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1323 Valley Of The Sun Drive
Fairplay, CO 80440
$785,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1792
Property Description
Interest rate buy down offered, call for details. Take in the views of the 14,000 plus foot mountains Bross and Democrat from the upper deck or soak up a night sky full of stars from the main level hot tub. The upper level open floor plan family room features a wood burning stove to take the chill off cool mountain nights and a wall of windows to bring the outdoors in. The lower level provides more room to play and being fully furnished this home is move-in ready for full time or as an income property, short term rental licenses are still available in Park County. Minutes to Main Street Fairplay for the free shuttle to Breckenridge as well as shopping and dining on Front Street. From there it's a short walk for gold panning and fly fishing on the gold medal South Platte River. Fairplay comes alive in the summer with signature, family friendly events such as Burro Days, the TGIF concert series and many more. The Recreation center features a large pool, fitness classes and work-out facilities. Centrally located between Summit and Chaffee, half an to the north gets you to world-class ski resorts with both summer and winter events, while the same distance drive to the south puts you in Buena Vista for river rafting, hiking, mountain biking and countless other outdoor activities. If you've been dreaming of getting up to the mountains, this home has it all, the views, the space, the upgrades - make plans to tour this exceptional property before it's gone.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2004
MLS Number
S1041114
Location
Address
1323 VALLEY OF THE SUN DRIVE
City
Fairplay
State
CO
Zip Code
80440
County
PARK
Listing
Provider
Christie's International Real Estate Summit Colora, original listing
Name
Christie's International Real Estate Summit Colora
Phone
(970) 274-8378
Office Name
Christie`s International Real Estate CO LLC
Office Phone
(970) 344-9002
Agent Name
Jeni Friedrich

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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.