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37600 Heron Springs Lane
Hayden, CO 81639
$395,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
Ideal horse property with meadows and gentle terrain. Lot 39 can be combined with adjacent lot 40 to make a large "horse compound". Meadows used to be planted with alfalfa and could be revived for grazing or hay. This lot sits lower down in Grassy Creek but still gets views mainly to the West. Building site is gentle and easy with lower expense for driveway and electrical hook-up (electrical box to lot line). Well not drilled yet but is included in the price. Well and cistern will be shared with Lot 40. Yampa River flows nearby - access via the Nature Conservancy public access point off HWY 40. 10 minutes to an airport and 30 minutes to a world class ski resort (all on paved roads). The HOA has hiking and biking trails. Hunting allowed on your lot; large elk herd seems to frequent this property. This revived subdivision is located 25 miles from Steamboat, and just 4 miles from the Hayden airport. Grassy Creek consists of forty 35+ acre lots with generous building sites featuring a wide variety of topography and views. Utilities in the 1500 acre subdivision include buried electric and telephone service - lot 39 has electric already run to the building site! http://www.grassycreekco.com/
Property Information
Lot Size
35 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
37600 HERON SPRINGS LANE
City
Hayden
State
CO
Zip Code
81639
County
ROUTT
Listing
Name
Phone
(970) 846-3661
Office Name
Office Phone
(970) 879-8100
Agent Name
Michael de Jong
Agency Phone
(970) 879-8100
House Features
Architectural Style: Other
Architectural Style
Neighborhood/Schools
Elementary School/District: Canyon
Elementary School/District
Middle/Junior High School/District: Canyon
Middle/Junior High School/District
High School/District: Canyon
High School/District
Subvidision Name: Grassy Creek At Mt. Harris Final Plat
Subvidision Name

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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.