Saturday, July 4, 2009

Crip's HUD Report 7-4-2009: 4 for the 4th!

Happy 4th of July everyone! Granted it's raining right now, but when it stops I'm sure many of you will celebrate the independence of our nation by blowing up a small part of it.* This week's inventory starts with a boring sparkler, then moves on to a bottle rocket, then a tank modded with Black Cats and a Roman Candle, and ultimately ends with a mack-daddy showstopper of a finale. Enjoy the. . .

NEW HUD LISTINGS (PLUS A BONUS!) FOR 7-3-2009!
Click for ordered pics of this week's listings!

Clicking on the little pictures below will take you to each property's details page and condition report. In case you didn't know.

  1. Property Photo Relist: 205 16th Ave, Greeley: $38,000. 3 bed, 1 bath, 1326 sq ft, 1954. This oddball, pieced-together ranch somehow manages to squeeze 1326 square feet into its unique U-shaped layout. Don’t expect much and you won’t be disappointed. Also sits next to a fix n’ flip that is under contract and listed at $97k. Assessed for an unbelievable $104,773. Check out the video walkthrough:
  2. Property Photo 2504 14th Avenue Ct, Greeley: $70,000. 4 bed, 2 bath, 998 sq ft over 998 mostly finished, 1955. The video pretty much covers the interior of the house, so let me talk about the exterior - it's in pretty rough shape. Here's the laundry list of issues on the inside:
    Replace all missing smoke detectors$220
    Replace damaged furnace thermostat$220
    Repair electrical wiring in the kitchen$55
    Repair plumbing$550
    Repair furnace$550
    Additionally, the new owner will definitely need to paint and take care of some siding repair.
    I think what's here is salvageable, the location is good, and the price is definitely right. Assessed for $109,875. Check out the video walkthrough:
  3. Property Photo 901 50th Avenue, Greeley: $100,000. 3 bed, 2 bath, 1310 sq ft over 1310 mostly finished, 1980. Usually I go ahead and include the basement bedrooms in my tally, but because the basement in this one was so incredibly dark, I can't really confirm there were any bedrooms at all. I can tell you the old listings call it a 4 bedroom, 2 bath. The main floor is pretty nice (especially the kitchen),
    but typically dated. This would have been a fairly fancy house back in its day - skylights everywhere, master bath, fireplace, secluded yard, etc. Fast forward to today and it's a pretty good deal. Most of our west Greeley listings sell immediately and over the asking price, so adjust accordingly. This one will need carpet and paint, and HUD has flagged:
    Repair plumbing system$605
    Repair/replace furnace$2,200
    Those issues aside, this one is a winner. Assessed for $149,215. Check out the video walkthrough:
  4. 4014 S Lemay, #21, Fort Collins: $396,000. 5 bedrooms, 4 baths, 1 office, 1777 sq ft over 1777 finished (!), 2005. Here's the big finale! Getting tired of looking at my filthy little $27,000 HUDs? Treat yourself to a walkthough of this gorgeous patio home in the Greens at Collindale. This one has it all: Absolutely killer master bath,
    beautiful wood floors,
    granite counters in the kitchen
    and basement bar,
    a movie room,
    tons of square footage, 2 fireplaces, laundry in the master AND basement, 2 car garage, the list goes on and on. Sold in 2006 for $580,000, assessed for $504,500. As far as issues, the deck needs to be painted:
    And that's it. In other words: If you're in the market for a nice maintenance-free patio home near a golf course, THIS IS IT. If you're wondering, this one is a Bank of America foreclosure. Believe me, if more of you were buying houses from yours truly, I'd be writing an offer on this bad boy right now. Check out the video walkthrough:

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, HAPPY INDEPENDENCE DAY!! Have a wonderful week!


*Can't take credit for that - it's a line from The Simpsons.


Crip Erickson
Broker Associate
Realty Executives
208 S College Avenue
Fort Collins, Colorado
970.988.5634
970-221-3627 fax

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