Monday, September 27, 2010

HUD Report 9-24-2010: A Little Bit Smoky Country Edition

Greetings folks!  I was blown away this week by what appears to be the most expensive HUD Home we've ever had, a rural nugget weighing in at $290,000.  It kind of has my full attention, especially given the unique nature of its location, condition and inclusions.  So blah blah blah, here's the deals, look for the expensive one and buy it from me, blah blah blah....


NEW HUDS LISTINGS FOR 9-24-2010
click for pics of the properties!  



4121 Julesberg Dr, Loveland: $181,000. 3 bed, 1.5 bath, 1405 sq ft, 3 car attached (!), 2003, $100 Down NO Repair Escrow.  "But hold on a minute Crip, didn't we have this one last week?"  No, but you're close.  That was 4087 Julesberg, and it's a pile compared to this tidy little 2 story.  This also may be the smallest house in terms of total sq footage I've seen with a 3 car garage.  The back yard is fenced with nary a tree to be found, and there's a smallish patio.  If you liked the idea of last week's Julesberg property but hated that particular Julesberg property, check out THIS Julesberg property.  Pics start here: http://captainfantasy.shutterfly.com/13793  Owner occupant bids due 10-3-2010, investors daily thereafter if available.


35621 County Road 25, Eaton CO: $290,000.  5 bed, 3 bath, 1771 sq ft over full mostly finished, 2003, 2 car attached plus two MASSIVE pre-fab steel barns, 3.14 acres, UNINSURED, 203k eligible.  Here's the interesting one.  First the good: The house is very large, with total sq footage over 3500 sq ft (most of it finished), 3 bedrooms and 2 baths on the main floor and a very sharp kitchen.  The full basement is almost entirely finished, with 2 more bedrooms, a large full bath, storage, some type of entertainment area, living room and the odd nook and cranny.  There's a deck that wraps around most of the back of the house and a smaller private deck off of the master suite, both of which overlook a lovely pond.  Then there's the barns - they're HUGE.  The nicer/newer of the two (we'll call it the blue one) has a partial pad, and there's a large carpeted area.  I don't know the purpose of this, but if you have a few more cowboy hats in your closet than me, perhaps you do...?  There's also a couple of water pumps in the building.  The second building has a dirt floor and appears  to have just been housing for livestock.  I should point out that the county records show these building as 1392 sq ft and 2520 sq ft.  So now for the bad: The house is UNINSURED and there is substantial smoke damage throughout the main floor.  Scope the pictures.  The cause is a mystery, and the smoke has left spooky Rorschach test-like images all over the main floor.  See how many skulls YOU spot in pictures.  Oddly, there is no smoke smell whatsoever in the house, and the basement is totally unaffected.  Pics start here: http://captainfantasy.shutterfly.com/13842  Owner occupant bids due 10-3-2010, investors daily thereafter if available.


2702 7th Ave, Greeley: $43,000. 2 bed, 1 bath, 755 sq ft over full mostly finished, 1948, $100 down with repair escrow of $2420 for all kinds of stuff AND the kitchen sink.  It's little, it appears to be a non-legit over/under duplex, it's beat down and I don't think I'd call it a 2 bedroom.  Although there are 4 rooms that were probably used as bedrooms, only one of them is conforming.  Also: This is in Garden City.  Pics start here:  http://captainfantasy.shutterfly.com/13874  Owner occupant bids due 10-3-2010, investors daily thereafter if available.


1617 41st Street Rd, Evans: $91,000. 4 bed, 2 bath, 988 sq ft over full, mostly finished, 1993, 2 car attached, $100 down with NO repair escrow.  Rolled up to this property and buyers were finishing up with their agent.  Holy Cow did the dude give me a dirty look, for what reason I don't know.  Apparently they didn't like my menacing orange car.  Or he was being protective of this tidy little deal.  The basement is nicer than the main level, and has been finished very nicely.  This would be a great $100 down property for someone looking for a clean, basically move-in ready house with all the "typical" wants: 3 or more bedrooms, 2 car garage, fenced yard, quiet neighborhood, etc.  Pics start here: http://captainfantasy.shutterfly.com/13860 Owner occupant bids due 10-3-2010, investors daily thereafter if available.


3788 Ponderosa Ct #8, Evans: $72,000. 2 bed, 2 bath, 1056 sq ft, 2003, $100 down with NO repair escrow.  Pics start here:  http://captainfantasy.shutterfly.com/13897  Owner occupant bids due 10-3-2010, investors daily thereafter if available.  Got an extra $3000 to throw down on a place?  Then check out the similar, but nicer, condo at....

3660 Ponderosa Ct #5, Evans: $75,000. 2 bed, 2 bath, 1039 sq ft, 2005, 1 car attached, $100 down with repair escrow of $550.  It has a fireplace, a compelling layout, a decent kitchen and of course the attached garage.  I also like the location of this one, and how it overlooks some green space.  Pics start here:  http://captainfantasy.shutterfly.com/13888 Owner occupant bids due 10-3-2010, investors daily thereafter if available.

  Relist: 213 16th Ave Ct, Greeley: $40,000. 3 bed, 1 bath, 1200 sq ft, 1962, UNINSURED WITH A LAUNDRY LIST OF REPAIRS.  It's back again!  This vaguely NE Greeley ranch appears to be in decent shape interior-wise for a $40k house, but the exterior is in need of paint and soffit repair.  One would expect there to be LBP issues in addition to all of the now-disclosed problems.  Pics start here: http://captainfantasy.shutterfly.com/11967   Owner occupant bids due 9/28/2010, investors daily thereafter if available.

Relist: 1337 29th St, Greeley (I say Evans): $76,500. 3 bed, 2 bath, 1337 sq ft (seriously), 1978, 2 car attached, $100 Down with $550 repair escrow.  This corner lot tri-level is in nearly-fantastic condition, and the price reduction  makes it a compelling buy.  The only drawback is minor cosmetic ugliness and a small repair escrow (for furnace repair).  Scope the video: 

Pics start here: http://captainfantasy.shutterfly.com/12847, Owner occupant bids due 9/28/2010, investors daily thereafter if available.

Relist: 3839 Steelhead St A, Fort Collins: $148,000. 2 bed, 2 bath, 1468 sq ft, 2006 (!), 1 car attached, $100 Down NO repair escrow.  KILLER deal!   Back on the market!  Back when this was first listed a similar unit was under contract and listed for $175k, and the prices still go up from there.  All stainless kitchen appliances present, gas fireplace, big master with balcony that overlooks large grassy common area and the open space between the subdivision and east Harmony.  You can actually get right to the property by taking Cinquefoil (the dirt road that is now completely connected), so as you may have guessed this is a block north of Observatory Village.  There will be a bidding war on this one I'm sure, so call me soon.  Pics start here: http://captainfantasy.shutterfly.com/12779.  Owner occupant bids due 9/28/2010, investors daily thereafter if available.

Relist: 4416 S Shenandoah St, Greeley: $49,000. 3 (I say 4) bed, 2 bath, 1508 sq ft, 1996, 1 car attached, UNINSURED. Along comes one of the cleanest manufactured homes we've ever had in Hill-N-Park and lo and behold it won't go FHA. Why not you ask?  HUD notes: "One HUD certification label is missing from exterior. Subject is not permanently attached to foundation, permanently anchor frame to foundation. Repair/replace - crawlspace cover; deck stain; roof shingle."  Obviously, this had an FHA loan on it at one point in time, so I don't know if the house magically unattached itself or what.  Be advised!  And bring your cash.  Scope the video and pictures because this one is pretty nice on the inside, with all appliances included, the one car garage, and a gigantic shed in the backyard.
 
Pics start right here: http://captainfantasy.shutterfly.com/13040   Owner occupant bids due 9/28/2010, investors daily thereafter if available.

Relist: 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 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 9/28/2010, investors daily thereafter if available.

Relist: 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 9/28/2010, investors daily 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 - under contract
http://totallycutehouse.com 
http://totallycoolhouse.com  - under contract
http://totallyradhouse.com  - SOLD

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