NEW HUDS FOR 12-11-2009
▲ Click for ordered pics of this week's new listings!
Clicking on the small pictures below takes you to MCB's property page with the condition reports, as if you didn't know that.▼
4003 W 14th St Rd, Greeley: $138,000. 3 bed, 2.5 bath, 1709 sq ft w/ unfinished basement level, 1979. This joint is impossibly blue from the outside, and one of the bedrooms made me LOL. The deck in the backyard is a booby trap, but other than those three things there's a lot to like here - great neighborhood, bunch of square footage (especially once you consider the unfinished level), fireplace, oversized two car garage, covered patio. Don't judge this book by its smurf-like cover.
Assessed for $163,963. Pictures of the property start RIGHT HERE.
1117 4th St, Greeley: $38,000. 4 bed (listed as a 2), 1 bath, 1105 sq ft over partial basement, 1912. As I mention on the video, the powers-that-be are 'requiring' a foundation inspection/assessment. The house is nearly a century old, so of course there's sloping. However, the daylight basement isn't exactly the desirable kind. Too bad, because I've yet to see a 4 bedroom house for this kind of money that doesn't need to be condemned. I'd still check this one out if I were you. But I'm not.
Assessed for $53,466. Pictures of the property start RIGHT HERE.
140 16th Ave CT, Greeley: $55,000. Pictures of the property start RIGHT HERE.
675 E 4th ST RD, Eaton: $122,000. 3 bed, 1.75 bath, 1130 sq ft over full unfinished, 2002. This is a ranch over unfinished basement in Eaton Commons that, like its HUD Brother up the block at 725 E 4th, backs to a field. If vanilla is your flavor, check this one out. Assessed for $139,654. Pictures of the property start RIGHT HERE.
Relist: 127 N 25th Ave, Greeley: $42,500. 3 bed, 1 bath, 912 sq ft, 1963. Scope the video walkthrough: The pictures for the property start RIGHT HERE. A thumb up because HUD's appraisal lists this house as a 2 bedroom when it is blatantly a 3 bedroom. A thumb down because the same appraisal lists it as having a 1 car attached garage when it has actually been converted into living space (it does have the garage door as a bit of decoration though). Assessed for $77,453.
Relist: 3911 Boulder St, Evans: $30,000 (reduced by $4500). 2 Bed, 1 Bath, 1028 Sq Ft, 1887. Way back when, Erica wrote "This house seems like a pretty solid buy for $34,500. It is very clean and well kept inside. Everything is pretty dated though and smells like a fireplace. It's on a large lot with mature trees that sits right across from a park. Also included is a washer and dryer. The bathroom would be the main issue with the floor being torn apart and the fact that it's missing a toilet."This has bounced back and forth between contracts, and is now being sold with the following comments: "Property is uninsurable, LBP remediation exceeds $4,000. There is significant floor settlement. Plumbing & heating are not in working condition. Window frames, defective paint, missing toilet, missing smoke detectors & missing flooring need repair/replacement." Assessed for $44,992.
Relist: 1120 E 24th ST RD, Greeley: $76,000. 3 bed, 2 bath, 1266 sq ft, 2000. I opted not to write about this when it was originally listed way back in September, but I briefly described it as "Actually a pretty nice place. Killer stamped concrete patio out back with some neato brick archways. The lower level has a walkout and has been somewhat finished. 2 car garage, decent shape throughout, big corner lot." This place is under priced, so if you have any desire to own a property in East Meadows, you need to check this place out. That's right - you NEED to. Assessed for $95,493.
Relist (for the 5th time!): 233-235 W 3rd ST, Loveland: $140,400.4 beds, 2 baths, 1800 sq ft*, 1965. Ah yes, the DUPLEX is BACK! Some lucky person could actually get into this place for $100 down, do a 203k loan on the property to fix the place up and STILL rent out the other side.If you’re that person you should be calling me ASAP. Each unit is 900 sq ft, 2 bed, 1 bath and has its own w/d hookups and storage shed. One has hardwood floors and granite tile, the other has (mostly) ceramic tile and Berber carpet. Each unit also has its own storage shed and the duplex sits just a few doors east of Bill Reed middle school. I mention on the video that I assumed the repair escrow was for plumbing; it isn't. The $770 is actually for smoke detector replacement, repairing exposed wires and soffit repair. UPDATE: The property is now considered UNINSURED but is still eligible for 203k financing. HUD/MCB’s property details can be found HERE. Scope the video walkthrough:233-235 W 3rd ST, Loveland $156,000! from Crip Erickson on Vimeo. Assessed for $201,900. Concerned because the contracts keep failing? Give me a shout and I'll tell you why. Bottom line - it doesn't involve the property.
7545 Viewpointe Drive, Wellington: $179,000. 3 bed, 2 bath, 1522 sq ft over full unfinished. Coming soon. Assessed for $191,500.
168 19th AVE Ct, Greeley: $75,000. 3 bed, 1.75, 1464 sq ft, 1995. Scope the video walkthrough: The pictures for the property start RIGHT HERE. A thumb down on this one simply because I'm suspicious of the lower level's room. That's all. Assessed for $81,990.
My first thought was that this West Greeley based condo style townhome could be very nice. It is newer construction and even has a one car ATTACHED garage! But after walking up the dirty stairs into the even dirtier living room you quickly realize there is some work to be done. Not to mention the fact the deck overlooks a parking lot, but there is tons of potential due to the great layout and vaulted ceilings."Assessed for $143,129. If you're lazy, Erica's pictures start HERE.
Relist: 915 S Tyler Ave, Loveland: $147,600. 4 bed, 2 bath, 1240 sq ft over full mostly finished basement, 1966. Here's a 60's brick ranch in south Loveland, now priced right. The biggest drawback with this one is the tiny kitchen, but it does have the full basement and a big yard. One of the bedrooms has a stupid attached desk that takes up half the room's space and the finishing inside is typical HUD house (read: horrible, and in need of correction from top to bottom). With that said, anyone looking for a place to do carpet and paint? Here you go. Assessed for $173,900.PRICE REDUCTIONS
61515 4th St, Carr: $44,100. 4 bed, 2 bath, 1379, 1999. This uninsured trailer in the ghost town of Carr has "propane, well & septic systems. Foundation is not to HUD requirements per appraiser, hurricane straps are not set in concrete. Plumbing repairs needed. Front porch, utility & bathroom have soft/spongy subfloor." Unavailability of FHA financing + beat down appearance and condition = this place being around for a while. It does sit on half an acre and has a nice two car garage (which is really all you can see from the road). However, there's no driveway. Assessed for $114,396. And this is now the THIRD markdown! Lazy? The pictures of this place start RIGHT HERE.
330 N Shields St, Fort Collins: $148,000. 4 bed, 1.75 bath, 1597 sq ft, 1956. Perhaps like you, I was, like, all excited and stuff when I saw we had a HUD on north Shields. Perhaps it's a testament to the strength of the recent inventory that this one left me totally cold. The highpoint is the corner lot on Shields and Cherry - it's huge (just shy of a quarter acre at 10,000 sq ft) and most of it is devoted to the fenced back yard with barbecue pit and wisely placed trees. The fun really stops there though. The garage access is on Shields, and the street noise in the house is substantial. The exterior has oodles of deferred maintenance and there aren't any gutters to speak of. It is a long, charmless ranch and it feels like there have been a couple of additions, including transforming half of what would have been a killer garage into a 4th bedroom. To its credit, the main half of the house has decent wood floors and it does have all the kitchen appliances. This one is uninsured, so cash or conventional only! Assessed for $239,500. Scope the video walkthrough:Lazy? The pictures of this place start RIGHT HERE. UPDATE: In case you can't remember, this hit the market at $185,000. At this price it's a flip.
1226 4th Street, Greeley: $24,160. 2 bed, 1 bath, 756 sq ft, 1918. Another uninsured property. No longer eligible for 203k financing. And if anyone cares, HUD has reduced the dollar amount of LBP they will abate to under $4000. HUD writes: "Repair/replace - furnace; toilet; plumbing system." The bedrooms are connected via a single closet, and the living room/dining room is a large single area. There's Death Stairs that lead to a cellar, but the draw here is the transformed garage that was obviously a second house. The remnants are two makeshift bedrooms, what's left of the kitchen (nothing) and a bathroom. Assessed for $41,199. Scope the video walkthrough: Assessed for $41,199.
507 17th Street, Greeley: $27,000. 2 bed, 1 bath, 520 sq ft, 1948. Yet another smokin' deal. This one qualifies for the $100 down incentive, with a $220 repair escrow for "remediation of mold-like substance". I mention this in the video - it's present in the smaller bedroom. This place has laminate flooring throughout most of the house, and it is pretty soft in the living room, as if they put it over carpet. It has a large but boring wood deck and a cinder block garage that will survive Fallout 4. Expect some mean overbidding on this one. Scope the video walkthrough:Assessed for $55,813. This is a ridiculously good deal.
208 E Park Ave, Pierce CO: $72,000. 3 bed, 2 bath, 1716 sq ft, 1998. This is a "Manufactured home. Property is located within 100 year floodplain, flood insurance is required. Roof replacement needed. The decks have deteriorated & warped boards. Exterior paint is deteriorated, scraping & new paint needed." Their words, not mine. I'd probably have a few more to add as well. Like how at this price you'd think it sat on some acreage. It doesn't - in fact, the lot is basically similar to a move-in condition current Greeley HUD for half the price and 10x the financibility. Pictures of the property start RIGHT HERE. Get it? There aren't any. Assessed for $126,919.Remember, the HUDs are a small part of what we do, and nobody does them better. But we deal with all areas of real estate: resells, listings, short sales, REOs of all types, property management, income properties, etc. If you have any questions at all, just ask. We live and die by referrals, so any you pass along are appreciated.
That's going to do it once again, hope you enjoyed reading and watching! Suggestions are always welcome and I look forward to hearing from you if you are looking to buy OR sell! And if you know anyone that would benefit from our service and would like to receive notice when the HUD Report is updated, please contact me. Thanks for reading, have a wonderful week!
Crip Erickson
Broker Associate
Realty Executives
208 S College Avenue
Fort Collins, Colorado
970.988.5634 cell
970-221-3627 fax
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