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4245 Round Rock Court
Colorado Springs, CO 80904
$1,360,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
4340
Property Description
Perched at the end of the cul de sac, this elegant two-story home with out-of-this-world views is move in ready. Located in the gated community of Cedar Heights on nearly an acre, peace, serenity and the beauty of Colorado envelope you. The stately entrance with double doors and covered deck off the sitting area above will catch any eye. As you enter the home, the custom build, finishes and tremendous light draw you in. A short staircase leads you to the great room with fireplace where you immediately feel the sense of openness with the arched wood clad ceiling, wall of windows, multiple oversized sliding glass doors walkout to enjoy the year-round views. The gourmet kitchen offers the chef an abundance of prep space, cabinet space and ideal entertaining area. Be sure to notice the pantry and laundry areas. Adjoining the kitchen is the dining area with a walkout to the back deck. Two bedrooms, one with adjoining bathroom, one with a walk-in closet and walk out to covered back deck. Take the grand staircase upstairs to the catwalk that overlooks the great room. Retreat to your primary suite with a walkout to a private deck, oversized walk-in closet with built-ins and luxurious bathroom boasting a soaking tub, dual vanity and walk-in shower. The lower level offers additional living space with the open family room complete with wet bar. Two secondary bedrooms, one with walk-in closet and one with walkout and full bath round out this level. The two-car oversized garage offers a workshop. The spectacular views, access to trails and parks and amenities the Cedar Heights community offers is second to none. Come live your dream Colorado lifestyle in your new home today!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
9701892
Location
Address
4245 Round Rock Court
City
Colorado Springs
State
CO
Zip Code
80904
County
EL PASO (WEST)
Listing
Provider
The Platinum Group REALTORS, original listing
Name
The Platinum Group REALTORS
Phone
(719) 536-4326
Office Name
The Platinum Group
Office Phone
(719) 536-4444
Agent Name
Kelly Anne Young GRI

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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.