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230 N 3rd Street
Pagosa Springs, CO 81147
$965,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
2532
Property Description
Nestled in the heart of the stunning San Juan Mountains of Southwestern Colorado, is a gem of unrivaled beauty - The Timber Frame on 3rd Street. This fully-furnished and handcrafted European-style residence evokes an atmosphere of timeless elegance and old-world charm. Poised in a quaint, vibrant town teeming with activities and attractions, the Timber Frame is more than just a home; it's a gateway to a captivating mountain lifestyle. Within walking distance from the bubbling San Juan River and the therapeutic Springs Resort, the Timber Frame holds a premium location within this picturesque mountain town. The scent of freshly baked goods from Pagosa Bakery greets your mornings, while an array of vibrant local restaurants, brew pubs, live theatre, and art galleries paint the town with an eclectic charm. Savour the natural beauty of the San Juan National Forest and the Weminuche Wilderness, inviting you to an endless array of outdoor adventures from snow skiing at the renowned Wolf Creek Ski Area to exhilarating hiking and rafting experiences. Step into the Timber Frame to be greeted by an inviting entry alcove leading to the majestic heart of the home. Beautiful wooden floors and handcrafted timber beams echo whispers of old-world Europe, lending the home a warm, rich ambience spread across three levels. The main level showcases an expansive, state-of-the-art kitchen with solid surface counters, an LG refrigerator, a built-in GE Profile Microwave, and a German NXR Entre 36-inch six-burner gas range. A custom cabinetry system offers storage solutions par excellence, while a family room opens up to a quaint Trex deck, beckoning you to unwind and soak in the stunning vistas. The primary bedroom located to the north of the main level is a haven of tranquility. Expansive windows flood the room with a natural light that reflects off the dual sinks, illuminating the custom-tiled shower in the large en-suite bath. The Fujitsu AC split units ensure optimal comfort across all bedrooms and family rooms. Descend to the cozy lower level, housing a TV room and two additional bedrooms, each boasting en-suite baths equipped with a shower and a tub/shower combo. Ascend to the upper level to find two more bedrooms sharing a bath and a shower, making this home an ideal sanctuary for a large family or hosting guests. Property also includes a detached Storage Shed for extra gear, mountain equipment, and supplies. Ensuring your comfort throughout all seasons, the Timber Frame features a state-of-the-art IBC hydronic heating system, providing efficient zoned heating for each living area and bedroom. Also, an LG washer and dryer sit conveniently tucked away in the laundry closet. The Timber Frame on 3rd Street offers a ready-to-live-in experience. Arriving complete with furniture, fixtures, and accessories, you can instantly immerse yourself in the richness of mountain living and the heartwarming sophistication of old-world craftsmanship. Seize this incredible opportunity today and experience this unique mountain residence first-hand, in the heart of the stunning San Juan Mountains. Pagosa Source Real Estate Advisors are ready to answer any queries and facilitate a personal tour of this unique property. Whether you prefer to pick up the phone for a friendly chat or send an email outlining your questions, rest assured you will receive our prompt attention and the highest level of service. Remember, the mountains are calling, and The Timber Frame is your answer. Contact us today to step into your new mountain lifestyle. The warmth of old-world craftsmanship, coupled with modern comfort and a vibrant community, awaits you. Experience an enticing blend of tranquil mountain living and vibrant town life in this immaculately crafted residence, and discover the charm of The Timber Frame and start creating your own mountain memories.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
2022
MLS Number
804597
Location
Address
230 N 3rd Street
City
Pagosa Springs
State
CO
Zip Code
81147
County
ARCHULETA
Listing
Provider
Engel & Völkers Pagosa Springs, original listing
Name
Engel & Völkers Pagosa Springs
Phone
(970) 264-7000
Office Name
Engel & Völkers Pagosa Springs
Office Phone
(970) 264-7000
Agent Name
Mike Heraty

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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.