a separate entrance, and both units are set up extremely well.  The alley access helps as there is no driveway to the house.  The price was a tad stout, especially since it won't go FHA.  Pics START RIGHT HERE.   Click here for more info, pics or a showing.


5713 Chardonnay St, Evans: $180,000. 5 bed, 3 bath, 1312 sq ft over full mostly finished, 2005, $100 down, fully insured.  I'm surprised this is our first Grapevine Hollow listing since we've had HUD inventory in just about every Greeley/Evans subdivision.  As one might expect, the house is super nice and other than furniture marks in the carpet looks like a new home.  The basement is 95% finished, with a slick bar and a large home theater wired in Geek Squad fashion.  One of the two basement bedrooms doubles as a laundry room (it works, though) and there's a separate laundry area just outside the master bedroom on the main floor.  As is the case with many houses in this subdivision, it has a large lot with most of the area belonging to the fenced back yard.  I drove around on snowy Friday, so you can't see much in the pics in terms of landscaping but the little archway in the back should be visible.  I like the layout on the main floor, with the master on one side and the two spare bedrooms on the other.   And the three car garage (with a ceiling fan!) is slick, as is the stucco finish.  However, don't expect a ton of high-end features.  It's just simply a nice house in a nice area.  With a nice garage, with a crappy ceiling fan in it.
 If I told you why this is coming back on the market it would blow your mind.  Seriously.  Nothing to do with the house. 325 E Laurel, Fort Collins: $109,900.  Wait a minute Crip, an Old Town house on Laurel for $109,900?  It must have plumbing leaks, right?  They've been repaired.  Well it must have structural issues, right?  No, it checked out.  Well, it's small then, right?  Actually, it's a 1600+ sq ft 4 bedroom, 2 bath house with a massive living room area.  Ok, so what's the catch?  Well, it may not be available to investors, but get in line and I'll see what we can do.  Yes, it's a good deal AND it used to be known as Laurel Street Grocery.  Own a piece of Fort Collins history today!  Well, not today, but whenever you close on the property...

As always, please drop me a line if you'd like to check any of these out or if you have any questions on HUDs or real estate in general.  Most of the HUDs are remarkable deals, and combined with the $100 incentive they are literally the best deals around.  As always, you can go to my website and search the entire state's HUD inventory.  Comments, questions and showings please send an email or call me at 970-988-5634.  Have a great week! Crip