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1336 Chapel Royal Court
Monument, CO 80132
$1,450,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
8178
Property Description
Sitting high along the magestic Palmer Divide in Monument, this custom built ranch home in King's Deer is truly impressive! There are simply too many features to list here! From the perfectly framed unobstructed views of Pikes Peak and the Front Range, to the abundant living and entertaining spaces within, this home is one to see! Featuring 2 master suites on the main level, a huge eat-in gourmet kitchen with brand new Wolf appliances, Asko dishwasher, and Sub-Zero refrigerator, a spacious office or 3rd main-level bedroom, formal dining room with double solid wood pocket doors, large walk-in pantry, spacious laundry room, half bath, & an oversized 3 car garage featuring doors with 9' clearance. As you meander down the grand staircase to the basement, you'll find a 3000+ sq ft open hobby room that is ready and waiting for your dream design! It could perfectly accommodate your classic car collection since there is a rear driveway & double doors allowing. Or, maybe a room to display & run your model trains? You could get creative with an artist's studio, or play & entertain in your very own arcade room! So many possibilities for this remarkable space! If you'd prefer to use the square footage for additional living space, the room has also been predesigned to allow for additional bedrooms & another bath. In addition to the open hobby room, the basement features a media room & wet bar, a family room with a grand stone fireplace, bedroom with attached full bath & walk-in closet, secured vault room, half bath, plus unfinished storage space. Gaze outside from the walls of windows, or relax on one of the upper decks to enjoy colorful mountain sunsets, gorgeous views of rolling King's Deer golf course, & sunny Colorado blue skies. Come explore northern El Paso County with golf courses, country club with pool & restaurants, trails, hiking, kayaking & paddle boarding, fishing in local lakes, with a small town feel of quaint shops & boutiques. This is your Colorado estate!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2016
MLS Number
5678431
Location
Address
1336 Chapel Royal Court
City
Monument
State
CO
Zip Code
80132
County
EL PASO (WEST)
Listing
Provider
RE/MAX Properties, Inc., original listing
Name
RE/MAX Properties, Inc.
Phone
(719) 576-5000
Office Name
RE/MAX Properties Inc
Office Phone
(719) 598-4700
Agent Name
Jan Sievert

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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.