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15278 6160 Road
Montrose, CO 81403
$1,149,999
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2396
Property Description
One-Of-A-Kind on Spring Creek Mesa full of character with attention to every detail and loaded with upgrades. You’ll feel this home’s warmth the minute you walk through front the door. From the exterior entry accented with custom cut beams, to the handpicked exposed wood beams above the great room and the hardwood flooring with travertine tile inlays in the kitchen and dining area, custom features surround you. While technically an open concept, you’ll find space to cozy up in the living room with its picture window and built-in bookcases, take in the sun from the dining area with floor to ceiling southern windows and sliding door, or enjoy preparing meals in your gourmet kitchen – well-appointed with a 6-burner Viking range/oven with counter mount pot filler and stainless hood, Sub-Zero refrigerator, Fisher-Paykel dishwasher drawers, under counter mounted microwave, double beverage drawers, touch control faucets at both the main sink and the wet bar area. Solid oak top bar above the Saltillo tile countertop below with butcher block counter near the wet bar area. Additional bar area with Sub-Zero wine cooler and built in cabinetry. Solid oak kitchen cabinets with glass fronts and a custom-built pantry with exceptional storage and room for the included freezer. Large master bedroom to the back of the home with surrounding windows, bench window seating with storage, custom master closet, vaulted ceiling and sliding door to back patio. Ceiling fans in master bedroom plus the additional two bedrooms, both with coffered ceilings. Both the master bath and main bath have been beautifully updated with custom tile showers. Tile flooring throughout the home, including in bathrooms, is heated with natural gas hot water baseboard throughout the home to keep you warm in the winter, central A/C keeps you comfortable in the summer. Lowen windows throughout he home for efficiency. Enjoy relaxing outdoors on the new spacious seamless Trex deck with redwood underneath and redwood pergola with high-end ceiling fans, or in the private firepit or hot tub area, all atop stamped concrete. Situated on nearly 1.5 acres, with permitted well water for the automated sprinkler system, multiple raised beds, and fruit trees (apple, peach, pear and cherry) and mature raspberry, blackberry and strawberry plants. Detached two-car garage with additional workout or workshop area, additional area for storing of toy, R/V or boat, along with a storage shed and dog pen. High speed Elevate fiber internet. Newer septic and leach field, radon mitigation and dehumidifier system installed in the crawl space. Minutes from town atop Spring Creek Mesa, located at the southern end of a quiet, mature subdivision. Year-round outdoor activities throughout the surrounding area, 10 minutes to the Montrose Regional Airport providing easy access to anywhere, 30 minutes to Ouray, and an hour to Telluride. Make this one-of-a-kind home your next home!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1966
MLS Number
809867
Location
Address
15278 6160 Road
City
Montrose
State
CO
Zip Code
81403
County
MONTROSE
Listing
Provider
NextHome, Inc, original listing
Name
NextHome, Inc
Phone
Office Name
NextHome Virtual
Office Phone
(970) 258-9300
Agent Name
Shawn Carroll

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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.