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9785 N Calhan Highway
Calhan, CO 80808
$650,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
4200
Property Description
Here is a great opportunity for generational living, or one main home with additional space for a separate workshop or onsite separate Work-from-home building all on your very own (40) acre piece of land. The subject land boasts two homes with two separate addresses; an especially generous 30 X 60 barn divided into two large, doored bays, an equipment closet, and large entryway allowing for completely separate storage and workshop spaces. There are two separate addresses for each of the main living structures; the larger home at the back of the lot is a 4200 SF featuring 4-bedrooms and 2 bathrooms; the kitchen has updated countertops, an eat-in area, with a granite island and sink in the middle of the room; newer Samsung refrigerator, and a gas stove. The laundry room provides overhead cabinetry--accessible with a simple stool step or a taller family member--for storing household chemicals, extra linens, and mudroom items; laundry room has a newer matching red Samsung washer and dryer. The primary bedroom is across the living area at the other end of the home, for maximum privacy; primary bathroom has a window, stand-alone shower, two sinks with surrounding counter space, and a jetted bath tub. At the other side of the home is where you will find three additional bedrooms, with good, natural light, and the 2nd bathroom with a tub/shower combination. Enormous, unfinished, basement runs the entire length of the home with 9ft.+ ceilings and tons of potential! Back deck perfect for relaxing, grilling. The smaller modular home is located at front of property and is on a shared well with the main building. Front modular consists of 3-bdrms., 2 baths, a kitchen and living space with a heating stove; convert this structure to suit your needs--this home has a used washer and dryer as you enter from the back door. May or may not work. Property sold in its present condition.
Property Information
Lot Size
40 acre(s) square ft
Property Type
Residential
Year Built
1996
MLS Number
3245781
Location
Address
9785 N Calhan Highway
City
Calhan
State
CO
Zip Code
80808
County
EL PASO (EAST)
Listing
Provider
RE/MAX Properties, Inc., original listing
Name
RE/MAX Properties, Inc.
Phone
(719) 576-5000
Office Name
RE/MAX Properties Inc
Office Phone
(719) 598-4700
Agent Name
Alan Armour

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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.