Crip's HUD Report 12-4-2009: Windsor/Severance Edition

Greetings HUD fans. You may have noticed there was no update to the Blog last week. There were of course HUD listings, but sometimes time constraints prevent me from busting it out. If you are jonesing for deals, you can always hit me up for The List, or we can make it very simple for you and set you up on an auto search for HUDs and more. All you gotta do is ask! And without further ado...

NEW HUD LISTINGS FOR 12-4-2009
▲ 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.▼

919 Cliffrose Way, Windsor (Severance!): $162,000. 3 bed, 1.75 bath, 1127 over full unfinished, 2005. HUD calls it Windsor. The appraiser calls it Windsor. The county records say Windsor yet the legal says Severance. If you're getting mail to the house, it must be Severance. If you're having a package delivered it must be sent to Windsor. I say call it Severance because - guess what? - THE HOUSE IS IN SEVERANCE. There's no sign announcing the west half of Severance is Windsor. There's people noshing on nuts just up the street at Bruce's. You're in Severance. End of story. As far as the house, it's an Aspen-built ranch over unfinished basement on a corner lot. The ranch directly across the street is being offered for $184,500. The basement is barren, with the exception of a washer and dryer, and I also noted an on-demand H2O heater down there. This is the cheapest of the 20 active properties in the Timber Ridge subdivision, and, based on its price, fenced yard, decent condition and $100 down incentive, will probably sell fast. Call me to jump on this one.
Assessed for $[county records down -will add later! Sorry]. Pictures of the property START RIGHT HERE.

2 Locust Street, Windsor: $93,000. 2 bed, 1 bath, 1904, 853 sq ft. This little bungalow sits on the corner of Locust and Chimney Park (in fact the detached garage is accessed from Chimney Park and the house sits across from,\ - you guessed it - Chimney Park). It's in great shape but as you've undoubtedly guessed the rooms are frighteningly small.
Assessed for $. Pictures of the property START RIGHT HERE.

2428 w 24th Street, Greeley: $99,000. Listed as a 1 bed, 1.5 bath, 1337 sq ft, 1960. This butchered brick ranch sits just west of 23rd Avenue and "backs to High Power Transmission line with an open right of way used by pedestrians." I can corroborate the power lines, but the open-right-of-way-thingy hardly seems like a busy thoroughfare. One of the main floor bedrooms has an invisible wall, hence the 1 bedroom status. The basement hides another bedroom and half bath, and a quasi-non-conforming bedroom. The layout is a mess in the basement, and the main floor isn't much better. Recently listed for $180k. UNBELIEVABLY, it didn't sell.
Assessed for $. Pictures of the property START RIGHT HERE.


Price Reduction

16398 County Road 86, Ault: $166,500. 4 bed, 2 bath, 2072 sq ft, 1999. This one didn't make the HUD Report when it was first listed, but it's an interesting place. The main house here is a long, long trailer that is unfortunately not FHA financeable. It sits on 4 acres just west of highway 85 north of Ault, and there's two other outbuildings included. The first is, I'm sure, the original dwelling, which is a cement block 2 bed, 1 bath house with remnants of a kitchen and a trashed roof. My guesstimate is it is around 850 sq ft. There's also a massive detached garage that features at least 3 parking spots, a shop area and a loafing shed. The house is in great shape, and HUD's reasoning for its uninsurability (if that's a word) concerns the foundation (which I assure you is there. The previous owners had an FHA loan after all). The reasons for and getting around this are too long and boring for me to describe here, so please contact me for an explanation. This is a pretty cool place, and with the $20k price reduction it's even sweeter.
Assessed for $. Pictures of the property START RIGHT HERE.

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