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9833 Fairway Glen Drive
Peyton, CO 80831
$845,000
Conventional
Property
Bedroom
7
Bathroom
4
Property Type
Conventional
Square ft
4321
Property Description
Experience this exquisite 7-bed, 4-bath home spanning an impressive 4321 square feet. Nestled in a serene location backing to open space and trails, this home offers breathtaking mountain views and easy access to recreational amenities and golf course! As you step into this meticulously designed home, you're welcomed by the grandeur of soaring ceilings and a spacious foyer leading seamlessly into the great room. Illuminated by custom lighting, the great room is adorned with a striking stone-to-ceiling gas fireplace, a beautiful wall of windows with custom drapes and shutters, creating a captivating focal point for gatherings. Every corner of this home reflects thoughtful design and attention to detail, starting with the hand-trowel wall texture that extends seamlessly to the finished garage! The gourmet kitchen boasting stainless steel Jenn-Air appliances, including a 5-burner gas cook stove and double gas ovens, a convection microwave and pot filler. Custom lighting adds a touch of elegance, while upgrades such as soft-close cabinets, granite countertops, single-bowl sink, hardware, backsplash, reverse osmosis drinking system, and surround sound elevate the space to new heights.Adjacent to the kitchen, a dining area with access to a covered deck with serene views & privacy. For more formal occasions, the elegant formal dining room awaits, with a walk-through butler's pantry from the kitchen.Down the hallway on the main level, you'll find a versatile bedroom connecting to the full bathroom and walking out to the deck. Upstairs, the master bedroom retreat awaits with mountain views, along with three additional bedrooms, a laundry room, and another bathroom with dual sinks. The garden-level basement, has a spacious rec room perfect for movie nights, or game nights. The basement includes high ceilings, surround sound, a wet bar, 2 more bedrooms & bathroom.This home is equipped with an array of premium amenities, too many to list!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2020
MLS Number
6042796
Location
Address
9833 Fairway Glen Drive
City
Peyton
State
CO
Zip Code
80831
County
EL PASO (EAST)
Listing
Provider
The Cutting Edge, original listing
Name
The Cutting Edge
Phone
(719) 661-1199
Office Name
The Cutting Edge
Office Phone
(719) 999-5067
Agent Name
Amy Kunce-martinez

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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.