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455 Pembrook Lane
Woodland Park, CO 80863
$849,900
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3535
Property Description
Welcome to this stunning and well-appointed home in the Reserve at Tamarac. This residence offers a refreshing and inviting atmosphere with its beautiful design and abundant natural light. The renovated kitchen is a chef's dream, featuring a large island, quartzite countertops, custom cabinetry, and top-of-the-line appliances such as the Italian-made Verona dual-fuel range, Bosch 800 series dishwasher, and touch faucet. Large windows throughout the home allow natural light to flood the space, showcasing the picturesque outdoors. The kitchen seamlessly flows into the dining area, creating an excellent layout for entertaining. The adjoining living room features high vaulted ceilings, a charming brick fireplace, and oversized windows, adding to the overall brightness and openness of the space. The main floor boasts pristine wood flooring and freshly-painted white wood trim, enhancing the aesthetic appeal. The thoughtfully designed floor plan ensures a seamless connection between the kitchen, dining area, and living room, with easy access to the inviting deck. Upstairs, the primary owner's suite offers a luxurious and private retreat with a large window, double walk-in closets, and an en-suite bathroom exuding elegance. The en-suite bath features double vanities, a freestanding soaker tub, and a spacious stand-up shower. Two well-appointed bedrooms and another full bathroom provide comfort and convenience for family and guests. The lower level of the home features a generously-sized recreation room, perfect for multiple living and dining spaces. The inclusion of a wet bar and gas fireplace adds to the cozy atmosphere. Two additional bedrooms and another full bathroom complete this level, offering flexibility and versatility.This exquisite home in the Reserve at Tamarac offers a stylish and inviting living environment. With its tasteful updates, luxurious owner's suite, versatile lower level, and inviting outdoor space, it is truly a remarkable residence.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2002
MLS Number
8308202
Location
Address
455 Pembrook Lane
City
Woodland Park
State
CO
Zip Code
80863
County
TELLER
Listing
Provider
eXp Realty, LLC, original listing
Name
eXp Realty, LLC
Phone
(303) 882-1191
Office Name
Exp Realty LLC
Office Phone
(888) 440-2724
Agent Name
Mary Sekowski MRP

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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.