Crip's HUD Report 8-7-2009: August Already?

Hey Folks! This week saw yours truly speeding excessively to and from Carr, Wellington and Greeley. Don't know Carr? Here's a brief description: The house adjacent to this week's Carr HUD had a swamp cooler supported by a small, old refrigerator, which was in turn stacked on top of a plastic chair. As I tried to figure out if that was stacked on top of anything else, a rather large dust devil whipped directly over the house and had me seeking cover behind a leaning wooden fence. No big deal really, but I now have a greater respect for tornadoes after standing in that 1/400th scale version. But enough about swirling tumbleweeds! Let's check out the rest of the...

NEW HUDS FOR 8-7-2009
▲ 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.▼

3240 Belmont Court, Wellington: $165,000. 3 bed, 2 bath, 1310 sq ft over unfinished basement, 2001. This gigantic 3-car garage has a decent Wellington Pointe ranch attached to it. At least that's what it appears like from the front.

The massive garage is a bit jarring from the curb, but at least the house is sharp overall. Inside, there's a fireplace and the master suite is just off the kitchen.

Stay tuned for a comparo between this and our relist at Polk Circle. Tragically, I left my video camera at home so no videos of the new stuff. Assessed for $193,100. The house next door is currently listed for $192,900.

61515 4th St, Carr: $63,000. 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.

411 16th Avenue, Greeley: $28,000. 3 bed, 1 bath, 936 sq ft, 1954. Funky, blue, smelly, and with an estimated remaining economic life of 20 years. It features the world's oldest furnace

which apparently needs to be replaced. The garage was converted into the biggest bedroom once upon a time and the back yard is fairly decent. However this too is uninsured, so cash or conventional loan only, folks. Because I don't have a whole lot to say about this place, I'll simply ask you this: 411 16th Ave? Or a kiss from the dude that was killed in Goblet of Fire?

1114 3rd Avenue, Greeley: $38,000. 2 bed, 1 bath, 886 sq ft over a semi-finished basement, 1920. The best part about this lil' beater? It sits right across from Sunrise park. The worst parts about this house? The mold in the basement.

The damaged flooring. The broken plumbing. The trashed counters. The fact it is also uninsured. I do like the location of this one vs. the price though, and the extra bedroom and bathroom in the basement are bonus material (I didn't include them in my tally cuz the bedroom is moldy and the bathroom is, well, this:

I think that might be actual size. Assessed for $71,739.

Relist: 1810 8th Street, Greeley: $25,500. 1 Bed, 1 Bath, 667 Sq Ft, 1939. I checked this place out again today, but Erica summed it up pretty well when we first listed it: "This had to be one of the more bizarre houses I have been in. It is in decent condition, has a fully fenced front yard and a large backyard (though it is missing grass). When you first walk in you are in the living room. Immediately to the left is the one small bedroom. The kitchen is at the back side of the house where the ceiling goes from about 8ft high to 6ft high.

Now I'm not a very tall person, but I felt like the roof at the far side of the kitchen was uncomfortably close to my head. The layout of the kitchen is also weird with parts of it being updated (but not too well) and other parts of it being original. To the left of the kitchen is a small hallway leading to the bathroom which also has that weird sort of Alice in Wonderland feel (think eating the tall mushroom). The best part about this house is the Trex deck out back."

Think she's kidding about the ceiling? Here's me standing in the bathroom:

Assessed for $34,952. Uninsured!





274 30th Avenue, Greeley: $52,500. 3 bed, 2 bath, 1040 sq ft, 1998. If you have already looked through this week's pictures, you won't find any for this place. Why not? Because this joint is basically identical to the HUD next door at 262 30th that recently went under contract. Differences: 262 went under contract for $47k, was uninsured, had a fairly intact kitchen and hail damaged siding; 274 IS insured with a repair escrow of $1650 (plumbing, h2o heater, furnace). For that reason alone, expect this one to sell. Assessed for $73,787.

Relist: 3559 Polk Circle E, Wellington: $159,000. 3 bed, 2 bath, 1330 sq ft over 1330 unfinished, 2000. As I mumbled on the video, I had initially declared Mount Adams as the deal of the week. But after going into Polk, I quickly withdrew that observation. This Viewpoint ranch has everything most first-time home buyers are looking for: bigger bedrooms, a huge master bedroom with a nice walk-in closet, a quasi-updated master bath (which has been modified with a walk-in shower and grout-less tile throughout), wood floors in the kitchen, a 2 car attached garage, a decent-sized lot with some nice landscaping, a fully fenced backyard with a two-tier Trex deck and an unfinished basement. And other than the lack of appliances and the grout-less bathroom this one is move-in ready. HUD has flagged the furnace as needing repair (as well as the grout) so there is a small repair escrow of $770 on this one. Honestly, if you have been looking in Fort Collins for houses like this under $200k, you should probably just suck it up and check this place out because it's likely just what you're looking for. The house next door is listed for $199k (and it is very similar in layout condition and size); the larger 2-Story across the street is listed for $209,500. Ours is assessed for $200,100. Can you say value? Check out the video walkthrough HERE. Compared with Belmont, this takes the condition and back yard categories (gotta love that deck). Belmont has the nicer master suite and overall layout (and obviously that massive garage).

No price reductions because we basically don't have HUDs on the market longer than 10 days anymore.


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