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590 Manor Court
Woodland Park, CO 80863
$370,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
1440
Property Description
Are you looking for a secluded home tucked in the heart of town? Come check out this gorgeous townhome located in Woodland Park, the city above the clouds. Surrounded by mature pines and backing to forest, this home is close to hiking trails, grocery stores, schools, shops and restaurants. This property offers the perfect balance of privacy and convenience. With Highway 24 being close by you can either be in Colorado Springs within 20 minutes or in the mountains on Rampart Reservoir to go fishing, paddle boarding, boating, hiking or much more. As you step inside you will be greeted by an open layout where the wood burning fireplace brings a warm atmosphere to the kitchen and family room. You’ll find two large bedrooms nestled on the upper floor along with a newly updated bathroom. Baseboard heating upstairs allows for more precise climate control in the bedrooms while the forced air furnace easily warms the entire home from the main floor. The basement houses a large finished storage room with access to the garage. The garage has a wine cellar under the stairs, plenty of room for a work bench and storage to keep your firewood dry. The ceilings have been retextured and painted to remove original popcorn texture and the home has been updated with fresh paint. The forested hillside behind the townhome is perfect for walks among the trees or simply sitting on the back deck viewing the birds and deer. A million dollar view of Pikes Peak and incredible sunsets await after a short hike to the top of the ridge above the home. This is a must see home in the Paradise Pines of Woodland Park subdivision. Make an offer before this home is gone.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1983
MLS Number
5299211
Location
Address
590 Manor Court
City
Woodland Park
State
CO
Zip Code
80863
County
TELLER
Listing
Provider
Joshua Ryan Kimmel, original listing
Name
Joshua Ryan Kimmel
Phone
(719) 238-2044
Office Name
Kimmel Realty
Office Phone
(719) 238-2044
Agent Name
Josh Kimmel

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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.