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727 E 27th St
Greeley, CO 80631
$3,250,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3376
Property Description
Welcome to Madison Lake, a water sportsman's paradise that offers an incredible array of features and amenities, making it a dream come true for those seeking the ultimate aquatic experience. Situated on a sprawling 30-acre gated estate, Madison Lake boasts a stunning Victorian home, a pristine water ski lake, and an exclusive membership business that lets you dive into endless fun.A 30-acre oasis, adorned with lush trees and a shimmering lake at its heart. The centerpiece is a charming two-story Victorian custom home, lovingly built in 1983. With over 3,300 square feet of living space, four bedrooms, and three baths, this home offers timeless comfort. Step outside to a fenced backyard that offers breathtaking views of the lake, a true retreat from the ordinary. Madison Lake includes 4 outbuildings - chicken coops, horse stables and corral, tack room, loafing shed, hay storage building with access to riding trails. RV parking with electricity available and water/sewer hook-up. Convenient, heated winter storage also available at lake.   Madison Lake isn't just a lake; it's a playground of possibilities where the real magic lies in the water. Get ready to indulge in an array of activities - from slalom course waterskiing, wakeboarding and wake surfing. This impressive property has been featured in Water Ski Magazine and has exclusive early season ski access. If relaxation is your goal, swim in the tranquil waters or grab your fishing rods and embark on a kayaking or canoeing adventure. The lake has also hosted waterskiing and wakeboarding tournaments and professional clinics, as well as numerous community, charity and private events. You can immerse yourself in nature while enjoying all the comforts of home as it offers waterfront RV parking complete with electricity and water/sewer hook-ups . There is excellent waterfowl hunting and fishing as well. Whether you choose to run it as a business or for your own personal fun, this lake has it all. The spring fed lake was adjudicated before 1972 and has a recreational water use by right without augmentation. This uniquely has helped the owners never experience a shortage of water. Well permit 157029 City sewer   The property is currently running a Madison Lake membership business. They offer annual full lake memberships priced currently $4,700 and members must use their own boats. The season runs from April 1st to October 15th. Members can also have the opportunity to pay an additional $2,700 fee for a full season camping pass. The leases run year to year so if your intent is personal use that can be done as well. Lake membership business and hunting lease information available upon request.   Located just half a mile East of Greeley, Colorado at 727 East 27th St. Madison Lake offers a haven amid the vibrancy of the region. Greeley, known for its growing families, businesses, and the University of Northern Colorado, is a welcoming gateway to Northern Colorado. Here, you'll find an abundance of outdoor activities, arts, music, and a flourishing community - all in one of the fastest-growing counties in the United States.
Property Information
Lot Size
30 acre(s) square ft
Property Type
Commercial
Year Built
1983
MLS Number
11200690
Location
Address
727 E 27th St
City
Greeley
State
CO
Zip Code
80631
County
WELD
Listing
Provider
Hayden Outdoors, LLC, original listing
Name
Hayden Outdoors, LLC
Phone
(970) 674-1990
Office Name
Hayden Outdoors Real Estate
Office Phone
(970) 674-1990
Agent Name
Seth Hayden

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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.