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20356 E Shady Ridge Rd
Parker, CO 80134
$944,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5191
Property Description
Welcome to this spacious 5 bed/6 bath home on a corner lot in the Pine Bluffs neighborhood of Parker! It offers more than 5000 sq. ft. of space, with craftsman inspired updates, a finished basement, easy to manage yard, oversized garage and solar panels to reduce your utility bills. Upon entry you'll be welcomed by high ceilings and a convenient work-from-home office. An open floor plan connects the living room, and its cozy fireplace, with the kitchen and dining area, making it a classic gathering spot. Off the kitchen, you'll find a work/study nook with a built-in desk, and a garage entry with individual cubbies. The main floor also includes a Guest Suite with its own bathroom and closet. Upstairs is a Primary Suite with a spa-like bathroom and walk-in closets. All upper bedrooms have private full bathrooms and walk-in closets. West-facing bedrooms have views of the Front Range to Pikes Peak. The laundry room is conveniently located upstairs with a large utility sink. Another key feature is the custom-finished basement. Enjoy a wet bar, large living room to watch movies and sports, a sectioned-off home gym, a bonus poker parlor, bathroom and abundant space. Dual AC units and furnaces keep all levels of the home comfortable, while the solar panels help reduce your bills. The outdoor living space is perfect for enjoying Colorado's seasons. An easy to maintain fenced-in yard is complemented by a covered patio, a paved pergola area and gas fire-pit; it's an ideal space for entertaining or to simply enjoy. The tandem garage with an extended bay provides ample space for your vehicles, storage needs or creative endeavors. You'll enjoy a sense of community and nearby amenities, including a neighborhood pool, parks, schools, Parker's trail network, shopping/dining and 5 min. to downtown Parker. Easy access to major highways and Denver. See it today! Seller willing to consider interest rate buydown incentive for buyer or other closing credits.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2015
MLS Number
1006093
Location
Address
20356 E Shady Ridge Rd
City
Parker
State
CO
Zip Code
80134
County
DOUGLAS
Listing
Provider
Colorado Landmark, Realtors, original listing
Name
Colorado Landmark, Realtors
Phone
(303) 443-3377
Office Name
Slifer Smith & Frampton-Bldr
Office Phone
(303) 443-3377
Agent Name
Andrea Meneghel

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.