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1603 County Road 3
Canon City, CO 81212
$1,799,900
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
5104
Property Description
Welcome to Dusty Ranch, a serene retreat sprawled across 40 acres near Canon City. This luxurious property provides a sanctuary for you and your furry companions. The welcoming, gated entry leads to a newly constructed custom home set atop a hill, boasting breathtaking views and seclusion. Entering through the exquisite handcrafted wrought iron front door, you're welcomed into a spacious open-concept living room featuring vaulted ceilings and impeccably crafted floor to ceiling stonework enveloping a large custom gas fireplace . The upscale kitchen is a chef's dream, with an imported Hallman gas range oven, high-end stainless appliances, custom cabinetry, and a beautiful stone island. A beverage station with drink cooler and coffee bar adds convenience. The layout seamlessly connects indoor and outdoor living with access to expansive covered porches. Upstairs, a versatile loft area serves as a home office or additional living space. The master retreat offers a private deck with panoramic views and a lavish en-suite bath with dual vanities, a walk-in closet, makeup vanity, and a luxurious open spa like shower. A guest room with an en-suite bath ensures comfort for visitors. The main level features three well-appointed bedrooms, a full guest bath, and a half bath. A separate entrance leads to a private suite with a studio living room, bedroom, and en-suite bath, offering privacy and flexibility. No expense was spared in completing this home! *State of the art insulated concrete forms construction*In-floor radiant heat throughout*High end Culligan whole house water softener and filtration system*30 acres of fenced property*Two garages to provide parking for multiple vehicles (the main one featuring heat, a swamp cooler, and water), a barn, and large shop, all outfitted with electricity*Direct access to BLM*Less than two mile to Hwy 50* Dusty Ranch promises luxury living amidst nature's beauty, a place to create lasting memories and find peace in elegance.
Property Information
Lot Size
40 acre(s) square ft
Property Type
Residential
Year Built
2023
MLS Number
5081376
Location
Address
1603 County Road 3
City
Canon City
State
CO
Zip Code
81212
County
FREMONT
Listing
Provider
eXp Realty, LLC, original listing
Name
eXp Realty, LLC
Phone
(303) 882-1191
Office Name
Exp Realty LLC
Office Phone
(888) 440-2724
Agent Name
Amber Koran

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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.