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244 W Main Street
Hotchkiss, CO 81419
$719,397
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2087
Property Description
This stunning, completely renovated home is situated on a historic large lot totaling over 1/3 acre. Seller is willing to provide a 2 year interest buy down program for the new buyer. The beautifully done interior and open floor plan concept allow for a large dining/living room area that is an entertainer's dream with French doors opening out to the large covered south-facing porch and sundeck. Practical updates like engineered hardwood floors throughout the home give it a timeless, natural theme with the bonus of zoned radiant in-floor heating. The upgraded windows also give an abundance of natural light to the home year-round. The professional chefs kitchen includes built-in double electric convection ovens, a natural gas 6-burner cooktop,oversized extended countertops, a coffee/wet bar, stainless steel appliances throughout, and a separate walk-in pantry all packaged in an efficient layout which is highlighted by the custom maple cabinetry with a hand rubbed natural Danish oil finish. Next to the Kitchen area is a rear entrance mud room connected to the fully equipped utility laundry room and a guest half-bath powder room. There is a spacious master bedroom suite with a private sitting area and walk-in closet and the primary bathroom is porcelain tiled with in-floor radiant heat with an oversized walk-in full shower. The upstairs bedrooms have oversized windows that allow plenty of natural lighting. The upstairs restroom contains a freestanding soaking tub and shower for the ultimate relaxation experience. The large yard provides ample space for all of your outdoor hobbies and has the potential for a greenhouse. The property also includes huge 100-year-old mature trees, farm original English dry-stack river rock walls, and a flat xeriscape front yard all pre-prepped for an irrigation system. This homes unique touches were added by utilizing the best finishers and carpenters, plus Colorado- sourced woods and materials ending with a refurbishment of this classic 123-year-old home to a like new condition with an effective age of two years. The renovated look is AmericanCraftsman with a minimalist twist and the timeless Scandinavian aesthetic provides for a customizable, high-end retreat. The single-family zoning is unique with its R-2-MU Residential and Low Impact Commercial Mixed Use allows professional offices or home occupations. This unique home provides versatility both for legal businesses, and single-family residential purposes.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1900
MLS Number
20240637
Location
Address
244 W Main Street
City
Hotchkiss
State
CO
Zip Code
81419
County
DELTA
Listing
Provider
Keller Williams Colorado West Realty, LLC, original listing
Name
Keller Williams Colorado West Realty, LLC
Phone
(970) 256-9100
Office Name
Keller Williams - Grand Junction
Office Phone
(970) 256-9100
Agent Name
Maresa Arnold

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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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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.