Sunday, September 12, 2010

Crip's HUD Report 9-10-2010: Attack of the Locust

Greetings HUD fans! Busy weekend. Birthday parties. Rib Festivals. Gigs. Contracts.  Lots and lots of contracts.  And then lots and lots of HUDs.

Speaking of these fun lil' deals, there's big change on the horizon.  I'm not at liberty to discuss anything right now, but I will just say this: Yours truly will continue to bust out the HUDs in much the same fashion I've been doing for years.  Gonna have to leave it at that.

NEW HUDS FOR 9-10-2010
click for pics of the properties! 
 




3402 White Ash Ct, Loveland: $160,000. 4 bed, 2 bath, 1680 sq ft, 1988, 2 car attached, $100 down with NO repair escrow.  This tri-level is just west of Silver Leaf in a pleasant, quiet neighborhood.  The main level has wood flooring and like-new stainless Whirlpool kitchen appliances.  It is in great shape overall, with a fenced yard, A/C, a fireplace and a corner lot.  The only drawback (if you can even call it that) is a large koi pond that is right next to the front walkway.  It is currently covered.  If you stumble home from the bars, you may want to keep it that way.  Pics start right here: http://captainfantasy.shutterfly.com/13695  Owner-occupant bids due 9-19-2010, investors daily thereafter if available.



7810 W 19th St Rd, Greeley: $240,000.  4 (almost 5) bed, 3.5 bath, 1865 over full mostly finished bsmt, 2003 3 car attached, $100 down with NO repair escrow.  Once in a while we get a doozy, much like the last high dollar HUD we had in Kelly Farm.  If you recall, it was listed for $257k and wound up going for $278k.  I don't know if this beauty in Mountain Vista will go beyond the asking price, but here are some compelling reasons why it may: Sold less than two years ago for $274k; house across the street is similar and listed for $319k; 7810 W 19th ST RD is assessed for a whopping $369k.  It's in great shape other than a small crack in the stucco by the garage door, and wow is it a looker.  The main level has dark wood floors, a black kitchen with cherry cabinets and a big ol' master suite.  The 3rd bedroom on the main level is actually an office, but hey, if HUD calls it a bedroom then I'm down with that.  The basement has two bedrooms and a full bath as well as a MASSIVE family room with built in cherry entertainment center and a large bar.  There's a small patio off of the kitchen with a gas line, and the back yard is entirely fenced.  It does back to 20th Street, so this one doesn't have quite the sweet location as our Kelly Farm property.  But other than that I like everything better, especially that basement. Don't miss this one if you are looking in West Greeley between $200k-$300k.  Pics start right here: http://captainfantasy.shutterfly.com/13681  Owner-occupant bids due 9-19-2010, investors daily thereafter if available.


92 Arapaho Street, Severance: $172,000. 3 bed, 2.5 bath, 1729 with unfinished bsmt, 2005, 2 car attached, $100 down with $550 repair escrow for plumbing repair.  You may recall 342 Scotch Pine from last week.  Yes, it's the one that I got around 30 calls on.  30 flaky calls from about 30 flaky people.  If you are one of those people, yes I'm calling you flaky.  But good news for you non-flaky people: This one is a better deal.  It's in better shape, has a better location, a better yard, a MUCH better kitchen (although it is missing appliances) and a better price per sq ft.  The question is whether you dig 4-levels as much as ranches.   Pics start right here: http://captainfantasy.shutterfly.com/13581  Owner-occupant bids due 9-19-2010, investors daily thereafter if available.


2456 22nd Ave, Greeley: $136,000. 3 bed, 1.5 baths, 2506 sq ft, 1960, 2 car attached, $100 down with $495 repair escrow for exterior paint "touch-up" and replacement of outlet covers (seriously).  This is a strange one.  First of all, the house doesn't really have any access from 22nd Ave, instead the garage and hence the driveway are accessed from semi-busy 25th Street (the house is just east of 23rd Ave).  It's a tri-level that's really kind of a bi-level and each level has a small flight of stairs breaking it up, with the garage level sort of off by itself.  If that makes any sense.  The back yard can be accessed from the driveway or through the kitchen, from which is attached a patio with a hot tub.  The yard is FREAKING MASSIVE at .4 acres, or over 17,000 sq ft. There's a weird shed on the east side of the lot with a 2-story attachment serving as a bit of a playhouse.  How folk got up there, I don't know.   This house sits adjacent to some really nice places and is very unique.  Cosmetically it will need some love though.  Pics start right here: http://captainfantasy.shutterfly.com/13635  Owner-occupant bids due 9-19-2010, investors daily thereafter if available.


2632 Arbor Ave, Greeley: $91,000. 3 bed, 1 bath, 1058 sq ft over full unfinished, 2003, 2 car attached, $100 down with $935 repair escrow for window well covers and window replacement.  This ranch in east Greeley sits at the very end of Arbor Avenue and as such has a large, pie-slice shaped lot.  There's a funky entertainment center built into a corner of the living room, and it isn't even close to where a tv should go.  The kitchen is aight, and there's a bit of "which-one-is-the-master" going on in the bedrooms.  However the price is right and the neighboring properties are in great condition. Expect this one to go fast.  Pics start right here: http://captainfantasy.shutterfly.com/13649  Owner-occupant bids due 9-19-2010, investors daily thereafter if available.


524 Locust St, Windsor: $80,000. 2 bed, 1.5 bath, 662 sq ft over partial mostly finished,1920, 1 car detached, UNINSURED, 203k eligible. Here's one for the brave.  Take note of HUD's remarks: "There is a larger than typical crack in NW foundation & sloping floor, engineer's inspection recommended. Roof inspection recommended due to previous tornado storm. Plumbing passed pressure test, but inspection recommended for possible tree roots in sewer. Electrical needs inspection & repair. Repair furnace & replace missing front gutter."  I really can't convey how out of place this dumpy-looking house is sandwiched between the well-maintained neighboring properties.  The 'hood is sweet, downtown Windsor, and the front half of this little joint is nice.  We have it listed as a 1 bed, half-bath, so obviously the second bedroom and lone full bath are down in the basement.  The sloping noted in HUD's remarks is obvious in the kitchen, and the house is small.  So why tackle it?  Because it could be cute and the neighboring properties are worth about $150k +.  That's why.  Pics start right here: http://captainfantasy.shutterfly.com/13601  Owner-occupant bids due 9-19-2010, investors daily thereafter if available.

Relist: 110 Beacon Way 5G, Windsor: $115,000. 2 bed, 2 bath, 1131 sq ft, 2001, $100 Down, no repair escrow.  This Water Valley condo lacks appliances but is the cheapest in the area by almost $15k.  It also has a super-dope screened balcony, perfect for grilling.*  Pics start here: http://captainfantasy.shutterfly.com/12688. Owner occupant bids are due 9-14-2010, investors thereafter if available.  *Verify with HOA what types of grills, if any, are allowed on balcony....!

2807 15th Ave Ct, Greeley: $82,350. 2 bed, 1 bath, 1008 sq ft over full unfinished, 1971, 1 car attached. This property STILL has this week's honor of having the lousiest location.  It is right next to highway 34 - remarks HUD: "Subject backs to Highway 34 with traffic noise."  And now with the relist, HUD has added: "Water lines cut in multiple places, gas lines not connected, garage door broken,repair exposed electrical wiring in living room; Repair damaged bath wainscot; Repair deck- stain or paint."  The house is clean and smells of new paint on the main floor; kitchen appears fairly intact and the family room has a fireplace. The basement appears to have had two more bedrooms at one point and a full bathroom that has been mostly dismantled.  This could make a decent investment property for somebody as a 4 bed, 2 bath, but beware the traffic noise yo, and everything else!  Pics start here: http://captainfantasy.shutterfly.com/12372  Owner occupant bids are due 9-14-2010, investors thereafter if available.



PRICE REDUCTIONS

513 Goldeneye Dr, Fort Collins: $171,000. 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 9-14-2010; investors thereafter if available.

3666 Butternut Dr, Loveland: $99,000. 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.  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 9-14-2010; investors thereafter if available.

3815 Celtic Ln #F Fort Collins: $144,000. 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 9-14-2010; investors thereafter if available.


2407 Haven Ct, Evans: $117,900. 3 bed, 1 bath, 1086 sq ft over full unfinished, 2 car attached, 2002, $100 Down with NO REPAIR ESCROW!  This Evans ranch 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 9-14-2010; investors thereafter if available.

333 23rd Ave Ct, Greeley: $63,000. 3 bed, 1.5 bath, 1092 sq ft, 1997, $100 Down with $3135 repair escrow for plumbing, splash blocks (!) and flooring.  A mere block from 23rd Ave, this is actually in a very quiet neighborhood and features a fenced yard with parking (and a huge gate) for an RV or boat.  The house is essentially split in half - the left side (as you walk in) is one big open living room/kitchen and the right side has all of the bedrooms, the full bath and the laundry (which has a toilet just kind of sitting there).

Owner occupant bids are due 9-14-2010, investors thereafter if available.





 
  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://totallyawesomehouse.com
http://totallygreathouse.com
http://totallyfreshhouse.com
http://totallycutehouse.com
http://totallycoolhouse.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 and THANK YOU FOR READING! Crip