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Archive for May 4th, 2009

Diamonds in the rough near the Broadmoor

 Luxury Foreclosures near the Broadmoor

Search for Luxury Foreclosures in Colorado Springs

I previewed a variety of interesting bank foreclosures last week in Southwest Colorado Springs, including some homes in the Broadmoor area.broadmoor-glen-home

My tour for the week started at a wonderful home in Broadmoor Ridge priced at $269,900.   As I started to write this blog today I went back to check some of the info on the property, and it is now under contract.   I didn’t think it would last long on the market, as comparables in the area are going for $350,000 to $700,000.

oakhurstOur second home of day was another luxury foreclosure home in Broadmoor Hills on Oakhurst Lane that has structural damage.  The last time it sold in 1996 for over $500,000.   The property has amazing views from every window, a 2 story atrium, all  on a 1/2 acre lot.   Since the last sale in 1996 it looks like it has been listed and withdrawn 7 or 8 times; and it’s been foreclosed on 2 or 3 times.    Read the rest of this entry »

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