NEW HUDS FOR 9-11-2009
▲ 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.▼
1.
803 Sitka St, Fort Collins: $170,000. 3 bed, 2 bath, 1261 sq ft over full unfinished, 2000. A pleasant surprise, this. Sporting a big ol' 3 car garage, this north Fort Collins ranch is, on paper, a great buy. It also has a fenced yard, a clean and very nice shed, a large wrap-around cement patio and is in overall great condition. My quibbles: faces north, backs to Conifer (just slightly busy), the bedrooms are fairly small, and the main-floor laundry, while desirable to most, is located in the somewhat narrow hallway to the bedrooms and bath (I'll bet anyone living in this house has knocked a few laundry baskets down the stairs). However, I'm sure I could live with all of these issues, and the price is right for an owner occupant.Assessed for $201,700.
If you're lazy, my pictures start HERE. Video Walkthrough:
2.
1006 C Street, Greeley: $35,000. 2 bed, 1 bath, 1012 sq ft, 1935. Interesting house with a colorful history. HUD's remarks had me prepared for the worst: "Property is located within a 100 year floodplain, flood insurance is required. Repair siding and replace entry doors. Repair furnace." Indeed the vinyl siding has hail damage on much of the west side, but the house is otherwise cosmetically awesome (considering the price, of course). This one is uninsured, would-be owner occupants.Assessed for $58,019.
If you're lazy, my pictures start HERE.
3.
Assessed for $187,208.If you're lazy, my pictures start HERE. Video walkthrough:
4.
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.
5.
This house is a fantastic buy in my opinion. I'm pretty sure it had 5 beds, not 4, and 2 full baths. The day I went out there it was raining, and due to the fresh scent of pine trees I really noticed the large back yard and mature trees. This house is situated in a cul-de-sac in a decent area in Greeley. The house itself is not much (it's missing all appliances) but it's in relatively good condition and at $96k you really can't lose on this deal!!" She may try to sell you her car - watch out.Assessed for $104,578.
If you're lazy, Erica's pictures start HERE.
6.
3401 Rialto Ave, Evans: $155,000. 3 bed, 2.5 bath, 1650 sq ft, 2003. Erica: "If you are thinking of buying in Evans, I definitely recommend looking at this place. It is in mint condition, minus a few missing kitchen appliances. Located right near schools and parks, this house will blow your mind for only $155,000. It even has a three car garage and is located on a corner lot. In fact if you are a hunter there is even a room for you on the off season to make you feel at home, check out the deer mural:
Assessed for $163,433.
If you're lazy, Erica's pictures start HERE.
7.
Relist: 1601 W Swallow 8C, FTC: $71,000. 1 bed, 1 bath, 576 sq ft, 1985. Back again, for the third time. It's a tiny joint, and except for the wall between the bedroom and living room the condo is essentially a studio. It does have all of the kitchen appliances AND the stacked washer and dryer, and it's priced right. Did I mention it's small? How small you ask? The video walkthrough is only 39 seconds long, and I linger. Assessed for $76,000. Scope the short video walkthrough:8.
Relist: 934 E 25th ST LN, Greeley: $89,000. 4 bed, 2 bath, 1077 sq ft over 1077 mostly unfinished, 2002. This East Memorial ranch is listed as a 3 bed, 1 bath, but the basement, which is unfinished save for the one extra bedroom and bath, is of course excluded from HUD's appraisal. It seems to me these two rooms were built with the house as they are in identical condition to everything else. The main floor has an open living room/kitchen set-up with laminate flooring and three decent-sized rooms. The garage needs to be scrubbed out, and there's a fenced yard out back. The roof needs to be re-shingled and OF COURSE they say the furnace needs to be repaired. If you are wondering where East Memorial is, just watch for the kids cruising around on minibikes and weaving in and out of traffic on their tricycles. Assessed for $101,015. Scope the video walkthrough:9. 
The lower level family room appears to have a sinking floor, per appraisal. Uninsured, eligible for 203k financing." For those of you not in the know, that means the only FHA financing you can get on this is of the 203k kind, which is a bit like a construction loan (and perhaps more complicated). Call me for more info on this type of loan - not many people do them but I know a couple lenders that specialize in them. As far as the house, our description is still to come! Assessed for $169,900.10.
Relist: 233-235 W 3rd ST, Loveland: $156,000. 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. Assessed for $201,900. HUD/MCB’s property details can be found HERE. Scope the video walkthrough:11.
Price Reduction: 61515 4th St, Carr: $56,700. 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). 
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. WE LOVE YOUR REFERRALS!! 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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