NEW HUD LISTINGS FOR 11-20-2009!
▲ 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.
1317 E 1st Street, Loveland: $110,000. 3 bed, 1.5 bath, 1385 sq ft, 1902. You want to love this place, mostly because the superhero paintings on the bedroom walls are actually high-quality. It is basically an old bungalow-style house with a handful of updates and an attic that has been transformed into a bit of a master suite. During the walkthrough, you'll hear the narrator say this place is zoned business. Ignore him; he's an idiot. (UPDATE: YouTube suggested I add an audio soundtrack. After a couple of poor suggestions, i.e. Drowning Pool, Plain White T's, I settled on what you now hear.) This property is actually surrounded by residential homes and businesses, and the zoning for this property is HIGH DENSITY RESIDENTIAL, which supports up to a 4 plex. Alley access, one-car detached garage, in-floor jetted bathtub, potential galore. And the driveway is big enough I was able to do a U-turn in it.Assessed for $153,900. Pictures of the house START HERE.
2.
2508 Park View Dr, Evans: $99,000. 2 bed, 2 bath, 1040 sq ft over full unfinished, 2002. I like this joint. Simple as that. It isn't an awesome family home, but then again it isn't trying to be. The master bedroom is huge, while the 2nd bedroom is fairly narrow but will work for the occasional guest. I also like the door into the back yard, which is something of a rarity in this subdivision. Price is right too! Totally FHA insured. Assessed for $116,824. Pictures of the house START HERE.3.
2101 36th Street, Evans: $90,000. 4 bed, 2 bath (listed as a 2 bed, 1 bath), 1700+ sq ft, 1976. This bi-level is located on the corner of 36th and Marigold and as such has a nice, roomy lot. If you can put the hideous colors aside there's a lot to like here (and a lot to work on). MCB's remarks belie the seemingly "almost there" appearance: Plumbing system is not in working condition, possible leak in the system. Floor covering and vinyl siding need to be repair/replaced. No real surprises there, but what's shocking is that this place is uninsured. It is eligible for 203k financing so it will go $100 down. Just don't expect it to be easy (or quick).Assessed for $103,844. Pictures of the house START HERE.
4.
2447 Arbor Ave, Greeley: $97,000. 3 bed, 2 bath (listed as a 3 bed, 1 bath), 1056 sq ft, 2000. The fire sale continues in east Greeley. There is technically nothing wrong with this ranch over half-finished basement, but (excuse my candor) it smells like a fart in the house. It's simply the best way to describe it. Was someone in there before me? Perhaps. Will the smell go away with some Plug-Ins? Hopefully. Is it there to stay? You've been warned. Smell aside, this place is fully insured, and the basement has been finished with a big ol- living room and a full bath. An obvious spot for a 4th bedroom exists as well. All for under $100k. And what's your house like?Assessed for $110,949. Pictures of the house START HERE.
5.
705 Collins Ave, Eaton: $110,000. 3 bed, 1.5 bath, 1266 sq ft, 1958. My camera died right as I was about to shoot the video. Sony! Never again. This typical late-50's ranch has what you'd expect - small bedrooms, a retro-riffic kitchen that was probably huge at the time, and wood floors throughout much of the house (the living room has been carpeted). There is one cool design feature - a half bath just off of the kitchen. This has a tiny $385 repair escrow for replacement of the door between the garage and house. Beyond that it's in great shape (if dated). So why the cheap-o price? In case you don't know, Collins Avenue is essentially CR-74, or the main drag through Eaton (east, east, east Harmony for you Fort Collins folk). Also, take a good look at the pictures of the front yard because that's all the yard you'll get. Ah, but the views from the front are spectacular, and since it faces south you'll have killer sunsets AND sunrises. I've just realized this house could literally be in the geographical center of town. Assessed for $110,135. Pictures of the house START HERE.6.
Relist: 507 17th Street, Greeley: $30,000. 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. Assessed for $55,813. Scope the video walkthrough:______________________
7.
Relist: 3604 Montrose, Evans: $67,000. 4 (or 5) bedroom, 2 bath, 958 square feet (1440, according to county records which is probably more accurate), 1964. First of all, I have no idea how HUD's appraiser lost track of almost 500 sq ft. or a bedroom. Secondly, I have no idea why the previous owners chose to put their toilet next to a window. Or do I? Fifth, this place is a good deal. Assessed for $93,159. Video walkthrough:_________________________________________________
8.
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. UPDATE: The property is now considered UNINSURED but is still eligible for 203k financing. Assessed for $201,900. 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.______________________
PRICE REDUCTIONS
1.
3619 Ponderosa Ct, Evans: $53,100. 1 bed, 1 bath, 888 sq ft, 2006. Believe me, if there were space for it on the MLS I should have liked to list this place at "A mere $53,100" because it is in fact move-in condition, with a double sided fireplace that serves the living room and master. 
2.
411 16th Avenue, Greeley: $22,400. 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? Thumbs up simply because it's cheap.3.
1212 30th St Rd, Greeley: $45,000. 3 bed, 1 bath, 1008 sq ft, 1952. I haven't mentioned this joint before because I just didn't like it. It's a trailer, and now thanks to HUDs revision of their lead-based paint policy, it's uninsured. Pay cash or don't bother folks. Assessed for $89,561.4.
632 37th Ave, Greeley: $87,300. 5 bed, 2 bath, 962 sq ft over full mostly finished basement, 1971, 1 car attached. It's a bit dated and 2 of the bedrooms and a bath lie in the basement (it is therefore listed as a 3 bed, 1 bath) but your worries will disappear when you see the fridge sunk into the wall. And it's no small bar fridge either.
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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