Monday, August 9, 2010

Crip's HUD Report/Crip's Cribs 8-6-2010

Hey everybody!  Why Crip's Cribs?  Well, more than ever the "HUD Report" is featuring deals of several varieties.  Check out the Poudre Park property @ Falls Creek (and another coming up next to it that's even nicer) or the duplex that's a potential 4-plex in south Loveland/Berthoud for $173k.  None are HUDs, but all are great deals.  But my favorites are always those wacky lil' HUDs, so let's check em out.  Be forewarned:  I test drove a Flip for many of these and have no problem reporting that I will never use one again unless I have no other choice.  If you care, the first video from Goldeneye was taken with my trusty old broken Kodak.  Every other new video from this week was taken with the Flip. 

NEW HUD LISTINGS FOR 8-6-2010!
click for pics of all the properties! 




513 Goldeneye Dr, Fort Collins: $190,000. 4 bed, 2 bath, 1754 sq ft, 2 car attached, 1981, $100 Down with $550 repair escrow.  This tri-level in south-central Fort Collins features a nicely updated kitchen, a fireplace in the lower level, 3 bedrooms up, 1 bedroom down and the nastiest carpet I've ever seen, period. Why it is still in the house I have no idea, but I do think it may be the difference between the house getting attention and getting ignored.  This is a shame because there's actually a bit to like here, the location being number one on the list.  The fenced back yard is swell, as is the storage shed and tandem 2 car garage.  But that carpet...that smell....yikes....  
Pics start here: http://captainfantasy.shutterfly.com/13298 Owner occupant bids due 8-15-2010; investors thereafter if available.


3666 Butternut Dr, Loveland: $110,000. 2 bed, 1.5 bath, 900 sq ft over 450 sq ft mostly finished, 1 car (kind of) detached, 1994, $100 Down with $2365 repair escrow.  This townhouse is located just west of Garfield/N 287 and slightly south of 37th Street.  The main level is missing flooring and there's a plumbing leak (like the majority of this week's stuff).  The electrical also needs some repairs and there's an inexplicable hole in the basement wall, which shows a lack of insulation in the wall.  HOA fees are $100/month on this one.
Pics start here: http://captainfantasy.shutterfly.com/13220 Owner occupant bids due 8-15-2010; investors thereafter if available.


4331 Page Pl, Loveland: $119,000. 3 bed, 1.75 bath, 1452 sq ft, 1 car attached, 1956, $100 Down with $2090 repair escrow.  Some may call this Campion, and the joint across the street at 4318 Hawg Hollow Lane (more on that in a few) claims to be in Berthoud.  Either way, consider this one just south of 42nd Street in Loveland.  It is a sprawling ranch on a small half-acre (REALTOR®-speak for "it isn't quite an acre"), with updates scattered here and there, most notably hickory cabinets in the nicely finished kitchen.  The draw here is going to be the do-whatever-you-like nature of the area and of course the massive yard, which currently houses two sheds.  Check this one out if you want to spread out a little.
Pics start here: http://captainfantasy.shutterfly.com/13204 Owner occupant bids due 8-15-2010; investors thereafter if available.


4409 Mesa Verde Dr, Greeley: $85,000. 3 bed, 1 bath, 959 sq ft over partial unfinished, 2 car attached, 2005, $100 Down with $605 repair escrow.  Here's a surprise - a bi-level in Hill-N-Park with an unfinished lower level that is also a smokin' deal.  Why?  Because the main level is in great shape.  Yes, it needs appliances throughout, but what it doesn't need is carpet or even paint. In fact, there's plenty of paint right there on the deck.
  The yard is huge, unfenced, and backs to open space which makes it seem absolutely gargantuan.  The biggest drawback is going to be the lack of landscaping - there's rock, gravel, dirt and weeds galore. 
Pics start here: http://captainfantasy.shutterfly.com/13147 Owner occupant bids due 8-15-2010; investors thereafter if available.


4240 W 30th ST Rd, Greeley: $157,000. 3 bed, 2 bath, 1403 sq ft over full unfinished walk-out basement, 3 car attached, empty koi poind/pool, 2004, $100 Down with $1430 repair escrow.  This lovely Gateway Estates ranch has it all: a big master suite with 5 piece bath & nearby laundry, wood floors in the kitchen and dining area, a deck that overlooks the large back yard, a walk-out basement with some framing for an additional bathroom and a nearly-complete 4th bedroom, and a MASSIVE koi pond.  HUD calls for $880 to "fill large hole in backyard" which I can only chalk up to this pond.  Seriously, the thing is huge. 
Pics start here: http://captainfantasy.shutterfly.com/13127 Owner occupant bids due 8-15-2010; investors thereafter if available.

Property Photo 315 Carr St, Pierce: $95,000. 4 bed, 1 bath, 1619 sq ft, 1 car attached, 1976, $100 Down with $1485 repair escrow.  It's a bi-level! It's in Pierce! It last sold as a HUD Home three years ago for $115k!  It sits on .25 acre! It appears that this property may qualify for a USDA Rural Development 502 Direct Loan (call or write for more details!). Owner occupant bids due 8-15-2010; investors thereafter if available.


7159 Mount Adams, Wellington: $153,000. 3 bed, 2.5 bath, 1377 finished sq ft over full unfinished, 2 car attached, 2002, $100 down with $550 repair escrow.  We've had a few places like this one in The Knolls, but in terms of condition this is the nicest I've seen.  The main level is intact cosmetically, and unlike many I've seen a couple of blocks over there doesn't appear to be any settling issues around the exterior.  The basement is unfinished and clean, and there's a bunny living under the unusually wide back deck.  It appears that this property may qualify for a USDA Rural Development 502 Direct Loan as well as the $100 down, so hit me up for details.
Pics start here: http://captainfantasy.shutterfly.com/13250 Owner occupant bids due 8-15-2010; investors thereafter if available. 


3815 Celtic Ln #F Fort Collins: $160,000. 3 bed, 2.5 bath, 1486 sq ft, 2 car attached, 2002, $100 down with $550 repair escrow.  This Waterglen 2-story sits on the corner of Celtic and one of the little mini-cul-de-sacs where all of the houses are identical and share the same number but have a distinguishing unit number.  It confuses with the idea that it may be a townhouse (especially since there are monthly HOA fees) but I assure you it is not.  It's actually a really good buy, and only needs a few minor cosmetic repairs and some plumbing repair.  If you are looking for a starter home in Fort Collins but find yourself limited in terms of price you'll likely find this one appealing.
Pics start here: http://captainfantasy.shutterfly.com/13236  Owner occupant bids due 8-15-2010; investors thereafter if available.


2407 Haven Ct, Evans: $131,000. 3 bed, 1 bath, 1086 sq ft over full unfinished, 2 car attached, 2002, $100 Down with NO REPAIR ESCROW!  Finally, one of only 2 properties this week that doesn't need plumbing repair (Goldeneye being the other), this is also free of any repair escrow items.  It is missing the kitchen appliances (which is typical) and the trim is painted an ugly dark green, but other than that this one is a solid deal in a great location at the end of Haven Ct.  The back yard also seems to go on and on and backs to the fields located just SW of the intersection of 23rd Ave and 37th Street.  Check this one out if you're looking in the area. 
Pics start here: http://captainfantasy.shutterfly.com/13102  Owner occupant bids due 8-15-2010; investors thereafter if available.

1406 25th Avenue CT, Greeley: $102,600. 4 bed, 2 bath, 2220 sq ft, 1963, one car detached, $100 Down with $4400 repair escrow.  The sole new listing from one month ago is a conundrum.  It's a bi-level with a detached garage and a MASSIVE yard and it sits in a beautiful and stable neighborhood.  And yes the house is technically intact, but the kitchen is in the lower level.  Is that a problem?  Well no, but it's just kind of....weird.  In the upper level in lieu of the kitchen is a long, pointless room that sits adjacent to the living room (and is elevated a couple of steps for some reason), and the rest of the house shows signs of the previous owners' rehab aspirations.  They never happened.  So what's left is a upper level bathroom with nice tile work and a PVC-and-nasty-piece-of-wood shower curtain rod, no sink (!) and a pointlessly small linen closet.  There's a lot of potential here, just be aware that most people prefer their kitchens next to the living room.  You know?   
Pics start here: http://captainfantasy.shutterfly.com/12664   Owner occupant bids are due 8-10-2010, investors thereafter if available.

Property Photo Relist (AGAIN): 1611 14th Avenue, Greeley: $77,600.  4 bed, 1 bath over 1 bed, 1 bath, 1641 sq ft main level, 1951.  One one hand, I enjoy selling HUDs.  On the other hand, I'm honest to a fault.  And speaking of faults, there's a gigantic one that runs just diagonally across the SE corner of this property.  Because of it I suspect future owners of this property will have perpetual heaving of their sidewalk and perhaps even foundation issues.  The real news here is the basement apartment (which is insanely dark, like being in Jewel Cave when they switch the lights off),  Beyond that, there are other more compelling properties to gather 'round.  Click here for more info, pics or a showing. Pics: http://captainfantasy.shutterfly.com/10672  Bids due Tuesday 8-10-10.  

2650 23rd Ave, Greeley: $60,000. 3 bed, 1 bath, 1086 sq ft, 1 car attached, 1963, $100 down with $1210 repair escrow for all kinds of stuff. This 'cozy' blue ranch has the unfortunate distinction of being almost precisely on the corner of 23rd Ave and 27th Street.  I like it for the money, if not the location. Owner-occ bids due 8-10-2010!  Click here for more info, pics or a showing.

Price Reductions


802 36th Avenue, Greeley: $84,000. 3 bed, 1.75 baths, 1170 over 1170 mostly finished bsmt, 1963, 1 car attached, $100 Down with $385 repair escrow.  A lot has happened since this one was first listed, in fact a lot happened to the house even after I took the video below.  Presumably when contractors went back to finish cleaning it out (it was gross) and winterize it (which was even more gross) the plumbing sprung a leak, which flooded the basement.  I went into the house weeks later and the carpet was still squishy, and several walls were starting to spot with mold.  The reduction comes as no surprise, so if you're willing to do some updating and overhauling you may want to consider this one (or maybe even the one across the street).   
Pics start here:  http://captainfantasy.shutterfly.com/12820  Owner occupant bids are due 8-10-2010, investors thereafter if available.

4536 Kings Canyon Dr, Greeley: $80,800. 3 bed, 2 bath, 1212 sq ft over 1212 unfinished, 1999, 2 car attached, $100 Down with NO repair escrow.  This Hill-N-Park ranch yields tons of calls for me, and for good reason: corner location, curb appeal, good layout, clean appearance inside, etc.  But one step - and one whiff - inside changes all impressions.  This is a cat house, plain and simple.  The mailbox is a cat.  There's some weird contraption in the otherwise unfinished basement that I'm sure was used to separate cats.  And all of these cats have left their odor all up in the house.  Now that it has been reduced $10k, that should make up for replacement of the carpet & pad, and combined with some new paint I would *hope* the smell can be tamed.  Click here for more info, pics or a showing.  Owner occupant bids are due 8-10-2010, investors thereafter if available.

818 20th St Ln, Greeley: $81,000. 4 bed, 1 bath, 1103 sq ft over full bsmt, 2002, 2 car attached, $100 Down, no repair escrow.  Our glut of Balsam Village inventory continues with another ranch, the basement of which is unfinished save for one large bedroom.  Fully insured, yes, but needs some paint and carpet.  Pics start here: http://captainfantasy.shutterfly.com/12704.  Owner occupant bids are due 8-10-2010, investors thereafter if available.









Killer Fannie Maes


4318 Hawg Hollow Ln Berthoud/South Loveland: $173,900.  Duplex consisting of 3 bed/3 bath unit; 2 bed/1 bath unit; partially finished basement that looks to be an additional 2 units.  Located almost directly across the street from our Page Place HUD home, this attractive duplex is a deal waiting to be scored.  Because this isn't a HUD there is room for negotiation and inspection contingencies, and currently bids are being reviewed for the plumbing repair.  The main floor units are *almost* move-in condition and the basement looks like plans were in motion and then halted.  What's left is some framing, plumbing stubs, a furnace, a couple of toilets, 4 entrances and a staircase.  There was water damage (I guess) at some point but all that remains is dirt on the floor.  However, there's a discoloration on the foundation that at first glance appears to be mold, but may not be.  Please check the video - it's hard to explain.
Pics start here:  http://captainfantasy.shutterfly.com/13188  It's a strange one for sure, but the wild card in all of this is the location.  Loveland?  Berthoud?  Campion?  Hawg Hollow?  This one may be eligible for the USDA Rural Development 502 Direct Loan. 


164 Falls Creek Dr, Bellvue: $136,900.  2 bed, 2 bath, 2094 sq ft, 30,900sf lot, 1940.  This Poudre Park house would be an awesome getaway or would actually function just fine as a primary residence.  The walk-out basement is, to me, the entrance and consists of a large family room, a storage room/non-conforming bedroom and the 3/4 bath.  Upstairs (or main level, when considered as a raised ranch) has some nice tile, two more family rooms, a full bath, a fireplace and a deck.  And that price?  CHEAP.  It will also go Fannie Mae HomePath or may be eligible for the USDA Rural Development 502 Direct Loan.
  Pics start here: http://captainfantasy.shutterfly.com/13277

PLEASE REMEMBER: The HUDs and other REOs are but a small part of what I do.  Take a moment and look over my FEATURED LISTINGS:


http://totallycoolhouse.com
http://totallyawesomehouse.com/
http://totallycutehouse.com
http://totallyradhouse.com/


Like or perhaps even love the blog?  Sometimes it isn't terrible to be a FOLLOWER.   Get a kick out of the videos?  Subscribe!   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 http://www.cripscribs.com/hud.html 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