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1462 Sheep Ridge Road
Fairplay, CO 80440
$650,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
1856
Property Description
We're back! Welcome to your mountain retreat, complete with private fishing, hiking trails and close proximity to Buena Vista and Breckenridge. This 1-acre lot is beautiful blanketed in snow and comes to life in summer, with lush aspens, grassy knolls and a fire pit. Warm Springs Ranch is a private, gated neighborhood that sits on a warm spring, and the upper pond is warm to the touch. Five ponds line the backside of the ranch with a larger one in the center that overlooks the protected wetlands. Forest Service lands encircle the ranch with BLM lands to the east, traversed by elk and antelope herds. A community center is home to the annual BBQ, potlucks, parties and Pickle Ball courts. Or if skiing, golf and resorts are more your thing, hop a free bus to Summit County in Fairplay, or Bustang will get you to the hot springs and river rafting in Buena Vista. This inviting home features wood floors, big windows, a pot belly wood stove and thoughtful layout with the primary en-suite bedroom on one end of the home with outdoor access, with the second bedroom also on the main level. An upper en-suite bedroom features a walk-out deck. The kitchen features slate floors, simple appliances and big windows. A side breakfast nook provides ample space for entertaining. The open floor plan extends into a warm and welcoming living room. An attached, heated, 200 sq.ft. office/storage/workshop/craft space has a sink and a separate entrance. Outside, the stained concrete patio is perfect for summer gatherings. A heated workshop/garage holds all the toys and projects. This gated neighborhood sits on a community well where water quality is regulated by the State. Water quality results are published on the website. Nominal dues include water usage, trash, the community center, road maintenance, and stocking the ponds. Short-Term Rentals are permitted. If you've been dreaming of a simpler life in the mountains, this is your opportunity.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1998
MLS Number
S1046702
Location
Address
1462 SHEEP RIDGE ROAD
City
Fairplay
State
CO
Zip Code
80440
County
PARK
Listing
Provider
Christie's International Real Estate Summit Colora, original listing
Name
Christie's International Real Estate Summit Colora
Phone
(970) 274-8378
Office Name
Christie`s International Real Estate CO LLC
Office Phone
(970) 344-9002
Agent Name
Jeni Friedrich

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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.